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April 22, 2022

Schlumberger reports higher profit as drilling activity increases, hikes dividend- oil and gas 360

Schlumberger reports higher profit as drilling activity increases, hikes dividend

April 22, 2022

Reuters Top oilfield services firm Schlumberger (NYSE:SLB) reported a higher first-quarter profit on Friday and increased its dividend by 40%, as rising oil prices boosted demand for services and equipment. Oil prices climbed to their highest in more than a decade during the quarter as Russia’s invasion of Ukraine upended global supply dynamics. Oilfield service firms, including Halliburton (NYSE:HAL) Co

Britain allows payments to Gazprombank for EU gas imports until May 31- oil and gas 360

Britain allows payments to Gazprombank for EU gas imports until May 31

April 22, 2022

Nasdaq LONDON – Britain has granted Russia’s Gazprombank and its subsidiaries a licence for payments until the end of May despite sanctions in order to ensure gas supplies to the European Union, a Treasury document showed on Friday. The licence permits an individual or company to continue payments under contracts that began before April 21, 2022 and allows actions such

Global miners must overcome labour shortages, inflation pain to meet targets- oil and gas 360

Global miners must overcome labour shortages, inflation pain to meet targets

April 22, 2022

Nasdaq Global mining companies must overcome COVID-related labour shortages and soaring production costs if they are to meet annual production targets, analysts said after downbeat quarterly reports. London-listed Anglo American AAL.L and Antofagasta ANTO.L are among those to have either lowered annual production targets or increased expected capital expenditure, laying part of the blame on the broad inflationary pressure coming from rocketing diesel prices.

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

U.S. rig count had an increase of 2 this week, at 695

April 22, 2022

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 2 over last week, resulting in a total count of 695 rigs. Canada had a decrease of 2 over last week, resulting in a total Canadian count of 101 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the Ardmore Woodford,

Valero, Motiva were buyers in Biden’s latest oil reserves sale- oil and gas 360

Valero, Motiva were buyers in Biden’s latest oil reserves sale

April 22, 2022

World Oil (Bloomberg) — Valero Energy Corp.’s  trading division was the largest buyer of crude oil in the Biden administration’s second sale of emergency stocks that were part of the White House’s efforts to combat surging energy prices after Russia invaded Ukraine. Twelve companies were awarded all of the 30 million barrels of oil offered from the Strategic Petroleum Reserve, the Energy

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