Post Tagged with: "OAG 360"

Source: Houston Chronicle

Trump ready to end Chevron’s sanctions waiver in Venezuela

Houston Chronicle


The Trump administration is ready to unleash the full impact of sanctions on Chevron Corp.’s operations in Venezuela as the U.S. seeks to further squeeze the Maduro regime.

While no decision has been made, it’s increasingly unlikely that …

February 28, 2020 - 11:30 am Closing Bell Story‎, Crude Oil News, Energy News, People
Source: CNBC

Chevron posts $6.6 billion loss in the fourth quarter

CNBC


Chevron on Friday posted a $6.6 billion loss in the fourth quarter due to $10.4 billion worth of write-offs related to shale gas production in Appalachia and deep-water projects in the Gulf of Mexico. In December, the company warned

Source: murphyoilcorp.com

Murphy Oil Corporation announces fourth quarter and full year 2019 results, 2020 guidance

Oil and Gas 360


EL DORADO, Ark.

Achieved 172% Organic Reserve Replacement

Signed Memorandum of Understanding for King’s Quay Floating Production System

Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the fourth quarter ended December

Source: valero.com

Valero refineries to run up to 91% of combined capacity in first quarter 2020: company

Reuters


HOUSTON – Independent U.S. refiner Valero Energy Corp plans for its 15 refineries to operate up to 91% of their combined capacity of 3.13 million barrels per day (bpd), said Homer Bhullar, vice president of investor relations, in a …

Source: Houston Chronicle

Some LNG-powered ships are leaking powerful greenhouse gas

Houston Chronicle


One of the shipping industry’s great hopes for improving its environmental performance — engines powered by liquefied natural gas — won’t offer the benefits that many vessel owners are hoping for.

That’s the conclusion of a nonprofit that …

January 28, 2020 - 12:30 pm Closing Bell Story‎, Energy News, Marine Shipping
Source: Reuters

Venezuela’s PDVSA, in default, says total debt remained unchanged in 2019

Reuters


CARACAS – Venezuela’s state-run oil company PDVSA said its financial debt fell less than 0.1% in 2019 from the prior year to some $34.5 billion, though it remained in default on its bonds as sanctions freeze it out of …

Source: Reuters

Exclusive: Guyana opening search for oil firm to trade its crude – official

Reuters


GEORGETOWN – Guyana’s government next month plans to begin a search for an oil company or trading firm to market its share of the South American country’s crude, the director of the Department of Energy, Mark Bynoe, said in …

Source: Houston Chronicle

Parsley Energy following trend – cuts budget, hikes dividend

Houston Chronicle


Austin’s Parsley Energy is following a growing trend among oil and gas producers – cutting their capital budgets while hiking payouts to shareholders.

The moves are intended to instill conservative fiscal restraint while also wooing Wall Street investors …

Source: Houston Chronicle

Phillips 66 CEO Greg Garland takes reins of oil and gas trade group API

Houston Chronicle


The chief executive of Phillips 66 has been named chair of the American Petroleum Institute, the oil and gas sector’s top trade group said Wednesday.

Phillips 66 Chairman and CEO Greg Garland will serve two years as the …

January 23, 2020 - 3:00 pm Closing Bell Story‎, Crude Oil News, Energy News, People
Source: Houston Chronicle

Phillips 66 cancels large renewable diesel refinery project

Houston Chronicle


Phillips 66 said Tuesday it canceled plans to build the largest renewable diesel refinery along the West Coast, citing concerns with project costs and permitting problems.

The Houston-based refining company is withdrawing from its joint effort with the Iowa-based …

Source: CNBC

Bank of America CEO says clients want to invest in companies ‘doing right by society’

CNBC


Bank of America CEO Brian Moynihan says money will keeping flowing to environment, social and governance funds (ESG) as more investors send the message that they want to own companies with a mission that aligns profits with broader social

Source: Houston Chronicle

Houston-based McDermott confirms oilfield service company will file for bankruptcy

Houston Chronicle


McDermott International will file for Chapter 11 bankruptcy Tuesday, the struggling Houston oilfield service company confirmed.

In a statement released early Tuesday morning, McDermott said it would will file a prepackaged restructuring plan at the U.S. Bankruptcy Court …

Source: CNBC

OPEC oil production cuts likely to continue for the ‘whole of 2020’: Wood Mackenzie

CNBC


OPEC is likely to continue with its oil supply cuts for the rest of 2020, a research director said Monday.

“One thing which we are seeing in our numbers is that the market is still not ready to absorb

Source: Reuters

Oil steadies as Chinese economy offsets trade optimism

Reuters


NEW YORK – Oil prices steadied on Friday as sluggish economic growth in China, the world’s biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal.

