Post Tagged with: "oil and gas"

Inside the Failed Plot to Overthrow Venezuelan President Nicolás Maduro

Inside the Failed Plot to Overthrow Venezuelan President Nicolás Maduro

From Bloomberg

The plot, code-named Operation Constitution, involved scores of captains, colonels, and generals from all four branches of Venezuela’s armed forces. The goal was straightforward and seismic—to capture President Nicolás Maduro and put him on trial. The plotters, wearing …

June 27, 2018 - 12:17 pm Closing Bell Story‎, Energy News, International
Wind is Getting Big, but How Big?

Wind is Getting Big, but How Big?

In Texas wind is big: it’s in the top two states for wind power plants

Electricity generation from wind in the United States has increased from about 6 billion kilowatthours (kWh) in 2000 to about 254 billion kWh in 2017, …

Global Gas Continues to Shape the Future of Big Oil

Global Gas Continues to Shape the Future of Big Oil

From Bloomberg

Big Oil’s fortunes are becoming tied more closely to natural gas than ever before.

Majors including Royal Dutch Shell Plc and BP Plc have boosted their proportion of gas output in recent years, helping them trim Exxon Mobil …

Present Day Middle Eastern Game of Thrones – Part Two

Present Day Middle Eastern Game of Thrones – Part Two

[EDITOR’S NOTE: this is the final installment of the OAG360 story in which Helen El Mallakh, director of the International Research Center for Energy and Economic Development (ICEED), discusses the changing political scene and the shifting geopolitical sands that are …

Netherland Sewell Taking Upstream Expertise to London June 26-27, Singapore July 10-11 and Mexico City Sept. 5-6

Netherland Sewell Taking Upstream Expertise to London June 26-27, Singapore July 10-11 and Mexico City Sept. 5-6

Strong interest in upstream sector 

Netherland Sewell & Associates (NSAI) is taking its popular Oil & Gas Property Evaluation Seminars on the road again this summer. The NSAI professionals will speak to the London financial and investment community on June …

OPEC and U.S. Shale Producers to Deepen Ties in Vienna

OPEC and U.S. Shale Producers to Deepen Ties in Vienna

From Reuters

Only a few years ago, shale CEOs and the Organization of the Petroleum Exporting Countries were in open conflict.

Now, they realize they’re in the same boat and need to row in tandem to keep global crude supply …

June 14, 2018 - 3:04 pm Closing Bell Story‎, Energy News, International, OPEC
Oil Production in the Permian Will Double From 2017-2023 – IHS

Oil Production in the Permian Will Double From 2017-2023 – IHS

EIA forecasts 11.8 MMBOPD for total U.S. oil production in 2019

A new IHS Markit outlook released today expects the Permian Basin’s crude oil production to more than double its 2017 record of 2.5 MMb/d to 5.4 MMb/d by 2023.…

Exxon Looks to Dive Into Energy Trading

Exxon Looks to Dive Into Energy Trading

From Reuters

Exxon Mobil Corp (XOM.N) is pushing deeper into energy trading, building a global cadre of experienced traders and beefing up risk-management systems to lift profit, according to executive recruiters and people familiar with the business.

The development is …

June 12, 2018 - 8:16 pm Closing Bell Story‎, Energy News, Finance
Northern Oil and Gas Reduces $20 Million of Debt

Northern Oil and Gas Reduces $20 Million of Debt

From Business Wire

Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that it has entered into two independent, separately negotiated exchange agreements with institutional holders (the “Investors”) of its 8% senior unsecured notes due 2020 (the “Notes”). Together …

June 12, 2018 - 2:56 pm Closing Bell Story‎, Energy News, Finance
Spare Capacity Buffer Could Disappear with End of Cuts

Spare Capacity Buffer Could Disappear with End of Cuts

From Reuters

The oil industry will face the biggest squeeze on its spare production capacity in more than three decades if OPEC and its allies agree next week to hike crude output, leaving the world more at risk of a …

