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Chevron Corp. reported third-quarter earnings of $1.3 billion, down from $2 billion in the third-quarter 2015.

Statoil ASA is lowering its capital expenditure guidance for 2016 by another $1 billion after taking a third-quarter adjusted net loss of $261 million, down from adjusted earnings of $445 million a year earlier.

The US will remain the world’s leading petroleum product exporter to Latin America, but refineries in India, South Korea, and parts of China could provide fresh competition in Southeast Asia, a leading market observer said at the Center for Strategic & International Studies on Oct. 27.

The Trinidad and Tobago government has announced it will be having a competitive bid round in the first quarter of 2017 that is likely to have a mix of deepwater and near-shore blocks.

International news for oil and gas professionals


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