By Sybilla Gross Jan 19, 2020 (Bloomberg) Hong Kong’s leaders rebuff a key demand from the protesters, the U.S.-China trade deal is Trump’s impeachment hedge and world leaders in Berlin are working towards a Libyan cease-fire. Here are some of the things people in markets are talking about today. Hong Kong Violence Over the weekend, Hong Kong … Read moreFive Things to Know in World Business Today
By Alex Longley Jan 20, 2020 (Bloomberg) The U.S.-China trade agreement is set to intensify the battle for the world’s most prized oil market. China’s imports of U.S. crude may reach 700,000 barrels a day or more this year, estimates from consultants show. That volume, 50% above the previous monthly record, would have put the U.S. among the … Read moreU.S. Rejoins Battle for Biggest Oil Market With Trade Deal
By Julian Lee Jan 20, 2020 (Bloomberg)Somebody big has got their analysis of the 2020 oil market flat wrong. That’s the bottom line from a comparison of supply-and-demand forecasts provided by OPEC, the International Energy Agency in Paris, and the U.S. Energy Information Administration. The Organization of Petroleum Exporting Countries agreed in December to deepen … Read moreSomebody Big Has Called This Year’s Oil Market Completely Wrong
By Grant Smith and Alex Longley Jan 20, 2020 (Bloomberg) Oil rose to a more than one-week high in London as supply disruptions in Iraq and Libya reignited concerns over the market’s vulnerability to geopolitical risk in key production regions.Brent futures increased to more than $65 a barrel after Libya’s oil production almost ground to a halt as … Read moreOil Advances to One-Week High as Unrest Hits Iraq and Libya
By Ben Holland Jan 20, 2020 (Bloomberg) In a memorable exchange at Davos last year, tech billionaire Michael Dell was explaining how higher taxes on the rich had never done much good anywhere, when he was contradicted. Actually, said Erik Brynjolfsson, a professor at the Massachusetts Institute of Technology, they’d worked pretty well within living memory … Read moreFree Markets Made Davos. Now Governments Are Crashing the Party
100×144 ClearSpan Structure constructed on concrete blocks G&B Portable Fabric Buildings is excited about our continued expansion into the United States. As the company has grown, the additional expansion offers new and innovative solutions for building storage and warehousing in the gulf coast states such as Texas, Louisiana, Mississippi, Alabama, and Florida. G&B; … Read moreContinued Growth in the US for G&B
Many oil and gas executives are concerned that their industry is behind in the race to apply advanced data science — including machine learning and artificial intelligence (AI) — to its most critical problems. This is understandable considering the complexity of the sector’s challenges. First, the cost of failure for oil and gas is significant, … Read moreBest Practices in Advanced Data Science: Lessons for the Oil and Gas Industry – L.E.K.
By Liam Denning (Bloomberg Opinion) This is a big year for the U.S. oil and gas industry. If the past five have constituted a reckoning with the old frack-it-till-you-make-it model, then this one is where we find out if the reckoning stuck.The new mantra espoused by many energy companies is that returns are king. They are. The chart below, which … Read moreOpinion: Small Oil and Gas Companies Must Consolidate, Shed Costs: Liam Denning
Jan 17, 2020 (Bloomberg) Democratic presidential candidate Elizabeth Warren is calling on former U.S. Energy Secretary Rick Perry to step down from the board of the general partner that controls Dallas-based pipeline giant Energy Transfer LP.In a letter dated Jan. 16, Warren said Perry’s decision to join the board is “unethical” because Energy Transfer lobbied the Department of … Read moreWarren Calls On Rick Perry To Step Down From Energy Transfer Board
By Allison McNeely and Katherine Doherty Jan 17, 2020 (Bloomberg) McDermott International Inc. is preparing to file for bankruptcy as soon as next week to address its more than $4 billion debt load, according to people with knowledge of the matter.The Houston-based company, which builds oil platforms and gas-export plants for energy producers, is negotiating a … Read moreMcDermott Is Said to Prepare for Bankruptcy as Soon as Next Week
Jan 17 (Reuters) – U.S. energy firms this week added oil rigs for the first time in four weeks even as the pace of growth in record crude output is expected to slow. Companies added 14 oil rigs in the week to Jan. 17, bringing the total count to 673, energy services firm Baker Hughes … Read moreU.S. drillers add oil rigs for first week in four – Baker Hughes
By Rachel Adams-Heard, Naureen S. Malik and Sayer Devlin (Bloomberg) One chilly day in October, President Donald Trump boarded Air Force One and flew to Pennsylvania to hail one of the state’s most important industries — not coal, but natural gas. Trump spoke at an industry event of the “astonishing increase” in shale gas production. The Appalachian region … Read moreAmerica Is Awash With Natural Gas and It’s About to Get Worse
By Nathaniel Bullard Jan 17, 2020 (Bloomberg Opinion) A quick reader’s note on some exciting news: Starting next week, Sparklines becomes part of a new daily climate newsletter from Bloomberg. You’ll get the latest on critical scientific, financial and technological developments all week long, including Sparklines every Thursday. You can unsubscribe at any point or modify your email preferences on … Read moreBlackRock’s New Morality Marks the End for Coal: Nathaniel Bullard
By Liam Denning (Bloomberg Opinion) —I’m used to getting emails touting some startup’s plan for world domination. So when I got one from the CEO of a wind-energy firm with the subject line “Heading for the cliff,” I actually read it. It helped I had spoken already with Jereme Kent, who founded and runs One Energy Enterprises … Read moreOne Energy: A Wind Power Pioneer’s Hard Startup Funding Lesson – Liam Denning
By Sheela Tobben Jan 17, 2020 (Bloomberg) Oil declined for the second week as signs that supplies remain plentiful offset optimism over the signing of the U.S.-China trade agreement.Futures in New York were little changed Friday but ended the week 0.9% lower. Refiners have turned a crude surplus into a product surplus with U.S. gasoline and … Read moreOil Falls for Second Week as Ample Supply Offsets Trade Hopes
By Lorcan Roche Kelly Jan 17, 2020 (Bloomberg) China growth stabilizes, U.S. to sell 20-year bonds, and the EU to examine trade deal. Here are some of the things people in markets are talking about today. Good news There were signs a firmer recovery could be underway in China after GDP data released overnight showed growth stabilized at 6% … Read moreFive Things to Know in World Business Today
By Jeremy Hodges and Akshat Rathi Jan 16, 2020 (Bloomberg) A few renewable energy technologies are bracing for rapid growth, breaking away from stagnation in investment across the whole industry last year. A BloombergNEF report that counted $282.2 billion in funding for clean energy technologies in 2019, up just 1% from the year before, suggested electric … Read moreWind, Storage and EVs Are Racing Ahead While Wider Green Investment Stalls
By Fred Krupp Jan 17, 2020 (Bloomberg Opinion) Everywhere you look, it seems there’s another ad trying to persuade people that natural gas is the key to a clean energy future. The American Petroleum Institute (API) is running a seven-figure campaign touting its climate benefits, despite the fact that natural gas is a fossil fuel with a significant … Read moreCommentary: Methane Rules Are Good for the Energy Industry: Fred Krupp
By Elizabeth Low and Grant Smith Jan 17, 2020 (Bloomberg) Oil was near $59 a barrel in New York after rising the most in almost two weeks as the U.S. and China signed a trade agreement, though remains capped by signs that supplies remain plentiful.Futures gained 0.5%, having increased 1.2% on Thursday as Washington and Beijing’s … Read moreOil Near $59 as Trade Deal Hopes Jostle With Ample Supply
By Natalie Obiko Pearson Jan 16, 2020 (Bloomberg) Prime Minister Justin Trudeau’s bid to complete the Trans Mountain oil pipeline won a major victory Thursday as the nation’s top court rejected an appeal brought by British Columbia aimed at challenging the controversial project. The Supreme Court of Canada has dismissed the case, the court said in … Read moreTrudeau’s Oil Pipeline Wins Legal Battle in Canada’s Top Court
By David Wethe Jan 16, 2020 (Bloomberg) As the U.S. shale boom unfolded, the number of oil wells that were drilled but never opened for production steadily rose. Now, that figure has plunged by a surprising 10% in the newest sign yet of tough times for drillers.A weighty decline in the so-called fracklog is perhaps the … Read moreDecline in ‘Fracklog’ Shows Scale of Pullback by U.S. Shale Drillers
By Sheela Tobben (Bloomberg) U.S. oil output growth could decelerate by more than 50% next year as greater capital discipline cuts drilling rigs in America’s largest shale patch.Production is set to expand by 400,000 barrels a day, the weakest growth since at least 2017, according to the U.S. Energy Information Administration. Output is seen increasing by a little … Read moreShale Discipline Seen Curbing U.S. Oil Output Growth by Over 50%
Show Details HERE Book Your Space SHAPING THE FUTURE OF ENERGY Global Petroleum Show Unites oil and gas industry for a stronger future The 51st running of North America’s Leading Energy Event, the Global Petroleum Show (GPS) highlighted new technologies, innovation and optimism for a strong Canadian energy sector. Over 53,000 members of government, … Read moreWATCH THE VIDEO: BOOK YOUR SPACE NOW! – Global Petroleum Show 2020 – Calgary, Alberta Canada
By Jennifer A. Dlouhy and Ari Natter Jan 16, 2020 (Bloomberg) House Republican lawmakers will huddle over their approach to climate change during a closed-door strategy summit on Thursday, as they face intensifying pressure from younger voters to address the environmental threat. The strategy session is spurred by a growing recognition among some Republican congressional leaders … Read moreRepublicans Plot Climate Strategy Amid Growing Political Risk
By Akshat Rathi and Jeremy Hodges Jan 16, 2020 (Bloomberg) The U.S. renewable energy industry doesn’t seem to take much notice of President Donald Trump’s views on green energy and climate change as investments surged to a record last year. New investments were buoyed by wind and solar companies rushing to qualify for federal tax credits … Read moreEven Under Trump, U.S. Renewable Investment Hit a Record in 2019
By Lorcan Roche Kelly Jan 16, 2020 (Bloomberg) Jury’s out on trade deal, more bank earnings, and oil reaps U.S.-China deal benefit. Here are some of the things people in markets are talking about today. Winners, losers (and doubts) Analysts are welcoming the phase-one trade deal between the U.S. and China that was signed yesterday, while cautioning that … Read moreFive Things You Need to Know to Start Your Day
