Oil Was Written Off. Now It’s the Most Productive US Industry
Wedoany.com Report-Nov 1, Conventional wisdom called for drilling four wells into the ground and then horizontally to access layers of oil-soaked rock, a technical feat perfected by the US shale indus...
TotalEnergies Q3 Income Hits Three-year Low
Wedoany.com Report-Oct 31 ,French oil major TotalEnergies reported third-quarter adjusted net income at a three-year low of $4.1 billion on Thursday, slightly missing expectations as refining margins ...
Exxon Sells Vaca Muerta Assets
Exxon has struck a deal with Argentinian Pluspetrol for the sale of the supermajor’s assets in the Vaca Muerta shale play. Reuters reported, citing an unnamed source with the supermajor, that Ex...
Shell Q3 Profits Of $6 Billion Beat Forecast As Gas Offsets Weak Refining
Wedoany.com Report-Oct 31 , Shell reported on Thursday third quarter profits of $6 billion that exceeded forecast by 12% as weaker refining and oil trading results were offset by higher gas sales. She...
Natural Gas and Oil Forecast: Will OPEC+ Hold Production to Meet Rising Demand?
Wedoany.com Report-Oct 30 , Natural gas and oil prices climbed on Thursday, buoyed by strong U.S. fuel demand and the prospect of supply adjustments from OPEC+. Unexpected drops in U.S. gasoline and c...
Dubai’s DIFC Suspends Firms Said to Be Key to Iran Oil Kingpin
Wedoany.com Report-Oct 30 ,The Dubai International Financial Centre has suspended multiple companies that people familiar with the matter say are part of a network overseen by Iranian oil trader Hosse...
Guyana Oil Production Drops 11% Due to Maintenance, Hess Says
Wedoany.com Report-Oct 30 , Guyana’s oil output dropped 11% in the third quarter as Exxon Mobil Corp. temporarily shut down two of its three production vessels to connect a new gas-to-shore pipe...
Pemex’s Crown Jewel Is Making Zero Fuel as Refinery Flounders
Wedoany.com Report-Oct 30 ,Production at Petroleos Mexicanos’s new and largest refinery came to a sudden halt in September, threatening the country’s pledge to cut imports of gasoline and ...
Marathon Oil Cuts 500 Houston Jobs Ahead of ConocoPhillips Takeover
Wedoany.com Report-Oct 30 ,Marathon Oil Corp. warned of a mass layoff involving more than 500 employees at its Houston headquarters as part of the $17 billion takeover by ConocoPhillips, according to ...
Nigeria Sees Objections to Shell Oil Asset Sale Resolved Soon
Wedoany.com Report-Oct 30 , Nigeria’s upstream oil regulator found some issues with Shell’s proposed sale of its onshore assets to a consortium of local companies but they should be resolv...