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Reliance to start gas production from MJ field in Oct-Dec 2022   Jul 25, 2021
Reliance Industries Ltd (RIL) will start natural gas production from MJ field - the third and the last set of discoveries that the firm is developing in the eastern offshore KG-D6 block - in the last quarter of 2022 to raise overall output by about two-thirds. Yahoo Finance  

Middle East Oil Giants Grapple With Cyberattacks   Jul 24, 2021
The latest data breach that affected Saudi Aramco is another example of how hackers are targeting vulnerable, but vital, Middle East oil and gas operations OilPrice  

OPEC+ agrees to boost oil supply to ease prices   Jul 24, 2021
[AUDIO ONLY] OPEC+ ministers agreed on Sunday to boost oil supply beginning in August to cool prices which have climbed to 2-1/2 year highs as the global economy recovers from the coronavirus pandemic. Reuters  

Could The The New Zealand Refining Company Limited (NZSE:NZR) Ownership Structure Tell Us Something Useful?   Jul 24, 2021
A look at the shareholders of The New Zealand Refining Company Limited ( NZSE:NZR ) can tell us which group is YAHOO!Finance  

Wall Street surges to all-time closing high on earnings, economic revival   Jul 23, 2021
Wall Street gained ground for the fourth straight session on Friday, extending a rally that pushed all three major U.S. stock indexes to record closing highs as upbeat earnings and signs of economic revival fueled investor risk appetite. Reuters  

Natural Gas Weekly Price Forecast – Natural Gas Break Psychological Barrier   Jul 23, 2021
The natural gas markets shot straight up in the air during the course of the week, clearing the $4.00 level during the trading session on Friday. YAHOO!Finance  

Collecting Fees from Pipeline Favorites   Jul 23, 2021
Current macroeconomic factors make a strong case for surging prices and demand for commodities, particularly oil and gas, asserts Rida Morwa, editor of High Dividend Opportunities. YAHOO!Finance  

How a hedge fund is forcing change at ExxonMobil   Jul 23, 2021
It's, to put it mildly, a rarity for any VC—let alone one at an unknown hedge fund—to step in and upend the board of one of the world's biggest companies. But in May, that's exactly what happened at Exxon Mobil, YAHOO!Finance  

World’s Largest Oil Trader Pays Billions To Execs, Staff   Jul 23, 2021
While oil and gas companies floundered as oil demand tanked and lockdowns ensued, oil traders such as Vitol Group made a killing OilPrice  

Drilling activity more than doubles last year's record lows   Jul 23, 2021
Drilling activity remains well below peaks seen in 2011-14, but activity continues to recover from last year’s record lows, supported by continued strength in commodity prices. Oilfield services firm Baker Hughes and data analytics firm Enverus reported Friday the US rig count rose seven rigs to 491, Houston Chronicle  

Westcoast Energy Declares Dividend   Jul 23, 2021
Enbridge Inc. (TSX: ENB) (NYSE: ENB) (Enbridge or the Company), announced today that Westcoast Energy Inc. declared the following quarterly dividend: YAHOO!Finance  

Transocean Ltd. Announces Second Quarter 2021 Earnings Release Date   Jul 23, 2021
Transocean Ltd. (NYSE: RIG) announced today that it will report earnings for the second quarter of 2021 after markets close on Monday, August 2, 2021. The company will conduct a teleconference to discuss the results starting at 9 a. Yahoo Finance  

Helix Appoints T. Mitch Little as New Director   Jul 23, 2021
Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) announced today that its Board of Directors has appointed T. Mitch Little as a new director. YAHOO!Finance  

Oil Ekes Out Weekly Gain as Demand Rebound Offsets Virus Fears   Jul 23, 2021
Oil squeezed out its first weekly gain in three on signs that global demand is holding up despite concerns that the renewed spread of the virus could stall the recovery. Futures in New York rose 0.2% this week, YAHOO!Finance  

Pressure Ahead of Robinhood's IPO; Exxon's Cube Gamble: Podcast   Jul 23, 2021
In this week's broadcast featuring Bloomberg Intelligence analysts and their research, Julie Chariell and Larry Tabb team up to explain Robinhood's risk from falling volume of payments for order flow ahead of its IPO. Bloomberg  

UPDATE 8-Oil edges up in weekly rebound on forecasts for tight supplies   Jul 23, 2021
Market to remain tight despite OPEC+ supply boost -analysts * U.S. oil rigs rise for 4th week but drilling recovery modest (Adds Baker Hughes data, updates to settlement) NEW YORK, July 23 (Reuters) - Oil prices edged higher on Friday and for the week after a strong recovery from Monday’s steep slide, Reuters  

Oil Prices Recover After Manic Monday   Jul 23, 2021
Oil prices look set to close out the week relatively unchanged despite a major crash on Monday following the OPEC+ agreement to increase production OilPrice  

