Post Tagged with: "OAG 360"

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
Source: Reuters

Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia

Reuters


NEW YORK/SINGAPORE – Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, sanctions that crippled crude exports of …

Source: Reuters

U.S. energy shareholders seek to leave behind a lost decade

Reuters


NEW YORK – The 2010s was a lost decade for shares of U.S. energy companies overall. Volatile commodity prices amid growing supply, poor financial performance and disfavor from some investor groups all contributed to the energy sector’s transformation from …

December 27, 2019 - 2:00 pm Capital Markets, Closing Bell Story‎, Energy News
Source: CNBC

Shell share price dips after warning Q4 income will be hit by impairment charges

CNBC


Shares of Royal Dutch Shell dipped 0.7% in trade Friday after the firm announced that it will book additional charges against its income in the fourth quarter.

 

The Anglo-Dutch energy giant said it expects to log a fourth-quarter …

December 20, 2019 - 12:00 pm Closing Bell Story‎, Crude Oil News, Energy News, International
Source: Reuters

Callon shareholders approve $750 million deal for shale rival Carrizo

Reuters


U.S. shale producer Callon Petroleum Co on Friday won shareholders’ approval to acquire rival Carrizo Oil & Gas Inc with a reduced stock offer, a month after it won the support of a major dissenting stockholder.

The deal was …

Source: Houston Chronicle

Denver company tests evaporation as solution for oil field wastewater

Houston Chronicle


Denver oil field wastewater company Gradient Energy Services is testing equipment that uses evaporation to reduce the amount of water that needs to be injected in disposal sites deep underground.

In a Tuesday evening statement, Gradient Energy Services …

December 18, 2019 - 3:00 pm Closing Bell Story‎, Energy News, Oilfield Services, Water
Source: Reuters

Oil steadies on U.S. crude inventories fall, demand hopes

Reuters:


NEW YORK (Reuters) – Oil prices steadied on Wednesday after U.S. government data showed a decline in crude inventories and on expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade …

Kinder Morgan closes $2.5 billion deal to exit Canada

Kinder Morgan closes $2.5 billion deal to exit Canada

Houston Chronicle


Houston pipeline operator Kinder Morgan has exited the Canadian market after closing a deal worth estimated to be more than $2.5 billion in cash and stock.

In a Monday afternoon statement, Kinder Morgan reported closing a deal to …

December 17, 2019 - 2:00 pm Canada, Closing Bell Story‎, Energy News
Source: Reuters

JP Morgan raises 2020 oil price view on OPEC+ cuts, improved economic outlook

Reuters


JP Morgan on Tuesday raised its oil price outlook and forecast supply-demand balance to tighten next year against the backdrop of the OPEC and its allies increasing output cuts and stronger economic growth in emerging markets.

The investment bank …

Source: Houston Chronicle

Basic Energy Services exits hyrdaulic fracturing business

Houston Chronicle


Fort Worth oilfield service company Basic Energy Services is exiting the hydraulic fracturing business amid the ongoing shale slump.

In a Thursday morning statement, the company reported that it is selling almost all of its assets in the …

December 13, 2019 - 2:00 pm Closing Bell Story‎, Energy News, Oil & Gas Jobs
SandRidge Energy announces a series of initiatives to improve shareholder value

SandRidge Energy announces a series of initiatives to improve shareholder value

Oil and Gas 360


OKLAHOMA CITYDec. 13, 2019 – SandRidge Energy, Inc. (“SandRidge” or the “Company”) (NYSE: SD) today announced it has initiated a series of actions designed to improve shareholder value:

 

SandRidge Energy announces a series of initiatives to improve shareholder value- oil and gas 360

-Evaluation of minimal 2020 capex

Source: Houston Chronicle

Oil rebounds though outlook remains clouded by oversupply

Houston Chronicle


Oil rebounded from the previous session’s loss, though the outlook remained clouded by rising U.S. stockpiles and concern that OPEC and its allies aren’t taking enough action to balance the market.

Futures added 0.6% to trade near $59 …

Source: Reuters

New U.S. energy secretary slams NY for blocking gas pipelines

Reuters


WASHINGTON – New U.S. Energy Secretary Dan Brouillette slammed New York state regulators on Thursday for blocking pipelines that would bring natural gas from Appalachia to New England, but did not specify whether the Trump administration could do anything …

Source: Houston Chronicle

Permian drilling must pick up just to maintain current production: Report

Houston Chronicle


Drilling activity in the booming Permian Basin must accelerate just in order to maintain current production volumes, according to a new report from the research firm IHS Markit.

The Permian’s oil output has risen rapidly in recent years …

December 12, 2019 - 1:00 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

Chevron charge points to billions more in gas writedowns: analysts

Reuters


Oil and gas producers could wipe billions of dollars more off the value of U.S. natural gas assets in the months ahead, analysts said on Wednesday, after Chevron Corp became the fourth oil major to slash its estimates for …

Source: Reuters

Western Canada oil stocks swell to record high due to Keystone outage, rail strike

Reuters


WINNIPEG, Manitoba – Western Canadian oil stocks climbed to a record high 39 million barrels as of Nov. 29 due to a temporary outage of the Keystone oil pipeline and a strike by Canadian National Railway Co workers, data …

Source: Reuters

BP increases stake in solar energy firm Lightsource BP

Reuters


LONDON – BP (BP.L) is increasing its stake in solar energy developer Lightsource BP to 50% from 43% and is aiming for rapid growth over the next few years, the two companies said on Thursday.

European oil …

Source: Reuters

Gulf state investors step in to help Aramco hit IPO target: sources

Reuters


DUBAI/ABU DHABI – Saudi Arabia’s wealthy Gulf neighbors plan to invest in the initial public offering (IPO) of Saudi Aramco, sources familiar with the matter said, helping out Riyadh as it strives to raise $25.6 billion from a domestic …

November 27, 2019 - 2:00 pm Closing Bell Story‎, Energy News, Finance, International
Source: Reuters

Three injured in Texas petrochemical plant blast

Reuters


HOUSTON – Three workers were injured in an early morning explosion on Wednesday that sparked a blaze at a Texas petrochemical plant, the latest in a series of chemical plant accidents in the region.

An initial explosion at a …

November 27, 2019 - 2:00 pm Closing Bell Story‎, Energy News
Source: Houston Chronicle

Another record year expected for Gulf of Mexico oil production

Houston Chronicle


The U.S. Gulf of Mexico is expected to set another oil production record in 2020 with most of the growth coming from deep water projects, according to a new study.

Average production next year is expected to exceed …

Source: nasdaq.com

U.S. oil producers to slash spending for second straight year in 2020

Reuters


U.S. energy producers plan to slash spending for a second straight year in 2020 as companies struggle to extract profits from the U.S. shale boom.

While U.S. crude output hit a record 13 million barrels per day (bpd) this …