http://www.worldoil.com/news/2018/5/1/rosneft-appeals-to-market-with-2-billion-buyback-debt-cut
Rosneft PJSC plans to start a $2-billion share buyback this year, while also cutting spending and debt.
http://www.worldoil.com/news/2018/5/1/oil-investors-show-they-want-more-than-just-profit
Big Oil’s investors took a bruising for nearly three years as oil prices bumped along decade lows. Now they want payback.
https://www.ogj.com/articles/2018/05/market-watch-brent-ends-april-above-75-bbl.html
Brent crude oil settled slightly above $75/bbl on the London market Apr. 30 while light, sweet crude oil prices rose modestly on the New York market.
http://www.worldoil.com/news/2018/5/1/as-oil-hits-75-shell-wants-deepwater-costs-at-40-or-below
The Big Oil playbook has been straightforward for decades: Higher prices mean offshore projects that are further, deeper, more complex than ever before. It’s different this time, according to Royal Dutch Shell Plc.
http://www.worldoil.com/news/2018/5/1/bp-profit-beats-estimates-even-as-fines-boost-debt
BP Plc capped a shaky Big Oil earnings season on a more upbeat note, as shareholders reacted positively to the highest profit in years even as the continuing burden of oil-spill payments pushed debt higher.
https://www.ogj.com/articles/2018/04/marathon-petroleum-andeavor-plan-merger.html
Marathon Petroleum Corp. has entered a definitive agreement to acquire US independent Andeavor, formerly Tesoro Corp., in a merger that would create the largest US refiner by capacity and one of the top five largest refiners globally.
Differences in terminology and oversight approaches have created marked gaps in government regulation of growing unconventional oil and gas activity in the US, a research team of four graduate students at Johns Hopkins University’s School for Advanced International Studies reported on Apr. 19.
How much is cyber security worth to the US energy industry? Not a whole lot apparently.
What’s the cost of securing the nation’s energy from a cyber attack?
Diamond Offshore Drilling reports a smaller-than-expected quarterly loss.