John Zahary, President and Chief Executive Officer of Altex Energy, a company that owns and operates eight crude-by-rail terminals in Western Canada, made …
John Hofmeister, former Shell Oil Company president, was on BNN today predicting the return–sooner than later–of much higher oil prices due to increasing decline rates, …
Story by Reuters
Oil jumped for a third straight session on Monday as OPEC forecast greater demand for crude this year than previously thought and projected less supply from countries outside the producer group.
The Organization of the Petroleum Exporting …
Story by Oil & Gas Technology
According to information released by the Energy Information Administration (EIA) today, Iraq’s production growth in 2014 was the second largest in the …
Story by The Dallas Morning News
Falling oil prices have some Texas lawmakers looking to reshape U.S. policy on crude oil in the mold of another iconic Texas product: Blue Bell Ice Cream.
Blue Bell’s motto is “We eat all …
The dust is settling on the first phase of the global oil market share war. Oil has been hovering around $50/barrel for nearly a week – a long-awaited relief to the industry which was wondering, exactly, where is rock bottom? …
The European Union will now officially treat oilsands crude the same as oil from elsewhere in the world, after finalizing the decision on Friday, February …
BPZ Energy (BPZ) (BPZ), an independent oil and gas exploration and production company, today announced the results of an independent evaluation of the Company’s certified year-end 2014 oil reserves at offshore Block Z-1.
The following discussion …
DENVER, Feb. 9, 2015 /PRNewswire/ — Resolute Energy Corporation (“Resolute” or the “Company”) (REN) today announced that it had received notification on February 3, 2015, from the New York Stock Exchange (“NYSE”) that the …
For the first time in a decade Russia’s credit rating was downgraded to junk by Standard & Poor’s rating agency last …
Columbia Pipeline Partners (ticker: CPPL) began trading on the New York Stock Exchange today following its spin-off from NiSource Partners (ticker: NI). Under terms of the spin-off, CPPL is transferred NI’s pipeline and storage assets, while NI retains ownership of …
Story by the Associated Press
In the 1970s, the environmental movement had no bigger political hero than California Gov. Jerry Brown. He cracked down on polluters, ended tax breaks for oil companies and promoted solar energy.
Forty years later, in …
Story by Reuters
Faced with mounting writedowns on energy and metals assets, Japan’s trading houses are looking to step up the sale of assets to offset weaker income from resource businesses and fund shareholder returns, while reining in investment.
Like …
Source: Petrobras
Petróleo Brasileiro SA – Petrobras informs that its Board of Directors, in a meeting held today, has approved with majority vote the election of Aldemir Bendine as CEO of Petrobras replacing the current CEO, Maria das Graças Silva …
From Reuters:
In late 2013, Nigeria’s then central bank governor Lamido Sanusi wrote to President Goodluck Jonathan claiming that the state oil company had failed to remit tens of billions of oil revenues it owed the state.
After the letter …
United States crude production is expected to be at its highest since 1986, according to information compiled from Bloomberg and the Energy Information Administration. The increased domestic production has allowed the U.S. to diminish its need for imports – a …
Martin Midstream Partners (ticker: MMLP) announced yesterday that it entered into an agreement to sell six liquefied natural gas barges for a total price of $41.25 million. MMLP has decided to exit the natural gas liquids floating storage and trans-loading …
Saudi Aramco announced its prices for March, dropping prices to the Asian markets to their lowest in over a decade in …
Core Laboratories (ticker: CLB) closed the book on 2014 as its most profitable year in company history in its Q4’14 earnings release on January 28, 2015. Revenue for fiscal 2014 was $1,085 million, up …
Callon Petroleum (ticker: CPE) became a pure-play Permian Basin E&P no more than one year ago, but its efficiency in the United States’ greatest oil producing play is apparent. In a news …
Story by Reuters
Halliburton, Statoil ASA, Hess Corp and other North Dakota energy companies have decided, for now, not to lay off staff in the No. 2 U.S. oil producing state, hoping to be prepared for any prolonged rebound in …
– THIRD QUARTER GAAP NET LOSS OF $1.0 MILLION ($0.03 LOSS PER DILUTED SHARE) AND NINE MONTH GAAP NET INCOME OF $69.2 MILLION ($1.94 PER DILUTED SHARE)
– THIRD QUARTER AND NINE MONTH ADJUSTED NET INCOME OF $24.7 MILLION ($0.70 …
DENVER, CO — (Marketwired) — 02/05/15 — Emerald Oil, Inc. (NYSE MKT: EOX) (“Emerald” or the “Company”) announced today the launch of an underwritten public offering of $25,000,000 of the Company’s common stock, subject to market conditions. The Company has …
NATURAL GAS INVENTORY (Week Ended 1/30/15)
Current: 2,428 Bcf
Actual Injection/(Withdrawal): (115) Bcf
Economist Average Estimate: (120) Bcf
Previous: 2,543 Bcf
Standard & Poor’s rating agency today downgraded Russia’s state-owned oil and gas giant Gazprom (ticker: OGZPY) and a number of other …
Noble Corporation plc (NE) today reported a fourth quarter 2014 loss from continuing operations of $595 million, or $2.38 per diluted share. Results for the quarter included an after-tax charge of $713 million, or $2.86 per diluted share, …
Story by Reuters
The chief executive and other senior management at Brazil’s Petrobras resigned on Wednesday amid a festering corruption scandal, setting off a scramble to find replacements capable of restoring investor confidence in the state-run oil company.
The company’s …
