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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Nov 14, 2019 Mixed global growth picture, impeachment hearings signal battles ahead, and Hong Kong unrest continues. Here are some of the things people in markets are talking about today. Dodging recession Germany’s economy eked out 0.1% growth in the third quarter, narrowly averting recession against expectations. Growth for the euro area was just 0.2%, … Read moreFive Things to Know in World Business Today

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U.S. Boosts Oil-Output Forecast While Industry Warns of Slowdown

By Stephen Cunningham Nov 14, 2019 (Bloomberg) The pioneers of the U.S. shale boom are warning of a slowdown in oil production growth, but it appears the U.S. government doesn’t agree. The Energy Information Administration revised up its forecast for the growth rate for crude output in 2020 to 1 million barrels a day from 910,000 barrels a … Read moreU.S. Boosts Oil-Output Forecast While Industry Warns of Slowdown

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Oil Rises on Signs of U.S. Supply Drop, OPEC’s Shale Outlook

By Elizabeth Low and Grant Smith  Nov 14, 2019 (Bloomberg)Oil rose for a second day after an industry report pointed to a drop in U.S. inventories, and as OPEC said it sees potential for a “sharp” slowdown in American shale output next year. Futures added 1.1% in New York. Expectations that the U.S. government will … Read moreOil Rises on Signs of U.S. Supply Drop, OPEC’s Shale Outlook

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The IEA’s New Energy Outlook Comforts No One: Liam Denning

By Liam Denning Nov 13, 2019 (Bloomberg Opinion) The International Energy Agency would like you to know it is not  in the business of making predictions: The WEO [World Energy Outlook] analyses the choices that will shape our energy use, our environment and our wellbeing. It is not, and has never been, a forecast of where the energy … Read moreThe IEA’s New Energy Outlook Comforts No One: Liam Denning

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Boys Club of Oil and Gas CEOs Sees Woman Join Their Ranks

By Laura Hurst Nov 13, 2019 The male-dominated club of oil and gas chief executives just received a new female member.Katherine Roe was appointed interim chief executive officer of Wentworth Resources Plc after the company announced Eskil Jersing was leaving the company with immediate effect on Wednesday. Roe will retain her role as chief financial … Read moreBoys Club of Oil and Gas CEOs Sees Woman Join Their Ranks

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Oil Firms Braces for a Credit Crunch as Lender Patience Wears Thin

By Kiel Porter, Allison McNeely and Rachel Adams-Heard Nov 13, 2019 (Bloomberg) Troubled energy companies have had a rough ride this year, but the worst may not be over as a pile of debt starts coming due about a year from now.North American oil and gas producers have about $93 billion of debt coming due by … Read moreOil Firms Braces for a Credit Crunch as Lender Patience Wears Thin

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Targa Resources Partners LP Prices Upsized $1.0 Billion Offering of Senior Notes

Targa Resources

November 13, 2019 17:05 ET | Source: Targa Resources Corp. HOUSTON, Nov. 13, 2019 (GLOBE NEWSWIRE) — Targa Resources Partners LP (the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE: TRGP), and the Partnership’s subsidiary Targa Resources Partners Finance Corporation announced today the pricing of an upsized offering of $1.0 billion aggregate principal amount of senior unsecured … Read moreTarga Resources Partners LP Prices Upsized $1.0 Billion Offering of Senior Notes

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Enservco Reports 2019 Third Quarter and Nine-Month Financial Results

November 13, 2019 | Source: Enservco Nine-Month Results – 2019 vs. 2018 Total revenue increased 19% to $38.1 million from $32.0 million Well enhancement service revenue up 19% to $34.9 million from $29.5 million Water transfer service revenue up 25% to $3.2 million from $2.6 million Net loss improved 19% to $4.3 million from net loss … Read moreEnservco Reports 2019 Third Quarter and Nine-Month Financial Results

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Company: Dakota Access Expansion Doesn’t Increase Risk

LINTON, N.D. — Dakota Access pipeline officials argued Wednesday that the company’s proposal to double the line’s capacity does not increase the potential of a failure, a claim that has been long dismissed by opponents of the idea. Texas-based Energy Transfer wants to double the capacity of the pipeline to as much as 1.1 million … Read moreCompany: Dakota Access Expansion Doesn’t Increase Risk

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Epsilon Reports Third Quarter 2019 Results

November 13, 2019  | Source: Epsilon Energy Ltd. HOUSTON, Nov. 13, 2019 (GLOBE NEWSWIRE) — Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported third quarter 2019 financial and operating results. Michael Raleigh, CEO, commented, “Following the initial flow-back and testing phase the operator turned in-line to sales four lower Marcellus wells on October … Read moreEpsilon Reports Third Quarter 2019 Results

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Oil Declines Amid Concern Over Trade Talks, Long-Term Demand

By Elizabeth Low and Grant Smith  Nov 13, 2019 (Bloomberg) Oil fell for a third day amid concerns over the U.S.-China trade dispute, and signs of another increase in American crude stockpiles.Futures declined as much as 1.1% in New York. President Donald Trump’s speech on Tuesday disappointed investors after he gave little insight on how the impasse with Beijing … Read moreOil Declines Amid Concern Over Trade Talks, Long-Term Demand

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Exxon’s Climate Trial Is Over, But the Legal War Is Just Beginning

By Erik Larson Nov 13, 2019 (Bloomberg) When New York’s climate change lawsuit against Exxon Mobil went on trial last month in a Manhattan courtroom, the energy giant’s lead lawyer took great pains to emphasize that the state’s allegations weren’t really about climate change.After all, Theodore Wells said, Exxon was accused of hatching a cynical, arguably pedestrian scheme … Read moreExxon’s Climate Trial Is Over, But the Legal War Is Just Beginning

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Nov 13, 2019 (Bloomberg) Wall Street awaits Powell testimony, public impeachment inquiry hearings begin, and another warning on oil demand. Here are some of the things people in markets are talking about today. Powell’s turn In his speech to the Economic Club of New York yesterday President Donald Trump renewed his assault on … Read moreFive Things to Know in World Business Today

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Lilis Energy Announces Appointment of Joseph C. Daches as Chief Executive Officer

November 13, 2019| Source: Lilis Energy Inc. FORT WORTH, Texas, Nov. 13, 2019 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX), an exploration and production company operating in the Permian Basin of West Texas and Southeastern New Mexico, announced that Joseph C. Daches has been appointed Chief Executive Officer. Mr. David Wood, Chairman of the … Read moreLilis Energy Announces Appointment of Joseph C. Daches as Chief Executive Officer

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Enservco Receives Letter of Non-Compliance from NYSE American Related to Low Share Price

November 12, 2019 | Source: Enservco DENVER, Nov. 12, 2019 (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 has received notification from the NYSE American LLC (the “NYSE American”) indicating that the NYSE American has … Read moreEnservco Receives Letter of Non-Compliance from NYSE American Related to Low Share Price

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Halcón Resources Announces Third Quarter 2019 Results

November 12, 2019 | Source: Halcon Resources Corporation HOUSTON, Nov. 12, 2019 (GLOBE NEWSWIRE) — Halcón Resources Corporation (“Halcón” or the “Company”) today announced its third quarter 2019 results. Average daily net production for the quarter ended September 30, 2019 was 16,489 Boe/d, of which 57% was oil. The Company earned $50.8 million of total revenue for … Read moreHalcón Resources Announces Third Quarter 2019 Results

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Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Announces Closing of Reliance Gathering Acquisition

November 12, 2019 | Source: Rattler Midstream LP MIDLAND, Texas, Nov. 12, 2019 (GLOBE NEWSWIRE) — Rattler Midstream LP (Nasdaq: RTLR) (“Rattler”), a subsidiary of Diamondback Energy, Inc. (Nasdaq: FANG) (“Diamondback”), announced today the closing of the previously announced acquisition of Reliance Gathering, LLC (“Reliance Gathering”) by its newly-formed joint venture with Oryx Midstream (“Oryx”), a … Read moreRattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Announces Closing of Reliance Gathering Acquisition

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Lukasz Skalka, founder Osprey Informatics, interviewed by Amazon Web Services (AWS)

Osprey Logo - December 2018 Update Feature

Lukasz Skalka, founder Osprey Informatics, interviewed by Amazon Web Services (AWS) where he shares his thoughts on innovating within the oil & gas industry, managing a start-up in Canada and the one thing he can’t do without.     A major shift is taking place in the oil and gas industry. Whereas it was hard … Read moreLukasz Skalka, founder Osprey Informatics, interviewed by Amazon Web Services (AWS)

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Global Oil Demand to Hit a Plateau Around 2030, IEA Predicts

By Grant Smith Nov 12, 2019 (Bloomberg) Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.While the current growth rate of 1 million barrels a day — or about 1% — will hold for … Read moreGlobal Oil Demand to Hit a Plateau Around 2030, IEA Predicts

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Chesapeake Says Top Investor NGP Distributed Shares to Partners

By Carlos Caminada Nov 12, 2019 (Bloomberg) Chesapeake Energy Corp., the U.S. natural gas producer that’s struggling under the burden of a high debt-load and low prices, said its second-biggest investor distributed its stake to its limited partners. NGP Energy Capital Management LLC “made an in kind pro rata distribution of the shares” to partners … Read moreChesapeake Says Top Investor NGP Distributed Shares to Partners

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Thousands to lose jobs as German wind crisis hits Enercon

Wind Turbines

Market won’t recover if Berlin goes through with ill-designed climate package, company chief Kettwig warns by Bernd Radowitz in Berlin Original Thousands of workers will lose their jobs at Enercon and outsourced production companies closely aligned to the German wind turbine manufacturer as a collapse in the wind power expansion in its home market hits the … Read moreThousands to lose jobs as German wind crisis hits Enercon

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Oil Drops From a Six-Week High on Slippery Trade-War Signals

By Jacquelyn Melinek  Nov 11, 2019 (Bloomberg) Oil fell as equity markets faltered on concern chances of a U.S.-China trade settlement are slipping away.Futures in New York fell 0.7% on Monday. President Donald Trump dashed expectations over the weekend that a trade deal had been reached. Meanwhile, Oman’s oil chief said OPEC and allied producers probably won’t … Read moreOil Drops From a Six-Week High on Slippery Trade-War Signals

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Nov 12, 2019 (Bloomberg) Wall Street awaits Trump speech, Hong Kong on brink of “total breakdown,” and a bonus warning for bankers. Here are some of the things people in markets are talking about today. Trade update? Markets, as ever, are hungry for good news on trade with stocks dropping yesterday as concerns rose that the … Read moreFive Things to Know in World Business Today

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The U.S. Coal Producers Plowing Ahead With New Mines in a Rout

By Will Wade Nov 12, 2019 (Bloomberg) As coal prices tumble and bankruptcies rise, a few U.S. miners are still pushing ahead with plans to expand. Arch Coal Inc. and Consol Energy Inc. remain on track to open new mines to dig steelmaking, or metallurgical, coal from the West Virginia hills. That’s even as the … Read moreThe U.S. Coal Producers Plowing Ahead With New Mines in a Rout

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One of America’s Biggest Solar Panel Makers Quits Manufacturing

By Will Wade Nov 11, 2019 (Bloomberg) SunPower Corp., one of America’s largest solar-panel makers, is giving up its manufacturing business to focus on installing rooftop solar systems. The company is spinning off its panel production operations into a new company, Maxeon Solar, that will be based in Singapore with factories in France, Malaysia, Mexico … Read moreOne of America’s Biggest Solar Panel Makers Quits Manufacturing

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OPEC+ Risks Oil Slump Below $50 Without Deeper Supply Curbs

By Grant Smith Nov 12, 2019 (Bloomberg) With their next meeting just weeks away, OPEC and its partners are showing no impetus for stronger action to support oil prices. But without intervention, some influential forecasters say a new supply glut could send the market crashing early next year.Crude prices, trading at about $62 a barrel in London, … Read moreOPEC+ Risks Oil Slump Below $50 Without Deeper Supply Curbs

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Chaparral Energy Announces Third Quarter 2019 Financial and Operational Results

