Post Tagged with: "oil and gas 360"

Source: Reuters

U.S. crude oil inventories increase by 0.8 million barrels

Weekly Crude Oil Storage as of December 6, 2019

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.8 million barrels from the previous week. At 447.9 million barrels, U.S. crude oil …

December 11, 2019 - 10:48 am Closing Bell Story‎, Crude Oil News, Crude Oil Storage
U.S. crude oil inventories decreased by 4.9 million barrels

U.S. crude oil inventories decreased by 4.9 million barrels

Weekly Crude Oil Storage as of November 29, 2019

U.S. crude oil inventories decreased by 4.9 million barrels- oil and gas 360

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 4.9 million barrels from the previous week. At 447.1 million barrels, U.S. crude oil inventories …

December 4, 2019 - 12:40 pm Closing Bell Story‎, Crude Oil News, Crude Oil Storage
Source: Reuters

U.S. crude oil inventories increase by 1.6 million barrels

Weekly Crude Oil Storage as of November 22, 2019

 

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.6 million barrels from the previous week. At 452.0 million barrels, U.S. crude oil …

November 27, 2019 - 10:00 am Closing Bell Story‎, Crude Oil News, Crude Oil Storage
U.S. crude oil inventories increase by 1.4 million barrels

U.S. crude oil inventories increase by 1.4 million barrels

Weekly Crude Oil Storage as of November 15, 2019

Crude Inventory build

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 1.4 million barrels from the previous week. At 450.4 million barrels, U.S. crude oil inventories …

November 20, 2019 - 3:25 pm Closing Bell Story‎, Crude Oil News, Crude Oil Storage
Source: EIA, EnerCom Analytics

Crude Inventory build of 2.2 million barrels

Weekly Crude Oil Storage as of November 8, 2019

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.2 million barrels from the previous week. At 449.0 million barrels, U.S. crude oil inventories …

November 14, 2019 - 10:35 am Closing Bell Story‎, Crude Oil News, Crude Oil Storage
U.S. crude oil inventories increase by 7.9 million barrels

U.S. crude oil inventories increase by 7.9 million barrels

Weekly Crude Oil Storage as of November 1, 2019

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 7.9 million barrels from the previous week. At 446.8 million barrels, U.S. crude oil inventories …

November 6, 2019 - 9:04 am Closing Bell Story‎, Crude Oil News, Crude Oil Storage
Crude Inventory build of 5.7 Million barrels

Crude Inventory build of 5.7 Million barrels

Weekly Crude Oil Storage as of October 25, 2019

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 5.7 million barrels from the previous week. At 438.9 million barrels, U.S. crude oil inventories …

October 30, 2019 - 9:34 am Closing Bell Story‎, Crude Oil News, Crude Oil Storage
Photo: Craig Hartley, Bloomberg News

Losses continue to mount for National Oilwell Varco in third quarter

Houston Chronicle


Losses continue to mount for Houston oil field service company National Oilwell Varco, which posted a nearly quarter billion dollar loss during the third quarter.

In a statement released after close of market on Monday, NOV reported a …

October 29, 2019 - 9:05 am Closing Bell Story‎, Earnings, Oilfield Services
FILE PHOTO: India's Prime Minister Narendra Modi speaks during the 2019 United Nations Climate Action Summit at U.N. headquarters in New York City, New York, U.S., September 23, 2019. REUTERS/Carlo Allegri

India’s Modi says Saudi to invest in India’s downstream oil, gas projects

Reuters


Prime Minister Narendra Modi said on Tuesday Saudi Arabia will invest in downstream oil and gas projects in India as part of a strategic partnership between the two countries, a move that would also help the world’s top oil …

October 29, 2019 - 8:35 am Closing Bell Story‎, Downstream, Energy News, International
Saudi Aramco to list shares on local exchange on Dec 11: report

Saudi Aramco to list shares on local exchange on Dec 11: report

S&P Global Platts


Saudi Aramco, the state-owned company seeking to sell up to a 5% stake in an IPO, will list its shares on the local Saudi exchange on December 11, with a final price for the flotation set to …

October 29, 2019 - 7:50 am Closing Bell Story‎, Energy News, Finance
Photo: Enterprise Products Partners

Enterprise Products Partners posts $1 billion profit but misses Wall Street expectations

Houston Chronicle


Houston pipeline operator Enterprise Products Partners reported a $1 billion profit during the third quarter but missed Wall Street revenue expectations amid weaker commodity prices for crude oil, natural gas and natural gas liquids such as ethane, propane …

Photo: Andrew Harnik, STF / Associated Press

World ‘awash’ in oil as Perry sees shale boom barreling ahead

Houston Chronicle


Global markets are “awash” in crude thanks to the surge in U.S. oil output, and the boom looks set to continue, U.S. Energy Secretary Rick Perry said in a Bloomberg TV interview.

