Oil and Gas 360 Articles

Capital Raises Accelerating as E&Ps Dig in for a Tumultuous 2015

Capital Raises Accelerating as E&Ps Dig in for a Tumultuous 2015

The cycles of the oil and gas market are inevitable, and throughout its history the industry has consistently recovered from downturns even as severe as the one we are experiencing today.

Although the market swings are hardly ever uniform, independent …

Saudi Aramco Cancels Offshore Contract in Cost-Cutting Move

Saudi Aramco Cancels Offshore Contract in Cost-Cutting Move

The world’s largest oil producer canceled an offshore contract with Hercules Offshore

Saudi Aramco, the world’s largest oil producer, cancelled a contract with Hercules Offshore (ticker: HERO) last week, according to HERO. The termination of the contract for Hercules …

March 3, 2015 - 4:19 pm International, Offshore, Oil and Gas 360 Articles, OPEC
Delfin LNG Expanding in the Gulf of Mexico

Delfin LNG Expanding in the Gulf of Mexico

Joint Development Agreement with Hoegh LNG to build first deepwater floating liquefaction terminal offshore U.S.

Houston based Delfin LNG LLC announced a Joint Development Agreement with Höegh LNG (ticker: HLNG) in relation to its U.S.-based Delfin Liquefied Natural Gas Deepwater …

March 3, 2015 - 3:22 pm LNG, Oil and Gas 360 Articles
RWE Utility Closes $5.7 Billion Deal

RWE Utility Closes $5.7 Billion Deal

Germany’s RWE utility company completes sale to Russian firm despite opposition from the U.K. government.

German utility RWE AG (ticker: RWE:XETRA) closed the sale of its oil and gas unit Dea for €5.1 billion ($5.7 billion) to LetterOne Group, an …

March 2, 2015 - 6:30 pm International, Oil and Gas 360 Articles
Ohio Oil & Gas Production Up Exponentially from 2013

Ohio Oil & Gas Production Up Exponentially from 2013

The Ohio Department of Natural Resources reported over a 200% increase in oil production, and more than a 350% increase in natural gas production, from 2013 to 2014.

The Ohio Department of Natural Resources (ODNR) last week released fourth quarter

Targa Resources Finalizes $7.7 Billion Acquisition of Atlas Energy Assets

Targa Resources Finalizes $7.7 Billion Acquisition of Atlas Energy Assets

Targa Resources (ticker: TRGP) and Targa Resources Partners (ticker: NGLS) has officially acquired the midstream assets of both Atlas Energy (ticker: ATLS) and Atlas Pipeline Partners (ticker: APL). The non-midstream assets of ATLS will be spun off to Atlas Energy …

Rosneft HQ with Kremlin in the background Source: Rosneft

Russia Overcomes ‘Psychological Barrier,’ Considers Foreign Control of Major Oil Fields

The Kremlin is thinking of giving majority control of major oil fields to Chinese investors in order to develop energy reserves

Russia may consider allowing Chinese investors more than 50% stake in its strategic oil and gas fields, an official …

March 2, 2015 - 5:51 pm International, Oil and Gas 360 Articles
Source: EnerCom's Monthly Report

Energy Experts Discuss 2015

Synergy Resources, Earthstone Energy, Fortis Energy Services, Samson Oil & Gas, Wunderlich Securities—Exclusive Video Interviews

EnerCom, Inc. today posted new executive video interviews with the following companies:

Oil Markets to Get Worse Before They Get Better – Intervale Capital CEO on Fox Business

Oil Markets to Get Worse Before They Get Better – Intervale Capital CEO on Fox Business

Intervale Capital Managing Partner Charles Cherington appeared on Fox Business’ Opening Bell with Maria Bartiromo to discuss the current oil markets. Cherington believes, like other oil executives and analysts, things are likely to get worse before they get better.

“The …

Rig Counts Falling at a Slower Rate

Rig Counts Falling at a Slower Rate

Rig counts fell 3% in the last week, the smallest decline in the month of February 

The Baker Hughes (ticker: BHI) rig count for the week ended February 27, 2015 showed declines in rig counts continued, but at a slower …

Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

What’s Coming to the Energy Sector in 2015?

