🔥From Twitter: A journey in the life span of an offshore oil well
Unlike shale wells that cost $10 million...
Unlike shale wells that cost $10 million or $15 million to drill and mere months to yield oil, offshore projects cost billions and rarely come online in less than a decade.#Shell#OilAndGas#Offshore#Upstreamhttps://t.co/RvpjfM96xq
Inflation watch:Â The consumer price index is the highlight of a busy week for economic...
Inflation watch:Â The consumer price index is the highlight of a busy week for economic data. Inflation is expected to have jumped 7.9% from a year ago, which both you and the Fed consider much too high. The central bank could hike interest rates by a meatier one-half percentage point at its meeting next month.
Earnings season is back:Â JPMorgan, Wells Fargo, and other big banks kick off the first-quarter earnings season. Their profits are projected to have plunged from last year, when the economy was roaring back from the Covid recession.
Holidays! Passover begins at sundown on Friday night, and Easter is on Sunday. The stock market will be closed for Good Friday.
Brigham Minerals (NYSE:MNRL) Price Target Raised to $31.00
Brigham Minerals (NYSE:MNRLÂ had...
Brigham Minerals (NYSE:MNRL had its price objective raised by Piper Sandler from $30.00 to $31.00 in a research note published late last week, The Fly reports. Piper Sandler currently has an overweight rating on the stock. Piper Sandler also issued estimates for Brigham Minerals’ Q1 2022 earnings at $0.61 EPS.
IEA Details Plan to Release 120 Million Barrels of Oil
The International Energy Agency (IEA) last week listed members’ contributions to a...
The International Energy Agency (IEA) last week listed members’ contributions to a 120 million-barrel release of crude and oil products from emergency stockpiles aimed at cooling global oil prices following Russia’s invasion of Ukraine.
The release of stocks by the U.S.-allied members of the IEA, which is made up of 31 mostly industrialized countries but not Russia, would be their second coordinated release in a month and would be the fifth in the agency’s history to confront oil market disruption.
It is the largest release from non-U.S. IEA countries on top of the biggest release by the United States.
Equinor Outlines Q1 Gas Derivatives Loss of up to $500 Million
Norway’s Equinor warned on April 8 that its first-quarter results would be negatively...
Norway’s Equinor warned on April 8 that its first-quarter results would be negatively impacted by between $400 million and $500 million from trade in natural gas derivatives used to hedge its physical deliveries.
“The high volatility and price increase in European gas markets in 1Q have resulted in larger than expected mark to market results for our European gas and LNG business,” the company said in a regular quarterly guidance to analysts.
Equinor has earned record profits from soaring oil and gas prices and is widely expected to see a further increase in earnings this year, forecasts by analysts show.
