Monday, December 30, 2024
Theo T Tanker

American Oil Fight to Heat Up as U.S. Keeps More for Itself

From Bloomberg The U.S. is set to get a bit more possessive about its own oil, sparking a bidding war with eager buyers in the other side of the world. Asian refiners from China to Taiwan and Thailand have boosted purchases of American crude in recent months because it was increasingly turning cheap relative to supplies from other parts of the globe. They’re

BHP Gets Bids Valuing Shale Unit at Up to $9 Billion

From Bloomberg BHP Billiton Ltd. has received first-round bids for its U.S. shale portfolio from oil majors including BP Plc and Chevron Corp., valuing the unit at $7 billion to $9 billion, people familiar with the matter said. Royal Dutch Shell Plc, partnering with private equity firm Blackstone Group LP, also submitted a bid for the entire unit late in May, said the people, asking

Wax On, Wax Off: Shale Oil’s ‘Waxy’ Features Crimp U.S. Jet Fuel Supply

From Reuters Jet fuel prices are at six-year highs, and part of the reason is linked to record U.S. shale crude production and the unique properties refiners contend with when they refine that oil. The United States produced about 4.7 million barrels per day of crude from shale formations in 2017. U.S. refiners have been using more of that abundant

CFO of Abraxas Resigns

From Business NewsWire Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ: AXAS) today announced Geoffrey R. King, Vice President and Chief Financial Officer of Abraxas, submitted his resignation on June 4, 2018 to pursue another opportunity in the financial sector. Mr. King’s resignation is not the result of any dispute or disagreement with the Company, or any matter relating to