The United States technological revolution has made rock stars out of flashy, emerging new plays like the Bakken, Niobrara and Utica. And everybody wants to get in on the next hot area. Oklahoma, on the other hand, is old school. It’s a model of consistency when it comes to United States energy development. The Sooner State has always been among
U.S. court allows oil sales from Kurdistan Iraq’s Kurdish Semi-autonomous region is increasing international oil sales without the approval of Iraq’s central government. The U.S. Court of Appeals for the Fifth Circuit in New Orleans dismissed the Kurdistan Regional Government’s (KRG) bid to overturn an earlier ruling against a planned sale of oil to an unidentified buyer in the U.S.,
Assets could be worth $1 billion, according to estimates ConocoPhillips (ticker: COP), the third-largest North American oil and gas producer, is looking to divest assets in Western Canada to various buyers including Canadian Natural Resources (ticker: CNQ), sources familiar with the matter told Bloomberg. The sources shared the information under the condition of anonymity due to the private nature of
Projected Average Annual Capex from 2017-19 will be 33% Below Capex from 2013-14 Margins are as important as ever in the new commodity environment, and Total S.A. (ticker: TOT) is setting some high benchmarks to reduce costs as much as possible. In a corporate strategy and outlook presentation on September 23, 2015, the France-based exploration and production company increased its
Schlumberger waits for approval from Russia’s Federal Antimonopoly Service Oilfield service giant Schlumberger (ticker: SLB) is quickly approaching the most recent deadline for the acquisition of Russian oilfield service company Eurasia Drilling Company (ticker: EDC). The deal was originally announced in January, despite the increasingly strict sanctions from the West on Russia for its involvement in Crimea, and the fall
IRVING, TX–(Marketwired – Sep 24, 2015) – Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the “Company” or “Magnum Hunter”) announced today that the Board of Directors has appointed Chris Hewitt as Vice President – Finance and Capital Markets effective September 15, 2015. Mr. Hewitt, age 45, will report directly to Gary C.
From Bloomberg Repsol SA, Spain’s biggest oil company, is exploring options including a sale of part or all of its stake in Gas Natural SDG SA to shore up its balance sheet amid low oil prices, according to people familiar with the matter. Repsol, whose 30 percent stake in the Spanish natural gas distributor is valued at about 5.2 billion
From Reuters Casting the fight against climate change as an urgent moral duty, Pope Francis in June urged the world to phase out highly-polluting fossil fuels. Yet in the heart of U.S. oil country several dioceses and other Catholic institutions are leasing out drilling rights to oil and gas companies to bolster their finances, Reuters has found. And in one
Economic indicators positive, sideways and negative Yellen says she expects FED will raise rates in 2015 if employment grows Bill Gross criticizes the FED’s zero policy U.S. Bank Chief Investment Officer John De Clue, in a presentation to Denver area businesses, called for oil prices to eventually settle back at $60 per barrel. De Clue pointed to the lingering global oversupply and
From Reuters BISMARCK, N.D., Sept 24 (Reuters) – North Dakota is poised to give the energy industry up to two extra years to curb the amount of natural gas burned off at oil wells, a move that would ease worries pipeline construction delays make it impossible to meet aggressive flaring standards. Governor Jack Dalrymple and the two other members of
HOUSTON, Sept. 24, 2015 /PRNewswire/ — Thigpen Energy (“Thigpen”, or “the Company”) today announced the re-launch of the Thigpen Energy brand. Effective October, 1, 2015, Thigpen Energy will be spun out of TRF Energy Solutions and will become a stand-alone portfolio investment for Intervale Capital. In March 2015, Thigpen Energy’s management team decided to change its market focus to industrial
From The Business Journals Is your company’s IT infrastructure prepared for an influx of millennial employees? Within the next decade, millennials are expected to dominate 75 percent of the workforce — and a growing number of employers are getting prepared for this massive shift in the labor market by investing in millennial-friendly technologies. Are you ready? According to new research
