Hints and tips:
...Analysts warn current oil prices could start to put financial pressure on some producers, especially after oilfield services inflation raised their so-called “break-even” price, the level they need to cover...
...of the timing or size of the float but said in a statement on Tuesday that the cash raised would help it become a “key player in providing energy security to the UK”, at a time when cuts in Russian gas supplies...
...“Our strategy is driven by the important role that low-cost, sustainable North America energy supply will play in meeting growing global demand.”...
...And renaming a fund to hoover up ESG money has caught the eye of regulators....
...The four countries have now dovetailed their initiative with that of the commission, in part in response to concerns in other EU states that the quartet would hoover up supplies, European officials said....
...the Rocky Mountains and Gulf Coast, is the fifth big oil and gas producer to seek bankruptcy protection following a crash caused by coronavirus destroying demand and a Saudi-Russia price war that sent supply...
...A version of this article was first published by the Nikkei Asian Review on November 01. ©2019 Nikkei Inc. All rights reserved....
...The unblended crude is tapped from pipelines running straight from oilfields in west Texas’s Permian Basin, according to the exchange company....
...But executives say the pain is likely to be spread out along the supply chain, from consumers at one end to Chinese factories at the other....
...Take rubbish collection in the US, which over time became concentrated under the most efficient operator, the late Wayne Huizenga’s Waste Management Inc....
...oil groups keen to diversify their supply chain beyond Wood and Amec....
...The market is concerned about whether efforts by Opec, the producers’ cartel, to tackle a supply glut by curbing output will be undermined by reinvigorated US shale companies....
...EnQuest last month agreed to buy a 25 per cent stake in the mature Magnus oilfield in the North Sea from BP....
...Kurdish oil, at least that in the group’s main Taq Taq oilfield, is also running out, almost literally....
...Oil watchers obsess over the “rig count” statistics released each Friday by Baker Hughes, an oilfield services company. The tally is a good indication of oil companies’ intentions to expand supply....
...Dave Lesar, chief executive of Halliburton, the oilfield services group, argued last month that its businesses serving US shale producers “will likely be the first and deepest beneficiary of growing supply...
...It has been a tough year for megadeals, with a planned merger between oilfield services companies Halliburton and Baker Hughes sunk by regulators who sued in an attempt to stop the deal....
...A $28bn planned merger between oilfield services companies Halliburton and Baker Hughes was sunk by regulators who sued in an attempt to stop the deal....
...Petrodollars that poured in from Kazakhstan’s Caspian oilfields went astray....
...For its part, the Weather Co already supplies information to airlines and utilities, the types of company that have a critical interest in knowing where and when extreme conditions will occur....
...But others — including the oil producers, miners and agricultural companies — have endured an almost uniformly miserable year, because of a persistent supply glut that has weighed on prices....
...The prospect of tighter supply in the future is laying the foundations for a recovery in oil prices, and companies that have cut costs will be well-placed to benefit....
...After an Opec meeting last week ended in chaos, hopes were dashed that a glut of supply will start to ease any time soon....
...The IEA expects a 600,000 b/d decline as oil from US shale oilfields, the driver of non-Opec growth, begins to retrench....
...Ronit Ghose, banks analyst at Citi, describes the “fragmented” savings market in the US, where mutual and money market funds hoover up funds that would once have found their way into the banking system....
International Edition