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U.S. oil rig count at Jan 2018 low in deepest cut since April: Baker Hughes

(Reuters) – U.S. energy firms this week cut the most oil rigs in about four months, with the rig count falling to the lowest since January 2018, as producers cut spending on new drilling and completions. Drillers cut 16 oil rigs in the week to Aug. 23, the deepest cut since the week of April … Read moreU.S. oil rig count at Jan 2018 low in deepest cut since April: Baker Hughes

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Tesla Critic David Einhorn Wants Elon Musk to Resign Over Solar Controversy

Tesla Motors Inc Chief Executive Elon Musk pauses during a news conference in Tokyo September 8, 2014. REUTERS/Toru Hanai

By Brian Eckhouse Aug 23, 2019 (Bloomberg) It only took 12 hours for hedge fund investor David Einhorn, a well-known Tesla Inc. critic, to wade into the controversy over the company’s solar systems.He called on Tesla Chief Executive Officer Elon Musk to resign after a Business Insider report overnight showed the company tried to replace … Read moreTesla Critic David Einhorn Wants Elon Musk to Resign Over Solar Controversy

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Nebraska Supreme Court Affirms Keystone XL Route Approval

Keystone xl pipeline

August 23, 2019 Globe Newswire OMAHA, Neb., Aug. 23, 2019 (GLOBE NEWSWIRE) — TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced the Nebraska Supreme Court has affirmed the November 2017 decision by the Nebraska Public Service Commission that approved the Keystone XL Pipeline route through the state. “The Supreme Court decision … Read moreNebraska Supreme Court Affirms Keystone XL Route Approval

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Oil Sinks as China Retaliation in Trade War Spurs Demand Fears

By Grant Smith Updated on Aug 23, 2019 (Bloomberg) Oil tumbled in New York, erasing this week’s gain, as China’s retaliation against U.S. tariffs spurred fears the trade war will deal an even bigger blow to demand.Futures fell 3.1%, turning what had been a weekly gain into a loss of 2.3%. China will impose additional levies on … Read moreOil Sinks as China Retaliation in Trade War Spurs Demand Fears

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Pump Prices Could Fall Below $2 in the U.S. South, Analysts Say

gas pumps

Aug 23, 2019 (Bloomberg) Pending a hurricane, it might get a lot cheaper to head out to big college football games this fall across the southern U.S. GasBuddy fuels analyst Patrick DeHaan said about 100 of the nation’s 150,000 gas stations have regular unleaded below $2 per gallon this week. He said the number of … Read morePump Prices Could Fall Below $2 in the U.S. South, Analysts Say

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Five Things to Know in World Business Today

World Business

By Laura Curtis  Aug 23, 2019 (Bloomberg) Powell’s speech due, Macron has hopes for the G-7, and Hong Kong is causing global worries. Here are some of the things people in markets are talking about today. Fed Features You may have heard by now that Federal Reserve Chairman Jerome Powell is going to speak in a place called … Read moreFive Things to Know in World Business Today

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Good Business: Headed for the Windmills

Wind Turbines

Sustainable Finance A greener energy industry is testing investors’ ability to adapt. A decade ago, integrated oil and gas companies such as Exxon and Chevron made up the biggest sub-index in the S&P 500, accounting for 7.8%. And yet, by this July, that same group had dropped to 11th place, with a 2.4% weighting. Twelve investors told … Read moreGood Business: Headed for the Windmills

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Oil market starts to rebalance at lower prices

August 20, 2019 Global oil consumption is falling at the fastest rate for almost five years as manufacturing activity and trade flows slip around the world and vehicle production tumbles. Demand in the top 18 consuming countries, each using more than 1 million barrels per day (bpd), fell by almost 0.2% in the three months … Read moreOil market starts to rebalance at lower prices

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Five Things to Know in World Business Today

World Business

By Laura Curtis Aug 22, 2019 (Bloomberg) Traders are waiting for Powell, manufacturing in Europe gives ammo for bulls and bears, and Boris Johnson is on a Brexit tour of Europe. Here are some of the things people in markets are talking about today. Powell up Investors around the globe are waiting with bated breath for … Read moreFive Things to Know in World Business Today

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Oil Climbs as Traders Await Signs on U.S. Monetary Policy

Oil Prices Up

By Saket Sundria and Grant Smith Aug 22, 2019 (Bloomberg) Oil recovered after its first drop this week as attention turned from expanding American fuel stockpiles to the prospects for monetary easing as the world’s top central bankers gather in Jackson Hole, Wyoming. Futures added 1.2% to trade above $56 a barrel in New York. … Read moreOil Climbs as Traders Await Signs on U.S. Monetary Policy

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OPEC plan to balance the oil market hinges on third quarter

By Julian Lee Aug 22, 2019 (Bloomberg) The current quarter will be key in shaping the oil supply/demand balances for 2019, according to the latest outlooks from the world’s three major oil-forecasting agencies. If the big inventory draws they expect fail to materialize, OPEC’s goal of pulling down excess stockpiles will be delayed again. The International … Read moreOPEC plan to balance the oil market hinges on third quarter

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Battle for Aramco IPO Heats Up as Exchanges Vie for Supremacy

By Dinesh Nair Aug 22, 2019 (Bloomberg) The largest global stock exchanges have restarted efforts to court Saudi Aramco as the battle to host the world’s biggest-ever initial public offering heats up again, people with knowledge of the matter said. Top officials from London Stock Exchange Group Plc, the New York Stock Exchange and Hong Kong Exchanges … Read moreBattle for Aramco IPO Heats Up as Exchanges Vie for Supremacy

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The $30 Billion Exodus: Foreign Oil Firms Are Bailing on Canada

By Kevin Orland Aug 21, 2019 (Bloomberg) Capital keeps marching out of Canada’s oil industry, with Kinder Morgan Inc.’s sale of its remaining holdings in the country on Wednesday adding to more than $30 billion of foreign-company divestitures in the past three years.Pembina Pipeline Corp., based in Calgary, is snapping up Kinder’s Canadian assets and … Read moreThe $30 Billion Exodus: Foreign Oil Firms Are Bailing on Canada

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Comstock Resources Announces the Appointment of Ronald Mills as VP of Finance and Investor Relations

August 21, 2019 | Source: Comstock Resources, Inc. Frisco, TX, Aug. 21, 2019 (GLOBE NEWSWIRE) COMSTOCK RESOURCES ANNOUNCES THE APPOINTMENT OF RONALD MILLS AS VP OF FINANCE AND INVESTOR RELATIONS FRISCO, TX, August 21, 2019 – Comstock Resources, Inc. (NYSE: CRK) (“Comstock” or the “Company”) today announced that it has appointed Ronald Mills as Vice President of Finance … Read moreComstock Resources Announces the Appointment of Ronald Mills as VP of Finance and Investor Relations

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Infrastructure and Energy Alternatives, Inc. Announces Wind Construction Project Award in Illinois

August 22, 2019 | Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, Aug. 22, 2019 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced a new wind energy project award. The award is for construction of the Sugar … Read moreInfrastructure and Energy Alternatives, Inc. Announces Wind Construction Project Award in Illinois

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geoLOGIC Acquires TOP Analysis, Thermal Oilsands’ Provider of Critical Information & Competitive Intelligence

CALGARY, August 20, 2019 – geoLOGIC systems ltd. (geoLOGIC) today announced that it has purchased TOP Analysis ltd. (TOP Analysis), a provider of Canadian thermal oilsands critical information & competitive intelligence through an easy to use SaaS platform available to all disciplines. Founded in 2013, TOP Analysis has fundamentally changed the way in which companies … Read moregeoLOGIC Acquires TOP Analysis, Thermal Oilsands’ Provider of Critical Information & Competitive Intelligence

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5th Annual Frac Whack Rockies Golf Tournament – Denver Colorado

Frac Shack America is excited to be hosting the 5th Annual Frac Whack Golf Tournament again this year! You can’t miss out on what is becoming one of the most anticipated Oil & Gas events of the year! This year, we are teaming up with the National Military Family Association to raise some money and stand behind service … Read more5th Annual Frac Whack Rockies Golf Tournament – Denver Colorado

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Aug 21, 2019 (Bloomberg)  Trump says the U.S. is very far from a recession, Fed minutes are due later, and Germany tests the bond market. Here are some of the things people in markets are talking about today. No stimulus, yet President Donald Trump said that he is open to a range of … Read moreFive Things to Know in World Business Today

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Oil Steadies as Drop in U.S. Stockpiles Tempers Economic Worries

By Saket Sundria and Grant Smith Aug 21, 2019 (Bloomberg) Oil held steady after a reported drop in U.S. crude inventories alleviated some of traders’ concern that slowing economic growth will diminish demand. Futures were little changed above $56 a barrel in New York on Wednesday. The American Petroleum Institute reported a 3.45 million-barrel decline … Read moreOil Steadies as Drop in U.S. Stockpiles Tempers Economic Worries

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A $4 Billion Bet by Asia’s Richest Man Is Hurt by Too Much Gas

By Saket Sundria, Rajesh Kumar Singh and Debjit Chakraborty Aug 21, 2019 A global glut in natural gas is threatening to undermine a $4 billion investment by Reliance Industries Ltd. aimed at boosting profits at the world’s largest oil refining complex. The project made all the sense in the world when energy magnate Mukesh Ambani’s … Read moreA $4 Billion Bet by Asia’s Richest Man Is Hurt by Too Much Gas

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U.S. Sanctions Are Forcing Iran to Ditch Push to Cleaner Fuels

By Verity Ratcliffe  Aug 21, 2019 (Bloomberg) Iran is about to burn a lot more fuel oil as a result of U.S. sanctions and new global shipping rules, reversing the nation’s progress in switching to cleaner-burning natural gas. Power plants and other industrial facilities will burn more than 200,000 barrels a day of highly polluting … Read moreU.S. Sanctions Are Forcing Iran to Ditch Push to Cleaner Fuels

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U.S. Seen as Biggest Climate Risk With Two-Thirds of New Oil and Gas Development

By Alex Nussbaum Aug 20, 2019 (Bloomberg) The U.S. will account for for almost two-thirds of the world’s new oil and natural gas output in the decade ahead, making it a critical obstacle to stopping climate pollution, a London-based advocacy group says.Propelled by the shale boom, the U.S. will pump out the equivalent of 88.9 billion … Read moreU.S. Seen as Biggest Climate Risk With Two-Thirds of New Oil and Gas Development

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MDM Permian Completes Business Consolidation And Initiates Permian Leases Acquisitions

August 20, 2019  | Source: MDM Permian, Inc. ADDISON, Texas, Aug. 20, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE – MDM Permian, Inc. (OTC: MDMP) is pleased to announce the following Operations Update: Management consolidates oil/gas production plays in Texas Permian Basin In order to streamline operations and focus full attention to the Permian Basin, … Read moreMDM Permian Completes Business Consolidation And Initiates Permian Leases Acquisitions

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Shale Bond Buyers Get Picky as More Producers Default

Gas Refinery

By Caleb Mutua Aug 19, 2019 (Bloomberg) After years pouring funds into the shale boom, bond buyers are getting increasingly selective as defaults rise and many explorers continue to burn more cash than they make.While Exxon Mobil Corp. and Occidental Petroleum Corp. have recently sold a combined $20 billion of investment-grade debt, junk rated issuers … Read moreShale Bond Buyers Get Picky as More Producers Default

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U.S. removed almost 2.7 mln barrels of Iranian oil from market

August 20, 2019 Reuters The United States has removed nearly 2.7 million barrels of Iranian oil from global markets as a result of Washington’s decision to reimpose sanctions on all purchases of Iran’s crude, U.S. Secretary of State Mike Pompeo said on Tuesday. In an interview with MSNBC, Pompeo said the U.S. government was confident it … Read moreU.S. removed almost 2.7 mln barrels of Iranian oil from market

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U.S. natgas futures hold steady on outlook for near-normal weather

Natural Gas

August 20, 20198:49 AM Reuters U.S. natural gas futures were little changed on Tuesday amid forecasts for near-normal temperatures going into the home stretch of summer. Front-month gas futures for September delivery on the New York Mercantile Exchange (NYMEX) remained unchanged at $2.210 per million British thermal units as of 10:24 a.m. EDT (1424 GMT). Forecasts … Read moreU.S. natgas futures hold steady on outlook for near-normal weather

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Oil Steadies as U.S.-China Trade Progress Allays Demand Concerns

