Post Tagged with: "OAG360"

EnerCom’s The Oil & Gas Conference registration is open

EnerCom’s The Oil & Gas Conference registration is open

Oil and Gas 360


Publisher’s Note: REGISTER NOW! Please join us this August 17-19, 2020 on our 25th Anniversary of The Oil & Gas Conference

Unprecedented times call for unprecedented solutions, this year’s conference will be the first hybrid …

July 10, 2020 - 3:30 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC, TOGC25
Source: CNBC

Market heads into worst earnings season in 12 years amid worries virus is slowing recovery

CNBC


The worst earnings season in years is about to begin, and it’s possible the stock market could shrug off the sharp profit decline, as long as companies see some signs of a recovery ahead.

Earnings are expected to fall …

U.S. rig count decreased by 5 this week, at 258

U.S. rig count decreased by 5 this week, at 258

Oil and Gas 360


This week’s Baker Hughes rig count shows that U.S. had a decrease of 5 over last week, resulting in a total count of 258 rigs. Canada had an increase of 8 over last week, resulting in …

Source: Fox Business

Stocks battle higher as coronavirus treatment shows promise

FOX Business


U.S. equity markets rallied Friday after a study found an experimental treatment reduced death in COVID-19 patients.

 

The Dow Jones Industrial Average rose as many as 201 points, or 0.78 percent, while the S&P 500 added 0.38 …

July 10, 2020 - 1:00 pm Capital Markets, Commodity Pricing, Finance
Source: Reuters

Libya lifts exports force majeure but says output recovery to be slow

Reuters


TUNIS/LONDON  – Libya’s National Oil Corporation (NOC) lifted force majeure on all oil exports on Friday as a Vitol tanker loaded at Es Sider after a half-year blockade by eastern forces, but said technical problems caused by the shutdown …

Source: Reuters

Oil steadies on resurgence of virus cases

Reuters


LONDON  – Oil prices steadied on Friday but were still set for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand.

Brent crude …

Source: Reuters

IEA raises 2020 oil demand forecast but warns COVID-19 clouds outlook

Reuters


LONDON – The International Energy Agency (IEA) bumped up its 2020 oil demand forecast on Friday but warned that the spread of COVID-19 posed a risk to the outlook.

The Paris-based IEA raised its forecast to 92.1 million barrels …

Source: Reuters

‘Disaster’ U.S. earnings loom, but investors try and look beyond

Reuters


NEW YORK – U.S. companies are preparing to open their books on a quarter that is set to show the biggest earnings fall since the financial crisis, leaving investors looking for light at the end of the tunnel.

The …

July 9, 2020 - 2:00 pm Closing Bell Story‎, Earnings, Economy, Finance
Source: Reuters

Rooftop revolution: Coronavirus chill upends solar power industry

Reuters


LOS ANGELES/MADRID/LONDON – The booming rooftop solar panel industry nosedived overnight when the coronavirus forced homeowners to rein in spending and keep their distance from would-be installers.

Now, in their struggle to survive, companies on both sides of the …

Source: Forbes

PA’s gas producers become a political football in new AG report

Forbes


The oil and gas industry has always been an easy target for ambitious politicians. Jimmy Carter based much of his 1976 presidential campaign on using the industry as a boogeyman, blaming it for embargoes and price shocks that it …

Source: Reuters

U.N. chief urges end to coal financing to spur clean energy shift

Reuters


LONDON – United Nations Secretary-General Antonio Guterres urged countries on Thursday to stop financing coal and pledge not to build new coal-fired power plants to enable a shift to clean energy.

He spoke at a virtual clean energy transition …

July 9, 2020 - 11:00 am China, Climate Change, Coal News, Energy News
Source: Reuters

Energy industry veterans to launch hydrogen investment fund

Reuters


LONDON  – Two energy industry veterans plan to launch an investment fund focused on hydrogen this year as more and more governments include the niche fuel in their global warming battle plans.

Hydrogen has long-been touted as a potential …

Weekly Gas Storage: Inventories increase by 56 Bcf

Weekly Gas Storage: Inventories increase by 56 Bcf

Natural Gas Inventories as of July 3, 2020

The EIA has released its natural gas inventory report, showing a net increase of 56 Bcf as of July 3, 2020.

Working gas in storage was 3,133 Bcf as of Friday, July …

EnerCom’s The Oil & Gas Conference registration is open

EnerCom’s The Oil & Gas Conference registration is open

Oil and Gas 360


Publisher’s Note: REGISTER NOW! Please register to join us this August 17-19, 2020 on our 25th Anniversary of The Oil & Gas Conference

Unprecedented times call for unprecedented solutions, this year’s conference will be the …

July 8, 2020 - 3:45 pm Closing Bell Story‎, Crude Oil News, Energy News, TOGC25
EIA forecasts global stock draws through 2021

EIA forecasts global stock draws through 2021

EIA


The disruptions to global petroleum supply and consumption as a result of the 2019 novel coronavirus disease (COVID-19) and associated mitigation efforts have been significant. As road and air travel fell sharply when economies around the world went into …

Source: CNBC

Dividend payments plunge by $42.5 billion in worst quarter for income investors since financial crisis

CNBC


Companies struggling to get through the coronavirus slashed the amount of money they returned to shareholders through dividends in the second quarter.

