11月2日油氣行業十大新聞

OPEC Reaching A Consensus? Oil prices responded positively amid news that OPEC members could be steadily reaching some form of consensus regarding output limits, but such gains might be limited.

Shell, BP Showing Better Results? Deep cuts had a impact on earnings reports for Shell and BP as higher-than-expected earnings were posted for the third quarter, alongside a few other major companies like Total.

Gas Prices Jump Amidst Alabama Pipeline Blast. The largest fuel pipeline in the U.S. shut down following an explosion, a fire, and the death of one worker, with prices making the biggest jump since 2008.

GE Made An Offer Baker Hughes Couldn’t Refuse? More details emerge on how the merger of both companies came to be, with reports showing that the head of GE’s oil and natural gas division got in contact with Baker Hughes the day the Halliburton deal fell through.

BP And Rosneft Join Up. Company officials say BP will pledge as much as $300 million in developing reserves alongside the Russian oil company.

Occidental’s Expansion Not Accidental. The oil explorer says it will be pushing deeper into the Permian shale basin, where it expects to pull at least 7,000 barrels of oil equivalent per day.

U.S. Passes A Carbon Dioxide Milepost. Eric Roston of Bloomberg examines how the nation’s transportation “recently emitted more carbon dioxide than the fossil-fuel-heavy power sector for the first time since 1978” and the effects of low gas prices and the emergence of natural gas.

SpaceX Affecting LNG? The Federal Energy Regulatory Commission wants to know how a failed rocket launch might have affected companies and proposals for LNG facilities nearby.

Canadian Oil Has Hope. Analysts say the Canadian oil industry tiptoed close to bankruptcy, but the industry may have hit a tipping point at $50 a barrel.

Patch Deals Still Patchy. Jones Day Partner Bob Profusek tells Bloomberg that oil and gas patch deals are “on track for the slowest year since 2009.”