Articles by: Bevo Beaven, Editor
Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017
U.S.’s 2020 crude oil production en route to 13.3 MMBOPD – EIA
By Bevo Beaven, Editor, Oil & Gas 360
There’s no doubt that production around the U.S. oilpatch is continuing its significant upward momentum.
In the heart of the …
We Will Retain Production Cuts Nine More Months: OPEC+
I have no doubt U.S. shale will peak, plateau and decline
By Bevo Beaven, Editor, Oil & Gas 360
At today’s press conference following OPEC’s annual meeting in Vienna, Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih, …
Devon Closes Canada Deal
By Bevo Beaven, Editor, Oil & Gas 360
Devon Energy Corp. (stock ticker: DVN) has completed the sale of its Canadian business segment to Canadian Natural Resources (stock ticker: CNQ) for CAD $3.8 billion, or US $2.8 billion.
Devon secured …
CNOOC Signs 100-Day Jack-Up Extension with Maersk in the UK Shelf
By Bevo Beaven, Editor, Oil & Gas 360
Maersk Drilling (stock ticker: DDRLF) said that its customer CNOOC subsidiary CNOOC Petroleum Europe has exercised a one-well option for its Mærsk Innovator jack-up rig in the North Sea. CNOOC will use …
50 Bcf of Gas Infrastructure Assets Sell for $215 Million Cash
By Bevo Beaven, Editor, Oil & Gas 360
Martin Midstream Partners L.P. (stock ticker: MMLP) has entered into a definitive agreement with Hartree Cardinal Gas, LLC, a subsidiary of Hartree Bulk Storage LLC, to sell its membership interests in Arcadia …
Executive Shuffleboard at Calfrac
By Bevo Beaven, Editor, Oil & Gas 360
Calfrac Well Services Ltd. (stock ticker: CFW) announced a number of executive changes:
- President and CEO Fernando Aguilar announced his retirement;
- Calfrac COO Lindsay Link has been promoted to president and chief
NextDecade Names New Chairman
NextDecade Corporation (stock ticker: NEXT) said that its board has elected company CEO Matthew K. Schatzman to serve as chairman, effective June 4, 2019.
Schatzman replaces Matthew W. Bonanno, who served as interim chairman since May 14, 2019, following the …
Eni VP Andrew Lees to Keynote EnerCom Conference Luncheon Aug. 14, 2019
EnerCom has booked global oil and gas giant Eni, SpA Vice President Andrew Lees to deliver the keynote luncheon address at The Oil & Gas Conference® on Aug. 14, 2019. The conference is August 11-14, 2019, at the Westin Denver …
Continental Resources to Shareholders: ‘This is For You’
Company initiates a quarterly dividend, launches $1 billion share buyback, bumps free cash flow projection to $5 billion
Continental Resources, Inc. (NYSE: CLR) has entered full shareholder payback mode.
The company said today that its board approved the initiation of …
Oil and Gas Funding is Evolving: An Oil & Gas 360® Special Report
For now, Wall Street has turned off the shale funding spigot
By Bevo Beaven, Editor, Oil & Gas 360, with Richard Rostad, Analyst
Oil and gas funding is evolving. Initial public offerings, secondaries and follow-on equity raises are no longer …
Gas Giant: the Stars Align for the Haynesville Shale
Oil & Gas Publishers Note 3/7/2020: The Haynesville Shale continues to be a steady producer. With the recent decline in rig counts the Haynesville has even added one last week. Keep up to date on the rig counts at the
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Trade War Comes With an Unexpected Bonus: More Trade
From Bloomberg
A few days before Christmas, the container ship “SM Shanghai” was steaming toward California’s Port of Long Beach. Just ahead and coming to the end of an 11-day journey from China, the “Ever Lucent” was headed for the …
Korean Shipyards End Year with More LNG Carrier Orders
From Marine Log
Korean shipbuilders ended the year by continuing to reel in orders for LNG carriers.
In a regulatory filing on Monday, Samsung Heavy Industries Co., said it had won a contract worth 426 billion won (about $378 million) …
Connected, Autonomous Commercial Vehicles Face Daunting Cyber Threats
From Commercial Carrier Journal
Complex cybersecurity threats, where security breaches could have devastating consequences in terms of lost productivity, disrupted supply chains, and plummeting revenues, are among lingering concerns for connected and autonomous vehicles, according to a recent analysis from …
Plenty of Work for Lawyers from the Top Mergers and Acquisitions of 2018
Most mergers and acquisitions are aimed at increasing scale so companies can win a bigger chunk of their industry market.
That proved true in 2018, but many companies struck deals for other reasons: some to simplify …
