Sign Up for FREE Daily Energy News
CDN NEWS  |   US NEWS  | TIMELY. FOCUSED. REVELANT. FREE
BREAKING NEWS:

Hazloc Heaters
H2Sweet
Propell
Hazloc Heaters
H2Sweet
Propell

The Most Profitable Trade: ‘Oil All Over the Oceans Right Now’

By Javier Blas and Alex Longley Apr 3, 2020 (Bloomberg) To outsiders, the oil trade of the day is so astonishing that even President Donald Trump sounded flabbergasted when he described it. “There’s oil all over the oceans right now. That’s where they are storing oil; we have never seen anything like that,” Trump said this … Read moreThe Most Profitable Trade: ‘Oil All Over the Oceans Right Now’

New SHOWCASE Directory Companies

 

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

A Lame-Duck Regulator Who Became the Face of Shale in Oil Wars

Permian Basin Shale

By Rachel Adams-Heard Apr 4, 2020 (Bloomberg) In just a matter of weeks, Ryan Sitton went from being a lame-duck commissioner of an obscure Texas agency to one of the key figures in a global effort to save the oil market from plummeting prices. Sitton, a Republican who lost the primary election for his own seat … Read moreA Lame-Duck Regulator Who Became the Face of Shale in Oil Wars

New SHOWCASE Directory Companies

 

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

OPEC+ Meeting Delayed on New Saudi, Russia Rift

By Zaid Sabah, Grant Smith and Javier Blas Apr 4, 2020 (Bloomberg) OPEC+ delayed a meeting aimed at ending the oil price war, as Riyadh and Moscow trade barbs about who’s to blame for the collapse in oil prices.The alliance is tentatively aiming to hold the virtual gathering on April 9 instead of Monday as it … Read moreOPEC+ Meeting Delayed on New Saudi, Russia Rift

New SHOWCASE Directory Companies

 

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

Norway May Join Oil Output Cuts for First Time Since 2002

Offshore drilling

By Mikael Holter Apr 4, 2020 (Bloomberg) Norway, the biggest oil producer in western Europe, said it would consider cutting its output if there was a broad international agreement to curb supply. The Nordic nation, whose oil output is set to grow over the next few years, hasn’t been a part of coordinated international cuts to … Read moreNorway May Join Oil Output Cuts for First Time Since 2002

New SHOWCASE Directory Companies

 

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

Oil Market Is Desperate for Saudi Arabia to Flatten the Curve: Liam Denning

By Liam Denning Apr 3, 2020 (Bloomberg Opinion)It is entirely fitting that the one of best performing energy stock on Friday morning was recently bankrupt Whiting Petroleum Corp. As President Donald Trump’s initial tweet-heard-round-the-(oil)-world has snowballed into a seething mass of optimistic rumor, so the more — how to put this? — speculative stocks have floated to the … Read moreOil Market Is Desperate for Saudi Arabia to Flatten the Curve: Liam Denning

New SHOWCASE Directory Companies

 

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

U.S. drillers cut most oil rigs in a week since 2015: Baker Hughes

(Reuters) – U.S. energy companies reduced the number of active oil rigs for a third week in a row in their biggest weekly cut in five years as they slashed spending on new drilling due to a coronavirus-related slump in economic activity and fuel demand. Drillers cut 62 oil rigs in the week to April … Read moreU.S. drillers cut most oil rigs in a week since 2015: Baker Hughes

New SHOWCASE Directory Companies

 

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

Putin Echoes Trump’s Call for Oil Producers to Cut Output

By Irina Reznik, Olga Tanas, Henry Meyer and Ilya Arkhipov  Apr 3, 2020 (Bloomberg) Russian President Vladimir Putin said his country is prepared to take part in deep cuts in oil production together with Saudi Arabia and other major producers to halt the slide in prices, echoing an announcement by his U.S. counterpart Donald Trump. “We … Read morePutin Echoes Trump’s Call for Oil Producers to Cut Output

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Apr 3, 2020 (Bloomberg) More virus restrictions and stimulus, OPEC+ set to meet, and European PMIs are dismal. Here are some of the things people in markets are talking about today. 1 million The growth in the number of coronavirus cases globally shows little sign of slowing with the reported total passing 1 million yesterday, … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

OPEC+ Urges Global Cut to Stem Rout as Russia Ready to Move

By Grant Smith, Javier Blas and Olga Tanas Apr 3, 2020 (Bloomberg) The OPEC+ coalition is pressing other oil producers to join a deep reduction in global crude output and stem a historic price crash, as Russia’s energy industry signaled it is ready to move. Oil surged on the prospect that an idea first touted by … Read moreOPEC+ Urges Global Cut to Stem Rout as Russia Ready to Move

New SHOWCASE Directory Companies

 