November 11, 2019 | Source: Chaparral Energy Inc OKLAHOMA CITY, Nov. 11, 2019 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. (NYSE: CHAP) announced today its third quarter 2019 financial and operational results. The company will hold its quarterly earnings call Tuesday, November 12, at 9 a.m. Central. Recent Highlights Achieved third quarter 2019 total production of 26.2 … Read moreChaparral Energy Announces Third Quarter 2019 Financial and Operational Results

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Contango Announces Third Quarter 2019 Financial Results and Provides Operational Update

November 12, 2019 | Source: Contango Oil & Gas HOUSTON, Nov. 12, 2019 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today its financial results for the third quarter ended September 30, 2019 and provided an operational update. Third Quarter Highlights Replaced our maturing credit agreement with a new … Read moreContango Announces Third Quarter 2019 Financial Results and Provides Operational Update

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Sanchez Midstream Partners Reports Third-Quarter 2019 Financial Results

November 12, 2019 | Source: Sanchez Midstream Partners LP HOUSTON, Nov. 12, 2019 (GLOBE NEWSWIRE) — Sanchez Midstream Partners LP (NYSE American: SNMP) (“SNMP” or the “Partnership”) today reported third-quarter 2019 results. Highlights from the report include: Third-quarter 2019 net loss of $6.8 million, compared to net income of $3.9 million for second-quarter 2019 and net income … Read moreSanchez Midstream Partners Reports Third-Quarter 2019 Financial Results

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TC Energy says Keystone pipeline has restarted after breach in North Dakota

CALGARY — The owner of the Keystone pipeline says the line has returned to service after a breach that leaked an estimated 1.4 million litres of oil in northeastern North Dakota late last month. TC Energy Corporation says the move follows the approval of its repair and restart plan by the U.S. Pipeline and Hazardous Materials … Read moreTC Energy says Keystone pipeline has restarted after breach in North Dakota

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U.S. oil drillers cut rigs for third week in a row

November 8, 2019 Reuters U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row as producers cut spending on new drilling, even though most are still increasing output as they benefit from efficiency gains.Drillers cut seven oil rigs in the week to Nov. 8, bringing the total … Read moreU.S. oil drillers cut rigs for third week in a row

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Oil Stalls Close to Six-Week High on Slippery Trade-War Signals

By Jacquelyn Melinek Nov 11, 2019 (Bloomberg) Oil stalled close to a six-week high as equity markets faltered on concern chances of a U.S.-China trade settlement are slipping away.Futures in New York traded just 23 cents shy of the six-week closing high reached on Nov. 8. President Donald Trump dashed expectations over the weekend that a trade … Read moreOil Stalls Close to Six-Week High on Slippery Trade-War Signals

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Frack-Sand Supplier Tumbles After ‘Going Concern’ Warning

By David Wethe Nov 11, 2019 (Bloomberg) Carbo Ceramics Inc. plunged 47% after warning investors it may fail as a going concern in part because its largest frack-sand customer halted purchases.The slump on Monday was the fracking sand provider’s worst since its 1996 debut as a public company. The Houston-based company issued the warning in … Read moreFrack-Sand Supplier Tumbles After ‘Going Concern’ Warning

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Nov 11, 2019 (Bloomberg) Hong Kong violence escalates, Aramco predicts peak oil demand, and political fault lines exposed. Here are some of the things people in markets are talking about today. Clashes Hong Kong has seen one of its most violent days since June, with clashes between demonstrators and police intensifying after an officer … Read moreFive Things to Know in World Business Today

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Saudi Aramco targets sale of 0.5% of oil firm to retail investors in IPO -sources

November 10, 2019 Reuters Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with the matter told Reuters.The Saudi oil group has not yet revealed the size of its planned IPO or what proportion of the company it … Read moreSaudi Aramco targets sale of 0.5% of oil firm to retail investors in IPO -sources

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Unicat Catalyst Technologies Presents Pressure Swing Adsorption (PSA) Seminar 2019 in New Orleans, LA – Nov 14 & 15

Unicat Catalyst Tech Feature Logo 400x270

UNICAT Catalyst Technologies, Inc. welcomes you to our Pressure Swing Adsorption Seminar to be held at the Hilton New Orleans Riverside in New Orleans, LA on November 14 – 15, 2019. Regardless of your experience, you will leave with the fundamentals of PSA systems and the knowledge and valuable trouble shooting skills to optimize your … Read moreUnicat Catalyst Technologies Presents Pressure Swing Adsorption (PSA) Seminar 2019 in New Orleans, LA – Nov 14 & 15

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Growing Midstream Oil and Gas Service Provider Selects Bedrock® Open Secure Automation Platform

Bedrock Automation Feature Logo 400x270

Pinnacle Midstream, a Houston-based supplier of storage and processing services for the oil and gas industry, has selected the Bedrock® OSA® control system as the automation platform for its crude oil receipt and delivery points. The Bedrock system will coordinate flow of product from partners, through the Pinnacle processing facilities and onto refiners and shippers. … Read moreGrowing Midstream Oil and Gas Service Provider Selects Bedrock® Open Secure Automation Platform

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Fabric Buildings are the perfect Solutions for Critical Infrastructure throughout North America – G&B Portable Fabric Buildings

GB-Portable-Fabric-Buildings-Feature-Logo-400x270

Author: Nancy Abrams Critical Components Infrastructure by G&B Portable Fabric Buildings The Energy Sectors and Commercial Construction markets are growing, and new pipelines, pipeline expansions and processing facilities are required to meet these new demands. G&B’s Portable Fabric Building Systems can be installed permanently or temporarily for all Resource Management Construction Sites and Energy Projects. Contributing … Read moreFabric Buildings are the perfect Solutions for Critical Infrastructure throughout North America – G&B Portable Fabric Buildings

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Aramco IPO Prospectus Flags Peak Oil Demand Risk in 20 Years

By Matthew Martin and Javier Blas Nov 10, 2019 (Bloomberg) Global oil demand may peak within the next 20 years, according to an assessment included in the prospectus for Saudi Aramco’s initial public offering, suggesting views are slowly changing in the kingdom where officials long dismissed the notion as overblown.Rather than providing its own assessment, … Read moreAramco IPO Prospectus Flags Peak Oil Demand Risk in 20 Years

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Iran Claims to Discover 53 Billion Barrels in New Oil Reserves

By Arsalan Shahla Nov 10, 2019 (Bloomberg)Iran discovered an oil field containing the equivalent of 53 billion barrels, potentially boosting its reserves as the OPEC member struggles to overcome the effects of sanctions on its energy industry. It wasn’t immediately clear how much of the oil discovered in southern Khuzestan province is new, or how … Read moreIran Claims to Discover 53 Billion Barrels in New Oil Reserves

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OPEC Looks Ahead and Sees Oil’s Plateau: Nathaniel Bullard

By Nathaniel Bullard (Bloomberg Opinion) –The Organization of the Petroleum Exporting Countries this week published its annual World Oil Outlook, a reliably huge and dense examination of the future of the cartel’s main product, as well as the markets that will drive its growth and compete against it. Bloomberg Opinion’s Liam Denning referred to this year’s … Read moreOPEC Looks Ahead and Sees Oil’s Plateau: Nathaniel Bullard

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Wind Turbine Disposal Issue Shows There’s No Free Renewables Lunch

by Natural Gas Now Guest Blogger Shocker! Getting rid of an old wind turbine is proving to be quite an issue and a high expense, showing renewables are neither free nor especially green. In Minnesota, Xcel Energy estimates conservatively that it will cost $532,000 (in 2019 dollars) to decommission each of its wind turbines—a total cost of $71 million … Read moreWind Turbine Disposal Issue Shows There’s No Free Renewables Lunch

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Rare permit for Keystone oil pipeline in spotlight after spills

November 8, 2019 Reuters TransCanada workers inspect Keystone Pipeline after leak detected in South Dakota   The massive Keystone pipeline has been transporting oil from Canada to the United States at a higher-than-standard level of pressure since it started operating in 2010, thanks to a special permit granted by U.S. regulators on the condition operator … Read moreRare permit for Keystone oil pipeline in spotlight after spills

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Exxon calls N.Y. Climate Case a ‘Cruel Joke’ on Last Day of Trial

By Erik Larson Nov 7, 2019, (Bloomberg) The New York attorney general’s office dropped its claim that Exxon Mobil Corp. intentionally misled investors about how it accounts for the financial risks of climate change, significantly diminishing the state’s case in the last minutes of a high-stakes securities fraud trial.Assistant Attorney General Jonathan Zweig caused a … Read moreExxon calls N.Y. Climate Case a ‘Cruel Joke’ on Last Day of Trial

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Oil Falls Amid Uncertainty Over Trade War and OPEC Supply Cuts

By Ann Koh and Grant Smith Nov 8, 2019 (Bloomberg) Oil fell as traders awaited more concrete signs that the U.S. and China are resolving their trade dispute, and amid concerns that OPEC and its partners won’t deepen output curbs to prevent a glut. Futures lost as much as 1.9% in New York. The U.S. and … Read moreOil Falls Amid Uncertainty Over Trade War and OPEC Supply Cuts

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Nov 8, 2019 (Bloomberg) U.S. confirms phase one trade deal would include tariff rollback, doubts increase over Aramco’s valuation, and markets drop their defensives. Here are some of the things people in markets are talking about today. Yes, but White House economic adviser Larry Kudlow confirmed to Bloomberg that tariff agreements and concessions would … Read moreFive Things to Know in World Business Today

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Aramco Taps Saudi Billionaires for Major IPO Orders

By Dinesh Nair and Matthew Martin Nov 8, 2019 (Bloomberg) Saudi Arabia is negotiating commitments from its wealthiest citizens to buy stock in the Aramco initial public offering, from the Olayan family and Prince Alwaleed Bin Talal to low-profile tycoons in the oil producer’s backyard, people with knowledge of the matter said. The billionaire Olayans, … Read moreAramco Taps Saudi Billionaires for Major IPO Orders

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Rosehill Resources Inc. Reports Third Quarter 2019 Results

November 07, 2019 17:00 ET | Source: Rosehill Resources Inc. HOUSTON, Nov. 07, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) today reported financial and operational results for the quarter ended September 30, 2019. Third Quarter 2019 Highlights and Recent Items: Average net production of 20,576 barrels of oil equivalent … Read moreRosehill Resources Inc. Reports Third Quarter 2019 Results

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Key Energy Services Reports Third Quarter 2019 Earnings

November 07, 2019 | Source: Key Energy Services, Inc. HOUSTON, Nov. 07, 2019 (GLOBE NEWSWIRE) — Key Energy Services, Inc. (“Key” or the “Company”) reported third quarter 2019 consolidated revenues of $106.5 million and a net loss of $25.5 million, or $(1.25) per share as compared to consolidated revenues of $112.9 million and a net loss … Read moreKey Energy Services Reports Third Quarter 2019 Earnings

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RigNet Announces Third Quarter 2019 Earnings Results

November 07, 2019 | Source: RigNet, Inc. HOUSTON, Nov. 07, 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 September 30, 2019. Increased quarterly revenue 1.1% to $61.0 million compared to the prior quarter Net loss … Read moreRigNet Announces Third Quarter 2019 Earnings Results

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

November 07, 2019  | Source: Mammoth Energy Services, Inc. OKLAHOMA CITY, Nov. 07, 2019 (GLOBE NEWSWIRE) — Mammoth Energy Services, Inc. (“Mammoth” or the “Company”) (NASDAQ: TUSK) today reported financial and operational results for the third quarter ended September 30, 2019. Financial Highlights for the Third Quarter of 2019: Total revenue was $113.4 million for the three … Read moreMammoth Energy Services, Inc. Announces Third Quarter 2019 Operational and Financial Results

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Lilis Energy Reports Third Quarter 2019 Operating and Financial Results and Provides Fourth Quarter Guidance & Announces the Formation of Special Committee and Engagement of a Financial Advisor to Explore Strategic Alternatives