By Saket Sundria and Grant Smith Aug 20, 2019 Oil steadied near $56 a barrel as hints of a trade detente between the U.S. and China, along with the prospect of monetary stimulus, buoyed financial markets. Futures gained as much as 0.6% in New York after settling 2.4% higher on Monday. U.S. Commerce Secretary Wilbur … Read moreOil Steadies as U.S.-China Trade Progress Allays Demand Concerns

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U.S. Oil Challenges Mideast Sellers With Asian Trading Debut

By Sharon Cho Aug 19, 2019 (Bloomberg) The rivalry between U.S. and Middle Eastern oil producers has jumped up a notch as American crude makes its way right to the heart of Asia, the world’s most-prized energy market. Royal Dutch Shell Plc has offered a cargo of U.S. West Texas Intermediate Midland crude that’s priced off the … Read moreU.S. Oil Challenges Mideast Sellers With Asian Trading Debut

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Aug 20, 2019 (Bloomberg) Volcker rule changes, Boris Johnson’s bid to renegotiate Brexit, and today’s corporate news is brought to you by the letter A. Here are some of the things people in markets are talking about today. Easing the rules Wall Street regulators will roll out “Volcker 2.0,” an update to … Read moreFive Things to Know in World Business Today

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Sanchez Energy Receives Court Approval of “First Day” Motions to Support Business Operations

August 19, 2019 | Source: Sanchez Energy Corporation Obtains Interim Approval to Access up to $50 Million in New Financing Maintains Substantial Liquidity to Continue Safe Operations in the Normal Course HOUSTON, Aug. 19, 2019 (GLOBE NEWSWIRE) — Sanchez Energy Corporation (“Sanchez Energy” or the “Company”) (OTC Pink: SNECQ) today announced that the Company and certain of … Read moreSanchez Energy Receives Court Approval of “First Day” Motions to Support Business Operations

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U.S. Oil Companies Persuade States to Make Pipeline Protests a Felony

By Jennifer A. Dlouhy Aug 19, 2019 (Bloomberg) After protesters disrupted construction of an oil pipeline in North Dakota by chaining themselves to construction equipment and pitching tents along the route, oil and chemical companies found a way to keep it from happening again. They made it a crime. The companies, including Koch Industries Inc., … Read moreU.S. Oil Companies Persuade States to Make Pipeline Protests a Felony

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Saudi Aramco asks banks to pitch for roles in planned IPO-sources

Saudi Aramco

August 19, 2019 Reuters Saudi Aramco has formally asked major banks to submit proposals for potential roles in its planned initial public offering, two sources with direct knowledge of the matter said. Aramco’s planned IPO, which could potentially raise $100 billion, is the centrepiece of Saudi Arabia’s economic transformation drive to attract foreign investment and diversify … Read moreSaudi Aramco asks banks to pitch for roles in planned IPO-sources

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Certarus Ltd. Announces Execution of a Flare Gas Capture Agreement With a Multi-National American Energy Supermajor for Its Electric Completions Program

August 19, 2019 | Source: Certarus Ltd HOUSTON, Aug. 19, 2019 (GLOBE NEWSWIRE) — Certarus Ltd. (“Certarus” or the “Corporation”) is pleased to announce that it has entered into a flare gas capture and compressed natural gas supply agreement with a Multi-National American Energy Supermajor (“Supermajor”) to service its electric hydraulic fracturing operations in the Delaware … Read moreCertarus Ltd. Announces Execution of a Flare Gas Capture Agreement With a Multi-National American Energy Supermajor for Its Electric Completions Program

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Coal-Loving Australia Is Third Biggest Emissions Exporter

Aug 18, 2019 (Bloomberg) Australia’s booming coal industry has made it the world’s third-biggest exporter of potential carbon dioxide emissions locked in fossil fuels, placing it only behind oil giants Russia and Saudi Arabia. Australia makes up 7% of all global fossil fuel exports by carbon dioxide potential, as it accounts for almost one-third of … Read moreCoal-Loving Australia Is Third Biggest Emissions Exporter

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Aug 19, 2019 Trump says U.S. is still talking with China, investors ready for a week of central bank speculation, and European politics are still a mess. Here are some of the things people in markets are talking about today. No deal… yet President Donald Trump said the U.S. is “doing very well … Read moreFive Things to Know in World Business Today

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Oil Rises as Drone Attack on Saudi Field Stokes Mideast Fears

By Saket Sundria and Grant Smith  Aug 19, 2019 (Bloomberg) —Oil rose for a second day as a drone attack on a Saudi Arabian oil field revived concerns that the tense Middle East political situation may jeopardize crude exports.Futures in New York advanced 0.6% to trade near $55 a barrel. Yemeni rebels attacked oil and gas facilities … Read moreOil Rises as Drone Attack on Saudi Field Stokes Mideast Fears

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U.S. Oil Export Race Accelerates Even as One Project Makes Leap

(Bloomberg) The race to develop oil terminals that can fully load supertankers on the U.S. Gulf Coast remains congested, even as one of North America’s largest pipeline operators decided to push its project ahead.Over a year, more than 10 projects have been proposed for terminals that, combined, will be able to load 8 million barrels … Read moreU.S. Oil Export Race Accelerates Even as One Project Makes Leap

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Tesla Relaunches Solar-Panel Business With No-Contract Rentals

Tesla Solar Panels

By Brian Eckhouse Aug 18, 2019, 9:49 AM (Bloomberg) Tesla Inc. has another new plan to revive its foundering solar division: rentals.The Palo Alto, California-based company is now offering no-contract solar-panel packages as part of a relaunch announced in a series of tweets early Sunday by Chief Executive Officer Elon Musk. “With the new lower … Read moreTesla Relaunches Solar-Panel Business With No-Contract Rentals

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Saudi Oil Field Hit by Drone Attack But Production Unaffected

Yemeni rebels attacked oil and gas facilities at the Shaybah field in southeast Saudi Arabia, but failed to disrupt production. Saudi Arabian Oil Co., or Aramco as the company is known, extinguished a small fire at a natural gas liquids plant at Shaybah on Saturday morning, it said in a statement. There were no casualties … Read moreSaudi Oil Field Hit by Drone Attack But Production Unaffected

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Battery Startup With $4.5 Billion Plan Has Vision for Nordic Hub

By Mikael Holter Aug 18, 2019 (Bloomberg) Freyr AS, a startup planning to build one of Europe’s first battery gigafactories in Norway, has a bigger vision for the region: a “Nordic Battery Belt.”The Norwegian company is still gathering approvals, technology licenses and funding for its initial, 40 billion-krone ($4.5 billion) project in northern Norway. But … Read moreBattery Startup With $4.5 Billion Plan Has Vision for Nordic Hub

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COMMENTARY: Saudi Arabia Makes a Promise That It Just Can’t Keep: Julian Lee

Khalid Al-Falih, Saudi Arabia's energy and industry minister, arrives ahead of the 174th Organization Of Petroleum Exporting Countries (OPEC) meeting in Vienna, Austria, on Friday, June 22, 2018. Photographer: Stefan Wermuth/Bloomberg

By Julian Lee Aug 18, 2019 (Bloomberg Opinion) Saudi Arabia isn’t as willing to do whatever it takes to support oil prices as it would have us believe. That’s the only conclusion one can draw from what we’ve learnt since a government official said the kingdom wouldn’t tolerate a continued price slide.After crude fell to a seven-month … Read moreCOMMENTARY: Saudi Arabia Makes a Promise That It Just Can’t Keep: Julian Lee

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Petroteq Announces Closing of Financing

August 18, 2019  | Source: Petroteq Energy Inc.  NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. SHERMAN OAKS, Calif., Aug. 18, 2019 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), a fully integrated surface oil … Read morePetroteq Announces Closing of Financing

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Osprey is helping mid and downstream terminals become safer and more productive with advanced Intelligent visual monitoring

Osprey Logo - December 2018 Update Feature

Osprey uses advanced Computer Vision (AI) and machine learning to recognize objects and events of interest while disregarding objects of no value, minimizing false positives. Our cloud-based platform Osprey Reach is designed for industrial applications and is being used at several midstream and downstream terminals throughout North America and Australia. Osprey Reach offers proven operational, … Read moreOsprey is helping mid and downstream terminals become safer and more productive with advanced Intelligent visual monitoring

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OPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus

August 16, 2019 Reuters OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building a case to keep up an OPEC-led pact to curb supply. In a monthly report, the Organization of the Petroleum Exporting Countries cut its … Read moreOPEC sees bearish oil outlook for rest of 2019, points to 2020 surplus

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BP publishes LNG contract templates to push industry standardization

August 16, 2019 Reuters Global oil and gas major BP has published its master sales and purchase contract templates for its liquefied natural gas (LNG) trading business and says it is the first of its peers to do so. BP , which has a global LNG portfolio made up of volumes it has produced or bought, … Read moreBP publishes LNG contract templates to push industry standardization

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Five Things to Know in World Business Today

World Business

By Laura Curtis Aug 16, 2019 (Bloomberg) Fed in focus after choppy week, oil got caught up in some messy politics, and the economic data is actually pretty good. Here are some of the things people in markets are talking about today. Fed watch At the tail end of a wild week in markets, it’s back to Fed … Read moreFive Things to Know in World Business Today

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Windmills and Batteries to Attract Billions in the Green Energy Revolution – The New Energy Landscape

By BloombergNEF and Bloomberg News Aug 15, 2019 The renewable energy transition promises to reduce carbon emissions, but it’s happening at different speeds around the world. Read on for some key insights from BloombergNEF’s New Energy Outlook 2019, which provides a detailed road map to the future. 1. The Old World Will Move the Fastest … Read moreWindmills and Batteries to Attract Billions in the Green Energy Revolution – The New Energy Landscape

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Even Andrew Cuomo Isn’t Sure of New York’s Near-Impossible Climate Goals

By Millicent Dent Aug 16, 2019 (Bloomberg) New York Governor Andrew Cuomo last month signed the most aggressive climate law in the nation. But even he’s not sure it’ll work out as planned, and Cuomo’s not alone.Some of the technology needed to achieve an 85% cut in statewide greenhouse gas emissions from 1990 levels by 2050 isn’t … Read moreEven Andrew Cuomo Isn’t Sure of New York’s Near-Impossible Climate Goals

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Texas Declares Second Power Emergency in Three Days

By Christopher Martin and Naureen S. Malik Aug 15, 2019 (Bloomberg) An energy emergency that Texas’s grid operator was forced to declare on Thursday as an unrelenting heat wave threatened power shortages has ended. While temperatures remained near 100 degrees Fahrenheit (38 degrees Celsius) in some parts of Texas, the state’s electricity demand has begun … Read moreTexas Declares Second Power Emergency in Three Days

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North Dakota oil production up 30,000 bpd in June vs May to 1,425,000 bpd

August 15, 2019 Reuters Oil production in North Dakota rose 30,000 barrels-per-day (bpd) to 1,425,000 bpd in June, monthly data from the state Industrial Commission showed. The data was released on the North Dakota Industrial Commission’s monthly index report page and has been rounded to the nearest 5,000 barrels. It may differ slightly from the commission’s … Read moreNorth Dakota oil production up 30,000 bpd in June vs May to 1,425,000 bpd

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Aug 15, 2019 (Bloomberg) China says U.S. violates Trump-Xi accord, bond market still very nervous, and it’s a huge day for retailers. Here are some of the things people in markets are talking about today. Warning Just as markets seemed to be catching their breath after yesterday’s huge moves, Chinese authorities issued a … Read moreFive Things to Know in World Business Today

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Green Flops: Why Some Promising Cleantech Ideas Didn’t Work Out

By Will Wade Aug 15, 2019 It must have seemed like a good idea at the time.The annals of green energy are filled with people who devised brilliant solutions to vexing problems, delivering more power for less money, making things cleaner, easier, and better. Many became rich and famous in the process. And then there … Read moreGreen Flops: Why Some Promising Cleantech Ideas Didn’t Work Out

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U.S. Seeks to Block Release of Seized Oil Ship in Gibraltar

By Jonathan Browning and Alex Longley Aug 15, 2019 The U.S. is seeking to block authorities in Gibraltar from releasing the supertanker Grace 1, which was seized last month on suspicion of hauling Iranian crude oil to Syria in violation of European sanctions. “The U.S. Department of Justice has applied to seize the Grace 1 … Read moreU.S. Seeks to Block Release of Seized Oil Ship in Gibraltar

