Debunking The Oil Industry Cash Flow Myth
One of the refrains I often hear about the oil industry — particularly on those focused-on shale and tight oil — is that it collectively doesn’t make any money. There Continue Reading
Bar rises for shale takeovers as Chevron bows out of Anadarko fight
Chevron Chief Executive Michael Wirth’s decision to opt out of a bidding war for Anadarko Petroleum Corp has raised the bar for deals, and dampened expectations that oil majors will Continue Reading
Does Chevron know exactly what shale oil and gas are worth?
Welcome to the bidding war that didn’t happen. The decision last week by international oil giant Chevron Corp. to leave its takeover bid for shale oil and gas-heavy Anadarko Petroleum Continue Reading
Belarus’ Lukashenko says damages from contaminated oil ‘enormous’: Belta
The president of Belarus Alexander Lukashenko said on Saturday the cost of damages from contaminated oil received via the Russian Druzhba oil pipeline was ‘enormous’ and Belarus expects compensation from Continue Reading
Will Russia Abandon The OPEC+ Oil Deal?
A month and a half before OPEC and its allies are set to sit down and discuss how to proceed with their production cut pact, the leader of the non-OPEC Continue Reading
Oil Markets Uncertain As Trade War Counters Supply Shortages
Oil prices were flat in early trading on Friday, sandwiched between supply outages and the escalating U.S.-China trade war. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to Continue Reading
Oil steady, ends week lower as trade tensions weigh
Oil prices were mostly steady on Friday, ending the week slightly lower as trade tensions stoked by a U.S. move to hike tariffs on Chinese goods overshadowed tightened global supplies Continue Reading
Libya’s $60 Billion Push To Double Oil Production
Mustafa Sanalla, chairman of Libya’s internationally recognized National Oil Corporation (NOC), held meetings with U.S. companies at the Offshore Technology Conference (OTC) in Houston this week, to discuss US$60 billion Continue Reading
Libya Govt Suspends Operations Of Oil Major Total
Libya’s UN-backed internationally recognized government has suspended the Libyan operations of as many as 40 foreign companies, including those of France’s oil and gas supermajor Total, Reuters reported on Thursday, Continue Reading
Sinopec, CNPC Stop Buying Iranian Oil In May
China’s two largest oil companies, CNPC and Sinopec have not ordered any Iranian oil cargoes to load this month after the expiry of the sanction waivers Washington had granted China Continue Reading