Japan increasingly buying its oil from Russia Russia and Japan are becoming increasingly close energy partners, a trend that Igor Sechin, CEO of Rosneft (ticker: RNFTF) believes will continue into the future. Sechin said today that Russia’s oil exports to Japan rose 20% year-on-year in January-August 2015 despite a mutual decline in trade, Sechin said during a Russia-Japan energy cooperation
Total rig count follows similar trend as oil rigs The number of rigs drilling for oil in the United States declined again, continuing the trend for a tenth straight week. According to Baker Hughes (ticker: BHI) the number of rigs drilling fell by six to 572 for the week ended November 6, 2015. The count for rigs drilling for oil
Drilling Program Shifting to Plug-n-Perf Completions PDC Energy (ticker: PDCE) may be, generally speaking, in the early stages of its development of the Wattenberg Field. However, its rapid growth while maintaining a sturdy balance sheet can be matched by few in the industry. Only two companies in the coverage universe of Capital One Securities are in position for 35% growth
From The Los Angeles Times In an industrial corner of Gardena, near a credit union and pet cemetery, a small white sign in front of a metal building reads “Faraday Future,” with a number to call for deliveries. It’s the only indication of the high-tech hive of activity inside, where a mysterious electric car start-up is taking shape. In sleek
After seven years of regulatory limbo, Obama administration says “no” to TransCanada application President Obama announced today that he has rejected TransCanada’s (ticker: TRP) Keystone XL pipeline project after seven years of regulatory holdup. The decision comes as the president makes steps to solidify his environmental legacy during his final year in office. The 1,179-mile pipeline would have carried 800,000
Halliburton (HAL) announced today the pricing of an offering of $7.5 billion aggregate principal amount of senior notes. The notes are being issued in five tranches: $1.25 billion of 5-year notes bearing interest at a fixed rate of 2.70% per year and maturing on November 15, 2020; $1.25 billion of 7-year notes bearing interest at a fixed rate of 3.375%
Blackbird Energy Inc. (TSX VENTURE:BBI)(“Blackbird” or the “Company“) announces that it has granted an aggregate of 6,750,000 incentive stock options to certain of its directors and officers pursuant to the terms of the Company’s stock option plan. Such options are exercisable for five years at the price of $0.18 until November 5, 2020 and are subject to the acceptance of
Warren Resources, Inc. (WRES) announced today the appointment of Brian Gelman as Interim Chief Financial Officer, effective immediately. Stewart P. Skelly, the current Vice President and Chief Financial Officer, has resigned, effective immediately, in order to pursue other opportunities in connection with the relocation of his family to Ireland. This mutually agreed departure is not related to any disagreement with
“Energy resources are a blessing, not a curse.” Second-term Louisiana Governor Bobby Jindal is running for the 2016 Republican nomination. Jindal published his energy plan earlier this fall, based a 2014 energy plan which he had previously developed. Gov. Jindal’s key energy points are featured below. Promote energy development on federal lands, build the Keystone XL pipeline, yes to nuclear power Our
An interview with Corey Goulet, President of Keystone projects for TransCanada. Editor’s Note: In March 2015, Oil & Gas 360® interviewed Corey Goulet, boss of the Keystone XL pipeline project. Today (Nov. 6, 2015), the U.S. State Department and the Obama Administration officially denied TransCanada’s application to build the Keystone XL pipeline. In light of today’s announcement, Oil & Gas 360®
TransCanada Corporation (TRP) (TRP) (TransCanada) today announced it has entered into an agreement to sell a 49.9 percent interest in Portland Natural Gas Limited Partnership (PNGTS) to its master limited partnership, TC PipeLines, LP (TCP), for a purchase price of US$223 million. The sale is expected to close at the end of 2015, upon satisfaction of closing conditions. “The PNGTS
TransCanada to remove a port on the Energy East pipeline route TransCanada announced today that the company has decided to remove a port on its Energy East pipeline project from Quebec. The company said the decision was made after listening to local communities, key stakeholders and customers, according to a press release from TransCanada. The decision to drop the crude
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