Tag Archive

Shale Slowdown Affects U.S. Oil & Gas Jobs

Shale Slowdown Affects U.S. Oil & Gas Jobs

September 16, 2019 No Comments

The US economy is rapidly deteriorating and currently experiencing a growth rate cycle downturn in employment, industrials, and inflation. One reason for the slowdown could be due to the oil and gas industry. Reuters reports oil and gas employment has declined as producers and service firms quickly cut back on operations due to a sharp […]

Kvaerner aims to diversify into new business areas

Kvaerner aims to diversify into new business areas

September 16, 2019 No Comments

Kvaerner establishes two new focus areas to grow its operations within both oil and gas projects and in renewable industries. With the new focus areas, the group is aiming for around 40 per cent growth within a few years, compared to revenues in 2018. The company will continue to be a main contractor that creates […]

NNPC, Navy to Deepen Collaboration to Stem Crude Oil Theft

NNPC, Navy to Deepen Collaboration to Stem Crude Oil Theft

September 9, 2019 No Comments

Nigerian National Petroleum Corporation (NNPC) and the Nigerian Navy have pledged to deepen collaboration to tackle the menace of crude oil theft and attacks on oil and gas facilities. The two organisations came to the resolution when the NNPC GMD, Mallam Mele Kyari paid a courtesy visit to the Chief of Naval Staff, Vice Admiral […]

Man told to remove his pro-oil and gas shirt during Senate tour

Man told to remove his pro-oil and gas shirt during Senate tour

September 6, 2019 No Comments

A Calgary man on a recent tour of the Senate was told to remove a shirt that displayed his support for the oil and gas industry. William Lacey, a chief financial officer for Steelhead Petroleum Ltd., wore a shirt said “I (heart) (maple leaf) OIL & GAS” during a tour of the Senate over the […]

Exxon Agrees $4 Billion Sale Of 20 Oil And Gas Assets In Norway

Exxon Agrees $4 Billion Sale Of 20 Oil And Gas Assets In Norway

September 6, 2019 No Comments

Exxon has agreed to sell off its oil and gas assets in Norway in a $4 billion deal, Reuters sources familiar with the matter said on Thursday, in what will mark an end to its long presence in Norway’s upstream sector. Exxon is selling its minority-held stages in 20 fields, currently operated by Equinor and […]

CNOOC Report Surge in Net Profit

CNOOC Report Surge in Net Profit

September 2, 2019 No Comments

CNOOC Limited (the “Company”, SEHK: 00883, NYSE: CEO, TSX: CNU) announced its 2019 interim results for the six months ended June 30, 2019. CNOOC Limited devoted efforts in exploration and development activities during the first half of 2019 through a pragmatic and enterprising approach, and successfully increased oil and gas reserves and production levels. The […]

U.S. To “Drown The World” In Oil

U.S. To “Drown The World” In Oil

August 23, 2019 No Comments

The U.S. could “drown the world in oil” over the next decade, which, according to Global Witness, would “spell disaster” for the world’s attempts to address climate change.  The U.S. is set to account for 61 percent of all new oil and gas production over the next decade. A recent report from this organization says that to […]

Occidental Announces 2nd Quarter 2019 Results

Occidental Announces 2nd Quarter 2019 Results

August 1, 2019 No Comments

Occidental Petroleum Corporation (NYSE:OXY) today announced net and core income for the second quarter of 2019 of $635 million, or $0.84 per diluted share, and $729 million, or $0.97 per diluted share, respectively. Net and core income for the first quarter of 2019 were $631 million, or $0.84 per diluted share. Second quarter pre-tax non-core […]

Reform before we invest – U.S. firms tell Nigeria oil and gas sector

Reform before we invest – U.S. firms tell Nigeria oil and gas sector

July 30, 2019 No Comments

Nigeria could attract more U.S. investment if the oil and gas sector becomes less opaque and a fuel-price peg is removed, according to a U.S. official. “Nigeria needs to think strategically about what is going to make it a more attractive destination,” Brent Omdahl, commercial counselor at the U.S. Department of Commerce, said in an […]

SEPLAT release Consolidated Half-Yearly Financial Results

SEPLAT release Consolidated Half-Yearly Financial Results

July 30, 2019 No Comments

Seplat Petroleum Development Company Plc (“Seplat” or the “Company”), today announces its consolidated half-yearly financial results for the period ended 30 June 2019 and provides an operational update. Information contained within this release is un-audited and is subject to further review. Details of the Webcast and conference call are set out on page seven of […]

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