This post was originally published on this siteOct 29, 2021 (Bloomberg) OPEC+ technical experts downgraded their expectations for how tight global oil markets will be this quarter, a week before ministers meet to decide production policy. The global oil-supply deficit will be just 300,000 barrels a day on average in the fourth quarter, the coalition’s Joint […]
OPEC+ Softens View of Market Tightness Before Ministers Meet Read More »
This post was originally published on this siteOct 29, 2021 (Bloomberg) This year’s hurricane season started out as one of the most prolific in the modern era. Then suddenly, in October, the storms stopped. As of Friday, the Atlantic hasn’t produced a single new tropical storm in a month. Such a late-season pause has only occurred
Energy Industry Relief: Hurricane Season Has Stalled Thanks to Dry Air, Lull in Heavens Read More »
This post was originally published on this siteOct 29, 2021 (Bloomberg) Exxon Mobil Corp. and Chevron Corp. are plowing windfall profits into share buybacks as soaring energy prices boost their cash flow.Exxon will revive repurchases for the first time since 2016. The company said Friday it plans to spend as much as $10 billion on repurchases
Exxon, Chevron Target Billions in Buybacks as Cash Flow Surges Read More »
This post was originally published on this siteOct 29, 2021 Oil posted a monthly gain of 11% on signs that consumption is outpacing supply and draining stockpiles. Futures in New York rose 0.9% on Friday. Oil’s advance this month shows the impact of an ongoing shortage of natural gas, which has boosted demand for oil
Oil Rises 11% in October as Stockpiles Erode Away Read More »
This post was originally published on this siteOct 28, 2021 (Bloomberg) The Group of 20 came into its own during the 2008 financial crisis in order to avoid a global depression. It was a turning point that made clear that big decisions could no longer be taken without the fastest growing economies. Fast forward to
A Guide to G-20 Leaders and Why a Climate Deal Is So Hard Read More »
This post was originally published on this siteOct 29, 2021 (Bloomberg) Negotiations at the Group of 20 summit in Rome dragged past midnight, stuck on energy and climate. Some countries singled out China, saying it is refusing to beef up commitments to limit temperature increases and digging in over coal. The countries are set to commit
G-20 Deadlocked as China Won’t Budge on Climate Goals Read More »
This post was originally published on this site Total oil & gas industry M&A deals worth $15.3bn were announced globally in April 2021, led by Pioneer Natural Resources’ $6.2bn acquisition of DoublePoint Energy, according to GlobalData’s deals database. google.charts.load(‘current’, {packages:[‘corechart’, ‘bar’]});google.charts.setOnLoadCallback(drawBasic_Template1_Monthly_April_2021_Oil_gas__M_A___);var options={title:’ M&A deals in oil & gas industry – April 2021′, chartArea:{width:’50%’}, hAxis:{title:’Deal Volume’,
Oil & Gas industry M&A deals total $15.3bn globally in April 2021 Read More »
This post was originally published on this siteThe Qatar Shell gas-to-liquids (GTL) project got off to a good start on 14 February 2005 with the spudding of the first of two appraisal wells in Qatar’s massive North Field. This is the largest gas field in the world, and Shell expects to produce 1.6 billion standard
Shell’s Sure Touch in Qatar Read More »
This post was originally published on this siteIn September 2004, Hurricane Ivan taught the industry that it has much to learn about designing and building the rigs and platforms left behind to face the ravages of high winds and crushing waves. It is especially important as exploration pushes into new terrain, and as deepwater drilling
This post was originally published on this siteI came to work for Yukos in Russia in 2003. That was after a number of years of increasing exposure to doing business in Russia when I was hearing and seeing a lot of good things about this newly privatised company. Yukos really led the way for privatised
Sign up today and join the Energy Strong Movement for FREE! Stay up to date with vital upcoming events, elections, and key issues. Members will receive emails and newsletters to keep our community informed.
