Post Tagged with: "producers"

MEG Energy Clashes with Enbridge Over Sweeping Changes to Mainline Pipeline

MEG Energy Clashes with Enbridge Over Sweeping Changes to Mainline Pipeline

From The Calgary Herald


A war of words between oil companies and their main pipeline provider Enbridge Inc. is expected to break out amid sweeping changes to Canada’s biggest oil export pipeline network at a time of tight takeaway capacity.…

U.S. Oil Firms Challenge Pipeline Surcharge for Steel Tariff: Filing

U.S. Oil Firms Challenge Pipeline Surcharge for Steel Tariff: Filing

From Reuters


Two U.S. shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.

The United States imposed tariffs on imported …

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

Oil Steadies as Saudi, Kuwait Signals Offset Demand Fears

From Reuters


Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies ran into worries about sluggish growth in crude demand due to the U.S.-China trade war.

International benchmark Brent crude settled …

Marathon Oil Profit Jumps 50% on Higher U.S. Shale Production

Marathon Oil Profit Jumps 50% on Higher U.S. Shale Production

From Reuters


Marathon Oil Corp (MRO.N) reported a 50% jump in quarterly adjusted profit on Wednesday, as higher U.S. shale output countered lower realized crude prices and production costs fell.

The company, like many other U.S. oil producers, is extracting …

Marcellus Leaders are Presenting at EneCom’s The Oil & Gas Conference® 22 in Denver

Marcellus Leaders are Presenting at EneCom’s The Oil & Gas Conference® 22 in Denver

When Range Resources (ticker: RRC) completed the Renz #1 well in Pennsylvania, the Marcellus play was proven to be a viable resource play for natural gas. That was back in 2004.

Today many of the large U.S. independents operate in …