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

The Natural Gas Glut Moves Offshore

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

By Anna Shiryaevskaya and Naureen S. Malik Apr 3, 2020 (Bloomberg) Liquefied natural gas traders are following the latest trend in the oil market by storing huge amounts of the commodity on tankers, hoping prices will rise before the ship docks. But while crude can sit for months or even years in a tank, super-chilled LNG … Read moreThe Natural Gas Glut Moves Offshore

New SHOWCASE Directory Companies

 

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

Russian Producers Ready for Oil Cuts to Stop Price Rout

By Irina Reznik, Olga Tanas, Henry Meyer and Ilya Arkhipov Apr 3, 2020 (Bloomberg) Russia’s oil industry is ready to agree to cuts in production together with Saudi Arabia and other major producers in a desperate bid to halt the slide in prices, according to five people familiar with the efforts. While the Kremlin hasn’t confirmed … Read moreRussian Producers Ready for Oil Cuts to Stop Price Rout

New SHOWCASE Directory Companies

 

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

Oil Surges as Producers Eye 10 Million Barrel a Day Output Cut

By Alex Longley Apr 3, 2020 (Bloomberg) Oil jumped more than 16% in London as OPEC+ scheduled an urgent meeting next week to try and stem the crude market’s rout, with an output cut of 10 million barrels a day of global production being discussed. The coalition will hold a meeting of its members by video conference on … Read moreOil Surges as Producers Eye 10 Million Barrel a Day Output Cut

New SHOWCASE Directory Companies

 

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

Trump Convenes Fractious U.S. Oil Rivals in Bid to Reverse Rout

By Jennifer A. Dlouhy, Stephen Cunningham and Jordan Fabian Apr 3, 2020 (Bloomberg) President Donald Trump will convene an extraordinary gathering of the oil industry’s competing factions at the White House on Friday, as a global pandemic and oil-price war weigh on markets. Chief executives of the nation’s biggest refiners and producers are expected to discuss … Read moreTrump Convenes Fractious U.S. Oil Rivals in Bid to Reverse Rout

New SHOWCASE Directory Companies

 

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

Extraction Provides Update to 2020 Capital and G&A Budgets

April 02, 2020 | Source: Extraction Oil & Gas, Inc. DENVER, April 02, 2020 (GLOBE NEWSWIRE) — Extraction Oil & Gas, Inc. (NASDAQ: XOG) (“Extraction” or the “Company”) today announced reductions to its capital and G&A budgets. In response to recent commodity price weakness, The Company has reduced its 2020 upstream capital budget by 42% to $250-300 … Read moreExtraction Provides Update to 2020 Capital and G&A Budgets

New SHOWCASE Directory Companies

 

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

Apache Corporation Announces Significant Oil Discovery Offshore Suriname at Sapakara West-1

April 02, 2020 | Source: Apache Corporation Offshore Suriname, Block 58 On April 2, 2020, Apache Corporation and Total S.A. announced a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. This follows the January 2020 announcement of a discovery at the Maka Central-1 well. The next two exploration wells on Block 58 … Read moreApache Corporation Announces Significant Oil Discovery Offshore Suriname at Sapakara West-1

New SHOWCASE Directory Companies

 

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

The Oil Market Crash Is Starting to Claim Victims Across North America

By Joe Carroll Apr 1, 2020 (Bloomberg) The unprecedented collapse in global oil markets is wreaking havoc in all corners of the North American crude industry, pushing shale drillers, deepwater-equipment haulers and oil-sand miners to desperate measures.In the space of less than an hour on Wednesday, a former high-flying shale operator and an offshore transport company … Read moreThe Oil Market Crash Is Starting to Claim Victims Across North America

New SHOWCASE Directory Companies

 

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

Ovintiv restructures crude oil derivatives to provide additional downside protection; company now plans to reduce second quarter 2020 investments by $500 million

April 2, 2020 CNW DENVER, April 2, 2020 /CNW/ – Ovintiv Inc. (NYSE, TSX: OVV) restructured its crude oil derivatives positions to provide additional downside protection for the balance of 2020. In addition, the Company now plans to further reduce its second quarter investments by an additional $200 million, bringing total capital reductions in the second quarter to $500 million. Updated … Read moreOvintiv restructures crude oil derivatives to provide additional downside protection; company now plans to reduce second quarter 2020 investments by $500 million

New SHOWCASE Directory Companies

 

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

Saudi wants cooperation to bolster oil, blames Russia for turmoil

Saudi-Deputy-Crown-Prince-Mohammed-bin-Salman_Vladimir-Putin-Russia

April 2, 2020 Saudi Arabia supports cooperation between oil producers to stabilize the oil market but Russia’s opposition to a proposal last month to deepen oil supply cuts has caused market turmoil, a senior Gulf source familiar with Saudi thinking told Reuters.International crude prices have fallen over 50 percent to under $26 a barrel since … Read moreSaudi wants cooperation to bolster oil, blames Russia for turmoil

New SHOWCASE Directory Companies

 

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

Trump says oil output cut could be more than 10 mln bbls

Donald Trump

April 2, 2020 Reuters U.S. President Donald Trump U.S. President Donald Trump on Thursday said he had spoken to Saudi crown prince Mohammed bin Salman and that he expects Saudi Arabia and Russia to cut oil output by as much as 15 million barrels per day, as the two countries signaled willingness for a deal.In a … Read moreTrump says oil output cut could be more than 10 mln bbls

New SHOWCASE Directory Companies

 

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

The Virus Is Bending Most Markets. Will Renewable Energy Break?