Samson Resources II Expands in Sweetwater

Samson Resources II Expands in Sweetwater

Privately held Samson Resources has acquired approximately 33,000 gross acres / 10,500 net acres plus working interests in 30 wells (29 operated by Samson) in the company’s core operating area of Sweetwater County, Wyoming. Samson acquired the acreage and wells …

June 11, 2018 - 1:59 pm Closing Bell Story‎, Oil and Gas 360 Articles
Glut of Unemployed Petroleum Engineers, Geologists Shrinks by 12.5% – Report

Glut of Unemployed Petroleum Engineers, Geologists Shrinks by 12.5% – Report

Oil hiring swells in Texas, U.S. oilpatch

Oil prices reached their highest point since December 2014 and companies in the oil and gas industry are hiring accordingly as activity in the industry picks up.

LinkedIn’s workforce report for June details …

Northern Oil and Gas Appoints New Board Member

Northern Oil and Gas Appoints New Board Member

From Business NewsWire

Northern Oil and Gas, Inc. (NYSE American: NOG) today announced that Roy “Ernie” Easley, Senior Vice President – Exploration and Development of CH4 Energy, has been appointed to Northern’s board of directors.

“The entire board joins me …

June 6, 2018 - 12:41 pm Closing Bell Story‎, Energy News
Oil States Adds Former Concho COO to Board of Directors

Oil States Adds Former Concho COO to Board of Directors

From Globe NewsWire

Oil States International, Inc. (NYSE:OIS) announced today that its Board of Directors elected Joe Wright as a member of its Board of Directors. Mr. Wright fills a vacancy created earlier this year and will serve as a …

June 5, 2018 - 12:24 pm Closing Bell Story‎, Energy News
Osprey Energy and Blackstone Create $894-Million Eagle Ford Venture

Osprey Energy and Blackstone Create $894-Million Eagle Ford Venture

Osprey Energy Acquisition Corp. announced today that it has reached a definitive agreement to acquire assets held by Royal Resources, a Blackstone owned entity, in exchange for $400 million cash and an ownership stake representing 47% of the outstanding common …

FloTek Adds to Board of Directors

FloTek Adds to Board of Directors

From PR NewsWire

Flotek Industries, Inc. (NYSE: FTK) welcomes David Nierenberg to its board of directors. A graduate of Yale College and Yale Law School, Nierenberg is a lawyer, strategic management consultant, corporate director, investor, venture capitalist and philanthropist.

He …

June 4, 2018 - 1:35 pm Closing Bell Story‎, Energy News
Source: WPX

Unemployment Rate Reaches 18-year Low

Oil & Gas industry gains 8,000 jobs in May

The U.S unemployment rate has now dropped to 3.8%. Unemployment rates have not been this low since 2000, and the trajectory is down from double digit unemployment in 2009-2010 in the …

June 1, 2018 - 5:53 pm Closing Bell Story‎, Oil and Gas 360 Articles
Energy Transfer’s Rover Pipeline Receives FERC Approval

Energy Transfer’s Rover Pipeline Receives FERC Approval

From Energy Transfer

Energy Transfer Partners, L.P. (NYSE: ETP) announced today that Rover Pipeline, LLC received approval from the Federal Energy Regulatory Commission (FERC) to commence service of the Supply Connector B and full Mainline B pipeline segments. This latest …

June 1, 2018 - 5:02 pm Closing Bell Story‎, Energy News
API Says Steel Tariffs Will Hurt Oil, Gas, NGLs

API Says Steel Tariffs Will Hurt Oil, Gas, NGLs

Jack Gerard, president and chief executive officer of the American Petroleum Institute, issued a statement on behalf of its oil and gas industry members speaking against the decision by the White House to activate steel tariffs on Canada, Mexico and …

June 1, 2018 - 2:34 pm Closing Bell Story‎, Oil and Gas 360 Articles
Private Equity: Delivering Capital Upstream

Private Equity: Delivering Capital Upstream

In the context of the total business sector, the global private equity industry raised a record $453 billion from investors in 2017, leaving it with more than $1 trillion to pour into companies and new business ventures, Reuters reported at …