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Oil Holds Losses as U.S. Stockpile Gain Adds to Recession Fears

By Sharon Cho and Grant Smith Aug 15, 2019 (Bloomberg) Oil held losses as a surprise gain in U.S. crude stockpiles added to deepening concerns over the outlook for global demand. Futures fell again in New York after a 3.3% drop on Wednesday. China signaled on Thursday it may retaliate against President Donald Trump’s plans … Read moreOil Holds Losses as U.S. Stockpile Gain Adds to Recession Fears

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A Greener Energy Industry Is Testing Investors’ Ability to Adapt

(Bloomberg Markets) No one disputes that change is coming to the energy sector. A decade ago, integrated oil and gas companies such as Exxon Mobil Corp. and Chevron Corp. seemed like solid investments. They made up the biggest sub-index in the S&P 500, accounting for 7.8% . And yet, by this July, that same group … Read moreA Greener Energy Industry Is Testing Investors’ Ability to Adapt

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Halcón Announces Appointment of New Chief Financial Officer

Seasoned, Strategic Finance Executive Ragan T. Altizer Named Chief Financial Officer August 14, 2019| Source: Halcon Resources Corporation Houston, Aug. 14, 2019 (GLOBE NEWSWIRE) — Halcón Resources Corporation (OTC PINK: HKRS) (“Halcón” or the “Company”) today announced that Ragan T. Altizer has been appointed Executive Vice President, Chief Financial Officer and Treasurer of the Company effective … Read moreHalcón Announces Appointment of New Chief Financial Officer

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Enservco Reports 2019 Second Quarter and Six-Month Financial Results

August 14, 2019  | Source: Enservco Six-Month Results – 2019 vs. 2018 Revenue increased 19% to $33.4 million from $28.2 million Well enhancement service revenue up 18% to $31.2 million from $26.3 million Water transfer service revenue up 19% to $2.3 million from $1.9 million Net income improved to $1.1 million from net loss of $1.2 … Read moreEnservco Reports 2019 Second Quarter and Six-Month Financial Results

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Continental Resources CEO urges OPEC, shale oil output cuts

August 14, 2019 Reuters OPEC and U.S. shale producers should reduce crude shipments into an oversupplied market, Continental Resources Chief Executive Harold Hamm said on Tuesday, as Iran sanctions and the U.S.-China trade dispute has roiled the market.Hamm, who heads one of the largest U.S. shale companies, urged energy producers to curb spending and production, … Read moreContinental Resources CEO urges OPEC, shale oil output cuts

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Aug 14, 2019 (Bloomberg) Trade talks remain on track, more signs of a global slowdown, and elections grow more likely in Italy and the U.K. Here are some of the things people in markets are talking about today. September meeting The U.S. and China are, much to the relief of markets, making … Read moreFive Things to Know in World Business Today

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U.S. Core Inflation July 2019: Hits Six-Month High

By Katia Dmitrieva Aug 13, 2019 (Bloomberg) A key measure of U.S. consumer prices unexpectedly accelerated in July in a broad-based advance, signaling inflation may be firming as the Federal Reserve debates whether to lower interest rates further.The core consumer price index, which excludes food and energy, rose 0.3% from the prior month, and 2.2% … Read moreU.S. Core Inflation July 2019: Hits Six-Month High

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Oil Declined Again After Biggest Surge in Five Weeks

By Grant Smith and Sharon Cho Aug 14, 2019, (Bloomberg) Oil declined again after its biggest surge in five weeks amid industry data showing that U.S. crude stockpiles increased and growing alarm about the health of the global economy.Futures lost as much as 3.9% in New York on weak economic data from China and Germany, along … Read moreOil Declined Again After Biggest Surge in Five Weeks

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Idling LNG Tankers Hint at Increasing Appeal of Floating Storage

FILE PHOTO - The Offshore LNG regasification terminal, the FSRU Toscana, is towed into Valletta's Grand Harbour July 1, 2013. REUTERS/Darrin Zammit Lupi

By Anna Shiryaevskaya and Naureen S. Malik Aug 13, 2019 (Bloomberg) Liquefied natural gas tankers are taking longer-than-usual journeys to deliver cargoes and spending more time idling at sea in a sign some traders are starting to use vessels for storage. There may be other reasons for keeping the cargoes on the water, including logistical or … Read moreIdling LNG Tankers Hint at Increasing Appeal of Floating Storage

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Trump Plans to End Methane Curbs That Oil Companies Want to Keep

By Jennifer A. Dlouhy Aug 14, 2019 (Bloomberg) The Trump administration is readying a plan to end direct federal regulation of methane leaks from oil and gas facilities, even as some energy companies insist they don’t want the relief.A draft proposal from the Environmental Protection Agency would prevent the federal government from restricting emissions of … Read moreTrump Plans to End Methane Curbs That Oil Companies Want to Keep

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On the Brink of Blackouts, Texas Makes Case for Power Plant Boom

By Christopher Martin and Naureen S. Malik Aug 14, 2019 (Bloomberg) It may be time to start building power plants in Texas again. The state’s generators made a killing this week as unrelenting heat sent electricity prices skyrocketing to unprecedented levels, briefly blowing past a $9,000 a megawatt-hour price ceiling. That put producers more than … Read moreOn the Brink of Blackouts, Texas Makes Case for Power Plant Boom

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Looking to Reduce Risk? Try Canada as Profit Outlook Hits Record

By Divya Balji Aug 14, 2019 (Bloomberg) Slowing global growth and the threat of a drawn-out trade war between the two largest economies have impacted corporate profits across the world. Not so in Canada, where equity bulls have boosted their earnings expectations to a record high. Strategists are expecting profits for companies listed on the … Read moreLooking to Reduce Risk? Try Canada as Profit Outlook Hits Record

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Harvest Oil & Gas Announces Second Quarter 2019 Results

August 14, 2019 | Source: Harvest Oil & Gas Corp. HOUSTON, Aug. 14, 2019 (GLOBE NEWSWIRE) — Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) today announced results for the second quarter of 2019 and the filing of its Form 10-Q with the Securities and Exchange Commission (“SEC”) on August 14, 2019. Harvest … Read moreHarvest Oil & Gas Announces Second Quarter 2019 Results

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Vantage Drilling International Reports Second Quarter Results for 2019

August 14, 2019  | Source: Vantage Drilling International HOUSTON, Aug. 14, 2019 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) reported net income attributable to controlling interest of approximately $590.7 million or $116.96 per share for the three months ended June 30, 2019 compared to a net loss attributable to controlling interest of $31.1 … Read moreVantage Drilling International Reports Second Quarter Results for 2019

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Infrastructure and Energy Alternatives, Inc. Announces Second Quarter 2019 Results, Additional Equity Commitment and Other Potential Financing and Sale Transactions

August 14, 2019| Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, Aug. 14, 2019 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced its financial results for the second quarter ended June 30, 2019. Second Quarter Highlights Awarded … Read moreInfrastructure and Energy Alternatives, Inc. Announces Second Quarter 2019 Results, Additional Equity Commitment and Other Potential Financing and Sale Transactions

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U.S. crude oil stocks rise 3.7 mln bbls-AP

August 13, 2019 Reuters0 Comments U.S. crude stocks rose unexpectedly last week while gasoline inventories increased and distillate stocks drew, data from industry group the American Petroleum Institute showed on Tuesday.Crude inventories rose by 3.7 million barrels in the week to August 9 to 443 million, compared with analysts’ expectations for a decrease of 2.8 million … Read moreU.S. crude oil stocks rise 3.7 mln bbls-AP

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Production report for July 2019

August 13, 2019  | Source: Interoil Exploration & Production ASA 13 August 2019 Below please find average gross operated production in July 2019 and corresponding numbers for June 2019. Interoil operated July 2019 June 2019 Boe/d* Bopd ** Boe/d* Bopd ** Colombia 1907 1227 1806 1268 * Barrels of oil equivalents per day ** Barrels of … Read moreProduction report for July 2019

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Martin Midstream Partners L.P. Announces Sale of East Texas Pipeline

August 12, 2019 | Source: Martin Midstream Partners L.P. KILGORE, Texas, Aug. 12, 2019 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (the “Partnership”) (NASDAQ: MMLP) announces the sale of its East Texas Pipeline (the “Pipeline”) to an undisclosed buyer. The net proceeds of approximately $17.5 million will be used to reduce outstanding borrowings under the Partnership’s revolving credit … Read moreMartin Midstream Partners L.P. Announces Sale of East Texas Pipeline

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Trump Team Is Sued by States Over EPA’s New ‘Dirty Power’ Rule

U.S. President Donald Trump delivers remarks on his proposed changes to the tax code during an event with energy workers at the Andeavor Refinery in Mandan, North Dakota, U.S. September 6, 2017. REUTERS/Jonathan Ernst/File Photo

By Erik Larson Aug 13, 2019 (Bloomberg)  A group of U.S. states and cities sued the Trump administration over its new “clean energy” plan, alleging it is an industry giveaway that will reverse progress in addressing climate change and prolong the nation’s dependence on fossil fuels. The lawsuit, the latest of several legal challenges raised … Read moreTrump Team Is Sued by States Over EPA’s New ‘Dirty Power’ Rule

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U.S. natgas futures rise on forecast for higher demand next week

August 13, 2019 Reuters U.S. natural gas futures rose almost 2% on Tuesday on forecasts for more heat and cooling demand next week than previously expected despite an increase in output to a fresh record high. Front-month gas futures for September delivery on the New York Mercantile Exchange rose 3.7 cents to $2.142 per million British … Read moreU.S. natgas futures rise on forecast for higher demand next week

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Exxon eyes UK North Sea exit after 50-year presence

North Sea Oil Platform

August 13, 2019 Reuters Exxon Mobil is considering an exit from the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects. The world’s largest publicly traded energy company, Exxon has held talks with a number of North Sea operators in recent … Read moreExxon eyes UK North Sea exit after 50-year presence

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Aug 13, 2019 (Bloomberg) Traders dump everything Argentine, Hong Kong protests continue, and more signs of a downturn. Here are some of the things people in markets are talking about today. Pesomism The Argentine peso tumbled as much as 25% to a record low of 60 per dollar yesterday, with the country’s main … Read moreFive Things to Know in World Business Today

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Weather in Texas: Searing Heat Pushes Power Prices Toward Record

By Millicent Dent and Naureen S. Malik  Aug 13, 2019 (Bloomberg) The extreme heat that sent electricity demand and power prices surging to record levels in Texas on Monday is threatening to do it all over again Tuesday.Wholesale electricity prices jumped 36,000% to average as much as $6,537.45 a megawatt-hour across the Texas power grid. It was … Read moreWeather in Texas: Searing Heat Pushes Power Prices Toward Record

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Oil Steadies Near $55 as Demand Fears Mix With Tighter Supply

By Sharon Cho and Grant Smith Aug 13, 2019 (Bloomberg) Oil steadied near $55 a barrel in New York as persistent concerns over slowing demand jostled with expectations that U.S. crude stockpiles will continue to tighten.Futures were little changed after rising 7.5% in the past three days. American inventories probably dropped by about 2.3 million … Read moreOil Steadies Near $55 as Demand Fears Mix With Tighter Supply

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Green Republicans Should Support a Carbon Tax: Editorial Board

By The Editors Aug 13, 2019 (Bloomberg Opinion) Rather unexpectedly, Republicans have become a minor font of ideas on fighting climate change. There’s been talk of clean-energy tax credits, a boost to carbon-capture technology, a renewed push for nuclear power, even a new “Roosevelt Conservation Caucus” dedicated to green issues. Above all, they say, the … Read moreGreen Republicans Should Support a Carbon Tax: Editorial Board

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Energy Stocks: The Dumb Money May Be Wising Up: Liam Denning

US Stocks raise

By Liam Denning Aug 13, 2019 (Bloomberg Opinion) When the market doesn’t go your way, there’s a certain deflective comfort to be found in blaming the market. The slump in energy stocks has spurred some talk of getting out of public markets altogether – even as one company, Saudi Aramco, is apparently considering finally taking a giant … Read moreEnergy Stocks: The Dumb Money May Be Wising Up: Liam Denning

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U.S. natgas futures rise on forecast for more demand despite record output