By Nathaniel Bullard  2, 2020 (Bloomberg)Markets of every sort, in every part of the world, are responding to the shock of Covid-19. Almost nothing is left untouched, whether it’s consumer-facing, business-to-business, a luxury, or a commodity. Looking across a number of markets this week, there are two states: bending and breaking. Here’s a bending market: U.S. aviation. … Read moreThe Virus Is Bending Most Markets. Will Renewable Energy Break?

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Apr 2, 2020 (Bloomberg) Mammoth jobless claims data expected, China rejects U.S. charge on virus numbers, and finally some good news for oil. Here are some of the things people in markets are talking about today. Millions Weekly jobless claims numbers due 8:30 a.m. Eastern Time are expected to show another record high with the median expectation … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Oil Rebounds on China’s Crude Buying and Trump’s Diplomatic Push

By Sharon Cho and Alex Longley Apr 2, 2020 (Bloomberg)Oil surged in London as China planned to start buying up cheap crude for its strategic reserves, while the U.S. president said he thought Saudi Arabia and Russia would resolve their differences to ease the price war.Brent futures rose as much as 13% as Beijing instructed government agencies … Read moreOil Rebounds on China’s Crude Buying and Trump’s Diplomatic Push

New SHOWCASE Directory Companies

 

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

China to Start Buying Oil for State Reserves After Crash

By Bloomberg News Apr 2, 2020 (Bloomberg) China is moving forward with plans to buy up oil for its emergency reserves after an epic price crash, according to people with knowledge of the matter.The world’s biggest importer is taking advantage of a 60% plunge this year to snatch up cheaper barrels for its stockpiles, a source … Read moreChina to Start Buying Oil for State Reserves After Crash

New SHOWCASE Directory Companies

 

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

Massive New Mine Could Be Oil-Sands’ First Big Price War Victim

By Kevin Orland and Robert Tuttle Apr 1, 2020 (Bloomberg) The last major oil-sands mine to start operating in northern Alberta could be Canada’s first big casualty of the Saudi-Russian price war and the Covid-19 pandemic.Teck Resources Ltd., one of the partners in the Fort Hills project that formally opened in September 2018, is considering a full shutdown … Read moreMassive New Mine Could Be Oil-Sands’ First Big Price War Victim

New SHOWCASE Directory Companies

 

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

Natural Gas Services Group, Inc. Reports Fourth Quarter 2019 Earnings

April 01, 2020  | Source: Natural Gas Services Group, Inc. Midland, April 01, 2020 (GLOBE NEWSWIRE) Natural Gas Services Group, Inc. (NYSE:NGS), a leading provider of gas compression equipment and services to the natural gas and oil industry, announces its financial results for the three months and full year ended December 31, 2019. Financial results contained herein … Read moreNatural Gas Services Group, Inc. Reports Fourth Quarter 2019 Earnings

New SHOWCASE Directory Companies

 

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

Shell Midstream Partners, L.P. Closes on Previously Announced Transactions and Announces Updated Guidance

April 02, 2020  | Source: Shell Midstream Partners, L.P. Houston, April 02, 2020 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership” or “SHLX”) today announced that on April 1, 2020 it closed the transactions contemplated by the previously announced Restructuring Agreement with its general partner to eliminate all incentive distribution rights (“IDRs”) and … Read moreShell Midstream Partners, L.P. Closes on Previously Announced Transactions and Announces Updated Guidance

New SHOWCASE Directory Companies

 

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

Trucking Demand Throws a Lifeline to Ailing Refineries

By Jeffrey Bair Apr 1, 2020 (Bloomberg) With jets grounded and cars parked, diesel fuel for trucking is giving some relief to refiners as the coronavirus spread cuts deep into demand.The diesel revenue is sorely needed for the refining industry which has seen plants shut from South Africa to Canada and widepsread production cutbacks due to the pandemic-driven … Read moreTrucking Demand Throws a Lifeline to Ailing Refineries

New SHOWCASE Directory Companies

 

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

Trump says he expects Saudi-Russia oil production deal in coming days

Saudi-Deputy-Crown-Prince-Mohammed-bin-Salman_Vladimir-Putin-Russia

April 1, 2020 Reuters U.S. President Donald Trump said on Wednesday he expected Saudi Arabia and Russia to reach a deal in the next few days on oil production to end a price war that has “ravaged” the oil industry worldwide.“I think that they will work it out over the next few days. … Both know … Read moreTrump says he expects Saudi-Russia oil production deal in coming days