By Robert Tuttle Jan 15, 2020 (Bloomberg) An arctic blast sweeping across Western Canada is weighing on the price of heavy crude.Temperatures of -30 degrees Celsius (-22 Fahrenheit) and lower have descended on Alberta and Saskatchewan — cold enough to render the region’s viscous oil rock solid. To transport it, producers must blend in more of … Read moreCold Blast Means Lower Prices for Canadian Oil Sands Producers
By Elizabeth Low and Grant Smith Jan 16, 2020 (Bloomberg) Oil traded near its lowest closing level in six weeks as cautious hopes that the U.S.-China trade pact will support demand were offset by signs of ample supply. Futures held near $58 a barrel in New York after settling at the lowest since Dec. 3 on … Read moreOil Near Six-Week Low as Ample Supply Offsets Trade Hopes
Houston, Texas (January 16, 2020) – In early January, STEP Energy Services (STEP) performed its first coiled tubing job in North Dakota for an independent oil producer in the area. The ultra-capacity coiled tubing unit travelled to a four well pad just outside of Watford City in the Bakken formation. The composite plug milling operation was … Read moreSTEP Energy Services Completes Inaugural Coiled Tubing Job in North Dakota
Imagine a future where your computer not only runs 100 times faster, it also uses 1% of the amount of energy, saving time, money and the environment. It might sound like a dream, but an Alberta company has turned it into reality. Quantum Silicon Inc. (QSi) is revolutionizing the way technology is created—harnessing the power … Read moreQuantum Computing: A new generation of computing circuits that are tiny, fast, and cool
By Akshat Rathi and Rachel Adams-Heard Jan 15, 2020 (Bloomberg) Access to cheap natural gas has helped displace coal and cut greenhouse gas emissions. But it’s also incentivized a massive buildout of fossil-fuel infrastructure along the U.S. Gulf Coast that one study says could increase carbon emissions by half a billion metric tons a year.A long … Read moreCheap Natural Gas Could Add 500 Million Tons to U.S. Emissions
By Simon Casey Jan 14, 2020 (Bloomberg) Such is the extent of the shakeout in the U.S. shale industry that Permian Basin oil production is closer to peaking than many forecasts suggest, according to one energy investor.Adam Waterous, who runs Waterous Energy Fund, regards the sector’s financial position as unsustainable after years of disappointing returns for … Read morePeak Permian Oil Output Is Closer Than You Think, Investor Says
January 15, 2020 11:20 ET | Source: Apache Corporation HOUSTON, Jan. 15, 2020 (GLOBE NEWSWIRE) — Apache Corporation (NYSE, Nasdaq: APA) has announced the donation of over 61,000 trees to 54 partner organizations through its annual Apache Tree Grant Program. Since the program’s launch in 2005, more than 4.6 million trees have been planted with partners in … Read moreApache Donates More Than 61,000 Trees to 54 Organizations
By Sam Potter Jan 15, 2020 (Bloomberg) The trade deal signing is upon us, no one wins the Dems debate, and the bar is high for big bank results. Here are some of the things people in markets are talking about today. Happy Big Beautiful Monster Day! Well, it’s time. President Donald Trump is poised to sign a phase-one … Read moreFive Things to Know in World Business Today
By Elizabeth Low and Grant Smith Jan 15, 2020 (Bloomberg) Oil traded near a six-week low as industry data showing an increase in U.S. crude stockpiles re-affirmed expectations that global markets will be oversupplied in the first part of the year. Futures steadied near $58 a barrel as traders focused on the approaching seasonal lull in … Read moreOil Trades Near Six-Week Low as Data Shows U.S. Stockpiles Rose
By Jennifer A. Dlouhy Jan 15, 2020 (Bloomberg)The Trump administration on Wednesday will announce the authorization of a roughly 3,000-acre solar farm near Palm Springs, California, after developers scaled back its size to help avoid threatened desert tortoises and cultural artifacts. First Solar Inc.’s 450-megawatt Desert Quartzite project in eastern Riverside County has been praised … Read moreTrump Approves First Solar’s Mega-Farm in California Desert
January 14, 2020 | Source: SRC Energy Inc. DENVER, Jan. 14, 2020 (GLOBE NEWSWIRE) — PDC Energy, Inc. (NASDAQ: PDCE) (“PDC”) today announced that it has completed its acquisition of SRC Energy Inc. (NYSE: SRCI) (“SRC”). The merger was previously approved by PDC stockholders and SRC shareholders at special meetings held on January 13, 2020. Each eligible share of SRC common stock … Read morePDC Energy, Inc. Completes Merger with SRC Energy Inc.
January 14, 2020 Sundance Energy Inc. DENVER, Jan. 14, 2020 (GLOBE NEWSWIRE) — Sundance Energy Inc. (NASDAQ: SNDE) (“Sundance” or the “Company”) today announced that the Company’s bank group has completed its scheduled fall borrowing base redetermination under the Company’s senior secured revolving credit facility, resulting in unanimous approval for a borrowing base increase to … Read moreSundance Energy Inc. Announces Increase in Borrowing Base to $210 million
January 14, 2020 Reuters Canadian pipeline company TC Energy Corp said on Tuesday that it planned to start pre-construction work in February for its Keystone XL oil pipeline, the start of a busy planned work schedule in 2020 for the long-delayed project.TC said in a filing with U.S. District Court in Montana that in February it … Read moreTC Energy to resume work on Keystone XL oil pipeline in February
By Michael Bellusci Jan 13, 2020 (Bloomberg) Energy stocks are cheap among S&P 500 peers, and there’s already plenty of bad news baked into the sector, according to David Rosenberg.“In a world where everything looks so expensive, energy stocks look downright cheap,” Rosenberg, the chief economist & strategist of newly formed Rosenberg Research and Associates, told clients in … Read moreEnergy Shares Are ‘Downright Cheap,’ David Rosenberg Says
By Sheela Tobben Jan 13, 2020 (Bloomberg) Oil settled at the lowest level since early December as geopolitical tension in the Middle East eased.Futures in New York fell 1.6% Monday. The threat of an outright war has receded since Tehran fired missiles at U.S.-Iraqi bases last week in retaliation for Washington’s assassination of its top general. … Read moreOil Falls to the Lowest in Over a Month as Gulf Tensions Recede
By Cecile Gutscher Jan 14, 2020 (Bloomberg) Trump lifts designation of China as a currency cheat, new front in trade war opens in Europe, and bank earnings roll in. Here are some of the things people in markets are talking about today. Sweeter deal The Trump administration took China off its watchlist of currency manipulators ahead of the scheduled signing … Read moreFive Things to Know in World Business Today
By Erik Larson Jan 11, 2020 (Bloomberg) New York won’t appeal a ruling by a judge who rejected the state’s claim that Exxon Mobil Corp. misled investors for years about the oil giant’s internal planning for risks associated with climate change.New York Attorney General Letitia James, a Democrat who took office after the suit was filed, announced the … Read moreNew York Won’t Appeal Its Defeat in Exxon Climate Trial
By Brian Eckhouse Jan 13, 2020 (Bloomberg) In 2017, Brookfield Asset Management Inc. had just a half-megawatt of solar power. By the end of this year, the total owned outright by the company could be about 2,000 megawatts.Its unit, Brookfield Renewable Partners LP, said Monday it’s bidding to buy the shares of TerraForm Power Inc. that it doesn’t … Read moreBrookfield Was Already a Hydro Giant, Now It’s Going After Solar
January 13, 2020 | Source: Lilis Energy Inc. FORT WORTH, Texas, Jan. 13, 2020 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX) (the “Company”), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, today announced that it has received a non-binding offer from Värde Partners, Inc., on … Read moreLilis Energy Receives Non-Binding Cash Take Private Offer From Major Shareholder
January 13, 2020 Reuters U.S. natural gas futures slipped on Monday from a two-week high in the previous session on forecasts for less cold weather and heating demand over the next two weeks than previously expected.Meteorologists projected the weather in the U.S. Lower 48 states will turn from warmer than normal now to colder than normal … Read moreU.S. natgas futures down on forecasts for less cold and heating demand
Reuters KEY POINTS India’s oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making it more vulnerable to supply disruption in the Middle East, according to the IEA. India’s oil demand is expected to reach 6 million barrels per day (bpd) by 2024 from 4.4 million bpd in 2017. … Read moreIndia’s oil demand growth set to overtake China by mid-2020s, IEA says
By Sam Potter Jan 13, 2020 (Bloomberg) A twist in the Mideast drama, investors brace for a busy week, and corporate headlines roll in. Here are some of the things people in markets are talking about today. Simmering The situation in the Middle East took an unexpected turn this weekend when Iran admitted it mistakenly shot down a Ukrainian … Read moreFive Things to Know in World Business Today
By Nathaniel Bullard Jan 10, 2020 (Bloomberg Opinion)The start of a new year brings with it a raft of data on the world’s energy systems. So far, electricity sector figures show a transition well underway — some sources increasing, others collapsing. Each market is different, but the trends in markets as diverse as the U.K., … Read moreEnergy Markets Have an Interesting Year Ahead: Nathaniel Bullard
By Elizabeth Low and Grant Smith Jan 13, 2020 (Bloomberg) Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year.The threat of an outright war has receded since Tehran fired … Read moreOil Holds Biggest Weekly Drop Since July on Easing Gulf Tension
By Verity Ratcliffe and Annmarie Hordern Jan 13, 2020 (Bloomberg)Saudi Arabia’s Energy Minister said that OPEC and its allies remain focused on using production cuts to reduce oil inventories to normal levels, undeterred by the flare up of political tensions in the Middle East. Oil prices have erased all of this year’s rally, which saw … Read moreSaudi Arabia Says OPEC+ Focus on Oil Cuts Undeterred by Unrest
January 13, 2020 | Source: TerraForm Power, Inc. NEW YORK, Jan. 13, 2020 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today confirmed that on January 11, 2020, its Board of Directors (the “Board”) received an unsolicited, non-binding proposal (the “Proposal”) from Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable”) to acquire … Read moreTerraform Power Confirms Receipt of Unsolicited Proposal from Brookfield Renewable and Announces Formation of Special Committee
In the short video below, Giancarlo Savini (Implementation Manager at Shell Ventures in Houston) explains how Osprey is a great fit for a Shell midstream terminal in Canada. About us Osperity (Formerly Osprey Informatics) assists industrial companies to reduce operational costs and mitigate safety and environmental risks through intelligent visual monitoring. With our platform clients … Read moreShell: Osperity’ AI-driven intelligent visual monitoring solutions a great fit for our midstream terminals