U.S. shale production has turned the …

FILE PHOTO: A pump jack operates at a well site leased by Devon Energy Production Company near Guthrie, Oklahoma September 15, 2015. REUTERS/Nick Oxford

Small U.S. oil and gas companies get cold shoulder from large banks

Reuters


The largest banking lenders to the U.S. oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, …

October 28, 2019 - 8:10 am Borrowing Base, Closing Bell Story‎, Energy News, Finance
Photo: Melissa Phillip, Houston Chronicle / Staff Photographer

Sempra Energy, Mitsui enter deal for future expansions of two LNG export terminals

Houston Chronicle


San Diego utility company Sempra Energy and Japanese industrial conglomerate Mitsui & Co. have entered into a memorandum of understanding to expand a liquefied natural gas export terminal in Louisiana and another in Baja California.

The two companies …

October 28, 2019 - 7:45 am Closing Bell Story‎, Energy News, LNG
Kosmos Energy makes major gas discovery off Mauritania

Kosmos Energy makes major gas discovery off Mauritania

Potential to extract 50 trillion cubic feet of gas

Kosmos Energy (NYSE/LSE: KOS) announced today that the Orca-1 exploration well has made a major gas discovery offshore Mauritania in the BirAllah area. The results continue the 100 percent success rate …

Marine fuel floating storage builds in Asia ahead of new shipping rules

Marine fuel floating storage builds in Asia ahead of new shipping rules

Reuters


Stockpiles of low-sulphur marine fuels held in floating storage around the Singapore trading and pricing hub are steadily growing ahead of a 2020 global deadline for rules that have shaken the global oil refining and shipping industries.

A total …

FILE PHOTO: General view of the Walney Extension offshore wind farm operated by Orsted off the coast of Blackpool, Britain September 5, 2018. REUTERS/Phil Noble/File Photo

Reaping wind at sea could become $1 trillion industry: IEA

Reuters


Offshore wind could become a cornerstone of the world’s power supply as steep cost reductions and improved technology unleash the potential of the green energy source, said the International Energy Agency (IEA) on Friday.

Renewables replacing fossil fuel is …

October 25, 2019 - 8:59 am Closing Bell Story‎, Energy News, Renewable Energy
Drillers Cabin on a Patterson-UTI rig.our Rig 222. The Houston drilling rig operator retired 36 older rigs during the third quarter amid weaker demand from shale fields across the United States and Canada.

Shale Slump: Patterson-UTI pulls 36 rigs from service

Houston Chronicle


Houston drilling rig operator Patterson-UTI Energy is retiring 36 older rigs amid weaker demand from shale fields across the United States and Canada.

In a Thursday morning statement, the company reported a $262 million loss on $599 million …

October 25, 2019 - 8:30 am Closing Bell Story‎, Oilfield Services
‘Unleash American energy’: Trump

‘Unleash American energy’: Trump

Trump touts administration’s moves in Pittsburgh

‘Unleash American energy’: Trump - oil and gas 360

Speaking to a mixed crowd of natural gas industry representatives and rank-and-file western Pennsylvania supporters on Wednesday, President Donald Trump said he is bringing an end to “the war on American energy.”