The net change in Q2 payouts, or the difference between increases and decreases, for all domestic common …

July 8, 2020 - 2:30 pm Capital Markets, Earnings, Finance
Source: CNBC

Goldman warns delayed election results this November similar to Bush-Gore could rock the market

CNBC


Goldman Sachs is warning that the presidential election could see delayed results, and is therefore recommending that clients hedge their market bets through December in anticipation of heightened volatility through November.

Goldman Sachs chief U.S. equity strategist David Kostin …

July 8, 2020 - 1:30 pm Capital Markets, Closing Bell Story‎, Finance
Source: Reuters

Russia’s Nornickel disputes $2 billion Arctic spill damages claim

Reuters


MOSCOW – Russian mining giant Norilsk Nickel (Nornickel) is disputing more than $2 billion in damages after a fuel spill which Russia’s environmental watchdog has said threatens unprecedented damage to the Arctic.

Watchdog Rosprirodnadzor sent a request for “voluntary …

July 8, 2020 - 12:30 pm Closing Bell Story‎, Crude Oil News, Energy News
Source: Forbes

Cheap Energy Was A Surprise Benefit Of QE, But That May Be Ending

Forbes


Quantitative easing (QE) was a response to the financial crisis. Under this policy the central bank buys government assets, and increasingly any assets, to support the economy. Previously in order to source funding, a government could sell bonds to …

Source: Reuters

China hires Morgan Stanley, Goldman Sachs to advise on pipeline asset transfers: sources

Reuters


HONG KONG/BEIJING – Top Chinese energy firms have mandated investment banks Morgan Stanley and Goldman Sachs to act as advisers for multi-billion dollar deals transferring oil and gas pipeline assets into a national energy infrastructure giant, four sources said.…

July 8, 2020 - 10:30 am China, Closing Bell Story‎, Crude Oil News, Energy News
Source: Reuters

End of an era? Series of U.S. setbacks bodes ill for big oil, gas pipeline projects

Reuters


WASHINGTON/NEW YORK  – A rapid-fire succession of setbacks for big energy pipelines in the United States this week has revealed an uncomfortable truth for the oil and gas industry: environmental activists and landowners opposed to projects have become good …

360 Energy Expert Network Preview: George Friedman

360 Energy Expert Network Preview: George Friedman

Oil and Gas 360


Publisher’s Note: JOIN US on Wednesday, July 8, 2020 on The 360 Energy Expert Network  to watch our exclusive interview with George Friedman, Founder and Chairman of Geopolitical Futures about his most recent book “The Storm

Haynes and Boone Replay: Weekly Energy Tracker Call  07-07-2020

Haynes and Boone Replay: Weekly Energy Tracker Call 07-07-2020

Oil and Gas 360


Weekly Energy Tracker Call (07/07/20)

Haynes and Boone, AEGIS and EnerCom welcome you to a weekly series of webex meetings to discuss business and legal issues erupting in the oil and gas world.

Replay: Weekly

Source: Reuters

Exclusive: Russia’s Rosneft to buy a drilling business from IDS: letter

Reuters


MOSCOW – Rosneft is set to buy a drilling business from IDS Group, a letter to IDS staff seen by Reuters showed, as the Russian oil giant continues its push into oilfield services to help reduce costs.

The letter …

Source: Reuters

Iran’s oil storage almost full as sanctions and pandemic weigh

Reuters


LONDON – Iran has slashed crude oil production to its lowest level in four decades as storage tanks and vessels are almost completely full due to a fall in exports and refinery run cuts caused by the coronavirus pandemic, …

Source: Reuters

Write-downs put spotlight on energy majors’ scattered oil price outlooks

Reuters


LONDON – A series of huge write-downs among energy majors triggered by lower assumptions for future oil prices has put a spotlight on the sector’s scattered price outlooks.

On Monday, Eni announced a 3.5 billion euro ($3.95 billion) impairment …

U.S. natgas output drops by record amount after West Virginia pipe shuts

U.S. natgas output drops by record amount after West Virginia pipe shuts

Reuters


U.S. natural gas production was on track to drop by a record amount on Tuesday to its lowest since September 2018 due in part to unplanned work on TC Energy Corp’s Mountaineer Xpress pipeline in West Virginia, according to …

July 7, 2020 - 10:30 am Closing Bell Story‎, Energy News, Natural Gas News
360 Energy Expert Network Preview: Allen Gillmer

360 Energy Expert Network Preview: Allen Gillmer

Oil and Gas 360


Publisher’s Note: JOIN US on Tuesday, July 7, 2020 on The 360 Energy Expert Network  to watch our exclusive interview with Allen Gillmer, Founder and Board Member of ENVERUS.

 

 

360 Energ360 Energy Expert Network Preview: Allen Gillmer- oil and gas 360

 

360 Energy Expert Network Preview: Allen Gillmer- oil and gas 360

About Enverus:

In

Source: Reuters

Oil producers will fight for market share as consumption growth slows: Kemp

Reuters


LONDON  – Petroleum consumption growth has been slowing for decades and the industry shows increasing signs of maturity, which will have profound implications for the business strategies of oil-producing companies and countries.

 

Slower growth will intensify intra-company and …

Source: CNBC

Court orders Dakota crude pipeline shutdown, in win for Native American tribes in long-running saga

CNBC


A district court ruled Monday the Dakota Access Pipeline must shut down within 30 days, by August 5, according to a copy of the brief obtained by USA Today.

The U.S. District Court for the District of Columbia scrapped …