Natural Gas

August 12, 2019 U.S. natural gas futures edged up on Monday as the market focused more on forecasts for more demand over the next two weeks than previously expected as opposed to an increase in output to record levels. Front-month gas futures for September delivery on the New York Mercantile Exchange rose 2.7 cents, or … Read moreU.S. natgas futures rise on forecast for more demand despite record output

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Even as Oil Falls, Aramco Remains World’s Most Profitable Company

By Matthew Martin Aug 12, 2019 (Bloomberg) Saudi Aramco showed Monday it’s still the world’s most profitable company — and paid out almost all its net income in dividends — despite the dwindling price of oil. Profit slid 12% to $46.9 billion in the first six months of 2019, the state-owned energy giant said in … Read moreEven as Oil Falls, Aramco Remains World’s Most Profitable Company

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Aug 12, 2019 (Bloomberg) Shock election result set to shake Argentina, tensions rise further in Hong Kong, and Italian politics are still a mess. Here are some of the things people in markets are talking about today. Peso set to plunge Argentina’s President Mauricio Macri unexpectedly lost a primary vote by 15 … Read moreFive Things to Know in World Business Today

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Gulfport Energy Corporation Appoints Quentin R. Hicks Executive Vice President and Chief Financial Officer

August 12, 2019  | Source: Gulfport Energy Corporation OKLAHOMA CITY, Aug. 12, 2019 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) announced today that Quentin R. Hicks will join the Company as Executive Vice President and Chief Financial Officer reporting to David M. Wood, President and Chief Executive Officer. Mr. Hicks will … Read moreGulfport Energy Corporation Appoints Quentin R. Hicks Executive Vice President and Chief Financial Officer

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Oil Declines as Trade Tensions Continue to Stoke Demand Fears

By Heesu Lee and Grant Smith Aug 12, 2019 (Bloomberg) Oil dropped as U.S. President Donald Trump said planned trade talks with China next month could be called off, stoking concerns the deepening dispute will damage global growth.Futures lost as much as 1.8% in New York, snapping a two-day gain, as a stronger dollar curbed … Read moreOil Declines as Trade Tensions Continue to Stoke Demand Fears

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Aramco to Buy Stake in Reliance Industries Oil, Chemicals Unit

By Debjit Chakraborty and Dhwani Pandya Aug 12, 2019 (Bloomberg) The world’s biggest crude producer will soon own a part of the world’s biggest oil refinery. Saudi Aramco will buy a 20% stake in the oil-to-chemicals business of India’s Reliance Industries Ltd., including the 1.24 million barrels-a-day Jamnagar refining complex on the country’s west coast, … Read moreAramco to Buy Stake in Reliance Industries Oil, Chemicals Unit

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U.S. oil drillers cut rigs for sixth week in a row -Baker Hughes

August 9, 2019 Reuters U.S. energy firms this week reduced the number of oil rigs operating for a sixth week in a row as producers cut spending on new drilling and completions leading to lower production growth forecasts.Drillers cut six oil rigs in the week to Aug. 9, bringing the total count down to 764, … Read moreU.S. oil drillers cut rigs for sixth week in a row -Baker Hughes

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Sanchez Energy Takes Action to Strengthen Balance Sheet and Support Long-Term Strategy

August 11, 2019 | Source: Sanchez Energy Corporation Voluntarily Files for Reorganization under Chapter 11 Maintains Substantial Liquidity to Continue Safe Operations in the Normal Course Receives Commitments for $175 Million in New Financing HOUSTON, Aug. 11, 2019 (GLOBE NEWSWIRE) —  Sanchez Energy Corporation (“Sanchez Energy” or the “Company”) (OTC Pink: SNEC) today announced that the Company and certain … Read moreSanchez Energy Takes Action to Strengthen Balance Sheet and Support Long-Term Strategy

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IEA Says Oil Outlook ‘Fragile’ After Weakest Patch Since 2008

by Grant Smith Aug 9, 2019 (Bloomberg) The outlook for global oil demand is “fragile” amid growing signs of an economic slowdown, which squeezed consumption growth during the first five months of this year to the weakest in a decade, the International Energy Agency said.The IEA, which advises major economies, trimmed forecasts for oil-demand growth … Read moreIEA Says Oil Outlook ‘Fragile’ After Weakest Patch Since 2008

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Trump Delay Casts Doubt on First Big U.S. Offshore Wind Farm

By Christopher Martin and Jennifer A. Dlouhy Aug 9, 2019 (Bloomberg) The Trump administration cast the fate of the nation’s first major offshore wind farm into doubt by extending an environmental review for the $2.8 billion Vineyard Wind project off Massachusetts.The Interior Department has ordered an additional study of the farm, proposed by Avangrid Inc. … Read moreTrump Delay Casts Doubt on First Big U.S. Offshore Wind Farm

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IEA, EIA Forecasts: Gloom Over Oil Demand Will Only Get Worse: Julian Lee

By Julian Lee Aug 10, 2019 (Bloomberg Opinion) As I warned last week, oil demand growth is drying up and it’s not over yet. Two of the major oil agencies have just cut their forecasts for incremental demand this year, but they haven’t gone far enough.The revisions to full-year oil demand growth by the International Energy Agency (IEA) … Read moreIEA, EIA Forecasts: Gloom Over Oil Demand Will Only Get Worse: Julian Lee

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Oil Jumps Most in Month as Saudi Action Outweighs Demand Worries

Oil-Prices-Up

By Kiran Dhillon Aug 9, 2019 (Bloomberg) Oil surged the most in nearly a month as investors digested Saudi Arabia’s latest plan to help stabilize prices following a large dip earlier in the week that was fueled by demand concerns. WTI advanced 3.7% in New York on Friday, paring its weekly loss to 2.1%. Escalating … Read moreOil Jumps Most in Month as Saudi Action Outweighs Demand Worries

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Enbridge works to return Texas Eastern natgas pipe after Kentucky blast

August 9, 2019 Reuters Canadian energy company Enbridge Inc said it is working on a plan to put in service a couple of pipelines adjacent to the Texas Eastern natural gas pipeline in Kentucky that exploded on Aug. 1, killing one person. The company, which made the announcement on Thursday, did not say when the two … Read moreEnbridge works to return Texas Eastern natgas pipe after Kentucky blast

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Five Things to Know in World Business Today

World Business

By Joe Easton Aug 8, 2019 (Bloomberg) Good morning. The Italian government is unstable as ever, the U.K. has come out fighting on Brexit, Asian markets ended the week on a calmer note, Goldman Sachs plays the long game on European stocks and Uber Technologies Inc. reported an impressive loss. Here’s what’s moving markets. Salvini’s Demands … Read moreFive Things to Know in World Business Today

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Saudi Aramco IPO: Here are Three Burning Questions: Ellen R. Wald

By Ellen R. Wald Aug 9, 2019 (Bloomberg Opinion) Saudi Aramco, the world’s largest oil company, will hold a public investor-relations call on Monday, even though the company is private and has only one shareholder. Many analysts expect that, for the first time, the Saudi Arabian behemoth will speak openly about its finances, including its … Read moreSaudi Aramco IPO: Here are Three Burning Questions: Ellen R. Wald

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Oil Set for Weekly Loss as Traders Weigh Trade War, Saudi Output

By Tsuyoshi Inajima and Grant Smith  Aug 9, 2019 (Bloomberg) Oil is poised for a second weekly loss as investors weigh the deteriorating U.S.-China trade dispute against the latest steps from Saudi Arabia to stabilize the market.Brent crude rose 1.4% in London, but is down 6% for the week. The deepening spat between Beijing and … Read moreOil Set for Weekly Loss as Traders Weigh Trade War, Saudi Output

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Ultra Petroleum Corp. Announces Second Quarter 2019 Results Outperforming Guidance on Production and Controllable Cash Costs and Provides Operations Update with Decision to Reduce Capital Expenditures by Reducing Activity to a Single Operated Drilling Rig

August 09, 2019 06:00 ET | Source: Ultra Petroleum Corp. ENGLEWOOD, Colo., Aug. 09, 2019 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (OTCQX: UPLC) announces financial and operating results for the quarter ended June 30, 2019. Financial and Operating Highlights: Second quarter production was 62.5 billion cubic feet equivalent (“Bcfe”), above guidance, The … Read moreUltra Petroleum Corp. Announces Second Quarter 2019 Results Outperforming Guidance on Production and Controllable Cash Costs and Provides Operations Update with Decision to Reduce Capital Expenditures by Reducing Activity to a Single Operated Drilling Rig

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U.S. natgas futures rise nearly 2% on forecasts for hot weather ahead of storage report

August 8, 2019 Reuters U.S. natural gas futures rose almost 2% on Thursday as record power demand in Texas and forecasts for hotter weather and greater cooling demand in late August lifted prices from a near three-year low in the prior session. That increase comes despite the impending release of a federal report later Thursday … Read moreU.S. natgas futures rise nearly 2% on forecasts for hot weather ahead of storage report

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Texas Oil Regulator Shifts Stance as Gas Flaring Hits Record

Natural Gas

By Ryan Collins Aug 8, 2019 An unusual split vote by Texas regulators over the flaring of natural gas shows that the days of giving a free pass to the controversial practice in the Lone Star state may be numbered.The chairman of the Texas Railroad Commission, which oversees the oil and gas industry in the … Read moreTexas Oil Regulator Shifts Stance as Gas Flaring Hits Record

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As Banks Veer Off, Shale Backer Looks to Fill Financing Gap

By Alex Nussbaum and Andy Hoffman Aug 7, 2019 Shale drillers are being left behind by America’s increasingly skeptical capital markets. For one of the world’s biggest oil traders, that’s an opportunity.Swiss commodities giant Mercuria Energy Group Ltd. is in talks on several ventures with shale producers as banks cut back on their exposure to … Read moreAs Banks Veer Off, Shale Backer Looks to Fill Financing Gap

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Saudi Arabia plans to keep Aug-Sept oil exports below 7 mln bpd – official

August 8, 2019 Reuters Saudi Arabia plans to keep its crude oil exports below 7 million barrels per day in August and September despite strong demand from customers, to help drain global oil inventories and bring the market back to balance, a Saudi oil official said. State-owned Aramco’s oil nominations – the requests made by refiners … Read moreSaudi Arabia plans to keep Aug-Sept oil exports below 7 mln bpd – official

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Key Energy Services Reports Second Quarter 2019 Earnings

August 08, 2019 | Source: Key Energy Services, Inc. HOUSTON, Aug. 08, 2019 (GLOBE NEWSWIRE) — Key Energy Services, Inc. (“Key” or the “Company”) reported second quarter 2019 consolidated revenues of $112.9 million and a net loss of $18.3 million, or $(0.90) per share as compared to consolidated revenues of $109.3 million and a net loss … Read moreKey Energy Services Reports Second Quarter 2019 Earnings

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Rosehill Resources Inc. Reports Second Quarter 2019 Results

August 08, 2019 | Source: Rosehill Resources Inc. HOUSTON, Aug. 08, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) today reported financial and operational results for the quarter ended June 30, 2019. Second Quarter 2019 Highlights and Recent Items: Average net production of 18,934 barrels of oil equivalent (“BOE”) per … Read moreRosehill Resources Inc. Reports Second Quarter 2019 Results

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Halcón Resources Announces Second Quarter 2019 Results

August 08, 2019| Source: Halcon Resources Corporation DENVER, Aug. 08, 2019 (GLOBE NEWSWIRE) — Halcón Resources Corporation (OTC PINK:HKRS) (“Halcón” or the “Company”) today announced its second quarter 2019 results and provided an update on operations and other matters. Net production for the three months ended June 30, 2019 averaged 18,055 barrels of oil equivalent per … Read moreHalcón Resources Announces Second Quarter 2019 Results

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Contango Announces Second Quarter 2019 Financial Results and Provides Operational Update

August 08, 2019| Source: Contango Oil & Gas HOUSTON, Aug. 08, 2019 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today its financial results for the second quarter ended June 30, 2019 and provided an operational update. Second Quarter Highlights Production of 2.9 Bcfe for the quarter, or … Read moreContango Announces Second Quarter 2019 Financial Results and Provides Operational Update

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Most Profitable Part of the Solar Business Is Switching Currents

By Christopher Martin Aug 8, 2019, 3:01 AM (Bloomberg) The most profitable corner of the booming U.S. solar industry isn’t making — or even installing — panels. It’s building the components that keep electricity flowing to the power grid. They’re called inverters, and the two companies that make the vast majority of premium ones in … Read moreMost Profitable Part of the Solar Business Is Switching Currents