New SHOWCASE Directory Companies

 

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

Trump to Meet With Oil Executives Reeling From Price Drop

Donald Trump

By Ari Natter, Jennifer A. Dlouhy and Kevin Crowley  Apr 1, 2020 (Bloomberg) Oil company executives reeling from a massive drop in prices were set to meet with President Donald Trump Friday as the administration seeks ways to help the beleaguered industry. The meeting, which was confirmed by the American Petroleum Institute comes just as Saudi … Read moreTrump to Meet With Oil Executives Reeling From Price Drop

New SHOWCASE Directory Companies

 

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

Oil’s Crash Tips Former Titan of U.S. Shale Into Bankruptcy

By Joe Carroll and Jeremy Hill Apr 1, 2020 (Bloomberg) The unprecedented collapse in global oil markets brought another driller to its knees, forcing a champion of what was once the premier U.S. shale field to seek protection from creditors. Whiting Petroleum Corp., facing more than a quarter-billion dollar debt maturity, filed for bankruptcy Wednesday, perhaps … Read moreOil’s Crash Tips Former Titan of U.S. Shale Into Bankruptcy

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Apr 1, 2020 (Bloomberg) Trump warns of painful two weeks, bank shares slump on dividend halt, and Saudi Arabia moves ahead on plan to flood oil market. Here are some of the things people in markets are talking about today. Reality sets in There was a notable change in tone from President Donald Trump when he addressed … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Apache Corporation Doubles Estimate of Annual Cost Savings From Recent Organizational Redesign

April 01, 2020 | Source: Apache Corporation HOUSTON, April 01, 2020 (GLOBE NEWSWIRE) — Apache Corporation (NYSE, Nasdaq: APA) today provided an update regarding the cost savings associated with its previously announced organizational redesign. Apache now expects to deliver an annualized G&A and LOE cost reduction in excess of $300 million, up from an original target … Read moreApache Corporation Doubles Estimate of Annual Cost Savings From Recent Organizational Redesign

New SHOWCASE Directory Companies

 

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

Oil’s Apocalyptic April Could Reverberate for Years to Come

By Ben Sharples  Apr 1, 2020 (Bloomberg) Oil is entering a period of unparalleled demand destruction this month that promises to transform the industry for years to come. Daily consumption will plummet by 15 million to 22 million barrels in April from a year earlier, according to estimates from some of the world’s most influential energy … Read moreOil’s Apocalyptic April Could Reverberate for Years to Come

New SHOWCASE Directory Companies

 

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

Private Equity Can’t Escape the Pain of Shale Country’s Collapse

By Rachel Adams-Heard Apr 1, 2020 (Bloomberg)One of the biggest changes in the shale industry since the last bust: Private equity is trying to get out of the game, not in. Even before crude prices fell off a cliff, the creation of new funds to invest in oil and gas had dwindled. Now, with demand … Read morePrivate Equity Can’t Escape the Pain of Shale Country’s Collapse

New SHOWCASE Directory Companies

 

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

Trump Says World’s Biggest Oil Producers to Meet on Market Crash

Donald Trump

By Justin Sink and Brian Eckhouse Apr 1, 2020 (Bloomberg) President Donald Trump said the U.S. would meet with Saudi Arabia and Russia with the goal of stanching an historic plunge in oil prices. Trump, speaking at the White House Tuesday, said he’s raised the issue in conversations with Russian President Vladimir Putin and Saudi Crown … Read moreTrump Says World’s Biggest Oil Producers to Meet on Market Crash

New SHOWCASE Directory Companies

 

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

Oil Holds Above $20 as Saudi Output Surges, Russia’s Won’t Rise

By Alex Longley  Apr 1, 2020 (Bloomberg)  Oil held near $20 a barrel as Saudi Aramco’s output surged above 12 million barrels a day, but Russia said it would refrain from further production hikes. Crude futures in New York were little changed Wednesday, following a record decline in the first quarter. While state-run Aramco’s oil … Read moreOil Holds Above $20 as Saudi Output Surges, Russia’s Won’t Rise

New SHOWCASE Directory Companies

 

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

Keystone XL Oil Pipeline Gets Go-Ahead After Alberta Puts Up $1.1 Billion

By Kevin Orland Mar 31, 2020 (Bloomberg) North America’s most infamous oil pipeline project just got a surprise $5.3 billion financial aid package from Alberta as the Canadian province fights to rescue its battered oil-sands industry. Keystone XL, which for years has faced court challenges and environmental opposition in the U.S., will get a $1.1 billion … Read moreKeystone XL Oil Pipeline Gets Go-Ahead After Alberta Puts Up $1.1 Billion

New SHOWCASE Directory Companies

 

