Continental Resources Announces MOU With PDVSA To Operate And Develop 126,000-Acre Ayacucho 2 Block In Venezuela's Orinoco Belt With 100% Working Interest; Terms Not Disclosed

Shares of oil and gas related-companies are lower following reports suggesting that Saudi Arabia is attempting to restore crude oil exports quickly through pipeline repairs and ship-to-ship transfers. Also, API and EIA data indicated weekly U.S. crude and distillate inventory growth, further pressuring the oil price.

Warren Buffett, Donald Trump Bet on Same 17 Stocks — Some Might Surprise You

The investment portfolio of President Donald Trump and Berkshire Hathaway have 17 stocks in common. Here's a look at the list.

Chevron (CVX) Rises As Market Takes a Dip: Key Facts

Chevron (CVX) closed at $217.59, up 2.55%, outperforming the S&P 500's 0.45% decline. The stock has gained 4.67% over the past month. The company is forecasted to report Q3 EPS of $4.89 (up 164.32% YoY) and revenue of $55.07 billion (up 10.74% YoY). For the full year, Chevron is expected to earn $16.51 per share with revenue of $228.85 billion. The stock carries a Zacks Rank of #3 (Hold) with a Forward P/E of 12.85, trading at a premium to its industry average.

Saipem Lands $350M Contract for West Hub Tails Project in Angola

Saipem has won a $350 million subsea contract for Azule Energy's West Hub Tails project offshore Angola. The work includes engineering, fabrication, and installation of 62 km of flowlines, risers, and umbilicals tied to the Agogo FPSO. The project will extend the productive life of four mature fields by rerouting production from the aging Ngoma FPSO to the newer Agogo FPSO over approximately 2.5 years.

Saudi Arabia Informing Some European Oil Refiners That Their Crude Cargoes For September Loading Are Cancelled After Closure Of East-West Pipeline

– Reuters citing trading sources

Eni, Vitol Pursue New Offshore Opportunities in Ghana's Tano Basin

Italian energy company Eni and commodities trader Vitol have signed Memoranda of Understanding with Ghana for offshore blocks GH WB 3 and GH WB 8 in the Tano Basin, covering 2,100 square kilometers. The agreement aligns with Eni's near-field and infrastructure-led exploration strategy and represents an expansion of the company's portfolio in Ghana's petroleum sector.