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Daily Oil & Gas and Wall Street Journal News
10/17/18 Chevron Donates $500K for Hurricane Relief Chevron announces a contribution of $500,000 from the Chevron Global Community Fund to assist with efforts to recover from the damage done by Hurricane Michael. Dramatic Decom Cost Cuts Needed Oil and gas operators worldwide need to dramatically slash the costs of decommissioning wells and installations, according to a new report from the Boston Consulting Group. Global LNG Demand to Outperform Demand for LNG will post strong growth to 2027, outperforming the wider energy complex, according to oil and gas analysts at Fitch Solutions Macro Research. Oil Steady as Data Shows Drop in Inventories Oil held gains after an industry report showed an unexpected drop in American crude stockpiles. Oil Rises After Industry Reports Surprise US Crude Stock Draw Oil popped higher after an industry report showed an unexpected decline in US crude inventories. Near Term Future of Saudi Oil Sector Examined Analysts from Verisk Maplecroft and EY comment on the near-term future of Saudi Arabia's oil and gas sector. Nigerian Senate to Probe $3.5 Billion Spent by State Oil Firm Lawmakers in Nigeria will investigate $3.5 billion allegedly spent by the state oil firm on gasoline subsidies and expressed concern that the sum was not included in the national budget. Natural Gas Helps Texans Save Almost $60B in 10 Years A new report by the Consumer Energy Alliance finds that Texas residents saved billions of dollars, thanks to natural gas production. Gibson Jumps as Canadian Crude Woes Seen Boosting Tank Provider Gibson Energy Inc. surged the most in more than a year after announcing a plan to build 1 million barrels of new oil-tank space in Western Canada. Shell, Equinor Commit to Tanzania LNG as They Await Host Accord Shell and Equinor say they're committed to a project that will allow the export of natural gas from Tanzania.
Wall Street Journal
Commercial News 10/17/18 |
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