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Daily Oil & Gas and Wall Street Journal News
11/22/19 Global Warming Lawsuit Against Oil Industry Heads to Appeals Court New York City urged a U.S. appeals court to reinstate a lawsuit against five of the world’s biggest oil companies. US Drops Three Oil Rigs U.S. drillers dropped three oil rigs this week, while the gas rig count remained flat, according to data from Baker Hughes Company. US Frac Sand Supplier Cuts 10% of Workforce Frac sand supplier U.S. Silica Holdings, Inc. has cut 230 employees as it grapples with the current challenges in its energy markets. US Gulf Set for Record 2020 With Oil Production The U.S. Gulf of Mexico is positioned for another year of record oil production in 2020, according to Rystad Energy. $620MM Texas Petchems Project Gets Green Light Pictured is a rendering of the alkylate facility Clough is building in Pasadena, Texas. IMAGE SOURCE: Clough Lack of Credit Is Latest Blow to Shale Industry Banks have begun trimming back the credit lines of America's shale producers. Akastor Appoints New CFO Oil services investment company Akastor has appointed Oyvind Paaske as its new chief financial officer. Labour Pledges Windfall Tax on Oil Companies The UK Labour party has pledged a 'windfall tax' on oil companies in its latest manifesto. Oil Down as Investors Monitor Trade Outlook Oil pared its third weekly advance as investors monitor developments in the U.S.-China trade war that has sapped demand. Oil Prices Surge on Bullish OPEC+ Expectations WTI and Brent crude oil futures showed significant upward momentum Thursday.
Wall Street Journal
Commercial News 11/22/19 WSJ.com: US Business Tesla Unveiled a Bulletproof Pickup. Then the Window Broke. Tech Companies Step Up Fight Against 'Deepfakes' Smucker Lowers Sales Outlook FCC Deals Blow to Huawei and ZTE, Cuts Off Telecom Subsidies For 'Frozen 2,' Toy Makers Let It Flow U.S. Business Activity Shows Signs of Pickup Against Global Slowdown Trump Calls Hong Kong Protests 'Complicating Factor' in Trade Talks |
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