Post Tagged with: "International"

Weatherford: Net Loss of $1.94 Billion

Weatherford: Net Loss of $1.94 Billion

Weatherford International plc (ticker: WFT) reported a net loss of $1.94 billion, or a loss of ($1.95) per share for the fourth quarter of 2017. Non-GAAP net loss for the fourth quarter of 2017, excluding charges and credits, was $329 …

ExxonMobil Plans to Ramp Up Drilling in Permian and Bakken

ExxonMobil Plans to Ramp Up Drilling in Permian and Bakken

Exxon Mobil Corporation (ticker: XOM) reported 2017 earnings of $19.7 billion, compared to $7.8 billion in 2016 – this represents a 151% increase. Non-cash asset impairments of $1.5 billion were recorded during the year, mainly due to upstream assets.

Q4 …

The North Sea Will Have Legs in 2018: Halliburton CEO Miller

The North Sea Will Have Legs in 2018: Halliburton CEO Miller

Halliburton Company (ticker: HAL) announced a loss from continuing operations of $805 million, or ($0.92) per diluted share, for the fourth quarter of 2017. Adjusted income from continuing operations for the fourth quarter of 2017, excluding charges related to United …

GeoPark Issues Operational Update

GeoPark Issues Operational Update

GeoPark Limited (ticker: GPRK), an independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Brazil, Argentina, Chile and Peru, issued an operational update.

GeoPark’s 2018 work program and budget is $100-$110 million. …

International Petroleum Acquires Shallow Conventional Alberta Assets

International Petroleum Acquires Shallow Conventional Alberta Assets

International Petroleum Corp. (ticker: IPCO) has acquired conventional oil and gas assets in Alberta, Canada.

The Suffield and Alderson conventional oil and natural gas assets are held over a large, contiguous land position of 800,000 net acres of shallow natural …

U.S. Rig Count Climbs by 1 to 931

U.S. Rig Count Climbs by 1 to 931

U.S. rig count is up by one from last week, to 931, according to Baker Hughes’ latest rig count data.

One land rig was added. Overall, the change from last year has been a positive gain of 278 rigs from …

December 27, 2017 - 5:31 pm Closing Bell Story‎, Oil and Gas 360 Articles
Kuwait Petroleum and Shell Sign 15-Year Agreement

Kuwait Petroleum and Shell Sign 15-Year Agreement

Royal Dutch Shell plc (ticker: RDS.A) and Kuwait Petroleum Corp. have signed an LNG contract that secures Kuwait’s domestic energy needs for the next 15 years.

A private source told Bloomberg that the contract will cover 2-3 million metric tons …

Oil & Gas 360 - France’s Total and Sempra Energy Sign North America LNG Deal

Cove Point LNG Facility Almost at the Finish Line

Introduces feed gas this week: commissioning operations underway

Dominion Energy Cove Point (ticker: D) introduced feed gas into its new LNG facility this week.

The facility has been under design, permitting and construction for the past several years and it …

Shale in the United Kingdom

Shale in the United Kingdom

Current production and consumption

The UK government released an industrial strategy white paper this week, giving a small hint about the future of fracing with the British Empire. The white paper revealed that the UK government is still considering shale …

Fraser Institute Releases 2017 Global Petroleum Survey Results

Fraser Institute Releases 2017 Global Petroleum Survey Results

The shackles are being taken off the U.S. energy sector, which spells trouble for Canadian jurisdictions trying to attract oil and gas investment dollars – Fraser Institute

What is the Global Petroleum Survey?

The annual survey, published by the Fraser …

Source: Bashneft

European Operator Buys Large Stake in Russian Gas Field for $1.9 Billion

OMV purchases a 25% stake in the Yuzhno Russkoye gas field in Western Siberia, gains 100 MBOEPD

OMV Aktiengesellschaft (ticker: OMG), an Austrian integrated oil and gas company, announced Sunday that the company purchased a 24.99% stake in the Yuzhno …

Chad Hits ExxonMobil-led Consortium with $75 Billion Fine on $819 Million in Unpaid Royalties

Chad Hits ExxonMobil-led Consortium with $75 Billion Fine on $819 Million in Unpaid Royalties

Court decision would see Exxon pay Chad nearly seven-times the country’s GDP in penalties

A court decision handed down in the African country of Chad ordered international oil major ExxonMobil (ticker: XOM) to pay 44 trillion CFA francs ($75 billion) …

Petrobras oil output in the pre-salt cluster surpasses 1 million barrels per day

Rio de Janeiro, June 8, 2016 – Petróleo Brasileiro S.A. – Petrobras announces that its total production of oil and natural gas in May was of 2.83 million barrels of oil equivalent per day (boed), 5% higher than the volume …

June 10, 2016 - 1:21 pm Closing Bell Story‎, Energy News, International

Saudi Arabia Cutting – Price, Not Production

Saudi Arabia continues its plan to protect market share

Saudi Arabia today cut prices of its oil to customers in major markets including Europe, Asia and the Mediterranean in the hopes of defending its market share. The move is seen …

E&P CapEx: First Double Dip Since ‘86

E&P CapEx: First Double Dip Since ‘86

2016 global E&P spending expected to decline 15%-20% in 2016: Barclay’s

“That’s what Friends are For” was the Billboard Top 100 song the last time this happened. Exploration and production spending is expected to decline by 15% this year. That’s …

