Post Tagged with: "gas"

TransCanada Announces Preferred Share Issuance

TransCanada Announces Preferred Share Issuance

CALGARY, ALBERTA–(Marketwired – April 13, 2016) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it will issue 12 million cumulative redeemable minimum rate reset first preferred shares, series 13 (the “Series 13 Preferred Shares”) at a price of $25.00 …

April 13, 2016 - 5:43 pm Canada
U.S. Unemployment Falls Below 5%

U.S. Unemployment Falls Below 5%

U.S. unemployment continues to drop while oil and gas industry sheds jobs

The U.S. economy added 151,000 jobs in January, according to the latest release from the Bureau of Labor Statistics. The additional jobs pushed unemployment below the 5% …

February 5, 2016 - 4:12 pm Closing Bell Story‎, Oil and Gas 360 Articles
For the Year, U.S. Economic Growth Exceeds Five Year Average

For the Year, U.S. Economic Growth Exceeds Five Year Average

In spite of reaching only 0.7% in fourth quarter of 2015

The U.S. Bureau of Economic Analysis released the growth numbers for the U.S. economy for fourth quarter, and full-year, 2015. According to the BEA, economic growth was just …

January 29, 2016 - 6:16 pm Closing Bell Story‎, Oil and Gas 360 Articles
Oil Rig Count Falls Below 500

Oil Rig Count Falls Below 500

Rig count sheds 3% of total

The U.S. rig count continued its trend downward in the week ended January 29, according to information from Baker Hughes (ticker: BHI, BakerHughes.com). The U.S. total rig count landed at 619, down 18 …

Oil and Gas Bankruptcy Climbs to More than $16 Billion in 2015

Oil and Gas Bankruptcy Climbs to More than $16 Billion in 2015

*This story was corrected from an earlier version to reflect Energy & Exploration Partners’ debt level

Low oil prices push 41 energy companies into bankruptcy

Saying that 2015 has been a difficult year for the oil and gas sector would …

Source: Kremlin.ru

Putin Gives His Outlook on Oil and Gas, Russia’s Economy

Exploration is a Major Part of Our Future

During his time in office, both as the Russian president and prime minister, President Vladimir Putin has held a conference every year. The conference is held with members of the press, both …

Moody’s Calls for Oil Prices to “Eventually Rebound”

Moody’s Calls for Oil Prices to “Eventually Rebound”

Revises Price Assumptions Down in the Interim

A Moody’s Investors Service report out today has lowered pricing assumptions for Brent and WTI and examines how a sustained period of lower oil prices would affect certain industries in producing and non-producing …

Alberta Drops 22 Places in Study of Attractive Places to Invest

Alberta Drops 22 Places in Study of Attractive Places to Invest

Alberta falls to 38th from 16th in just one year

Alberta is becoming a less attractive target for oil and gas investment, according to an annual study conducted by the Fraser Institute. The survey of petroleum executives, …

December 1, 2015 - 5:38 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
OPEC a Year Later: Who Will Adapt and Survive?

OPEC a Year Later: Who Will Adapt and Survive?

A shot heard round the world

Last November 27, OPEC sparked the decline in crude oil prices that would see both international benchmark Brent crude, and U.S. benchmark WTI crude, lose more than 50% of their value. The group decided …

Egypt Hopes to Start Production from Zohr Gas Field a Year Ahead of Original Plans

Egypt Hopes to Start Production from Zohr Gas Field a Year Ahead of Original Plans

Italy’s Eni expects to invest $6-$10 billion in Zohr

Egypt’s Oil Minister Tarek El Molla said this week that the country hopes to have production from the newly discovered Zohr gas field starting in 2017, a year ahead of its …

Rig Count Holds Steady for the First Time in Two Months

Rig Count Holds Steady for the First Time in Two Months

Oil and gas rig counts hold total in balance

The total rig count for active U.S. rigs held steady at 787 after 8 consecutive weeks of falling. The last time the U.S. rig count remained the same week-over-week was the …

Oil Rigs Down 63% from a Year Ago

Oil Rigs Down 63% from a Year Ago

The U.S. continues to lay down rigs drilling for oil

The number of rigs active in the U.S. continued to drop this week as markets continue to balance the oversupply in global oil output. The total number of rigs drilling …

Will Russia Survive the Oil & Gas Downturn?

Will Russia Survive the Oil & Gas Downturn?

Russia Experts Discuss How Today’s Commodities Prices and Shifting Market Dynamics are affecting the Russian Oil & Gas Industry in this Exclusive Oil & Gas 360® Analysis

Around the world, in places where oil and gas is a dominant resource, …

A rig site in North Dakota

Oil Rigs Continue Six-Week Slide

Rig count hits five-year low

The U.S. rig count continued to slide further even as WTI prices staged a comeback, climbing near $50 per barrel. The total rig count in the U.S. fell 14 rigs this week to 795 total …

Oil & Gas Drilling: Colorado Supreme Court to Hear Case on Local Control

Oil & Gas Drilling: Colorado Supreme Court to Hear Case on Local Control

Decision could have wide reaching implications for Colorado oil and gas operations

The Colorado Supreme Court announced this week that it will hear cases that will decide the debate on local control on hydraulic fracturing in state. The court agreed …

