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Daily Oil & Gas and Wall Street Journal News
12/6/19

Oil Prices Up for the Week
Posted on Thursday December 05, 2019

Both WTI and Brent are up for the week, but only one of the benchmarks is up dramatically for the period.

Chevron Invests in Electric Motor Maker
Posted on Thursday December 05, 2019

Chevron Technology Ventures has invested in an electric motor manufacturer that aims to disrupt the oil and gas and other industries.

Petrofac Mulls Offshore Oil Asset Sale in Malaysia
Posted on Thursday December 05, 2019

Petrofac Ltd., the U.K.-listed oilfield service provider, is weighing a sale of its Malaysian assets for about $300 million.

US Drops Five Oil Rigs
Posted on Thursday December 05, 2019

The U.S. idled five oil rigs and added two gas rigs for a net loss of three rigs this week.

US Loses Thousands of Upstream Jobs in November
Posted on Thursday December 05, 2019

The U.S. saw a sharp decline in support activities for mining in November, according to data released Friday from the U.S. Bureau of Labor Statistics.

Halliburton Confirms More Layoffs in Oklahoma
Posted on Thursday December 05, 2019

Halliburton has confirmed job cuts in Duncan, Oklahoma, just days after closing a facility in El Reno, Oklahoma.

OPEC+ Agrees to Redistribute Oil Cuts
Posted on Thursday December 05, 2019

OPEC+ will adjust its output target and redistribute production cuts between its members under pressure from Saudi Arabia.

Solstad Announces Several Contract Awards in Dec
Posted on Thursday December 05, 2019

Solstad Offshore ASA has announced several contract awards this month already.

Providence Founder Steps Down
Posted on Thursday December 05, 2019

Tony O'Reilly has stepped down from the position of chief executive officer of Providence Resources and resigned from the board with immediate effect.

Aramco Raises $25.6B in World's Biggest IPO
Posted on Thursday December 05, 2019

Saudi Aramco raised $25.6 billion from the world's biggest initial public offering.

Wall Street Journal
Commercial News

12/6/19


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