By Liam Denning (Bloomberg Opinion) We’re not even two weeks into 2020 and the oil market has ripped through a cycle already. Courtesy of geopolitical spiciness in the Middle East, prices jumped, had a little think about it, and then slumped back into the easy chair. Still, with Iran’s nuclear deal unraveling and the U.S. election … Read moreDecember Jobs Report: Fracker Hiring Mini-Boom Is Already Over
By Catherine Ngai, Grant Smith, Javier Blas and Dan Murtaugh Jan 12, 2020 (Bloomberg) A dramatic U.S. drone strike kills Iran’s most important general. Tehran vows retribution and oil prices jump almost 5% as traders rush to cover the risk of a Middle East war. Then the selling starts.It’s a trading pattern that would have been unthinkable a decade ago, … Read moreHow the Oil Market Learned to Live With a Middle East in Flames
By David Wethe Jan 11, 2020 (Bloomberg) The slowdown in U.S. oil production growth is rippling through all aspects of life in West Texas — even religion.Demand for a custom bible aimed at oil workers is declining in the Permian Basin, the world’s biggest shale patch. It’s yet another effect of the downturn in the region, … Read moreOil Bible Offers ‘Fuel for the Soul’ in Waning U.S. Shale Patch
January 10, 2020 | Source: CVR Energy, Inc. SUGAR LAND, Texas, Jan. 10, 2020 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI) (the “Company” or “CVR Energy”) announced today the pricing of its private placement (the “Offering”) under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the “Securities Act”), of $1.0 … Read moreCVR Energy Announces Pricing of $1.0 Billion Private Placement of 5.250% Senior Notes due 2025 and 5.750% Senior Notes due 2028
January 10, 2020 | Source: Laredo Petroleum, Inc. TULSA, OK, Jan. 10, 2020 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc., a Delaware corporation (NYSE: LPI) (“Laredo” or the “Company”), announced today the pricing of $600 million in aggregate principal amount of 9.50% senior notes due 2025 and $400 million in aggregate principal amount of 10.125% senior notes … Read moreLaredo Petroleum Prices Upsized Offering of $1.0 Billion of Senior Notes
January 10, 2020 | Source: Enservco DENVER, Jan. 10, 2020 (GLOBE NEWSWIRE) — Enservco Corporation (NYSE American: ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced it expects 2019 fourth quarter revenue to be between $8.0 million and $8.1 million as compared to … Read moreEnservco Corporation Updates Investors on 2019 Fourth Quarter and Year-End Financial Expectations
by Jordan Blum, Houston Chronicle Apache Corporation is closing its San Antonio office and eliminating more than 270 jobs as part of a reorganization designed to cut costs. The Houston-based company confirmed Thursday it is reducing its global workforce by up to 15 percent — roughly 500 jobs — as part of a broader restructuring … Read moreApache closing San Antonio office, cutting nearly 300 jobs
January 10, 2020 Reuters U.S. energy firms reduced the number of oil rigs operating for a third week in a row as producers follow through on plans to slash spending on new drilling for a second year in a row in 2020. Drillers cut 11 oil rigs in the week to Jan. 10 in the biggest … Read moreU.S. drillers cut oil rigs for third week in a row
January 10, 2020 Reuters U.S. natural gas futures on Friday rose 2% on forecasts for much more cold weather and heating demand later in January than previously expected.Meteorologists projected the weather in the U.S. Lower 48 states will turn from warmer than normal now to mostly colder than normal from Jan. 16-25. That outlook is much … Read moreU.S. natgas futures rise 2% on forecasts for colder weather, more heating demand
By Lorcan Roche Kelly Jan 10, 2020 (Bloomberg) It’s jobs day, Iran denies downing plane, and Trump impeachment trial may get Pelosi green light. Here are some of the things people in markets are talking about today. Payrolls The Labor Department will deliver the last jobs report of the 2010s at 8:30 a.m. Eastern Time this morning. It is … Read moreFive Things to Know in World Business Today
By Sharon Cho and Grant Smith Jan 10, 2020 (Bloomberg) Oil headed for its biggest weekly loss since July as the prospect of an immediate confrontation between the U.S. and Iran abated, allaying fears of disruption to Middle East energy supplies.Futures initially soared to an eight-month high above $65 a barrel in New York on Jan. … Read moreOil Set for Biggest Weekly Loss Since July as Mideast Risk Eases
January 9, 2020 WASHINGTON – The White House is promising sweeping changes to how major energy and infrastructure projects in the United States are evaluated for their potential environmental impact. U.S. President Donald Trump says the planned overhaul of the National Environmental Policy Act, or NEPA, will streamline environmental approvals for major construction efforts like … Read moreWhite House proposes dramatic overhaul of environmental approval process
By Laura Hurst, Annie Massa and Emily Chasan Jan 9, 2020 (Bloomberg) BlackRock Inc. added its considerable heft to a group of investors that’s pressing the world biggest emitters of greenhouse gases to change their ways.The addition of the world’s largest fund manager is a significant milestone for Climate Action 100+, bringing total assets under management … Read moreBlackRock Joins $41 Trillion Investor Climate Campaign
By David Wethe Jan 9, 2020 (Bloomberg) This is the year when shale drillers are finally going to deliver solid returns to investors that have grown weary of the industry’s decade-long cash burn, the head of explorer Parsley Energy Inc. said.Why? Because for the first time the producers behind the U.S. shale boom are collectively showing … Read moreParsley Energy Boss Says Shale Will Finally Deliver Returns This Year
By Lorcan Roche Kelly Jan 9, 2020 (Bloomberg) War risk recedes, China to sign trade deal, and global growth to remain sluggish. Here are some of the things people in markets are talking about today. Peace rally The prospect of war between the U.S. and Iran faded after President Donald Trump backed away from threats to launch further attacks, instead … Read moreFive Things to Know in World Business Today
By Grant Smith and Sharon Cho Jan 9, 2020 (Bloomberg) Oil steadied after rapidly shedding all of its gains from the clash between the U.S. and Iran, as traders waited to see whether any further hostilities will disrupt exports from the Middle East.Brent held above $65 a barrel on Thursday, having tumbled 4.2% the previous day … Read moreOil Steadies After Giving Up Gains From U.S.-Iran Hostilities
By Sheela Tobben Jan 9, 2020 (Bloomberg) President Donald Trump said during an address from the White House Wednesday that the U.S. no longer needs oil from the Middle East, but American refineries still use the kind of oil that region produces. Thanks to booming shale production, the U.S. reduced shipments from the Persian Gulf to … Read moreDespite Trump’s Claim, the U.S. Still Needs Some Middle East Oil
By Anthony DiPaola Jan 9, 2020 (Bloomberg) Saudi Arabia is seeking companies to build four solar power plants as the Persian Gulf oil giant resumes its renewable energy push. The energy ministry is seeking bidders for the projects to build plants capable of generating a total of 1,200 megawatts of solar power, according to a statement … Read moreSaudi Arabia Seeks Bidders for Solar Plants in Renewables Push
January 08, 2020 | Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, Jan. 08, 2020 (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 wind energy project award in Illinois. The award is for construction of the … Read moreInfrastructure and Energy Alternatives, Inc. Announces Award for Wind Construction Project With 94 Turbines in Illinois
January 08, 2020 17:10 ET | Source: Greenfields Petroleum Corporation HOUSTON, Jan. 08, 2020 (GLOBE NEWSWIRE) — Greenfields Petroleum Corporation (the “Company” or “Greenfields”) (TSX VENTURE: GNF), a production focused company with operating assets in Azerbaijan, announces that Vitol Energy (Bermuda) Ltd. (“Vitol”), the Company’s senior debt lender, has agreed to amend the forbearance agreement executed on … Read moreGreenfields Petroleum Corporation Announces Extension of Forbearance Agreement and Agreement to Defer Payment of its Senior Secured Debt
Initial Flow Rate From Etame 11h Lifts Current Total Company Net Production to 5,900 BOPD January 08, 2020 | Source: VAALCO Energy, Inc. HOUSTON, Jan. 08, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (VAALCO or the Company) today provided an update on its 2019/2020 drilling program offshore Gabon and reported 2019 production … Read moreVAALCO Announces Etame 11h Development Well Has Been Successfully Completed and Placed on Production at Higher Than Anticipated Rate
By Lorcan Roche Kelly Jan 8, 2020 (Bloomberg) Iran strikes back, markets mostly shrug, and Ghosn ready to tell his story. Here are some of the things people in markets are talking about today. Missile strike Iran fired more than a dozen missiles at U.S.-Iraqi airbases in retaliation for the killing of top Iranian general Qassem Soleimani. There’s been no comment on … Read moreFive Things to Know in World Business Today
By Mikael Holter and Christian Wienberg Jan 8, 2020 (Bloomberg)Equinor ASA just unveiled its most ambitious climate plan yet, but it isn’t enough to get Norway’s biggest oil company off the exclusion list of a major Danish pension fund.State-controlled Equinor wants to make its production in Norway carbon neutral by 2050. Yet critics say it … Read moreA $20 Billion Danish Fund Won’t Remove Norway’s Equinor From Black List
By Mahmoud Habboush, Anthony DiPaola and Verity Ratcliffe Jan 8, 2020 (Bloomberg) OPEC and one of its biggest producers sought to tamp down concerns over Middle Eastern oil supply on Wednesday after Iran fired missiles at U.S. forces in Iraq. Global crude markets are well supplied, and the Organization of Petroleum Exporting Countries and allied producers … Read moreOPEC Seeks to Reassure Oil Market on Spiking Mideast Tension
By Serene Cheong, Sharon Cho and Ann Koh Jan 8, 2020 (Bloomberg) Owners of oil tankers are boosting their rates to haul crude on a key route from the Middle East as risks in the Gulf escalate after Iran retaliated against the U.S. killing of a top general. Shipowners are offering rates for supertankers carrying crude from the … Read moreOil Shippers Raise Offers for Middle East Route on Gulf Risk
By Sharon Cho and Grant Smith Jan 8, 2020 (Bloomberg) —Oil’s rally faded as the U.S said Iranian airstrikes on military bases in Iraq didn’t cause any casualties, reinforcing speculation that Tehran is opting for limited retaliation over the killing of a top general. Futures in London initially surged more than 5% as the Islamic … Read moreOil Rally Cools as Iranian Strike Causes No U.S. Casualties
By Olga Tanas Jan 8, 2020 (Bloomberg) Russia officially opened its TurkStream natural gas pipeline on Wednesday, further diversifying export routes to Europe amid a backlash from the U.S. President Vladimir Putin and his Turkish counterpart Recep Tayyip Erdogan met in Istanbul to inaugurate the pipeline in a ceremony celebrating the nations’ energy and political ties. … Read moreRussia Readies New Gas Link to Europe in Defiance of U.S.
