International

Harvest Natural Resources Announces Agreement to Sell Venezuelan Properties

Harvest Natural Resources Announces Agreement to Sell Venezuelan Properties

Harvest Natural Resources, Inc., (ticker: HNR) headquartered in Houston, Texas, is an independent energy company with primary assets in Venezuela, exploration assets in Indonesia, West Africa and China.

On December 16, 2013, Harvest Natural Resources confirmed it had closed the …

December 16, 2013 - 4:40 pm

Barclays Estimates Global E&P Spending to Set Record in 2014; Horizontal Drilling in the Permian Pace North American Growth

Global exploration and production spending is poised to reach $723 billion in 2014, according to a 2014 Global E&P Spending Report by Barclays on December 9, 2013. The record will mark the first time spending has eclipsed the $700 billion …

December 10, 2013 - 5:00 pm
Total SA Teams Up with InterOil for Papua New Guinea LNG Project

Total SA Teams Up with InterOil for Papua New Guinea LNG Project

InterOil Corporation (ticker: IOC) is developing a vertically integrated energy business whose primary focus is Papua New Guinea. InterOil’s assets consist of petroleum licenses covering about 3.9 million acres, an oil refinery, and retail and commercial distribution facilities, all located …

December 6, 2013 - 4:16 pm
Mexico Turns Focus to Privatizing Energy Industry in Hopes of Spurring Sinking Economy

Mexico Turns Focus to Privatizing Energy Industry in Hopes of Spurring Sinking Economy

After settling electoral reform on December 3, 2013, Mexico is shifting its attention to its highly publicized and highly criticized reform of the oil industry.

Lawmakers are still adjusting the fine print of the bill but the main point of …

December 5, 2013 - 4:29 pm

Trust, Yet Verify: Long-Term Oil Markets Not Expected to be affected by Iran Pact

On November 24, 2013, the United States and Iran reached a diplomatic accord in hopes of soothing tensions existing since the Carter administration. As part of the deal, Iran agreed to freeze its entire nuclear program in exchange for the …

November 26, 2013 - 5:13 pm

CARBO Ceramics Reports Revenue Increase of 33% in Q3’13 Results

CARBO Ceramics Inc. (ticker: CRR) is the world’s largest supplier of ceramic proppant for fracturing oil and gas wells and a supplier of resin-coated sand proppant; the provider of the industry’s most widely used fracture simulation software; and a provider …

November 1, 2013 - 3:44 pm
Harvest Natural Resources Announces Gabon Asset Sale Negotiations

Harvest Natural Resources Announces Gabon Asset Sale Negotiations

Harvest Natural Resources, Inc., (ticker: HNR) headquartered in Houston, Texas, is an independent energy company with primary assets in Venezuela, exploration assets in Indonesia, West Africa, China and business development offices in Singapore and the United Kingdom.

On September 30, …

October 1, 2013 - 12:46 pm
Harvest Natural Resources in Negotiations to Sell Company, Spin-Off Assets

Harvest Natural Resources in Negotiations to Sell Company, Spin-Off Assets

Harvest Natural Resources, Inc., (ticker: HNR) headquartered in Houston, Texas, is an independent energy company with principal operations in Venezuela, exploration assets in Indonesia, West Africa, China and business development offices in Singapore and the United Kingdom.

HNR recently presented …

September 13, 2013 - 10:57 am
Japan and India Create LNG Buyer’s Group in Hopes of Luring Additional Imports

Japan and India Create LNG Buyer’s Group in Hopes of Luring Additional Imports

The governments of Japan and India announced on September 9, 2013, a joint buyer’s group agreement to increase the importation of liquefied natural gas (LNG) in an attempt to offset their rising energy prices.

According to Mari Iwata’s report in …

September 10, 2013 - 3:44 pm
Apache Corporation Sells Portion of Egypt Assets for $3.1 Billion to Sinopec

Apache Corporation Sells Portion of Egypt Assets for $3.1 Billion to Sinopec

Apache Corporation (ticker: APA) is an oil and gas exploration and production company with operations in the United States, Canada, Egypt, the United Kingdom, Australia and Argentina. It is one of the world’s top independent E&P companies and recently celebrated …

September 4, 2013 - 5:39 pm

Crude Oil Cuttings (Week Ended 7/5/13)

Crude Oil Inventory/’000 BBLS

Current: 373,918
Actual Build/(Withdrawal): (9,874)
Economist Average Estimate: (3,114)
Previous: 383,792

Click here for the chart with five year averages.

