Reuters Imperial Oil Ltd on Wednesday said it had shut all production at its 220,000 barrel-per-day Kearl oil sands site in Canada due to an outage at a third-party diluent pipeline following a leak detected on Aug. 29. “The impact of the outage and a timeline for restart is unknown at this time,” the company said in a release. Apart
Reuters – Laila Kearney – U.S. energy regulators sided with pipeline operator Energy Transfer in a challenge to bankrupt oil and gas producer Chesapeake Energy’s request to cancel a nearly $300 million contract, court filings show. Chesapeake ignited a fight when it asked the U.S. Bankruptcy Court in Houston to approve breaking pipeline contracts, including with Energy Transfer and Crestwood
Reuters DENVER – Liberty Oilfield Services’ acquisition of Schlumberger’s shale fracking business will make it the third-largest oilfield services firm by North American revenue, nudging out Baker Hughes Co (BKR.N) in a bet on a shale rebound. Denver-based Liberty Oilfield (LBRT.N) on Tuesday agreed to swap a 37% stake in the company in exchange for Schlumberger’s North American hydraulic fracturing
Pune, Sept. 02, 2020 (GLOBE NEWSWIRE) — The global directional drilling services market …
Reuters CAIRO – Iraq is seeking an exemption from an OPEC+ deal curbing oil production during the first quarter of 2021 but will adhere to the cuts over the next three months, Oil Minister Ihsan Abdul Jabbar said on Wednesday. Abdul Jabbar has spoken about the exemption to OPEC oil ministers in three separate meetings, he told a local newspaper
The “Digital Business Models Mitigating COVID-19 Implications on Global Aftermarket Performa…
Fox Business Exxon Mobil Corp is assessing possible worldwide job cuts, a spokesman said on Wednesday, after the company announced a voluntary lay-off program in Australia. Exxon is the latest oil major to embark on axing jobs spurred by a historic collapse in fuel demand because of the coronavirus pandemic. The company has slashed capital spending this year by 30% to around
LOS ANGELES, Sept. 02, 2020 (GLOBE NEWSWIRE) — The Law Offices of Frank R. Cruz remind…
New York, Sept. 02, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the …
New York, Sept. 02, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the …
The “Vapor Recovery Units Market – Growth, Trends, and Forecasts (2020 – 2025)” report has …
Reuters LONDON – Oil rose towards $46 a barrel on Wednesday, gaining for a third day, supported by a report that U.S. crude inventories fell and as surveys showing stronger manufacturing raised hopes of an economic recovery from the coronavirus pandemic. U.S. crude stocks fell by 6.4 million barrels, the American Petroleum Institute (API) said, more than forecast. [API/S] Manufacturing