January 07, 2020 | Source: Jones Energy, Inc. AUSTIN, Texas, Jan. 07, 2020 (GLOBE NEWSWIRE) — Jones Energy II, Inc. (OTC: JEII) (“Jones Energy” or the “Company”) today announced that it has completed its previously announced merger with Revolution II WI Holding Company, LLC (“Revolution”), an affiliate of Mountain Capital Partners, LP, for aggregate consideration of … Read moreJones Energy Announces Completion of Merger with Revolution Resources
January 08, 2020 08:30 ET | Source: Range Resources Corporation FORT WORTH, Texas, Jan. 08, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) announced today the commencement of cash tender offers (the “Tender Offers”) to purchase up to $500 million aggregate principal amount (the “Aggregate Maximum Tender Amount”) of its outstanding 5.750% senior notes … Read moreRange Announces Cash Tender Offer for Up to $500 Million Aggregate Principal Amount of Certain of Its Outstanding Debt Securities
By Jennifer A. Dlouhy Jan 7, 2020 (Bloomberg) The oil industry’s top lobbying group on Tuesday is launching a campaign to counter attacks from 2020 Democratic hopefuls vowing to phase out fossil fuels.Bernie Sanders and Elizabeth Warren have called for banning fracking and curbing the use of fossil fuels as part of efforts to combat climate change. Other … Read moreOil Lobby Takes On Democrats’ Climate Plans: Campaign Update
By Joe Carroll and Kevin Crowley Jan 6, 2020, (Bloomberg) Occidental Petroleum Corp. plans to make the pipeline business it acquired as part of last year’s takeover of Anadarko Petroleum Corp. a stand-alone company, removing about $7.8 billion of debt from its balance sheet.Occidental pledged to reduce its holdings in Western Midstream Partners to less than … Read moreOccidental Plans to Slash $7.8 Billion Debt With Pipeline Split
By Amy Stillman Jan 7, 2020 (Bloomberg) Mexico’s move to divert a TC Energy Corp. gas pipeline from indigenous lands is reigniting concerns over the future of energy projects in the country. The plan to deviate the Tuxpan-Tula conduit in central Mexico, announced by President Andres Manuel Lopez Obrador over the weekend, follows a restructuring of … Read moreMexico Plan to Divert Gas Pipeline Seen Heightening Uncertainty
By Sharon Cho and Grant Smith Jan 7, 2020 (Bloomberg) Oil fell from a three-month high in London as traders waited to see whether the clash between the U.S. and Iran would lead to a disruption in Middle East crude supplies.Brent futures retreated toward $68 a barrel after a two-day surge following a U.S. airstrike that … Read moreOil Falls After Surging to Three-Month High on U.S.-Iran Clash
By Lorcan Roche Kelly Jan 7, 2020 (Bloomberg)U.S.-Iran saber-rattling continues, markets bounce back and oil traders calm down. Here are some of the things people in markets are talking about today. Threat and counter-threat The head of Iran’s national security council said the country is assessing 13 scenarios in response to the killing of a powerful general, adding that even … Read moreFive Things to Know in World Business Today
By Bloomberg News Jan 7, 2020 (Bloomberg) Tesla Inc. kicked off production in China, marking a major step in Chief Executive Officer Elon Musk’s global push for electric-vehicle domination and heralding what could be the dawn of real competition in the world’s largest EV market.Musk presided over a ceremony on Tuesday at a new multibillion-dollar plant … Read moreTesla Opens Chinese Plant as Era of Real Competition Begins
By Mikael Holter Jan 7, 2020 (Bloomberg) The largest oil company in western Europe’s biggest petroleum exporter wants to drastically cut its carbon footprint. Equinor ASA, which is based in the Norwegian town of Stavanger on the edge of the North Sea, is trying to adapt its business model to a world increasingly alarmed by the … Read moreOil Giant Reveals Survival Tactics in Age of Climate Anxiety
January 07, 2020 | Source: CVR Energy, Inc. SUGAR LAND, Texas, Jan. 07, 2020 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI) (the “Company” or “CVR Energy”) announced today that, subject to market conditions, it intends to offer (the “Offering”) for sale to eligible purchasers in a private placement under Rule 144A and Regulation S of … Read moreCVR Energy Announces $1.1 Billion Private Placement of Senior Notes and Notice of Conditional Redemption for its 6.500% Second Lien Senior Secured Notes due 2022
January 07, 2020 | Source: Apache Corporation Maka Central-1 well confirms geologic model with 73 meters (240 feet) of oil pay and 50 meters (164 feet) of light oil and gas condensate pay; appraisal planning is underway. Drilling at the next well, Sapakara West-1, approximately 20 kilometers (12 miles) southeast of Maka Central-1, will test the … Read moreApache Corporation and Total S.A. Announce Significant Oil Discovery Offshore Suriname
January 07, 2020 | Source: Diamondback Energy, Inc. MIDLAND, Texas, Jan. 07, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its average daily production for the fourth quarter of 2019 was 301.3 MBOE/d (195.0 MBO/d), an increase of 5% from Q3 2019 average daily production of 287.1 MBOE/d and … Read moreDiamondback Energy, Inc. Provides Fourth Quarter 2019 Production Update and Schedules Fourth Quarter 2019 Conference Call for February 19, 2020
January 07, 2020 | Source: Viper Energy Partners LP MIDLAND, Texas, Jan. 07, 2020 (GLOBE NEWSWIRE) — Viper Energy Partners LP (NASDAQ: VNOM) (“Viper” or the “Company”) today announced that its average daily production for the fourth quarter of 2019 was 26.1 Mboe/d (16.5 Mbo/d), an increase of approximately 23% from Q3 2019 average daily production of … Read moreViper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Provides Fourth Quarter 2019 Production Update and Schedules Fourth Quarter 2019 Conference Call for February 12, 2020
January 06, 2020 | Source: Range Resources Corporation FORT WORTH, Texas, Jan. 06, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced a 2020 capital budget of $520 million, which is expected to maintain daily production at approximately 2.3 Bcfe. Additionally, Range announced that year-end 2019 reserves increased to 18.2 Tcfe. Highlights – All-in 2020 capital … Read moreRange Announces 2020 Capital Budget and 2019 Reserves Update
January 06, 2020 | Source: Petroteq Energy Inc. SHERMAN OAKS, Calif., Jan. 06, 2020 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), a fully integrated clean technology company with proprietary technology for soil remediation and oil extraction, announces that it has issued to an arm’s length lender a US$750,000 principal amount (including … Read morePetroteq Announces Closing of Financing, Production Increases at the Existing Facility to Reach Profitability and Expansion Plans for New 3,000 Barrel Facility
18 MONTHS OF CONTENT MARKETING ON ENERGYNOW FOR THE PRICE OF 12 – SAVE 50%! MARKET THE FOLLOWING CONTENT ABOUT YOUR COMPANY: Videos, Webinars, Press Releases, Announcements, Case Studies, New Technology, Special Promotions, White Papers, Events, Open House, Job Fair, Equipment Showcase, Service Showcase, New Hire Announcement, Now Hiring Announcement, Charitable Initiative, Special Awards or … Read moreEnergyNow SPECIAL – Market Your Company on EnergyNow for 18 Months for the Price of 12! Save 50% on Content Marketing Packages – Expires January 15th!
