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Thursday, August 28, 2025

2020

Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level- oil and gas 360

Fed holds rates steady, says economic growth is ‘well below’ pre-pandemic level

July 29, 2020

CNBC The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on the coronavirus-plagued economy. In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near zero, where it has been since March 15 in the early days of the pandemic. Along with keeping rates low, the

Tokyo Gas to spend $657 million in U.S. shale, solar assets- oil and gas 360

Tokyo Gas to spend $657 million in U.S. shale, solar assets

July 29, 2020

Reuters TOKYO  – Tokyo Gas Co Ltd will spend 69 billion yen ($657 million) to take control of a U.S. shale gas operator, Castleton Resources, and to buy a U.S. solar power development project in a bid to expand its overseas operations, it said on Wednesday. The move reflects a long-term strategy mapped out by Japan’s biggest city gas supplier

French energy group Total books $8 billion asset impairments- oil and gas 360

French energy group Total books $8 billion asset impairments

July 29, 2020

Reuters PARIS – French energy group Total will book an exceptional impairment charge of $8 billon mainly on its Canadian oil sands and liquefied natural gas projects, it said on Wednesday. “Overall, the exceptional asset impairments that will therefore be taken into account in the second quarter of 2020 amount to $8.1 billion, including $7 billon on Canadian oil sands

Hess posts smaller-than-expected loss on higher output, lower costs- oil and gas 360

Hess posts smaller-than-expected loss on higher output, lower costs

July 29, 2020

Reuters U.S. oil and gas producer Hess Corp reported a smaller-than-expected quarterly loss on Wednesday, as higher output and lower costs helped offset a plunge in oil prices due to the coronavirus crisis, sending its shares 3% higher. Crude prices sank to historic lows in April as demand plummeted due to the COVID-19 pandemic and a price war between the

Pipeline doubts put Bakken shale reboot on hold- oil and gas 360

Pipeline doubts put Bakken shale reboot on hold

July 29, 2020

Reuters Publisher’s Note: Northern Oil and Gas will be presenting at The Oil and Gas Conference on August 17-19, 2020, 1 x 1 investor meetings are open, schedule your meeting with NOG now. North Dakota oil producers face new pressures to delay bringing back more of their recently curbed output after a U.S. court ruling this month put in jeopardy

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