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2018-08-22 12:30:00

CONOCOPHILLIPS - PDVSA: $2 BLN

CONOCOPHILLIPS - PDVSA: $2 BLN

OGJ - ConocoPhillips will recover from Petroleos de Venezuela SA (PDVSA) the $2 billion awarded by an arbitral tribunal constituted under the rules of the International Chamber of Commerce (ICC), plus interest, following a settlement agreement.

PDVSA has agreed to make initial payments totaling $500 million within 90 days. The balance is to be paid quarterly over 4½ years.

As a result, ConocoPhillips will suspend its legal enforcement actions of the ICC award, including…

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Tags: CONOCOPHILLIPS, PDVSA

Chronicle:

CONOCOPHILLIPS - PDVSA: $2 BLN
2019, March, 22, 10:20:00

U.S. OIL INVENTORIES DOWN 9.6 MB

US crude oil inventories for the week ended Mar. 15, excluding the Strategic Petroleum Reserve, decreased 9.6 million bbl from the previous week, data from the US Energy Information Administration showed.

CONOCOPHILLIPS - PDVSA: $2 BLN
2019, March, 22, 10:15:00

SAUDI'S OIL WILL DOWN

Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said.

CONOCOPHILLIPS - PDVSA: $2 BLN
2019, March, 22, 10:10:00

BRITAIN NEED INVESTMENT $265 BLN

Oil & Gas UK estimates exploration and production companies would have to spend about $265 billion between 2019-35 to realize industry’s expectations outlined in Vision 2035 on the UK Continental Shelf (UKCS).

CONOCOPHILLIPS - PDVSA: $2 BLN
2019, March, 22, 10:05:00

U.S. FEDERAL FUNDS RATE 2.25-2.5%

U.S. FRB - Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. In support of these goals, the Committee decided to maintain the target range for the federal funds rate at 2-1/4 to 2-1/2 percent.

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