Sunday, July 27, 2025
ExxonMobil CEO warns of job cuts coming for employees in US, Canada- oil and gas 360

ExxonMobil CEO warns of job cuts coming for employees in US, Canada

Fox Business ExxonMobil Chairman and CEO Darren Woods warned that job cuts are coming for employees in the U.S. and Canada as part of an ongoing plan announced earlier this year to “redesign work processes and improve cost competitiveness.” While ExxonMobil is exceeding targeted spending reductions, deferring more than $10 billion in capital and cutting 15% of cash operating expenses, Woods said the coronavirus pandemic has resulted in a “devastating” cut to oil demand by about 20%,

Trump Administration Secures American Energy Jobs, Natural Gas Exports

Issues First Extensions of Natural Gas Export Authorizations Through 2050 WASHINGTON, D.C. – Today, the Trump Administration extended the terms of seven long-term liquefied natural gas (LNG) export authorizations through 2050. This action follows through on the Department of Energy’s July 2020 policy statement that allows for long-term natural gas export authorizations to non-free trade agreement (non-FTA) countries to be extended through 2050.

Goldman is calling a bull market for commodities in 2021 on dollar moves and inflation risk- oil and gas 360

Goldman is calling a bull market for commodities in 2021 on dollar moves and inflation risk

CNBC Goldman Sachs is forecasting a bull market for commodities in 2021 based on its outlook for a weaker dollar, inflation, and the prospect of further economic and fiscal stimulus. Analysts at the bank on Thursday predicted a 12-month return of 30% on the S&P’s Goldman Sachs Commodities Index, recommending long positions on silver, copper, gold, U.S. gas, Brent crude

Samson Resources II, LLC announces redetermination and extension of reserve based lending borrowing base at $75 million and continuation of drilling plan in the Powder River Basin - oil and gas 360

Samson Resources II, LLC announces redetermination and extension of reserve based lending borrowing base at $75 million and continuation of drilling plan in the Powder River Basin

Oil and Gas 360 TULSA, Okla., Oct. 22, 2020 /PRNewswire/ — Samson Resources II, LLC (“Samson” or the “Company”) announced today that, pursuant to its regularly scheduled redetermination process, the Borrowing Base under its senior secured revolving credit facility has been redetermined by its lender group at $75 million with a one-year extension to November 2022.  The Company ended the