Oil & Gas

Bloomberg) — The European Union has agreed to help “strengthen the capacity” of Mozambique’s government in its fight against an escalating Islamist insurgency that’s killed more than 2,000 in a region home to Africa’s biggest foreign investments. The EU gave “a positive response” to the southeast African nation’s request for assistance, Ambassador Antonio Sanchez-Benedito Gaspar
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Baker Hughes Co. on Friday reported the total number of rotary drilling rigs operating in the United States and Canada increased by eight this past week. The three-rig net gain in the U.S. brought the country’s total to 269 drilling units. The most recent U.S. count reflects four more oil rigs (to 193), a one-unit
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(Bloomberg) — A strike that shut down about 8% of Norway’s oil and gas output will end after successful mediation talks, said Norwegian Oil and Gas Association spokesman Kolbjorn Andreassen The settlement will restore production at six fields already shut down by the dispute and prevent an escalation to another six over the weekend. Those
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(Bloomberg) — Crude prices slid after oil workers in Norway called off a strike that had shut down about 8% of the country’s production. Futures in London and New York both fell over 1% on Friday. The settlement will restore production at six fields already shut down by the dispute and prevent an escalation to another six.
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(Bloomberg) — Chevron Corp. overtook Exxon Mobil Corp. as the largest oil company in America by market value, the first time the Texas-based giant has been dethroned since it began as Standard Oil more than a century ago. California-based Chevron had a market capitalization of $142 billion at the close of U.S. trading on Wednesday,
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