He made …

Crude Inventory draw of 1.7 Million barrels

Crude Inventory draw of 1.7 Million barrels

Weekly Crude Oil Storage as of October 18, 2019

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.7 million barrels from the previous week. At 433.2 million barrels, U.S. crude oil inventories are at …

October 23, 2019 - 11:31 am Closing Bell Story‎, Crude Oil News, Crude Oil Storage
Photo: Gene J. Puskar, Associated Press

Landmark climate trial turns on whether Exxon cooked the books

Houston Chronicle:


 

Last month, millions of people around the globe gathered to protest what they consider a dangerous lack of vision among nations and industries when it comes to combating global warming, and the burning of fossil fuels …

Callon-Carrizo merger at risk ahead of Nov. 14 shareholder vote

Callon-Carrizo merger at risk ahead of Nov. 14 shareholder vote

Houston Chronicle:


Callon-Carrizo merger at risk ahead of Nov. 14 shareholder vote - oil and gas 360

The pending merger between Houston oil producers Callon Petroleum and Carrizo Oil & Gas could be on the brink of falling apart with ongoing investor opposition ahead of the Nov. 14 shareholder vote to approve the deal.…

Source: Reuters/Ivan Alvarado

Venezuelan Guaido’s team proposed 90-day truce to PDVSA bondholders: sources

Reuters:


Venezuela’s opposition last week sent holders of state oil company PDVSA’s 2020 bond a proposal to suspend legal actions for 90 days, the latest maneuver to avoid losing U.S. refiner Citgo, three sources familiar with the talks said.…

October 18, 2019 - 10:15 am Closing Bell Story‎, Energy News, International
Photo: Michael Wyke

Marathon Petroleum board, investors are said to discuss CEO

Source: Houston Chronicle


Marathon Petroleum Corp. board members are meeting this week with activist investors to discuss Chief Executive Officer Gary Heminger’s future and the company’s strategy amid calls to split up its businesses, according to people familiar with the …

October 18, 2019 - 8:59 am Closing Bell Story‎, Energy News, People
DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion

DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion

Source: Reuters


DTE Energy’s midstream business said on Friday it would buy a natural gas gathering system and pipeline in Louisiana’s Haynesville shale for $2.25 billion in cash.

DTE Energy to buy natural gas gathering system, pipeline for $2.25 billion - oil and gas 360

DTE Midstream will acquire the assets from Momentum Midstream and Indigo Natural …

October 18, 2019 - 8:15 am Closing Bell Story‎, Mergers & Acquisitions, Midstream
Equinor to build first offshore floating wind to power oil and gas operations

Equinor to build first offshore floating wind to power oil and gas operations

Source: Houston Chronicle


Equinor said Friday it will build the first-ever offshore floating wind development designed to power its oil and gas platforms off the coast of Norway.

The roughly $550 million Hywind Tampen project will be built about 85 …

October 11, 2019 - 9:15 am Closing Bell Story‎, International, Offshore
BP, Shell among bidders in $800 million Brazilian oil auction

BP, Shell among bidders in $800 million Brazilian oil auction

Source: Reuters


BP Plc, Chevron Corp and Royal Dutch Shell Plc are among the companies that will compete for exploration and production rights off the Brazilian coast on Thursday, in the first of three oil bidding rounds scheduled for coming …

October 10, 2019 - 10:45 am Closing Bell Story‎, Energy News, International
Photo: Cristian Zerpa, SUB

Oil and gas discoveries in Russia, Guyana and Cyprus lead top 2019 finds

Source: Houston Chronicle


Oil and gas discoveries offshore of Russia, Guyana and Cyprus have led the top new finds this year, keeping 2019 on track to match last year’s global discoveries.

However, much more oil and gas volumes are still …

October 10, 2019 - 9:50 am Closing Bell Story‎, Energy News
Pompeo: Iran lied to Britain, sold oil to Syria

Pompeo: Iran lied to Britain, sold oil to Syria

U.S. Secretary of State Mike Pompeo called on the European Union Wednesday to condemn Iran for delivering some 2.1 million barrels of crude oil to Syria after reassuring Britain it would not do so.

The Adrian Darya 1, formerly known …

October 10, 2019 - 9:17 am Closing Bell Story‎, International, Politics & Opinions
Independent again: Baker Hughes rolls out new look

Independent again: Baker Hughes rolls out new look

Source: Houston Chronicle


Baker Hughes rolled out its new look Tuesday to mark its independence after more than two years of majority ownership by the industrial conglomerate General Electric Co.

The Houston oilfield service company is dropping the GE logo …

October 8, 2019 - 1:15 pm Closing Bell Story‎, Oilfield Services