Management to Review Financial Results and Provide an Update on Corporate Developments on Conference Call Webcast at 11:00 a.m. ET on Friday, November 8, 2019 November 07, 2019  | Source: Lilis Energy Inc. FORT WORTH, Texas, Nov. 07, 2019 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX), an exploration and production company operating in the … Read moreLilis Energy Reports Third Quarter 2019 Operating and Financial Results and Provides Fourth Quarter Guidance & Announces the Formation of Special Committee and Engagement of a Financial Advisor to Explore Strategic Alternatives

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Biggest OPEC+ Producers Aren’t Pushing for Deeper Oil Cuts

By Grant Smith and Salma El Wardany Nov 6, 2019 (Bloomberg) The biggest producers in OPEC+ aren’t pushing for deeper oil-supply cuts when the group meets next month, according to delegates across the coalition.The Organization of Petroleum Exporting Countries and its allies are more likely to stick to their current output targets and encourage members … Read moreBiggest OPEC+ Producers Aren’t Pushing for Deeper Oil Cuts

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Canada’s Encana reveals Denver will be its new headquarters after leaving Calgary

CALGARY — Encana Corp. says its new head office will be in Denver following a reorganization that will include changing its name to Ovintiv. The Calgary-based company didn’t say which city would be its home base when it announced last week it would establish a “corporate domicile” in the United States to replace its longstanding … Read moreCanada’s Encana reveals Denver will be its new headquarters after leaving Calgary

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Vantage Drilling International Reports Third Quarter Results for 2019

November 07, 2019  | Source: Vantage Drilling International HOUSTON, Nov. 07, 2019 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) reported a net loss attributable to controlling interest of approximately $25.7 million or $5.14 per share for the three months ended September 30, 2019 compared to a net loss attributable to controlling interest of … Read moreVantage Drilling International Reports Third Quarter Results for 2019

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Targa Resources Corp. Reports Third Quarter 2019 Financial Results and Provides Preliminary 2020 Growth Capital Outlook

Targa Resources

November 07, 2019  | Source: Targa Resources Corp. HOUSTON, Nov. 07, 2019 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“TRC”, the “Company” or “Targa”) today reported third quarter 2019 results. Third Quarter 2019 Financial Results Third quarter 2019 net loss attributable to Targa Resources Corp. was $47.3 million compared to a net loss of $23.7 million … Read moreTarga Resources Corp. Reports Third Quarter 2019 Financial Results and Provides Preliminary 2020 Growth Capital Outlook

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Denbury Resources Reports Third Quarter 2019 Results

November 07, 2019 | Source: Denbury Resources Inc. PLANO, Texas, Nov. 07, 2019 (GLOBE NEWSWIRE) — Denbury Resources Inc. (NYSE: DNR) (“Denbury” or the “Company”) today announced net income of $73 million, or $0.14 per diluted share, for the third quarter of 2019.  Adjusted net income(1) (a non-GAAP measure) was $41 million, or $0.08(1)(2) per diluted share, with the … Read moreDenbury Resources Reports Third Quarter 2019 Results

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Natural Gas Services Group, Inc. Reports Third Quarter 2019 Financial and Operating Results

November 07, 2019| Source: Natural Gas Services Group, Inc. Midland, Nov. 07, 2019 (GLOBE NEWSWIRE) — Natural Gas Services Group, Inc. (“NGS” or the “Company”) (NYSE:NGS), a leading provider of gas compression equipment and services to the energy industry, today announced financial results for the three and nine months ended September 30, 2019. Third Quarter 2019 … Read moreNatural Gas Services Group, Inc. Reports Third Quarter 2019 Financial and Operating Results

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COMSTOCK RESOURCES, INC. REPORTS THIRD QUARTER 2019 FINANCIAL AND OPERATING RESULTS

November 07, 2019| Source: Comstock Resources, Inc. Frisco, TX, Nov. 07, 2019 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the third quarter of 2019.  On July 16, 2019, Comstock completed the acquisition of Covey Park Energy, LLC (“Covey Park”).  The Company’s financial results include … Read moreCOMSTOCK RESOURCES, INC. REPORTS THIRD QUARTER 2019 FINANCIAL AND OPERATING RESULTS

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Ultra Petroleum Corp. Announces Third Quarter 2019 Results Outperforming Guidance on Production and Provides Operations Update with Vertical Well Costs Improved by 12% to an Average of $2.8 Million

November 07, 2019| Source: Ultra Petroleum Corp. ENGLEWOOD, Colo., Nov. 07, 2019 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra” or the “Company”) (OTCQX: UPLC) announces financial and operating results for the quarter ended September 30, 2019. Financial and Operating Highlights: Third quarter production was 60.2 billion cubic feet equivalent (“Bcfe”) or 654 MMcfe per day, at … Read moreUltra Petroleum Corp. Announces Third Quarter 2019 Results Outperforming Guidance on Production and Provides Operations Update with Vertical Well Costs Improved by 12% to an Average of $2.8 Million

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Berry Reports Third Quarter 2019 Results; Announces Quarterly Dividend

November 07, 2019 09:00 ET | Source: Berry Petroleum Company, LLC DALLAS, Nov. 07, 2019 (GLOBE NEWSWIRE) — Berry Corporation (NASDAQ: BRY) (“Berry” or the “Company”) today reported net income of $53 million or $0.65 per diluted share and adjusted net income of $33 million or $0.40 per diluted share for the third quarter of 2019. In addition, … Read moreBerry Reports Third Quarter 2019 Results; Announces Quarterly Dividend

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Riviera Resources Reports Third-Quarter 2019 Results and Announces Sale of East Texas Overton Properties for $18.5 Million

November 07, 2019 06:50 ET | Source: Riviera Resources, Inc. HOUSTON, Nov. 07, 2019 (GLOBE NEWSWIRE) — Riviera Resources, Inc. (OTCQX: RVRA) (“Riviera” or the “Company”) and its wholly owned subsidiary, Blue Mountain Midstream LLC (“Blue Mountain”) announces financial and operating results for the third quarter 2019. The Company highlights the following accomplishments: Increased previously announced $100 … Read moreRiviera Resources Reports Third-Quarter 2019 Results and Announces Sale of East Texas Overton Properties for $18.5 Million

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly and Sid Verma Nov 7, 2019 (Bloomberg) China and U.S. agree to phased tariff rollback, the latest on impeachment, and decision day at the Bank of England. Here are some of the things people in markets are talking about today. Undoing A Chinese Ministry of Commerce spokesman said that both sides in the … Read moreFive Things to Know in World Business Today

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Chesapeake Energy Plunges to 20-Year Low as Street Loses Faith

By Michael Bellusci Nov 6, 2019 (Bloomberg) Chesapeake Energy Corp. collapsed to a 20-year low Wednesday, one day after the shale gas driller warned it may not be able to outlast low fuel prices and issued a “going concern” notice. Shares fell as much as 24% intraday to their lowest since 1999. The stock also briefly dipped … Read moreChesapeake Energy Plunges to 20-Year Low as Street Loses Faith

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Valero Shuts Two Ethanol Plants a Year After Green Plains Deal

By Michael Hirtzer and Isis Almeida Nov 6, 2019 (Bloomberg) Valero Energy Corp. has temporarily shut two of the three ethanol plants it bought from Green Plains Inc. just a year after the purchase, according to people familiar with the matter and the U.S. fuel refiner’s website. The second-biggest U.S. oil processor by capacity has … Read moreValero Shuts Two Ethanol Plants a Year After Green Plains Deal

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Russia Scraps Plans to Set Climate-Change Goals for Businesses

Natasha Doff Nov 6, 2019 (Bloomberg) Russia has ditched plans to set greenhouse-gas emissions targets for companies as a sign of its commitment to fighting climate change, following lobbying from big businesses that risked fines if they didn’t comply. The measure was part of a bill intended to accompany Russia’s ratification of the 2015 Paris … Read moreRussia Scraps Plans to Set Climate-Change Goals for Businesses

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Oil Resumes Gains as Trade Tariff Rollback Counters OPEC Curbs

By Grant Smith Nov 7, 2019 (Bloomberg) Oil jumped as China and the U.S. made progress in resolving the trade dispute that has weighed on global markets this year, offsetting signs that OPEC and its partners won’t make deeper cuts to supply. Brent crude rose as much as 1.6% in London, reversing much of Wednesday’s … Read moreOil Resumes Gains as Trade Tariff Rollback Counters OPEC Curbs

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Exxon’s Expert Witness Knocks N.Y.’s ‘Circular’ Trial Claims

By Erik Larson Nov 6, 2019 (Bloomberg) Exxon Mobil Corp.’s expert witness — a Harvard Law School professor — challenged New York’s claim in a securities-fraud trial that investors lost as much as $1.6 billion after authorities accused the company of hiding the financial risks of climate change, calling the argument “a tad circular.”Allen Ferrell, … Read moreExxon’s Expert Witness Knocks N.Y.’s ‘Circular’ Trial Claims

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TC Energy declares force majeure after Keystone pipeline spill -sources

November 6, 20199:20 AM Reuters Canadian pipeline operator TC Energy Corp has declared force majeure after a spill forced its Keystone oil pipeline to shut down last week, the second consecutive month it has made the declaration, sources said. TC told shippers that the shutdown means that it cannot carry out 30% of their normal November … Read moreTC Energy declares force majeure after Keystone pipeline spill -sources

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Nov 6, 2019 (Bloomberg) Trump’s impeachment defense takes a knock, euro-area economy stays near stagnation, and some big corporate news. Here are some of the things people in markets are talking about today. Quid pro quo Transcripts of Gordon Sondland’s testimony to House impeachment panels undermine the assertions by President Donald Trump and his allies … Read moreFive Things to Know in World Business Today

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Occidental Drops as Anadarko Growth Comes Under Scrutiny

By Kevin Crowley  Updated on Nov 5, 2019 (Bloomberg) Occidental Petroleum Corp. dropped the most in almost five years after a 40% budget cut raised concerns the oil driller won’t lift output fast enough to reduce debt incurred during the Anadarko Petroleum Corp. takeover. Shale drilling in the U.S. Permian Basin will account for the biggest chunk … Read moreOccidental Drops as Anadarko Growth Comes Under Scrutiny

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Epitome of America’s Shale Gas Boom Now Warns It May Go Bust

By Rachel Adams-Heard, David Wethe and Kriti Gupta Nov 5, 2019 (Bloomberg) –Chesapeake Energy Corp. – once the epitome of America’s shale-gas fortunes — is warning it may not be able to outlast low fuel prices.Reflecting growing pain across the energy sector, the Oklahoma-based company’s shares and bonds tumbled Tuesday after it said it may not … Read moreEpitome of America’s Shale Gas Boom Now Warns It May Go Bust

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Shale Oil Pioneers Say the Boom Times Are Over

By Kevin Crowley and Michael Bellusci Nov 6, 2019 (Bloomberg) The days of relentless production growth from U.S. shale oil fields are ending, potentially aiding OPEC’s years-long effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa. Investor calls for shale producers to shut down rigs and stop burning through cash … Read moreShale Oil Pioneers Say the Boom Times Are Over

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These Countries Have Some of the World’s Worst Emissions Gains

By James Thornhill Nov 5, 2019 (Bloomberg) India, the U.S and China saw some of the biggest rises in greenhouse gas emissions last year due to booming energy consumption dominated by fossil fuels, putting global climate goals at risk, according to a new report.Emissions jumped 6.3% in India, rose 3.4% in the U.S. and 2.3% … Read moreThese Countries Have Some of the World’s Worst Emissions Gains

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Oil Slips From Six-Week High on Signs U.S. Supplies Rose Again

By Ann Koh and Grant Smith Nov 6, 2019, 3:33 AM (Bloomberg) Oil retreated from a six-week high as signs of another increase in U.S. crude reaffirmed the prevailing view that global markets are comfortably supplied. Futures lost as much as 0.8% in New York after rising 5.6% over the past three sessions. The American … Read moreOil Slips From Six-Week High on Signs U.S. Supplies Rose Again

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Superior Energy Services Announces Third Quarter 2019 Results

