Monday, July 13, 2026

If Punxsutawney Phil is Right, the Natural Gas Pain will be Déjà vu All Over Again

An early Spring is on its way – at least, according to America’s favorite amateur weather forecaster. On February 2, 2016, in the small town of Punxsutawney, Pennsylvania, the folk hero groundhog emerged from his burrow and declared his annual prediction to a crowd recovering from libations the night before. The President of the Groundhog Club spoke on his behalf.

Russia

Gazprom Holds First New York Investor Meetings Since its Pivot to Asian Markets

Non-Public Budget Indicates Gazprom Plans to Increase its European Market Share by 2% Russia’s state owned gas giant Gazprom (ticker: OGZPY, Gazprom.com) is hoping to increase its share of the European market to 33% this year, 2% more than in 2015. The company also plans to continue growing through 2018, despite its public message of maintaining supply, according to non-public

U.S. judge says Petrobras investors can sue as group

From Reuters A U.S. judge on Tuesday cleared the way for investors to sue Brazil’s state-run oil company Petrobras as a group in litigation over billions of dollars in losses stemming from a bribery and political kickback scandal. U.S. District Judge Jed Rakoff in Manhattan certified two classes of investors, one for those who bought debt securities Petrobras issued in

Memorial Resource Development Corp. Announces Operational Update, Year-End 2015 Reserves, 2016 Financial and Operational Guidance, Updated Horizontal Drilling Locations and Hedge Restructure

Memorial Resource Development Corp. (MRD) announced today an operational update, year-end 2015 reserves, 2016 financial and operational guidance, updated horizontal drilling locations and hedge restructure.  Highlights include: Operational Update: Estimated fourth quarter 2015 average daily production of 426 MMcfe/d Increased estimated full year 2015 production 72% to 345 MMcfe/d compared to 201 MMcfe/d for full year 2014 Preliminary estimate of