Wednesday, July 9, 2025

Frontera and Naftogaz of Ukraine Sign MoU For Upstream and LNG Cooperation

Frontera Resources Corporation (AIM:FRR), an independent international oil and gas exploration and production company, today announces that on 13 July 2015 it signed a strategic Memorandum of Understanding (“MOU”) with Ukraine’s national energy company, National Joint Stock Company Naftogaz of Ukraine. The MOU serves to establish a focused joint effort to work together in upstream exploration and production projects in

Shell expects oil price recovery to take several years

Via Reuters: LONDON (Reuters) – Royal Dutch Shell <RDSa.L> expects oil prices to recover gradually over the next five years, with progress slowed by persistent global oversupply and receding Chinese demand growth. The Anglo-Dutch energy giant is betting on crude rising to $90 a barrel by 2020, a key assumption in its move to buy rival BG Group <BG.L> for

Premiers reach ‘aspirational’ deal on national energy strategy

Via BNN Canada’s premiers have reached a deal on the long-awaited Canadian Energy Strategy that officials describe as aspirational. It sets no Canada-wide hard targets for greenhouse gas emissions reductions but provides a roadmap for expansion of pipelines and the country’s energy industry. Provincial officials told The Globe and Mail on background that each province has its own climate change

Pa. will stop using industry-favored FracFocus database

Via EE News Pennsylvania oil and gas officials are breaking with fellow state regulators and planning to drop the FracFocus website for reporting the chemicals used in hydraulic fracturing. Next year, the state Department of Environmental Protection will shift to using data reported directly to the state by oil and gas companies and integrating it with other data compiled by

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Eagle Ford Rigs Fall Below 100, Canada Continues Gains

The Eagle Fords rig count fell below 100 The number of rigs drilling in the Eagle Ford fell below 100 for the first time since at least February 2011, according to information from Baker Hughes (ticker: BHI). The Eagle Ford lost 4 rigs from this time last week, putting the total number in the basin at 98. The total number

Schlumberger Beats Q2 Consensus by 11% on Cost Efficiencies

Schlumberger announces EPS of $0.88 per share  Oilfield services giant Schlumberger (ticker: SLB) released its second quarter results yesterday, beating expectations substantially despite lower revenues. SLB announced adjusted earnings per share (EPS) of $0.88 per share, beating the consensus of $0.79 per share by 11%. Schlumberger reported total revenue of $9.0 billion dollars for the quarter ended June 30, 2015,

Husky Energy Begins Production at 10 MBOPD Thermal Project

Husky currently has 44 MBOPD of thermal projections operating Calgary based Husky Energy (ticker: HSE) announced today that production has started up at the company’s latest thermal project in Saskatchewan. First oil at the Rush Lake heavy oil thermal project was achieved eight weeks ago. The project is expected to produce 10 MBOPD by the end of the year, according

U.S. oil rolls with OPEC’s punches while Brazil and Canada take hits

Source: Bloomberg Eight months into OPEC’s plan to hit rival oil producers, the casualties are mounting. Surprisingly, the most resilient may be the one that triggered the fight: the U.S. Projections for combined daily output from Brazil, Canada, Russia, Mexico and Colombia by the end of the decade were cut by 2.8 million barrels since oil slumped last year, data

Blackbird Energy: Drilling the Liquids-Rich Window of Canada’s Montney

Canada’s Montney shale play, which stretches from Western Alberta northwest into British Columbia, has traditionally been gas focused, but a liquids- and condensate-rich window in the Montney has been attracting the attention of major names in the oil and gas industry. Companies like Shell (ticker: RDSA), Encana (ticker ECA), Apache (ticker: APA) and CNRL (ticker: CNQ) have all been building

Enterprise Products Partners: $1.5 Billion Midstream Asset Sale Finances Purchase of Eagle Ford Midstream

Divested Assets Worth 3% of EPD’s Gross Operating Margin Enterprise Products Partners (ticker: EPD), the largest master limited partnership in EnerCom’s MLP Scorecard Benchmarking Report, has sold its offshore Gulf of Mexico pipelines and services business to Genesis Energy LP (ticker: GEL) for $1.5 billion. The assets consist of 2,350 miles of offshore crude oil and natural gas pipelines and

Homebuilder offers fueling stations for natural-gas cars

Story by The Republic, www.azcentral.com People who buy a new Fulton home in Queen Creek can add a natural-gas pump in the garage if they want to commute with an alternative-fuel vehicle. The new option will cost about $6,000, adding about $28 to the monthly mortgage payment, Fulton officials said. Fulton Homes unveiled the program with Southwest Gas Corp. and

Kinder Morgan Purchases 100% of Elba LNG, Raises Distribution 14%

KMI buys remaining 49% of joint venture with Shell Kinder Morgan (ticker: KMI) announced today that it has reached an agreement with Royal Dutch Shell (ticker: RDSA) to purchase the remaining equity interest in Elba Liquefaction Company (ELC), a liquefied natural gas (LNG) joint venture between the two companies, for $630 million. Previously, KMI held 51% interest in the project.