November 05, 2019 | Source: Superior Energy Services, Inc. HOUSTON, Nov. 05, 2019 (GLOBE NEWSWIRE) — Superior Energy Services, Inc. (NYSE: SPN; OTCQX: SPNV) (the “Company”) today announced a net loss for the third quarter of 2019 of $38.4 million, or $0.25 per share, on revenue of $425.7 million.  This compares to a net loss of $71.1 … Read moreSuperior Energy Services Announces Third Quarter 2019 Results

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

November 05, 2019| Source: Rattler Midstream LP MIDLAND, Texas, Nov. 05, 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 third quarter ended September 30, 2019. THIRD QUARTER 2019 HIGHLIGHTS Q3 2019 consolidated net income (including … Read moreRattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Reports Third Quarter 2019 Financial and Operating Results

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Devon Energy Reports Third-Quarter 2019 Results

November 05, 2019  | Source: Devon Energy Corporation OKLAHOMA CITY, Nov. 05, 2019 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today reported operational and financial results for the third quarter of 2019. The company’s earnings release, supplemental financial tables and related operations report can be accessed via the Investor Relations section of Devon’s website, www.devonenergy.com. These materials will … Read moreDevon Energy Reports Third-Quarter 2019 Results

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Innospec Reports Third Quarter 2019 Financial Results

November 05, 2019  | Source: Innospec Inc. Strong revenue growth in Fuel Specialties and Oilfield Services Operating income up 14 percent; Excellent cash generation reduces net debt to 0.1x EBITDA GAAP diluted EPS up 45 percent; Adjusted non-GAAP EPS up 17 percent Dividend for full year increased by 15 percent ENGLEWOOD, Colo., Nov. 05, 2019 (GLOBE NEWSWIRE) … Read moreInnospec Reports Third Quarter 2019 Financial Results

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Laredo Petroleum Announces 2019 Third-Quarter Financial and Operating Results

To Acquire 7,360 Tier-One Net Acres in Howard County November 05, 2019  | Source: Laredo Petroleum, Inc. TULSA, OK, Nov. 05, 2019 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”) today announced its 2019 third-quarter results, reporting net loss attributable to common stockholders of $264.6 million, or $1.14 per diluted share, which … Read moreLaredo Petroleum Announces 2019 Third-Quarter Financial and Operating Results

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Green Plains Reports Third Quarter 2019 Financial Result

November 05, 2019  | Source: Green Plains Inc. Results for the Third Quarter of 2019: Net loss attributable to the company of $39.0 million, or $(1.06) per diluted share Adjusted EBITDA of $(13.4) million Cash, cash equivalents and restricted cash of $254.0 million As of Sept. 30, 2019, the Company is net debt zero excluding working … Read moreGreen Plains Reports Third Quarter 2019 Financial Result

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Harvest Operations Corp. Reports Q3 2019 Results

November 05, 2019| Source: Harvest Operations Corp. CALGARY, Alberta, Nov. 05, 2019 (GLOBE NEWSWIRE) — Harvest Operations Corp. (“Harvest” or the “Company”) announced its financial and operating results for the third quarter ended September 30, 2019. This press release is an overview of the third quarter results for 2019 and should be read with the unaudited … Read moreHarvest Operations Corp. Reports Q3 2019 Results

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Bison Oil & Gas Partners II Announces Solar Project with Pivot Energy

  November 06, 2019| Source: Carnelian Energy Capital; Bison Oil & Gas Partners II, LLC DENVER, Nov. 06, 2019 (GLOBE NEWSWIRE) — Bison Energy, LLC (“Bison”), a wholly-owned subsidiary of Bison Oil & Gas Partners II, LLC, and Pivot Energy (“Pivot”) today announced that the companies have entered into an agreement to develop their first solar … Read moreBison Oil & Gas Partners II Announces Solar Project with Pivot Energy

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Amplify Energy Announces Third Quarter 2019 Results, Fourth Quarter 2019 Dividend, Merger Integration Update and Fourth Quarter 2019 Guidance

November 06, 2019 | Source: Amplify Energy Corp. HOUSTON, Nov. 06, 2019 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today its pro forma(1) and reportable(2) operating and financial results for the third quarter of 2019. Key Amplify Third Quarter Operational Highlights During the third quarter this year we generated the following: Pro forma(1) daily … Read moreAmplify Energy Announces Third Quarter 2019 Results, Fourth Quarter 2019 Dividend, Merger Integration Update and Fourth Quarter 2019 Guidance

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Workers plug Keystone pipeline in North Dakota to access site of spill

November 5, 2019 TC Energy Corp has plugged its Keystone crude oil pipeline in North Dakota, allowing workers to excavate a portion of the pipeline that leaked last week and determine the cause of the spill, a state official said on Tuesday. Work will begin this week to access the precise point of the pipeline … Read moreWorkers plug Keystone pipeline in North Dakota to access site of spill

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Save money, increase productivity and improve compliance with Osprey’s remote visual inspections and monitoring solution for oil & gas

Osprey Logo - December 2018 Update Feature

Osprey Reach enables you to manage and access all your assets remotely through a single application With Osprey Reach, companies can increase productivity through virtual asset inspections, improve HSE compliance with automated leak and safety monitoring, as well as strengthen security and accountability through proactive activity detection and exception-based alerting at remote sites. FIND OUT … Read moreSave money, increase productivity and improve compliance with Osprey’s remote visual inspections and monitoring solution for oil & gas

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Nov 5, 2019 (Bloomberg) Trade optimism lifted by Xi, OPEC sees its market share falling for years, and Wall Street gets a reprieve. Here are some of the things people in markets are talking about today. Opening doors President Xi Jinping reiterated China’s commitment to the global trading order in a keynote speech … Read moreFive Things to Know in World Business Today

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Keystone Crude Pipeline Restart Schedule Still Undetermined

TranCanada Keystone XL Pipeline sign

By Sheela Tobben, Lucia Kassai and Catherine Ngai Nov 5, 2019 (Bloomberg) Oil deliveries off the Keystone pipeline are set to tumble this month, as fears mounted over a longer-than-expected outage after its operator said Monday that work to remove a damaged section of the pipe would be completed by week’s end. The 590,000 barrel-a-day … Read moreKeystone Crude Pipeline Restart Schedule Still Undetermined

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Shell to Buy French Offshore Wind-Power Developer

Wind Turbines

By Kelly Gilblom Nov 5, 2019 (Bloomberg) Royal Dutch Shell Plc has agreed to buy French offshore wind developer Eolfi SA, continuing its expansion into renewable power. The Anglo-Dutch oil major is boosting spending on low-carbon energy as it faces pressure to address the risks climate change poses to its business. Shell’s biggest renewable bets … Read moreShell to Buy French Offshore Wind-Power Developer

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Oil Gains for a Third Day as Trade-Deal Optimism Extends

Oil-Prices-Up

By Alex Longley Nov 5, 2019 (Bloomberg) Oil rose for a third day, buoyed by signs of progress in the prolonged U.S.-China trade dispute, despite expectations for expanding American crude stockpiles. Futures climbed as much as 1% in New York. China is reviewing locations in the U.S. where President Xi Jinping would be willing to … Read moreOil Gains for a Third Day as Trade-Deal Optimism Extends

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GLOBAL BLOCKCHAIN IN ENERGY MARKET FORECAST 2019-2024

KEY FINDINGS The global blockchain in energy market is projected to record a CAGR of 59. 49% during the projected period. The rise in the investments by venture capitalists, and the fast-growing end-users like oil and gas, are the factors pushing the growth of the market. November 05, 2019 | Source: ReportLinker FR New York, Nov. 05, … Read moreGLOBAL BLOCKCHAIN IN ENERGY MARKET FORECAST 2019-2024

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Occidental Announces 3rd Quarter 2019 Results

November 04, 2019  | Source: Occidental HOUSTON, Nov. 04, 2019 (GLOBE NEWSWIRE) — Occidental Petroleum Corporation (NYSE:OXY) today announced its third 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 3rd Quarter 2019 Results

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Delek US Holdings Reports Third Quarter 2019 Results

November 04, 2019| Source: Delek US Holdings, Inc Reported third quarter net income of $51.3 million and Adjusted EBITDA of $163.1 million Significant cash generation helped fund a $75.3 million investment in Wink to Webster Joint Venture Increased dedicated acreage on Big Spring Gathering system to over 275,000 acres Record quarter contribution margin from the logistics segment … Read moreDelek US Holdings Reports Third Quarter 2019 Results

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CORRECTION – HighPoint Resources Reports Third Quarter 2019 Financial and Operating Results

November 04, 2019 | Source: HighPoint Resources Corporation DENVER, Nov. 04, 2019 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by HighPoint Resources Corporation (NYSE: HPR), please note that a correction is required. The correction relates to an inadvertently excluded line item, “Proceeds from sale of properties”, in the Unaudited Consolidated Statements … Read moreCORRECTION – HighPoint Resources Reports Third Quarter 2019 Financial and Operating Results

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Frank’s International N.V. Announces Third Quarter 2019 Results November 05, 2019 | Source: Frank’s International N.V. HOUSTON, Nov. 05, 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 nine months ended September 30, 2019. Third Quarter 2019 Financial Highlights Revenue for the quarter … Read more

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CEO Behind Shale Megadeal Faces Investor Scrutiny

By Kevin Crowley  Nov 4, 2019 Vicki Hollub is set to face investors for the first time since leading Occidental Petroleum Corp.’s controversial $37 billion purchase of Anadarko Petroleum Corp.On an earnings call on Tuesday, Occidental’s chief executive officer will need to show hard evidence that her plan for the merger is working, after drawing … Read moreCEO Behind Shale Megadeal Faces Investor Scrutiny

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Exxon, Chevron Begin Pushing Back Against Warren’s Fracking Ban

By Kevin Crowley Nov 2, 2019 (Bloomberg) America’s two biggest oil companies are starting to push back against the fracking ban touted by the leading candidates for the Democratic presidential nomination, which may become one of the most consequential flashpoints for energy markets during the election campaign.Exxon Mobil Corp. and Chevron Corp. executives spoke out … Read moreExxon, Chevron Begin Pushing Back Against Warren’s Fracking Ban

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New York Struggles to Show Exxon Misled Investors on Climate

By Erik Larson (Bloomberg) —New York rested its securities-fraud case against Exxon Mobil Corp. after nine days of trial testimony without appearing to produce any definitive evidence that the oil company intentionally misled investors about how it accounted for climate-change risks.Exxon began presenting its first witnesses on Friday and may wrap up its defense late … Read moreNew York Struggles to Show Exxon Misled Investors on Climate

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Big Oil Bruised in Communication Breakdown of Its Own Making

By Kevin Crowley and Kelly Gilblom Nov 2, 2019 (Bloomberg) Big Oil emerged from the third-quarter earnings season battered and bruised, and in some cases it only had itself to blame.Exxon Mobil Corp. aside, the Western supermajors have made bold proclamations about showering investors with cash as they emerge leaner and meaner from the 2014-2016 … Read moreBig Oil Bruised in Communication Breakdown of Its Own Making

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Aramco May Be Worth $1.5 Trillion or Less, Some IPO Banks Say

By Archana Narayanan, Javier Blas and Matthew Martin Nov 3, 2019 (Bloomberg) Saudi Aramco may be worth as little as $1.5 trillion or even less, well below the target set by the kingdom, according to research sent on Sunday to potential investors by the banks involved in the company’s initial public offering. The research, according to … Read moreAramco May Be Worth $1.5 Trillion or Less, Some IPO Banks Say

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Five Things  to Know in World Business Today

World Business

By Lorcan Roche Kelly Nov 4, 2019 (Bloomberg) Aramco (finally) launches IPO, progress made on trade talks, and a raft of corporate news. Here are some of the things people in markets are talking about today. At last Saudi Aramco published an intention to float document yesterday, putting the company on track to list it shares on … Read moreFive Things  to Know in World Business Today

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Oil Gains After U.S., Chinese Data Improve Demand Outlook

