Archive for July, 2015

Source: Gassco Karsto Pipes

Natural Gas Production and Consumption in May the Highest on Record – EIA

Both consumption and production of natural gas in the U.S. were the highest on record for the month of May in 2015

The Energy Information Administration (EIA) reported today that dry natural gas production was the highest ever recorded in …

July 31, 2015 - 6:59 pm Oil and Gas 360 Articles
Greenpeace International Founder Says Environmental Movement has Left the Rails: an exclusive Oil & Gas 360® interview – Part One

Greenpeace International Founder Says Environmental Movement has Left the Rails: an exclusive Oil & Gas 360® interview – Part One

Former self-described “radical environmental activist” Dr. Patrick Moore tells Oil & Gas 360® why he left Greenpeace: 

  • Teaching kids that humans are bad and that we are the enemies of the earth is an extremely self-defeating and scientifically incorrect

Oil Rigs Climb, Oil Prices Dip, Production Already Rolled Over

Oil Rigs Climb, Oil Prices Dip, Production Already Rolled Over

Rig count for the week ended July 31, 2015

The total number of rigs actively drilling for oil or natural gas in the United States declined this week to 874, down two from last week. The number of rigs drilling …

Hatch, Barrasso and Enzi Introduce Senate Bill to Stop Frac Regulation Duplicity

Bill to End Crude Export Ban Passes ENR Committee 12-10, Faces Full Senate

Senate Committee on Energy and Natural Resources seeks to end crude export ban

The U.S. Senate Committee on Energy and Natural Resources (ENR) passed a bill that would end the ban on the export of U.S. crude oil yesterday by …

Bonavista Energy Annouces Q2 Results

Bonavista Energy Annouces Q2 Results

Bonavista Energy Corporation Announces 2015 Second Quarter Results

Bonavista Energy Corporation (“Bonavista”) (TSX:BNP) is pleased to report to shareholders its financial and operating results for the three and six months ended June 30, 2015. Exceeding the mid-point of our guidance, …

July 31, 2015 - 4:07 pm Canada
Source: Energybc.ca

Canadian Oil Sands Reports Q2

Canadian Oil Sands’ Second Quarter Results Reflect Continued Progress on Syncrude’s Cost Reduction Efforts

Canadian Oil Sands Limited (TSX: COS) (OTCQX: COSWF)

All financial figures are unaudited, have been prepared in accordance with Canadian Generally Accepted Accounting Principles

July 31, 2015 - 4:00 pm Canada
Enbridge Reports Q2 Earnings

Enbridge Reports Q2 Earnings

Enbridge Reports Second Quarter Adjusted Earnings of $505 Million or $0.60 Per Common Share and Available Cash Flow From Operations of $808 Million or $0.96 Per Common Share

HIGHLIGHTS

(all financial figures are unaudited and in Canadian dollars unless otherwise

July 31, 2015 - 3:58 pm Canada
TransCanada Reports Q2 and Dividend

TransCanada Reports Q2 and Dividend

TransCanada Reports Strong Second Quarter 2015 Financial Results

TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced net income attributable to common shares for second quarter 2015 of $429 million or $0.60 per share compared to $416 million or $0.59 per share

July 31, 2015 - 3:54 pm Canada
Suncor Energy Announces Q2 and Increased Dividend

Suncor Energy Announces Q2 and Increased Dividend

Suncor Energy announces Q2

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued …

July 31, 2015 - 3:49 pm Canada
Baytex Reports Q2

Baytex Reports Q2

Baytex Reports Q2 2015 Results

Baytex Energy Corp. (“Baytex”) (TSX:BTE)(NYSE:BTE) reports its operating and financial results for the three and six months ended June 30, 2015 (all amounts are in Canadian dollars unless otherwise noted).

“Given the current low crude …

July 31, 2015 - 3:46 pm Canada
OPEC Head Says Oil Prices Will Not Fall Further

OPEC Head Says Oil Prices Will Not Fall Further

OPEC sees higher demand balancing markets

OPEC Secretary General Abdalla Salem El-Badri said the organization does not expect prices to fall any lower as demand picks up in 2016 and continues to grow through the end of the decade. “The …

Puerto Rico nears default as debt restructuring beckons

Via Reuters

Puerto Rico’s expected default on debt due Saturday would be the start to what could end up becoming one of the largest municipal restructurings, with the potential to open the door to a fight with investors and spark

July 31, 2015 - 12:40 pm Energy News

Magellan Petroleum Regains Compliance With NASDAQ Listing Requirements

Magellan Petroleum Regains Compliance With NASDAQ Listing Requirements

July 31, 2015 - 6:00 am 360 Company Releases

Dawson Geophysical to Issue Second Quarter 2015 Results and Hold Investor Conference Call

Dawson Geophysical to Issue Second Quarter 2015 Results and Hold Investor Conference Call

July 31, 2015 - 6:00 am 360 Company Releases
Higher Gasoline Costs Sent Consumer Price Index Soaring in April - 360

U.A.E. set to Raise Fuel Prices 24%, Remove Subsidies

The United Arab Emirates will be First Persian Gulf Country to Cut Subsidies

The United Arab Emirates (U.A.E.) will become the first country in the Persian Gulf to remove fuel subsidies. The move will increase unleaded gasoline prices 24% next …

July 30, 2015 - 7:19 pm International, Oil and Gas 360 Articles, OPEC
Refiners Ask EPA to Adjust Renewable Fuel Standards

Refiners Ask EPA to Adjust Renewable Fuel Standards

Refiners say making them the obligated party for fuel blending is “misguided”