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

OPEC rift widens as group fails to set date for emergency talks

March 31, 2020  Reuters A rift in the Organization of the Petroleum Exporting Countries (OPEC) has widened after members failed to agree unanimously on an emergency low-level meeting to discuss a market collapse that has seen global oil prices hit 18-year lows.OPEC president Algeria, which has been instrumental in organising the producer group’s efforts to … Read moreOPEC rift widens as group fails to set date for emergency talks

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Mar 31, 2020 (Bloomberg) Congress looks to another stimulus package, economic forecasts worsen, and some relief for oil. Here are some of the things people in markets are talking about today. Ready to do more The White House and congressional Democrats are preparing for another round of economic stimulus to get the U.S. through the virus … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

U.S. LNG Behemoth Signals It May Curb Production

By Naureen S. Malik, Anna Shiryaevskaya and Stephen Stapczynski Mar 31, 2020 (Bloomberg) One of the world’s biggest liquefied natural gas exporters is signaling it may throttle back production.Cheniere Energy Inc. has tendered to buy six shipments for delivery to Europe later this year, a rare step for a company that’s fundamentally a seller of the … Read moreU.S. LNG Behemoth Signals It May Curb Production

New SHOWCASE Directory Companies

 

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

Refiners Benefiting From Crude-Price Plunge Even as Plants Slow

By David Wethe and Jeffrey Bair Mar 31, 2020 (Bloomberg)America’s biggest fuel makers are taking advantage of plunging oil prices to capture profits while slowing fuel production. Marathon Petroleum Corp., Phillips 66 and Valero Energy Corp. are some of the U.S. refiners that cash in when crude costs fall faster than fuel prices. Some grades … Read moreRefiners Benefiting From Crude-Price Plunge Even as Plants Slow

New SHOWCASE Directory Companies

 

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

Two Shale CEOs Back Plan to Cut Texas Output After Oil’s Crash

By David Wethe Mar 31, 2020 (Bloomberg) Two of the biggest drillers in America’s largest oil-producing state have asked Texas regulators to consider a cut to crude output after a historic price crash. Pioneer Natural Resources Co. and Parsley Energy Inc. asked the three-member Texas Railroad Commission on Monday to call an emergency virtual meeting no … Read moreTwo Shale CEOs Back Plan to Cut Texas Output After Oil’s Crash

New SHOWCASE Directory Companies

 

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

Saudis Start to Unleash Oil Wave Despite U.S. Political Pressure

By Javier Blas and Brian Wingfield  Mar 31, 2020 (Bloomberg)Saudi Arabia has made good on its pledge to ramp up oil exports in April, with a first wave of crude already on its way toward Europe and the U.S., a clear sign the oil price war remains in full swing. The kingdom has loaded several … Read moreSaudis Start to Unleash Oil Wave Despite U.S. Political Pressure

New SHOWCASE Directory Companies

 

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

Trump and Putin Are All Talk on Oil Price Plunge: Julian Lee

By Julian Lee Mar 31, 2020 (Bloomberg Opinion) Well there’s a surprise. During a telephone conversation on Monday, Presidents Donald Trump and Vladimir Putin “agreed on the importance of stability in global energy markets.” However, it’s very unlikely either will go beyond extolling stability and waiting for (or pressuring) somebody else to do something about it. According to the Kremlin, energy officials … Read moreTrump and Putin Are All Talk on Oil Price Plunge: Julian Lee

New SHOWCASE Directory Companies

 

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

Oil Heads for Worst Quarter Ever as Real Crude Prices Plunge

By Sharon Cho and Alex Longley  Mar 31, 2020 (Bloomberg)Oil clawed back some losses as Chinese manufacturing data beat expectations, but futures were still heading for the worst quarter on record as the physical market showed further signs of collapse. Futures in New York were higher on Tuesday but crude is still down 65% since the end … Read moreOil Heads for Worst Quarter Ever as Real Crude Prices Plunge

New SHOWCASE Directory Companies

 

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

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Provides Supplementary Update on 2020 Hedge Position

March 31, 2020  | Source: Viper Energy Partners LP MIDLAND, Texas, March 31, 2020 (GLOBE NEWSWIRE) — Viper Energy Partners LP (NASDAQ: VNOM) (“Viper” or the “Company”) today provided an update to its oil hedge position for the remainder of 2020. The Company has now hedged the majority of its production through collars to protect cash … Read moreViper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Provides Supplementary Update on 2020 Hedge Position

New SHOWCASE Directory Companies

 

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

DIAMONDBACK ENERGY, INC. PROVIDES REVISED 2020 GUIDANCE AND UPDATED HEDGE POSITIONS

March 31, 2020 06:00 ET | Source: Diamondback Energy, Inc. MIDLAND, Texas, March 31, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today provided revised full year 2020 guidance and updated hedge positions. REVISED 2020 GUIDANCE HIGHLIGHTS Full year revised 2020 production guidance of 295.0 – 310.0 MBOE/d Full year revised 2020 … Read moreDIAMONDBACK ENERGY, INC. PROVIDES REVISED 2020 GUIDANCE AND UPDATED HEDGE POSITIONS

