Oil and Gas Companies Make Statement in Support of U.N. Climate Goals
Neil Beveridge, an oil analyst at Sanford C. Bernstein, said the industry deserved credit at least for acknowledging its role in climate change. “It is a big, big step for such a large number of companies to gather,” he said. “Over the years, a lot of companies have been in denial on this issue.”
Reliance 2Q FY16 Oil, Gas E&P Revenue Falls 31.1% to $309M
India's Reliance Industries Ltd. posted a second quarter 2016 (2Q FY 2016) revenue of $309.03 million (INR 20.067 billion) for its oil and gas exploration and production (E&P) business, a 31.1 percent decline from $462.31 million (INR 30.02 billion) last year amid a 50.6 percent fall in global benchmark Brent crude oil prices, the firm reported Friday in its release of financial results for the second quarter of 2016 (2Q FY 16) ending Sept. 30.
Foreign Oil and Gas Investors Are Watching Nigeria, Says Lawhead
The Managing Director of Oil and Gas Council, a global business network for senior oil and gas executives, Mr. Drake Lawhead has stated that foreign investors in the oil and gas industry are currently watching Nigeria, stressing that it is undeniable that Nigeria’s foreign direct investment has been hampered by the perception or fact of corruption and theft.
Banks credit to Oil & Gas crowds out other sectors
Credit allocation by banks have shown that the bulk of their loans in the past two years went to oil and gas sector to the detriment of other sectors. The sector attracted over 26 per cent of the total bank loans to the economy despite its relative low contribution of about 11.2 per cent to the economy’s Gross Domestic Product, GDP, suggesting a crowding out of other productive sectors of the economy. For instance, the agriculture sector which contributed more than 20 per cent to the nation’s GDP last year received only 4.4 per cent of total credit allocation in 2014.
5 Big Oil and Gas Stocks Analysts Want You to Buy Now
Has oil finally found a bottom for breathing room? The answer to that question varies handily from investors and the market and industry participants. After touching $40 earlier this year, after that massive tank in oil prices, West Texas Intermediate (WTI) crude seems to have settled down in a range of $45 to $50 per barrel for now. 24/7 Wall St. would remind readers that the market will determine prices here, and predicting oil prices has become as mystical as predicting gold prices.
Williams: Oil and Gas industry must face challenge of cyber safety
The oil and gas business is a significant part of Texas history and culture, and a major economic contributor to our overall state economy. Houston and Dallas are widely recognized for their part in the industry, but many might be surprised at the substantial number and size of oil and gas companies in San Antonio, Austin, Midland and smaller cities throughout Texas.
Schlumberger says Oil outlook is increasingly challenging
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. A recovery in the global oil and gas industry has been delayed and companies will continue to cut their spending next year, the chief executive of the oil services group Schlumberger has warned.
Town panel opposes Oil, Gas drilling
When town commissioners took their seats for their regular October meeting Tuesday night, they looked out over a capacity crowd composed mostly of blue-shirted individuals who wanted them to adopt a resolution to oppose drilling for oil and gas off the North Carolina coast.
China To Continue Expanding Its Influence In The Oil And Gas Sector
When it comes to Chinese energy industry, there are three major state owned companies. One is called China National Offshore Oil Company (CNOOC), which is an oil and gas producer, another is called PetroChina, which is another oil producing company, and its third company is Sinopec, which is primarily a refining company.
Iran set to announce Oil and Gas contracts
An official in Iran’s oil ministry said on Saturday that Tehran will announce new oil and gas contracts at conferences in Tehran and London on Nov. 21-22 and Feb. 22-24 respectively, according to the ministry’s news agency.