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Daily Oil & Gas and Wall Street Journal News
5/22/19 Oil Prices Down More Than $1 Both the WTI and Brent contract prices fell by more than $1 Wednesday. Icahn-Backed CVR Energy Considers Selling The refiner also inked a deal to sell its 1.5 million-barrel storage terminal and related assets in north-central Oklahoma for $36 million. Pioneer Cuts Hundreds of Workers in Texas The Permian pure-play company has reportedly cut 25 percent of its workforce as it continues to cut costs. Louisiana Project's Price Tag Rises Again Sasol has raised the projected capital cost of its Lake Charles Chemical Project again. Aramco Taps into US Shale Gas Boom Saudi Aramco agrees to a buy a stake in Sempra Energy's Texas LNG export terminal. Top 2019 US Oil Stock Has No Permian Stake This year's top-performing U.S. oil producer doesn't have any operations in the world's fastest-growing shale play. Gazprom Makes 17Tcf Gas Discovery Gazprom discovers two new fields containing over 17 trillion cubic feet of gas on the Yamal shelf. Offshore Oilfield Service Growth Likely to Halve The annual growth rate in the global offshore oilfield services market will likely be halved after 2022, according to Rystad Energy. Oil Heads for Biggest Drop in 2 Weeks Oil headed for its biggest drop in two weeks as signs the worsening U.S.-China trade war will take a toll on global economic growth overshadowed the prospect of OPEC+ extending output curbs. Crude Oil Futures Mixed Again For the second straight trading day, WTI and Brent price movements were mixed.
Wall Street Journal
Commercial News 5/22/19 |
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