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Aug 8, 2019 (Bloomberg) The yuan fix fixes markets again, oil producers try to fix prices again, and the Italian coalition needs fixing again. Here are some of the things people in markets are talking about today. Stability Chinese policy makers tried to calm global worries by fixing the yuan stronger … Read moreFive Things to Know in World Business Today

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Alaska’s Big Fight Over Oil and Gas Revenue: Justin Fox

By Justin Fox Aug 7, 2019 The state of Alaska is in the middle of a big budget fight. In late June, the state’s new Republican governor used a line-item veto to slice more than $400 million in spending out of the $8.7 billion state operating budget. By far the biggest cuts fell on the three-campus University of … Read moreAlaska’s Big Fight Over Oil and Gas Revenue: Justin Fox

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Arizona May Have the Best Chance of Breaking up Power Monopolies

By Millicent Dent Aug 8, 2019 (Bloomberg) Of all the efforts to break up utility monopolies in the U.S., the one unfolding in Arizona may be the most likely to succeed. Officials in the state, where Arizona Public Service Co. has long reigned, are considering allowing customers to pick their own electricity providers. Independent power … Read moreArizona May Have the Best Chance of Breaking up Power Monopolies

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Oil Rebounds From Seven-Month Low as Saudis Seek to Stem Slide

By Heesu Lee and Grant Smith Aug 8, 2019 (Bloomberg) Oil rebounded from the lowest level since January after Saudi Arabia contacted other producers to discuss options to stem a rout that’s been driven by the worsening U.S.-China trade war. Futures rose as much as 3.4% in New York, clawing back much of Wednesday’s 4.7% … Read moreOil Rebounds From Seven-Month Low as Saudis Seek to Stem Slide

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Saudis Have Few Good Options in Oil Talks With OPEC+ Allies

By Grant Smith and Javier Blas  Aug 8, 2019 (Bloomberg) While Saudi Arabia and its allies may be considering all possible means to end the slump in oil prices, the options available to them are scarce.The world’s biggest crude exporters have already been laboring since the beginning of the year to shore up prices by cutting production. … Read moreSaudis Have Few Good Options in Oil Talks With OPEC+ Allies

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Chaparral Energy Announces Second Quarter 2019 Financial and Operational Results

August 07, 2019  | Source: Chaparral Energy Inc OKLAHOMA CITY, Aug. 07, 2019 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. (NYSE: CHAP) announced today its second quarter 2019 financial and operational results. The company will hold its quarterly earnings call Thursday, August 8, at 9 a.m. Central. Recent Highlights Achieved second quarter 2019 total production of 28.3 … Read moreChaparral Energy Announces Second Quarter 2019 Financial and Operational Results

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Bonanza Creek Energy Announces Second Quarter 2019 Financial Results

August 07, 2019 | Source: Bonanza Creek Energy, Inc. DENVER, Aug. 07, 2019 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) today announced its second quarter 2019 financial results and operating outlook and has posted an updated investor presentation on its corporate website. Highlights of the second quarter 2019 include: Increasing … Read moreBonanza Creek Energy Announces Second Quarter 2019 Financial Results

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VAALCO Energy, Inc. Announces Second Quarter 2019 Results

August 07, 2019| Source: VAALCO Energy, Inc. HOUSTON, Aug. 07, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) today reported operational and financial results for the second quarter 2019. Operational and Financial Highlights for the second quarter of 2019 include: Produced an average of 3,664 barrels of oil per day (“BOPD”) net near the midpoint … Read moreVAALCO Energy, Inc. Announces Second Quarter 2019 Results

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Berry Petroleum Reports Second Quarter 2019 Results; Announces Quarterly Dividend

August 07, 2019  | Source: Berry Petroleum Company, LLC DALLAS, Aug. 07, 2019 (GLOBE NEWSWIRE) — Berry Petroleum Corporation (NASDAQ: BRY) (“Berry” or the “Company”) today reported net income of $32 million or $0.39 per diluted share and adjusted net income of $20 million or $0.25 per diluted share for the second quarter of 2019. In … Read moreBerry Petroleum Reports Second Quarter 2019 Results; Announces Quarterly Dividend

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Targa Resources Corp. Reports Second Quarter 2019 Financial Results and Announces Grand Prix NGL Pipeline is Fully In-Service to Mont Belvieu

Targa Resources

August 08, 2019  | Source: Targa Resources Corp. HOUSTON, Aug. 08, 2019 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported second quarter 2019 results. Second Quarter 2019 Financial Results Second quarter 2019 net income (loss) attributable to Targa Resources Corp. was ($10.2) million compared to $109.1 million for the second … Read moreTarga Resources Corp. Reports Second Quarter 2019 Financial Results and Announces Grand Prix NGL Pipeline is Fully In-Service to Mont Belvieu

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Infrastructure and Energy Alternatives, Inc. Announces Second Quarter 2019 Results and Reschedules Earnings Conference Call

August 08, 2019  | Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, Aug. 08, 2019 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced that it is postponing its earnings call until Tuesday August 13, 2019. The purpose … Read moreInfrastructure and Energy Alternatives, Inc. Announces Second Quarter 2019 Results and Reschedules Earnings Conference Call

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Sanchez Midstream Partners Reports Second-Quarter 2019 Financial Results; Suspends Cash Distributions

August 08, 2019 | Source: Sanchez Midstream Partners LP HOUSTON, Aug. 08, 2019 (GLOBE NEWSWIRE) — Sanchez Midstream Partners LP (NYSE American: SNMP) (“SNMP” or the “Partnership”) today reported second-quarter 2019 results. Highlights from the report include: Second-quarter 2019 net income of $3.9 million, compared to a net loss of $0.4 million for first-quarter 2019 and … Read moreSanchez Midstream Partners Reports Second-Quarter 2019 Financial Results; Suspends Cash Distributions

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U.S. natgas futures fall to near 3-yr low as oil prices plunge

Natural Gas

August 7, 2019 Reuters U.S. natural gas futures for Wednesday slipped close to a 38-month low with a 5% drop in crude prices and forecasts for less gas demand next week than previously expected. The move lower came despite a decline in production and forecasts that power demand in Texas would rise to a record … Read moreU.S. natgas futures fall to near 3-yr low as oil prices plunge

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Five Things to Know in World Business Today

World Business

By Laura Curtis Aug 7, 2019 (Bloomberg) Central banks are going easy, another oil bear market, and a milestone for gold. Here are some of the things people in markets are talking about today. Everybody’s doing it Fear over trade and currency wars is prompting monetary action around the globe. New Zealand’s central bank stunned investors and sent the … Read moreFive Things to Know in World Business Today

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Oil Slumps Into Bear Market as Trade Tensions Feed Demand Angst

By Grant Smith and Tsuyoshi Inajima Aug 7, 2019 (Bloomberg) Brent crude declined further after falling into a bear market as concern the U.S.-China trade war will continue to sap demand outweighed an industry report showing American crude stockpiles are still shrinking. Futures slipped to a seven-month low just above $58 a barrel in London, after … Read moreOil Slumps Into Bear Market as Trade Tensions Feed Demand Angst

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U.S. Oil Likely in China’s Cross Hairs as Trade War Deepens

(Bloomberg) China is expected to start avoiding U.S. crude oil imports as trade tensions ratchet up, according to traders and analysts, ensnaring a key commodity that has largely escaped the tit-for-tat trade war. After tensions escalated over the past week, some Chinese buyers will likely begin reducing purchases of oil from the U.S. in anticipation … Read moreU.S. Oil Likely in China’s Cross Hairs as Trade War Deepens

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Latest Permian Driller Earnings Show Shale Play Is Still Booming

By Ryan Collins Aug 6, 2019 (Bloomberg) The latest crop of earnings from Permian Basin drillers shows how production continues to boom in America’s hottest oil patch. On Tuesday, Devon Energy Corp., Diamondback Energy Inc. and Parsley Energy Inc. boosted their projected output for this year while signaling they may spend a little less than … Read moreLatest Permian Driller Earnings Show Shale Play Is Still Booming

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Deal in the Works? PDC Energy Is Said to Be in Talks to Merge With Rival SRC Energy

By Ed Hammond Aug 6, 2019 (Bloomberg) PDC Energy Inc. is in talks to combine with rival explorer SRC Energy Inc., in a potential deal that would create a larger oil and gas player in Colorado, according to people familiar with the matter.The companies, which are both active drillers in Colorado’s Denver-Julesburg Basin, are in … Read moreDeal in the Works? PDC Energy Is Said to Be in Talks to Merge With Rival SRC Energy

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Big Oil Targeted by 2020 Democrats Eager to Demonize Industry

By Ari Natter Aug 7, 2019 (Bloomberg) Bernie Sanders says the industry is a criminal enterprise. Joe Biden is vowing to take action against it. Other candidates are competing to say who will wean America from its products the soonest. The fossil fuel industry is squarely in the cross hairs of Democrats running for the … Read moreBig Oil Targeted by 2020 Democrats Eager to Demonize Industry

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Top Oil Trader Sees Demand Growth Slowing Amid U.S.-China Fracas

Drilling Rig pipes

By Verity Ratcliffe and Manus Cranny Aug 7, 2019 (Bloomberg) Growth in global oil demand is slowing and won’t exceed 650,000 barrels a day this year before picking up pace up in 2020, according to Vitol Group’s chief executive officer.Oil markets are focused on the U.S.-China trade war while “slightly under-pricing” the risk of possible … Read moreTop Oil Trader Sees Demand Growth Slowing Amid U.S.-China Fracas

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Halcón Resources Files for Court Approval of Prepackaged Plan of Reorganization

August 07, 2019 | Source: Halcon Resources Corporation HOUSTON, TEXAS, Aug. 07, 2019 (GLOBE NEWSWIRE) — Halcón Resources Corporation (OTC PINK: HKRS) (“Halcón” or the “Company”) and its subsidiaries today announced that they filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas … Read moreHalcón Resources Files for Court Approval of Prepackaged Plan of Reorganization

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Denbury Resources Reports Second Quarter 2019 Results, Achieves Record Production Volumes at Bell Creek

August 07, 2019  | Source: Denbury Resources Inc. PLANO, Texas, Aug. 07, 2019 (GLOBE NEWSWIRE) — Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced net income of $147 million, or $0.32 per diluted share, for the second quarter of 2019.  Adjusted net income(1) (a non-GAAP measure) was $59 million, or $0.13(1)(2) per diluted share, with … Read moreDenbury Resources Reports Second Quarter 2019 Results, Achieves Record Production Volumes at Bell Creek

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QEP Resources Reports Second Quarter 2019 Financial and Operating Results

Board Concludes Strategic Alternatives Review Process August 07, 2019 | Source: QEP Resources, Inc. DENVER, Aug. 07, 2019 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE:QEP) (QEP or the Company) today reported second quarter 2019 financial and operating results and announced the outcome of its strategic alternatives review process. HIGHLIGHTS QEP’s Board of Directors concluded formal strategic alternatives … Read moreQEP Resources Reports Second Quarter 2019 Financial and Operating Results

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Comstock Resources, Inc. Reports Second Quarter 2019 Financials and Operating Results

August 07, 2019 | Source: Comstock Resources, Inc. Frisco, TX, Aug. 07, 2019 (GLOBE NEWSWIRE) — COMSTOCK RESOURCES, INC. REPORTS SECOND QUARTER 2019 FINANCIAL AND OPERATING RESULTS FRISCO, TEXAS, August 7, 2019 – Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the second quarter of 2019.  On August 14, 2018, the … Read moreComstock Resources, Inc. Reports Second Quarter 2019 Financials and Operating Results

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Profire Energy Announces the Acquisition of Midflow Services, LLC

Purchase Enhances PFIE’s Burner Management System Solutions and Adds to Industry Expertise August 06, 2019 | Source: Profire Energy, Inc. LINDON, Utah, Aug. 06, 2019 (GLOBE NEWSWIRE) — Profire Energy, Inc. (NASDAQ: PFIE), a technology company (“Profire Energy” or the “Company”), which creates, installs and services burner and chemical management solutions in the oil and gas industry, … Read moreProfire Energy Announces the Acquisition of Midflow Services, LLC

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DCP Midstream Reports Second Quarter Results and Highlights New Capital Efficient Projects in the DJ Basin and on Southern Hills

