The Hague Court Rules for Chevron in Ecuador Dispute
September 16, 2020
The District Court of The Hague today ruled in favor of Chevron Corporation in its dispute wi…
Whiting Petroleum Announces 2020 Guidance and Organizational Changes to Better Position the Company for 2021
September 16, 2020
Changes Expected to Generate Approximately $20 Million in Annual Cost Savings Whiting…
Ultra successfully completes financial restructuring and emergence from bankruptcy
September 16, 2020
GlobNewswire ENGLEWOOD, Colo., Sept. 16, 2020 (GLOBE NEWSWIRE) — UP Energy, LLC (formerly known as UP Energy Corporation) (the “Company” or “Ultra”) today announced that on September 14, 2020 the conditions to effectiveness of its Chapter 11 Plan of Reorganization, which was confirmed by the United States Bankruptcy Court for the Southern District of Texas on August 22, 2020 (the
BP targets sale of 600,000 boe/d capacity by 2025 to shrink upstream unit
September 16, 2020
S/P Global – Robert Perkins BP expects to sell off around 600,000 boe/d of oil and gas production capcity over the next five years as part of its ambitious transition from an integrated hydrocarbons producer to become a global energy major, its upstream head Gordon Birrell said Sept. 16. Under the plans, BP’s upstream production — excluding its share in
Energy giant Neste sees a ‘K-shaped’ recovery for its business, CEO says
September 16, 2020
CNBC SINGAPORE — Finnish energy company Neste is seeing a so-called “K-shape recovery” from the coronavirus pandemic, with different segments of its business going in opposite trajectories, CEO Peter Vanacker said on Tuesday. “If I look at the recovery right now, people refer to (it) as V-shape, W-shape, L-shape, I’ve heard yesterday on the summit, K-shape,” he told CNBC’s Capital Connection as an attendee of the Singapore
MiningNewsBreaks – Petroteq Energy Inc. ?(TSX.V: PQE) (?OTC: PQEFF) (FSE: PQCF) Announces Completion of Study, Confirmation of Technology’s Lower Costs and Increased Capabilities
September 16, 2020
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) , an integrated oil compa…
As OPEC+ meets this week, UAE emerges as main laggard
September 16, 2020
Reuters LONDON/DUBAI – The United Arab Emirates has emerged as a major laggard in delivering oil output cuts in August, figures used by OPEC+ showed on Wednesday, as the group meets this week amid signs of a faltering demand recovery. Compliance with oil production cuts in August among OPEC+ members was seen at around 101%, four OPEC+ sources told Reuters
Oil prices up 3% as U.S. crude inventories fall, hurricane hits output
September 16, 2020
OAG360 Publishers Notes: Check out our new DOE dashboards for crude oil inventories and natural gas inventories: https://www.oilandgas360.com/dashboards/oil-and-gas-inventories/ Reuters NEW YORK – Oil prices rose for a second day on Wednesday, gaining about 3% on an unexpected decrease in U.S. crude inventories and as Hurricane Sally forced a swath of U.S. offshore production to shut. U.S. crude stocks fell by
U.S. crude oil inventories decrease by 4.4 million barrels
September 16, 2020
Weekly Crude Oil Storage as of September 11, 2020 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.4 million barrels from the previous week. At 496.0 million barrels, U.S. crude oil inventories are about 14% above the five year average for this time of year, according to the EIA crude oil and petroleum
Natural Rubber Market Size is Expected to Grow USD 27870 Million by 2026 | Valuates Reports
September 16, 2020
BANGALORE, India , Sept. 16, 2020 /PRNewswire/ — According to the new market research re…