Independent refiners are asking the Environmental Protection Agency (EPA) to shift responsibility for complying with biofuel programs from refiners to fuel blenders. Delta Airlines’ (ticker: DAL) Monroe Energy …

July 30, 2015 - 6:50 pm Downstream, Oil and Gas 360 Articles, Regulatory

Miller Energy Responds to Notice of Delisting of Its Securities on the New York Stock Exchange

Miller Energy Responds to Notice of Delisting of Its Securities on the New York Stock Exchange

July 30, 2015 - 5:30 pm 360 Company Releases

US judge rules Greenpeace in contempt for Oregon protest

Judge rules Greenpeace will be fined $2,500 an hour if protest blocking Shell ship continues

A federal judge on Thursday ordered Greenpeace USA to pay a fine of $2,500 for every hour that protesters dangling from a bridge in Oregon …

July 30, 2015 - 5:23 pm Energy News

Exxon moves toward Beaumont, Texas refinery expansion

Story by Reuters

Exxon Mobil Corp has pulled together a group of experts at its sprawling Beaumont, Texas, refinery to do more detailed studies to add a third crude distillation unit that could make it the top fuel-making plant in …

July 30, 2015 - 5:21 pm Energy News

ONEOK Partners to Further Expand Permian Basin Capacity to Serve Natural Gas Markets in Mexico

ONEOK Partners, L.P. (OKS) today announced plans to invest $70 million to $100 million to expand its ONEOK WesTex Transmission (ONEOK WesTex) intrastate natural gas pipeline system by increasing its throughput capacity by 260 million cubic feet per …

July 30, 2015 - 5:15 pm Energy News
B.C. First Nation Postpones Vote on $1.6 Billion LNG Plant

B.C. First Nation Postpones Vote on $1.6 Billion LNG Plant

Squamish First Nation conditions can be met, just need time to work out the details

The Squamish First Nation has postponed a vote over a proposed $1.6 billion liquefied natural gas (LNG) plant in its traditional territory while it negotiates …

July 30, 2015 - 4:42 pm Canada, LNG, Oil and Gas 360 Articles
Post Sanctions Iran: a 5 MMBOPD Reality Check

Post Sanctions Iran: a 5 MMBOPD Reality Check

P5+1 used financial isolation to force Iran to nuclear negotiation table

A sanctions regime was put in place against Iran starting in 2005 when the international community found that the Middle Eastern country was not in compliance with its obligations …

Natural Gas Roundup for the Week Ended July 24, 2015

Natural Gas Roundup for the Week Ended July 24, 2015

roundup2NATURAL GAS INVENTORY (Week Ended 7/24/15)

Current: 2,880 Bcf

Actual Injection/(Withdrawal) per EIA: 52 Bcf

Economist Average Estimate per Bloomberg: 55 Bcf

Previous: 2,828 Bcf

Click here for the chart with five year averages.

Click here for an archive of

July 30, 2015 - 11:04 am Oil and Gas 360 Articles

EQT Releases Seven-Day Data for Utica Well

EQT Corporation (EQT) today announced completion of the flow-back operation on its Scotts Run 591340 dry Utica well located in Greene County, Pennsylvania. Last week, EQT Corporation announced the well’s 24-hour deliverability test of 72.9 MMcf per day, …

July 30, 2015 - 10:13 am Energy News

Norwegian Government Faces Fluctuating Dividend Following Statoil’s Dollar Decision

Story by The Wall Street Journal

Statoil ASA, the Norwegian oil company, has justified its decision to report quarterly earnings in dollars instead of local kroner from next year by the need to make its results more predictable in …

July 30, 2015 - 10:11 am Energy News
VAALCO Energy: Credit Facility Re-Determination Unchanged at $65 Million

VAALCO Energy: Credit Facility Re-Determination Unchanged at $65 Million

VAALCO Energy, Inc. (EGY) announced today that the borrowing base under its revolving credit facility was reaffirmed at the full $65 million level, the maximum capacity provided for under the facility. The redetermination was a result of the …

July 30, 2015 - 9:40 am Analytics, Energy News

VAALCO Energy Announces Results Of IFC Credit Facility Re-Determination

VAALCO Energy Announces Results Of IFC Credit Facility Re-Determination

July 30, 2015 - 8:00 am 360 Company Releases

Samson Oil & Gas Lodges June 2015 Quarterly Report and Appendix 5B

Samson Oil & Gas Lodges June 2015 Quarterly Report and Appendix 5B

July 29, 2015 - 8:30 pm 360 Company Releases

Enbridge Energy Partners Announces Actions to Strengthen Midcoast Energy Partners and Planning Next Drop-Down to Midcoast in 2016

 Enbridge Energy Partners, L.P. (NYSE: EEP) (“Enbridge Partners”) has entered into an amendment to the Midcoast Operating, L.P. (“Midcoast Operating”) limited partnership agreement to allow for increased allocations of distributable cash flow to Midcoast Energy Partners, L.P. (NYSE: MEP) (“Midcoast …

July 29, 2015 - 7:08 pm Energy News
Texas Reduces Franchise Tax by 25%

Texas Reduces Franchise Tax by 25%

Governor Greg Abbott signs H.B. 32, further reducing tax burden for Texas businesses

Texas Governor Greg Abbott signed House Bill 32, the Franchise Tax Reduction Act of 2015, into law this month. The legislation permanently reduces the Texas Franchise Tax …

July 29, 2015 - 6:01 pm Oil and Gas 360 Articles