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Shell CEO Ben van Beurden said he was pleased by “the confidence that shareholders have shown in the strategic logic of the combination of Shell and BG.”
The legislation was introduced last summer by Sen. Lisa Murkowski, R-Alaska, chairman of the Senate Committee on Energy and Natural Resources, and Sen. Maria Cantwell, D-Washington.
Despite the massive cutbacks, Texas in 2015 likely broke the state’s 43-year-old record for crude oil production.
Houston oil producer Noble Energy slashed its quarterly dividend, becoming the latest energy company to pare back its regular cash payments to shareholders amid industry-wide cost-cutting.
A relatively small and quiet oil field services company, Keane Group is more than doubling its size through the deal with the goal of additional future acquisitions, said Keane CEO and Chairman James Stewart.
The Washington D.C.-based World Bank lowered its expectations for 80 percent of the commodities it tracks amid signs of slowing growth in emerging economies, which have bolstered commodity prices for more than a decade and a half.
Some business deals are ready to be inked but others are still in negotiation as a few sanctions not related to the nuclear program remain in place, particularly by the U.S., on the trade of goods that could be used for military or intelligence purposes.
Higher oil prices and some positive earnings news from U.S. companies are helping to send the stock market higher.
The budget cut lines up with projections forecasting deep spending reductions in the industry this year.
Sixty years to the day after Buddy Holly’s first official recording session took place, and “Blue Days, Black Nights” have become a common occurrence for the crude complex of late. Prices are bucking that trend for now, however, and we are seeing a morning in the green. Last night was certainly dark times for the […]