Shell Management Day – Reshaping the Company

Shell Management Day – Reshaping the Company

We grow to simplify

In Shell’s (Ticker: RDSA) management day meeting Nov. 3, 2015, the executive team discussed the current state of the oil and gas industry, commodity prices, the BG acquisition and Shell’s plans upcoming. Some comments from CEO …

Source: The Society of Petroleum Engineers

Pemex Sees Silver Lining in U.S. Crude Swap Agreement after Posting Its Largest Quarterly Loss

Mexico’s state-owned oil major is on pace to record its lowest annual production in three decades

Petroleos Mexicanos (Pemex) has transformed its energy policies and welcomed investments with open arms, but the progress is no match for the 53% drop …

China Grants Crude Imports to Independent Refiners

China Grants Crude Imports to Independent Refiners

Allowing independent refiners to import could boost demand

China’s Ministry of Commerce announced today that it will grant licenses to two independent refineries to directly import crude oil as the country works to allow more room for independent players in …

August 10, 2015 - 7:02 pm Downstream, International, Oil and Gas 360 Articles
Expect to see P5+1-Iran Agreement First Week in July: Fesharaki

Expect to see P5+1-Iran Agreement First Week in July: Fesharaki

New Iranian Oil Volumes Could Hit the Market as Early as Oct. 2015

Chairman of global oil and gas consultancy FGE, Dr. Fereidun Fesharaki, in a conference call organized by Credit Suisse, said he believes that the basics of …

ConocoPhillips Pulls Out of Shale Development in Poland

ConocoPhillips Pulls Out of Shale Development in Poland

Calling it quits in Poland

ConocoPhillips (ticker: COP) has joined the ranks of oil majors saying “no more” to shale gas development in Poland. Tim Wallace, ConocoPhillips country manager in Poland, said the company would not continue shale gas development …

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
Worldwide Rig Count Decreases Year-Over-Year; International Rig Count Increasing

Worldwide Rig Count Decreases Year-Over-Year; International Rig Count Increasing

Baker Hughes released their worldwide rig count report July 9, 2013, revealing the world rig count during June 2013 was down 5.9% to 3,277 rigs from a June 2012 levels of 3,484.

Additionally, U.S. rig count during June 2013 dropped …

July 11, 2013 - 9:33 am Oil and Gas 360 Articles
Quicksilver Announces Sale to Tokyo Gas of 25% Interest in Barnett Shale Assets

Quicksilver Announces Sale to Tokyo Gas of 25% Interest in Barnett Shale Assets

FORT WORTH, Texas, March 29, 2013 (GLOBE NEWSWIRE) — Quicksilver Resources Inc. (KWK) announced today that it has executed an agreement to sell an undivided 25% interest in its Barnett Shale oil and gas assets for US$485 million to TG …

March 29, 2013 - 6:19 am Oil and Gas 360 Articles, Regulatory

EnerCom's The Oil & Gas Conference® 18 Promotional Video

 

Over 100 presenting companies with operations spanning 40 countries.

More than 2,000 investment professionals in attendance.

Big Names. Big Conference. Get in Here!

EnerCom has set the dates for The Oil & Gas Conference® 18 (www.theoilandgasconference.com). This Conference will …

March 14, 2013 - 9:19 pm Oil and Gas 360 Articles
ERHC Energy Inc. Raising Funds to Accelerate East Africa Exploration

ERHC Energy Inc. Raising Funds to Accelerate East Africa Exploration

ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last year, ERHC has acquired additional exploration blocks in Chad and Kenya to complement its existing offshore blocks in …

December 17, 2012 - 8:10 pm Oil and Gas 360 Articles

It’s a Big Gas World!

NATURAL GAS INVENTORY (Week Ended 10/5/12)

Current: 3,725 Bcf
Actual Injection/(Withdrawal): 72 Bcf
Economist Average Estimate: 79 Bcf
Previous: 3,653 Bcf

Click here for the chart with five year averages.

NATURAL GAS IN THE MEDIA

*Houston firm drilling exploratory well

REPOST: Beyond Wall St., Curbs on High-Speed Trades Proceed

New York Times – After years of emulating the flashy United States stock markets, countries around the globe are now using America as a model for what they don’t want to look like.

Industry leaders and regulators in several countries …

October 2, 2012 - 4:29 pm Oil and Gas 360 Articles, Regulatory

Brent and WTI – Which Way are They Headed?

Every Wednesday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: Brent and WTI – Which Way are They Headed?

CRUDE OIL INVENTORY/’000 bbls (Week

September 26, 2012 - 4:00 pm International, Midstream, Oil and Gas 360 Articles, OPEC, Regulatory

A View on Offshore Namibia Exploration

Paul Welch, Chief Executive Officer – Chariot Oil & Gas (OIGLF)



Paul has extensive oil and gas industry experience having worked for Shell International for 12 years, followed by a further eleven years with independent companies, most recently with Hunt …

September 14, 2012 - 3:40 pm Offshore, Oil and Gas 360 Articles

REPOST: Pipelines Bypassing Hormuz Route Open

CNBC – Saudi Arabia and the United Arab Emirates have opened new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close, in a move that will reduce Tehran’s power over oil markets.

The …

July 16, 2012 - 2:52 pm Midstream, Oil and Gas 360 Articles