Archive | August, 2018

BP Considers Sale Of Oil, Gas Assets After BHP Acquisition

BP is considering the offloading of some older oil and gas production assets after it bought the shale business of BHP Billiton, the company told Bloomberg in a statement. The supermajor agreed to buy BHP’s assets in the Eagle Ford, the Permian, and Haynesville in two transactions for a combined US$10.5 billion. Now it plans […]

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Oil Slips 3 Cents, Settling at $67.83, as Trade Dispute Offsets US Stockpile Drop

Oil prices slip after Wednesday’s surge, as the trade dispute between the United States and China deepens. The United States and China slap another $16 billion of tariffs on one another’s goods, raising fears of slower economic growth that could dent oil demand. Crude futures continue to draw support from a bigger-than-anticipated drop in U.S. […]

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Tiger Capital Group Provides Capital Infusion to Commander Oilfield Services

   Tiger Capital Group announced that it has provided Commander Oilfield Services, LLC (“Commander”) with a $5 million capital infusion that allows the company to add premium assets and expand its service lines to meet strong customer demand in the Permian Basin. Commander, which was formed by Scott Milliren, Kyle Greemon and Norwegian private equity firm Norse Partners, is using the funds […]

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Can China Afford To Slap Tariffs On U.S. Oil?

Chinese refiners and the U.S. oil industry welcomed a decision by Beijing last week to exclude crude oil exports from a list of goods worth US$16 billion, on which China will impose a 25-percent tariff in response to the latest U.S. round of tariffs on Chinese goods with the same value. Since the decision was […]

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