Core Laboratories, Evolution Petroleum and Lonestar Resources—Exclusive Video Interviews with EnerCom’s Oil & Gas 360®

New executive interviews from EnerCom’s The Oil & Services Conference™ 13 are now posted on Oil & Gas 360®

What do top energy sector executives …

Source: theiet.org

Canada Set for Growth in the Petrochemical Industry

Predicted investment growth of 30% set to come in 2015 for Canadian petrochemical industry

The Chemistry Industry Association of Canada (CIAC) predicts a 30% growth of capital investments in 2015, up to $3.4 billion overall, according to a report from

February 27, 2015 - 3:18 pm Canada, Oil and Gas 360 Articles
EPA Accused of Overreaching its Authority with New Budget

EPA Accused of Overreaching its Authority with New Budget

The Committee on Energy and Commerce calls the EPA’s 2016 budget “more than enough”

On February 25, the Subcommittees on Energy and Power and Environment and the Economy held a hearing on President Obama’s 2016 budget request for the Environmental …

February 27, 2015 - 3:04 pm Oil and Gas 360 Articles, Regulatory
Energy Companies Hitting the Equity Markets

Energy Companies Hitting the Equity Markets

A stabilization in oil prices and fewer claims of oil dropping to $20 (or less) has quelled investor fears in recent weeks, and companies are taking advantage of the calmer markets to build their balance sheets. Noble Energy (ticker: NBL) …

February 27, 2015 - 2:06 pm Finance, Mergers & Acquisitions, Oil and Gas 360 Articles
Source: HRW.org

European Union Hopes to Form a Single Energy Market

This is “the most ambitious European energy project since the Coal and Steel Community” – Vice President European Commission

Invoking the memory of the organization that led to the foundation of the European Union, Maroš Šefčovič, Vice President of the …

February 27, 2015 - 1:55 pm International, Oil and Gas 360 Articles
What is Fueling the Crude Oil Inventory Rally?

What is Fueling the Crude Oil Inventory Rally?

crude_oil_inventory022015Crude oil inventories rose yet again in the Energy Information Administration’s (EIA) report for the week ended February 20, 2015, setting another record high. For those keeping track, the inventory has climbed by more than 60 million barrels since its …

PetroQuest Energy, Integrated Environmental Technologies and Nighthawk Energy Discuss 2015 Strategy in Exclusive Video Interviews with EnerCom’s Oil & Gas 360®

PetroQuest Energy, Integrated Environmental Technologies and Nighthawk Energy Discuss 2015 Strategy in Exclusive Video Interviews with EnerCom’s Oil & Gas 360®

New executive interviews from EnerCom’s The Oil & Services Conference™ 13 are now posted on Oil & Gas 360®

How are oil and gas companies working differently in the present commodity market?  How are companies managing their drilling programs and …

It’s Earnings Season! Quarterly Releases

It’s Earnings Season! Quarterly Releases

Earnings Releases for March 17, 2015 include:

InterOil (ticker: IOC) – Click for full release.

RSP Permian (ticker: RSPP) – Click for full release.


Earnings Releases for March 16, 2015 include:

Ensign Energy Services (ticker: ESVIF) – Click for full

February 26, 2015 - 4:33 pm Earnings, Oil and Gas 360 Articles
Natural Gas Roundup for the Week Ended February 20, 2015

Natural Gas Roundup for the Week Ended February 20, 2015

NATURAL GAS INVENTORY (Week Ended 2/20/15)roundup2

Current: 1,938 Bcf

Actual Injection/(Withdrawal): (219) Bcf

Economist Average Estimate: (241) Bcf

Previous: 2,157 Bcf

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.…

February 26, 2015 - 2:48 pm Oil and Gas 360 Articles
Source: Indianaaffairs.gov

EIA – Coal Production Down Throughout the U.S.

