On Monday, Brazilian state-run oil giant Petrobras (NYSE:PBR) announced its earnings results for the third quarter that ended on September 30. According to the companys press release, Petrobras made a net profit of $81.1M, primarily thanks to the increase in exports, the growth of oil prices and gains from the sale of Nova Transportadora that occurred earlier this year.
The earnings news....More>>>
I’ve brought the Gorgon LNG project up often before, which is being spearheaded by Chevron Corporation (NYSE:CVX). As the operator with a 47.3% stake in the massive venture, Gorgon production streams will have a very material impact Chevron, even for a firm of its size. Now that the first phase of the journey is coming to a close I decided to revisit the issue.
It has been a very busy year for Shell (NYSE:RDS.A) (NYSE:RDS.B) in the aftermath of the merger with BG. The $70-billion deal was followed by a divestment and consolidation strategy, envisaging total asset sales of $30 billion. The divestment process has been coming along very well, with Shell announcing its latest sale of about half its North Sea assets for $3.8 billion. In addition, it....More>>>