We’re determined to get the gas out: Netanyahu The Israeli Finance Ministry will adhere to demands from Noble Energy (ticker: NBL) and Delek to increase the price of gas from its offshore operations near the country. The two large exploration and production companies have been at odds with the government regarding resource prices and the monopolization of certain projects. The agreement from
Over 200 agreements signed as part of St Petersburg economic forum The St Petersburg International Economic Forum (SPIEF) saw 205 deals signed by various companies. Russian oil major Rosneft (ticker: RNFTF) was one of the most active companies at the event, signing 58 agreements, according to the company. In total, the 205 deals amounted to $293.4 billion, according to Rosneft. Attendance
Cheniere Energy’s Sabine Pass LNG export facility reports progress on construction Cheniere Energy (ticker: LNG) released an update on its Sabine Pass project in Cameron Parish, Louisiana, today. According to the company, engineering and procurement for the first two trains of the project are 100% complete, with construction well under way. Subcontract and direct hire construction work for Stage 1,
Columbia Pipeline Group, Inc. (CPG) (NYSE: CPGX WI), a subsidiary of NiSource Inc. (NYSE: NI), today announced board of directors approval of a combined future investment of $2.7 billion in new infrastructure projects to support the continued development of gas supplies in the Marcellus and Utica shale regions. The Mountaineer XPress (MXP) and Gulf XPress (GXP) projects will provide 2.7 billion
Story by Reuters Click here for the full release from Cheniere Energy Cheniere Energy Inc (AMEX: LNG – news) will get the first supplies in the coming weeks to test the Sabine Pass liquefied natural gas export terminal in Louisiana, industry sources said Wednesday. Sabine Pass is expected to export its first LNG cargo in mid-December, making it the first
Sanctions against Iran have dramatically reduced its crude oil exports The five permanent members of the United Nations Security Council and Germany (P5+1) are set to reach a comprehensive agreement with Iran regarding its nuclear agreement by June 30, potentially lifting the sanctions put on place on the country, and allowing it to export its crude oil. Since the implementation
But oil trades lower Crude oil inventories dropped for the eighth straight week in the Energy Information Administration’s Weekly Petroleum Status Report for the week ended June 19, 2015. Inventories peaked at 490,912 MBO in the last week of April, but have since averaged weekly declines of about 3,490 MBO. The current level of 462,993 MBO is still about 22%
At $60 oil, our wells are very economic: an exclusive OAG360 interview with Great Western Oil & Gas CEO Rich Frommer As summer heats up, the days are winding down on the second quarter of 2015, marking the second full reporting period of oil and gas prices staying near or below the $60/barrel and $3/Mcf range. While the new commodity
John Hofmeister, Former Shell Oil President, Founder of Citizens for Affordable Energy, Author of “Why We Hate the Oil Companies,” and FFF Advisory Board Member Expands Role as a Member of the Board of Directors IRVINE, CA–(Marketwired – Jun 24, 2015) – Fuel Freedom Foundation today announced that John Hofmeister has joined the Foundation’s Board of Directors. Hofmeister will continue
PetroQuest Energy, Inc. (PQ) announced today that it has initiated production from its Thunder Bayou discovery well (NRI – 37%) in Vermilion Parish, LA. The Company plans to monitor the production facility’s performance over the next week as it increases the well’s production to its previously announced expected gross rate of approximately 38,000 Mcfe per day. About the Company PetroQuest
Story by Bloomberg Itochu Corp. ended its $1 billion foray into U.S. shale by selling its 25 percent stake in Samson Resources Corp. back to Samson for $1. The sale reverses the Japanese trading company’s biggest purchase of an energy asset when it was made in 2011. The decision to exit was made because of the state of operations at
Story by the New York Business Journal Barclays has signed a deal with a company building on the technology behind bitcoin as part of its recently complete FinTech accelerator in London. With less than a month until Barclays (NYSE: BCS) kicks off the New York version of the same accelerator, the $80 billion bank has sent a powerful message about
