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Halliburton lays off 650 employees ...

Houston Chronicle Houston oilfield service giant...

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NGL Energy Partners Makes $300 Mill...

By Tyler Losier, Energy Reporter, Oil...

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Cheniere executive put on ‘ga...

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SitePro acquires Integrated Control Solutions

SitePro acquires Integrated Control...

Energy Tech Leader, SitePro, Continues to Transform...

360 Profiles

Featured 360 Articles

  • Source: Reuters/Jessica Lutz

    Oil prices fall about $1 on trade talks uncertainty

    November 18, 2019

    Reuters HOUSTON – Oil prices eased on Monday, giving up some of last week’s gains and edging lower alongside U.S. stocks on uncertainty over a trade deal between the United States and China. Concerns about plentiful crude supplies in 2020 also weighed on the market, which expects OPEC to extend production cuts in early December to help avoid a new[Read More…]

  • Source: Houston Chronicle

    FERC poised to make permit decisions on four LNG export projects in Texas

    November 18, 2019

    Houston Chronicle Federal regulators appear poised to make permit decisions on the applications submitted by four liquefied natural gas export terminals in Texas.   After more than three years of review, commissioners with the Federal Energy Regulatory Commission have placed permit decisions for the four projects on the agenda for the agency’s Thursday morning meeting. Three of the proposed projects[Read More…]

  • Saudi Aramco in race for IPO record with $1.7 trillion top value

    Saudi Aramco in race for IPO record with $1.7 trillion top value

    November 18, 2019

    Reuters DUBAI- Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion sought by Saudi’s crown prince but putting it in the running to become the world’s biggest IPO.   Aramco cannot sell its shares directly to investors in the United States and other markets, as the[Read More…]

  • Source: Baker Hughes, EnerCom Analytics

    U.S. Rig Count drops 11, down to 806 rigs

    November 15, 2019

    This week’s Baker Hughes rig count shows that U.S. numbers declined by 11, resulting in the total count falling to 806 rigs.  Canada decreased over last week as well by 6 rigs, resulting in a total Canadian count of 134 rigs. Breakdown by region Of the regions tracked by Baker Hughes, two regions saw an increase this week; the Mississippian basin[Read More…]

  • Source: Reuters/Richard Brian

    Cowboys owner Jerry Jones has a long-term game plan for Haynesville gas

    November 15, 2019

    Reuters At a time when companies in a U.S. natural gas field have been losing money and exiting Louisiana’s Haynesville shale basin, Dallas Cowboys’ owner Jerry Jones’ Comstock Resources (CRK.N) is picking up cheap assets, betting on the field’s proximity to the growing U.S. Gulf Coast export hub. Reuters on Wednesday reported that Comstock Resources (CRK.N) is in talks to[Read More…]

E&P

Source: Reuters

Occidental reports continued momentum executing against key strategic and financial initiatives

November 14, 2019 — Comments are Disabled

Nov. 13, 2019 /PRNewswire/- (“Occidental” or “the Company”) (NYSE: OXY) today, provided an update on its speed and momentum executing against key strategic and financial initiatives designed to maximize shareholder value following the close of its acquisition of Anadarko Petroleum (“Anadarko”) on August 8, 2019. Occidental’s incremental progress following third-quarter earnings includes: Ecopetrol Joint Venture: Occidental has completed the transaction to[Read More…]

A&D Transactions

Sempra Energy to sell its Peruvian business to China Yangtze for $3.59 billion

Sempra Energy to sell its Peruvian business to China Yangtze for $3.59 billion

September 30, 2019 — Comments are Disabled

Sempra Energy (NYSE: SRE) today announced that it has entered into an agreement to sell its equity interests in its Peruvian businesses, including its 83.6% stake in Luz del Sur S.A.A. (Luz del Sur), to China Yangtze Power International (Hongkong) Co., Limited (CYP). Sempra Energy’s interests will be sold for $3.59 billion in cash, subject to closing adjustments for working capital and net indebtedness[Read More…]

Mergers & Acquisitions

More new oil and gas inventory coming from mergers, not exploration

More new oil and gas inventory coming from mergers, not exploration

November 13, 2019 — Comments are Disabled

Houston Chronicle Increasingly more recoverable barrels of oil and gas around the world are coming from corporate mergers and acquisitions, and not from traditional exploration. As the oil and gas sector cuts down on exploration in order to save money and ease into the energy transition toward more renewables, companies are relying more and more on deal-making to satiate their[Read More…]