By Ann Koh and Alex Longley Nov 4, 2019 (Bloomberg) Oil held its biggest gain in almost seven weeks after improved U.S. and Chinese economic data aided the demand outlook and Saudi Aramco said it would go ahead with its long-awaited initial public offering.Futures rose 0.8% in New York after jumping on Friday. U.S. Commerce … Read moreOil Gains After U.S., Chinese Data Improve Demand Outlook

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Norway Central Bank Says Oil’s Uncertain Future Weighs on Krone

Offshore drilling

By Sveinung Sleire Nov 4, 2019 (Bloomberg) Norway’s central bank governor warned that the political debate surrounding the country’s oil industry’s future may be weighing on the krone. Norges Bank has been taken aback by the weakness of the currency, which plunged to record lows against the euro last month despite four rate hikes since … Read moreNorway Central Bank Says Oil’s Uncertain Future Weighs on Krone

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Iraq, Russia Among OPEC+ Members Still Falling Short of Promises

By Laura Hurst Nov 4, 2019 (Bloomberg) OPEC+ oil producers have slashed output by more than planned for months in an effort to tackle a looming oversupply. Yet a handful of countries continue to make that job harder. Iraq, Nigeria and Russia — OPEC’s largest ally — pumped above their quota in October, putting the … Read moreIraq, Russia Among OPEC+ Members Still Falling Short of Promises

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SEACOR Marine Announces Agreement to Sell North Sea Standby Safety Business

November 01, 2019 | Source: SEACOR Marine Holdings Inc. HOUSTON, Nov. 01, 2019 (GLOBE NEWSWIRE) — SEACOR Marine Holdings Inc. (NYSE:SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore oil and natural gas and wind farm facilities worldwide, today announced that a wholly-owned subsidiary of the Company entered into … Read moreSEACOR Marine Announces Agreement to Sell North Sea Standby Safety Business

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Bedrock Automation Offers Comprehensive ICS Cyber Security Best Practices White Paper

Bedrock Automation Feature Logo 400x270

San Jose, Cal. – Bedrock Automation, the maker of the world’s first Open Secure Automation (OSA®) platform, has released a white paper describing cyber security vulnerabilities of industrial control systems and methods for protecting them. The 20-page document, Securing Industrial Control Systems – Best Practices, covers the threat landscape and presents a holistic approach to … Read moreBedrock Automation Offers Comprehensive ICS Cyber Security Best Practices White Paper

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WATCH! Oil – What Does the Future Look Like? – by ENERGYminute

  There’s a lot of discussion about the future of oil, so let’s talk about it. Globally, we consume 96 million barrels of oil everyday. This is the same as 48 super tankers of oil, every 24 hours. So what is all that oil used for? Well, we as consumers, we use almost all of … Read moreWATCH! Oil – What Does the Future Look Like? – by ENERGYminute

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U.S. oil drillers cut rigs for second week in a row

November 1, 2019 Reuters U.S. energy firms this week reduced the number of oil rigs operating for a second week in a row as independent producers cut spending as record crude production weighs on the outlook for energy prices.Drillers cut five oil rigs in the week to Nov. 1, bringing the total count down to 691, … Read moreU.S. oil drillers cut rigs for second week in a row

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Hope for Global Solar Boom Turning to Bust as China Underwhelms

By Bloomberg News  Nov 1, 2019 (Bloomberg) Hope for a boom in the global solar industry this year is fading as the top market is expected to miss its installation target. China is likely to fail meeting the new capacity estimates it touted earlier this year, which were as high as 45 gigawatts, according to … Read moreHope for Global Solar Boom Turning to Bust as China Underwhelms

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Chicago Is the Greenest Place to Work in America – See Other Cities Rank HERE

By Emily Chasan Nov 1, 2019 (Bloomberg) Chicago is the greenest place to work in the U.S., but other cities are trying to catch up fast.The Windy City topped a ranking of green office space certified for environmental efficiency for the third year running. The city’s percentage of certified green office space rose to 71.1%, … Read moreChicago Is the Greenest Place to Work in America – See Other Cities Rank HERE

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Aramco IPO Waits on Crown Prince as Saudi Rich Pressed to Invest

By Archana Narayanan, Javier Blas and Matthew Martin Nov 1, 2019 (Bloomberg) Saudi Crown Prince Mohammed bin Salman will decide in the next two days whether there’s enough support from local investors to finally go ahead with the initial public offering of state oil producer Aramco.Aramco is preparing to announce its intention to float on … Read moreAramco IPO Waits on Crown Prince as Saudi Rich Pressed to Invest

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Five Things to Know in World Business Today

World Business

By Sam Unsted and Celeste Perri Nov 1, 2019 (Bloomberg) Good morning. The impeachment process took a step forward, British election campaigning took a step up and Christine Lagarde has stepped into her new role. Here’s what’s moving markets. Impeachment U.S. lawmakers voted to move to the public phase of the inquiry targeting President Donald Trump, putting him on … Read moreFive Things to Know in World Business Today

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World’s Biggest Coal User Is Set to Boost Imports This Year

Imported coal is seen lifted by cranes from a coal cargo ship at a port in Lianyungang, Jiangsu province, China July 26, 2018. REUTERS/Stringer

By Bloomberg News Nov 1, 2019 (Bloomberg) As the global campaign against coal gathers pace, the world’s biggest consumer is nevertheless set to boost imports this year.China’s purchases of foreign coal in the first nine months have already raced ahead of last year by almost 10%, suggesting it’ll be “difficult to have imports at the … Read moreWorld’s Biggest Coal User Is Set to Boost Imports This Year

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Gulfport Energy Corporation Reports Third Quarter 2019 Financial and Operating Results

October 31, 2019 | Source: Gulfport Energy Corporation OKLAHOMA CITY, Oct. 31, 2019 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) today reported financial and operational results for the three-months and nine-months ended September 30, 2019 and provided an update on its 2019 activities.  Key information includes the following: Net production averaged 1,527.0 MMcfe … Read moreGulfport Energy Corporation Reports Third Quarter 2019 Financial and Operating Results

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Key Energy Services Announces Strategic Review of Capital Structure; Enters Into Forbearance Agreements with Term Loan and ABL Lenders

October 31, 2019  | Source: Key Energy Services, Inc. HOUSTON, Oct. 31, 2019 (GLOBE NEWSWIRE) — Key Energy Services, Inc. (“Key” or the “Company”) (NYSE: KEG) announced today that it has engaged Moelis & Company LLC as its financial advisor and Sullivan & Cromwell LLP as its legal advisor to assist the Company in analyzing various … Read moreKey Energy Services Announces Strategic Review of Capital Structure; Enters Into Forbearance Agreements with Term Loan and ABL Lenders

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Corridor Resources Launches a Strategic Review to Unlock Shareholder Value

October 31, 2019 | Source: Corridor Resources Inc. HALIFAX, Nova Scotia, Oct. 31, 2019 (GLOBE NEWSWIRE) — (TSX – CDH): Corridor Resources Inc. (“Corridor or the Company”) today announced that the Board of Directors (“Board”) has commenced a formal process to explore and develop strategic alternatives (the “Strategic Review”) with a view to enhancing shareholder value. Corridor has … Read moreCorridor Resources Launches a Strategic Review to Unlock Shareholder Value

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‘Canada’ Is Becoming a Dirty Word in the Oil Patch as One of its Marquee Companies Moves to the U.S.

By Kevin Orland  Oct 31, 2019 (Bloomberg) Canada’s beleaguered energy sector suffered another morale blow as Encana Corp. — one of its marquee companies that was born out of the 19th-century railway boom — announced plans to move its headquarters to the U.S. and drop the link to Canada from its name. The Calgary-based company … Read more‘Canada’ Is Becoming a Dirty Word in the Oil Patch as One of its Marquee Companies Moves to the U.S.

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Oil Set for Weekly Drop on Rising Saudi Output and Trade Woes

By Heesu Lee and Alex Longley Nov 1, 2019 (Bloomberg) Oil headed for its biggest weekly loss in a month as swelling American stockpiles and renewed doubts over a long-term U.S.-China trade deal suggested supply will continue to outpace demand.Futures edged higher in New York on Friday, but are down about 4% this week. Chinese … Read moreOil Set for Weekly Drop on Rising Saudi Output and Trade Woes

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U.S. oil output soars to record 12.4 mln bpd in August

October 31, 2019 Reuters U.S. crude production soared nearly 600,000 barrels per day in August to record of 12.4 million, buoyed by a 30% increase in Gulf of Mexico output, according to government data released on Thursday.The U.S. has become the world’s largest oil producer with output surging to records above 12 million bpd this year … Read moreU.S. oil output soars to record 12.4 mln bpd in August

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Marketlink oil pipeline running at reduced rates after Keystone leak

October 31, 2019 Reuters TC Energy Corp’s Marketlink crude oil pipeline was operating at reduced rates, three sources said on Thursday, due to supply disruptions as Keystone pipeline was shut after a leak in Walsh County, North Dakota. The Marketlink pipeline has a capacity of 750,000 barrels per day (bpd) and flows south from Cushing, Oklahoma, … Read moreMarketlink oil pipeline running at reduced rates after Keystone leak

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Oil Falls to Lowest in a Week After Surprise U.S. Crude Build

By Jacquelyn Melinek (Bloomberg) Oil fell for a third day as a U.S. government report showed a bigger-than-expected build in domestic crude supplies and Chile canceled a summit where the U.S. and China were expected to sign a preliminary trade accord. Futures in New York declined to the lowest in a week on Wednesday. The … Read moreOil Falls to Lowest in a Week After Surprise U.S. Crude Build

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Five Things to Know in World Business Today

World Business

By Samuel Potter Oct 31, 2019 (Bloomberg) China has trade-deal doubts, investors digest Fed cut, and the earnings deluge continues. Here are some of the things people in markets are talking about today. Doubts and data Chinese officials are casting doubts about reaching a comprehensive long-term trade deal with the U.S. In private conversations with visitors to Beijing … Read moreFive Things to Know in World Business Today

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Canadian company Encana moving to the U.S., changing name amid Canadian pipeline crunch

Encana Corp will shift base to the United States and become Ovintiv Inc, the Canadian oil and gas producer said on Thursday, as Canada faces pipeline capacity shortages that have led many companies to move from the country’s energy sector. Rivals Royal Dutch Shell , ConocoPhillips and Suncor Energy have either been selling their Canadian … Read moreCanadian company Encana moving to the U.S., changing name amid Canadian pipeline crunch

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Suing Big Oil Is How States Tackle Climate Change: Noah Feldman

By Noah Feldman Oct 31, 2019 (Bloomberg Opinion) A growing number of cities and states want to turn climate change lawsuits against oil companies into the next tobacco or opioid litigation. In principle, that seems like a truly terrible idea. Such lawsuits will likely do even less to remedy the effects of climate change than … Read moreSuing Big Oil Is How States Tackle Climate Change: Noah Feldman

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Exxon Climate Plan Wasn’t Fake, Tillerson Says In N.Y. Trial

By Erik Larson Oct 30, 2019 (Bloomberg) Former Exxon Mobil Corp. Chief Executive Officer Rex Tillerson rejected the New York attorney general’s claim that for years he spearheaded a secret scheme to defraud investors by lying about how the oil company planned for the financial risks of climate change. Tillerson, called as a witness by … Read moreExxon Climate Plan Wasn’t Fake, Tillerson Says In N.Y. Trial

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

October 30, 2019  Source: Mid-Con Energy Partners, LP TULSA, Oct. 30, 2019 (GLOBE NEWSWIRE) — Mid-Con Energy Partners, LP (NASDAQ: MCEP) (“Mid-Con Energy” or the “Partnership”) announced today its operating and financial results for third quarter 2019. “We significantly increased our development efforts during the third quarter of 2019,” said President and Chief Executive Officer, … Read moreMid-Con Energy Partners, LP Announces Third Quarter 2019 Operating and Financial Results

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Murphy USA Inc. Reports Third Quarter 2019 Results

October 30, 2019  | Source: Murphy USA Inc. EL DORADO, Ark., Oct. 30, 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 nine months ended September 30, 2019. Key Highlights: Net income was $69.2 million, or $2.18 per … Read moreMurphy USA Inc. Reports Third Quarter 2019 Results

