Saturday, July 19, 2025

Saudi Aramco to use cash and debt to uphold dividends pledge amid reports of job cuts

CNBC Saudi Aramco maintained its pledge to make good on its dividend payments, saying Thursday that it would mobilize cash and debt to fulfill the $18.75 billion payouts for the first quarter of this year despite taking a hit from the coronavirus pandemic and lower oil prices. “It will be a combination of both,” Aramco CEO Amin Nasser told press during

Post-COVID Global Oil Demand Series – Part 1: Petrochemicals and Construction Materials

RarePetro Oil & Gas 360 Publishers Note: This is part 1 from Kevin Olson at RarePetro on the Petrochemicals. The Post-COVID demand is an interesting topic for almost every market segment. Construction, manufacturing, transportation, air travel, and real estate will all have demand impacts for oil and natural gas.  Nice article from Kevin and worth the time to review. Abstract

ExxonMobil -oilandgas360

ExxonMobil restores Guyana oil production

Argus Kingston, 18 June (Argus) — ExxonMobil has restored crude production offshore Guyana to 80,000 b/d after correcting a technical glitch, according to the head of the country’s environmental agency EPA Vincent Adams. A problem with compression equipment had slashed output at the Liza field by 65pc to 27,500 b/d last week, compared with early May. ExxonMobil is flaring less natural gas