Daily Oil & Gas and Wall Street Journal News
11/18/19 Oil Prices Higher for the Week Posted on Thursday November 14, 2019
WTI and Brent finished higher Friday, also showing week-on-week increases.
Shell Traders Rake In $1B Profit in Fuel Oil Market Posted on Thursday November 14, 2019
Royal Dutch Shell Plc has made $1 billion from trading fuel oil this year, making it one of the standout winners from rules designed to make the shipping industry greener.
US Drops Eleven Oil, Gas Rigs Posted on Thursday November 14, 2019
The U.S. dropped 10 oil rigs and one gas rig for a net loss of 11 rigs this week, according to data from Baker Hughes Company.
BHP Names New CEO Posted on Thursday November 14, 2019
Australian miner BHP has appointed Mike Henry as its new CEO and executive director.
Jennings Returning to CEO Role at HollyFrontier Posted on Thursday November 14, 2019
Michael Jennings previously served as HollyFrontier's CEO from 2011 to 2016.
Brazil FPSO Starts Production Posted on Thursday November 14, 2019
This photo, released in September of this year, shows the newly completed P-68 FPSO at the EJA shipyard in Aracruz, Brazil. PHOTO SOURCE: Sembcorp Marine
Russia Makes More Money from OPEC+ Deal than Saudis Posted on Thursday November 14, 2019
Russia has earned more money this year from the OPEC+ deal than Saudi Arabia.
Equinor Buys Inspection Services for Over $380MM Posted on Thursday November 14, 2019
Equinor has chosen suppliers for inspection services on all its offshore installations on the Norwegian continental shelf and onshore plants in Norway.
3D Printing On Track to Become Vital in Oil and Gas Posted on Thursday November 14, 2019
3D printing is on track to become a vital component within oil and gas, according to data and analytics company GlobalData.
Saipem to Consider Combining with Subsea 7 Posted on Thursday November 14, 2019
Saipem is considering a combination with rival Subsea 7 to create a larger European oil services provider, people with knowledge of the matter said.
Wall Street Journal
WSJ.com: US Business
FAA Weighs Altering Plane Approvals After MAX Crashes U.S. air-safety regulators are considering ways to alter fundamentally how they certify aircraft in the wake of Boeing?s 737 MAX crisis, the head of the Federal Aviation Administration said in an interview. J&J Rapidly Tested Its Baby Powder After Asbestos Finding---and the Results Were Complicated Johnson & Johnson rushed to announce its famous baby powder contained no asbestos after the Food and Drug Administration triggered a recall last month?but results of J&J?s tests weren?t cut and dried. HP Rejects Xerox Offer but Remains Open to a Deal HP rejected a $33 billion takeover offer from Xerox as too low, but the PC and printer maker made clear it is interested in discussing a deal to combine with its smaller rival. Yahoo Japan and Chat App Line Agree to Merge Internet portal Yahoo Japan and chat app Line said they have a basic agreement to merge in a deal that includes buying out Line?s minority shareholders. NFL, MLB Players Tie Up With Private Equity Professional football and baseball players are teaming up with a private-equity firm in an unprecedented deal to amp up revenue generated from the use of their likenesses and invest it. One Explanation for Weak Wage Growth: Workers' Reluctance to Switch Jobs Fewer workers switching jobs may explain why wages have been rising only slowly and inflation staying low, despite low unemployment, some economists say. Europe's New Jobs Lack Old Guarantees---Stoking Workers' Discontent Unemployment in Europe is at its lowest level in a generation. Yet workers complain about jobs without benefits or stability. ?They?re garbage jobs.?