By Elizabeth Low and Alfred Cang on 5/7/2021 (Bloomberg) — Shipyards in the Chinese coastal city of Zhoushan have banned vessels that called at or changed crews in India in the last three months, citing concerns over rising infections in the South Asian nation. Restrictions
5/7/2021 HOUSTON — The Offshore Technology Conference (OTC) has announced the 2021 recipients of the Spotlight on New Technology® Award, which recognizes new, innovative technologies that are advancing and revolutionizing the future of offshore energy. This year, 14 technologies from 13 companies around the world were
By Laura Hurst on 5/7/2021 (Bloomberg) — As Europe’s oil majors prepare to host their annual shareholder meetings, one topic is garnering almost all the attention. Climate change looms large for Royal Dutch Shell Plc, BP Plc and Total SE, with investors at all three
.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; height: 100%; }[embedded content] When the lumber to gold ratio spikes, it’s usually a signal that risk
Long-languishing 2019 tax returns and tardy tax refunds are being held up partly because of a shortage of working printers and copiers at Internal Revenue Service processing centers, according to a new Treasury Department report. Copy that, you heard right. “Lack of functioning printers and
Editor’s Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today’s must-read news and expert opinions. Sign up here! (Kitco News) – Last week I described gold as a horse that wouldn’t
By Jessica Summers and Jill R. Shah on 5/7/2021 (Bloomberg) — Oil posted a gain this week as expectations for growing economic activity in nations from the U.S. to Europe fueled optimism around stronger summer demand. Futures in New York advanced 2.1% this week in
Given Friday’s disappointing jobs report, which found that 266,000 jobs were added last month compared to most economists’ forecast of 1 million jobs, many lawmakers are pushing to discontinue federal unemployment benefits, which they claim would eliminate a growing labor shortage. President Joe Biden acknowledged
Highlights EOG has several new plays in various test stages One prospect is Beehive offshore Australia Shallow-water prospects hold industry potential EOG Resources sees exploration drilling as a means to push per-well returns even higher than its current 60% threshold, its top executives said May
By Railroad Commission of Texas on 5/6/2021 AUSTIN – The Railroad Commission of Texas issued a total of 732 original drilling permits in April 2021 compared to 456 in April 2020. The April 2021 total includes 629 permits to drill new oil or gas wells,