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Apache Corporation Announces Third-Quarter 2019 Financial and Operational Results

October 30, 2019  | Source: Apache Corporation HOUSTON, Oct. 30, 2019 (GLOBE NEWSWIRE) — Apache Corporation (NYSE, Nasdaq: APA) today announced third-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 Oct. 31 at 10 a.m. Central time to discuss the results. The conference call … Read moreApache Corporation Announces Third-Quarter 2019 Financial and Operational Results

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Frackers Scrap Idled Equipment Amid Pullback in Shale Drilling

By David Wethe Oct 30, 2019 (Bloomberg) The downturn in shale drilling has been so steep and brisk that oilfield companies are taking the unprecedented step of scrapping entire fleets of fracking gear.With almost half of U.S. fracking firepower expected to be sitting idle within weeks, shale specialists including Patterson-UTI Energy Inc. and RPC Inc. … Read moreFrackers Scrap Idled Equipment Amid Pullback in Shale Drilling

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Bolsonaro Wants Brazil to Accept Saudi Invitation to Join OPEC

By Filipe Pacheco and Verity Ratcliffe Oct 30, 2019 (Bloomberg) Brazil’s president welcomed an informal invitation from Saudi Arabia for his country to join OPEC and said he’d be eager to accept.The Saudi offer highlights Brazil’s growing importance as an oil producer as well as the challenge it poses to the producer group’s influence on … Read moreBolsonaro Wants Brazil to Accept Saudi Invitation to Join OPEC

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U.S. Keeps Eye on Iran Oil Buyers as Sanctions Squeeze Flows

By Sharon Cho and Saket Sundria Oct 30, 2019 (Bloomberg) The U.S. has a message for buyers of sanctioned Iranian crude: we’re watching you. The Trump administration routinely examines the effectiveness of its sanctions and is monitoring nations buying oil from Iran, said Kurt Donnelly, deputy assistant secretary for energy diplomacy from the Bureau of Energy … Read moreU.S. Keeps Eye on Iran Oil Buyers as Sanctions Squeeze Flows

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Five Things You Need to Know to Start Your Day

World Business

By Samuel Potter Oct 30, 2019 (Bloomberg) Impeachment process rumbles on, earnings roll in, and the U.K. readies for an election. Here are some of the things people in markets are talking about today. Unavoidable impeachment update House Democrats will put Intelligence Committee Chairman Adam Schiff in the lead of the next phase of its impeachment inquiry of … Read moreFive Things You Need to Know to Start Your Day

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Oil Steady as Traders Weigh Stockpile Gain, Deeper Output Cuts

By Heesu Lee and Alex Longley Oct 30, 2019 (Bloomberg) Oil was steady as traders weighed a report of rising stockpiles at a U.S. storage hub against signs that Saudi Arabia is willing to make deeper production cuts. West Texas Intermediate futures pared some losses after dropping 0.8% earlier. The American Petroleum Institute reported that … Read moreOil Steady as Traders Weigh Stockpile Gain, Deeper Output Cuts

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Elon Musk Says Shifting SolarCity Workers Helped Tesla Stay Afloat

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

By Jef Feeley and Dana Hull Oct 30, 2019 (Bloomberg) Tesla Inc. chief executive officer Elon Musk said he shifted resources from the solar company he bought three years ago to save his electric-car company from bankruptcy while it was ramping up production of the Model 3. Musk made the admission as part of a … Read moreElon Musk Says Shifting SolarCity Workers Helped Tesla Stay Afloat

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As PG&E Blackouts Ebb, Southern California Wind Risk Surges

By David R. Baker, Mark Chediak and Brian K. Sullivan Oct 30, 2019, 8:02 AM (Bloomberg) As Northern California residents began to get their power back, people in the Southern part of the state were facing some of the strongest winds “in recent memory” and utilities there were cutting service and warning blackouts could spread. … Read moreAs PG&E Blackouts Ebb, Southern California Wind Risk Surges

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Greenfields Petroleum Corporation Announces Receipt of Repayment Demand and Review of Strategic Alternatives

October 29, 2019  | Source: Greenfields Petroleum Corporation HOUSTON, Oct. 29, 2019 (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 demanded repayment of all amounts owing under Vitol’s secured … Read moreGreenfields Petroleum Corporation Announces Receipt of Repayment Demand and Review of Strategic Alternatives

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Infrastructure and Energy Alternatives, Inc. Announces Additional Equity Commitment, Rights Offering and Partial Exchange of Series A Preferred Stock

October 29, 2019  | Source: Infrastructure and Energy Alternatives, Inc. Entered into an Equity Commitment Agreement for the sale of 80,000 shares of Series B-3 Preferred Stock and 3,568,750 warrants to purchase common stock for a gross purchase price of $80 million, with further commitment to issue up to $30 million of additional preferred stock and warrants  … Read moreInfrastructure and Energy Alternatives, Inc. Announces Additional Equity Commitment, Rights Offering and Partial Exchange of Series A Preferred Stock

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Contango Oil & Gas Company Announces Closing of Transaction to Acquire Texas, Oklahoma and Louisiana Assets of Will Energy Corporation

October 30, 2019 | Source: Contango Oil & Gas HOUSTON, Oct. 30, 2019 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today that the Company has completed its previously announced acquisition of approximately 159,872 net acres located in North Louisiana (12,560 net acres) and the Western Anadarko Basin … Read moreContango Oil & Gas Company Announces Closing of Transaction to Acquire Texas, Oklahoma and Louisiana Assets of Will Energy Corporation

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VAALCO Provides Update on Drilling of Etame 9H Development Well and the Etame 9P Appraisal Wellbore

October 30, 2019 03:00 ET | Source: VAALCO Energy, Inc. HOUSTON, Oct. 30, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (the Company) today provided an update on its 2019/2020 drilling program Offshore Gabon. At the Etame field, the Company has begun drilling the Etame 9H horizontal development well targeting the Gamba formation, as … Read moreVAALCO Provides Update on Drilling of Etame 9H Development Well and the Etame 9P Appraisal Wellbore

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Peak Shale: How U.S. Oil Output Went From Explosive to Sluggish

By Catherine Ngai, Mike Jeffers and Kevin Crowley (Bloomberg) America’s shale boom got the world accustomed to soaring production. Now growth has slowed, and a cloud has formed over the industry.Fracking pushed the U.S. closer to its long-sought goal of energy independence at a time of unprecedented geopolitical risk. Wells from Texas’s Permian Basin to the … Read morePeak Shale: How U.S. Oil Output Went From Explosive to Sluggish

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U.S. natgas futures surge over 6% for second day on cold November forecasts

Natural Gas

October 29, 2019 Reuters U.S. natural gas futures surged over 6% for a second day in a row on Tuesday to their highest level in five weeks on forecasts the cold weather blanketing much of the country will remain through at least mid-November.Traders noted if the current cold forecasts hold, utilities will start pulling gas out … Read moreU.S. natgas futures surge over 6% for second day on cold November forecasts

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Five Things to Know in World Business Today

World Business

By Samuel Potter Oct 29, 2019 (Bloomberg) Tariff Man is having a bad week, Labour backs an election, and earnings are mixed. Here are some of the things people in markets are talking about today. Trump’s bad week Tariff Man has had a rough start to the week. First the World Series jeers, and then House Speaker Nancy … Read moreFive Things to Know in World Business Today

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Shale Doubters Finally Get Their Moment as Revolution Falters

By Rachel Adams-Heard Oct 28, 2019 (Bloomberg) It was just a year ago that Tom Loughrey tried pitching a fund to bet against shale producers.“I was basically kicked out of every office in New York City,” Loughrey said. In the months since, an exchange-traded fund that tracks oil drillers has lost half its value, shale production growth … Read moreShale Doubters Finally Get Their Moment as Revolution Falters

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Saudis Are Ready to Do Deeper Oil Cuts, OPEC Minister Says

By Nayla Razzouk and Manus Cranny Oct 29, 2019 (Bloomberg) Saudi Arabia’s Energy Minister Prince Abdulaziz said his country is ready to make deeper cuts in oil output than it agreed to with other global producers, according to Nigerian Minister of State for Petroleum Resources Timipre Sylva.“He assured me that they are very ready to … Read moreSaudis Are Ready to Do Deeper Oil Cuts, OPEC Minister Says

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The Secrets of Successful Female Networkers – Harvard Business Review

Harvard Business Review

  By TIM BOWER One oft-cited reason why more female executives don’t advance to top management jobs is their lack of access to informal organizational and industry networks. Some people blame unconscious bias: High-ranking men connect more easily with other men. Others cite professional and personal obligations, from office housekeeping to child-rearing, that disproportionately fall … Read moreThe Secrets of Successful Female Networkers – Harvard Business Review

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Oil Falls on Expectations of Rising Inventories at Key U.S. Hub

By Heesu Lee and Alex Longley Oct 29, 2019 (Bloomberg) Oil declined for a second day on expectations of rising inventories at a key pricing point in Oklahoma. Futures in New York fell as much as 1.4% after dropping 1.5% Monday. Genscape Inc. said oil stored at the Cushing storage hub expanded last week, reviving … Read moreOil Falls on Expectations of Rising Inventories at Key U.S. Hub

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ConocoPhillips Profit Beats Estimates as Shale Oil Output Gains

By Kevin Crowley Oct 29, 2019 (Bloomberg)ConocoPhillips followed BP Plc in posting higher-than-expected third-quarter profit as the U.S. oil producer continues to boost shale output.The Houston-based company on Tuesday reported production of 1.32 million barrels per day of oil equivalent, less than the median of analysts’ estimates of 1.34 million. Key Takeaways Conoco Chief Executive … Read moreConocoPhillips Profit Beats Estimates as Shale Oil Output Gains

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Archrock Reports Third Quarter 2019 Results

October 28, 2019 | Source: Archrock HOUSTON, Oct. 28, 2019 (GLOBE NEWSWIRE) — Archrock, Inc. (NYSE: AROC) (“Archrock”) today reported results for the third quarter of 2019. Third Quarter 2019 Financial Results Net income for the third quarter of 2019 was $20.4 million compared to $10.0 million in the third quarter of 2018. Adjusted EBITDA (a non-GAAP measure as … Read moreArchrock Reports Third Quarter 2019 Results

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Five Things to Know in World Business Today

World Business

By Yakob Peterseil Oct 28, 2019 (Bloomberg) Brexit extension is granted, HSBC eyes a revamp and Trump’s military win provides some consolation. Here are some of the things people in markets are talking about today. Means and ways The European Union agreed to delay Brexit by three months to Jan. 31 after French President Emmanuel Macron dropped his opposition to the plan. While the move … Read moreFive Things to Know in World Business Today

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Oil Steady After Weekly Surge on Signs of Trade Deal Progress

By Heesu Lee and Alex Longley Oct 28, 2019, (Bloomberg) Oil was steady after the biggest weekly advance in more than a month on signs of progress in the prolonged U.S.-China trade spat.Futures were little changed in New York after capping a 5.4% weekly gain on Friday. The U.S. said it was close to finalizing … Read moreOil Steady After Weekly Surge on Signs of Trade Deal Progress

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Tapping Australia Shale Would Worsen Carbon Emissions, Study Says

Santos Ltd. Gas Operations in Narrabri

By James Thornhill Oct 28, 2019 (Bloomberg) Opening up a potentially huge shale gas region in Australia’s Northern Territory would increase the country’s already-hefty greenhouse gas emissions making it a “particularly dangerous” contributor to climate change, according to a new study.The report, commissioned by environmental lobby group Lock The Gate, tested a range of scenarios for … Read moreTapping Australia Shale Would Worsen Carbon Emissions, Study Says

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Big Oil Investors Bracing for Bad News as Headwinds Gather

By Kevin Crowley and Kelly Gilblom Oct 27, 2019, (Bloomberg) Slumping energy prices, sluggish global demand and shrinking chemical margins are weighing on the oil industry as its biggest names prepare to announce quarterly results to investors demanding ever-higher payouts.The so-called supermajors — Exxon Mobil Corp., Royal Dutch Shell Plc, Chevron Corp., Total SA and … Read moreBig Oil Investors Bracing for Bad News as Headwinds Gather

