Venezuela’s state-run oil company PDVSA has limited the damage from an unprecedented slump in crude exports by transferring oil between tankers at sea and loading vessels in neighboring Cuba to avoid asset seizures.
But the OPEC member nation …
Q: When I’m looking at the various kind of sizes of the projects, anywhere from kind of 5-well pads to 20-well pads. And you all do mention in the slides that, for …
WPX Energy (ticker: WPX) announced second quarter results last week, showing a net loss of $83 million, or ($0.21) per share.
WPX produced 125 MBOEPD in Q2, continuing the company’s recent pro …
A new race to build multi-billion dollar liquefied natural gas (LNG) plants is gaining momentum after a long hiatus in investments as energy giants sense a widening supply gap within five years.
Spending on new, complex facilities that …
Chinese President Xi Jinping’s trade policies are threatening to make his environmental goals more costly to meet.
The world’s biggest gas importer included U.S. liquefied natural gas on a list of goods Friday that could be hit with …
After partnering for nearly three decades at Australia’s oldest liquefied natural gas export plant, Woodside Petroleum Ltd. and Chevron Corp. are competing to shape the next phase of the country’s gas development.
Both are vying to build a …
EOG Resources, Inc. (NYSE: EOG) reported second quarter 2018 results and beats its oil, natural gas, and NGL production targets.
Drilling activity fell in the U.S. this week, as rig counts continue to meander near 1,050 total rigs, according to Baker Hughes Weekly Rig Count.
A net four rigs shut down this week, leaving …
From Reuters
Pipeline operator TransCanada Corp is seeing strong interest from oil shippers in locking up the remaining space on Keystone XL and expects it to be fully subscribed, its chief executive said on Thursday.
TransCanada has not yet made …
The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week.
In total, the EIA reports natural gas stocks rose by 35 Bcf last week, increasing to 2,308 Bcf …
DCP Midstream, LP (NYSE: DCP) announced that Mewbourn 3, a new 200 million cubic feet per day (MMcf/d) natural gas processing plant is now in service ahead of all announced timelines. Mewbourn 3 is DCP’s tenth plant in the DJ …
Chesapeake Energy (ticker: CHK) announced a major divestiture last week, selling its Utica assets in a $2 billion transaction.
Chesapeake will sell all of its acreage in Ohio to privately-backed Encino Acquisition Partners …
Williams (NYSE: WMB) has announced its midstream entry into Colorado’s DJ Basin and the exit of Williams Partners L.P. (NYSE: WPZ) from the Four Corners Area in New Mexico and Colorado.
Williams and KKR & Co. (NYSE: …
Drilling activity increased slightly in the U.S. this week, as activity continues to shift mildly, according to the latest edition of Baker Hughes’ Weekly Rig Count. A net two rigs began drilling in the country, meaning …
BHP (ticker: BHP) has finally found a buyer for its U.S. shale assets, as the company today announced BP (ticker: BP) will purchase most onshore U.S. properties. BP will pay $10.5 billion for BHP’s …
QEP Resources (ticker: QEP) reported second quarter results today, showing a net loss of $336 million, or ($1.42) per share. This loss is due to a $404 million impairment QEP recorded on the …
The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week.
In total, the EIA reports natural gas stocks rose by 24 Bcf last week, increasing to 2,273 Bcf …
From Reuters
Dominion Energy Inc said on Wednesday that its $6-$6.5 billion Atlantic Coast natural gas pipeline from West Virginia to Virginia and North Carolina remained on track to enter service in late 2019 after federal regulators approved the start …
From Reuters
The U.S. Energy Department on Wednesday cleared the way for faster approval of small scale exports of natural gas including liquefied natural gas to Latin American countries by issuing a rule that does away with a public interest …
Drilling activity in the U.S. declined this week as activity continues to hover around 1,050 active rigs, according to Baker Hughes Weekly Rig Count.
Six land-based rigs shut down this week, and two offshore rigs …
Seems like just yesterday it was Q1 reporting season. But time accelerates quarterly in the public company universe and it’s already that time again. Schlumberger (ticker: SLB) reports tomorrow.
EnerCom, Inc. has compiled second quarter earnings per share, revenue, EBITDA …
The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week.
In total, the EIA reports natural gas stocks rose by 46 Bcf last week, increasing to 2,249 Bcf …
According to the EIA’s most recent Drilling Productivity Report, the natural gas spot price spread between the Permian Basin, as priced at the Waha Hub in western Texas, and the U.S. national benchmark Henry Hub in Louisiana has grown dramatically …
A major Mexican pipeline opened this week after almost two years of delays. That’s the good news for drillers across the border who are seeking an expanded market for natural gas siphoned from the pent-up Permian Basin.
The …
A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas (LNG) buyers.
The Excellence is the latest floating storage and …
Methanex Corporation (TSX:MX) (NASDAQ:MEOH) announced today that it has signed agreements in New Zealand that are expected to supply gas to underpin over half of Methanex’s 2.4 million tonnes of annual production capacity in New Zealand for a period of …
The EIA released new data and it now estimates production growth will slow slightly from …
Drilling activity significantly outpaced completions this in June. The EIA estimates that the number of drilled uncompleted (DUC) wells in the major shale basins has grown by 193. There are now about …
Energy executives are becoming steadily more optimistic about the industry, according to the Federal Reserve Bank of Dallas’ most recent Energy Survey.
The Fed’s business activity index, which examines the overall activity level in oil …