New SHOWCASE Directory Companies

 

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

Shell first quarter 2020 update note March 31, 2020  | Source: Royal Dutch Shell The Hague, March 31, 2020 – This is an update to the first quarter 2020 outlook provided in the fourth quarter results announcement on January 30, 2020. The impacts presented here may vary from the actual results and are subject to finalisation of the … Read more

New SHOWCASE Directory Companies

 

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

Pandemic Doesn’t Stop Nuclear Reactor Refueling

By Will Wade Mar 30, 2020 (Bloomberg) Over the last few weeks, hundreds of itinerant nuclear-plant workers converged on a sleepy lakeside town south of Detroit. They arrived in pickup trucks, campers and SUVs, and are now working side-by-side to refuel the Fermi 2 reactor. It’s one of 32 in the U.S. scheduled to have fuel rods replaced this spring … Read morePandemic Doesn’t Stop Nuclear Reactor Refueling

New SHOWCASE Directory Companies

 

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

Range Announces Updated 2020 Capital Program

March 31, 2020  | Source: Range Resources Corporation FORT WORTH, Texas, March 31, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE:  RRC) today announced that it has reduced its 2020 all-in capital budget from $520 million to $430 million.  Range still expects to maintain production at approximately 2.3 Bcfe per day for 2020. “This announcement is a continuation … Read moreRange Announces Updated 2020 Capital Program

New SHOWCASE Directory Companies

 

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

DENBURY RESOURCES PROVIDES OPERATIONAL AND FINANCIAL UPDATE

March 31, 2020| Source: Denbury Resources Inc. Actions to Preserve and Enhance Liquidity Include: –   Reducing 2020 Capital Budget by $80 Million, or 44% –   Deferring Cedar Creek Anticline Development Project –   Restructuring Hedges Intention to Seek Stockholder Approval of Reverse Stock Split PLANO, Texas, March 31, 2020 (GLOBE NEWSWIRE) — Denbury Resources Inc. (NYSE: DNR) … Read moreDENBURY RESOURCES PROVIDES OPERATIONAL AND FINANCIAL UPDATE

New SHOWCASE Directory Companies

 

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

TC Energy to Build Keystone XL Pipeline – Thousands of New Jobs, Billions in Economic Stimulus and Enhanced North American Energy Security

Construction will lead to thousands of new jobs, billions in economic stimulus and enhanced North American energy security March 31, 2020 | Source: TC Energy Corporation CALGARY, Alberta and HOUSTON, March 31, 2020 (GLOBE NEWSWIRE) — – News Release – TC Energy Corporation (TSX, NYSE: TRP) (TC Energy or the Company) today announced that it will proceed with … Read moreTC Energy to Build Keystone XL Pipeline – Thousands of New Jobs, Billions in Economic Stimulus and Enhanced North American Energy Security

New SHOWCASE Directory Companies

 

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

U.S. natgas edges up with big drop in rig count, forecasts for less output

Natural Gas

March 30, 2020 Reuters U.S. natural gas futures edged up on Monday on expectations production will decline in coming weeks and months after the rig count dropped last week. The small increase came despite a near 9% drop in oil prices and forecasts for milder weather and lower heating demand over the next two weeks than … Read moreU.S. natgas edges up with big drop in rig count, forecasts for less output

New SHOWCASE Directory Companies

 

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

Osperity Launches a New All-In-One Solution “OMNI” to Help Companies in the Energy Industry to Manage Their Remote Assets Safely and More Efficiently

Osperity Feature Logo 400x270

Osperity’s all-in-one OMNI solution empowers organizations to remotely monitor and inspect industrial sites & assets with visual AI-driven event detection and exception-based alerting. OMNI – Only a Low $125 Per Month Click here to see the benefits and the savings

New SHOWCASE Directory Companies

 

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

Trump Shifts to Worry Over Oil Rout, Discusses Prices With Putin

By Jordan Fabian, David Marino and Jennifer A. Dlouhy  Mar 30, 2020 (Bloomberg)President Donald Trump said he’s concerned oil prices have fallen too far and called Vladimir Putin on Monday to discuss Russia’s oil-price war with Saudi Arabia.The leaders, who also talked about the spread of the coronavirus, agreed to discussions on oil between energy … Read moreTrump Shifts to Worry Over Oil Rout, Discusses Prices With Putin

New SHOWCASE Directory Companies

 

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

Global oil demand could fall around a third next month

March 30, 2020 Reuters Global commodities trader Trafigura’s chief economist said oil demand could fall by more than 30 million barrels per day (bpd) in April, as the global economy grinds to a near halt due to the coronavirus. The forecast, the highest yet from a senior industry forecaster, equates to around a third of the … Read moreGlobal oil demand could fall around a third next month