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Germany May Lose 40% of Wind Jobs as New Projects Grind to Halt

Wind Turbines

By Brian Parkin Oct 28, 2019 (Bloomberg) Germany’s wind power industry could shed about 40% of its jobs because of sliding interest among investors to build turbines on land, threatening a key driver of the nation’s ambitious clean energy targets. Environmental rules are snagging license approval for scores of onshore projects, causing delays of as … Read moreGermany May Lose 40% of Wind Jobs as New Projects Grind to Halt

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U.S. drillers cut oil rigs for record 11th month

October 25, 2019 Reuters Pump Jacks are seen at sunrise near Bakersfield, California   U.S. energy companies reduced the number of oil rigs operating this week, leading to a record 11-month decline as producers follow through on plans to cut spending on new drilling. Drillers cut 17 oil rigs in the week to Oct. 25, … Read moreU.S. drillers cut oil rigs for record 11th month

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Russian Slinging Mud Won’t Secure the World’s Oil Supply: Julian Lee

By Julian Lee Oct 27, 2019 (Bloomberg Opinion) It’s just been six months since the biggest crisis for Russian oil distribution in living history, and the leader of the country’s largest oil company is already flinging mud in the direction of the world’s other two giant oil producers, Saudi Arabia and the U.S.On Thursday, speaking at … Read moreRussian Slinging Mud Won’t Secure the World’s Oil Supply: Julian Lee

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World ‘Awash’ in Oil As U.S. Sees Its Shale Boom Barreling Ahead

By Anthony DiPaola and Manus Cranny Oct 27, 2019 (Bloomberg) Global markets are “awash” in crude thanks to the surge in U.S. oil output, and the boom looks set to continue, U.S. Energy Secretary Rick Perry said in a Bloomberg TV interview.U.S. shale production has turned the world “on its head,” and Goldman Sachs Group … Read moreWorld ‘Awash’ in Oil As U.S. Sees Its Shale Boom Barreling Ahead

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PG&E Cuts Off Power to More Than 2.5 Million as Fires Burn

By Mark Chediak and David R. Baker  27, 2019 (Bloomberg) PG&E Corp. cut power to more than 2.5 million Californians in the state’s largest deliberate blackout ever.As of midnight local time, the bankrupt utility giant had shut off the lights to 877,000 homes and businesses in 38 counties across Northern and Central California — including … Read morePG&E Cuts Off Power to More Than 2.5 Million as Fires Burn

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Venezuelans buy gas with cigarettes to battle inflation

gas pumps

CARACAS, Venezuela — Motorists in socialist Venezuela have long enjoyed the world’s cheapest gasoline, with fuel so heavily subsidized that a full tank these days costs a tiny fraction of a U.S. penny. But the economy is in such shambles that drivers are now paying for fill-ups with a little food, a candy bar or … Read moreVenezuelans buy gas with cigarettes to battle inflation

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South Dakota, ACLU settle lawsuit over ‘riot-boosting’ laws

October 24, 2019 SIOUX FALLS, S.D. — South Dakota’s governor said Thursday that the state has agreed not to enforce aspects of laws that critics say were meant to suppress expected protests against the Keystone XL pipeline, under a settlement with a group that challenged the laws as unconstitutional. Republican Gov. Kristi Noem said in … Read moreSouth Dakota, ACLU settle lawsuit over ‘riot-boosting’ laws

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Five Things to Know in World Business Today

World Business

By Yakob Peterseil Oct 25, 2019 (Bloomberg) Another spanner in the Brexit works, Amazon disappoints, and the U.S. starts a spy hunt. Here are some of the things people in markets are talking about today. Brexit knots The European Union is considering how long to delay the U.K.’s departure from the bloc, but Boris Johnson’s bid … Read moreFive Things to Know in World Business Today

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Exxon Hid ‘Catastrophic’ Climate Prediction, State Suit Says

By Erik Larson Oct 24, 2019 (Bloomberg) Exxon Mobil Corp. was sued by Massachusetts for allegedly hiding its early knowledge of climate change from the public and misleading investors about the future financial impact of global warming, two days after a trial started on similar claims in New York. The 205-page complaint, filed Thursday in … Read moreExxon Hid ‘Catastrophic’ Climate Prediction, State Suit Says

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Oil Holds Weekly Gain as Tighter Supply Offsets Weaker Demand

By Saket Sundria and Grant Smith Oct 25, 2019 (Bloomberg) Oil held steady amid signs of weaker demand, but remained on track for the biggest weekly gain in more than a month as supplies tightened.Futures were little changed in New York, on course for a weekly increase of more than 4%. U.S. government data on … Read moreOil Holds Weekly Gain as Tighter Supply Offsets Weaker Demand

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Oil Drillers Get $18 Billion Break Thanks to Law Legislators Now Regret

By Jennifer A. Dlouhy Oct 24, 2019 (Bloomberg) The U.S. has forfeited some $18 billion tied to oil and gas production in the Gulf of Mexico since 2000 because of a decades-old law that gave energy companies a break on paying royalties when drilling in deep waters, federal investigators concluded Thursday. The foregone revenue will keep climbing, … Read moreOil Drillers Get $18 Billion Break Thanks to Law Legislators Now Regret

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From Wyoming to Australia, Coal’s Heartlands Are Retreating: David Fickling

Coal

By David Fickling  Oct 24, 2019 (Bloomberg Opinion) From the Rocky Mountains to the Rhineland and Australia’s Great Dividing Range, the great tide of the coal industry is receding.The entire Powder River Basin, the region spanning the states of Montana and Wyoming that provides about half of America’s thermal coal, is “distressed,” Moody’s Investors Service … Read moreFrom Wyoming to Australia, Coal’s Heartlands Are Retreating: David Fickling

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Offshore Wind Needs $1.2 Trillion to Hit Climate Goals, IEA Says

By Jeremy Hodges and William Mathis Oct 25, 2019 (Bloomberg) The pace of expansion in the offshore wind industry needs to double to meet the world’s climate targets, the International Energy Agency said. The Paris-based institution estimated investment in the technology is growing 2.2% a year, drawing in $840 billion over the next two decades. … Read moreOffshore Wind Needs $1.2 Trillion to Hit Climate Goals, IEA Says

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Dril-Quip, Inc. Announces Third Quarter 2019 Results

October 24, 2019  | Source: Dril-Quip, Inc. Houston, Oct. 24, 2019 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ) today reported operational and financial results for the third quarter 2019. Key highlights for the third quarter of 2019 included: Increased revenue to $108 million, which is at the high end of the guidance range of $100 – … Read moreDril-Quip, Inc. Announces Third Quarter 2019 Results

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Oil States Announces Third Quarter 2019 Results of Operations

October 24, 2019  | Source: Oil States International, Inc. HOUSTON, Oct. 24, 2019 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss for the third quarter of 2019 of $31.9 million, or $0.54 per diluted share, on revenues of $263.7 million and Consolidated EBITDA (Note A) of $31.3 million. The reported third quarter 2019 results … Read moreOil States Announces Third Quarter 2019 Results of Operations

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Apergy Reports Third Quarter 2019 Results

October 23, 2019  | Source: Apergy Corporation Revenue of $278 million in Q3-19, down 9% sequentially Net income of $14 million and adjusted net income of $21 million in Q3-19 Diluted EPS of $0.18 and adjusted diluted EPS of $0.27 in Q3-19 Adjusted EBITDA of $67 million in Q3-19, down 11% sequentially; adjusted EBITDA margin of … Read moreApergy Reports Third Quarter 2019 Results

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Enservco Corporation Updates Investors on 2019 Third Quarter Financial Expectations

October 24, 2019  | Source: Enservco DENVER, Oct. 24, 2019 (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 third quarter revenue to increase approximately 23% year over year to between $4.6 million … Read moreEnservco Corporation Updates Investors on 2019 Third Quarter Financial Expectations

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Oct 24, 2019 (Bloomberg) Draghi’s last stand, it’s PMI day, and earnings season continues apace. Here are some of the things people in markets are talking about today. Ciao European Central Bank President Mario Draghi gives the last post-decision press conference of his term today. While economists expect no policy change from this meeting, Draghi is … Read moreFive Things to Know in World Business Today

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Even With a 50% Pay Cut, Energy Bankers Find Refuge in C-Suites

By Kiel Porter Oct 23, 2019 (Bloomberg) – It’s not a lot of fun being a Wall Street energy banker these days. Long lunches, maybe, but that’s because there’s not much going on in the way of deals. They started to disappear once crude oil prices crashed and, along with it, jobs and big bonuses. … Read moreEven With a 50% Pay Cut, Energy Bankers Find Refuge in C-Suites

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Tesla Posts First Gain in Solar Panel Installations Since 2018

By Brian Eckhouse Oct 24, 2019 (Bloomberg) In a quarter where Tesla Inc. blew past profit expectations, even its foundering rooftop-solar business managed to stage a bit of a turnaround. Installations increased for the first time in a year, the company said in its earnings statement Wednesday. The 43 megawatts of solar deployed were a 48% jump from the previous three months … Read moreTesla Posts First Gain in Solar Panel Installations Since 2018

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$50 Trillion Is Needed to Stop Global Warming: Morgan Stanley

By Ishika Mookerjee Oct 24, 2019 (Bloomberg)  The world needs to spend $50 trillion on five areas of technology by 2050 to slash emissions and meet the Paris Agreement’s goal of halting global warming, Morgan Stanley analysts wrote in a report. To reduce net emissions of carbon to zero, the world would have to eradicate … Read more$50 Trillion Is Needed to Stop Global Warming: Morgan Stanley

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Oil Steady as Economic Concerns Offset Boost From Stockpile Drop

By Saket Sundria and Grant Smith Oct 24, 2019, 6:28 AM (Bloomberg) Oil traded near $56 a barrel in New York as weak economic data from Germany added to concerns over slowing global fuel demand, tempering the boost from a surprise pullback in U.S. crude stockpiles. Futures recouped earlier losses of 1% as equities strengthened on positive … Read moreOil Steady as Economic Concerns Offset Boost From Stockpile Drop

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Exxon Blasts N.Y.’s Climate Suit as Trial Opens Amid Protests

By Erik Larson Oct 22, 2019 (Bloomberg) Exxon Mobil Corp.’s lawyer slammed New York’s securities-fraud case as the trial opened, saying the state “twisted” reality by conflating two internal metrics the company uses to account for the financial impact of climate change on its business.Instead, Exxon has evidence proving the two metrics were used for … Read moreExxon Blasts N.Y.’s Climate Suit as Trial Opens Amid Protests

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Oct 23, 2019 (Bloomberg) Impeachment vote more likely after diplomat testimony, U.K. may be heading for an election, and earnings season rumbles on. Here are some of the things people in markets are talking about today. Undiplomatic Testimony from William Taylor, the top U.S. envoy to Ukraine, has given new impetus to … Read moreFive Things to Know in World Business Today

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‘Flight Shaming’ by Activists Will Make Carbon Big Business, Citi Says

By Anurag Kotoky Oct 23, 2019 (Bloomberg) “Flight shame” — flyers feeling guilty about their carbon footprint — is a real phenomenon and will raise costs for airlines, consumers and companies, while catapulting emission offsetting into a big business, Citigroup Inc. predicts. The cost of offsetting planes’ carbon emissions could become as much as 10 … Read more‘Flight Shaming’ by Activists Will Make Carbon Big Business, Citi Says

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Colonial Pipeline Eyes Expansion for Nashville Jet Fuel Demand

By Stephen Cunningham and Jeffrey Bair Oct 23, 2019 (Bloomberg) The busiest U.S. fuel pipeline might expand jet fuel deliveries to respond to growing demand in the home of country music.Shippers on Colonial Pipeline Co., which carries as much as 1.37 million barrels a day of fuel from the Houston area to North Carolina, have … Read moreColonial Pipeline Eyes Expansion for Nashville Jet Fuel Demand

