Oil and gas watch

[F-14B]

Dear members ,
I am starting this thread as a dedicated thread for tracking developments in the international and domestic oil and gas market

 

[F-14B]

ConocoPhillips sells oil and gas assets to Cenovus for $13.3 billion

ConocoPhillips on Wednesday agreed to sell oil sands and western Canadian natural gas assets to Cenovus Energy for C$17.7 billion ($12.74 billion), making it the latest international oil major to pull back from the region.

http://www.cnbc.com/2017/03/30/conocophillips-sells-oil-and-gas-assets-to-cenovus.html

 

[F-14B]

Petrol price cut by Rs3.77 per litre, diesel price by Rs 2.91, as rupee strengthens
State-owned oil retailers have cut petrol and diesel price, passing on to consumers benefits of softening global oil prices and of the strengthening rupee against the dollar

http://www.livemint.com/Politics/YT...rice-cut-by-Rs377-per-litre-from-tonight.html

 

[F-14B]

Now is the time to invest along the Permian Basin in Texas, oil analyst says

The saying goes, everything's bigger in Texas — and this includes opportunities to invest in oil, according to one expert analyst.

Some of the best oil companies to consider investing in are based along the Permian Basin of West Texas, the largest U.S. oil patch, Seaport Global Securities Managing Director Mike Kelly told CNBC on Friday.

http://www.cnbc.com/2017/03/31/now-...-permian-basin-in-texas-oil-analyst-says.html