New SHOWCASE Directory Companies

 

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

Why Companies Are Turning To Digital Marketing To Survive COVID-19 – Bernard Marr: Forbes.com

Bernard Marr Enterprise Tech In the coming months, businesses are going to become more reliant than ever on their digital strategy. Without wanting to sound too alarmist, in many cases it will be the deciding factor in whether they make it through the tough times ahead. The unprecedented, almost-total disappearance of all channels related to … Read moreWhy Companies Are Turning To Digital Marketing To Survive COVID-19 – Bernard Marr: Forbes.com

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Mar 30, 2020 (Bloomberg) Trump extends virus guidance to end of April, countries add more stimulus, and the oil market is just broken. Here are some of the things people in markets are talking about today. Changing plans President Donald Trump abandoned his goal to reopen the U.S. economy in two weeks time, … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Oil Plummets to 17-Year Low as Broken Market Drowns in Crude

By Alex Longley  Mar 30, 2020 (Bloomberg)Oil tumbled to a 17-year low as coronavirus lockdowns cascaded through the world’s largest economies, leaving the market overwhelmed by cratering demand and a ballooning surplus. Futures in London fell as much as 9.4% to the lowest since November 2002, while New York crude briefly dipped below $20 a … Read moreOil Plummets to 17-Year Low as Broken Market Drowns in Crude

New SHOWCASE Directory Companies

 

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

U.S. Miners Are Idling Operations as Virus Comes to Coal Country

By Will Wade Mar 30, 2020 (Bloomberg)The coronavirus is starting to affect U.S. coal country. Consol Energy Inc. has idled a Pennsylvania mine after two workers tested positive, and Alliance Resource Partners LP is shuttering all of its operations in Illinois as the deadly virus drags down the global economy. The announcements Monday come as … Read moreU.S. Miners Are Idling Operations as Virus Comes to Coal Country

New SHOWCASE Directory Companies

 

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

Goldman Sees U.S., Russian Oil Most Vulnerable to Demand Crash

By Sharon Cho Mar 30, 2020 (Bloomberg) Oil demand is getting hammered at a faster pace than anyone had predicted and landlocked crude production in the U.S., Russia and Canada is most vulnerable, according to Goldman Sachs Group Inc. Consumption will drop by 26 million barrels, or 25%, this week as social-distancing measures to contain the … Read moreGoldman Sees U.S., Russian Oil Most Vulnerable to Demand Crash

New SHOWCASE Directory Companies

 

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

Apergy Announces Business and Merger Update Conference Call

March 30, 2020  | Source: Apergy Corporation THE WOODLANDS, Texas, March 30, 2020 (GLOBE NEWSWIRE) — Apergy Corporation (“Apergy”) (NYSE: APY) announced today that Soma Somasundaram, President and Chief Executive Officer, will host a business update call facilitated by David Anderson of Barclays on Tuesday, March 31, 2020 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Deric Bryant, … Read moreApergy Announces Business and Merger Update Conference Call

New SHOWCASE Directory Companies

 

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

Devon Energy Provides Revised 2020 Capital Expenditure Outlook and Hedge Update

March 30, 2020| Source: Devon Energy Corporation OKLAHOMA CITY, March 30, 2020 (GLOBE NEWSWIRE) — Devon Energy Corp. (NYSE: DVN) today provided updates to its 2020 capital expenditure outlook and hedge position. Based on current market conditions, Devon has elected to further reduce its capital expenditures by an additional $300 million for the full-year 2020. The … Read moreDevon Energy Provides Revised 2020 Capital Expenditure Outlook and Hedge Update

New SHOWCASE Directory Companies

 

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

The Coronavirus Means It’s A Truly Free Market For Oil – Julian Lee

FILE PHOTO: An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018. REUTERS/Stringer

By Julian Lee  Mar 28, 2020 (Bloomberg Opinion) At the point we’re now at, postponing the oil-price war won’t make a lot of difference for an industry that’s already breaking down under the weight of demand destruction. It’s too late to use diplomacy and artful negotiations to share the burden of output cuts that are now inevitable. The pumping … Read moreThe Coronavirus Means It’s A Truly Free Market For Oil – Julian Lee

New SHOWCASE Directory Companies

 

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

U.S. oil drillers cut the most rigs in a week in nearly 5 years -Baker Hughes

Drilling Rig pipes

By Scott DiSavino March 27 (Reuters) – U.S. energy firms cut the most oil rigs in a week since April 2015, removing rigs for a second week in a row as a coronavirus-related slump in economic activity and fuel demand has forced massive retrenchment in investment by oil and gas companies. Drillers cut 40 oil … Read moreU.S. oil drillers cut the most rigs in a week in nearly 5 years -Baker Hughes

