Anadarko EVP Mitch Ingram said that the Mozambique LNG project appears to be in position to take FID (Final Investment Decision) in the first half of 2019. Ingram was speaking at an energy conference this week.
He also noted that …
Blackbird Energy, Inc. (TSX-V:BBI) announced that for the three months ended April 30,2018 the company achieved a record high of $6.4 million ($49.81/BOE) of petroleum and natural gas sales, a 94% increase year-over-year for Blackbird.
Blackbird was only able to …
EnLink Midstream Partners, LP (NYSE: ENLK) and EnLink Midstream, LLC (NYSE: ENLC) announced today that the partnership will construct a new crude oil gathering system in the Northern Delaware Basin called the Avenger Crude Oil Gathering System.
The project is …
The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.
Crude oil stocks fell by 9,891 MBBL last week to 416,636 MBBL from 426,527 MBBL. This is …
Permian gas producers may have relief on the horizon, as Kinder Morgan (ticker: KMI), Blackstone-backed EagleClaw Midstream, …
Less than two years after General Electric (ticker: GE) announced it would acquire Baker Hughes, GE has changed its mind, and will divest the company. This came in an announcement today in …
Oasis Petroleum (ticker: OAS) continued its portfolio shift today, selling properties in the Williston Basin in two transactions.
Oasis has agreed to sell its Foreman Butte position and some non-operated assets to buyers that the company declined to disclose. In …
Northern California U.S. District Judge William Alsup has dismissed the climate change lawsuits filed against BP (NYSE: BP), Chevron (NYSE: CVX), ConocoPhillips (NYSE: COP), Exxon Mobil (NYSE: XOM), and Shell (NYSE: RDS.A) by the cities of San Francisco and Oakland.…
The United States Geological Survey has released a new assessment upping its estimate of the volumes of hydrocarbons in the Eagle Ford Group of Texas. The USGS said the formation contains an …
Electricity generation from wind in the United States has increased from about 6 billion kilowatthours (kWh) in 2000 to about 254 billion kWh in 2017, …
The recently launched IBM-built Summit supercomputer was announced as No. 1 at ISC High Performance in Frankfurt, Germany. And the DOE has it. The U.S. Department of Energy’s Oak Ridge National Laboratory (ORNL) is the official home to what has …
On Friday OPEC secured an agreement to add production back onto the market in order to avoid a possible oil shortage due to declining production in Venezuela and Iran.
A disruption in …
Shell’s recent $556 million sale of North Sea properties has not diminished the company’s interest in the basin, as Shell has approved its second North Sea project this year.
The Fram field is getting a …
Taking a page from Silicon Valley, Baker Hughes, a GE …
With U.S. production of oil and gas setting all-time records—at both a country and state level— providing some scale for statewide production can bring new perspective to the size of the shale boom.
To make the measurement, EnerCom Analytics identified …
Drilling activity fell this week, marking the second straight decrease in operational rigs, according to Baker Hughes’ Weekly Rig Count.
A net seven rigs shut down …
The anticipated 174th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) concluded in …
Last week a new report was released that detailed a “stunning” production forecast for the Permian. The Permian is forecasted to more than double its 2017 oil production level of 2.5 MMb/d to 5.4 MMb/d by 2023, according to IHS …
OPEC’s meetings this week are mostly dominated by the heads of member countries’ national oil companies, but at least two top officers …
Seaway Crude Pipeline Company LLC, the joint venture between Enterprise Products Partners LP (ticker: EPD) and …
The EIA has released its report on utility-scale power plants planned and built in the United States and natural gas continues to lead the way.
Power plant developers told …
The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week.
In total, the EIA reports natural gas stocks rose by 91 Bcf last week, increasing to 2,004 Bcf …
Shell (ticker: RDS) continued its divestiture program today, selling assets in the North Sea and Malaysia for a combined $1.3 billion.
Shell is simplifying its position in the North Sea, selling its interests in two …
[EDITOR’S NOTE: this is the final installment of the OAG360 story in which Helen El Mallakh, director of the International Research Center for Energy and Economic Development (ICEED), discusses the changing political scene and the shifting geopolitical sands that are …
The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.
Crude oil stocks fell by 5,914 MBBL last week to 426,527 MBBL from 432,441 MBBL. This is …
Kaplan said that because of the recent years’ reduced investments in large offshore and oilsands projects that can take many years and many millions up …
EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins.
The …
“The Middle East shapes energy politics, energy crises, and it has a huge impact on geopolitics” – Helen El Mallakh
Ahead of the upcoming 174th OPEC meeting in Vienna, Austria, (scheduled for Friday, June 22, and immediately followed by …
After a quiet first quarter, Canadian M&A activity has been busy in Q2 2018, with two major producers merging today.
Baytex Energy (ticker: BTE) and Raging River Exploration …
Cheniere Energy, Inc. (NYSE American: LNG) announced today that it has reached a definitive agreement to acquire all of the publicly-held shares of Cheniere Partners Holdings (NYSE American: CQH). Cheniere Partners Holdings shareholders will receive a fixed ratio of 0.475 …
