The current LNG crisis has opened the door for Mexico to export some excess natural gas. This news also gives Mexico the incentive to target…
Business
You can add some category description here.
Brazil hopes to be the world’s fifth-largest oil exporter by 2030 – Brazil Energy Minister
According to Brazil’s Energy Minister, The Country hopes to be the fifth-largest oil exporter by 2030. “In 2030, when we reach a production of 5.3…
Russian oil company agreed to acquire a 50% operator stake offshore Mexico.
Russia’s Lukoil joins Mexican shallow-water project Area 4 The acquisition adds to its involvement in blocks 10, 12, 14, 28 and Amatitlan in Mexico, which…
Shell to consider the sale of it’s largest U.S. oil field in Texas
According to reports, Shell will consider selling its Permian assets in Texas to focus on the more profitable ones. Shell has about 260,000 acres in…
Posable flashpoint is developing in the Middle East with Iran
Further details here regarding the ongoing oil shipments to Syria. Iran tankers with 3M barrels of crude oil head to Syria. Iran is defying the…
US Drilling Rig Count Hits a 10 Month High
US Rig count top 400 at 402, highest since May 2020 According to reports, drilling is picking up quickly and Texas seems to be the…
Texas billionaires Dan and Farris Wilks got a $35 million coronavirus relief loan, thanks to Ted Cruz
Another day at the Office for Ted. Rafael Edward Cruz, the Junior United States Senator for Texas, convinced the trump admin to give $35m in…
Texas looks to be a Diversified Energy Producing State
Texas is the #1 energy consumer in the country and its economy and growth are dependent on reliable, secure and sustainable power. Abundant resources, an…
Wood Mackenzie: The coming crash of liquefied natural gas
Global energy transition goals could threaten more than two-thirds of the world’s supply of liquefied natural gas
Saudi Aramco’s net profit plummeted nearly 45%
Weak oil demand in the third quarter hit Saudi Aramco’s net profits. According to reports, Saudi Aramco’s third-quarter results announced on the same day showed that…
West Texas Intermediate crude slipped $3.19, or 8%, to trade at $36.60
Crude oil continues it’s schizophrenia moves during today’s trading session after reports of weakness in the post Coronavirus world. The list below is today’s top…
Liberty Frac is going to get a whole lot bigger
Liberty Oilfield Services Inc. and Schlumberger announced an agreement for the sale of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada, including…
Halliburton goes on survival mode – slash quarterly dividend
Halliburton Company recently announced that the board of directors decided to slash quarterly dividend for the second quarter of 2020 by 75%. Cutting spending again….
Earnings Report & Marathon Oil (MRO) laid off 16% of its workforce
Marathon Oil (MRO) missed views and laid off 16% of its workforce, while halting dividend payments and buybacks. It also cut its 2020 capital spending…