Pacific National Capital 's Daily Oil & Gas News

Chevron Wins Venezuela Waiver Extension
The Trump administration extended Chevron Corp's waiver to operate in Venezuela.

Oil Steady as Trade Hopes Build
Futures in New York and Brent crude in London were little changed after falling the past two days.

Oil Prices Post Losses
WTI and Brent crude oil futures retreated on the first trading day of the week.

Priciest Oil Auction Could Raise $50B in Brazil
An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation.

McDermott Receives Financing But its Outlook Remains Uncertain
McDermott International Inc. secured $650 million of new financing from lenders to keep itself afloat, though the withdrawal of its 2019 outlook and high debt costs dragged its shares and bonds back down.

Halliburton Plans Cost Cuts as 3Q Revenue Dips
The oilfield services company vows to "streamline operations" in the fourth quarter to generate $300 million in cost savings.

Offshore Robot Initiative Wins Pledges from Operators
Offshore robot prototypes undergo testing. PHOTO SOURCE: OGTC

Schlumberger Reassessing North America Land Strategy
The strategic review of its US land market business is on the heels of weak regional performance during 3Q.

Africa's Biggest Oil Producer Aims to Stop Imported Fuel Reliance
Over the past 12 years, Nigeria tried and failed four times to crank up its aging and unprofitable crude-processing plants. Now the state-run energy company is giving it another shot.

Temasek Plans to Pay $3B for Full Control of Keppel
Singapore's Temasek Holdings Pte plans to take control of Keppel Corp. for about S$4 billion ($3 billion) and undertake a review of the oil-rig builder's business that could involve a board shakeup.

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