11月1日油氣行業十大新聞

GE And Baker Hughes Best Friends Forever. After word first broke last week, GE will be merging its oil and gas business with Baker Hughes in a nearly $30 billion deal.

ConocoPhillips Says Bye To Senegal. As Conoco continues to scale back its deepwater exploration, the company announced it has sold off a large stake in reserves to Woodside Petroleum for about $440 million.

Divided, Production Cut Plans Falling? Price drops are swinging back for oil as more OPEC members continue their negotiations to exempt themselves from certain aspects of the proposed production cut.

Polls Not Exactly Hopeful. Analysts still don’t see crude prices responding well in the short term either, if talks continue going this way.

China’s Oil Problem. Low prices, low demand, low production – it’s all plaguing the oil industry in China as the country’s output dropped 6 percent in the first nine months of the year.

Enbridge Posts Losses. Can there be too a thing as too many subscribers to oil pipelines? Just ask Enbridge which said it recorded a net loss in the third quarter versus profit during the same time period last year.

Wheatstone LNG Project Costs Jump. The Australian LNG project’s price tag could jump to $34 billion Chevron officials say with delays in module deliveries and “poor performance” at one of its fabricating yards as the culprits.

Brazil’s Oil Capital Against The Ropes? Crisis and issues with reform have marred Macae, Brazil’s “oil capital,” where the market is closely linked to Petrobas and unfortunately all of the baggage that comes with it.

Iran Looking To Export LNG To Europe. Officials say they have been in continued talks with Norway to potentially bring a bulk of LNG exports to the export table.

Texas vs. Canada? Liam Denning with Bloomberg examines how earnings from Chevron and Exxon on how what’s happening in places like the Permian might not be working in favor of Canadian companies.