Friday, November 29, 2024
SEC launches probe of Exxon on Permian Basin asset valuation: WSJ- oil and gas 360

SEC launches probe of Exxon on Permian Basin asset valuation: WSJ

Reuters The U.S Securities and Exchange Commission has launched an investigation of Exxon Mobil Corp , following a whistleblower complaint that the oil major over-valued a key asset in the top U.S. shale field, the Wall street Journal reported on Friday. Exxon Chief Executive Darren Woods has pinned much of the company’s growth prospects on the Permian Basin in Texas

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 13 this week, at 373

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 13 over last week, resulting in a total count of 373 rigs. Canada had an increase of 44 over last week, resulting in a total Canadian count of 161 rigs. Breakdown by region Of the regions tracked by Baker Hughes, 3 regions, the

Oil falls as China lockdown, U.S. unemployment data temper gains- oil and gas 360

Oil falls as China lockdown, U.S. unemployment data temper gains

Reuters LONDON – Oil prices fell on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and U.S. plans for a large stimulus package. Brent was down 81 cents, or 1.4%, at $55.61 by 1503 GMT, after gaining 0.6% on Thursday. U.S. West