United States Archives - Page 76 of 78 -

Energy Providers to Combine in US$5.3 Billion Cross-Border Cash Deal

July 19, 2017

Hydro One to acquire Avista in Canada-U.S. energy transmission combo Ontario’s largest electricity transmission and distribution provider, Hydro One Limited (TSX:H) and Northwest U.S. energy provider Avista Corporation (NYSE:AVA) announced a definitive merger agreement under which Hydro One will acquire Avista for C$67 (US$53) per share in a C$6.7 billion (US$5.3 billion) all-cash transaction. Avista shareholders receive US$53 in

U.S. Adds 12 Rigs this Week

July 7, 2017

Permian drops one The total number of rigs operating in the U.S. grew by 12 this week, according to the Baker Hughes weekly rig count. There are currently 952 rigs currently operating in the U.S., 931 of which are land-based and the remaining 21 offshore. The onshore rig count was responsible for the addition of all 12 new rigs. Four

EnerCom Conference The Oil & Gas Conference

Revision of NAFTA Could Have Big Impact on Energy Industry

June 9, 2017

Senate weighs in On June 8th, 2017, a bipartisan team of United States Senators Cornyn, Cruz, Hoeven, Moran, Heitkamp, Daines, Inhofe, and Murkowski sent a letter to the United States Trade Representative, Robert Lighthizer, urging him to consider how a revision of the North American Free Trade Agreement (NAFTA) might impact United States energy interests. The letter stressed the interdependence

Analysts have been publicly claiming that a drop in the value of the U.S. dollar is coming. Of course, this has implications for oil - Oil & Gas 360

The New Normal: U.S. Oil Company Executives Determine Global Supply

August 12, 2016

With OPEC out, is this what the new normal looks like for the oil and gas industry? Wednesday’s 1.1 million-barrel build in U.S. crude oil inventories drove West Texas Intermediate crude prices down by roughly a buck. A couple days before, rumors of OPEC having a special meeting to look at possible price support sent markets up a buck and

U.S. Remains World’s Top Hydrocarbon Producer in 2015

May 24, 2016

Total U.S. hydrocarbon production continued to grow even as prices remained low The United States remained the largest hydrocarbon producer in the world for the third consecutive year in 2015. Despite low crude oil prices, and a 60% drop in the number of operating oil and natural gas rigs, U.S. petroleum and natural gas hydrocarbon production increased roughly 2.0 MMBOEPD

U.S. Liquid Fuel Production Increases 6th Consecutive Year

April 19, 2016

Total 2015 U.S. energy production was 89 quadrillion BTUs, 91% of consumption The United States total energy production saw an increase for the sixth consecutive year. Data collected from EIA’s Monthly Energy Review stated that energy production in the U.S. totaled 89 quadrillion British Thermal Units. The total amount of energy produced in the U.S. in 2015 corresponded to roughly

Russian Pipeline Major TMK Swings Away from the U.S. Toward Opportunity in Iran

February 10, 2016

Shifting sanctions force Russia’s TMK into different markets; company plans U.S. layoffs TMK Group, a major supplier of oil and gas pipeline around the world, is looking eagerly toward increased business in Iran as sanctions against the country are removed following the implementation of the Iran Nuclear Deal. The company believes about 20% of global oil brought to the surface

KLR Group Sees Markets Rebalancing in 2017

January 27, 2016

OPEC production expected to stabilize A recent analyst note from KLR Group indicated that oil and gas markets could balance in 2017 as OPEC production begins to stabilize and U.S. production rolls off. Saudi Arabia’s oil production is expected to stay at about 10.4 MMBOPD, while Iran gradually ramps up production and Iraq’s output moderates. The crash in oil prices

$30 Oil Tests Stability Around the World

January 21, 2016

Producing Countries are Floundering, whileTwo Big Users Soar Crude oil is one of the most important commodities in the world, with many economies around the world depending on producing and selling oil for the bulk if not all of their national revenues. The precipitous drop in prices over the last 18 months has changed the playing field for oil and

Oil & Gas 360 - ConocoPhillips ups drilling program in Eagle Ford - Oil & Gas 360

OPEC a Year Later: Who Will Adapt and Survive?

November 23, 2015

A shot heard round the world Last November 27, OPEC sparked the decline in crude oil prices that would see both international benchmark Brent crude, and U.S. benchmark WTI crude, lose more than 50% of their value. The group decided to move away from its traditional role of maintaining a reasonable crude oil price in order to protect its market

Rocket Hits Site of Foreign Oil Firms Exxon, Shell, Eni in Iraq's Basra, Three Hurt

ISIS: a Criminal/Terrorist Enterprise with a Business Acumen that has No Historical Precedent

November 19, 2015

After Paris: U.S. and Russian air strikes target ISIS’s $50 million monthly oil revenues As the battle against ISIS continues, allied forces are increasingly targeting oil assets and the convoys of trucks being used to smuggle oil from ISIS-controlled oilfields. The idea is to cut off the major source of funding for the Islamic State’s barbaric terrorist activities. It is

global petroleum consultancy Netherland, Sewell & Associates (NSAI) hosts a series of oil and gas property evaluation seminars. Oil & Gas 360

The Next Decade’s Oil Demand Growth Story: U.S. and India Overtake China

November 16, 2015

The U.S. and India will drive oil demand growth in the future – Raymond James China’s economy has been a demand-growth powerhouse over the course of the last decade as the country’s industrial sector boomed, but China’s role in global demand growth will be on the decline moving forward, according to research from Raymond James. Stepping up to take China’s

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