Texas COLT Submits Application with MARAD for Deepwater Port Project
January 31, 2019
Texas COLT Submits Application with MARAD for Deepwater Port Project
SoCalGas Highlights Payment Options for Federal Employees Affected by Government Shutdown
January 31, 2019
SoCalGas Highlights Payment Options for Federal Employees Affected by Government Shutdown
ConocoPhillips Reports Its First Annual Profit Since 2014
January 31, 2019
Earned $6.3 billion in 2018 The country’s largest independent E&P announced fourth quarter results today as ConocoPhillips (stock ticker: COP) ($COP) showed earnings of $1.9 billion, or $1.61 per share. The company earned a total of $6.3 billion in 2018, or $5.32 per share. Conoco has been firing on all cylinders since mid-2017, and has reported six straight quarters of
Here is Where Drilling, Completions Are Going in 2019
January 31, 2019
Core Lab is testing Midland and Delaware, reveals trends for completions in 2019 Core Laboratories (stock ticker: CLB) announced fourth quarter results today and detailed some important trends it sees for the industry in 2019. Core Lab reported net earnings of $8.8 million, or $0.20 per share. The company reported 173.2 million in revenue in Q4, up 2% year-over-year. Permian
ExxonMobil to Restructure Upstream Business by April 1
January 31, 2019
ExxonMobil centralizing via four new companies The world’s largest publicly-traded integrated oil company, ExxonMobil, is retooling its upstream business to support its corporate plan to double operating cash flow and earnings by 2025. “We’re simplifying and integrating our upstream organization to better capitalize on the industry-leading portfolio we’ve assembled through acquisitions and exploration success in the U.S. Permian Basin, Guyana,
The Middle East’s Once-Hot LNG Market Faces a Decade-Long Slump
January 31, 2019
From Bloomberg The Middle East was a bright spot for global liquefied natural gas demand in 2015. Now imports have plummeted so much that it could take a decade to recover. Last year’s 37 percent slump and the prolonged negative outlook is in contrast to the region’s two-year LNG demand surge that outpaced global growth, according to BloombergNEF and ship-broker
Proshares Ultra Oil & Gas $DIG Technical Update
January 31, 2019
Proshares Ultra Oil & Gas $DIG Technical Update
Venezuela’s Citgo Weighs Bankruptcy, Other Options Amid Political Fight
January 31, 2019
From The Wall Street Journal Venezuela’s Citgo Petroleum Corp. is considering various options, including filing for bankruptcy in the U.S., to protect its operations amid a fight between the Trump administration and Venezuela’s ruling leftist government over control of the South American country’s state-owned energy assets, according to people familiar with the matter. Citgo, one of the largest refiners in
Prairie Provident Announces Record Year-End 2018 Reserves and Full-Year Production Volumes
January 31, 2019
Prairie Provident Announces Record Year-End 2018 Reserves and Full-Year Production Volumes
Oil Trains Make Comeback as Pipeline Bottlenecks Worsen
January 31, 2019
From The Wall Street Journal The use of trains to carry crude is surging after dropping in recent years amid concerns about safety, as drillers in parts of North America produce more oil than area pipelines can accommodate. An average of 718,000 barrels of crude a day traversed America’s railways as of October, the latest data available, an 88% increase