Source: USGS

Oil Company Plans to Drill on Same Pad, but Farther from Homes

Unable to get a waiver from homeowner whose rental property is less than 500 feet from well site

From the Grand Junction Sentinel

Denver-based Ursa Resources is planning to move equipment to the far edge of a proposed oil and …

April 10, 2018 - 1:48 pm Closing Bell Story‎, Energy News, Regulatory
Heard at EnerCom Dallas 2018        

Heard at EnerCom Dallas 2018        

2018 – positive sentiment from the industry and economists

There were 31 presentations during the two days of the EnerCom Dallas oil and gas investment conference last week and the overall vibe at the conference was highly positive for 2018 …

EnerCom Updates EnerCom Dallas Oil & Gas Conference Presenters, Speakers

EnerCom Updates EnerCom Dallas Oil & Gas Conference Presenters, Speakers

Experts from the Department of Energy, Dallas Federal Reserve Bank, Canadian Consul will speak at EnerCom Dallas Feb. 21-22, 2018

Presenting companies, experts will discuss plans, expectations for 2018

Executives from approximately 40 public and private energy companies and related …

January 26, 2018 - 2:45 pm Closing Bell Story‎, EnerCom Dallas 2018
Unit Corp. Reports Profitable Quarter, Sequential Production Increase in Q3

Unit Corp. Reports Profitable Quarter, Sequential Production Increase in Q3

Borrowing base stays at $475 million

Unit Corporation (NYSE: UNT) reported Q3 today; highlights include:

  • Net income of $3.7 million and adjusted net income of $5.3 million.
  • Oil and natural gas segment production increased 5% over the second quarter of
Completions Remain Below 2014 Levels, Despite D&C Improvements: Seaport Global

Completions Remain Below 2014 Levels, Despite D&C Improvements: Seaport Global

A report by Seaport Global indicated that, since monthly numbers for drilled and completed wells bottomed out in mid-2016, the number of wells drilled and completed has made a significant comeback but have not come close to pre-crash levels in …

Tellurian is sharply cutting the equity buy-in for potential partners in a bid to make its business model to finance construction of its proposed Driftwood LNG export terminal more attractive.

New Jobs in Energy: Technology, Innovation and Big Data

The changing face of energy: new jobs in the broad energy sector

Powering the industrial base, fueling all modes of transportation including the nation’s food distribution system, and setting the table for national economic growth—filling jobs in the energy industry …

Image: Oil & Gas 360

The World’s Coming Mega-Population Centers and the Energy They Will Need

Decline curves + global population growth: energy demand will outpace supply through 2040 (and beyond)

So far in 2017 a number of global energy experts and commodities watchers have looked beyond the current reporting period and they see a growing …

TransCanada to Move More Western Canadian Natural Gas to Eastern Markets

TransCanada to Move More Western Canadian Natural Gas to Eastern Markets

Successful Canadian Mainline open season for TransCanada

TransCanada Corporation (ticker: TRP) said the successful conclusion of its long-term, fixed-price Open Season to transport natural gas on the Canadian Mainline from the Empress receipt point in Alberta to the Dawn hub …

EnerCom Dallas: a Very Positive Mood and a Full House

EnerCom Dallas: a Very Positive Mood and a Full House

Moving from Defense to Offense: industry learned how to work effectively, how to innovate during the downturn, now let’s produce

The presentation room at the Tower Club for EnerCom Dallas was overflowing Wednesday morning by the time WPX Energy (ticker: …

Oklahoma’s Osage Nation wants Oil & Gas Development to Hit the Accelerator—Now

Oklahoma’s Osage Nation wants Oil & Gas Development to Hit the Accelerator—Now

Osage Nation’s desire to continue its legacy of oil wealth is being stymied by the U.S. government; tribe wants oil companies to explore new plays, generate new oil production

Oklahoma’s Osage Nation wants Oil & Gas Development to Hit the Accelerator—NowSeizing upon economic growth opportunities associated with their tribal lands has …