CRUDE OIL IN THE MEDIA

*Fracking Firms Face New Crop of Competitors – WSJ

So many …

July 10, 2013 - 10:46 am
African “Fray” Causing Down-tick in OPEC Production

African “Fray” Causing Down-tick in OPEC Production

The Organization of the Petroleum Exporting Countries (OPEC) crude output in June fell by 130,000 BOPD due to lower exports from Iraq and disruptions in Libya and Nigeria according to a recent survey published by Reuters.  OPEC was founded in …

July 1, 2013 - 4:54 pm
Let’s Work For America, Not Against It; Climate Change Speech Positive for Natural Gas

Let’s Work For America, Not Against It; Climate Change Speech Positive for Natural Gas

President Barack Obama’s first climate change speech of his second term focused on three main points: cutting carbon pollution in America, preparing the U.S. for the impacts of climate change, and leading international efforts to combat global climate change.

Our …

June 26, 2013 - 2:49 pm

Crude Oil Cuttings (Week Ended 6/19/13)

CRUDE OIL INVENTORY/’000 bbls (Week Ended 6/19/13)

Current: 394,121
Actual Build/(Withdrawal): 313
Economist Average Estimate: (425)
Previous: 393,808

Click here for the chart with five year averages.

 

CRUDE OIL IN THE MEDIA

*Brent Holds Above $106, All Eyes on

June 19, 2013 - 12:50 pm

Natural Gas Roundup (Week Ended 4/19/13)

NATURAL GAS INVENTORY

Current: 1,734 Bcf
Actual Injection/(Withdrawal): 30 Bcf
Economist Average Estimate: 32 Bcf
Previous: 1,704 Bcf

Click here for the chart with five year averages.

NATURAL GAS IN THE MEDIA

*Pressure Mounts on US to Export Natural Gas

April 25, 2013 - 11:08 am

Crude Oil Cuttings (Week Ended 4/12/13)

CRUDE OIL INVENTORY/’000 bbls 

Current: 387,641
Actual Build/(Withdrawal): (1,233)
Economist Average Estimate: 1,082
Previous: 388,874

Click here for the chart with five year averages.

IN CASE YOU MISSED IT

*VIDEO: U.S. Need for Oil Is `Shrinking,’ Petrie Says – Bloomberg

April 17, 2013 - 10:52 am

CAMAC Energy Inc. Announces Year End and Fourth Quarter 2012 Results and Provides Operational Update

CAMAC Energy Inc. (ticker: CAK) is a Houston-headquartered oil and natural gas company exploring the vast onshore and offshore basins of East and West Africa. Offshore Nigeria, CAK currently produces from the Oyo Oilfield on block OML 120 with additional …

April 12, 2013 - 11:59 am
Unleashing the Dragon – Being the Number One Importer Ain’t Always a Good Thing.

Unleashing the Dragon – Being the Number One Importer Ain’t Always a Good Thing.

Oil.  It Brings Good Things to Life.

On April 4, Abdalla S. El-Badri, OPEC Secretary General, at the OPEC-IEA-IEF Session of the 14th International Oil Summit in Paris, France,  delivered a keynote speech that spoke of oil’s place in world …

April 4, 2013 - 7:42 pm

Crude Oil Cuttings

CRUDE OIL INVENTORY/’000 bbls (Week Ended 3/8/13)

Current: 383,975
Actual Build/(Withdrawal): 2,624
Economist Average Estimate: 2,236
Previous: 381,351

Click here for the chart with five year averages.

CRUDE OIL IN THE MEDIA

*EnerCom’s Monthly Energy Industry Data and Trends Reports

March 13, 2013 - 5:19 pm

Get your Fracs Straight before Inserting Foot in Mouth

CRUDE OIL INVENTORY/’000 bbls (Week Ended 3/1/13)

Current: 381,351
Actual Build/(Withdrawal): 3,833
Economist Average Estimate: 327
Previous: 377,518

Click here for the chart with five year averages.

