Author Archives: SCOTT DEVEAU

Oil gains as Russia, Saudis signal commitment to production cuts

DENVER — Statement by Dan Haley, President & CEO of the Colorado Oil & Gas Association, on today’s Colorado Supreme Court ruling: NEW YORK (Bloomberg) — Oil closed higher for the second straight day as Russia and Saudi Arabia signaled they’re on track with production cuts designed to avoid a global supply glut. Futures in […]

Oil slides as U.S. production surge stokes fears of global glut

NEW YORK (Bloomberg) — Oil prices gave up their gains Wednesday as U.S. production surged and fuel inventories climbed, stoking fears about an oversupply of crude. American oil drillers pumped a record 11.9 MMbpd last week, the Energy Information Administration said in its weekly report. Stockpiles of gasoline climbed by 7.5 MMbbl — twice the jump […]

Husky said likely to win support to extend MEG bid deadline

NEW YORK and CALGARY (Bloomberg) — Husky Energy Inc. is expected to win support to extend a deadline to persuade shareholders to back its hostile bid for rival oil-sands producer MEG Energy Corp., despite falling short of winning outright support for the offer, according to people familiar with the matter. Husky is likely to have […]

Southeast Asia Oil majors lose money due to cuts in production

JAKARTA INDONESIA – Kufpec Ltd and PT. Tucan Pumpco, Top 5 largest Indonesia oil and gas groups, are continuing to lose money on oil and gas production due to cuts in production. The losses raise a question over the companies’ forecasts of strong growth in 2019 production , particularly in the region. The two companies […]

Indonesia oil majors lose money due to cuts in production

JAKARTA INDONESIA – Kufpec Ltd and PT. Tucan Pumpco, Top 5 largest Indonesia oil and gas groups, are continuing to lose money on oil and gas production due to cuts in production. The losses raise a question over the companies’ forecasts of strong growth in 2019 production , particularly in the region. The two companies […]

Welcome to Flatsome

Welcome to WordPress. This is your first post. Edit or delete it, then start blogging! Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat. Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam […]

Just another post with A Gallery

Lorem ipsum dolor sit amet, consectetur adipiscing elit. In sed vulputate massa. Fusce ante magna, iaculis ut purus ut, facilisis ultrices nibh. Quisque commodo nunc eget tortor dapibus, et tristique magna convallis. Phasellus egestas nunc eu venenatis vehicula. Phasellus et magna nulla. Proin ante nunc, mollis a lectus ac, volutpat placerat ante. Vestibulum sit amet […]

A Simple Blog Post

Lorem ipsum dolor sit amet, consectetuer adipiscing elit, sed diam nonummy nibh euismod tincidunt ut laoreet dolore magna aliquam erat volutpat.Typi non habent claritatem insitam; est usus legentis in iis qui facit eorum claritatem. Investigationes demonstraverunt lectores legere me lius quod ii legunt saepius. Claritas est etiam processus dynamicus Typi non habent claritatem insitam; est […]

A Video Blog Post

Lorem ipsum dolor sit amet, consectetur adipiscing elit. In sed vulputate massa. Fusce ante magna, iaculis ut purus ut, facilisis ultrices nibh. Quisque commodo nunc eget tortor dapibus, et tristique magna convallis. Phasellus egestas nunc eu venenatis vehicula. Phasellus et magna nulla. Proin ante nunc, mollis a lectus ac, volutpat placerat ante. Vestibulum sit amet […]