August 06, 2019 | Source: DCP Midstream LP DENVER, Aug. 06, 2019 (GLOBE NEWSWIRE) — Today, DCP Midstream, LP (NYSE: DCP), or DCP, reported its financial results for the three and six months ended June 30, 2019. HIGHLIGHTS Reported net income attributable to partners of $119 million and $194 million for the three and six months ended … Read moreDCP Midstream Reports Second Quarter Results and Highlights New Capital Efficient Projects in the DJ Basin and on Southern Hills

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U.S. Well Services Announces Second Quarter 2019 Financial and Operational Results

August 06, 2019  | Source: U.S. Well Services, Inc. HOUSTON, Aug. 06, 2019 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (the “Company”, “U.S. Well Services” or “we”) (NASDAQ: USWS) today reported second quarter 2019 financial and operational results. Second Quarter 2019 Highlights Deployed two new electric fleets in April and June, respectively, bringing total fleets to … Read moreU.S. Well Services Announces Second Quarter 2019 Financial and Operational Results

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Diamondback Energy, Inc. Announces Second Quarter 2019 Financial and Operating Results

August 06, 2019| Source: Diamondback Energy, Inc MIDLAND, Texas, Aug. 06, 2019 (GLOBE NEWSWIRE) — Midland, TX (August 6, 2019) – Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the second quarter ended June 30, 2019. HIGHLIGHTS Q2 2019 net income of $349 million, or $2.11 per diluted share; adjusted … Read moreDiamondback Energy, Inc. Announces Second Quarter 2019 Financial and Operating Results

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Hi-Crush Inc. Reports Second Quarter 2019 Results

August 06, 2019| Source: Hi-Crush Inc. Revenues of $178.0 million in 2Q 2019 vs. $159.9 million in 1Q 2019 Loss of $(1.16) per share in 2Q 2019, or $(0.02) per share excluding non-cash charge for deferred taxes related to the Conversion, completed on May 31, 2019, vs. $(0.06) per share in 1Q 2019 Achieved 2Q 2019 … Read moreHi-Crush Inc. Reports Second Quarter 2019 Results

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Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Reports Second Quarter 2019 Financial and Operating Results

August 06, 2019  | Source: Rattler Midstream LP MIDLAND, Texas, Aug. 06, 2019 (GLOBE NEWSWIRE) — Rattler Midstream LP (NASDAQ: RTLR) (“Rattler” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today announced financial and operating results for the second quarter ended June 30, 2019. HIGHLIGHTS Q2 2019 consolidated net income (including non-controlling interest) … Read moreRattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Reports Second Quarter 2019 Financial and Operating Results

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U.S. natgas output, demand seen rising to record highs in 2019

Natural Gas

U.S. dry natural gas production will rise to an all-time high of 91.03 billion cubic feet per day (bcfd) in 2019, breaking last year’s record of 83.39 bcfd, the Energy Information Administration said in its Short Term Energy Outlook (STEO) on Tuesday. The latest output projection for 2019 was down from EIA’s 91.35 bcfd forecast … Read moreU.S. natgas output, demand seen rising to record highs in 2019

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U.S. crude output in 2019 slightly below previous forecast – EIA

U.S. oil output is expected to rise 1.28 million barrels per day to 12.27 million bpd this year, the U.S. Energy Information Administration said in a monthly report, slightly lowering its annual growth forecast from 1.40 bpd last month. The agency increased its forecast for production growth in 2020 to 990,000 bpd from 900,000 bpd … Read moreU.S. crude output in 2019 slightly below previous forecast – EIA

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Occidental (OXY) Begins Bond Sale to Fund Anadarko (APC) Deal

By Caleb Mutua Aug 6, 2019 (Bloomberg) Occidental Petroleum Corp. is selling $13 billion of debt to help finance itsacquisition of Anadarko Petroleum Corp. after receiving over $75 billion in orders for the deal at the peak, according to people familiar with the matter.It’s the biggest demand for a debt sale since Saudi Arabia’s Aramco received … Read moreOccidental (OXY) Begins Bond Sale to Fund Anadarko (APC) Deal

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Aug 6, 2019 (Bloomberg) China manipulates currency, more negative-yielding bonds, and Venezuela hit with new sanctions. Here are some of the things people in markets are talking about today. Halting slide Chinese authorities reacted to the Treasury Department’s currency manipulator tag by halting the decline of its currency overnight. The People’s Bank of China set … Read moreFive Things to Know in World Business Today

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Market Plunge Wipes Out Solar’s Biggest Rally in Four Months

By Christopher Martin Aug 5, 2019 (Bloomberg) Last week, solar stocks capped their biggest rally in four months, bolstered by bullish earnings reports from U.S. equipment manufacturers Enphase Energy Inc. and SunPower Corp. On Monday, those gains were largely gone — wiped out by an escalating trade war between U.S. and China that has American … Read moreMarket Plunge Wipes Out Solar’s Biggest Rally in Four Months

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Trump Imposes New Curbs on Venezuela in Bid to Pressure Maduro

By Justin Sink  Aug 5, 2019 (Bloomberg) President Donald Trump imposed further sanctions on Venezuela, freezing the government’s assets in the U.S. and adding immigration restrictions in a move aimed at stepping up pressure on the regime of Nicolas Maduro.Property belonging to the Venezuelan government “may not be transferred, paid, exported, withdrawn, or otherwise dealt … Read moreTrump Imposes New Curbs on Venezuela in Bid to Pressure Maduro

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Williams Cos. and GIP Are Said to Weigh Bid for Noble Midstream

By Kiel Porter, Gillian Tan and Rachel Adams-Heard Aug 6, 2019 The Williams Companies Inc. is working with investment firm Global Infrastructure Partners on a possible offer for Noble Energy Inc.’s midstream unit, according to people with knowledge of the matter. The two firms are among groups that are in talks to take Noble Midstream … Read moreWilliams Cos. and GIP Are Said to Weigh Bid for Noble Midstream

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Oil Steadies as China’s Yuan Fix Alleviates Trade War Tensions

By Tsuyoshi Inajima and Grant Smith  Aug 6, 2019 (Bloomberg) Oil steadied as China moved to stabilize the yuan’s slide, cooling some concerns about an escalation in the standoff with the U.S., which labeled the Asian nation a currency manipulator. Futures added as much as 1.3% in New York as the People’s Bank of China on Tuesday … Read moreOil Steadies as China’s Yuan Fix Alleviates Trade War Tensions

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Infrastructure and Energy Alternatives, Inc. Announces $98 Million Wind Construction Project in Nebraska

August 06, 2019  | Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, Aug. 06, 2019 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced a new wind energy project award valued at approximately $98 million. The award is … Read moreInfrastructure and Energy Alternatives, Inc. Announces $98 Million Wind Construction Project in Nebraska

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Amplify Energy Announces Second Quarter 2019 Results and Midstates Merger Update

August 05, 2019 | Source: Amplify Energy Corp. HOUSTON, Aug. 05, 2019 (GLOBE NEWSWIRE) — Amplify Energy Corp. (OTCQX: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the second quarter 2019. Key Transaction Highlights and Events On August 2, 2019, Amplify’s and Midstates Petroleum Company, Inc.’s (“Midstates”) (NYSE: MPO) respective shareholders … Read moreAmplify Energy Announces Second Quarter 2019 Results and Midstates Merger Update

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Centennial Resource Development Announces Second Quarter 2019 Financial and Operational Results and Increases 2019 Production Targets While Lowering Cost Guidance

August 05, 2019 | Source: Centennial Resource Development DENVER, Aug. 05, 2019 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced financial and operational results for the second quarter 2019. Financial and Operational Highlights: Reported 38 percent increase in daily oil and 32 percent increase in equivalent production volumes year-over-year … Read moreCentennial Resource Development Announces Second Quarter 2019 Financial and Operational Results and Increases 2019 Production Targets While Lowering Cost Guidance

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HighPoint Resources Reports Second Quarter 2019 Financial and Operating Results

August 05, 2019  | Source: HighPoint Resources Corporation Reported production sales volume increased 18% over the second quarter of 2018 to 2.84 million barrels of oil equivalent (“MMBoe”) Oil production sales volume increased 16% over the second quarter of 2018 to 1.75 million barrels of oil (“MMBbls”), represents approximately 62% of total reported production sales volumes … Read moreHighPoint Resources Reports Second Quarter 2019 Financial and Operating Results

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RigNet Announces Second Quarter 2019 Earnings Results

August 05, 2019 | Source: RigNet, Inc. HOUSTON, Aug. 05, 2019 (GLOBE NEWSWIRE) — RigNet, Inc. (NASDAQ: RNET, the “Company”), the leading provider of ultra-secure, intelligent networking solutions and specialized applications, announced today its results for the quarter ended June 30, 2019. Increased quarterly revenue 4.9% to $60.3 million compared to the prior quarter Net loss of … Read moreRigNet Announces Second Quarter 2019 Earnings Results

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Frank’s International N.V. Announces Second Quarter 2019 Results

Strong Fundamentals Drive Solid Top and Bottom Line Improvement August 06, 2019  | Source: Frank’s International N.V. HOUSTON, Aug. 06, 2019 (GLOBE NEWSWIRE) — Frank’s International N.V. (NYSE: FI) (the “Company” or “Frank’s”) today reported financial and operational results for the three and six months ended June 30, 2019. Second Quarter 2019 Financial Highlights Revenue for … Read moreFrank’s International N.V. Announces Second Quarter 2019 Results

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Natural Gas Nears $2 Amid Work on Largest U.S. Export Terminal

Natural Gas

By Naureen S. Malik Aug 5, 2019 (Bloomberg) Natural gas futures slid toward $2 per million British thermal units, a level that hasn’t been breached in three years, as fading summer heat and maintenance on the largest U.S. export terminal leave the market struggling to absorb a barrage of supply from shale basins.Temperatures may be … Read moreNatural Gas Nears $2 Amid Work on Largest U.S. Export Terminal

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Five Things to Know in World Business Today

World Business

By Laura Curtis Aug 5, 2019 (Bloomberg)An ugly sell-off to start the week, another trade war escalation, and Berkshire Hathaway has loads of cash. Here are some of the things people in markets are talking about today. Miserable start Financial markets were roiled Monday by yet another escalation of the U.S.-China trade war. Amid the tumult the … Read moreFive Things to Know in World Business Today

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Oil Needs to Fall Below $20 to Compete in Green Transport Future

By Mathew Carr Aug 5, 2019, 3:40 AM (Bloomberg) For the same investment, new wind and solar energy projects combined with battery-powered electric vehicles will eventually produce as much as seven times more useful energy than gasoline cars with oil priced near current levels, according to BNP Paribas SA. Oil will have fall to $9-$10 … Read moreOil Needs to Fall Below $20 to Compete in Green Transport Future

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Oil Resumes Drop as Demand Fears Overshadow Iran Tanker Seizure

By Tsuyoshi Inajima and Alex Longley (Bloomberg) Oil resumed its decline as a sharp drop in the Chinese yuan compounded fears that a deepening trade war will depress demand.Futures lost as much as 1.8% in New York. The yuan weakened beyond 7 a dollar for the first time in more than a decade after U.S. … Read moreOil Resumes Drop as Demand Fears Overshadow Iran Tanker Seizure

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A Deluge of Batteries Is About to Rewire the Power Grid

Tesla Batteries

By David Stringer Aug 4, 2019, 6:41 PM (Bloomberg Markets) It’s just a marketing gimmick. But it casts a spell. A pale orange-and-gold sunset bathes the macadamia plantations and avocado orchards that sweep down to Australia’s Byron Bay. The coming dusk is a cue for two sleek Tesla battery packs in the garage at Amileka, … Read moreA Deluge of Batteries Is About to Rewire the Power Grid

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Electric Vehicles Are Still Waiting for Hollywood’s Casting Call

Electric-Cars

By Kyle Lahucik Aug 5, 2019 (Bloomberg) Ever since James Dean reveled in teen angst in his Mercury coupe in the 1955 classic “Rebel Without a Cause,” cars have been pumping exhaust into pop culture. A decade later it was Steve McQueen losing hubcaps in a Bullitt Mustang, then Burt Reynolds burst into box office lore … Read moreElectric Vehicles Are Still Waiting for Hollywood’s Casting Call

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Delek Logistics Partners, LP Reports Second Quarter 2019 Results

