Daily Oil & Gas and Wall Street Journal News
2/16/20 Oil Posts Weekly Gain Posted on Thursday February 13, 2020
Investor confidence was lifted after China reassured the international community that a huge spike in new coronavirus cases was a one-off event.
Tullow Gets Green Light on Gas-Flaring Request Posted on Thursday February 13, 2020
The permission will assist heavily indebted Tullow to support production in its offshore fields.
Pemex Ex-CEO Arrest Puts AMLO in Delicate Situation Posted on Thursday February 13, 2020
The arrest of a former top government official is a breakthrough for Mexico's crackdown against corruption, but it puts President Andres Manuel Lopez Obrador in a delicate spot.
Oil to Flow Again from Saudi-Kuwait Neutral Zone Posted on Thursday February 13, 2020
Kuwait and Saudi Arabia will resume oil production from their shared fields this month, more than five years after a dispute halted supply.
Asian Traders Get Surprise from Chinese Teapots Posted on Thursday February 13, 2020
A sudden oil buying spree by China's independent "teapot" refiners has taken Asian traders by surprise.
Coronavirus Could Test Oil Players' Risk and Compliance Plans Posted on Thursday February 13, 2020
The global coronavirus outbreak could put heightened risk management and compliance plans to the test.
Oil Climbs on Easing Coronavirus Concerns Posted on Wednesday February 12, 2020
The World Heath Organization rekindled optimism that the coronavirus outbreak could be abating.
Global Oversupply Equals a Tough Year for LNG Exporters Posted on Thursday February 13, 2020
Demand is insufficient to absorb rising global supplies of this super-cold fossil fuel.
Marathon Cuts 2020 Capital Budget by 11 Percent Posted on Thursday February 13, 2020
The company's low organic free cash flow breakeven of $47 per barrel will be key in 2020.
Noble Energy Shaves $560MM From CAPEX Budget Posted on Thursday February 13, 2020
The company is prioritizing free cash flow generation over US onshore growth in 2020.
Wall Street Journal
WSJ.com: US Business
Alstom Reaches Preliminary Deal to Buy Bombardier Train Unit French train giant Alstom SA has reached a preliminary deal to acquire Bombardier Inc.?s train business for more that $7 billion. New York Won't Appeal T-Mobile Merger Verdict New York Attorney General Letitia James said the state won?t appeal a federal judge?s decision to allow T-Mobile US and Sprint to merge, removing another hurdle between the cellphone carriers and their long-planned combination. SoftBank's Boss Bet $22 Billion on Sprint. It Was a Slog. For Japanese billionaire Masayoshi Son, a U.S. judge?s recent approval of a merger between Sprint and T-Mobile is long-awaited payback on his $22 billion investment. But it is far from the triumph he sought when he announced he was taking control of Sprint in 2012. British Airways' Operating Chief and Its Director of People to Leave Carrier British Airways? chief operating officer and its director of people are leaving the carrier after last year?s tense standoff with pilots, which led to the airline?s first strike in decades The Ride-Hail Utopia That Got Stuck in Traffic Uber and Lyft said they would ease congestion. Instead they made it worse. How High Should Government Debt Go? Economists Can't Agree Economists warned a decade ago that pushing public debt above about 90% of gross domestic product could hurt growth. Now they aren?t so sure. New Source of Climate Pressure for Companies: Workers Investors and customers aren?t the only ones pressuring big companies to address climate change?employees are joining in too.