Post Tagged with: "360"

Source: Reuters

Saudi minister: Oil producers must remain extremely cautious

Reuters


DUBAI – Saudi Arabian Energy Minister Prince Abdulaziz bin Salman said on Wednesday that it was too early to declare victory against the COVID-19 virus and that oil producers must remain “extremely cautious”.

“We are in a much better …

February 17, 2021 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, International, OPEC
Source: Reuters

U.S. and Canadian natural gas prices soar during Arctic blast

Reuters


Natural gas prices across North America soared to their highest in years on Thursday as freezing wells cut output and homes and businesses crank up their heaters to escape the arctic blast moving from Canada to the eastern half …

February 11, 2021 - 10:30 am Canada, Closing Bell Story‎, Energy News, Natural Gas News
Source: Reuters

Chesapeake Energy cuts 15% of workers as it emerges from bankruptcy

Reuters


U.S. shale oil and gas producer Chesapeake Energy Corp plans to cut 15% of its workforce, an email sent to employees revealed, as it closes on new financing that will allow it to emerge from bankruptcy court protection next …

Source: Reuters

Repsol hires JPMorgan to spin off renewables unit, El Confidencial reports

Reuters


MADRID – Spanish oil and gas company Repsol has hired JPMorgan as an investment bank to spin off its renewable unit as early as June, Spanish on-line media El Confidencial reported on Wednesday citing financial sources.

The Spanish company …

February 3, 2021 - 1:30 pm Crude Oil News, Energy News, International, Renewable Energy
Source: Reuters

Investors storm into alternative energy funds ahead of Biden presidency

Reuters


Investors are rushing to invest in alternative energy funds this year on hopes of more green reforms, with President-elect Joe Biden set to take office next week.

According to Lipper data, alternative energy funds that primarily invest in solar, …

Three leadership skills required to thrive when disruption is business as usual

Three leadership skills required to thrive when disruption is business as usual

Forbes


Do you find yourself invigorated or frustrated with disruption?

It’s a common question I ask leaders in the energy industry, a sector undergoing widespread disruption. A quote attributed to André Gide, French author and winner of the Nobel Prize …

Source: Reuters

Oil set for third week of gains on vaccine hopes

Reuters


NEW YORK – Oil prices edged higher on Friday, on track for a third consecutive weekly rise, buoyed by successful COVID-19 vaccine trials, while renewed lockdowns in several countries to limit the spread of the coronavirus capped gains.

Brent …

November 20, 2020 - 10:00 am Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Trump administration asks court for extension to respond to refiners’ biofuel petition

Reuters


NEW YORK  – The Trump administration asked the U.S. Supreme Court this week for an extension to respond to a petition from oil refiners requesting that the court review a decision that cast doubt on a program exempting refiners …

November 5, 2020 - 2:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Oil falls as European lockdowns, U.S. election uncertainty dominate markets

Reuters


NEW YORK – Oil prices dropped on Thursday, weighed down by the steady rise in coronavirus infections and as the outcome of the U.S. presidential election had still not been settled.

Brent crude LCOc1 fell 41 cents, or 1%, …

Source: patenergy.com

Patterson-UTI sees drilling activity picking up through early next year

Reuters


U.S. oilfield services firm Patterson-UTI Energy PTEN.O expects activity to continue to improve through at least the first quarter of 2021, Chief Executive Andy Hendricks told investors on Thursday during an earnings call.

The company, which offers contract drilling …

October 22, 2020 - 11:30 am Crude Oil News, Energy News, Oilfield Services, Uncategorized
Source: Reuters

Oil prices up 3% on hurricane, supply disruptions

Reuters


NEW YORK  – Oil prices rose more than 3% on Tuesday, supported by U.S. supply disruptions caused by an approaching hurricane in the Gulf of Mexico and an oil worker strike in Norway.

Energy companies shut offshore oil platforms …

Source: Reuters

Chevron resumes arbitration in Thai gas dispute

Reuters


BANGKOK – U.S. energy major Chevron Corp has resumed arbitration proceedings with Thailand to try to resolve a dispute over who should pay for removing offshore assets in the country’s Erawan gas field, the company told Reuters on Friday.…

October 2, 2020 - 1:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: CNBC

Deadly Armenia-Azerbaijan clashes unlikely to cause an oil spike, analyst says

CNBC


Deadly clashes between Armenia and Azerbaijan are unlikely to result in major disruptions to energy production and supplies, analysts say, despite the region being a critical corridor for pipelines transporting oil and gas to the global markets.

“There is …

September 28, 2020 - 10:30 am Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Oil rises on expectations demand can survive new lockdowns

Reuters


LONDON  – Oil prices rose on Tuesday as analysts took the view that renewed lockdown restrictions would have only a limited impact on fuel demand, partly reversing a steep drop in prices the previous day.

Brent crude LCOc1 was …

September 22, 2020 - 10:30 am Closing Bell Story‎, Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

Oil prices mixed as OPEC boost countered by Libyan developments

Reuters


LONDON – Oil prices were mixed on Friday after Libyan commander Khalifa Haftar said a blockade on Libyan oil exports would be lifted for one month, countering more bullish signals from an OPEC meeting on Thursday.

 

Brent crude …

Courtesy of Liberty Oilfield Services Inc.

Eying a shale rebound, Liberty Oilfield strikes deal with Schlumberger

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 …

Source: CNBC

Oil prices fall as rising coronavirus case numbers cast shadow over fuel demand pickup

CNBC


Oil prices slid on Tuesday amid concerns that a nascent recovery in fuel demand could stall as a fresh wave of COVID-19 infections around the world sparks tighter lockdowns just as major producers ramp up output.

U.S. West Texas

August 4, 2020 - 11:00 am Commodity Pricing, Crude Oil News, Energy News
Source: Reuters

Column: U.S. crude stocks stabilise as Saudi export surge ends – Kemp

Reuters


LONDON – Bloated U.S. crude inventories are finally on a diet, after the surge of imports from Saudi Arabia, loaded at the height of the volume war with Russia in March and April, finished discharging in the middle of …

U.S. natural gas exports to Mexico set to rise with completion of the Wahalajara system

U.S. natural gas exports to Mexico set to rise with completion of the Wahalajara system

EIA


Oil & Gas 360 Publishers Note: This is fantastic. Exporting and trading with Mexico and Canada is better for our neighbors and the United States. 

Exports of natural gas by pipeline are the largest component of U.S. natural gas …

Oil tops $42 as OPEC+ laggards pledge better compliance

Oil tops $42 as OPEC+ laggards pledge better compliance

Reuters


LONDON – Brent oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and on signs of demand, hit by the coronavirus crisis, …

2018: The World’s Largest Public Oil & Gas Companies

2018: The World’s Largest Public Oil & Gas Companies

In this update to our 2016 rankings, the top two slots in the list still belong to the Russian giants, Exxon is still third, and PetroChina held onto fourth place – but Shell and BP flipped positions, changing the makeup