World Oil (Bloomberg) — As big banks pull back on lending to oil and gas drillers, some U.S. energy companies are relying on a novel kind of bond to get the financing they need. The bonds are backed by the companies’ oil and gas reserves, meaning producers are essentially pledging income from their wells in exchange for up-front cash. The
Yahoo News LONDON – OPEC is likely to maintain its view world oil demand will rise for another decade, longer than many other forecasters predict, in a forthcoming major report, despite the growing role of renewables and electric cars, two OPEC sources said. The Organization of the Petroleum Exporting Countries is scheduled to update its long-term oil demand forecasts
Oil Price Pioneer Natural Resources became the latest oil major to report bumper profits for the third quarter, exceeding analyst expectations. The result was made possible by stronger oil prices, with Pioneer enjoying an average price per barrel of $94.23 during the reporting period, the company said in a news release. The average price for gas was $7.57 per thousand
Oil and Gas 360 This week’s Baker Hughes Rig Count shows that U.S. had a decrease of 3 over last week, resulting in a total count of 768 rigs. Canada had a decrease of 6 over last week, resulting in a total Canadian count of 210 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Arkoma Woodford
InvestorPlace – Stock Market News, Stock Advice & Trading Tips Under an inflationary e…
InvestorPlace – Stock Market News, Stock Advice & Trading Tips Under an inflationary e…
Yahoo News Global oil-and-gas giants including Exxon Mobil, Chevron and Equinor posted huge profits in the third quarter, benefiting from surging energy costs that have boosted inflation around the world and hit consumers hard. Oil companies booked billions of dollars in profits as prices for crude, natural gas and fuels like gasoline hovered near record levels during the quarter. Global
Oil Price Eni (NYSE: E) reported on Friday third-quarter core earnings and net profit beating analyst expectations amid what the Italian energy group described as an “excellent performance” of its Global Gas & LNG Portfolio. Eni’s adjusted net profit for the third quarter came in at $3.7 billion (3.73 billion euros), more than double compared to the same period of
BOE Report LONDON – Oil prices fell on Friday after top crude importer China widened its COVID-19 curbs, though benchmarks were poised for a weekly gain on supply concerns and surprisingly positive economic data. Brent crude futures dropped 87 cents, or 0.9%, to $96.09 a barrel by 1309 GMT, having climbed by 1.3% in the previous session. U.S. West Texas
Visiongain has published a new report entitled the Digital Oilfield 2022-2032 . It …
Quarterly net income of $2,031 million and cash flow from operating activities of $3,…
Third Quarter Highlights include: Reported third quarter revenues of $184.2 milli…
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