Kuwait to Spend Over $30 Billion to Boost Oil in Bet on Demand
Wedoany.com Report-Nov 22, Kuwait Petroleum Corp. plans to spend about 10 billion dinars ($33 billion) over five years to ramp up oil production capacity, betting on robust demand for decades to come....
Petrobras to Pay Up to $55 Billion in Dividends Through 2029
Wedoany.com Report-Nov 22, Petroleo Brasileiro SA plans to pay as much as $55 billion in dividends through 2029 as part of its five-year business plan in a pledge to continue returning cash to investo...
Exxon Pledges $200 Million to Expand Advanced Recycling in Texas
Wedoany.com Report-Nov 22, Exxon Mobil Corp. announced plans to more than triple its so-called advanced-plastics recycling capacity in Texas in a move that pushes back against a lawsuit by California ...
Italian Oil Refiner Saras to Close its Geneva Trading Office
Wedoany.com Report-Nov 22, Oil refiner Saras is closing its Geneva trading office, according to a person who asked not to be identified discussing a private matter. The process will be concluded in th...
Occidental CEO Warns US Is at Risk of Losing Energy Independence
Wedoany.com Report-Nov 22, Occidental Petroleum Corp. warned that US energy independence is at risk of slipping away if shale output plateaus and begins to decline. It’s going to start to roll o...
Saudi Aramco CFO Driven Off Stage by Climate Protestors in US
Wedoany.com Report-Nov 22, Climate protesters disrupted an MIT event with Saudi Arabian Oil Co. Chief Financial Officer Ziad Al-Murshed in a Boston suburb on Thursday, causing the executive to leave. ...
Petrobras Announces $3.4 Billion in Extraordinary Dividends
Wedoany.com Report-Nov 22, Petroleo Brasileiro SA announced 20 billion reais ($3.4 billion) in extraordinary dividends in a sign that Brazil’s state-controlled oil giant will continue returning ...
TechnipFMC Bags $1b Contract For Totalenergies' Suriname Project
Wedoany.com Report-Nov 21, TechnipFMC plc has secured an integrated engineering, procurement, construction, and installation (iEPCI) contract from TotalEnergies for its GranMorgu project on Block 58, ...
JP Morgan Reveals Greatest Threat to USA Shale Sector
Wedoany.com Report-Nov 21, In a research note sent to Rigzone by the JPM Commodities Research team recently, analysts at J.P. Morgan said the greatest threat to the U.S. shale sector remains low price...
Exxon Exits Suriname Offshore Exploration Block, Transfers 50% Stake To Petronas
Wedoany.com Report-Nov 21, Exxon Mobil Corp. has confirmed its withdrawal from an oil-exploration block off the coast of Suriname, not far from where it discovered more than 11 billion bbls in Guyanes...