The Drilling Productivity Report, released monthly by the Energy Information Administration, expects production in all seven listed regions to rise in February even though companies are laying down rigs and reducing operations.
The two respective giants of the oil and …
Oil prices, which have fallen by more than half since June, need to drop even further and stay there for the first half of the year for the market to find a balance between supply and …
The Board of Supervisory Directors of Core Laboratories N.V. (NYSE: “CLB US” and Euronext Amsterdam: “CLB NA”) has announced a cash dividend of $0.55 per share of common stock payable in the first quarter of 2015. This amount represents a …
Australian energy major Woodside Petroleum Ltd (ticker: WPL) and India’s infrastructure conglomerate Adani Enterprises Ltd (ticker: ADANIENT) signed a memorandum of understanding …
While many liquid natural gas (LNG) projects are being put on the back burner due to the low oil price environment, the Alaska LNG project continues to march on.
The project, which …
Barclays’ coverage initiation on the oilservice sector last week could very well be summed up in two words: budget cuts.
The London-based banking company says approximately 90% of the oilservice group is historically correlated to oil prices, and the dropping …
Core Lab Announces Q1 2015 Quarterly Dividend; Increases Quarterly Dividend By 10% To $0.55 Per Share
…
Northern Oil and Gas, Inc. (ticker: NOG), is an independent oil and gas producer that has one of the largest …
CAMAC Energy Terminates the Northern Offshore Energy Searcher Drilling Rig Contract
…The plunge in global crude oil prices has helped boost U.S. natural gas imports to the most in at least seven years, even as the country prepares to start exporting cargoes.
Deliveries to onshore pipelines from liquefied …
In its Oil Market Report sent to clients today, DNB Bank’s Oslo research team led by oil market analyst Torbjørn Kjus, said “we now believe prices have dropped to unsustainably low levels …
With oil losing more than 50% of its value in six short months, United States shale producers are increasingly feeling the market squeeze as they struggle to competitively price …
Several of India’s oil companies’ stocks are up today, recovering from sharp falls earlier in the week. The gains made by the companies led to a rally in the country’s energy …
As oil prices have plunged, US gas demand has soared, something that seemed unlikely just a few years ago.
According to Morgan Downey, CEO of Money.net, “A few years ago people were saying that US …
At 30.05 MMBOPD, OPEC member countries are today realizing approximately $1.453 billion less (using a WTI price) in gross revenue per day than they did six months ago. Since Saudi Arabia announced its decision back on November 27, 2014, to …
With the House of Representatives passing legislation on TransCanada’s (ticker: TRP) Keystone XL pipeline for the tenth time in three years, and the Nebraska Supreme Court removing legal roadblocks …
Bellatrix to present at the TD Securities 2015 London Energy Conference
…
Yesterday a client said, “It feels like 1986.” We haven’t heard that since 1986, and that year was a pivotal one.
The United Kingdom and France announced plans to construct the …
Canada’s TSX stock market continued its rise today after falling earlier this week thanks to positive U.S. economic data and firmer oil prices. Some oil companies are beginning to …
Senators John Barrasso (R-WY) and Martin Heinrich (D-NM) introduced a bipartisan bill to Congress this week that will help to speed up approval times for liquid natural gas (LNG) …
Halcon Resources Corporation (HK) (“Halcon” or the “Company”) today announced additional reductions to its 2015 drilling and completion budget.
Halcon’s drilling and completions budget for 2015 is $375 – 425 million. Capital will be directed towards locations in …
SandRidge Energy, Inc. (the “Company”) (SD) today announced financial results for the quarter that ended September 30, 2014. The Company also filed restated results for quarterly periods in 2013 and 2014.
Eddie LeBlanc, SandRidge’s Chief Financial Officer and …
The White House does not feel pressure to loosen restrictions on U.S. oil exports further and views debate over the issue as resolved for now, John Podesta, a top aide to President Barack Obama, told Reuters …
NATURAL GAS INVENTORY (Week Ended 1/2/15)
Current: 3,089 Bcf
Actual Injection/(Withdrawal): (131) Bcf
Economist Average Estimate: (121) Bcf
Previous: 3,220 Bcf
Production in the Permian Basin was impacted this last week due to freezing rain and temperatures dropping into single digits, according to news releases from Energen (ticker: EGN)…
SandRidge Energy, Inc. Updates Shareholders on Financial Results for Third Quarter 2014 and First Nine Months of 2014
…PetroQuest Energy Inc. (PQ) Hits New 52-week Low During January 08 Session
…
Effects from the oil price slide are being celebrated by the average American consumer. AAA reports Americans may save as much as $75 billion in fuel costs in 2015, or $550 per household, which amounts to the lowest in more …
