Articles by: Bevo Beaven, Editor

Source: HRW.org

German Recession Looming Over Nation’s Industrial Backbone

From American Journal of Transportation

More than half of Germany’s small and medium-sized enterprises think Europe’s biggest economy could contract next year, hobbled by slowing global growth, trade disputes and a stuttering auto sector.

Almost 53 percent of so-called “Mittelstand” …

December 31, 2018 - 6:00 am Closing Bell Story‎, Economy, Energy News, International
The Top Drillers in Texas in 2018

The Top Drillers in Texas in 2018

From The Houston Chronicle

The proof is in the numbers.

Crude oil traded above $60 per barrel for most of 2018, and the higher prices resulted in more drilling activity in Texas, data from the Railroad Commission of Texas shows.…

Transocean Contracts to Supply Two Ultra-Deepwater Drillships to Chevron for Gulf of Mexico

Transocean Contracts to Supply Two Ultra-Deepwater Drillships to Chevron for Gulf of Mexico

$830 million contract
Offshore drilling contractor Transocean Ltd. (stock ticker: RIG) has two opportunities in development with Chevron (stock ticker: CVX).

Most recently, Transocean signed a rig design and construction management contract with Chevron USA, as well as a 5-year

December 28, 2018 - 2:24 pm Closing Bell Story‎, International, Offshore
DJR Energy Closes Deal with Encana

DJR Energy Closes Deal with Encana

Makes DJR the largest acreage holder in San Juan Basin core oil window
 

Yesterday, privately held Denver-based DJR Energy closed on its acquisition of Encana Corporation’s (stock ticker: ECA) non-core San Juan Basin assets in northern New Mexico.

Source: DJR

December 28, 2018 - 2:02 pm Closing Bell Story‎, Exploration and Production (E&P)
Blackbird Energy Announces Record Results

Blackbird Energy Announces Record Results

Calgary-Based Blackbird Energy Inc. (stock ticker: BBI) announced record financial and operational results for the quarter ended October 31, 2018.

 

Highlights from the Q1 2019 Results:

Petroleum and Natural Gas Sales

  • $7.4 million ($46.31/boe) of petroleum and natural gas
December 27, 2018 - 4:22 pm Canada, Closing Bell Story‎, International
Flotek Names New CFO, Makes other Senior Management Changes

Flotek Names New CFO, Makes other Senior Management Changes

Oilfield chemistry provider Flotek Industries Inc. (stock ticker: FTK) has announced changes among its executive leadership team.
CFO
Flotek appointed Elizabeth T. Wilkinson CFO, effective December 28, 2018. She will serve as the senior executive responsible for financial strategy, planning

December 27, 2018 - 4:12 pm Closing Bell Story‎, Corporate Governance
Ensign Take-Over Bid for Trinidad Expires, New Transaction Coming

Ensign Take-Over Bid for Trinidad Expires, New Transaction Coming

Calgary-based oilfield service company Ensign Energy Services Inc.’s (stock ticker: ESI) offer to purchase all the common shares of Trinidad Drilling Ltd. (stock ticker: TDG), a contract drilling and services company, for $1.68 per share has expired.

Trinidad will proceed

December 27, 2018 - 3:59 pm Canada, Closing Bell Story‎, Oilfield Services
Kosmos Energy Announces FID for Phase 1 of LNG Project

Kosmos Energy Announces FID for Phase 1 of LNG Project

Offshore gas resource estimated at 15 Tcf
Dallas-based deepwater oil and gas company Kosmos Energy Ltd (stock ticker: KOS) and its partners agreed today on a Final Investment Decision (FID) for Phase 1 of its Greater Tortue Ahmeyim project.

The

December 27, 2018 - 5:56 am Closing Bell Story‎, International, LNG
GeoPark Increases Stake in Colombia and Chile, Announces Share Buy Back

GeoPark Increases Stake in Colombia and Chile, Announces Share Buy Back

Latin America-based GeoPark Limited (stock ticker: GPRK) has been extending its reserves and announced plans to buy back shares in 2019.

Last month, GeoPark increased its equity interest to 100% in its Colombian and Chilean businesses, blocks, and reserves, including

December 21, 2018 - 1:35 pm Closing Bell Story‎, International
Colorado Natural Resources Chief Stepping Down, Gov. Polis to Appoint DNR Chief

Colorado Natural Resources Chief Stepping Down, Gov. Polis to Appoint DNR Chief

From Grand Junction Daily Sentinel

The man who oversees oil and gas, water, wildlife, mining and other natural resource management in Colorado will be leaving his job along with his boss in January.

