Archives for November 2019
ConocoPhillips sets capital spending at less than $7B a year through 2029
ConocoPhillips said Tuesday it aims to keep its capital spending at an average of less than $7 billion per year, including selling a 25 percent stake in its large Alaska business in order to keep costs...
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Baker Hughes enters three-way deal to boost AI in the oil field
Houston oilfield service company Baker Hughes has entered into a three-way agreement and partnership to boost the adoption of artificial intelligence technology in the oil and natural gas industry. Source: FuelFix
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Oil declines a second day on U.S. supplies, trade deal impasse
Oil dropped for a second day on indications American crude stockpiles and shale output will keep expanding, while investors wait for a breakthrough in U.S.-China trade talks. Source: FuelFix
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Exxon says N.Y. used fraud claims to score political points
You’d expect most companies accused of a longstanding fraudulent scheme to be thrilled if the government dropped those claims against them. Not so for Exxon Mobil Corp. Source: FuelFix
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Big Oil majors looking to sell $27 billion in assets worldwide
The Big Oil majors aim to unload about $27 billion in oil and gas assets worldwide in order to cut costs and focus spending on their core projects. Source: FuelFix
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