U.S. drillers add oil and gas rigs for fourth week in a row -Baker Hughes   Jul 23, 2021
read more Energy services firms are benefiting from a resumption of drilling driven by rising crude prices, and Schlumberger (SLB.N) and Halliburton (HAL.N) this week delivered a bullish outlook for the oil industry recovery. But U.S. oil output may not ... Reuters  

U.S. Rig Count Climbs As Oil Prices Recoup Losses   Jul 23, 2021
The number of oil and gas rigs in the United States is up 7 this week, as drillers feel confident that global crude supply remains tight in the short term OilPrice  

US STOCKS-Wall Street extends rally, S&P, Nasdaq on course for record closing highs   Jul 23, 2021
NEW YORK, July 23 (Reuters) - Wall Street rallied for the fourth consecutive session on Friday, with the S&P 500 and the Nasdaq on track for record closing highs as upbeat earnings put investors in a buying mood. Reuters  

Enbridge: Anchor in Straits of Mackinac will be recovered   Jul 23, 2021
An anchor will be recovered from the bottom of the Straits of Mackinac after it became detached from a cable during maintenance of an oil pipeline, Enbridge Energy said Friday. Associated Press  

Suncor (SU) to Report Q2 Earnings: Here's What to Expect   Jul 23, 2021
Suncor's (SU) improved average oil sands sales volumes in Q2 are expected to have aided the company's second-quarter revenues and cash flows. YAHOO!Finance  

Natural Gas Price Forecast – Natural Gas Markets Break Large Figure   Jul 23, 2021
The natural gas markets have rallied again during the trading session on Friday to clear the $4.00 level and looking very much to the upside at this point. YAHOO!Finance  

Oil Steadies Above $71 With Demand Holding Up During Virus Surge   Jul 23, 2021
Oil is poised to end the week close to where it started, having recouped most of a rout on Monday on signs global demand is holding up despite the spreading virus.Futures in New York held steady above $71 a barrel on Friday, YAHOO!Finance  

MEG Energy boosts 2021 production guidance on strong six months and Q2 profits   Jul 23, 2021
MEG Energy Corp. boosted its full-year production guidance after reporting $68 million in net profits in the second quarter on a near doubling of revenues. The Calgary-based company earned 22 cents per diluted share, Yahoo Finance  

Exclusive-PDVSA creditors target $600 million in Portugal bank account -documents, source   Jul 23, 2021
Creditors of Venezuelan state oil company PDVSA are targeting funds held in the firm's accounts at Portugal's Novo Banco in an effort to collect hundreds of millions of dollars in unpaid debts. Reuters  

Proxy firm Glass Lewis joins ISS in backing Brookfield's bid for Inter Pipeline   Jul 23, 2021
Brookfield Infrastructure Partners said on Friday proxy advisory company Glass Lewis has backed Brookfield's offer for Inter Pipeline Ltd over a rival bid from Pembina Pipeline Corp. Reuters  

Clash Of the Energy Titans: Oil vs. Solar   Jul 23, 2021
The war between the oil and gas industry and renewables has been raging for years—but this time the battle is a literal one, over land OilPrice  

Sundyne Appoints Mary Zappone Chief Executive Officer (CEO)   Jul 23, 2021
Sundyne, a global leader in the design and manufacture of mission critical pumps & compressors, today announced that Mary Zappone has joined the company as Chief Executive Officer (CEO), effective July 21, YAHOO!Finance  

U.S. weighs crackdown on China's import of Iranian oil   Jul 23, 2021
The United States is considering cracking down on Iranian oil sales to China as it braces for the possibility that Tehran may not return to nuclear talks or may adopt a harder line whenever it does, a U. Yahoo Finance  

India's Reliance revenue rises 58% as oil and gas business recovers   Jul 23, 2021
The logo of Reliance Industries is pictured in a stall at the Vibrant Gujarat Global Trade Show at Gandhinagar, India, January 17, 2019. REUTERS/Amit Dave Reuters  

Schlumberger's profit beats forecast as margins soar on revenue gains   Jul 23, 2021
Oilfield services giant Schlumberger NV issued a bullish forecast for 2021 on Friday as second-quarter profit topped estimates due to surging margins, with a rebound in oil prices boosting demand for its software and equipment. Yahoo Finance  

Deadly Typhoon Threatens Strategic Chinese Oil Hub   Jul 23, 2021
The In-fa typhoon, which caused devastating flooding in parts of China this week—claiming at least 33 lives—is expected to make landfall this weekend in a key area hosting some of the largest Chinese OilPrice  

FBI: China Is Behind Past Oil & Gas Pipeline Cyberattacks   Jul 23, 2021
State-sponsored Chinese actors targeted U.S. oil and gas pipeline companies in a spearphishing and intrusion campaign between 2011 and 2013 according to FBI investigators OilPrice  

