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Asia markets for both very low sulphur fuel oil (VLSFO) and 380-cst high sulphur fuel oil (HSFO) softened, while the hi-five spread was largely range-bound. Spot premiums and timespreads inched lower for both grades.
Shell CEO Wael Sawan said the company sees its competitive advantage in Venezuela in gas rather than heavy oil. Shell signed five agreements in June to advance oil and gas projects in Venezuela, including participation in the Loran offshore gas field.
Shell CEO Wael Sawan stated on Tuesday that the company sees its competitive advantage in Venezuela lying with natural gas rather than heavy oil, and that Shell will continue to explore further opportunities in the country. Venezuela signed five agreements with Shell in June to advance oil and gas projects.
Shell CEO: Shell to look at other Venezuela opportunities
Eni (NYSE: E ) released second-quarter financial results and hosted an earnings call on Wednesday. Read the complete transcript below. This content is powered APIs. For comprehensive financial data and transcripts, visit The full earnings call is available at Summary Eni reported strong Q2 financial performance with 5.