Brent crude LCOc1 futures …

January 17, 2020 - 3:00 pm China, Closing Bell Story‎, Commodity Pricing, Energy News, Finance
Panhandle Oil and Gas Inc. announces appointment of Chad L. Stephens as Chief Executive Officer

Panhandle Oil and Gas Inc. announces appointment of Chad L. Stephens as Chief Executive Officer

Oil and Gas 360


OKLAHOMA CITYJan. 17, 2020 /PRNewswire/ — PANHANDLE OIL AND GAS INC. (NYSE: PHX) (the “Company” or “Panhandle”) announced that Chad L. Stephens was approved as Chief Executive Officer of Panhandle, effective Jan. 16, 2020

Source: Houston Chronicle

Trump cuts environmental review for infrastructure, pipelines

Houston Chronicle


WASHINGTON — Environmental reviews for new pipelines, highways and other infrastructure projects would be reduced under a proposal released by the Trump administration Thursday, including the end of a requirement that federal regulators consider the implications for climate …

January 10, 2020 - 2:30 pm Closing Bell Story‎, Energy News, Regulatory
Razor Energy Corp. confirms cash dividend for December 2019 payable January 31, 2020

Razor Energy Corp. confirms cash dividend for December 2019 payable January 31, 2020

Oil and Gas 360


CALGARY, Alberta, Jan. 09, 2020 (GLOBE NEWSWIRE) — Razor Energy Corp. (“Razor” or the “Company”) (TSXV: RZE) announces that the December 2019 monthly cash dividend will be $0.0125 per share which will be paid on January …

January 9, 2020 - 3:15 pm Canada, Closing Bell Story‎, Finance
Source: Reuters

Oil slips as focus shifts from Iran tensions to U.S. crude stocks

Reuters


LONDON – Oil prices retreated further on Thursday after sharp losses in the previous session, as the market shifted its focused towards rising U.S. crude stocks and away from fears of an imminent escalation of conflict between the United …

Source: CNBC

Oil prices will climb above $100 a barrel if Iran blocks the Strait of Hormuz, analysts predict

CNBC


Oil prices would skyrocket if Iran moved to completely cut off the Strait of Hormuz, energy analysts told CNBC on Wednesday.

Elevated geopolitical tensions have sparked fears of a widening conflict in the Middle East, with energy market participants …

Diamondback Energy, Inc. provides fourth quarter 2019 production update and schedules fourth quarter 2019 conference call for February 19, 2020

Diamondback Energy, Inc. provides fourth quarter 2019 production update and schedules fourth quarter 2019 conference call for February 19, 2020

Oil and Gas 360


MIDLAND, Texas, Jan. 07, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its average daily production for the fourth quarter of 2019 was 301.3 MBOE/d (195.0 MBO/d), an …

Source: Reuters

Oil tops $70 as Iran, Trump trade threats

Reuters


LONDON – Oil prices rose over 1% on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike

Brent crude futures LCOc1 …

Source: Houston Chronicle

Leaders from Israel, Cyprus, Greece sign EastMed gas pipe deal

Houston Chronicle


Cyprus President Nicos Anastasiades, Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu attended in Athens Thursday the signing ceremony for the accord to construct the Eastern Mediterranean natural gas pipeline.

The 1,900-kilometer (1,181 miles) link …

Source: CNBC

‘Big uncertainty’ over US oil output in 2020 will be critically important to oil prices, analysts say

CNBC


The question of how much crude U.S. producers may be able to add this year could be pivotal for oil prices in 2020, analysts told CNBC, while warning of the potential for “vicious corrections” in the coming months.

Speaking …

Source: Houston Chronicle

OPEC output falls as Gulf nations step up delivery of oil cuts

Houston Chronicle


OPEC’s output declined last month as several Persian Gulf producers stepped up their implementation of cutbacks aimed at balancing global oil markets.

Saudi Arabia, Iraq and the United Arab Emirates reduced production in December, the final month of …

Paramount Resources Ltd. announces renewal of normal course issuer bid

Paramount Resources Ltd. announces renewal of normal course issuer bid

Oil and Gas 360


CALGARYJan. 2, 2020 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX:POU) announces that its board of directors has approved the implementing of a normal course issuer bid (“NCIB”).  A Notice of Intention …

Source: Reuters

Oil steady as trade hopes, Mideast tensions support, dollar weighs

Reuters


NEW YORK – Oil prices were flat on Thursday, supported by signs of improving Washington-Beijing trade relations and rising tensions in the Middle East but pressured by a strong U.S. dollar.

Brent crude futures LCOc1 were unchanged at $66.00 …

Williams announces FERC filing for Transco rate case settlement

Williams announces FERC filing for Transco rate case settlement

Oil and Gas 360


Tulsa, Okla. – Williams (NYSE: WMB) announced today that it has filed a comprehensive Stipulation and Agreement (“Settlement”) with the Federal Energy Regulatory Commission (“FERC”), which would settle all aspects of the Transcontinental Gas Pipe Line …

Source: Houston Chronicle

Oxy shores up board with former Schlumberger CEO

Houston Chronicle


Occidental Petroleum added to its board of directors Thursday with the appointment of a former chief executive of Schlumberger as Oxy aims to instill more confidence with shareholders after risking its future to buy Anadarko Petroleum for $38 billion …

January 2, 2020 - 12:00 pm Closing Bell Story‎, Energy News, People
Source: Reuters

China issues first 2020 fuel export quotas, up 53% from year ago

Reuters


SINGAPORE – China has raised the volumes of its first batch of 2020 fuel export quotas by 53% from a year earlier to 27.99 million tonnes, according to a document from the Ministry of Commerce that was reviewed by …

Source: Houston Chronicle

Fuel prices rise for first time in two months

Houston Chronicle


Fuel prices rose last week for the first time in several weeks, but that doesn’t mean gasoline costs are back on the rise for long.

The cost of a gallon of regular unleaded jumped nearly 4 cents up to $2.19, while …

December 30, 2019 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News