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Oil Falls Amid Swelling Stockpiles, Russia Caution on Supply Cut

By Saket Sundria and Grant Smith Oct 23, 2019 (Bloomberg) Oil fell as Russia sounded a cautious note on whether OPEC and its partners may cut production further, while industry data showed U.S. crude inventories were expanding. Futures fell as much as 1.3% in New York, erasing some of Tuesday’s gains as Russia’s Energy Minister … Read moreOil Falls Amid Swelling Stockpiles, Russia Caution on Supply Cut

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How to Halt Global Warming for $300 Billion

By Adam Majendie and Pratik Parija Oct 23, 2019 (Bloomberg) $300 billion. That’s the money needed to stop the rise in greenhouse gases and buy up to 20 years of time to fix global warming, according to United Nations climate scientists. It’s the gross domestic product of Chile, or the world’s military spending every 60 days. … Read moreHow to Halt Global Warming for $300 Billion

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Range Announces Asset Sales, Enhanced Financial Resources, and Initiation of Share Repurchase Program

October 21, 2019  | Source: Range Resources Corporation FORT WORTH, Texas, Oct. 21, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE:  RRC) today announced multiple transactions demonstrating continued success in enhancing balance sheet strength through debt reduction and the expansion of available liquidity. Additionally, given continuing success in debt reduction, Range also initiated a share repurchase program. Range … Read moreRange Announces Asset Sales, Enhanced Financial Resources, and Initiation of Share Repurchase Program

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Paulson Criticizes Executive Pay in Callon-Carrizo Oil Deal

By Simon Casey and Kriti Gupta  Oct 22, 2019 (Bloomberg) Paulson & Co. reiterated its opposition to Callon Petroleum Co.’s planned takeover of rival Permian Basin crude producer Carrizo Oil & Gas Inc., this time targeting management compensation.In a letter to the Callon board on Tuesday, along with a 54-slide presentation, Paulson took aim at what it says … Read morePaulson Criticizes Executive Pay in Callon-Carrizo Oil Deal

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Oct 22, 2019 (Bloomberg) Trudeau wins second term, Brexit rumbles on, and a big day for corporate news. Here are some of the things people in markets are talking about today. Just enough Canadian Prime Minister Justin Trudeau has won a second term, securing enough seats to form a stable government with support … Read moreFive Things to Know in World Business Today

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Canada’s Energy Industry Reaction: Trudeau’s Win Spurs Oil Sector Angst

By Kevin Orland and Robert Tuttle  Oct 21, 2019 (Bloomberg) The prospect of Canadian Prime Minister Justin Trudeau sharing power with parties that are more stridently in favor of fighting climate-change is already causing concern among leaders of the nation’s energy industry.Trudeau won reelection Monday night, but lost his majority in parliament, meaning the New … Read moreCanada’s Energy Industry Reaction: Trudeau’s Win Spurs Oil Sector Angst

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Saudi Aramco Needs to Get Realistic About Its IPO: David Fickling

By David Fickling Oct 21, 2019 (Bloomberg Opinion) On paper, you could scarcely imagine two more different companies than WeWork and Saudi Aramco.The serviced-office startup is a notorious cash sink, while Saudi Arabian Oil Co. is a gusher of dollars. In retrospect, the canceled initial public offering by WeWork’s parent We Co. seems inevitable, given its $17.32 billion … Read moreSaudi Aramco Needs to Get Realistic About Its IPO: David Fickling

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World’s Priciest Oil Auction May Raise $50 Billion in Brazil

By Sabrina Valle Oct 22, 2019 (Bloomberg) An auction next month of oilfields in Brazil may be the priciest ever held, raising at least $50 billion in licensing fees and compensation, according to people familiar with government estimates. Exxon Mobil Corp., Royal Dutch Shell Plc and other energy giants are set to vie for deep-sea … Read moreWorld’s Priciest Oil Auction May Raise $50 Billion in Brazil

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Oil Steady Amid Estimates of Further Gain in U.S. Stockpiles

By Saket Sundria and Grant Smith  Oct 22, 2019 (Bloomberg) Oil held steady as estimates of brimming U.S. crude stockpiles added to signs that, with demand constrained by weak economic growth, markets remain comfortably supplied. West Texas Intermediate futures were little changed above $53 a barrel after falling for the past two days. U.S. crude … Read moreOil Steady Amid Estimates of Further Gain in U.S. Stockpiles

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Trudeau Overcomes Scandals to Win Second Term in Divided Canada

By Josh Wingrove and Theophilos Argitis Updated on Oct 22, 2019 (Bloomberg) Canadian Prime Minister Justin Trudeau won a second term in national elections, displaying once again a remarkable ability to overcome scandal and controversy to remain in power.Trudeau’s Liberal Party won or was leading in 156 of Canada’s 338 electoral districts, as of 1:33 … Read moreTrudeau Overcomes Scandals to Win Second Term in Divided Canada

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Trump to Nominate Deputy Energy Secretary to Replace Rick Perry

By Jennifer Jacobs, Ari Natter and Jennifer A. Dlouhy  Oct 18, 2019 (Bloomberg) President Donald Trump said he will nominate Dan Brouillette to be his next energy secretary when Rick Perry leaves the job later this year.“Dan’s experience in the sector is unparalleled. A total professional, I have no doubt that Dan will do a … Read moreTrump to Nominate Deputy Energy Secretary to Replace Rick Perry

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RigNet Accelerates Growth in Gulf of Mexico Operations with Opening of New Office in Lafayette, Louisiana Metropolitan Area

October 22, 2019| Source: RigNet, Inc. RigNet’s new office combines operations of four facilities that were previously acquired from DTS, Autocomm and SAFCON together with RigNet’s original facility in Lafayette. The new facility brings together local RigNet staff as well as employees of these recently acquired companies. RigNet is hosting an invitation-only ribbon-cutting ceremony on Oct … Read moreRigNet Accelerates Growth in Gulf of Mexico Operations with Opening of New Office in Lafayette, Louisiana Metropolitan Area

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Petroteq Demonstrates Stabilized Production

  Completes cumulative sales of 1,000 barrels since re-commissioning October 21, 2019 | Source: Petroteq Energy Inc. SHERMAN OAKS, Calif., Oct. 21, 2019 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (“Petroteq” or the “Company”) (TSXV:PQE; OTC:PQEFF; FSE: PQCF), a fully integrated surface oil sands clean recovery mining oil company with proprietary technology, is pleased to announce that the … Read morePetroteq Demonstrates Stabilized Production

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Oct 21, 2019 (Bloomberg) Brexit deal optimism holds, China prepares for sub-6% growth, and Trump’s bad week. Here are some of the things people in markets are talking about today. Not yet British Prime Minister Boris Johnson’s first attempt to get his Brexit deal through Parliament on Saturday failed, and he has been forced … Read moreFive Things to Know in World Business Today

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Oil Extends Decline as Concerns Over Global Economy Persist

By Saket Sundria and Grant Smith Oct 21, 2019 (Bloomberg) Oil fell again after a weekly loss amid ongoing concern that a fragile economic outlook will continue to weigh on fuel demand. Futures fell 1% in New York after dropping 1.7% last week. Policy makers in China, the world’s second-biggest oil consumer, are preparing for … Read moreOil Extends Decline as Concerns Over Global Economy Persist

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Booming Green Power Not Enough to Meet Climate Targets, IEA Says

By William Mathis Oct 21, 2019 (Bloomberg) Electricity capacity from renewable energy is set to expand by as much as 50% in the next five years, bolstered by government support and falling costs. But more would be needed to slow down warming of the globe, the International Energy Agency said. Those gains represent an increase … Read moreBooming Green Power Not Enough to Meet Climate Targets, IEA Says

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OPEC’s Next Meeting May Unveil New Approach to Cuts

By Grant Smith Oct 18, 2019 (Bloomberg) As the clamor grows for OPEC to slash even more oil production, and the group vows to consider any necessary action, its next meeting could result in an unusual step: a preemptive supply cut.The Organization of Petroleum Exporting Countries and its partners — known as OPEC+ — have … Read moreOPEC’s Next Meeting May Unveil New Approach to Cuts

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Trump Baffles With Claim to Have Taken Control of Mideast Oil

Trump Thumbs Up

By Stephen Cunningham and Jennifer A. Dlouhy Oct 19, 2019 (Bloomberg) President Donald Trump prompted a bout of head-scratching when he said the U.S. had control of the Middle East’s oil. Trump made the comments twice on Friday — first in a tweet proclaiming “The U.S. has secured the Oil,” and later while discussing the … Read moreTrump Baffles With Claim to Have Taken Control of Mideast Oil

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Saudi Arabia’s Best Bet Is to Crash the Price of Oil: Julian Lee

By Julian Lee Oct 20, 2019 (Bloomberg Opinion) Saudi Arabia should give up trying to manage the global crude market and return to the pump-at-will policy it briefly adopted in 2014 under its longest serving oil minister Ali Al-Naimi.In the mercantilist world in which we now live, where decisions are based on narrow national interest, it makes … Read moreSaudi Arabia’s Best Bet Is to Crash the Price of Oil: Julian Lee

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VIDEO: Watch how AI assisted visual monitoring is revolutionizing how companies manage remote assets in oil and gas – Osprey Informatics

Osprey Logo - December 2018 Update Feature

This brief presentation will provide concrete examples on how oil & gas companies can manage their remote distributed assets through AI assisted exception-based alerting, accelerating cost savings and increasing efficiencies while mitigating safety and environmental risks. Watch now

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U.S. drillers add oil rigs for second week in a row

October 18, 2019 Reuters U.S. energy firms this week increased the number of oil rigs operating for a second week in a row for the first time since June even as producers follow through on plans to reduce spending on new drilling this year. Companies added 1 oil rigs in the week to Oct. 18, bringing … Read moreU.S. drillers add oil rigs for second week in a row

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Oil Posts a Weekly Loss Amid Dour Economic Outlook, Supply Rise

By Jacquelyn Melinek Oct 18, 2019 (Bloomberg) Oil posted a weekly loss amid concerns over a slowing global economy and abundant crude supplies. Futures in New York fell 1.7% this week. China reported the slowest pace of economic growth since the early 1990s last quarter, and U.S. government data a day earlier showed American crude inventories expanding. … Read moreOil Posts a Weekly Loss Amid Dour Economic Outlook, Supply Rise

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Energy Chief Perry Tells Trump He Plans to Leave Post This Year

By Jennifer Jacobs, Jenny Leonard and Ari Natter Oct 17, 2019 (Bloomberg) Energy Secretary Rick Perry notified President Donald Trump on Thursday that he’ll leave the post this year.Perry, one of the administration’s original cabinet secretaries, enjoyed good rapport with Trump. The former Texas governor has recently come under scrutiny in the House impeachment inquiry … Read moreEnergy Chief Perry Tells Trump He Plans to Leave Post This Year

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Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Oct 18, 2019 (Bloomberg) China grows at slowest pace in decades, Brexit deal faces knife-edge vote, and Aramco delays IPO (again). Here are some of the things people in markets are talking about today. Miss China’s gross domestic product rose 6% in the three months to September, the slowest pace since the early 1990s, … Read moreFive Things to Know in World Business Today

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Saudi Aramco to Delay Launch of Its Initial Public Offering

Saudi Aramco

By Will Kennedy and Dinesh Nair Oct 18, 2019 (Bloomberg) Saudi Aramco’s stop-start initial public offering was delayed again just days before a planned launch as doubts re-emerged about the $2 trillion valuation placed on the state oil giant by Crown Prince Mohammed bin Salman. The postponement, by at least a few weeks, will allow … Read moreSaudi Aramco to Delay Launch of Its Initial Public Offering

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Trump Vowed to Save Coal, Now Miners Are Getting Laid Off

By Will Wade Oct 17, 2019 (Bloomberg) The clearest sign yet that America’s Coal County is headed for widespread job cuts: The amount of coal being produced per U.S. miner is at the lowest level in eight years. Productivity has slid 11% this year alone. The last time it was this low was in 2011, … Read moreTrump Vowed to Save Coal, Now Miners Are Getting Laid Off

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