Energy / Oil / Gas – Page 7

2. 4. 2020 No Responses

Oil rallies 24 to 36% within minutes after Trump says he spoke to Putin, MBS and expects Saudis, Russia to announce 10 million barrel cut

Saudis and Russia deny every Trump’s word. Brent oil shoot up 36% (temporary) and West Texas up 24% This was the most expected market event amongst commodities traders. The President later said in a tweet that a production cut would be...

31. 3. 2020 No Responses

Some political action is expected on the US oil market

Insider circles report that president Trump’s administration is considering many different ideas to save the US oil industry. One option is an import embargo. Another interesting option is fee on imported oil, which is the cheapest way to save the sect...

9. 3. 2020 No Responses

Banks, Big Oil, Boeing Stocks Crashed Spectacularly, Biggest Crash Since Lehman Event

When two black swans collide and third is en route. Folks, it is just warm-up lap. $2.5 Trillion wiped out as world stocks crash most since 2008. Bank of America, Citigroup, Deutsche Bank, Commerzbank down 14 percent, British Petroleum crashed...

3. 3. 2020 No Responses

Chevron Plans to Return $80 Billion to Shareholders Over Five Years

As era of oil is gradually ending, Chevron on Tuesday revealed plans to pay out as much as $80 billion in dividends and share buybacks over the next five years despite the recent sharp decline in oil prices that inevitably will...

6. 2. 2020 No Responses

Gasmaggedon sweeps over global gas market

China’s state-owned gas importers are considering declaring force majeure on LNG imports, which would amplify the turmoil in global gas markets. Shipments of oil and gas are backing up at Chinese ports, which is creating ripple effects across the world....

31. 1. 2020 No Responses

Chevron loses $6.6B after huge writedown of North American shale

Chevron posted a massive fourth-quarter loss after taking $10.4 billion worth of writedowns related to North American shale projects. The San Ramon, California-based oil giant lost $6.6 billion, or $3.51 a share, in the three months through December as reve...

30. 1. 2020 No Responses

General Electric Is Considering Sale of Steam Turbine Unit to Raise Cash

General Electric (ticker: GE) shares fell as a report said the industrial giant plans to explore a sale of its steam-turbine power business. Desperate GE is weighing whether to sell its hopeless steam-turbine unit as CEO Larry Culp mulls ways to raise...

23. 1. 2020 No Responses

EU could waste €29bn on gas projects

32 schemes eligible for funding despite being unnecessary under move from fossil fuels. The European Union risks wasting €29bn (£25bn) of taxpayers’ money by overinvesting in gas projects which will be unnecessary under Europe’s climate action plans, ac...

21. 12. 2019 No Responses

Chevron’s $11 Billion Impairment

From Chevron’s press release: “As a result of Chevron’s disciplined approach to capital allocation and a downward revision in its longer-term commodity price outlook, the company will reduce funding to various gas-related opportunities including Appa...

27. 11. 2019 No Responses

Oil Service Stocks – Uninvestable

Interest In Oil Service Stocks At A “Career Low”, Piper Warns. Collectively, the consensus view is that the oil service sector remains un-investable. There have been few sectors dripping with apathy of late quite like the oil services sector. On ...

19. 11. 2019 No Responses

Hydrogen Truckmaker NIKOLA Claims It Has Breakthrough Hydrogen Battery Tech

Vaporware company NIKOLA Motor, the Phoenix-based startup that wants to disrupt trucking with futuristic electric semis powered by hydrogen, says it’s developed a new type of battery cell with double the energy density, only 40% of the weight and half...

11. 11. 2019 No Responses

Iran discovers oil field containing 53 billion barrels of crude

President Hassan Rouhani says Iran has discovered a new oil field containing 53 billion barrels of crude in southwestern Khuzestan Province. Rouhani told a large crowd of people in the central city of Yazd on Sunday that the discovery was made despite US...

1. 11. 2019 No Responses

Exxon Mobil earnings drop 49% in the third quarter

Exxon Mobil reported a 49% decline in third-quarter earnings on lower oil prices and higher costs. The company reported 75 cents in earnings and $65.05 billion in revenue, which did top analyst expectations. “We are making excellent progress on our...

26. 9. 2019 No Responses

US Shale In A State Of Stall – CapEx Collapse Imminent

The financial stress sweeping over the U.S. shale sector has led to a sharp contraction in activity. Oil and gas activity in Texas and parts of New Mexico declined in the third quarter, with the Dallas Fed’s business activity index reporting...

24. 9. 2019 No Responses

The $47 Trillion Slow Death Sentence For Oil & Gas

The future of hydrocarbons is becoming bleak if plans presented by international banks, representing around $47 trillion in value, will be fully implemented. So one assault will come by breakthrough new technologies and another by banks. Around 130 internati...

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