August 05, 2019  Source: Delek Logistics Partners, L.P. Declared second quarter distribution of $0.85 per limited partner unit; increased by 10.4% percent year-over-year Second quarter net cash from operations was $24.1 million Distributable cash flow coverage ratio of 1.08x for the second quarter 2019 Acquired 33% Interest in Red River pipeline joint venture acquisition in May … Read moreDelek Logistics Partners, LP Reports Second Quarter 2019 Results

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Amplify Energy Announces Second Quarter 2019 Results and Midstates Merger Update

August 05, 2019 | Source: Amplify Energy Corp. HOUSTON, Aug. 05, 2019 (GLOBE NEWSWIRE) — Amplify Energy Corp. (OTCQX: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the second quarter 2019. Key Transaction Highlights and Events On August 2, 2019, Amplify’s and Midstates Petroleum Company, Inc.’s (“Midstates”) (NYSE: MPO) respective shareholders approved … Read moreAmplify Energy Announces Second Quarter 2019 Results and Midstates Merger Update

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Big Oil’s Big Bet on Natural Gas Has Been a Big Headache

Natural Gas

By Rachel Adams-Heard (Bloomberg) The world’s biggest oil companies have been steadily shifting investments toward natural gas, driven by an emerging globally traded market and environmental concerns. But right now they’re taking a hit as prices tank.Supermajor energy producers — Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., Total SA and BP Plc — … Read moreBig Oil’s Big Bet on Natural Gas Has Been a Big Headache

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Stumble of One-Time Shale Patch Darling Casts Cloud Over Permian

By Rachel Adams-Heard Aug 2, 2019 (Bloomberg) One of the largest oil drillers in America’s most prolific shale field is being forced to slow down, casting a dark cloud over an industry already struggling to win back investors. Concho Resources Inc., which Evercore ISI calls the bellwether of shale, plunged on Thursday after scaling back … Read moreStumble of One-Time Shale Patch Darling Casts Cloud Over Permian

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U.S. Oil Giants Exxon, Chevron Get Boost From Tax Cut in Canada

Exxon Mobil

By Kevin Orland (Bloomberg) U.S. oil giants Exxon Mobil Corp. and Chevron Corp. got a little help from their neighbor to the north last quarter.A corporate tax rate cut in the oil-rich province of Alberta, where both companies have operations, boosted Exxon’s second-quarter profit by almost $500 million, according to a statement Friday. Chevron noted a $180 … Read moreU.S. Oil Giants Exxon, Chevron Get Boost From Tax Cut in Canada

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Saudi Arabia Is Steering Ever More Oil to China, Draining U.S.

By Brian Wingfield  Aug 2, 2019 Signals from oil tankers last month suggest that Saudi Arabia is sending an ever-larger portion of its crude to China — with the U.S. losing out. Saudi Arabia’s observed exports to China soared to 1.74 million barrels a day in July, the highest since Bloomberg began tracking the tanker … Read moreSaudi Arabia Is Steering Ever More Oil to China, Draining U.S.

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Halcón Enters into Restructuring Support Agreement with Unsecured Noteholders

Noteholders Have Also Agreed to Backstop $150 MM of a $165 MM Rights Offering for Common Stock August 02, 2019 | Source: Halcon Resources Corporation HOUSTON, Aug. 02, 2019 (GLOBE NEWSWIRE) — Halcón Resources Corporation (OTC PINK: HKRS) (“Halcón” or the “Company”) today announced the Company has entered into a Restructuring Support Agreement (the “RSA”) with certain … Read moreHalcón Enters into Restructuring Support Agreement with Unsecured Noteholders

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ExxonMobil Earns $3.1 Billion in Second Quarter 2019

August 2, 2019 Upstream liquids production grows by 8 percent from a year earlier, driven by the Permian Basin Guyana resource estimate increases to over 6 billion oil-equivalent barrels; Liza Phase 1 nears startup U.S. Gulf Coast steam cracker exceeds design capacity by 10 percent, less than a year after startup August 02, 2019 07:30 … Read moreExxonMobil Earns $3.1 Billion in Second Quarter 2019

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U.S. oil drillers cut rigs for fifth week in a row -Baker Hughes

August 2, 2019 U.S. energy firms this week reduced the number of oil rigs operating for a fifth week in a row as most independent producers cut spending even though majors were still pushing ahead with investments in new drilling. Drillers cut six oil rigs in the week to Aug. 2, bringing the total count … Read moreU.S. oil drillers cut rigs for fifth week in a row -Baker Hughes

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Aug 2, 2019 (Bloomberg) Trump’s trade bomb, it’s jobs day and Johnson’s tiny majority just got smaller. Here are some of the things people in markets are talking about today. Mr. 10% We need to start today’s missive with an apology. Yesterday we may have given the impression that the trade war … Read moreFive Things to Know in World Business Today

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Biden Clarifies Fossil-Fuel Policy After Debate: Campaign Update

By Ari Natter Aug 1, 2019 (Bloomberg)Democratic presidential front-runner Joe Biden clarified his stance on fossil fuels a day after he seemed to indicate during the presidential debate that he would phase out the use of coal and the drilling technique known as fracking if elected. Asked at the debate whether fossil fuels, including coal, and … Read moreBiden Clarifies Fossil-Fuel Policy After Debate: Campaign Update

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Oil Set for Weekly Loss After 8% Slump on U.S.-China Trade War

By Heesu Lee and Grant Smith  Aug 2, 2019, 6:52 AM (BloombergOil is set for a weekly loss after the steepest one-day drop in more than four years as U.S. President Donald Trump abruptly escalated the trade war with China, deepening concerns over slowing growth. While futures in New York rebounded on Friday, prices are … Read moreOil Set for Weekly Loss After 8% Slump on U.S.-China Trade War

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U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them.

By Robert Tuttle  Aug 2, 2019 (Bloomberg) U.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them.Companies are adding space to their congested oil export pipelines from Canada even as plans for bigger expansions and new lines face delays. TC Energy Corp. will offer as much as 50,000 … Read moreU.S. refiners want more Canadian oil, and pipeline companies are finding ways to get it to them.

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Tesla’s Stagnant Energy Unit Is Said to Shuffle Executive Ranks

Tesla Solar Panels

By Dana Hull Aug 2, 2019 (Bloomberg) Tesla Inc.’s energy business is shaking up management ranks nearly three years into Chief Executive Officer Elon Musk’s thus far dubious bet on solar, according to people familiar with the matter.Kunal Girotra, who joined Tesla in August 2015 as a senior product manager for its home battery product … Read moreTesla’s Stagnant Energy Unit Is Said to Shuffle Executive Ranks

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Oil Has a Millennial Problem as Talent Pipeline Trickles

By Eddie Spence Aug 2, 2019 Oil companies have a problem, and his name is Robert Paver. This 22-year-old graduate, along with his fellow students of earth sciences at the University of Oxford, should be natural recruits for an industry that has a long and lucrative history in the U.K. But instead of contemplating a … Read moreOil Has a Millennial Problem as Talent Pipeline Trickles

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RigNet Signs Multiple Long-Term Strategic Agreements with Transocean

August 01, 2019 08:05 ET | Source: RigNet, Inc. HOUSTON, Aug. 01, 2019 (GLOBE NEWSWIRE) — RigNet (NASDAQ: RNET, the company), the leading provider of ultra-secure, intelligent networking solutions, announced today that it has signed two multi-year agreements with Transocean, one of the world’s largest offshore drilling contractors. RigNet is providing rig analytic applications through Intelie Live, … Read moreRigNet Signs Multiple Long-Term Strategic Agreements with Transocean

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Gulfport Energy Corporation Reports Second Quarter 2019 Financial and Operating Results

August 01, 2019 | Source: Gulfport Energy Corporation OKLAHOMA CITY, Aug. 01, 2019 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) today reported financial and operational results for the three-months and six-months ended June 30, 2019 and provided an update on its 2019 activities.  Key information includes the following: Net production averaged 1,359.0 … Read moreGulfport Energy Corporation Reports Second Quarter 2019 Financial and Operating Results

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Extraction Oil & Gas, Inc. Announces Second-Quarter 2019 Results

August 01, 2019 | Source: Extraction Oil & Gas, Inc. DENVER, Aug. 01, 2019 (GLOBE NEWSWIRE) — Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction” or the “Company”) today reported financial and operational results for the second quarter of 2019. Second-Quarter 2019 Highlights Average net sales volumes of 82,856 barrels of oil equivalent per day (BOE/d), including 40,113 … Read moreExtraction Oil & Gas, Inc. Announces Second-Quarter 2019 Results

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Mammoth Energy Services, Inc. Announces Second Quarter 2019 Operational and Financial Results

August 01, 2019 16:05 ET | Source: Mammoth Energy Services, Inc. Second Quarter net loss of $11 million, or $0.24 per diluted share Second Quarter Adjusted EBITDA of $9 million Suspended dividend due to oilfield service market conditions 2019 capital budget decreased 49% from $80 million to $41 million OKLAHOMA CITY, Aug. 01, 2019 (GLOBE NEWSWIRE) — Mammoth … Read moreMammoth Energy Services, Inc. Announces Second Quarter 2019 Operational and Financial Results

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Buckeye Partners, L.P. Reports Second Quarter 2019 Financial Results

Announces Cash Distribution August 01, 2019 | Source: Buckeye Partners L.P. HOUSTON, Aug. 01, 2019 (GLOBE NEWSWIRE) — Buckeye Partners, L.P. (“Buckeye”) (NYSE: BPL) today reported its financial results for the second quarter of 2019.  Net income attributable to Buckeye was $90.0 million for the second quarter of 2019 compared to $91.9 million for the second quarter of … Read moreBuckeye Partners, L.P. Reports Second Quarter 2019 Financial Results

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Shell Midstream Partners, L.P. 2nd Quarter 2019 Unaudited Results

August 01, 2019  | Source: Shell Midstream Partners, L.P. Houston, Aug. 01, 2019 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P. (NYSE: SHLX), a growth-oriented master limited partnership formed by Royal Dutch Shell plc (“RDS”), reported net income attributable to the partnership of $115 million for the second quarter of 2019, which equated to $0.38 per common … Read moreShell Midstream Partners, L.P. 2nd Quarter 2019 Unaudited Results

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1 dead, 5 injured, 7 missing in Kentucky pipeline explosion

JUNCTION CITY, Ky. — A regional gas pipeline ruptured early Thursday in Kentucky, causing a massive explosion that killed one person, hospitalized five others, destroyed railroad tracks and forced the evacuation of a nearby mobile home park, authorities said. Some structures were completely consumed by the blaze, and five to seven people were unaccounted for … Read more1 dead, 5 injured, 7 missing in Kentucky pipeline explosion

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Fire at Texas Exxon Mobil refinery slightly injures 37

HOUSTON — An explosion and fire at an Exxon Mobil oil refinery in Texas on Wednesday left 37 people with minor injuries, in the latest of a series of petrochemical industry blazes this year in the Houston area. The fire began after an explosion at approximately 11:07 a.m. at an Exxon Mobil plant in Baytown, … Read moreFire at Texas Exxon Mobil refinery slightly injures 37

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Five Things to Know in World Business Today

World Business

By Laura Curtis Aug 1, 2019 (Bloomberg) The Fed dust has settled, trade wars and/or talks to resume in September, and more corporate earnings. Here are some of the things people in markets are talking about today. Trump’s all (mad) about the Fed. Chairman Jerome Powell managed to give markets a thrill even though the quarter point cut he delivered … Read moreFive Things to Know in World Business Today

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Keystone XL Inches Forward as Order Blocking Work Is Lifted

Keystone xl pipeline

By Kevin Orland  Aug 1, 2019 (Bloomberg) TC Energy Corp.’s $8 billion Keystone XL crude oil pipeline is inching forward after a court injunction that stopped work on the project was been lifted.An order issued by a Montana judge barring certain pre-construction activities was dissolved on Monday, according to the Canadian company. That followed a … Read moreKeystone XL Inches Forward as Order Blocking Work Is Lifted

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Oil Tankers Perform Vanishing Act in Hormuz as Tensions Escalate

Crude Oil Shipments In The Persian Gulf

By Brian Wingfield and Julian Lee Jul 31, 2019, 10:12 AM – Updated on Jul 31, 2019, 5:01 PM Word Count: 663 (Bloomberg) —Oil tanker owners are finding a way to reduce the risks of navigating the Strait of Hormuz, the world’s most important — and lately most dangerous — energy chokepoint: vanish from global tracking … Read moreOil Tankers Perform Vanishing Act in Hormuz as Tensions Escalate

