Research and consulting firm Wood Mackenzie Ltd. has slashed $50 billion from its oil and gas capital investment forecast for Norway during 2016-20, reflecting the deferral or scrapping of more than 10 projects. Source: News
BHI: Oil rigs lift overall US rig count
Entirely comprising oil-directed units, the US drilling rig count increased by 10 during the week ended Aug. 19, according to data from Baker Hughes Inc. Source: News
Timor Gap arbitration begins in The Hague
The long-running dispute between Australia and Timor Leste concerning maritime boundaries in the Timor Sea is being played out in the Permanent Court of Arbitration in The Hague starting Aug. 29. Source: News
29 Aug 2016 11:05:55 EDT – The latest stock information is now available for your stocks
XOM Last 87.7601 Change +0.4901 % Change 0.56% Volume 1,475,115 As of: 29 Aug 2016 11:05:55 EDT View: Stock Quote | News CVX Last 101.66 Change +0.34 % Change 0.34% Volume 1,040,338 As of: 29 Aug 2016 11:05:55 EDT View: Stock Quote | News COP Last 42.3 Change unch % […]
Statoil cuts Johan Sverdrup spending, boosts output expectations
Statoil ASA said it has cut its planned spending on Johan Sverdrup field in the North Sea to ensure profitability even if oil prices were to fall drastically. Statoil also forecast as much as a 40% increase in initial daily production capacity. Source: News
MARKET WATCH: NYMEX oil price ended week above $47.60/bbl
The light, sweet crude oil price for October delivery gained modestly on Aug. 26 to settle above $47.60/bbl on the New York market upon uncertainty about a possible increase in US interest rates. But crude prices fell in early trading Aug. 29. Source: News
Midterm market moves
Market change threatens to undermine important work starting in the US on vehicle fuel economy and greenhouse-gas (GHG) emissions. The gasoline market has defied expectations in place when Congress created corporate average fuel economy (CAFE) standards a generation ago. It probably will defy expectations underlying decisions made now. Source: News
Powering the people
If you’re a US voter still stymied by the choice of which candidate will receive your coveted vote on Nov. 8 for the nation’s highest office, you might take comfort in knowing that the presidential election field has just increased by one. That is, of course, if you first accept as fact the announcement made […]
29 Aug 2016 10:08:14 EDT – The latest stock information is now available for your stocks
XOM Last 87.69 Change +0.42 % Change 0.48% Volume 793,789 As of: 29 Aug 2016 10:08:14 EDT View: Stock Quote | News CVX Last 101.64 Change +0.32 % Change 0.32% Volume 420,940 As of: 29 Aug 2016 10:08:14 EDT View: Stock Quote | News COP Last 42.38 Change +0.08 % […]
Vice-presidents shift, add duties at Plains All American
Mark Gorman, Dan Nerbonne, Phil Smith, and Dwayne Koehn have each either been promoted or assumed additional responsibilities at Plains All American Pipeline LP. Source: News