Sunday, December 29, 2024
Petrobras - oilandgas360

Ample storage and a recovering China insulate Petrobras from the oil glut

World Oil RIO DE JANEIRO (Bloomberg) –Petrobras, Brazil’s state-controlled oil giant, is plowing through a global oil glut expecting that exports to China will soon rebound, and with extensive storage capacity helping it endure in the meantime. Demand destruction from the Covid-19 pandemic has prompted producers globally to shut in barrels nobody wants. While there’s no real winners with oil

ov Greg Abbott - Texas - oilandgas360

Texas works with ESG-friendly testing company PerkinElmer to tame pandemic

Karma Oil & Gas 360 Publishers Note: This article about the great state of Texas is just another example of the importance of ESG. PerkinElmer is providing goods and services with a strong social statement and messaging. Our energy, oil and gas communities need to take note of the successful deployment of ESG messaging. Survivors of the energy market collapse

Trump - oil and gas 360

Trump may announce loan program for oil companies this week

World Oil WASHINGTON (Bloomberg) –The Trump administration may announce as soon as Thursday a plan to offer loans to the ailing oil industry possibly in exchange for a financial stake, according to two people familiar with the matter. Treasury Secretary Steven Mnuchin and Energy Secretary Dan Brouillette have already briefed President Donald Trump on a plan to provide financial aid