Ballard Announces Order From Wrightbus For 20 Fuel Cell Modules to Power London Buses
May 13, 2019
Ballard Announces Order From Wrightbus For 20 Fuel Cell Modules to Power London Buses
Productivity Rebound Drives Higher Effective Rig Count
May 13, 2019
ERC up 29 as strong productivity outweighs declining activity By Richard Rostad, analyst, Oil & Gas 360 Oil & Gas 360 has released its latest Effective Rig Count, evaluating the state of drilling activity and reported production from the major shale basins. The Effective Rig Count rise in April, breaking a four-month slide, with an effective 29 rigs coming online in
Bankruptcy Looms for Oil and Gas Companies
May 13, 2019
Weatherford plans pre-packaged Chapter 11 By Richard Rostad, analyst, Oil & Gas 360 The Q4 2018 price crash is poised to claim several victims, as Weatherford (ticker: WFT) is filing Chapter 11 and two E&P companies are likely to announce bankruptcy in the coming days. Once valued over $25 billion, Weatherford was hit hard by the 2014 downturn. While many
Oklahoma Corporation Commission approves OG&E power plant acquisitions; 506 MW generating capacity to benefit customers
May 13, 2019
Oklahoma Corporation Commission approves OG&E power plant acquisitions; 506 MW generating capacity to benefit customers
Energy Deals Ice Over in Canada
May 13, 2019
From Bloomberg While the $38 billion takeover of Anadarko Petroleum Corp. has been seen as a potential catalyst for a wave of U.S. oil industry consolidation, the market for energy deals north of the border remains frigid, with few potential sparks seen on the horizon. There have been 14 announced offers for Canadian exploration and production assets for a total value of $30.9 million
Europe Bailed Out by Cheap LNG
May 13, 2019
From Bloomberg In the Netherlands, once Europe’s largest natural gas supplier, one of the big questions is how to deal with declining production and increasing reliance on imports. For hundreds of energy traders, utility executives and analysts gathering in Amsterdam this week for the Flame Conference, the Netherlands epitomizes the European energy security situation. Whether through pipelines from Russia or
Pemex Gets Record $8 Billion Loan in Bid to Reassure Investors
May 13, 2019
From Bloomberg Mexico moved to bolster investor confidence in its embattled state oil company, announcing an unprecedented $8 billion syndicated loan along with new tax breaks for the energy producer. Petroleos Mexicanos officials signed the financing agreement with JPMorgan Chase & Co., HSBC Holdings Plc and Mizuho Financial Group Inc. alongside President Andres Manuel Lopez Obrador at a morning news conference.
Bar Rises for Shale Takeovers as Chevron Bows Out of Anadarko Fight
May 13, 2019
From Reuters Chevron Chief Executive Michael Wirth’s decision to opt out of a bidding war for Anadarko Petroleum Corp has raised the bar for deals, and dampened expectations that oil majors will drive a new wave of consolidation in U.S. shale. Wirth last week ruled out increasing his $33 billion offer for Anadarko after being outbid by Occidental Petroleum Corp,
Two Saudi Oil Tankers, Norwegian Ship Apparently Attacked near the Persian Gulf
May 13, 2019
The latest U.S. State Department advisory simply warned: “Do not travel to Iraq” From the Washington Post BEIRUT — Two Saudi Arabian oil tankers and a Norwegian ship were damaged over the weekend near the Persian Gulf in what Saudi Arabia claimed Monday was an “act of sabotage,” further heightening regional tensions with Iran. There was no immediate indication as to who
Badger Daylighting Ltd. Announces Strong First Quarter 2019 Results
May 13, 2019
Badger Daylighting Ltd. Announces Strong First Quarter 2019 Results
Martin Midstream Partners L.P. Reports Service Disruption and Structure Damage at Neches Terminal Location
May 13, 2019
Martin Midstream Partners L.P. Reports Service Disruption and Structure Damage at Neches Terminal Location
Pacific Oil & Gas Ltd. To Acquire Canbriam Energy Inc.
May 13, 2019
Pacific Oil & Gas Ltd. To Acquire Canbriam Energy Inc.