By Jeremy Hill Jan 6, 2020 (Bloomberg) A group of MTE Holdings creditors want its Chief Executive Officer — real estate developer Mark Siffin — replaced by a court-appointed official amid accusations of fraud and mismanagement at the bankrupt oil driller.Three stakeholders in the Chapter 11 case — Natixis SA, Riverstone Credit Management LLC and a … Read moreCreditors of Bankrupt Oil Driller Allege Fraud, Want CEO Out
By Mary Schlangenstein Jan 6, 2020 (Bloomberg) JetBlue Airways Corp. said it will become the first large U.S. airline to offset emissions from all of its domestic flights, aiming to become carbon neutral by July as pressure grows on the industry from climate change activists.The carrier also will begin using sustainable aviation fuel on its flights from San … Read moreJetBlue Takes Steps to Become First Carbon-Neutral U.S. Airline
By Bloomberg News Jan 6, 2020 (Bloomberg) Elon Musk plans to attend a ceremony to mark the first deliveries of made-in-China Tesla Inc. vehicles to customers on Tuesday, according to people familiar with the matter. Tesla, which is already churning out more than 1,000 Model 3 sedans a week at its plant on the outskirts of … Read moreElon Musk to Come to Shanghai for Debut of Made-in-China Teslas
By Sharon Cho and Grant Smith Jan 6, 2020 (Bloomberg) Oil extended its gains, briefly surpassing $70 a barrel in London for the first time since September, as Middle East tensions flared after the U.S. assassinated one of Iran’s most powerful generals.Futures rose as much as 3.1% on Monday as the U.S. State Department warned of … Read moreOil Touches $70 as U.S.-Iran Clash Sparks Concerns Over Supplies
By Sharon Cho Jan 5, 2020 (Bloomberg) A flare-up in U.S.-Iran tension may be keeping oil elevated, but an actual disruption to global crude supplies is needed to keep prices at current levels, according to Goldman Sachs Group Inc.Price risks for Brent, which has surged about 6% since the U.S. strike killed a top Iranian general, are skewed to the … Read moreGoldman Says Oil Rally Likely Shortlived Unless Supply Disrupted
By Filipe Pacheco Jan 6, 2020 (Bloomberg) Saudi Aramco’s status as an oil-producing behemoth located in one of the world’s most turbulent regions always marked it as likely to suffer bouts of volatility. But few could have expected the stock to face so stern a test less than a month after the company’s historic $25.6 billion … Read moreSaudi Aramco Faces Tough Test Less Than a Month After IPO
By Lorcan Roche Kelly Jan 6, 2020 (Bloomberg)Soleimani killing fallout widens, market selloff deepens, and oil rally may be short lived. Here are some of the things people in markets are talking about today. Now what? U.S. policy in the Middle East has become much more uncertain in the wake of the killing of Iranian General Qassem Soleimani. … Read moreFive Things to Know in World Business Today
January 06, 2020 | Source: RigNet, Inc. Errol Olivier joins RigNet as SVP and Chief Operating Officer Mr. Olivier will be responsible for all customer-facing functions Jay Hilbert, SVP, Sales, will transition out of the company HOUSTON, Jan. 06, 2020 (GLOBE NEWSWIRE) — RigNet, Inc. (NASDAQ: RNET), the leading provider of ultra-secure, intelligent networking solutions, today announced … Read moreRigNet Announces Organizational Changes
January 06, 2020| Source: Laredo Petroleum, Inc. TULSA, OK, Jan. 06, 2020 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”) today announced year-end reserve estimates and annual production for 2019. 2019 Highlights Exceeded both oil and total production guidance for full-year 2019, producing an average of 28.4 thousand barrels of oil per … Read moreLaredo Petroleum Announces Proved Reserves and Production for 2019
January 3, 2020 Reuters U.S. energy firms reduced the number of oil rigs operating for the second straight week as producers follow through on plans to slash spending on new drilling.Drillers cut 7 oil rigs in the week to Jan. 3, bringing the total count down to 670, energy services firm Baker Hughes Co said … Read moreDOWN 7: U.S. drillers cut oil rigs for second consecutive week
When: January 15th, 2020 at 11am EST/8am PDT Register: Register here! Your enterprise is operating in a world characterized by highly volatile markets, very short product life cycles, intense competition and rapidly evolving customer expectations. Supply-demand planning and ERP systems are falling short on providing accurate information across suppliers, manufacturers, and distributors. Can your enterprise … Read moreWEBINAR: How to Implement a Spend Analytics Program Using Machine Learning in 2020: January 15th – Sign Up HERE! – Tamr Data United
Osprey Informatics (“Osprey”), a leader in AI-driven computer vision and intelligent visual monitoring for the industrial sector has changed its name to Osperity. The new name better reflects the company’s technology uniqueness for intelligent visual monitoring and analytics and also minimizes confusion in the marketplace. “The name Osprey Informatics worked well when we were only … Read moreOsprey Informatics changes name to Osperity
By Rachel Adams-Heard Jan 3, 2020 (Bloomberg) Former U.S. Energy Secretary Rick Perry is joining the board of the general partner that controls Dallas-based pipeline giant Energy Transfer LP.The move puts Perry, who departed the Energy Department in December, back at the table of one of the biggest pipeline operators in the U.S. Billionaire Kelcy Warren’s … Read moreEx-Energy Secretary Rick Perry Joins Energy Transfer Board
January 3, 2020 Reuters U.S. natural gas futures slightly extended gains on Friday following the release of a federal government report showing a storage draw in line with expectations. Traders noted that the market had risen in thin trade earlier in the day as traders covered shorts despite forecasts of even milder weather. The U.S. … Read moreU.S. natgas futures extend gains on storage report conforming with expectations
By Sheela Tobben and Grant Smith Jan 3, 2020 (Bloomberg) Oil surged toward a 3 1/2-month high as attention turned to Iran’s threatened retaliation for the U.S. airstrike that killed the Islamic Republic’s top general.Brent futures rose 3.5% on Friday, the highest since the attacks on Saudi Arabia’s oil facilities in September. The airstrike near Baghdad airport killed … Read moreOil Soars as U.S. Killing of Iran General Stirs Fear of Conflict
By James Herron, Grant Smith and Alex Longley Jan 3, 2020 (Bloomberg) The U.S. assassination of one of Iran’s most powerful generals has the oil industry bracing for something it has long feared and anticipated — direct military confrontation between the two adversaries. In the hours after President Donald Trump ordered the killing at Baghdad airport … Read moreOil Industry Braces for Mideast Turmoil After Soleimani Killing
By Lorcan Roche Kelly Jan 3, 2020 (Bloomberg) Top Iranian commander killed in U.S. airstrike, investors seek safety in havens, and Fed minutes due. Here are some of the things people in markets are talking about today. Escalation Qassem Soleimani, one of Iran’s most powerful generals who led proxy militias that extended the country’s power across … Read moreFive Things to Know in World Business Today
By Saket Sundria and Grant Smith Jan 3, 2020 (Bloomberg)Oil jumped toward $70 a barrel in London after a U.S. airstrike ordered by President Donald Trump killed a top Iranian general in Iraq, intensifying fears of conflict in the world’s most important crude-producing region. Brent futures surged by more than 4% in busy trading on Friday … Read moreOil Soars as U.S. Killing of Iran General Stirs Fear of Conflict
By Liam Denning Jan 3, 2020 (Bloomberg Opinion) One of the buzzier books in business circles this past decade was Joshua Cooper Ramo’s The Seventh Sense. Its principal insight: The mere act of connecting things — from the device you’re reading this on to terrorist groups to whole societies — changes the nature of those things. This is … Read moreThe 2010s Were Energy’s Decade of the Great Rewiring: Liam Denning
By Sheela Tobben Jan 3, 2020 (Bloomberg) Five new oil pipelines are set to open in the Permian Basin through 2021, expanding a gap between production and takeaway capacity that’s already spurring midstream rate cuts and could mean cutthroat competition ahead. Producers in the West Texas and New Mexico oilfield are pumping about 4.72 million barrels … Read morePermian Pipeline Competition Heats Up as Capacity Outruns Supply
Ron Ashkenas Brook Manville Creating a unifying vision for an organization is a fundamental skill for leaders. A simple, bold, inspirational vision can feel almost magical: it brings people throughout the company together around a common goal and provides a focal point for developing strategies to achieve a better future. Unfortunately, however, building a vision has become … Read moreLEADERSHIP: You Don’t Have to Be CEO to Be a Visionary Leader
January 2, 2020 Reuters Vastly slower U.S. oil growth this year and the prospect of a plateau for the world’s top oil producer have signaled a new and unfamiliar era of self-restraint for the go-go shale industry. Spending cuts and production declines common to shale wells mean U.S. output growth is expected to brake from 2019’s … Read moreU.S. shale producers to tap brakes in 2020 after years of rapid growth
By Paul Tugwell Jan 2, 2020 (Bloomberg) Cyprus President Nicos Anastasiades, Greek Prime Minister Kyriakos Mitsotakis and Israeli Prime Minister Benjamin Netanyahu will on Thursday sign an accord for the construction of the Eastern Mediterranean natural gas pipeline.The 1,900-kilometer (1,181 miles) link will connect recently discovered gas fields in the eastern Mediterranean basin with European markets … Read moreLeaders From Israel to Greece Set to Sign EastMed Pipeline Deal
By Lorcan Roche Kelly Jan 2, 2020 (Bloomberg) China’s central bank eases, more weakness in manufacturing PMIs and Ghosn is ready to talk. Here are some of the things people in markets are talking about today. Lending boost Stocks in China got the year off to a strong start after the country’s central bank reduced the reserve ratio … Read moreFive Things to Know in World Business Today
By Liam Denning (Bloomberg Opinion) “When does it end?” is a perfectly reasonable question for New Year’s Eve. And in the case of anyone still holding onto oilfield services stocks, it is more than rhetorical. Core Laboratories NV, which offers services to enhance output from oilfields, dropped the ball early on Tuesday evening, or New Year’s … Read moreOilfield Services Ends the 2010s With a Bang and a Whimper: Liam Denning
By Grant Smith and Salma El Wardany Jan 2, 2020, (Bloomberg) OPEC’s output declined last month as several Persian Gulf producers stepped up their implementation of cutbacks aimed at balancing global oil markets.Saudi Arabia, Iraq and the United Arab Emirates reduced production in December, the final month of a round of restrictions by the cartel before … Read moreOPEC Output Falls as Gulf Nations Step Up Delivery of Oil Cuts
By Saket Sundria and Grant Smith Jan 2, 2020 (Bloomberg) Oil steadied after posting its biggest annual gain in three years amid elevated tensions in the Middle East and signs that U.S. crude stockpiles fell further. Futures held near $61 a barrel in New York. An Iran-backed Iraqi militia withdrew from the U.S. embassy in Baghdad after storming … Read moreOil Steadies Amid Middle East Tensions, Shrinking Stockpiles
December 31, 20192:08 PM Reuters U.S. natural gas futures were nearly steady on Tuesday in line with weather forecasts, but the market finished 2019 with its biggest annual decline since 2014. The contract posted a yearly fall of 25.5%, after ending 2018 nearly unchanged. It was one of the biggest decliners among commodities in 2019. For … Read moreU.S. natgas futures end 2019 down 26%, biggest yearly decline since 2014
