Mexico's state oil company Petroleos Mexicanos on Wednesday reported net profit of $722.5 million for the second quarter, swinging from a loss in the same period last year thanks to higher crude prices and production.
The Baltic Exchange's main sea freight index fell on Wednesday, as weaker demand for panamax and capesize vessels weighed. * The index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, fell 12 points, or 0.4%, to 3,154. * The capesize index lost 3 points to 3,841, its lowest since July 22.
BEIJING, July 28, 2021 Recon Technology, Ltd (RCON) today announced that its subsidiary Future Gas Station Technology Company Limited signed a three-year cooperation agreement with Hui Tong Tian Xia Petrochemical Co. Ltd, a leading Chinese company focusing on fleet fuel management, to establish an electronic integrated service platform for enterprise fuel consumption management.
Exxon Mobil Corp (XOM): * EXXONMOBIL ANNOUNCES OIL DISCOVERY AT WHIPTAIL, OFFSHORE GUYANA. * EXXONMOBIL (XOM) - SIGNIFICANT NEW OIL DISCOVERY LOCATED SOUTHEAST OF UARU AND WEST OF YELLOWTAIL. * EXXONMOBIL (XOM) - COULD FORM BASIS FOR A FUTURE DEVELOPMENT IN STABROEK BLOCK. * EXXONMOBIL (XOM) - ADDS TO PREVIOUS RECOVERABLE RESOURCE ESTIMATE OF APPROXIMATELY 9 BILLION OIL EQUIVALENT BARRELS.
NEW YORK---- Hess Corporation (HES) today announced a significant oil discovery on the Stabroek Block offshore Guyana at Whiptail. The Whiptail discovery is located approximately 4 miles southeast of the Uaru-1 discovery that was announced in January 2020 and approximately 3 miles west of the Yellowtail field.
IRVING, Texas---- ExxonMobil (XOM) today said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. This press release features multimedia. The Whiptail discovery is located approximately 4 miles southeast of the Uaru-1 discovery that was announced in January 2020 and approximately 3 miles west of the Yellowtail field.
Midway through 2021, the Texas upstream oil and gas economy is on the mend following a double barrel contraction in 2019 and 2020, which took the rig count to historic low levels and eliminated tens of thousands of industry jobs.
* Weekly gains for benchmarks after 2-3 weeks of losses. * Crude posted steep loss at start of week on virus fears. * Market to remain tight despite OPEC+ supply boost -analysts. * U.S. oil rigs rise for 4th week but drilling recovery modest. By Devika Krishna Kumar.
Workers at an Exxon Mobil Texas refinery on Thursday put off considering a vote on the company's contract proposal, a union official said, as a lockout neared its fourth month. About 650 United Steelworkers union members were locked out of Exxon's Beaumont, Texas, refinery and lubricant oil plant on May 1 after a prior contract covering the 369,024 barrel-per-day facility expired.
NEW YORK, July 22, 2021 According to Technavio, incremental growth of USD 2.13 billion is expected in the bio-based platform chemicals market during 2021-2025. Request a Free Sample Report to Know More Factors such as volatility in crude oil prices strict environmental regulations and policies will offer immense growth opportunities.
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