International

Oil & Gas Sector Continues to Surge as Job Market Slowly Shows Signs of Recovery

Oil & Gas Sector Continues to Surge as Job Market Slowly Shows Signs of Recovery

The United States Department of Labor reported job growth of 217,000 new jobs for the month of May, marking the fourth straight month of gains greater than 200,000. The labor market has not seen such persistent job growth since the …

June 9, 2014 - 7:16 pm Fracing, International, Oil and Gas 360 Articles
British Columbia Seeking Investment in its LNG Opportunities but Costs, Russia Raise Concern

British Columbia Seeking Investment in its LNG Opportunities but Costs, Russia Raise Concern

Liquefied natural gas (LNG) is being touted as the next major movement in the energy industry. Supermajors like Chevron (ticker: CVX), ExxonMobil (ticker: XOM) and Shell (ticker: RDS.B) are investing billions to build up LNG networks while …

June 2, 2014 - 10:56 am International, Midstream, Oil and Gas 360 Articles, OPEC
InterOil Closes Deal with Total on Papua New Guinea LNG Project; Appraisal Wells Being Drilled

InterOil Closes Deal with Total on Papua New Guinea LNG Project; Appraisal Wells Being Drilled

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

April 2, 2014 - 9:59 am International, Oil and Gas 360 Articles
Asia-Pacific Loads Up on LNG for Long-Term; Ukraine Crisis Clouds Global Short-Term Situation

Asia-Pacific Loads Up on LNG for Long-Term; Ukraine Crisis Clouds Global Short-Term Situation

The United States energy market has big decisions ahead of it: Do we export oil? How do we safely transport crude oil across our country? Should we build the Keystone pipeline? And perhaps more captivating is what the industry/country should …

Harvest Natural Resources Reports Fourth Quarter and 2013 Earnings Results

Harvest Natural Resources Reports Fourth Quarter and 2013 Earnings Results

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

Harvest announced its net oil sales for Q4’13 were 3,964 BOE, …

Anadarko Petroleum Boosts Proved Reserves by 9%, Projects Compound Annual Production Growth of 5% to 7% Through 2020 at Investor Day

Anadarko Petroleum Boosts Proved Reserves by 9%, Projects Compound Annual Production Growth of 5% to 7% Through 2020 at Investor Day

Anadarko Petroleum (ticker: APC) is among the world’s largest independent oil and natural gas exploration and production companies, with 2.79 billion BOE of proved reserves at year-end 2013. The company’s portfolio of assets encompasses premier positions in the Rocky Mountains …

March 12, 2014 - 1:29 pm Finance, International, Oil and Gas 360 Articles
CARBO Ceramics Boosting Capacity to Complement Record Sales Numbers

CARBO Ceramics Boosting Capacity to Complement Record Sales Numbers

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 (RCS) proppant; the provider of the industry’s most widely used fracture simulation software; and a …

February 12, 2014 - 4:28 pm Fracing, International, Oil and Gas 360 Articles
Petrobras Quarter in Review: Increase in Proved Reserves, Sub-Salt Production on the Rise

Petrobras Quarter in Review: Increase in Proved Reserves, Sub-Salt Production on the Rise

Petróleo Brasileiro S.A., or Petrobras (ticker: PBR), is the state-run oil company of Brazil and has operations in 24 countries across five continents. It is the largest producer in South America and participates in E&P, refining, trade, transportation, petrochemicals, oil …

Natural Gas – Where We’ve Been and Where We’re Going

Natural Gas – Where We’ve Been and Where We’re Going

Natural gas has come a long way since the Chinese first transported it in 500 B.C. through bamboo shoots to boil sea water, and make drinkable.

Nowadays, natural gas is the world’s fastest growing fossil fuel, with global consumption expected …

January 17, 2014 - 10:26 am Fracing, International, Oil and Gas 360 Articles, OPEC
Shell, ONGC Videsh Pay $1.636 Billion to Acquire Petrobras’ Interest in Offshore Brazil Assets

Shell, ONGC Videsh Pay $1.636 Billion to Acquire Petrobras’ Interest in Offshore Brazil Assets

On December 30, 2013, Royal Dutch Shell (ticker: RDS-B) completed a $1 billion transaction with Petrobras (ticker: PBR) to acquire an additional 23% interest in the Parque das Conchas (BC-10) offshore Brazil. Its working partner, India-based ONGC Videsh, also increased …

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 International, Offshore, Oil and Gas 360 Articles, OPEC, Regulatory

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 Canada, Fracing, International, Midstream, Oil and Gas 360 Articles
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 International, Oil and Gas 360 Articles
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 International, Offshore, Oil and Gas 360 Articles

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 …

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 International, Offshore, Oil and Gas 360 Articles
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 International, Offshore, Oil and Gas 360 Articles
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 …

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 International, Oil and Gas 360 Articles, Regulatory
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 International, Oil and Gas 360 Articles, OPEC

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 …

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 International, Oil and Gas 360 Articles, OPEC
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 …

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 International, Oil and Gas 360 Articles, OPEC

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

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

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 …

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 International, Oil and Gas 360 Articles, OPEC

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 Canada, International, Midstream, Oil and Gas 360 Articles, OPEC

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