By Grant Smith and Alex Longley Dec 31, 2019 (Bloomberg)Oil fell in New York as traders took profits from a pile of bullish wagers in what has been the strongest year for crude since 2016. West Texas Intermediate futures fell 0.9% on Tuesday, yet prices are still up 35% this year as OPEC and its … Read moreOil Slides as Bulls Take Profit After Strongest Year Since 2016
By Katia Dmitrieva Dec 31, 2019 (Bloomberg) As a new decade dawns, some — but not all — of the dark clouds hanging over the U.S. economy have cleared.If anything, 2019 was a year on the edge: It started with a government shutdown, then fears of recession dominated for months as the trade war with China … Read more2020 U.S. Economy Field Guide: Five Key Things to Watch
December 30, 2019 | Source: Key Energy Services, Inc. HOUSTON, Dec. 30, 2019 (GLOBE NEWSWIRE) — Key Energy Services, Inc. (“Key” or the “Company”) (OTC: KEGX) announced today that President and Chief Executive Officer Rob Saltiel has resigned from the Company including his position on the Key Board of Directors effective December 30, 2019 to pursue other … Read moreKey Energy Announces Departure of CEO
By Rachel Adams-Heard and Kiel Porter Dec 30, 2019 (Bloomberg) After a fairly abysmal 2019 for U.S. energy mergers and acquisitions, investors are signaling to oil executives and investment bankers that the days of big-premium deals are over.Some of the year’s most notable mergers, including Occidental Petroleum Corp.’s blockbuster takeover of Anadarko Petroleum Corp., were met … Read moreAfter Bad Year for Energy M&A, Investors Signal Big-Premium Deals Are Over
By Saket Sundria and Grant Smith Dec 31, 2019, (Bloomberg) Oil in New York headed for its biggest annual increase since 2016, as OPEC’s production cuts tempered supplies while a trade pact between the U.S. and China buoyed the outlook for demand. West Texas Intermediate futures have climbed 36% this year, and were trading above $61 … Read moreOil Set for Strongest Year Since 2016 on OPEC Cuts, Trade Truce
By Liam Denning (Bloomberg Opinion) In between dealing with margin calls, Aubrey McClendon spent some of 2009 liquidating his famously well-stocked wine cellar in the non-fun way. In vino veritas, as it turns out: McClendon’s vintage version of the financial crisis, after his meteoric rise at the helm of fracking pioneer Chesapeake Energy Corp., embodied the wild successes, excesses and … Read moreShale’s Amazing, World-Changing, Lousy Decade: Liam Denning
By Saket Sundria and Alex Longley Dec 30, 2019 (Bloomberg) Oil rose for a fifth session, the longest run of gains since July, as a bigger-than-forecast decline in U.S. crude stockpiles eased oversupply concerns.Futures climbed 0.6% in New York after closing at the highest level in three months on Friday. American crude supplies fell by 5.47 … Read moreOil Extends Gain Near Three-Month High as U.S. Stockpiles Shrink
December 27, 2019 Reuters U.S. energy firms reduced the number of operating oil rigs for the first time in three weeks as producers follow through on plans to slash spending on new drilling. Drillers cut 8 oil rigs in the week to Dec. 27, bringing the total count down to 677, the lowest since the … Read moreU.S. Oil Rigs Down for the Week but Up for First Month in 13 -Baker Hughes
By Simon Casey Dec 27, 2019 (Bloomberg) The contraction of the oil and gas industry in and around Texas continued in the fourth quarter as shale producers cut back on spending and jobs, the latest survey from the Federal Reserve Bank of Dallas showed.The bank’s business activity index was -4.2 for the final three months of … Read moreTexas Oil and Gas Sector Contracts Amid ‘Challenging’ Conditions
Somewhere in west Texas, amid one of the most productive oilfields in the continent, a Canadian company is building a plant that it hopes will eventually suck from the air a million tonnes of carbon being pumped out of the ground all around it. Carbon Engineering’s groundbreaking plant is one of many projects hoping to help in … Read moreInnovation: New industry develops around sucking carbon dioxide out of atmosphere
By Bloomberg News Dec 26, 2019 (Bloomberg)It started with animal spirits left for dead by the financial crisis. It’s set to finish with stocks near records, volatility vanquished and the credit supercycle on steroids.This is the tale of global markets over a decade of “fire and ice.”In the 2010s traders braved everything from the sovereign … Read moreThe ‘Fire and Ice’ Decade That Changed Everything on Wall Street
By Dina Khrennikova and Olga Tanas Dec 27, 2019 (Bloomberg) OPEC+ output cuts have stabilized the global oil market but can’t last forever, Russia said as uncertainty persists over the future of the agreement beyond March.“Oil-production cuts can’t be eternal; we will gradually need to make a decision on exiting” the accord, Energy Minister Alexander Novak … Read moreOPEC+ Cuts Can’t Last Forever, Russia’s Energy Minister Says
By Alex Longley Dec 27, 2019 (Bloomberg) Oil was near the highest level in more than three months on indications of shrinking U.S. crude stockpiles and optimism in the global economic outlook. Futures were steady after earlier adding as much as 0.5% in New York and are set for the biggest monthly increase since January. American … Read moreOil Trades Near Three-Month High on Signs of Shrinking Supplies
By Netty Ismail Dec 26, 2019 (Bloomberg) If 2019 was the year when a clutch of Middle East markets burst into the mainstream, then 2020 will test whether the foreign money keeps flooding in. The year opened with five Gulf Arab economies joining JPMorgan Chase & Co.’s emerging-market bond indexes. The spotlight stayed firmly on the … Read moreAramco, Lebanon, Gulf Oil: A Guide to Middle East Risks in 2020
Dec 25, 2019 (Bloomberg Opinion) In the space of just a few momentous weeks, one of Russian President Vladimir Putin’s most ambitious projects — a Russian natural gas export system to match the new geopolitical reality rather than the Cold War-era one — has taken its final shape. It will probably last, without major change, until the end … Read morePutin’s Grand Gas Project Makes Sense Now: Leonid Bershidsky
By Kriti Gupta Dec 26, 2019 (Bloomberg) Oil advanced in light trading, with prices set for the biggest monthly gain in almost a year on speculation that supplies are shrinking. Futures rose 0.9% in New York, gaining for a third straight session as trading resumed after the Christmas break. Prices are up almost 12% this month, and … Read moreOil Rises to Three-Month High on Supply and Trade Optimism
By Michael Bellusci Dec 23, 2019 (Bloomberg) It’s been a tough run for energy stocks. Oil at $100 a barrel is long gone. Investors have exited their losing positions. And energy stocks in the S&P 500 now hold a weight of barely 4%, down from over 10% at the start of the decade. As 2019 comes … Read moreThe Lost Decade: Energy Stocks Seek Relevancy as Investors Flee
By Ann Koh and Grant Smith Dec 24, 2019 (Bloomberg) Oil held above $60 a barrel before U.S. government data forecast to show that crude stockpiles declined again, mitigating concerns that global markets face a renewed surplus next year. Futures rose 0.4% in New York. American crude inventories fell by 1.7 million barrels last week, according … Read moreOil Holds Above $60 as U.S. Crude Stockpiles Seen Shrinking
By Mike Jeffers Dec 23, 2019 (Bloomberg) Oil prices are likely to remain in check during 2020 as OPEC+ production cuts are offset by higher output from other countries and a mixed outlook for demand, according to analysts.Analysts see prices climbing higher in the middle of the year as stronger emerging-market demand and the OPEC+ cuts trim global … Read moreOil Analysts See Few 2020 Fireworks as OPEC+ Cuts Trim Surplus
By Salma El Wardany and Fiona MacDonald Dec 24, 2019 (Bloomberg) Saudi Arabia and Kuwait agreed to resume oil production in a shared border region more than four years after halting output. Their agreement allows for “the resumption of oil production from the joint fields,” the Saudi energy ministry said on Twitter. The oil fields in … Read moreSaudis, Kuwait Agree to Resume Oil Output at Shared Fields
By Rachel Adams-Heard and Catherine Ngai Dec 24, 2019 (Bloomberg) America’s top shale field is becoming increasingly gassy as drilling slows down, undercutting profits for explorers at a time when investors are demanding better returns.Natural gas has long been a nuisance in the Permian, where a massive glut weighs on prices, with crude producers sometimes having … Read moreThe Permian Gas Problem Is Just Getting Worse
December 23, 2019 Reuters U.S. natural gas futures fell nearly 5% on Monday on expectations of warmer weather, which would lead to a reduction in heating demand.Front-month gas futures for January delivery on the New York Mercantile Exchange were down 11.4 cents, or 4.9% to settle at $2.214 per million British thermal units (mmBtu), their bigger … Read moreU.S. natgas futures down nearly 5% on warmer weather forecasts
By Grant Smith Dec 22, 2019 (Bloomberg) Global oil markets notched up a number of milestones this year that echoed the story of the past decade: the world has shifted from an era of supply tightness to plenty.What distinguished the developments of 2019 was not just how big they were but often how little impact they had. … Read moreWhat the Last Decade Meant for Oil and What it Will Mean for the Decade Ahead
By Ann Koh and Grant Smith Dec 23, 2019 (Bloomberg) Oil steadied after the biggest decline in three weeks on Friday as Kuwait aimed to reach a deal with Saudi Arabia that will restore crude output along their border, and U.S. shale explorers boosted drilling. February futures held above $60 a barrel in New York … Read moreOil Steady After Biggest Loss in Three Weeks on Supply Outlook
By Gerson Freitas Jr. Dec 23, 2019 (Bloomberg) U.S. utilities are on a record borrowing spree this year, selling more than $90 billion in bonds for the first time ever. The surge in debt from NextEra Energy Inc., Duke Energy Inc. and other power giants comes as interest rates are at historic lows, leaving investors hungry … Read moreAmerica’s Utilities Are On a Record Borrowing Spree This Year
By Noah Smith Dec 23, 2019 (Bloomberg Opinion) In recent years, much of the commentary about climate change has gone from sternly serious to wildly despairing. A new report from the United Nation’s Intergovernmental Panel on Climate Change warns that the effects of climate change are accelerating and that the world has barely more than a decade to … Read moreWorst Case for Climate Change Doesn’t Look Realistic: Noah Smith
WRITTEN BY PIERRE GOSSELIN ON DEC 23, 2019. POSTED IN LATEST NEWS German evolutionary biologist and physiologist Prof. Dr. Ulrich Kutschera told in an interview that “CO2 is a blessing for mankind” and that the claimed “97% consensus” among scientists is “a myth.” 97% consensus claim “untenable” Kutschera, who has authored over three hundred scientific publications and twelve books, told the German … Read moreLeading Biologist Says ‘CO2 Is A Blessing’, Rejects Climate Doom
December 20, 2019 | Source: Archrock HOUSTON, Dec. 20, 2019 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced the closing of the previously announced private offering by Archrock Partners, L.P. (“Archrock Partners”), a wholly-owned subsidiary of Archrock, of $500 million aggregate principal amount of 6.250% senior notes due 2028 (the “Notes”). Archrock Partners Finance … Read moreArchrock Announces Closing of $500 Million of Senior Notes Offering
December 22, 2019 19:00 ET | Source: Apache Corporation HOUSTON, Dec. 22, 2019 (GLOBE NEWSWIRE) — Apache Corporation (NYSE, Nasdaq: APA) and Total S.A. (NYSE: TOT) today announced a joint venture agreement to explore and develop Block 58 offshore Suriname. Under the terms of the agreement, Apache and Total will each hold a 50 percent working interest … Read moreApache Corporation and Total S.A. Announce 50-50 Joint Venture in Block 58 Offshore Suriname; Total to Become Future Operator
