On July 28, Blackbird Energy (ticker: BBI) announced that it has entered into an agreement to acquire an indirect 10% minority interest in Stage Completions Inc. for C$3 …
Iraq seeks oil output at 4.8 million barrels a day to end-2016
Iraq is negotiating with Exxon Mobil Corp. and Petrochina Co. to develop two oil fields in the south of the country as it seeks to maintain …
From Bloomberg
Easing of sanctions spurs Asian nations to lift crude imports; Asia Pacific buyers forecast to import 32.8 MMBOPD in 2016
At the biggest oil market in the world, crude from Iran is back in vogue.
The Persian Gulf …
Norway’s Statoil (ticker: STO) reported its second quarter results today, and executives said on the conference call that the company has no new drilling plans for its Bakken, Eagle Ford or Marcellus properties, citing volatile oil prices and weak NGL …
In the oil and gas industry not everyone hedges all the time, but the vast majority of exploration and production companies have an active hedge book aimed at mitigating risk against volatile commodity markets.
Hedging utilizes a futures contract to …
PDC Energy (ticker: PDCE) will be presenting at The Oil and Gas Conference® 21 on Monday, August 15 at 3:30 PM EDT.
PDC is a 40-year old independent E&P company operating in the Wattenberg filed in Colorado and in …
Low commodity prices continue to take their toll on E&P companies across the U.S., and Range Resources (ticker: RRC) is no exception. But …
With less than six months remaining in his stay at the White House, President Obama has come out with a program to use the U.S. taxpayers’ money to guarantee loans for parties who are working to accelerate the adoption of …
July 27, 2016
CRUDE OIL INVENTORY/000 BBLS
Week Ended 7/22/2016
Current Inventory: 521,133
Actual Build/(Draw): 1,671
Economist Average Estimate: (2,020)
Previous Inventory: 519,462
Crude oil storage increased for the first time after nine weeks of storage draws. Economist’s estimates …
From Canadian Business
BOSTON – Environmentalists are again taking aim at the company that proposed the Keystone XL pipeline — this time for …
From Power Magazine
Hopes that the beleaguered U.S. shale gas industry can find new markets have come to fruition as the second shipment of liquefied natural gas (LNG) was unloaded at a European port on July 22, with the promise …
From CNBC
The Federal Reserve opted Wednesday not to raise interest rates, despite painting a rosier economic picture than it did just a month ago.
As expected, the Federal Open Market Committee kept its overnight interest rate target in the …
From Bloomberg
If Big Oil was a two-engine airplane, you could say it’s been flying on a single engine since energy prices crashed in 2014. Now, the second motor is sputtering.
The major integrated oil companies, including Exxon Mobil Corp., …
BP (ticker: BP) released its second quarter earnings today, reporting the third consecutive loss as the international oil major continues to struggle with low …
CONSOL Energy’s (ticker: CNX) upcoming drill plans include adding back two horizontal rigs which are expected to resume drilling starting in August 2016, the company said in its Q2 …
Anadarko will present at EnerCom’s The Oil & Gas Conference® 21 on Tues. Aug. 16, 2016 at 4:45 pm EST.
Anadarko Petroleum (ticker: APC) is an exploration and production company headquartered in The Woodlands, Texas. Anadarko has operations in the …
PetroQuest Energy (ticker: PQ) will be presenting at EnerCom’s The Oil & Gas Conference® 21 in Denver, on Tuesday, August 16, 2016. The company operates in the Woodford, East Texas Cotton Valley, and Gulf Coast regions.
Over the past year, …
It is difficult to overstate the importance of a good management team, particularly as the …
From Bloomberg
A joint expedition by India and the U.S. discovered a major deposit of natural gas in the Indian Ocean, offering the potential to significantly expand energy production in a region …
From Reuters
State-controlled oil company Petrobras said on Tuesday it plans to scale back its role in Brazil’s natural gas industry by selling or sharing control of pipelines and opening its liquefied natural gas (LNG) terminals to third parties.
The …
Calgary-based Tamarack Valley Energy (ticker: TVE) announced today that the company drilled its first 2-mile lateral Cardium oil wells at Wilson Creek in the second quarter, with on-budget capital costs and timing, …
From the Winnepeg Free Press
Oil by rail: U.S. tanker cars w/o thermal layer will be prohibited from entering Canada Nov. 1
MONTREAL – Older and less robust railway tanker cars will not be able to transport crude oil …
Companies say 40% of the world’s gas reserves can be classified as stranded; Golar and Schlumberger plan to employ FLNG to monetize stranded gas
Global LNG shipper Golar LNG Limited (ticker: GLNG) and the world’s largest oilfield service company Schlumberger …
(IraqiNews.com) Basra – Basra Provincial Council announced that the Japanese government has agreed to lend 2.1 billion US dollars to Iraq for developing Basra refinery and added that the loan will …
Seeking a wider digital audience, Verizon is buying Yahoo for $4.83 billion in a deal that marks the end of an era for a company that defined much of the early internet but struggled to stay relevant in …
From Geeskaafrika.com
Ethiopia says physical work on a massive $4 billion cooperative natural gas project between Ethiopia, Djibouti, and China will soon be launched.
The announcement was made Thursday by Ethiopian Foreign Minister Tedros Adhanom at the opening of the …
For the past year, discussions in the oil and gas industry have been focused on asking …
Silver Run Acquisition Corporation (ticker: SRAQ), a special purpose acquisition company (SPAC) run by former 14-year EOG Resources (ticker: EOG) CEO Mark Papa, agreed to purchase approximately 89% interest in …
During the second quarter conference call for the world’s largest oilfield service provider, Schlumberger (ticker: SLB) CEO Paal Kibsgaard said that oil markets had found bottom, but that the road to …
Blackbird Energy Inc. (ticker: BBI) is a junior E&P company focused on the liquids-rich Montney fairway at Elmworth, near Grande Prairie, Alberta, where it holds …
