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Tag Archives: Rigzone

Oil Jumps Most in Six Weeks  | Rigzone

by  Bloomberg | Jacquelyn Melinek | Friday, November 01, 2019 Oil rises the most in six weeks on upbeat U.S. jobs data and Chinese manufacturing figures, but persistent trade-war concerns kept prices down on the week. (Bloomberg) — Oil rose the most in six weeks on upbeat U.S. jobs data …

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US Rig Count Drops by Eight  | Rigzone

by  Valerie Jones | Rigzone Staff | Friday, November 01, 2019 The nation dropped five oil rigs and three gas rigs for a net loss of eight rigs, according to weekly data from Baker Hughes Co. The U.S. rig count has declined for its third consecutive week. The nation dropped …

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OPEC Output Bounces Back Amid Saudi Arabia Recovery  | Rigzone

by  Bloomberg | Salma El Wardany | Friday, November 01, 2019 OPEC’s oil production rebounded in October from an eight-year low as Saudi Arabia swiftly recovered from an attack on its biggest crude-processing plant. (Bloomberg) — OPEC’s oil production rebounded in October from an eight-year low as Saudi Arabia swiftly …

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US Gains 400 Upstream Jobs in October  | Rigzone

by  Valerie Jones | Rigzone Staff | Friday, November 01, 2019 The U.S. saw slights employment gains in both oil and gas extraction and support activities for mining, according to the BLS’ job report. The U.S. saw some gains – albeit slight – for upstream oil and gas employment in …

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Apache Progresses High Volume North Sea Wells  | Rigzone

by  Andreas Exarheas | Rigzone Staff | Friday, November 01, 2019 Apache Corporation is nearing first production from two new ‘high-volume’ North Sea wells. Apache Corporation has revealed that it is nearing first production from two new “high-volume” North Sea wells. The company said it expects to bring its first …

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China LNG Sees Imports Slide for First Time in 3 Years  | Rigzone

by  Bloomberg | Stephen Stapczynski | Friday, November 01, 2019 China’s imports of liquefied natural gas are poised to drop for the first time in more than three years as buyers grapple with an outage at a key receiving terminal and hefty stockpiles. (Bloomberg) — China’s imports of liquefied natural …

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Chevron Misses Profit Estimate  | Rigzone

by  Bloomberg | Kevin Crowley | Friday, November 01, 2019 Chevron Corp.’s third-quarter earnings missed estimates, making it the only oil major to fall short of analysts’ predictions. (Bloomberg) — Chevron Corp.’s third-quarter earnings missed estimates, making it the only oil major to fall short of analysts’ predictions, after reporting …

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Aker Drops After More Ghana Oil Delays  | Rigzone

by  Bloomberg | Mikael Holter | Friday, November 01, 2019 Billionaire Kjell Inge Rokke’s Aker ASA dropped the most in 2 1/2 months after saying its oil venture in Ghana is facing more delays due to regulatory challenges. (Bloomberg) — Billionaire Kjell Inge Rokke’s Aker ASA dropped the most in …

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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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