19.34 -0.10 (-0.51%)
Pre-Market: 5:09AM EDT
|Bid||19.32 x 2900|
|Ask||19.35 x 3000|
|Day's Range||19.41 - 19.60|
|52 Week Range||18.91 - 28.93|
|Beta (3Y Monthly)||0.89|
|PE Ratio (TTM)||8.14|
|Forward Dividend & Yield||1.04 (5.43%)|
|1y Target Est||26.50|
In spite of the rising global oil prices and Canada's vast endowments of oil and gas resources, the oil sector of the country is likely to bear the brunt of inefficient regulations and pipeline crisis.
Marking a major victory for the Bolsonaro government and Petrobras (PBR), the court rules that state-held companies do not require congressional approval to jettison their subsidiaries.
Crude oil was in the news recently due to its rapid decline on account of global uncertainty and rising inventories, and now many investors have turned their attention toward a large trader of crude and ...
Petrobras (PBR) revved up its five-year plan in March, and now intends to offload $26.9 billion through 2023, streamline portfolio and sharpen focus on other profitable segments.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...
The Zacks Analyst Blog Highlights: Equinor, Schlumberger, Royal Dutch Shell, Cheniere Energy and Exxon Mobil
Norway's Equinor (EQNR) acquired an additional 22.45% stake in GoM's Caesar Tonga oilfield, while energy services behemoth Schlumberger (SLB) sold several drilling assets for $400 million.
Equinor has resumed crude oil loadings from its Statfjord field in the North Sea following a spill last week, the Norwegian oil and gas company said on Monday. Production from Statfjord remains unaffected, and the offloading of crude is now taking place from an alternative buoy on the field, it added. The company was still investigating the source of the oil spill that was detected on the sea surface on May 15, prompting shutdown of loadings to a shuttle tanker, a spokesman said.
Equinor is investigating an oil spill at its Statfjord field in the North Sea, although the Norwegian company said on Wednesday the incident had not disrupted production. Loading was stopped and loading systems at the field were shut down after oil was spotted nearby and systems were mobilised to deal with such a situation, Equinor said. "In connection with loading oil from buoy to shuttle tanker on the North Sea Statfjord field, oil was observed on the sea surface early this morning," Equinor said.
With energy projects high on the agenda, China and Norway will mark a further thaw in relations on Wednesday when Beijing's third-ranked politician arrives in Oslo. The four-day visit by Li Zhanshu, who heads the National People's Congress, is the most high-profile by a Chinese official since the two countries restored full diplomatic ties three years ago.
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Production at Norway's Oseberg oil and gas field, whose crude is a part of global oil benchmark Brent, is expected to remain shut for eight days, longer than previously anticipated, the company said on Friday. The Oseberg field produced 46,000 barrels of oil and 15.5 million cubic metres of natural gas in February, the latest available data from the Norwegian Petroleum Directorate showed. The field's facilities also process oil from several adjacent fields, including Oseberg South, before exporting it to the Sture terminal onshore.
ExxonMobil CEO Darren Woods has announced a somewhat different approach to climate change mitigation, a move that distinguishes the oil major from its European peers