News Highlights on November 2

Time: 2018-11-03 08:06:36Source: oil SNS

Foreign media: China is preparing to acquire 52 billion barrels of oil equivalent large oil fields, and the two major oil giants have begun to consider purchasing

 

The long-suffering Chinese capital acquisition boom will reappear. On October 30, according to Reuters, Danish government officials said that China National Petroleum Corporation (CNPC) and China National Offshore Oil Corporation (CNOOC) have expressed interest in participating in the purchase of disco and Noosasu peninsulas in West Greenland. Oil and gas block.

According to Danish officials, Denmark is currently shifting its oil and gas strategy from the sea to the land in order to generate revenue faster.


The stock price plummeted 20%! From the market value of 30 billion to 1.2 billion today, can Weatherford still turn over?



Yesterday, the news of the death of a generation of heroes Jin Yong broke the WeChat circle of friends. Today, the oil circle of friends has been swept away by the price of Weatherford.

According to Reuters, this week, Weatherford announced its third-quarter earnings, with a loss of nearly $200 million in the third quarter and a long-term debt of $7.6 billion. Subsequently, Weatherford stocks fell sharply. As of 12:15 pm EST on October 30, the share price of Weatherford fell by 20%.

In the past few years, Weatherford has been reduced from 67,000 in early 2014 to less than 30,000 workers; its market value has dropped from $30 billion to $1.2 billion today. How long can we wait for Weatherford in the “Four Big Family”?


US shale oil is known as the “Ponzi scheme” and shale oil producers have a large debt crisis.



On October 28, according to Zero Hedge, even if shale oil companies boasted that they would reduce the development costs of producing shale oil, the industry still spends a lot of cash. When we add up all the negative factors that affect the shale oil industry, a catastrophic failure is coming.

Zero Hedge said bluntly that the US shale oil industry is nothing more than a Ponzi scheme and has begun to decline




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