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Turbines Tossed Into Dump Stirs Debate on Wind’s Dirty Downside

By Christopher Martin Aug 1, 2019 (Bloomberg) Wind turbines may be carbon-free, but they’re not recyclable. A photograph of dozens of giant turbine blades dumped into a Wyoming landfill touched off a debate Wednesday on Twitter about wind power’s environmental drawbacks. The argument may be only beginning. Fiberglass turbine blades — which in some cases … Read moreTurbines Tossed Into Dump Stirs Debate on Wind’s Dirty Downside

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SRC Energy Inc. Reports Second Quarter 2019 Financial Results

July 31, 2019 | Source: SRC Energy Inc. DENVER, July 31, 2019 (GLOBE NEWSWIRE) — SRC Energy Inc. (NYSE American: SRCI) (“SRC”, the “Company”, “we”, “us” or “our”), a U.S. oil and gas exploration and production company with operations focused on the Wattenberg Field in the Denver-Julesburg Basin, reports its financial results for the three and … Read moreSRC Energy Inc. Reports Second Quarter 2019 Financial Results

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Occidental Announces 2nd Quarter 2019 Results

July 31, 2019 | Source: Occidental HOUSTON, July 31, 2019 (GLOBE NEWSWIRE) — Occidental Petroleum Corporation (NYSE:OXY) today announced its second quarter 2019 results. The announcement and financial schedules can be accessed via the Investor Relations section of the company’s website, oxy.com. The earnings release is also available on the Securities and Exchange Commission’s website at sec.gov. The company will hold a … Read moreOccidental Announces 2nd Quarter 2019 Results

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Laredo Petroleum Announces 2019 Second-Quarter Financial and Operating Results

Increases Oil Production Guidance, Maintains Capital Budget and Expects to Generate $30 Million In Free Cash Flow for Full-Year 2019 July 31, 2019| Source: Laredo Petroleum, Inc. TULSA, OK, July 31, 2019 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”) today announced its 2019 second-quarter results, reporting net income attributable to common stockholders … Read moreLaredo Petroleum Announces 2019 Second-Quarter Financial and Operating Results

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Murphy USA Inc. Reports Second Quarter 2019 Results

July 31, 2019  | Source: Murphy USA Inc. EL DORADO, Ark., July 31, 2019 (GLOBE NEWSWIRE) — Murphy USA Inc. (NYSE: MUSA), a leading marketer of retail motor fuel products and convenience merchandise, today announced financial results for the three and six months ended June 30, 2019. Key Highlights: Net income was $32.7 million, or $1.01 per … Read moreMurphy USA Inc. Reports Second Quarter 2019 Results

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Mid-Con Energy Partners, LP Announces Second Quarter 2019 Operating and Financial Results

July 31, 2019 16:15 ET | Source: Mid-Con Energy Partners, LP TULSA, July 31, 2019 (GLOBE NEWSWIRE) — Mid-Con Energy Partners, LP (NASDAQ: MCEP) (“Mid-Con Energy” or the “Partnership”) announced today its operating and financial results for the second quarter 2019. “The second quarter of 2019 was highlighted by the efforts and success of our operations team … Read moreMid-Con Energy Partners, LP Announces Second Quarter 2019 Operating and Financial Results

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Apache Corporation Announces Second-Quarter 2019 Financial and Operational Results

July 31, 2019 | Source: Apache Corporation HOUSTON, July 31, 2019 (GLOBE NEWSWIRE) — Apache Corporation (NYSE, Nasdaq: APA) today announced second-quarter 2019 financial and operational results on its website at www.apachecorp.com or investor.apachecorp.com as well as on Twitter (@ApacheCorp). There will be a conference call Aug. 1 at 10 a.m. Central time to discuss the results. The conference call will … Read moreApache Corporation Announces Second-Quarter 2019 Financial and Operational Results

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U.S. crude stocks slump 8.5 mln bbls in seventh straight weekly fall – EIA

Oil Storage

July 31, 2019 Reuters U.S. crude oil stockpiles fell for the seventh straight week, falling to their lowest levels since November even as production rebounded and net imports increased, the Energy Information Administration said on Wednesday.Crude inventories fell 8.5 million barrels in the week ended July 26, far exceeding analysts’ expectations for a decrease of 2.6 … Read moreU.S. crude stocks slump 8.5 mln bbls in seventh straight weekly fall – EIA

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Oil Slides on Tempered Rate Expectations

by  Bloomberg Heesu Lee | Thursday, August 01, 2019 Oil retreated from a two-week high as the Federal Reserve dimmed hopes for more U.S. interest rate cuts. (Bloomberg) — Oil retreated from a two-week high as the Federal Reserve dimmed hopes for more U.S. interest rate cuts, countering a seventh weekly decline in American crude … Read moreOil Slides on Tempered Rate Expectations

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Senior American oil and gas producer Whiting Petroleum cuts 254 jobs

July 31, 2019 Reuters Oil and gas producer Whiting Petroleum on Wednesday reported a surprise quarterly loss, announced a 33% job cut and asset sales as a lack of natural gas infrastructure hits prices. Construction of new oil and gas pipelines in the United States has failed to keep pace with output, which has more than … Read moreSenior American oil and gas producer Whiting Petroleum cuts 254 jobs

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U.S. natgas futures jump 4.5% from 3-year low on short covering, roll

Natural Gas

July 31, 20191:37 PM Reuters U.S. natural gas futures rose 4.5% on Wednesday, recovering from a three-year low touched the previous day as investors covered short positions after prices held above technical support and as traders rolled over positions. On its second day as the front month, gas futures for September delivery on the New York … Read moreU.S. natgas futures jump 4.5% from 3-year low on short covering, roll

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Texas shale pioneers struggle to appease investors, compete with majors

July 30, 2019 Reuters Seven years ago, Diamondback Energy Inc went public with a modest parcel of drillable land in the Permian Basin of West Texas. Like dozens of other Permian startups, the firm then pursued a classic wildcatter’s strategy – borrowing to buy up acreage, acquire competitors and quickly boost output in the booming shale … Read moreTexas shale pioneers struggle to appease investors, compete with majors

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American Taste for Green Power Deals Is About to Hit Germany

By Brian Parkin and William Wilkes Jul 30, 2019 (Bloomberg) The American trend toward companies lining up supplies of green electricity directly from wind and solar farms is about to take off in Germany. Encavis AG and Luxcara GmbH, which are two of the biggest developers of renewables in Europe’s largest economy, said Germany is … Read moreAmerican Taste for Green Power Deals Is About to Hit Germany

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Oil Trades Near Two-Week High on Tighter Supply, Mideast Risks

By Heesu Lee and Grant Smith Jul 31, 2019 (Bloomberg) Oil traded near a two-week high in New York amid signs of a further drop in U.S. stockpiles and ongoing concerns that political friction in the Persian Gulf could disrupt exports.Futures rose as much as 1.1%. American crude inventories dropped by 6.02 million barrels last … Read moreOil Trades Near Two-Week High on Tighter Supply, Mideast Risks

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Five Things to Know in World Business Today

World Business

By Laura Curtis Jul 31, 2019 (Bloomberg) A Fed rate cut is basically baked in, trade talks between the U.S. and China are on pause again, and earnings are coming in fast. Here are some of the things people in markets are talking about today. All eyes on the Fed. Again Policy makers at the Federal Reserve are … Read moreFive Things to Know in World Business Today

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DCP Midstream Announces Expanded DJ Basin Natural Gas Processing Capacity via Capital Efficient Long-Term Offload Agreement

July 30, 2019  | Source: DCP Midstream LP DENVER, July 30, 2019 (GLOBE NEWSWIRE) — Today, DCP Midstream, LP (NYSE: DCP) announced that it has signed a long-term agreement with Western Midstream Partners, LP (NYSE: WES) that will provide DCP with up to 225 million cubic feet per day of incremental processing capacity at Western’s DJ … Read moreDCP Midstream Announces Expanded DJ Basin Natural Gas Processing Capacity via Capital Efficient Long-Term Offload Agreement

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Ultra Petroleum Corp. Announces Commencement of Nasdaq Delisting Proceedings; Common Stock Expected to Begin Trading on the OTC Markets

July 31, 2019  | Source: Ultra Petroleum Corp. ENGLEWOOD, Colo., July 31, 2019 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (NASDAQ: UPL) today announced that The Nasdaq Stock Market (“Nasdaq”) has initiated proceedings to delist the Company’s common stock, effective August 8, 2019, as a result of the Company not regaining compliance … Read moreUltra Petroleum Corp. Announces Commencement of Nasdaq Delisting Proceedings; Common Stock Expected to Begin Trading on the OTC Markets

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Osprey Informatics featured in Hart Energy’s E&P magazine, August 2019 issue

Osprey Logo - December 2018 Update Feature

Companies like Osprey Informatics are delivering intelligent visual monitoring solutions to the oil and gas industry. The Osprey Reach intelligent visual monitoring platform captures video from any number of cameras across a company’s operations. It then analyzes these data with computer vision, a type of AI that automatically detects activity or equipment anomalies from images … Read moreOsprey Informatics featured in Hart Energy’s E&P magazine, August 2019 issue

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Exxon Mobil’s Q2 results expected to sag, spotlighting need for asset sales

July 30, 2019 Reuters Exxon Mobil Corp’s plan to accelerate asset sales, a way of delivering needed cash to finance shareholder returns and major projects, is getting off to a slow start as oil companies pull back on big deals.On Friday, the largest U.S. oil company is expected to report a 79-cents-a-share profit, down from 92 … Read moreExxon Mobil’s Q2 results expected to sag, spotlighting need for asset sales

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Presto GeoSystems

ConocoPhillips Reports Second-Quarter 2019 Results; Delivered Strong Free Cash Flow and Financial Returns; Raised 2019 Planned Share Buybacks

July 30, 2019 Business Wire ConocoPhillips (NYSE: COP) today reported second-quarter 2019 earnings of $1.6 billion, or $1.40 per share, compared with second-quarter 2018 earnings of $1.6 billion, or $1.39 per share. Excluding special items, second-quarter 2019 adjusted earnings were $1.1 billion, or $1.01 per share, compared with second-quarter 2018 adjusted earnings of $1.3 billion, or … Read moreConocoPhillips Reports Second-Quarter 2019 Results; Delivered Strong Free Cash Flow and Financial Returns; Raised 2019 Planned Share Buybacks

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T.A. Cook
Gardner Denver
STEP Energy Services
Presto GeoSystems

U.S. Core Inflation Firms as Fed Gathers for Expected Rate Cut

By Jeff Kearns Jul 30, 2019 The Federal Reserve’s preferred measure ofunderlying U.S. inflation showed signs of rebounding back toward the central bank’s target in June just before a widely anticipated interest-rate cut spurred partly by weak price gains. The core personal consumption expenditures price gauge, which excludes food and energy, climbed 0.2% from the prior … Read moreU.S. Core Inflation Firms as Fed Gathers for Expected Rate Cut

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T.A. Cook
Gardner Denver
STEP Energy Services
Presto GeoSystems

U.S. Refiners to Learn Fate of Biofuel Waiver Bids in Next Month

By Stephen Cunningham  Jul 29, 2019 Some small refiners in the U.S. won’t have much longer to wait to hear if they were exempted from biofuel mandates. The Environmental Protection Agency will start deciding on 2018 waivers in the “next few weeks, month at the most,” EPA Administrator Andrew Wheeler said on Monday at an … Read moreU.S. Refiners to Learn Fate of Biofuel Waiver Bids in Next Month

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Gardner Denver
T.A. Cook
Presto GeoSystems
STEP Energy Services

T. Boone Pickens ETF to Replace Crude Stocks With Renewables

By Rachel Adams-Heard Jul 30, 2019 (Bloomberg) Oil tycoon T. Boone Pickens’ eponymous fund is swapping out one of its crude investment vehicles for renewables, seeing an opportunity in clean energy as fossil fuels get pummeled in the capital markets.BP Capital Fund Advisors LLC plans to revamp an oil-focused exchange-traded fund with a shift to … Read moreT. Boone Pickens ETF to Replace Crude Stocks With Renewables

New SHOWCASE Directory Companies

 

T.A. Cook
Gardner Denver
Presto GeoSystems
STEP Energy Services