The EIA’s weekly coal report shows production has fallen 14%

The Energy Information Administration’s (EIA) weekly coal production report for the week ended February 21, 2015, shows continued declines in coal production in the United States. According to the …

February 26, 2015 - 1:23 pm Oil and Gas 360 Articles
Independent Refiners: Western Refining Reports Q4

Independent Refiners: Western Refining Reports Q4

Western Refining reports fourth quarter results

Western Refining Inc. (ticker: WNR) today reported its fourth quarter 2014 results. The company reported net income of $116.8 million, or $1.19 per diluted share. This represents a 51% increase from the company’s …

February 26, 2015 - 1:10 pm Downstream, Oil and Gas 360 Articles
NASDAQ Tops 5,000 Points, Closing in on All-Time High

NASDAQ Tops 5,000 Points, Closing in on All-Time High

NASDAQ Last Topped 5,000 in 2001

The NASDAQ composite index broke the 5,000 point threshold on February 25, 2015 – the first time in more than a decade. Stocks extended gains for the 11th straight day on Wednesday; one …

February 25, 2015 - 7:15 pm Finance, Oil and Gas 360 Articles
MarkWest Increases Distribution

MarkWest Increases Distribution

MarkWest plans on increasing distribution thru 2020

During the company’s conference call today, Frank Semple, Chairman, President and Chief Executive Officer of MarkWest Energy Partners (ticker: MWE) announced that MWE expects to increase its distribution to approximately $3.70 for this …

February 25, 2015 - 6:44 pm Earnings, MLPs, Oil and Gas 360 Articles
Mixed Reactions to Colorado Task Force Decision

Mixed Reactions to Colorado Task Force Decision

The Colorado Oil and Gas Task Force to send nine recommendations to the governor’s office later this week

Last September, Gov. Hickenlooper created the task force as part of a compromise to remove both pro- and anti-hydrocarbon development initiatives from …

February 25, 2015 - 6:15 pm Fracing, Oil and Gas 360 Articles
Iran Taps Sovereign Wealth Fund for Oil Development

Iran Taps Sovereign Wealth Fund for Oil Development

Iran will spend up to $4.8 billion from its sovereign wealth fund to develop its oil and gas fields

A proposal approved by Iran’s parliament Tuesday will allow the country to draw on its sovereign wealth fund in order to …

February 25, 2015 - 1:47 pm Oil and Gas 360 Articles, OPEC
Cameron LNG Set to Become Largest U.S. Export Facility

Cameron LNG Set to Become Largest U.S. Export Facility

If Approved, New Export Capacity would Exceed 3.5 Bcf/d

Sempra Energy’s (ticker: SRE) Cameron LNG plant, located in Hackberry, Louisiana, is about to get bigger.

Representatives for the $10 billion LNG export plant applied for a facility expansion on February …

February 25, 2015 - 1:45 pm Oil and Gas 360 Articles
Interview with Anatol Feygin, Senior Vice President, Cheniere Energy – Oil & Gas 360’s Top Minds in the Business

Interview with Anatol Feygin, Senior Vice President, Cheniere Energy – Oil & Gas 360’s Top Minds in the Business

View PDF of Interview Slides – Download Video File

U.S. Exports of liquefied natural gas (LNG) have been at the forefront of discussions about North America’s evolving energy revolution. U.S. LNG export projects are expected to come online throughout North …

February 25, 2015 - 1:13 pm Oil and Gas 360 Articles, Videos
PetroQuest Energy Issues 2015 Forecast with Production & Reserves at Record-Highs

PetroQuest Energy Issues 2015 Forecast with Production & Reserves at Record-Highs

PetroQuest Energy (ticker: PQ), a micro-cap E&P focused on the Midcontinent and Gulf Coast regions, enters fiscal 2015 with its production volume and booked reserves at the highest in company history. Fiscal 2014 volumes of 118.7 MMcfe/d and reserves of …

Panola Pipeline to Provide Additional 50 MBOPD of NGL Capacity to Mont Belvieu

Panola Pipeline to Provide Additional 50 MBOPD of NGL Capacity to Mont Belvieu

Enterprise, MarkWest, DCP, Anadarko Join Forces on Texas Pipe

A joint venture to expand the Panola Pipeline was finalized on February 24, 2015, according to a press release by operator Enterprise Products Partners (ticker: EPD). Per the terms, EPD will …

February 24, 2015 - 6:47 pm Midstream, MLPs, Oil and Gas 360 Articles
Colorado Oil and Gas Task Force Holds Final Meeting Today Amid Protests

Colorado Oil and Gas Task Force Holds Final Meeting Today Amid Protests

Will deliver policy recommendations to Gov. Hickenlooper this week

The Colorado Oil and Gas Task Force is holding its final meeting today in order to discuss amendments to the recommendations it plans to send to Governor Hickenlooper later this week. …

February 24, 2015 - 6:07 pm Fracing, Oil and Gas 360 Articles