Disney Cruise Line to resume sailing from U.S. ports next month   Jul 23, 2021
A screen shows the logo and a ticker symbol for The Walt Disney Company on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 14, 2017. REUTERS/Brendan McDermid/Fi Reuters  

GM issues new recall for nearly 69,000 Bolt EVs for fire risks   Jul 23, 2021
The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/File Photo/File Photo Reuters  

India's Reliance quarterly profit falls as expenses weigh   Jul 23, 2021
Indian oil-to-telecom conglomerate Reliance Industries Ltd posted a 7.2% fall in first-quarter profit on Friday, hurt by a surge in expenses. The company, led by billionaire Mukesh Ambani, said consolidated profit fell to 122. YAHOO!Finance  

Shell (RDS.A) to Appeal Against Court's Climate Target Decision   Jul 23, 2021
Shell (RDS.A) decides to appeal against the Dutch court's decision as it believes that a court judgment against a single company is not effective. YAHOO!Finance  

China Could See Slowest Oil Import Growth In Two Decades   Jul 23, 2021
High oil prices and China’s crackdown on the use of oil import quotas could result in the lowest crude oil import growth at the world’s top oil importer since 2001 OilPrice  

Climate Activist Investors Pressure Big Oil: What's Next?   Jul 23, 2021
A major shift is taking shape in the US oil and gas industry. Oil giants ExxonMobil and Chevron are facing shareholder rebellions led by climate activists over the companies' perceived failures to set a clear business strategy for a low carbon future. Yahoo Finance  

Gas, diesel, heating oil prices fall on P.E.I.   Jul 23, 2021
The price of gas eased off of near historic highs on P.E.I. Friday. The change was part of the regular, weekly review of prices from the Island Regulatory and Appeals Commission. The minimum cost of a litre of self-serve regular gasoline dropped 2.  

Bluebird Botanicals Acquires Precision Botanical and Receives Growth Investment from Juggernaut ...   Jul 23, 2021
Bluebird Botanicals (“Bluebird” or the “Company”), a leading manufacturer and distributor of high-quality hemp CBD products, today announced the acquisition of Precision Botanical (“Precision”), a science-driven CBD brand that is committed to providing purity, Associated Press  

Certus Oil and Gas Inc. Announces Acquisition of Sitka Exploration Ltd.   Jul 23, 2021
Certus Oil and Gas Inc. ("Certus" or the "Company") is pleased to announce the corporate acquisition of Sitka Exploration Ltd ("Sitka"), effective July 16th, 2021.The acquisition adds 5,000 boe/d to the Company's existing production base, Yahoo Finance  

India's gas production jumps 19.5% in June on back of KG-D6   Jul 23, 2021
India's natural gas production jumped 19.5 per cent in June, as Reliance Industries Ltd and its partner BP Plc ramped up output from their eastern offshore KG-D6 block, government data released on Friday showed. Yahoo Finance  

Oil Giant Vitol Hands Record $2.9 Billion Payout to Its Traders   Jul 23, 2021
Vitol Group has paid a record $2.9 billion to its executives and staff through share buybacks so far this year after the world’s largest independent oil trader notched up its best ever results in 2020. Yahoo Finance  

Oasis Petroleum (OAS) Sees Hammer Chart Pattern: Time to Buy?   Jul 23, 2021
Oasis Petroleum Inc. OAS has been struggling lately, but the selling pressure may be coming to an end soon. That is because OAS recently saw a Hammer Chart Pattern which can signal that the stock is nearing a bottom. YAHOO!Finance  

REE Automotive Will Open its U.S. Headquarters and First Integration Center in Austin, Texas, as it Prepares for Production in 2023   Jul 23, 2021
Mobility, today announced that it will open its U.S. headquarters in Austin, Texas to address the growing U.S. market demand for mission-specific EVs from delivery and logistics companies, Mobility-as-a-Service and new technology players. Yahoo Finance  

UPDATE 2-Schlumberger's profit rises as oil industry recovers   Jul 23, 2021
Schlumberger NV reported a rise in second-quarter profit on Friday, citing a rebound in crude prices that revived demand for the company's oilfield services and related equipment. Reuters  

Schlumberger Announces Second-Quarter 2021 Results   Jul 23, 2021
International revenue was $4.5 billion and North America revenue was $1.1 billion Cash flow from operations was $1.2 billion and free cash flow was $869 million Board approved quarterly cash dividend of $0. YAHOO!Finance  

Worldwide Clear Brine Fluids Industry to 2026 - Government Support for Enhanced Oil Recovery Presents Opportunities   Jul 23, 2021
The "Clear Brine Fluids Market Research Report by Product, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to's offering. The Global Clear Brine Fluids Market size was estimated at USD 790. YAHOO!Finance  

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