Saturday, August 17, 2019

Oilandgas News

Novatek Production Rose 6.9% in 2018

Pic: Novatek

Russia's largest independent natural gas producer Novatek said that total hydrocarbon production during 2018 increased by 6.9%, and had increased sales of gas."In 2018, Novatek’s hydrocarbon production totaled 548.4 million barrels of oil equivalent (boe),…

GE Profit Tops Estimates

General Electric Co posted quarterly results that topped expectations on Friday, as earnings from aviation, healthcare and transportation offset weak power and oil-and-gas profits, sending shares sharply higher. GE affirmed its forecast for 2018 earnings and cash flow…

Linn Energy Skips Interest Payment

Struggling oil-and-gas producer Linn Energy LLC said there was substantial doubt about its ability to continue operations on a sustainable basis after it decided to skip an interest payment on some senior notes. Hit by a slump in crude oil prices, the company…

Brazil Seen Juicing Oil Shares in Riskier World

The promise of production growth in offshore Brazilian and West African oilfields is luring investors to a select batch of European energy firms as geopolitical uncertainty elsewhere weighs on the broader sector. Portugal's Galp and Spain's Repsol, more exposed…

iXBlue Expands Operations in Brazil

Oil and gas industry values product performance, availability, and timely service. iXBlue  has significantly increased support and product availability in Brazil. This is in line with the company's strategic plans to accelerate sustainable long-term growth in this important and expanding market.