Bob Randall, executive director of the Colorado …

December 21, 2018 - 12:46 pm Closing Bell Story‎, Energy News, Politics & Opinions
Canadian Dollar Hits 18-Month Low

Canadian Dollar Hits 18-Month Low

From The Globe and Mail

The Canadian dollar was little changed against the greenback Thursday but hit a 1-1/2-year low earlier in the session and underperformed other G10 currencies, as investors worried that the slumping price of oil could hurt …

December 21, 2018 - 12:28 pm Canada, Closing Bell Story‎, Economy, Energy News, Finance
U.S. LNG Export Industry Sails Ahead

U.S. LNG Export Industry Sails Ahead

It’s been a busy month for U.S. liquefied natural gas (LNG) export developments.

Just last week, Cheniere Energy, Inc. (stock ticker: LNG) exported the first LNG commissioning cargo from its Corpus Christi, Texas liquefaction facility.

The export was the first

December 20, 2018 - 2:36 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Blackbird, Pipestone Combination Gets Thumbs Up  

Blackbird, Pipestone Combination Gets Thumbs Up  

Alberta-based Blackbird Energy Inc. (stock ticker TSX-V: BBI) shareholders have approved the strategic combination of Blackbird and Pipestone Oil Corp. by a majority of over 99% of votes cast.

Blackbird is focused on the condensate and liquids-rich Montney fairway at

Exxon Makes FID on Australia Gas Project

Exxon Makes FID on Australia Gas Project

ExxonMobil (stock ticker: XOM) made a final investment decision to develop its West Barracouta gas field in Bass Strait. The project:

Brings new gas supplies to the Australian domestic market.
Is part of Exxon’s continuing investment in the Gippsland Basin.

December 13, 2018 - 1:58 pm Closing Bell Story‎, International, Offshore
Source: Fraser Institute

Survey Ranks Jurisdictions for Oil and Gas Investment

The Fraser Institute recently published its 12th annual survey of petroleum industry executives and managers regarding barriers to investment in oil and gas exploration and production facilities in various jurisdictions around the globe.

The survey responses have been tallied to

December 13, 2018 - 1:41 pm Closing Bell Story‎, Industry Insights, International
Source: Financial Post

Pembina Delays FID on $3.5B Plastics Plant, Seeks Partner for LNG Project

From Financial Post

Pembina is looking to reduce its wholly owned Jordan Cove LNG project to between 40% and 60%

CALGARY — Pembina Pipeline Corp. officially delayed an investment decision on a $3.5-billion petrochemical facility in Alberta on Monday, but …

December 13, 2018 - 12:30 pm Canada, Closing Bell Story‎, Energy News, LNG
Petronas Plans 40 Years of Steady Measured Development in B.C. Montney

Petronas Plans 40 Years of Steady Measured Development in B.C. Montney

From Alaska Highway News

After a hiatus of more than two years, Petronas Energy Canada Ltd. is back in the field in Northeast B.C. as it begins drilling to underpin its share of natural gas for the LNG Canada export …

December 13, 2018 - 6:00 am Canada, Closing Bell Story‎, Energy News, LNG
Dominion Suspends Work on Full Route of Atlantic Coast Natural Gas Pipeline after Court Stay

Dominion Suspends Work on Full Route of Atlantic Coast Natural Gas Pipeline after Court Stay

From S&P Global

Houston — Dominion Energy has suspended construction on the full 600-mile route of the Atlantic Coast Pipeline, except for some ‘stand-down’ activities, after an appeals court stay last week, the company told the US Federal Energy Regulatory …

December 13, 2018 - 6:00 am Closing Bell Story‎, Energy News, Law
Courtesy of Cheniere

U.S. Gas Notches Another Export Milestone

Cheniere ships First LNG from Corpus Christi plant
Cheniere Energy, Inc. (stock ticker: LNG) exported the first liquefied natural gas commissioning cargo from its Corpus Christi, Texas liquefaction facility this week.

The export is the first from a greenfield liquefaction

December 12, 2018 - 5:19 pm Closing Bell Story‎, Industry Insights, LNG
Source: Sweetcrudereport.com

Bank of America Sees Oil Gains in 2019, but That Forecast is Far from Universal

From CNBC

  • A year ahead outlook report from Bank of America Merrill Lynch expects Brent crude to regain its recent losses in 2019 and settle at $70 a barrel.
  • But amid mounting global uncertainty on everything from trade and monetary
December 12, 2018 - 2:03 pm Closing Bell Story‎, Energy News, Finance
Texas Has Recovered Half of Oil and Gas Jobs Lost to Downturn

Texas Has Recovered Half of Oil and Gas Jobs Lost to Downturn

From Houston Chronicle

Oil and gas companies in Texas added 2,400 exploration and production jobs in October, marking 23 consecutive months of job growth, according to the Texas Oil & Gas Association.

