Post Tagged with: "oil majors"

Source: Reuters

Oil majors, governments haggle over sharing pain of deepest cuts yet

Reuters


LONDON/MOSCOW – From Kazakhstan and Azerbaijan to Nigeria and Angola, oil majors are haggling with national governments over how to share out deep production cuts that add to their pain from low oil prices and depressed fuel sales because …

Source: CNBC

Market bounce is an ‘aftershock’ with ‘pretty horrific’ earnings to come, Citi analyst says

CNBC


Global stock markets have started this week with a bounce, as hopes that the coronavirus pandemic may be peaking drove investors back into risk assets following a historic downturn.

However, Citi strategists have suggested that the rally is nothing …

Source: Reuters

Graphic: Oil majors cut 2020 spending by 22% after prices slump

Reuters


LONDON- The world’s biggest oil and gas companies are cutting spending this year following a collapse in oil prices driven by a slump in demand because of the coronavirus crisis and a price war between top exporters Saudi Arabia …

Source: Houston Chronicle

A sector in disarray’: Oil majors live beyond their means on investor payouts, study finds

Houston Chronicle


The largest oil and gas companies for years have lived beyond their means and paid more money to investors than they can reasonably afford, according to a new report.

The study from the Cleveland-based Institute for Energy Economics …

CNOOC Signs Strategic Agreements with 9 Oil Majors

CNOOC Signs Strategic Agreements with 9 Oil Majors

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

Oil Majors Offload Singles and Doubles to Hunt Home Runs in Gulf

Oil Majors Offload Singles and Doubles to Hunt Home Runs in Gulf

From Bloomberg

(Bloomberg) — Big Oil is giving up looking for singles and doubles in the Gulf of Mexico: Now it’s home runs or bust.

Exxon Mobil Corp. and Royal Dutch Shell Plc, the world’s two biggest oil companies, have …

October 15, 2018 - 11:41 am Closing Bell Story‎, Exploration and Production (E&P)
To Keep Up, Majors Need to Spend $30 Billion in the Permian: IHS

To Keep Up, Majors Need to Spend $30 Billion in the Permian: IHS

From the Houston Chronicle

Oil majors led by Exxon Mobil and Chevron will need to bulk up their Permian Basin spending to meet their growth goals, triggering more consolidation and higher costs for oilfield services, according to a new report …

June 21, 2018 - 11:09 am Closing Bell Story‎, Energy News