December 23, 2019 06:00 ET | Source: Denbury Resources Inc. PLANO, Texas, Dec. 23, 2019 (GLOBE NEWSWIRE) — Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced that it has entered into a definitive agreement with a subsidiary of Navitas Petroleum (TASE: NVPT.L, “Navitas”) to sell half of its nearly 100% working interest position in … Read moreDenbury Resources to Farm-Down 50% of Its Working Interest in Four Texas Conventional Oil Fields to Navitas Petroleum for $50 Million; Transaction to Accelerate Conventional Drilling Opportunities Within Those Fields
December 23, 2019 06:45 ET | Source: Chaparral Energy Inc OKLAHOMA CITY, Dec. 23, 2019 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. (NYSE: CHAP) today announced that its Board of Directors has appointed Charles “Chuck” Duginski as President and Chief Executive Officer, effective December 20, 2019. Mr. Duginski succeeds K. Earl Reynolds in those roles as Mr. Reynolds … Read moreChaparral Energy Announces Appointment of Charles Duginski as President, Chief Executive Officer and Director and Changes to the Board of Directors
By Kevin Crowley Dec 21, 2019 (Bloomberg) This year has been one of moderate gains for the price of oil, but it has been bleak for producers.West Texas Intermediate crude is heading for an annual increase of more than 30%, but the best performance among the global oil majors has been Chevron Corp., which has posted … Read more2019: The Year of the Great Decoupling of Energy Stocks from Oil Creates Carnage
December 20, 2019 U.S. energy firms added the most oil rigs this week since February 2018 – primarily in the Permian shale – even though producers have been reducing spending on new drilling for much of this year.Companies added 18 oil rigs in the week to Dec. 20, bringing the total count to 685, the … Read moreU.S. drillers add most oil rigs in week since Feb 2018
ROBERT BERGMAN, Bedrock Automation If any of today’s large vendors of automation systems offer cyber security protection, odds are good that it has been bolted on after the fact. Cyber security was not an issue when these systems were originally designed, so swapping them out now would be a major challenge for both the vendor … Read moreNot All Built-in Cyber Security is Equal: 13 Questions for Your Automation Vendor
December 20, 2019 | Source: Riviera Resources, Inc. HOUSTON, Dec. 20, 2019 (GLOBE NEWSWIRE) — Riviera Resources, Inc. (OTCQX: RVRA) (“Riviera” or the “Company”) announces it has signed a definitive agreement to sell its interest in properties located in the Personville field in East Texas to an undisclosed buyer for a contract price of $34 million, … Read moreRiviera Resources Announces Sale of East Texas Personville Properties for $34 Million
By Tom Korosec and Edvard Pettersson Dec 20, 2019 (Bloomberg) Native American tribes cleared a hurdle in their lawsuit to block the Trump administration’s permit for the proposed Keystone XL oil pipeline from Canada. A federal judge in Montana on Friday rejected the Trump administration’s request to throw out the lawsuit. The tribes claim that … Read moreKeystone Pipeline Legal Challenge by Tribes Clears First Hurdle
By Rachel Adams-Heard Dec 20, 2019 (Bloomberg) Billionaire wildcatter Harold Hamm invited Elizabeth Warren to the Oklahoma oil patch as the U.S. Democratic presidential candidate proposes a ban on fracking if elected.In a letter dated Dec. 18, Hamm said he wanted Warren to tour “the economic engine that is our industry” while she visits her home … Read moreHarold Hamm Invites Elizabeth Warren on Tour of Shale Heartland
By Filipe Pacheco Dec 19, 2019 (Bloomberg) Saudi Aramco shares fell for a third straight session, with investors locking in some profits now that the catalyst of inclusion in stock indexes has past. Aramco slid 3.3% to 35.50 riyals in Riyadh on Thursday, underperforming the Tadawul All Share Index, which rose 0.5%. The oil giant was … Read moreAramco Extends Drop to Erase a Third of Initial IPO Rally
By Will Wade Dec 19, 2019 (Bloomberg)U.S. coal companies have been paying outsized returns to investors for the past two years, offering near-term compensation even as share values sank. That won’t last. Peabody Energy Corp. and Warrior Met Coal Inc. are among the miners that have paid out more than $1.25 billion to shareholders in dividends and … Read moreThe Good Times Are Over for Wall Street’s Coal-Stock Bulls
By Elizabeth Low and Grant Smith Dec 20, 2019 (Bloomberg) Oil is on track for a third weekly advance as the U.S. and China made progress toward a phase-one trade deal, supporting the outlook for fuel demand. Futures in New York steadied near $61 a barrel after settling on Thursday at the highest in more than … Read moreOil Heads for Third Weekly Gain on U.S.-China Trade Optimism
By James Herron and Olivia Konotey-Ahulu Dec 20, 2019 (Bloomberg)Royal Dutch Shell Plc expects capital expenditure to be near the lower end of the $24 billion to $29 billion range in 2019, as the company keeps a lid on spending amid concern about its ability to sustain hefty shareholder returns. The statement on fourth-quarter earnings … Read moreShell Keeps Spending Constrained Amid Concern About Buybacks
By Lorcan Roche Kelly Dec 20, 2019 (Bloomberg) Impeachment process delayed, new head of Bank of England and a busy markets session in store. Here are some of the things people in markets are talking about today. Not yet House Speaker Nancy Pelosi’s delay in handing over the impeachment case to the Senate risks diluting the Democrat case … Read moreFive Things to Know in World Business Today
Expands Operations Beyond Offshore Gulf of Mexico into Onshore U.S. in Utica and Marcellus Shales December 19, 2019 | Source: Empire Pipeline LLC NEW ORLEANS, Dec. 19, 2019 (GLOBE NEWSWIRE) — Empire Pipeline LLC (“Empire Pipeline” or the “Company”) today announced it has acquired an operational and financial interest in TROO Clean Environmental LLC (“TROO Clean”). … Read moreEmpire Pipeline Acquires Interest in TROO Clean Environmental
December 19, 2019 | Source: Gulfport Energy Corporation Entered into agreements to divest various non-core assets for approximately $86 million in up-front proceeds in addition to future contingent payments Repurchased $190 million aggregate principal amount of unsecured senior notes for $140 million year to date OKLAHOMA CITY, Dec. 19, 2019 (GLOBE NEWSWIRE) — Gulfport Energy Corporation … Read moreGulfport Energy Corporation Announces Divestiture of Non-Core Assets for a Total Value in Excess of $100 Million and Provides an Update on Accretive Debt Repurchases
By Lorcan Roche Kelly Dec 19, 2019 (Bloomberg) Big day for central banks, Trump impeached, and another look at year-end liquidity. Here are some of the things people in markets are talking about today. Ending the experiment The Swedish central bank ended half a decade of negative rates when it hiked its key borrowing cost to 0%, a … Read moreFive Things to Know in World Business Today
By Mikael Holter Dec 18, 2019 (Bloomberg) Norway has handed political control of its most important export to a former justice minister who’s raised doubt about climate science and whose actions last year almost toppled the government. The appointment of Sylvi Listhaug as petroleum and energy minister, overseeing the oil industry in western Europe’s biggest crude … Read moreNorway’s New Oil Chief Has a History Denying Climate Science
By Elizabeth Low and Alex Longley Dec 19, 2019 (Bloomberg) Oil hovered near $61 a barrel for a second day after the longest streak of gains in almost two months as traders weighed bearish signs of swelling U.S. fuel inventories against a decline in domestic crude stockpiles.Futures in New York were little changed. Official U.S. data … Read moreOil Rally Stutters as Plentiful Gasoline Muddies Demand Outlook
By Netty Ismail Dec 19, 2019 (Bloomberg) If 2019 was the year when a clutch of Middle East markets burst into the mainstream, then 2020 will test whether the foreign money keeps flooding in.The year opened with five Gulf Arab economies joining JPMorgan Chase & Co.’s emerging-market bond indexes. The spotlight stayed firmly on the region … Read moreAramco, Lebanon, Gulf Oil: A Guide to Middle East Risks in 2020
December 19, 2019| Source: Apergy Corporation Global leader for life of field production optimization solutions, including artificial lift equipment, chemical solutions, and digital technologies, offering customers increased productivity over the well lifecycle, with approximately 80% of revenue from production-related product lines Combined business expected to generate pro forma revenue of approximately $3.5 billion and adjusted EBITDA of … Read moreApergy to Combine with Ecolab’s Upstream Energy Business in a Tax-Free Transaction, Creating a Global Leader in Production-Optimization Solutions
By Rachel Adams-Heard Dec 17, 2019 (Bloomberg) Blackstone Infrastructure Partners LP agreed to buy out the remaining shares of U.S. pipeline operator Tallgrass Energy LP for about $2.2 billion after sweetening an initial offer made almost four months ago.Blackstone and its affiliates will acquire Tallgrass’s Class A shares for $22.45 apiece, the pipeline company said in … Read moreBlackstone Sweetens Tallgrass Pipeline Bid to End ‘Tumultuous Ride’
By Stephen Cunningham Dec 18, 2019 (Bloomberg) The golden age of U.S. shale is far from over, with an expected slowdown in the Permian Basin likely to be temporary, according to the new U.S. Energy Secretary.The shale boom helped transform the U.S. into a net exporter of crude and petroleum products in September from a major … Read moreU.S. Energy Chief Shrugs Off Permian Oil Slowdown as a ‘Pause’
By Sybilla Gross Dec 17, 2019 (Bloomberg) Bulls are relishing the recent swing toward a “more positive view” in markets, liquidity jitters in China are testing the bond market again and Indian asset managers are trouncing their global peers. Here are some of the things people in markets are talking about today. Don’t Stop Me Now While plenty of … Read moreFive Things to Know in World Business Today
By Jennifer Jacobs, Nick Wadhams and Lars Paulsson Dec 18, 2019 (Bloomberg)The U.S. has little leverage to prevent the Nord Stream 2 gas pipeline project between Russia and Germany from being completed, two administration officials said, acknowledging the failure of a years-long effort to head off what officials believe is a threat to European security.The … Read moreU.S. Concedes Defeat on Gas Pipeline It Sees as Russian Threat
By Rachel Adams-Heard Dec 18, 2019 (Bloomberg) WaterBridge Holdings LLC, a U.S. company that handles water for the fracking industry, is scooping up more infrastructure in the Permian Basin, this time from private equity-backed drillers. The closely held company has acquired almost 100 miles (161 kilometers) of pipeline and seven disposal wells from Primexx Energy Partners … Read moreWaterBridge Raises $345 Million for Permian Expansion
By Elizabeth Low and Grant Smith Dec 18, 2019 (Bloomberg) Oil retreated from a three-month high after an industry report showed a large build in U.S. crude and gasoline stockpiles, reviving concerns over renewed oversupply.Futures in New York fell as much as 1%, yet held above $60 a barrel after rising 3.7% over the past four … Read moreOil Slips From Three-Month High on Signs of U.S. Stockpile Gain
Click here to download the report Summary Amine systems in natural gas processing plants and crude oil refineries are prone to various forms of disruption, making them notoriously difficult to maintain in a steady state. Common causes of amine unit upset include: (1) liquid hydrocarbons that enter the amine system with the natural gas stream … Read moreTECHNICAL REPORT: Amine Sweetening Units – Can magnetic separation improve reliability and reduce filtration costs?
