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Sunday, September 21, 2025

2019

Ecuador oil output could fall by one-third amid protests: energy ministry - oil and gas 360

Ecuador oil output could fall by one-third amid protests: energy ministry

October 8, 2019

Source: Reuters Ecuadoran state-run oil company Petroamazonas estimates it could lose some 165,000 barrels-per-day (bpd), or one-third, of crude production due to “insecure conditions” in oilfields as anti-austerity protests convulse the Andean nation, the energy ministry said on Tuesday. The areas of the Sacha, Libertador and Auca fields in the country’s Amazon region were affected. The ministry said at the

Big Oil’s renewable shift seen flooding shareholders with cash - oil and gas 360

Big Oil’s renewable shift seen flooding shareholders with cash

October 8, 2019

Source: Houston Chronicle Shareholders of global oil giants will be “drowned” in cash from dividends and buybacks for the next 20 years as the firms shift their capital structure to finance renewable projects, according to Rystad Energy. Majors such as Exxon Mobil Corp. and Chevron Corp. have traditionally had to hoard cash as they looked to their own balance sheets

U.S. Rig Count drops 3, down to 799 rigs-oil and gas 360

Independent again: Baker Hughes rolls out new look

October 8, 2019

Source: Houston Chronicle Baker Hughes rolled out its new look Tuesday to mark its independence after more than two years of majority ownership by the industrial conglomerate General Electric Co. The Houston oilfield service company is dropping the GE logo and exchanging its former blue letters for dark green ones. Two arrows merged into a geometrical shape known as a

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