Tuesday, January 7, 2025
Banks rush to rein in financing for oil firms -oilandgas360

Banks rush to rein in financing for oil firms

Energy World NEW YORK: The twice-a-year evaluation of energy borrowers’ reserve-based loans has taken on more significance than ever as banks seek to cut their exposure to oil and gas companies amid the global Covid-19 pandemic that has caused demand for oil to plummet and a price war between Russia and Saudi Arabia that has flooded the market with crude. Lenders are grappling with

Iraq Says Needs 4 Years to Wean Itself Off Iranian Energy Imports -oilandgas360

Iraq Says Needs 4 Years to Wean Itself Off Iranian Energy Imports

Financial Tribune ith just three days remaining to the expiry of a 30-day US waiver to import Iranian gas and electricity, Iraq will struggle to drum up some $10 billion in investments over a four-year period to stop these imports at a time when US patience with OPEC’s second-largest oil producer is wearing thin. The 30-day waiver, the shortest since

It's not all doom and gloom for Natural Gas - Henry Hub - oilandgas360

It’s not all doom and gloom for Natural Gas

Natural Gas World However, 2020 has started a whole lot different. Global energy demand has plummeted due to the economic lockdowns enforced around the world to contain the coronavirus pandemic. Still, looking beyond the immediate imbalances in the energy market, it may not be all doom and gloom for gas. The International Energy Agency (IEA), in its latest report, calls

Exxon - oil and gas 360

ExxonMobil to produce medical-grade sanitizer for COVID-19 response

BIC ExxonMobil said today it has reconfigured manufacturing operations in Louisiana to produce medical-grade hand sanitizer for donation to COVID-19 response efforts in Louisiana, New Jersey, New Mexico, New York, Pennsylvania and Texas. Initial production of 160,000 gallons of medical grade sanitizer – enough to fill nearly 5 million 4-ounce bottles – is being distributed to medical providers and first

Saudi Arabia and Kuwait start cutting oil output ahead of schedule -oilandgas360

Saudi Arabia and Kuwait start cutting oil output ahead of schedule

Oil&Gas The two nations acted prior to the May 1 deadline set by OPEC+ Saudi Aramco has reportedly started reducing production from 12 million barrels per day (bpd) to hit its target of 8.5 mbpd, Bloomberg reported. It made the move prior to the May 1 start date of the OPEC+ agreement, which will limit supply as the coronavirus pandemic