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Tag Archives: gas and electric

Giant Offshore Brazil Oil Discovery May Be Expensive for Exxon  | Rigzone

by  Bloomberg | Peter Millard | Friday, November 01, 2019 Exxon Mobil Corp. could take a pass on what it considers the world’s top deepwater oil discovery when Brazil puts the giant Buzios field up for auction next week. (Bloomberg) — Exxon Mobil Corp. could take a pass on what …

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Exxon Posts 49 Percent Profit Loss in 3Q  | Rigzone

by  Valerie Jones | Rigzone Staff | Friday, November 01, 2019 ExxonMobil Corp. reported $3.17 billion in profits in the third quarter, nearly half of its profit from one year ago, according to the company’s third quarter earnings statement. ExxonMobil Corp. reported $3.17 billion in profits in the third quarter, …

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Oil and Gas Sees Widescale VR Deployment  | Rigzone

by  Andreas Exarheas | Rigzone Staff | Friday, November 01, 2019 The oil and gas industry is witnessing wide-scale deployment of virtual reality technology across its value chain, according to GlobalData. The oil and gas industry is witnessing wide-scale deployment of virtual reality (VR) technology across its value chain. That’s …

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LoanDepot Mortgage Lender Review | Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports

Overview In an industry of financial giants, loanDepot is something of a new kid on the block. It’s only been around since 2010. In that time, though, loanDepot has grown to become the fourth-largest mortgage lender in the U.S. It’s known for deploying innovative mortgage technologies …

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Oil Set for Biggest Weekly Loss in a Month  | Rigzone

| Friday, November 01, 2019 Oil headed for its biggest weekly loss in a month as swelling American stockpiles and renewed doubts over a long-term trade deal between the U.S. and China suggested supply will keep outpacing demand. (Bloomberg) — Oil headed for its biggest weekly loss in a month …

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Oil Prices Settle Lower Amid Demand Fears  | Rigzone

by  Matthew V. Veazey | Rigzone Staff | Thursday, October 31, 2019 WTI and Brent crude oil prices finished lower Thursday amid negative signs about the direction of the U.S. economy and U.S.-China trade pessimism. West Texas Intermediate (WTI) and Brent crude oil prices finished lower Thursday amid negative signs …

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Climate Change With Us Forever More  | Rigzone

by  Bloomberg | Erik Larson | Thursday, October 31, 2019 Ex-Exxon Mobil CEO Rex Tillerson took the witness stand and explained that the company knew for years how climate change was a significant threat to the world. (Bloomberg) — It’s rare for a current or former leader of one of …

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Weatherford Reports $821MM 3Q Loss  | Rigzone

by  Valerie Jones | Rigzone Staff | Thursday, October 31, 2019 Struggling oilfield services company Weatherford International had a loss of $821 million in third quarter of 2019. Struggling oilfield services company Weatherford International had a loss of $821 million in third quarter of 2019. In an Oct. 30 filing …

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Marathon Petroleum to Spin Off Retail Unit  | Rigzone

by  Bloomberg | David Wethe | Thursday, October 31, 2019 Marathon Petroleum buckled under pressure from activist investors and announced the spinoff of its retail fuel-station business and the departure of CEO Gary Heminger. (Bloomberg) — Marathon Petroleum Corp. buckled under pressure from activist investors and announced the spinoff of …

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Seaway Eyes Pipeline Expansion  | Rigzone

by  Matthew V. Veazey | Rigzone Staff | Thursday, October 31, 2019 The Enterprise-Enbridge JV may add 200,000 bpd of light crude capacity to the pipeline system. Seaway Crude Pipeline Co. LLC may add 200,000 barrels per day (bpd) of light crude capacity on its oil pipeline extending from Cushing, …

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