The association, citing data from the Texas Workforce …

December 12, 2018 - 1:52 pm Closing Bell Story‎, Energy News, Jobs
Corpus Christi, San Patricio County Join Opposition Against Trafigura Terminal

Corpus Christi, San Patricio County Join Opposition Against Trafigura Terminal

From Caller Times

Local opposition is continuing to grow against a proposed offshore terminal that could be located near the Padre Island National Seashore, with several governmental entities asking Gov. Greg Abbott to put a stop to it.

One week …

December 12, 2018 - 1:43 pm Closing Bell Story‎, Energy News, Offshore
Source: Petrobras

Petrobras Cutting Houston Jobs after Forming Gulf Joint Venture

From Houston Chronicle

Brazilian state oil company Petrobras will terminate more than 50 Houston jobs next year after selling much of its Gulf of Mexico assets into a new joint venture.

Petrobras, which has struggled financially amid a nationwide corruption …

December 12, 2018 - 1:08 pm Closing Bell Story‎, Energy News, International
House GOP Pushes Elimination of Ethanol Mandate

House GOP Pushes Elimination of Ethanol Mandate

From Houston Chronicle

WASHINGTON – House Republicans are pushing to eliminate the federal mandate that ethanol be blended into the nation’s fuel supply, to be replaced by a requirement cars built from 2023 on run only on gasoline with a …

December 12, 2018 - 12:52 pm Closing Bell Story‎, Energy News, Politics & Opinions
Chevron Aims $3.6 Billion at the Permian in 2019

Chevron Aims $3.6 Billion at the Permian in 2019

Chevron announces a $20-billion total CapEx budget for 2019
Yesterday, Chevron Corporation (stock ticker: CVX) provided more details on its 2019 organic capital and exploratory spending program.

Total capital and exploratory expenditures will increase approximately 9.3% from 2018-2019, including  an

December 7, 2018 - 3:51 pm Closing Bell Story‎, Popular 2
Phillips 66 Partners Taps New MLP COO

Phillips 66 Partners Taps New MLP COO

Phillips 66 Partners (stock ticker: PSXP) named Rosy Zuklic its VP and COO, effective January 1, 2019.

Tom Liberti, current VP and COO of Phillips 66 Partners, has elected to retire at the end of the year, after 18 years.

December 7, 2018 - 3:30 pm Closing Bell Story‎, Corporate Governance
Economy Adds 155K Jobs in November, Unemployment Holds at 3.7%

Economy Adds 155K Jobs in November, Unemployment Holds at 3.7%

From The Hill

The U.S. economy added 155,000 jobs in November, below estimates and cooler than October, but the labor market continues to maintain momentum.

The unemployment rate held at 3.7 percent for the third straight month, the lowest level …

December 7, 2018 - 12:29 pm Closing Bell Story‎, Politics & Opinions
Truck Orders Dipped in November, Build Backlog Remains at Record

Truck Orders Dipped in November, Build Backlog Remains at Record

From Commercial Carrier Journal

CCJ‘s Indicators rounds up the latest reports on trucking business indicators on rates, freight, equipment, the economy and more.

Preliminary Class 8 truck orders in North America totaled 27,500 in November, according to FTR, with …

December 7, 2018 - 12:15 pm Closing Bell Story‎
Source: Business Wire

Tellurian’s Driftwood LNG, Vitol Sign MOU for 15-year LNG Supply Deal

Yesterday, natural gas-based Tellurian Inc.’s (stock ticker: TELL) subsidiary company Tellurian Trading UK Ltd. entered into an MOU to supply 1.5 mtpa of liquefied natural gas (LNG) from the proposed Driftwood LNG export terminal. The transaction price is based on

December 7, 2018 - 11:16 am Closing Bell Story‎, LNG
Senate Confirms McNamee for FERC Commissioner

Senate Confirms McNamee for FERC Commissioner

From The Hill

The Senate confirmed President Trump’s pick for a key energy agency Thursday over Democrats’ objections that he is too biased for the job.

The 50 to 49 vote along party lines means Bernard McNamee, a Republican …

December 7, 2018 - 10:57 am Closing Bell Story‎, Politics & Opinions, Press Releases