Friday, November 22, 2024
Noble Energy shareholders approve $4.2 billion sale to Chevron- oil and gas 360

Noble Energy shareholders approve $4.2 billion sale to Chevron

Reuters HOUSTON – Noble Energy NBL.O shareholders on Friday approved a deal to sell the oil and gas producer to Chevron Corp CVX.N, making Chevron the No. 2 U.S. shale oil producer and giving it international natural gas reserves close to growing markets. The all-stock deal values Noble Energy at around $4.2 billion, excluding $8 billion in debt, and the vote cements

Chevron resumes arbitration in Thai gas dispute- oil and gas 360

Chevron resumes arbitration in Thai gas dispute

Reuters BANGKOK – U.S. energy major Chevron Corp has resumed arbitration proceedings with Thailand to try to resolve a dispute over who should pay for removing offshore assets in the country’s Erawan gas field, the company told Reuters on Friday. The move comes a year after the company suspended the legal process to allow more time for talks with Thailand’s

Norway oil strike escalation could affect production from six fields: NOG- oil and gas 360

Norway oil strike escalation could affect production from six fields: NOG

Reuters OSLO – The escalation of a strike among offshore oil workers in Norway could affect production from six fields with total output of 330,000 barrels of oil equivalent per day (boepd), the Norwegian Oil and Gas Association (NOG) said on Friday. Norway’s Lederne labour union said on Wednesday it would escalate action from midnight Oct. 4 after dozens of

Oil prices likely to continue to struggle in the fourth quarter as demand lags- oil and gas 360

Oil prices likely to continue to struggle in the fourth quarter as demand lags

CNBC Oil prices are expected to rise just slightly in the final quarter of the year, held back from further gains by a deep chill in global travel and a still healing economy. Analysts forecast the prices of Brent and West Texas Intermediate should rise to the low to mid-$40s per barrel, but they also see risks tilted toward another drop in oil prices.