Reuters Oilfield company Halliburton Co on Tuesday said the industry was in the early stages of a multi-year up-cycle, as activity has rebounded from pandemic lows and pricing for some of its services has inched higher. The Houston, Texas-based company reported a 33.5% jump in second-quarter profit from the previous three months, as higher crude prices buoys demand for oilfield
Oil & Gas 360 Publisher’s Note: Registration is Open for The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado. EnerCom Updates Panel Presenters on Day Three of the Oil & Gas Conference. DENVER – June 14, 2021 (PR Newswire) Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now for The Oil
Reuters LONDON – BP and Germany’s EnBW said on Monday they had submitted a joint bid for Scottish offshore wind acreage which could support wind projects with 2.9 gigawatts of capacity. Crown Estate Scotland’s ScotWind wind leasing tender is its first for a decade, and is aimed at supporting the development of around 10 gigawatts of offshore capacity. BP said
Reuters LONDON – Faltering oil prices, triggered by concern over a third wave of the novel coronavirus and increased confidence OPEC+ would boost production, gave portfolio managers a chance to book profits on tactical short positions. Hedge funds and other money managers purchased the equivalent of 24 million barrels in the six most important petroleum futures and options contracts in
Nasdaq U.S. investment bank Goldman Sachs said the OPEC+ deal to boost oil supply supports its view on oil prices and expects modest “upside” to its summer forecast for Brent to reach $80 a barrel. OPEC+, comprising the Organization of the Petroleum Exporting Countries, Russia and other producers, agreed on Sunday to boost oil supply from August to cool prices
Reuters Exxon Mobil Corp (NYSE:XOM) said on Monday it appointed former Diageo (LON:DGE) Plc and United Airlines executive Kathryn Mikells as chief financial officer, effective Aug. 9. Mikells most recently held the finance head role at Diageo and was a member of its board of directors. She has previously served as CFO at Xerox, ADT and water treatment services company Nalco. Exxon said
CNBC West Texas Intermediate crude futures fell below the key $70 level Monday for the first time in more than a month as OPEC and its allies agreed to raise output, and as the delta Covid variant threatens global demand. U.S. oil dropped more than 6% to hit a session low of $67.21 for its biggest one-day decline since March. The
Oil & Gas 360 Publisher’s Note: Registration is Open for The Oil & Gas Conference®, August 15-18, 2021 in Denver, Colorado. EnerCom Updates Panel Presenters on Day Three of the Oil & Gas Conference. DENVER – June 14, 2021 (PR Newswire) Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now for The Oil
By Andrew Nichols: EnerCom Since August 2020, the number of United States oil and gas rigs steadily increased up to 470 oil rigs. The increase in oil rigs brings in more business and causes the price of shares for service companies to go up as shown by the OSX Index. This is a price-weighted index composed of 15 companies that
Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 5 over last week, resulting in a total count of 484 rigs. Canada had an increase of 13 over last week, resulting in a total Canadian count of 150 rigs. Breakdown by region Of the regions tracked by Baker Hughes, only the Permian
Reuters The U.S. Federal Energy Regulatory Commission (FERC) said on Thursday an Administrative Law Judge will determine whether units and traders at French energy company Total, now TotalEnergies SE TTEF.PA, manipulated the natural gas market in 2009-2012. The case, which has dragged on for years, is the biggest of FERC’s ongoing disputes over alleged power and gas market manipulation, some
$310 million acquisition includes two small-scale, domestic LNG production and fuel…… Username or E-mail Password Remember Me Forgot Password
