Suncor Energy reports first quarter 2019 results
May 1, 2019
Suncor Energy reports first quarter 2019 results
Without Pipeline Capacity to Ports Canada’s Energy Sector Lost C$20.6 Billion in Foregone Revenues in 2018
May 1, 2019
Forced to sell to U.S. at a $26.50 per barrel discount to WTI Lack of pipeline capacity is driving down the price of Canadian oil, costing the country’s energy sector C$20.6 billion in lost revenues last year, Canadian public policy think-tank Fraser Institute calculates in a new study. “Without sufficient pipelines to coastal ports, Canadian oil producers must sell their
Ensco Rowan plc Reports First Quarter 2019 Results
May 1, 2019
Ensco Rowan plc Reports First Quarter 2019 Results
PNM to Expand Transmission Grid to Support Renewable Energy
May 1, 2019
PNM to Expand Transmission Grid to Support Renewable Energy
Shale M&A: We Are “Always Available” – Concho
May 1, 2019
“We’re always available for someone to acquire some ownership if they would like” By Richard Rostad, analyst, Oil & Gas 360 Concho Resources (ticker: CXO) announced first quarter results today, showing a net loss of $695 million, or ($3.49) per share. Like many other companies in this quarter, Concho saw major derivative losses in the quarter. If these are excluded,
ExxonMobil appoints MotorActive as a new authorised distributor for Mobil lubricants in Australia
May 1, 2019
ExxonMobil appoints MotorActive as a new authorised distributor for Mobil lubricants in Australia
Alberta Enacts Law That Could Cut Energy Flows to British Columbia
May 1, 2019
From Reuters The new Alberta government has enacted a law enabling it to restrict the flow of oil and gas to neighboring British Columbia, raising the stakes in a dispute between Canada’s westernmost provinces over the Trans Mountain pipeline. Alberta Premier Jason Kenney and his United Conservative Party Cabinet, which took office on Tuesday, proclaimed the “Preserving Canada’s Economic Prosperity
Hyduke Announces Filing of Year-End Materials
May 1, 2019
Hyduke Announces Filing of Year-End Materials
OPEC’s Volatile Politics Led to Steady Oil Production Last Month
May 1, 2019
From Bloomberg The volatile politics of OPEC nations meant that oil production from the cartel held steady last month, as losses in some members were offset by gains in others. Iran’s output slumped once again as the U.S. government moved to tighten sanctions, while Libya’s rose as it revived its biggest oil field following local unrest, according to a Bloomberg
American Refiners Clean Up Their Act as OPEC Shipments Dry Up
May 1, 2019
From Bloomberg Oil refiners in the U.S. are using more light crude to fill the gap from the sludgy, sulfurous stuff they used to get from OPEC. Crude shipments from the 14-member cartel to American ports dipped to a 33-year low in February in part because of the pact between OPEC and allied producers to curb output and forestall a global glut.
Will the Uprising in Venezuela Affect the Country’s Oil Production?
May 1, 2019
From Stratfor The attempted military uprising in Venezuela in support of opposition leader Juan Guaido carries with it significant risks for Venezuelan oil production. The uncertainty over how many military units support Guaido and how far they will go to pressure the government of President Nicolas Maduro will be the main risk in the coming days. Though virtually all known military movements
Pipelines, Processing, Shipping Pay: Enterprise Products Partners Sets 11 Records
May 1, 2019
More capacity coming: another $3.5 billion of projects now under construction will go into service in 2019 Houston’s Enterprise Products Partners L.P. (stock ticker: EPD, $EPD) reported record net income attributable to limited partners of $1.3 billion, or $0.57 per unit on a fully diluted basis for Q1 2019. 2018’s Q1 net income came in at $901 million, or $0.41
