Archives for November 2019
Venezuelan mayor seizes Baker Hughes office for "not paying local taxes"
A mayor in Venezuela has seized an office belonging to Houston oilfield service company Baker Hughes alleging that the company “chronically failed to pay municipal taxes.” Source: FuelFix
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U.S. oil and gas rig count continues declines
The U.S. rig count fell by five, bringing the nation’s total number of operating rigs to 817, more than 200 fewer rigs than the same week a year ago. Source: FuelFix
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Oil falls amid uncertainty over trade war and OPEC supply cuts
Oil fell as traders awaited more concrete signs that the U.S. and China are resolving their trade dispute, and amid concerns that OPEC and its partners won’t deepen output curbs to prevent a glut. Source:...
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Exxon blasts N.Y. for walking back claims at end of trial
The New York attorney general’s office dropped its claim that Exxon Mobil Corp. intentionally misled investors about how it accounts for the financial risks of climate change, significantly diminishing the state’s case in the last...
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Equinor sells Eagle Ford position for $325 million to Repsol
Norway’s Equinor said it will sell its position in South Texas’ Eagle Ford shale for $325 million to the Spanish oil and gas firm Repsol. Source: FuelFix
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