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Alaska oil producers focus on efficiencies, not $70 oil

2018-01-20 reuters
ANCHORAGE, Alaska (Reuters) - The rebound in the price of crude oil in recent months that has helped producers will be temporary, and the industry must prepare for competition from energy sources elsewhere, the head of the Alaska operations of BP Plc said at an industry conference on Friday. (36-0)

Mexico's Energy Opening Faces Test In Deepwater Oil Auction

2018-01-19 rigzone
MEXICO CITY, Jan 19 (Reuters) - An auction of deepwater oil and gas fields in Mexico this month may prove the last major opportunity for President Enrique Pena Nieto's government to capitalize on its opening of the energy sector, the central plank of its economic agenda. (63-0)

Mexico's energy opening faces test in deepwater oil auction

2018-01-19 reuters
MEXICO CITY, Jan 19 (Reuters) - An auction of deepwater oil and gas fields in Mexico this month may prove the last major opportunity for President Enrique Pena Nieto’s government to capitalize on its opening of the energy sector, the central plank of its economic agenda. (63-0)

PRESS DIGEST- British Business - Jan 19

2018-01-19 reuters
Jan 19 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. (37-0)

Top Research Reports for Apple, JPMorgan & AbbVie

2018-01-18 zacks
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Apple (AAPL), JPMorgan (JPM) and AbbVie (ABBV). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today. (293-1)

Eni's New Supercomputer Scans for Oil and Gas Deep Below Earth - Bloomberg

2018-01-18 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (39-0)

U.K. ETFs in Focus as Inflation Drops

2018-01-17 zacks
Inflation in the UK dropped for the first time in six months in December, indicating that the post-Brexit hit on consumer spending might finally be easing. (61-0)

Reliance Industries, BP seek out customers for gas from R-series field in KG basin

2018-01-17 livemint
Mumbai: Reliance Industries (RIL) and BP Plc, partners in a gas block in the Krishna-Godavari basin, have started approaching prospective customers to sell gas that will start flowing from their R-series field in 2020, said two people aware of the matter. (39-0)

Trump's offshore oil plan will struggle to lure rigs from Guyana

2018-01-17 worldoil
The Trump administration is hoping to lure some of that investment to the U.S. with a proposal to sell leases in almost every inch of the nation’s outer continental shelf -- including territory hugging the U.S. East Coast that share characteristics with Guyana, a tiny South American country. (60-0)

BP Announced An Additional $1.7 Billion Charge In The Fourth Quarter 2017

2018-01-17 seekingalpha
BP is to take an extra $1.7 billion charge related to the Deepwater Horizon oil spill, bringing the total cost above $65.1 billion. (36-0)

PRESS DIGEST- British Business - Jan 17

2018-01-17 reuters
Jan 17 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. (38-0)

What's ahead for western Europe's biggest oil nation

2018-01-16 worldoil
Here are five charts that tell the story of how Norway’s biggest industry tackled the crisis, from the surprising windfalls to the challenges ahead. Most are based on new data from the Norwegian Petroleum Directorate. (57-0)

BP Finally Swims Away From Deepwater Horizon With Environment Still Damaged

2018-01-16 247wallst
On April 20, 2010, the oil drilling platform Deepwater Horizon exploded, killing 11 people and dumping nearly 5 million barrels of oil into the Gulf of Mexico. BP PLC (NYSE: BP), which operated the platform, said the number was overstated. As part of legal settlements over the explosion, BP agreed to pay fines and compensation that reached about $8 billion. Some estimates say that BP’s reserves for the claims reached over $40 billion. (36-0)

BP plc (ADR) Will Take Further $1.7 Billion Q4 Charge for Gulf Spill Claims

2018-01-16 investorplace
The cost to BP plc (ADR) (NYSE:BP) for the Deepwater Horizon disaster continues to rise, with the company’s latest announcement that it would take a $1.7 billion charge in its fourth-quarter earnings because of settlement claims related to the 2010 Gulf of Mexico incident. BP stock was trading down about 1.5% this morning in London. (36-0)

ADES extends three major contracts in the Gulf of Suez

2018-01-11 worldoil
LONDON and DUBAI -- ADES International Holding Ltd., the London-listed company providing offshore and onshore oil and gas drilling and production services in the Middle East and Africa through its subsidiaries, has successfully extended two existing contracts for Admarine II, Admarine IV and renewed its lease for Admarine VI, all of which are in the Gulf of Suez area. (36-0)