Posted on November 6, 2014 at 12:34 pm by Bloomberg in
Arctic,
Offshore |
Statoil won’t use the Transocean Spitsbergen and Songa Trym rigs from mid-November through at least the year-end because of overcapacity.
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Posted on November 6, 2014 at 7:19 am by Bloomberg in
Crude oil,
Latin America,
Middle East |
While the Saudi Arabia is as flush with cash as ever, the finances of some fellow OPEC members are deteriorating quickly.
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Posted on November 6, 2014 at 7:11 am by Bloomberg in
Africa,
Crude oil,
Middle East |
Sharara was shut as a precaution after gunmen stormed the on-site production compound.
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Posted on November 5, 2014 at 4:51 pm by Bloomberg in
Markets,
Shale |
Investors spooked by the heavy debt carried by most U.S. producers are flocking to companies that generate so-called free cash flow.
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Posted on November 5, 2014 at 3:35 pm by Bloomberg in
Crude oil,
Gasoline,
Markets,
Natural gas |
Oil for December delivery rose $1.49 to settle at $78.68 a barrel on the New York Mercantile Exchange.
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Posted on November 5, 2014 at 2:01 pm by Bloomberg in
Crude oil,
Legal issues |
Fraudulent payments related to subsidized fuel imports are estimated to cost the continent’s biggest economy as much as $7 billion a year.
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Posted on November 5, 2014 at 7:15 am by Bloomberg in
Gasoline,
Latin America |
Petrobras, which booked $44 billion in operating losses from selling fuel at below-market prices during President Dilma Rousseff’s first term, is set to raise its subsidized refinery gate prices even after crude’s 25 percent plunge this year brought them more into line with international benchmarks.
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Posted on November 5, 2014 at 6:55 am by Bloomberg in
Crude oil,
Markets |
To win the showdown, the Saudis are trying to bring OPEC’s weaker members in line before the Nov. 27 meeting of the organization.
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Posted on November 5, 2014 at 6:50 am by Bloomberg in
Crude oil,
Markets |
U.S. oil production rose to the highest in at least 31 years amid slowing global demand, helping drive crude into a bear market last month.
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Posted on November 4, 2014 at 5:57 pm by Bloomberg in
Finance/Earnings,
Pipelines |
The partnership will own and operate pipelines and other assets of natural gas producer Antero Resources, including in the Marcellus Shale in West Virginia and the Utica Shale in southern Ohio.
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Posted on November 4, 2014 at 5:29 pm by Bloomberg in
Crude oil,
Finance/Earnings |
CEO William Thomas boosted EOG’s growth target for oil even in the face of a market slump
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West Texas Intermediate touched $75.84 a barrel, the lowest intraday price since Oct. 4, 2011 as Saudi Arabia price cuts deepened a selloff in crude.
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