Post Tagged with: "Crude"

Noble Energy Adds to Delaware Basin Takeaway

Noble Energy Adds to Delaware Basin Takeaway

Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) today announced that it has supplemented its Delaware Basin takeaway position with an additional firm sales agreement which will result in the Company’s crude oil reaching the Gulf Coast.  The …

Inventories Back at Five-Year Averages—for Now

Inventories Back at Five-Year Averages—for Now

The production cuts may have erased the surplus, but for how long?

Stored petroleum around the world fell through 2017 and the first quarter of 2018, ending a period of oversupply in the global market that began before OPEC began …

Gray Oak Pipeline Links Permian’s Oil to Corpus Christi’s Refining and Exports

Gray Oak Pipeline Links Permian’s Oil to Corpus Christi’s Refining and Exports

Expanded pipeline could grow to one million barrels per day of oil takeaway

Andeavor (ticker: ANDV), formerly known as Tesoro, will be partnering up with Phillips 66 Partners (ticker: PSXCP) and Buckeye Partners, L.P. (ticker: BPL) in two projects that …

ConocoPhillips Doubles Down in British Columbia’s Montney with 35,000-Acre Acquisition

ConocoPhillips Doubles Down in British Columbia’s Montney with 35,000-Acre Acquisition

Oil and gas investment in politically risky British Columbia

Just a few days before Kinder Morgan Canada said it would halt investment and construction on the Trans Mountain pipeline expansion due to political risk in British Columbia, ConocoPhillips (ticker: COP) …

Crescent Point Energy Grows USA Operations

Crescent Point Energy Grows USA Operations

Crescent Point Energy Corp. (ticker: CPG) said its Q1 2018 production and cash flow from its U.S. assets have grown year-over-year by approximately 60% and 175%, respectively. Additionally, the company said its land position in the east shale Duvernay light …

Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

Venezuela’s citizens are left holding a bag, one that is saddled with $60 billion dollars worth of debt.

Citizens of Venezuela have been buying into bonds due to government policies of subsidizing the purchase of foreign debt by individual investors, …

Cactus II Pipeline Primed with Contracts

Cactus II Pipeline Primed with Contracts

Plains All American Pipeline, L.P. (ticker: PAA) has completed the open season for its Cactus II pipeline, securing long-term third-party shipper contracts totaling 525 MBOPD. The pipeline has an initial capacity of 585 MBOPD and stretches from the Permian Basin …

Cabot Oil & Gas Earns $100 Million in 2017, Plans $950 Million 2018 CapEx

Cabot Oil & Gas Earns $100 Million in 2017, Plans $950 Million 2018 CapEx

Cabot Oil & Gas Corporation (ticker: COG) produced 685.3 Bcfe in 2017. The production mix consisted of 655.6 Bcf of natural gas, 4,440.9 Mbbls of crude oil and condensate and 512.1 Mbbls of NGLs.

Cabot incurred a total of $757.2 …

Iron Horse Pipeline - Open Season, Feb. 2018

Silver Creek Partners, Tallgrass Energy Pipeline Will Transport Crude from PRB

Silver Creek Midstream, LLC and Tall Grass Energy Partners, LP (ticker: TEP) have signed an agreement to develop the Iron Horse Pipeline, a joint venture pipeline to transport crude oil from the Powder River Basin (PRB) to Guernsey, Wyoming.

Iron …

February 8, 2018 - 3:23 pm Closing Bell Story‎, Midstream, Oil and Gas 360 Articles
World’s Crude Stockpiles Will Increase in 2018: Morningstar

World’s Crude Stockpiles Will Increase in 2018: Morningstar

U.S., Libya and Nigeria will drive up global supply

From Morningstar

Crude fundamentals look healthier than they’ve been for years, largely due to voluntary curtailments from OPEC and its partners. By giving up 1.8 million barrels per day (mmb/d), combined, …

December 28, 2017 - 10:58 am Closing Bell Story‎, Commodity Pricing, Energy News
All-Time High for U.S. Crude Exports

All-Time High for U.S. Crude Exports

Widening spread incentivizes marketers to export abroad: Fed

U.S. crude oil exports went from 1.29 MMBOPD in Sept. to 1.78 MMBOPD in Oct., an all-time high according to the Federal Reserve Bank of Dallas.

The crude oil export ban was …

November 17, 2017 - 5:51 pm Closing Bell Story‎, Energy News
EnerCom Dallas will Showcase Oil & Gas Industry Leaders Next Week

EnerCom Dallas will Showcase Oil & Gas Industry Leaders Next Week

EnerCom Dallas will feature upside opportunities in oil and gas March 1-2, 2017 – at the Tower Club Downtown Dallas

On March 1 at 7:00 a.m. CST, just one week away, the EnerCom Dallas oil and gas investment conference will …

Source: Iraqenergy.org

WTI Up 12% on Further Speculation of OPEC Cuts

Hopes of a coordinated cut from OPEC continue to spur WTI prices

Prices for U.S. crude oil benchmark WTI were up over 12% at 1:20 p.m. EST today on continued hopes that OPEC would cut production in order to bolster …