CRUDE OIL IN THE MEDIA

*U.S. Tops Saudi Arabia as World’s Biggest Fuel

March 6, 2013 - 6:28 pm

CARBO Ceramics Inc. Reports Q4'12 Results

  • Quarterly revenues of $153.6 million compared to $158.1 million in the prior year
  • Reported net income of $19.8 million, or $0.86 per share for the quarter, including an after-tax charge of $0.03 per share for the wind-down of Applied Geomechanics
January 31, 2013 - 9:19 pm

Core Laboratories N.V. Reports Most Profitable Quarter Ever; Q4'12 Results

Core Laboratories N.V. (ticker: CLB) is a leading provider of proprietary and patented reservoir description, production enhancement, and reservoir management services used to optimize petroleum reservoir performance.  The Company has over 70 offices in more than 50 countries and is …

January 31, 2013 - 9:00 pm

Important Data Points from OPEC’s October Monthly Oil Market Report

The Organization of the Petroleum Exporting Countries (OPEC) is putting forth bearish signals on the world’s economy. The 12-member organization lowered its forecast for growth in global oil demand this year and warned of a continued slowdown in 2013.

World

November 6, 2012 - 7:56 pm
CARBO Ceramics Inc Reports Q3’12 Results; Looking Ahead is Always Best

CARBO Ceramics Inc Reports Q3’12 Results; Looking Ahead is Always Best

CARBO Ceramics (ticker: CRR) is the world’s largest supplier of ceramic proppant for fracturing oil and gas wells and a supplier of resin-coated sand proppant. The company faces challenges amid lower energy prices, global economic weakness, and an influx of …

October 25, 2012 - 10:56 pm

Petronas/Progress Energy Deal Blocked – A Roundup of Coverage

Canada blocks Petronas’ bid for Progress Energy – AP

TORONTO — Canada has blocked the Malaysian state-owned oil firm Petronas’ US$5.2 billion (CA$5.17 billion) bid for gas producer Progress Energy Resources, saying the proposed investment would not provide a net …

October 22, 2012 - 7:29 pm

REPOST: Clinton Cites 'Energy Diplomacy' as Driving Force in Foreign Policy

WSJ REPOST: Secretary of State Hillary Clinton on Thursday described “energy diplomacy” as a driving force behind U.S. foreign policy and offered a spirited defense of the Obama administration’s foreign-policy record. She also took swipes at rivals, including China and …

October 19, 2012 - 2:01 pm

It’s a Big Gas World!

NATURAL GAS INVENTORY (Week Ended 10/5/12)

Current: 3,725 Bcf
Actual Injection/(Withdrawal): 72 Bcf
Economist Average Estimate: 79 Bcf
Previous: 3,653 Bcf

Click here for the chart with five year averages.

NATURAL GAS IN THE MEDIA

*Houston firm drilling exploratory well

October 11, 2012 - 3:19 pm

Geopolitical Issues Push WTI/Brent Differential to $23

CRUDE OIL INVENTORY/’000 bbls (Week Ended 10/5/12)

Current: 366,370
Actual Build/(Withdrawal): 1,672
Economist Average Estimate: 773
Previous: 364,698

Click here for the chart with five year averages.

CRUDE OIL IN THE MEDIA

*Continental Resources says Oklahoma discovery may add 1.8

October 11, 2012 - 3:15 pm

Oil Prices Falling Below $90

CRUDE OIL INVENTORY/’000 bbls (Week Ended 9/28/12)

Current: 364,698
Actual Build/(Withdrawal): (482)
Economist Average Estimate: 1,486
Previous: 365,180

Click here for the chart with five year averages.

CRUDE OIL IN THE MEDIA

*Presidential debate could shed light on energy issues

October 3, 2012 - 3:48 pm

Brent and WTI – Which Way are They Headed?

Every Wednesday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: Brent and WTI – Which Way are They Headed?

CRUDE OIL INVENTORY/’000 bbls (Week

September 26, 2012 - 4:00 pm