Invesco Dynamic Oil & Gas $PXJ Technical Update
February 15, 2019
Invesco Dynamic Oil & Gas $PXJ Technical Update
Bird River Resources Provides Operations Update
February 15, 2019
Bird River Resources Provides Operations Update
ShaMaran Reports 140% Reserve Replacement Ratio in Atrush, 2019 Guidance
February 15, 2019
ShaMaran Reports 140% Reserve Replacement Ratio in Atrush, 2019 Guidance
Canada Invests in Energy Efficiency Improvements in Brockville
February 15, 2019
Canada Invests in Energy Efficiency Improvements in Brockville
U.S. Rig Count Up, But Most Major States See Activity Fall
February 15, 2019
U.S. drilling up two, Louisiana adds four By Richard Rostad, analyst, Oil & Gas 360 Drilling activity rose in the U.S. this week, marking the second week of modest increases in a row, according to Baker Hughes. A net two rigs began drilling in the U.S. in the week, bringing the national total to 1,051 rigs. Land activity declined by
Marathon Boasts Free Cash At $45 WTI
February 15, 2019
$60 WTI would yield $2.2 billion in free cash in 2019-2020 By Richard Rostad, analyst, Oil & Gas 360 Marathon Oil (ticker: MRO) announced 2018 results and reserves yesterday, showing net earnings of $390 million, or $0.47 per share. Marathon earned just under $1.1 billion in 2018, a major improvement from the $5.7 billion loss the company posted in 2017.
Brent Crude Hits 2019 High Above $65, Buoyed by Output Cuts
February 15, 2019
From Reuters Brent crude oil climbed above $65 a barrel to its highest this year as OPEC-led supply cuts and this week’s announcement of a higher than expected cut by Saudi Arabia encouraged investors. The international oil benchmark reached $65.52 by 1500 GMT on Friday, the 95 cent gain equating to a rise of about 1.5 percent. Brent approached near
North European Oil Royalty Trust Announces the Net Income For The First Quarter Of Fiscal 2019
February 15, 2019
North European Oil Royalty Trust Announces the Net Income For The First Quarter Of Fiscal 2019
U.S. Shale Executives Predict Oil Production Constraints to Remain
February 15, 2019
From Reuters Drilling curbs by oil producers in the largest U.S. shale field will continue until transport bottlenecks ease and investors stop punishing companies for increasing capital spending, executives at an energy conference said on Thursday. The price of crude in the Permian Basin of West Texas and New Mexico fell sharply last year, selling as much as $18 below
Berkshire Wades Into Struggling Canada Oil Patch With Suncor Bet
February 15, 2019
From Bloomberg Warren Buffett’s Berkshire Hathaway Inc. is wading into the struggling Canadian energy industry, taking a stake in oil-sands producer Suncor Energy Inc. The purchase of 10.8 million shares, disclosed in a filing Thursday, was valued at $300.9 million. That marks at least the second time the Omaha-based firm has owned Suncor’s stock; Berkshire previously held a 22.3 million-share stake, which it sold in 2016.
Pemex Assistance Plan Fails to Impress Bondholders
February 15, 2019
From Bloomberg Mexico’s Petroleos Mexicanos, the world’s most indebted oil company, will refrain from issuing new bonds this year and begin prepaying existing liabilities as part of a broad turnaround plan. The peso and the company’s bonds fell on investor doubts that the steps will be enough. Pemex, as the company is known, will boost investment this year to 288.1 billion
Alberta Pushes Refineries in Shadow of Old Money-Eating Project
February 15, 2019
From Bloomberg While Alberta Premier Rachel Notley touts new refineries to ease the Canadian province’s oil woes, one government-backed plant has been eating up taxpayers’ money without giving anything in return. The North West Redwater Partnership’s Sturgeon refinery some 350 kilometers (215 miles) north of Calgary — partly designed to process as much as 37,500 barrels a day of oil-sands bitumen