December 17, 2019 | Source: Devon Energy Corporation OKLAHOMA CITY, Dec. 17, 2019 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today announced it has entered into a definitive agreement to sell its assets in the Barnett Shale to Banpu Kalnin Ventures (BKV) for $770 million. This transaction is subject to customary terms and conditions and is … Read moreDevon Energy Announces Sale of Barnett Shale for $770 Million; Announces New $1 Billion Share-Repurchase Program
By Joe Carroll Dec 17, 2019 (Bloomberg) Although drillers in North America’s biggest oil field are burning off more natural gas than ever before, industry advocates say it’s not as bad as it looks. Methane-emissions intensity in the Permian Basin plunged 64% in the past seven years, even as crude production surged, according to a report … Read moreYou’re Looking at Methane Emissions All Wrong, Industry Says
By Will Mathis Dec 16, 2019 (Bloomberg) Coal consumption is set to rise in the coming years as growing demand for electricity in developing countries outpaces a shift to cleaner sources of electricity in industrialized nations.While use of the most polluting fossil fuel had a historic dip in 2019, the International Energy Agency anticipates steady increases … Read moreCoal Endures as World’s Favorite Fuel for Electricity Generation
By Lorcan Roche Kelly Dec 17, 2019 (Bloomberg) Boeing 737 halt big enough to hit U.S. GDP, pound gives up all U.K. election gains, and further details of trade deal implementation emerge. Here are some of the things people in markets are talking about today. Max effect Boeing’s decision to halt production of the 737 Max in January will add … Read moreFive Things to Know in World Business Today
By Melodie Warner and Scott Deveau Dec 16, 2019 (Bloomberg) Marathon Petroleum Corp. entered into a cooperation agreement with activist investor Elliott Management Corp. as its continues to look for a replacement for Gary Heminger, the U.S. oil refiner’s outgoing chief executive officer. Elliott will support the slate of directors proposed at next year’s meeting of … Read moreMarathon Petroleum Reaches Elliott Accord Amid CEO Search
By Elizabeth Low and Grant Smith Dec 17, 2019 (Bloomberg) Oil rose to a fresh three-month high above $60 a barrel on optimism the partial U.S.-China trade pact will bolster demand, while analysts estimated a pullback in American crude stockpiles.Futures gained 0.5% in New York after rising 2.5% over the previous three sessions. A limited trade agreement, … Read moreOil Rises to Three-Month High Above $60 on Trade-Pact Optimism
By Bloomberg News Dec 17, 2019 (Bloomberg) China is breaking records for crude oil imports and isn’t likely to stop soon as new refineries ramp up and hopes grow that the easing of trade tensions with the U.S. will bolster the economy. Even as economic expansion has slowed, the pace of growth still requires ever more … Read moreChina’s Oil Imports Are Most World’s Ever Seen And Still Growing
By Archana Narayanan Dec 17, 2019 (Bloomberg) Saudi Arabia and investors have long been at odds about the value of the kingdom’s crown jewel. After a four-year journey that’s been marked with delays, disagreements over valuation and devastating attacks on Aramco’s oil facilities, the kingdom’s de-facto ruler hit his target on Monday: a $2 trillion company.Here’s how … Read moreDrones, Delays and Disputes: Aramco’s Rocky Road to $2 Trillion
December 16, 2019 | Source: Petroteq Energy Inc. SHERMAN OAKS, Calif., Dec. 16, 2019 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE:PQCF), is a fully integrated oil company focused on the development and implementation of its new proprietary technology for oil extraction with producing assets at Asphalt Ridge near Vernal Utah, is … Read morePetroteq Announces Update on Oil Production and Oil Quality Baseline
December 16, 2019 | Source: Rosehill Resources Inc. HOUSTON, Dec. 16, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) today announced its 2020 guidance along with an operational update. 2020 Guidance: Expecting cash flow neutrality, or better for 2020 based on forecasted production, capital expenditures and cash flow Estimated … Read moreRosehill Resources Inc. Provides 2020 Guidance and an Operations Update
SIOUX FALLS, S.D. — South Dakota Governor Kristi Noem is planning to have another try at so-called riot-boosting laws next year, despite previously drawing criticism for supporting such laws ahead of protests related to the Keystone XL pipeline. The Republican governor has written to lawmakers with proposed changes to laws passed earlier this year that … Read moreSouth Dakota governor plans revision of riot-boosting laws
December 16, 2019 Reuters0 Comments U.S. natural gas futures rose 2% on Monday on forecasts confirming cold weather and high heating demand this week, despite an outlook showing next week will be warmer than previously expected. Traders noted the latest weather forecast also called for a likely return of cold in January. Front-month gas futures for … Read moreU.S. natgas futures rise 2% on cold forecasts for this week and in January
By Lynn Doan and Dan Murtaugh Dec 13, 2019 (Bloomberg) Perhaps for the first time ever, Erin Brockovich and PG&E Corp. are on the same side.Brockovich is best known for her success fighting the California utility giant in court over water contamination, a battle later depicted in an Academy Award-winning film starring Julia Roberts. But on … Read moreFor Once, Erin Brockovich and PG&E Are Fighting On The Same Side
12/16/2019 Initiating Dividend in Conjunction With Accretive Felix Acquisition Transaction is accretive on all important metrics: EPS, CFPS, FCF per share, ROCE and NAV Felix production stream of 70% oil enhances WPX’s margins and oily inventory De-risked acquisition creates greater cashflow certainty for dividend and share buybacks Purchase price 3.5 times 2020 EBITDAX @ $50 … Read moreWPX ENERGY ACCELERATES 5-YEAR VISION WITH OPPORTUNISTIC FELIX ENERGY TRANSACTION
By Lorcan Roche Kelly Dec 16, 2019 (Bloomberg) It’s PMI day, China gets twin boost, and markets on liquidity watch. Here are some of the things people in markets are talking about today. Feeble factories There’s more weakness in Europe’s manufacturing sector, according to Purchasing Managers Indexes. In Germany, the factory slump deepened again with output unexpectedly falling to 43.4 … Read moreFive Things to Know in World Business Today
By Filipe Pacheco Dec 15, 2019 (Bloomberg) Saudi Aramco shares advance for a third session — though the market valuation remained below $2 trillion — with investors focusing on the energy company’s inclusion in major international equity indexes this week. The stock climbed 1.6% in Riyadh, extending gains since it started trading on Wednesday to 17%. … Read moreAramco Up for Third Session With Eye on Passive Flows: Inside EM
By Elizabeth Low and Grant Smith Dec 16, 2019 (Bloomberg) Oil steadied near a three-month high on cautious optimism that a preliminary trade deal between the U.S. and China will support global fuel consumption. Futures held near $60 a barrel in New York after settling at the highest since Sept. 16 on Friday. The deal involves China buying … Read moreOil Near Three-Month High on Cautious Optimism Over Trade Deal
December 16, 2019 | Source: Hi-Crush Inc. HOUSTON, Dec. 16, 2019 (GLOBE NEWSWIRE) — Hi-Crush Inc. (NYSE: HCR), or the “Company”, today announced that on December 11, 2019, the Company received a letter from the New York Stock Exchange (the “NYSE”) notifying it that, over a period of 30 consecutive trading days, the average closing price of … Read moreHi-Crush Inc. Receives Notice from NYSE Regarding Continued Listing Requirements
December 16, 2019 | Source: Archrock Services, L.P. HOUSTON, Dec. 16, 2019 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today announced that Archrock Partners, L.P. (“Archrock Partners”), a wholly-owned subsidiary of Archrock, intends, subject to market and other conditions, to offer and sell to eligible purchasers $400 million aggregate principal amount of senior notes due … Read moreArchrock Announces Private Offering of $400 Million of Senior Notes
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