Oil Prices Falter Despite Geopolitical Situation
Posted on Monday October 14, 2019

WTI and Brent crude oil futures decline for the second straight day.

EPA Suggests Biofuel Quota Plan to Counteract Refinery Waivers
Posted on Monday October 14, 2019

The Environmental Protection Agency proposed changes in the way it sets annual percentages spelling out how much renewable fuel refiners must blend into gasoline and diesel.

US Crude Exports Expected to Double by 2022
Posted on Monday October 14, 2019

U.S. crude exports are expected to reach nearly six million bpd by 2022, according to Rystad Energy.

Keppel Supplies New Jackup
Posted on Monday October 14, 2019

Keppel FELS Ltd. has delivered the Hermod jackup rig to Borr Drilling Limited.

Brazil’s Sixth Pre-Salt Round Draws Record Number of Bidders
Posted on Monday October 14, 2019

The total number of bidders surpassed the 16 that qualified for the fourth production round last year.

Mozambique Votes Against Backdrop of $50B Gas Windfall
Posted on Monday October 14, 2019

Mozambicans voted Tuesday in elections that have the highest stakes in the southeast African nation's history, after a campaign marked by violence, insurgent attacks and fallout from a debt scandal.

Deepwater GOM Project Claims Industry First
Posted on Monday October 14, 2019

From left, LLOG COO Rick Fowler and TechnipFMC Chairman and CEO Doug Pferdehirt. PHOTO SOURCE: LLOG Exploration Co., L.L.C.

Aramco May Pay $450MM in Fees to IPO Advisers
Posted on Monday October 14, 2019

Advisers working on Saudi Aramco's mammoth share sale may split a fee pool of as much as $450 million, making it one of the biggest IPO pay outs globally.

TechnipFMC Wins Vietnam Subsea Contract
Posted on Monday October 14, 2019

PetroVietnam Gas has awarded TechnipFMC a contract to engineering and install rigid pipeline and fabricate subsea structures.

Oil Slides Again as Economy Falters
Posted on Monday October 14, 2019

Oil falls again as a deteriorating outlook for the global economy weighs on demand, while estimates of increased American crude stockpiles suggest that supplies remain abundant.

WSJ.com: US Business

Drug Distributors Are in Talks to Pay $18 Billion to Settle Opioid Litigation
Three major drug distributors are in talks to pay $18 billion to settle sweeping litigation brought by state and local governments blaming them for fueling the opioid crisis.

Huawei Extends Hot Streak in the Face of U.S. Blacklisting
Huawei?s revenue rose 24% during the first nine months of the year, despite a U.S. export blacklisting against the world?s largest maker of telecommunication equipment.

MGM Resorts to Sell Bellagio, Circus Circus Properties in Las Vegas
MGM Resorts International said it is selling two casinos on the Las Vegas Strip, including its landmark Bellagio property, in separate real-estate deals.

A Lot of Women Work in Health Care. But Not at the Top. Why Is That?
The leadership funnel starts contracting very early, and continues to narrow.

Taco Bell Recalls Some Seasoned Beef
Taco Bell said it voluntarily recalled about 2.3 million pounds of seasoned beef from its restaurants and distribution sites Friday after a customer reportedly found a metal shaving in an order of food.

Fed Paper Says Negative Rate Policy Can Provide Real Stimulus
Negative interest rates are a viable tool to provide stimulus to economies that need it, and the U.S. might have benefited from using it during the financial crisis, a new report from the San Francisco Fed said.

Global Economy on Course for Weakest Growth Since Crisis
Global growth is expected to fall to 3% this year, according to new IMF estimates. The IMF pointed to rising trade barriers that have stunted manufacturing and investment around the world.