Archives for June 2018
Exxon Mobil, Hess make another offshore Guyana discovery
Exxon Mobil and Hess Corp. said Wednesday they’ve made their eighth oil discovery in the developing offshore fields of Guyana in northeastern South America. Source: FuelFix
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Shell sells stakes in Norwegian offshore projects for $556 million
Royal Dutch Shell said Wednesday it is selling its stakes in two North Sea oilfield projects offshore of Norway for $556 million. Source: FuelFix
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Stakes high for Houston, Texas as OPEC considers lifting output caps
The Texas oil boom and the higher crude prices that have driven it could take hits after OPEC meets in Vienna Friday, as the strengthening alliance between Saudi Arabia and Russia pushes the cartel to...
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OPEC races to salvage oil deal after Iran clashes with Saudis
OPEC officials meeting in Vienna raced to salvage an oil-production deal on Wednesday after Iran said it was likely to reject any agreement that raised output from the group. Source: FuelFix
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Brent crude near $75 as pre-OPEC meeting tensions persist
Brent crude traded near $75 a barrel as friction endures between Saudi Arabia and Iran over whether OPEC should agree to pump more oil when the group meets Friday. Futures in London earlier rose as...
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