Near-Term Gas Decline Expected in All Major Shale Regions
The EIA anticipates declines in natural gas production for the first time The Energy Information Administration (EIA) expects to see near-term declines in the amount of natural gas produced in the seven major shale regions for the first time in September. The number of new wells being brought on in every region will not be able to produce enough to
Stocks leap about 4% in recovery, best day since 2011
Story by CNBC U.S. stocks shot higher on Wednesday, rebounding from six consecutive days of declines that pushed the major averages into correction territory. In addition to an oversold bounce, some analysts also attributed the gains to comments from the Fed’s William Dudley that a September rate hike looks “less compelling” and a strong durable-goods report. The major averages closed about
Not Your Granddaddy’s OFS Provider: Schlumberger and Cameron Are Primed to Change How it’s Done at the Wellhead
Schlumberger Creates “Pore to Pipeline” Business with $14.8 Billion Takeover of Cameron Intl. While Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) labor over the fine print of their proposed merger, their top oil service rival is making moves of its own. On August 26, 2015, Schlumberger (ticker: SLB) announced the $14.8 billion acquisition of Cameron International (ticker: CAM) in
Anadarko Finds Mozambique-Gas Buyers as State Mulls Go-Ahead
Story by Bloomberg Anadarko Petroleum Corp. has clinched almost all the supply accords it needs to bring a natural-gas project in Mozambique to fruition and is awaiting state consent to export the fuel as U.S. competition gathers pace. The company has obtained about 90 percent of the heads of agreement, or non-binding accords, it needs to finance an onshore liquefaction
Petrobras Issues $833 Million in Public Debentures
Petrobras Press Release Petrobras, pursuant to the provisions of Brazilian Securities and Exchange Commission Instruction 358, of January 3, 2002, as amended, hereby announces that it has submitted, on this date, to the Brazilian Financial and Capital Markets Association (ANBIMA), a request for the preliminary analysis of registration for the public offer of simple debentures, not convertible into shares, unsecured,
