2019 – Oil & Gas 360

Valero posts bumper Q3 profit as demand for its fuels exceeds 2019 levels

October 25, 2022

Oil Price Major U.S. refiner Valero Energy (NYSE: VLO) reported on Tuesday third-quarter earnings above analyst expectations, thanks to strong product demand exceeding 2019 levels and solid refining fundamentals in the U.S. and worldwide. Valero, which launched the earnings season for U.S. refiners today, said its adjusted net income surged to $2.8 billion, or $7.14 per share, for the third quarter,

U.S. Refinery Capacity Breaks 1981 Record

July 2, 2019

Marathon is now largest U.S. refiner, Valero second largest Not only is the United States upstream sector producing crude oil at record levels, the EIA has released its annual report for U.S. refining capacity, and the refining sector is breaking its own records. Source: EIA As of January 1, 2019, U.S. operable atmospheric crude oil distillation capacity was a record-high

EnerCom Updates Presenters on Day Two of the Oil & Gas Conference

June 25, 2019

EnerCom has updated additional oil and gas companies presenting on the second day of its 24th annual The Oil & Gas Conference®. The full conference runs Aug. 12-14, 2019 at the Westin Hotel Downtown Denver. Online conference registration is open. The Aug. 13 lineup from EnerCom includes a few new additions to its roster of presenting oil and gas company management teams. Advantage Oil & Gas Ltd. (TSX:

Gulf Coast LNG Developer Secures FERC Go-Ahead for 20 MTPA Export Plant

May 16, 2019

13.5 mtpa already under 20-year tolling agreements; Train 1 start-up planned for Q3 2019 Privately held Freeport LNG was approved by FERC to site, construct and operate its fourth natural gas liquefaction train, to be integrated into its existing natural gas liquefaction and LNG export facility on Quintana Island near Freeport, Texas. Approval from the U.S. Department of Energy for

Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017 - Oil & Gas 360

E&Ps are Managing Debt, Operating within Cash Flow, Responding to Commodities Prices

February 28, 2019

EnerCom Dallas E&Ps are positioned for whatever 2019 offers up The 2019 EnerCom Dallas oil and gas investor conference, which is taking place 48 stories above the streets of downtown Dallas this week, presented oil and gas producers and institutional investors a terrific view of some extra thick Texas-sized fog on Wednesday, along with a diversified group of presenting companies

Debt Free VAALCO Plans 2019 3-Well Drilling Program from Cash on Hand, Cash from Operations

February 11, 2019

VAALCO Energy Announces 76% Increase in Proved Reserves at Year-End 2018 and a 2019 Drilling Program to Include Up to Three Development Wells Funded With Cash on Hand and Cash From Operations …

Truckers’ Group Plans Nationwide Shutdown in April

December 31, 2018

Truckers seek better conditions, hours, training, want strong voice in regulations proposed From FreightWaves A group calling itself Black Smoke Matters is trying to organize a shutdown of truckers on April 12, 2019, to protest a variety of conditions affecting drivers, including hours of service and training levels. The group organized a previous protest on Oct 6, 2018, that slowed

Xi Has Few Good Options After Trump’s Ultimatum on G-20 Meeting - Oil & Gas 360

What’s in Store for Global Transport and Supply Chain Logistics in 2019?

December 31, 2018

From the American Journal of Transportation Capacity crunch continues in 2019 Over the last decade, trucking capacity has continued to tighten, making it increasingly difficult for shippers to find trucks to transport their bulk products. In 2019, many ocean carriers will be forced to sit longer at port waiting for trucks to pick up the cargo, which will prompt some

Oil Market Volatility will Continue into New Year: Analysts

December 28, 2018

By CNBC Energy analysts believe oil market volatility will continue until the build-up in U.S. crude stockpiles reverses. U.S. crude fell to an 18-month low on Monday, only to post its best one-day performance in more than two years on Wednesday. The oil market is under the thrall of macroeconomic factors that are weighing on the stock market and raising

The Oil & Gas Story in 2018 was Written by Strong Oil Prices

December 27, 2018

Oil prices above breakeven for three quarters of the year positive for drillers On the whole, 2018 produced good news for U.S. oil and gas companies, at least through the first three quarters of the year. Prices were above breakeven level for the first nine months of 2018, allowing producers to kick drilling plans and capital usage into high gear,

Sundance Energy Provides December 2018 Operational Update

December 17, 2018

Sundance Energy Provides December 2018 Operational Update

Gran Tierra Energy Announces Record Production, Expects 12 to 18 Percent Further Growth within Cash Flow in 2019

December 17, 2018

Gran Tierra Energy Inc. Announces Operational Update and 2019 Guidance: 12 to 18% Production Growth within Cash Flow

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