Ukraine Calls for Another Gas Deal, 20% Debt Write-Down with Russia

Ukraine Calls for Another Gas Deal, 20% Debt Write-Down with Russia

Ukraine hopes to return to last winter’s gas deal

Ukrainian Prime Minister Arseniy Yatsenyuk said last Friday that Ukraine and Russia should implement a similar deal to the one reached last winter for the coming months, reports the Associated Press

August 31, 2015 - 5:27 pm International, Midstream, Oil and Gas 360 Articles
Rigs Hold Steady

Rigs Hold Steady

Gains in oil rigs balance out reduced gas rigs

The total number of rigs drilling for oil and gas in the United States remained unchanged in the week ended August 18, 2015, according to information from Baker Hughes (ticker: BHI). …

TOP MINDS IN THE BUSINESS: Bruce Benson, President of the University of Colorado

TOP MINDS IN THE BUSINESS: Bruce Benson, President of the University of Colorado

Bruce Benson has served as the President of the University of Colorado (CU) for the past 7 years, making him the longest-serving CU president in more than half a century. During his time at the helm of one of the …

Oil & Gas 360® International Update

Oil & Gas 360® International Update

The European Union – New pipelines and production

A new €93 million pipeline linking Ireland to Scotland’s gas network received the green light from regulators this week. The project will be partial funded with €33.7 million of European Union grant …

May 22, 2015 - 12:57 pm International, Oil and Gas 360 Articles, OPEC
The New Top 100 Oil & Gas Fields in the U.S.

The New Top 100 Oil & Gas Fields in the U.S.

Eagle Ford fields rank in top ten now, didn’t crack the top 100 in 2009

For the first time since 2009, the Energy Information Administration (EIA) published its report on the top 100 oil and gas fields in the United

EIA – U.S. Household Gasoline Expenditures in 2015 could be the Lowest in 11 Years

EIA – U.S. Household Gasoline Expenditures in 2015 could be the Lowest in 11 Years

Falling prices at the pump will lead to U.S. households spending less on gas next year than in the last eleven years, according to a forecast from the Energy Information Administration (EIA).

The average U.S. household is expected to spend …

December 16, 2014 - 6:38 pm Oil and Gas 360 Articles

Range Resources Sets Company Production Volume Record in Third Quarter Earnings Release

Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The Company pursues an organic growth strategy targeting high return, low-cost projects within …

November 1, 2013 - 4:00 pm Earnings, Fracing, Midstream, Oil and Gas 360 Articles

Penn Virginia Touts Increased Production Guidance and Oil Growth in Third Quarter Earnings Release

Penn Virginia Corporation (ticker: PVA) is an independent oil and gas company engaged primarily in the development, exploration and production of oil and natural gas in various domestic onshore regions, including Texas, Oklahoma, Mississippi and Pennsylvania.

PVA announced its third …

November 1, 2013 - 3:51 pm Earnings, Midstream, Oil and Gas 360 Articles

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

Cabot Oil & Gas Reports Q3’13 Results; Big Wells are Getting Bigger

Cabot Oil & Gas Corporation (ticker: COG), headquartered in Houston, Texas, is a leading independent natural gas producer, with its entire resource base located in the continental United States. The company’s predominate growth asset is the Marcellus Shale in Pennsylvania …

October 29, 2013 - 1:31 pm Oil and Gas 360 Articles

Pioneer Natural Resources Sells Alaska Subsidiary for $550 Million, Shifts Focus to Core Wolfcamp Assets

Pioneer Natural Resources Company (ticker: PXD) is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. Pioneer is one of the most active drillers in Texas’ Spraberry/Wolfcamp oil field …

October 25, 2013 - 4:44 pm Arctic, Mergers & Acquisitions, Oil and Gas 360 Articles, OPEC

South Korea Latest Country to Stray From Nuclear Power

South Korea, Asia’s fourth-largest economy, is struggling with recurring energy supply shortages. Despite the issue, country officials pledged to drastically scale back nuclear power at the World Energy Congress meeting on October 13, 2013. Nuclear energy accounted for 26.4% of …

October 23, 2013 - 2:03 pm Oil and Gas 360 Articles
Bam! It’s Earnings Season Again – Q3’13 Estimates

Bam! It’s Earnings Season Again – Q3’13 Estimates

EnerCom, Inc. compiled third quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 182 E&P and OilService companies in our database.

Click here for the full chart of estimates.

The median OilServices company earnings …

October 16, 2013 - 12:58 pm Analytics, Earnings, Midstream, Oil and Gas 360 Articles

Petrobras Reverses Production Trend; Exploring Billion Barrel Potential Field

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 …

October 4, 2013 - 12:35 pm Oil and Gas 360 Articles
California Fracing Bill Could Slow Monterey Shale Production

California Fracing Bill Could Slow Monterey Shale Production

On September 11, 2013, the California Assembly passed a law attempting to regulate fracing in the state’s Monterey shale.

The bill, listed as Senate Bill 4 (SB 4), will go into effect on January 1, 2015. SB 4 will …

September 13, 2013 - 4:14 pm Fracing, Oil and Gas 360 Articles, Regulatory