Friday, July 11, 2025
Austrailias 94 million oil purchase-deal or pr stunt - oilandgas 360

Australia’s $94m oil purchase: Deal of the century or PR stunt?

ABC News Australia How much oil do you get for $94 million? With the crude market in turmoil and prices at record lows, the Energy Minister Angus Taylor made his move, purchasing oil at dirt cheap prices and arranging for it to be stored in the US. Then he embarked on a round of media appearances, telling the ABC’s morning

Chevron oil and gas 360

Exxon reports a historic loss while Chevron deepens capex cuts

World Oil HOUSTON (Bloomberg) –Exxon Mobil posted its first loss in at least 32 years while Chevron Corp. deepened spending cuts amid the economic and industrial devastation wrought by the Covid-19 contagion. The worst may be yet to come. Exxon reported a $610 million loss on Friday, the oil giant’s first since at least 1988, and said it’s shutting hundreds

Cheap oil- A pandemic- No big deal for renewable energy experts say oilandgas360

Cheap oil? A pandemic? No big deal for renewable energy, experts say

NBC Oil & Gas Publishers Note: This is an amazing time we are living. With the Corona virus, and and the lowest oil prices in years, it will be interesting to see if there will be a delay in renewable projects. Huge economic impact loss, cheap fuel, and the project funding may be key contributors to delays in renewable projects.