Friday, May 20, 2022

$130M GAS TURBINE FRAUD: COURT RULES AGAINST SAIPEM’S OBJECTION

Saipem and Novozymes to work together to create a more sustainable CO2 capture
The court ruled that it has jurisdiction to hear the case on the ground of facts that the information the parties pleaded to, were not being questioned by the defendants.

WORRIES OVER SUPPLY FURTHER PUSHES OIL PRICES UP

GROUP DEMANDS PUBLICATION OF IDENTITY OF 2020 MARGINAL FIELD WINNERS
Oil prices edged higher on Thursday, maintaining their upward trajectory built on expectations that supply will tighten further even after OPEC+...

SHELL DISCOVERS OIL IN NAMIBIA, SAYS ITS “ENCOURAGING”

energy
Shell and its partners have made what the oil major described as an “encouraging” discovery in a closely-watched exploration well off the coast...

U.S. STORM HEIGHTENS SUPPLY CONCERNS AS OIL HITS SEVEN-YEAR HIGHS

Brent Crude Price Nudging to $80
Oil prices surged to fresh seven-year highs on Friday, headed for a seventh straight weekly increase, built on ongoing worries about supply disruptions...

SHELL HIKES DIVIDEND, RAISES BUYBACKS AS 2021 SPURS HUGE PROFIT

SHELL'S RENEWABLES BOSS STEPS DOWN AFTER LESS THAN TWO YEARS
Shell again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by...

SAUDI ARAMCO PLANS A $50 BILLION STAKE SALE OF FRESH SHARE...

Saudi Aramco expects about 2 bcf/day in gas from Jafurah field, CEO says
Saudi Arabia is planning to list more shares in Aramco and is targeting a stake sale of as much as $50 billion, the Wall...

CHEVRON Q4 ADJUSTED EARNING STOOD AT $5.1BN

CHEVRON POSTS $5.1BN Q4 ADJUSTED EARNING
Fourth quarter earnings from refining were $760 million, down from the $1.31 billion in the third quarter but up from a loss of $338 million a year ago.

NIGERIA’S JANUARY PRODUCTION, SHORT OF OPEC QUOTA

NIGERIA PUMPS BELOW OPEC JANUARY QUOTA
Nigeria has consistently pumped below its allocated quota in the ongoing OPEC+ cuts, as a document obtained on Tuesday from the...

FPSO EXPLOSION: 3 SHEBAH EXPLORATION CREW MEMBERS RECEIVING ‘APPROPRIATE MEDICAL ATTENTION’

FPSO EXPLOSION: 3 SHEBAH EXPLORATION CREW MEMBERS RECEIVING ‘APPROPRIATE MEDICAL ATTENTION’
Shebah Exploration and Production Company Ltd, SEPCOL, has said three persons reported missing following the explosion at its FPSO, Floating Production Storage...

OPEC daily basket price stood at $92.17 a barrel Tuesday, 8...

OPEC
Vienna, Austria, 9 February 2022--The price of OPEC basket of thirteen crudes stood at $92.17 a barrel on Tuesday, compared with $93.42 the...

CHEVRON PROFITS DIP OVER SHRINKING ASSET VALUE

CHEVRON POSTS DISAPPOINTING PROFITS OVER SHRINKING ASSET VALUE
American oil major, Chevron has reported disappointing profits after slumping values for some long-held fields hurt the oil giant’s ability to take...

BRINTON LEAVES SHELL LESS THAN TWO YEARS AS HEAD OF RENEWABLES

SHELL'S RENEWABLES BOSS STEPS DOWN AFTER LESS THAN TWO YEARS
Shell’s head of renewable energies Elisabeth Brinton has stepped down less than two years after taking the reins of the business...

PETRONAS OPENS BID ROUNDS, OFFERS 14 EXPLORATION BLOCKS, OTHER ASSETS

MALAYSIA’S PETRONAS OFFERS 14 EXPLORATION BLOCKS, DISCOVERIES, LATE-LIFE ASSETS
Malaysia’s state energy firm Petronas said it was offering 14 offshore exploration blocks, six clusters of discovered resource opportunities (DRO), and...

OIL HITS $90/BBL FIRST TIME SINCE 2014 ON RUSSIA-UKRAINE TENSIONS

OIL BREAKS $90/BBL FOR THE FIRST TIME SINCE 2014 ON RUSSIA TENSIONS
Oil touched $90 a barrel for the first time in seven years on Wednesday, supported by tight supply and rising political...

OPEC DAILY BASKET PRICE STOOD AT $90.14 A BARREL FRIDAY, 28...

OPEC
Vienna, Austria, 31 January 2022--The price of OPEC basket of thirteen crudes stood at $90.14 a barrel on Friday, compared with $90.20 the previous...

2022: HESS CORP ANTICIPATES HIGHER SPENDING, PRODUCTION

HESS CORP SEES HIGHER SPENDING, PRODUCTION IN 2022
Hess Corp said on Tuesday it expects a 37% jump in capital spending for exploration and production this year, as the oil...

ASIA LNG MARCH DELIVERY PRICE SLIPS TO $23.00

LNG PRICE FOR MARCH DELIVERY FALLS TO $23.00
Asian spot liquefied natural gas, LNG, prices dropped last week as large Chinese sell tenders signalled that supplies were well-stocked amid continued...

BARCLAYS FORECAST RAISES 2022 OIL PRICE BY $5/BBL ON DEPRESSED INVENTORIES

BARCLAYS HIKES 2022 OIL PRICE VIEW BY $5/BBL ON DEPRESSED INVENTORIES
Barclays on Monday raised its average oil price forecasts by $5 per barrel for this year, aided by extremely tight inventories,...

OIL REBOUNDS BOOST HALLIBURTON’S QUARTERLY PROFIT, DIVIDEND

HALLIBURTON DOUBLES QUARTERLY PROFIT, BOOSTS DIVIDEND AS OIL REBOUNDS
Halliburton said its company’s fourth-quarter adjusted profit doubled from a year earlier, on Monday, beating analysts’ forecasts and prompting the oilfield...

DANGER OF RUSSIA-UKRAINE CONFLICT ON GLOBAL MARKETS

A potential invasion of Ukraine by neighbouring Russia would be felt across a number of markets, from wheat and energy prices and the...
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