Spending down 23% production growth down 8% By Richard Rostad, analyst, Oil & Gas 360 WPX Energy (stock ticker: WPX) is tapping the brakes on its growth plans, becoming the latest oil company to moderate guidance in the face of lower oil prices. WPX first released 2019 guidance in its Q3 earnings report in late October. WTI was $65.31 at
From Bloomberg Norway has built a reputation as one of the calmest and most predictable corners of the global oil industry, but lately it’s been full of surprises. During the worst downturn in a generation, from 2014 to 2016, companies would regularly exceed official forecasts as oil production rose in defiance of falling prices. More recently, with crude surging back to multiyear
From Reuters China’s imports of liquefied natural gas (LNG) rose to another monthly record in January, even as the country grapples with high gas inventories amid a warmer-than-usual winter, according to shipping data and industry sources. The world’s second-largest LNG importer took 6.55 million tonnes of LNG in January, beating the previous record hit in December by nearly 2 percent,
From Reuters British chemical manufacturer Ineos has called on the UK government to change its ‘unworkable’ rules on gas fracking which it says could force the closure of the industry. Ineos has the largest shale gas license acreage in Britain and wants to develop the sites to cut its reliance on imported gas, which it says will dramatically reduce its
Concho Resources Inc. Mourns Passing of Board Member Ray Poage
RGC Resources, Inc. Reports First Quarter Earnings
RGC Resources Holds Annual Shareholders Meeting
Ecolab Announces Plan to Spin off Its Upstream Energy Business as an Independent Public Company; Expects Fourth Quarter 2018 Diluted EPS of $1.48, with Adjusted Diluted EPS of $1.54; Forecasts 10%-14% Full Year 2019 Adjusted EPS Growth
From Reuters Russian oil output declined to 11.38 million barrels per day (bpd) in January, or by around 35,000 bpd from the October 2018 level, the baseline for the global oil accord, missing the deal’s target, Energy Ministry data showed on Saturday. This was down from 11.45 million bpd in December, a record monthly high. In tonnes, oil output reached
Pembina Pipeline Corporation Announces Positive Final Investment Decision on an Integrated Petrochemical Facility
From E&E News A contract to sell electricity to Pacific Gas and Electric Co., California’s largest utility, was historically the gold standard in the renewables business. Not anymore. The San Francisco-based power company’s bankruptcy has thrown the Golden State’s renewable market into flux, creating uncertainty for an industry shouldering much of the burden associated with greening California’s economy. Analysts do
Early spring rains bring rise in methane emissions across Alaska
