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June 12, 2021

Oil & Gas Drilling (TRBC level 4)

Brazil’s Petrobras, government agree on rules for potential Sepia, Atapu sale

Reuters
FILE PHOTO: The Petrobras logo is seen in front of the company’s headquarters in Sao Paulo April 23, 2015. REUTERS/Paulo Whitaker/File Photo RIO DE JANEIRO (Reuters) – The board of Brazilian state-run oil company Petrobras has approved an agreement with the government regarding the compensation that must be paid to......

Oil companies defeat New York City appeal over global warming

Reuters
FILE PHOTO: Ice lines the shoreline of the Hudson River as the New York City skyline is seen from Jersey City, New Jersey January 10, 2014. REUTERS/Brendan McDermid /File Photo NEW YORK (Reuters) -A federal appeals court on Thursday rejected New York City’s effort to hold five major oil companies......

Exxon Mobil signals better first-quarter earnings as oil prices climb

Reuters
FILE PHOTO: An Exxon sign is seen at a gas station in the Chicago suburb of Norridge, Illinois, U.S., October 27, 2016. REUTERS/Jim Young/File Photo (Reuters) – Exxon Mobil Corp expects rising first-quarter results across its three major businesses, with an at least $2 billion improvement from prices for oil......

Saudi Aramco to cut capital expenditure, reports 44.4% drop in profit for 2020

Reuters
By Hadeel Al Sayegh, Saeed Azhar FILE PHOTO: An employee rides a bicycle next to oil tanks at Saudi Aramco oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo DUBAI (Reuters) – Saudi Arabian state oil giant Aramco said on Sunday it expects to cut capital expenditure......

Senators float a price on methane to curb U.S. oil, gas emissions

Reuters
WASHINGTON (Reuters) – Three Democratic U.S. senators on Tuesday floated a bill that would take a new approach to curbing emissions from methane from oil and gas production – putting a price on it. Senators Sheldon Whitehouse, Cory Booker and Brian Schatz introduced the Methane Emissions Reduction Act, which directs......

RPT-COLUMN-Oil risks overheating after OPEC+ leaves output unchanged: Kemp

Reuters
(Repeats March 5 story with no change to text. John Kemp is a Reuters market analyst. The views expressed are his own.) * Chartbook: tmsnrt.rs/3kMuhS1 * OPEC in its own words: tmsnrt.rs/3kLLhYD LONDON, March 5 (Reuters) – By deciding to leave production unchanged for another month at its meeting on......

NYSE starts move to delist Chinese state oil producer CNOOC

Reuters
FILE PHOTO: Logos of China National Offshore Oil Corporation (CNOOC) are displayed at a news conference on the company’s interim results in Hong Kong, China, March 23, 2017. REUTERS/Bobby Yip (Reuters) – The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC......

Petrobras gets single offer from SBM for Mero 4 oil platform – sources

Reuters
A man walks past the headquarters of Brazilian oil company Petrobras in Rio de Janeiro, Brazil, February 22, 2021. REUTERS/Ricardo Moraes RIO DE JANEIRO (Reuters) – Brazil’s state-controlled oil company Petrobras received only one proposal, from Holland’s SBM Offshore, in a bid to contract construction of the Mero 4 oil......

Occidental Petroleum expects temporary impact from winter storms

Reuters
FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid (Reuters) – The impact of severe winter storms in Texas last week that shuttered oil production in the top......

Brazil’s Petrobras executive management in talks on possible mass resignation – sources

Reuters
A worker checks the fuel volumes on a train wagon near a tank of Brazil’s state-run Petrobras oil company in Brasilia, Brazil, February 19, 2021. REUTERS/Ueslei Marcelino RIO DE JANEIRO (Reuters) – Petroleo Brasileiro SA’s executive management is considering resigning en masse after the Brazilian government decided to replace Chief......

Bolsonaro says nominating replacement for Petrobras CEO

Reuters
FILE PHOTO: A man walks past the headquarters of Brazilian oil company Petrobras in Rio de Janeiro, Brazil, September 10, 2020. REUTERS/Ricardo Moraes SAO PAULO (Reuters) – Brazil’s government has decided to nominate Joaquim Silva e Luna as the next chief executive of state-controlled oil company Petrobras, according to a......

Chesapeake Energy emerges from bankruptcy and shifts back to natural gas

Reuters
HOUSTON (Reuters) – U.S. shale producer Chesapeake Energy Corp on Tuesday exited Chapter 11 bankruptcy with business plan that nods to its founders’ emphasis on natural gas after a recent push into crude oil. FILE PHOTO: Chesapeake Energy Corporation’s 50 acre campus is seen in Oklahoma City, Oklahoma, on April......

Petrobras fuel pricing policy sparks fresh investor concerns

Reuters
RIO DE JANEIRO (Reuters) – Shares in Brazil’s Petrobras fell on Monday amid concerns from some investors and analysts about potential political interference in the state-controlled oil company’s domestic fuel pricing policy. FILE PHOTO: A logo of Brazil’s state-run Petrobras oil company is seen at its headquarters in Rio de......

Hedge funds bet on oil’s ‘big comeback’ after pandemic hobbles producers

Reuters
By Maiya Keidan, Rod Nickel TORONTO (Reuters) – Hedge funds are turning bullish on oil once again, betting the pandemic and investors’ environmental focus has severely damaged companies’ ability to ramp up production. FILE PHOTO: The sun is seen behind a crude oil pump jack in the Permian Basin in......

OPEC crude output cuts should help U.S. shale profits in 2021

Reuters
HOUSTON (Reuters) – A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. FILE PHOTO: A Marathon......

OPEC crude output cuts should help U.S. shale profits in 2021

Reuters
HOUSTON, Jan 10 (Reuters) – A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. U.S. crude......

UPDATE 1-UK Stocks-Factors to watch on Jan. 7 – Reuters UK

Reuters
UPDATE 1-UK Stocks-Factors to watch on Jan. 7 Reuters UK Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...

Breakingviews – Big Oil will cash in on sun and wind

Reuters
The silhouette of a child walking at New Brighton beach is seen with the Burbo Bank wind farm behind before sunset, following the outbreak of the coronavirus disease (COVID-19), in New Brighton, Britain, May 5, 2020. LONDON (Reuters Breakingviews) – The sun will come out tomorrow for oil titans. Even......

Breakingviews – Robots drive Hyundai from humdrum to high tech

Reuters
A boy in a stroller reacts to Boston Dynamics’ four-legged robot Spot during its demonstration at Tokyo Robot Collection, Japan September 18, 2020. HONG KONG (Reuters Breakingviews) – Hyundai Motor Group has gained a new high-tech best friend. The South Korean conglomerate and its chairman will take control of Boston......

Australia to bring forward subsidy payment to keep refineries open

Reuters
SYDNEY, Dec 14 (Reuters) – Australia will bring forward by six months a subsidy payment designed to support the country’s four refineries to help tide over the financial hit from the coronavirus pandemic, Energy Minister Angus Taylor said on Monday. Australia’s local refineries are reeling from a slump in demand......

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