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
WSJ.com: US Business
Trump Administration Weighs Putting Amazon Foreign Sites on 'Notorious Markets' List The Trump administration is considering putting some of Amazon.com Inc.?s overseas operations on a list of global marketplaces known for counterfeit goods, according to people familiar with the matter. Facebook in Talks to Add More New York Office Space Facebook is in talks to lease a landmark Manhattan building in a deal that would make it one of New York?s largest corporate tenants and would help offset the lack of Amazon?s second headquarters earlier planned for the city. 'The Irishman' Isn't Netflix's Biggest Splash Despite Big Stars and Director Netflix?s mob drama ?The Irishman? attracted 13.2 million viewers in the U.S. during its first five days of availability, according to Nielsen, well short of the streaming service?s best-performing movie title, ?Bird Box,? which cost far less to make. Disney in Japan Apologizes for Influencers' Tweets on 'Frozen 2' Walt Disney?s Japan unit apologized after artists it hired to endorse its ?Frozen 2? movie on Twitter failed to label the tweets as promotional. Disney Disturbs the Force: Pleasing Star Wars Fans Complicates Saga ?The Rise of Skywalker? looms as a big hit and everyone loves Baby Yoda. But there?s also a disgruntled contingent of fans, a string of fired directors, a movie spinoff that left audiences cold and a decline in ticket sales. ?We?re gonna hit pause.? Strong U.S. Hiring Eases Concerns About Economy The U.S. job market strengthened in November, as employers added 266,000 jobs and unemployment matched a 50-year low, fueling the economic expansion. November Jobs Report Affirms Fed Officials' Make-No-Moves Stance Federal Reserve officials will feel comfortable maintaining their wait-and-see posture on interest rates after Friday?s report showing robust U.S. hiring in November.