New SHOWCASE Directory Companies

 

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

Green Fuel Plants Are Shutting Down and Some May Never Come Back

By Isis Almeida, Fabiana Batista and Michael Hirtzer (Bloomberg) The coronavirus and cheap oil are hitting the fuel business so hard that ethanol plants are shutting down. Some may never come back.The entire biofuel industry is facing a reckoning. Long before the pandemic emptied roads and exacerbated an oil price war, producers were battling chronic oversupply … Read moreGreen Fuel Plants Are Shutting Down and Some May Never Come Back

New SHOWCASE Directory Companies

 

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

Global oil refiners shut down as coronavirus destroys demand

Refinery

March 29, 2020 The first oil refinery shutdowns in India and Europe were announced on Friday while global refinery runs drop like a stone in response to plunging demand as countries worldwide implement lockdowns.Italy’s API said it would close operations temporarily at its Ancona refinery, which has capacity of 85,000 barrels per day (bpd). In … Read moreGlobal oil refiners shut down as coronavirus destroys demand

New SHOWCASE Directory Companies

 

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

PETROTEQ DOWNSCALES PRODUCTION CITING MARKET CONDITIONS

Announces Addition of Securities Industry Professional to the Board March 27, 2020 | Source: Petroteq Energy Inc. SHERMAN OAKS, Calif., March 27, 2020 (GLOBE NEWSWIRE) — Petroteq Energy Inc. (“Petroteq” or the “Company”) ‎‎(TSXV:PQE; ‎OTC:PQEFF; FSE:PQCF), an integrated oil ‎company focused on the development and implementation of its proprietary oil-‎extraction and remediation technologies, announces it is ‎reducing production … Read morePETROTEQ DOWNSCALES PRODUCTION CITING MARKET CONDITIONS

New SHOWCASE Directory Companies

 

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

Laredo Petroleum Receives Continued Listing Standard Notice From NYSE

March 27, 2020 | Source: Laredo Petroleum, Inc. TULSA, OK, March 27, 2020 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc., a Delaware corporation (NYSE: LPI) (“Laredo” or the “Company”), announced today that on March 26, 2020, it received formal notice from the New York Stock Exchange (“NYSE”) that the average closing price of the Company’s common stock … Read moreLaredo Petroleum Receives Continued Listing Standard Notice From NYSE

New SHOWCASE Directory Companies

 

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

RANGE ANNOUNCES REAFFIRMATION OF BANK CREDIT FACILITY

March 27, 2020  | Source: Range Resources Corporation FORT WORTH, Texas, March 27, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that its $3.0 billion borrowing base was reaffirmed under the Company’s credit facility in accordance with the redetermination process. Aggregate bank commitments under the credit facility remain at $2.4 billion. At year-end 2019, Range’s … Read moreRANGE ANNOUNCES REAFFIRMATION OF BANK CREDIT FACILITY

New SHOWCASE Directory Companies

 

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

Saudis Hold Firm on No Talks With Russia On Oil Output Cuts

By Javier Blas and Olga Tanas Mar 27, 2020 (Bloomberg) Saudi Arabia held firm on its position in the price war with Russia, saying on Friday that the kingdom hasn’t had any contacts with Moscow about oil production cuts or enlarging the OPEC+ alliance.The comments from the Saudi Energy Ministry dispelled speculation that Riyadh and Moscow … Read moreSaudis Hold Firm on No Talks With Russia On Oil Output Cuts

New SHOWCASE Directory Companies

 

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

The Global Oil Market Is Broken, Drowning in Crude Nobody Needs Right Now

By Javier Blas, Alex Longley and Sheela Tobben Mar 28, 2020 (Bloomberg) The global oil market is broken, overwhelmed by an unmanageable surplus as virus lockdowns cascade through the world’s largest economies. Onshore tanks in many markets are full, forcing traders to store excess oil in idle supertankers. Refineries are starting to shut down because nobody … Read moreThe Global Oil Market Is Broken, Drowning in Crude Nobody Needs Right Now

New SHOWCASE Directory Companies

 

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

One Corner of U.S. Oil Market Has Already Seen Negative Prices

By Javier Blas and Sheela Tobben Mar 28, 2020 (Bloomberg)In an obscure corner of the American physical oil market, crude prices have turned negative — producers are actually paying consumers to take away the black stuff. The first crude stream to turn upside down was Wyoming Asphalt Sour, a dense oil used mostly to produce … Read moreOne Corner of U.S. Oil Market Has Already Seen Negative Prices

New SHOWCASE Directory Companies

 

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

Pipelines Ask U.S. Oil Drillers to Curb Output as Tanks Fill Up

Pipeline Oil Storage

By Javier Blas, Sheela Tobben and Rachel Adams-Heard  Mar 28, 2020 (Bloomberg)American pipeline operators have begun asking oil producers to voluntarily ratchet back their output in the clearest sign yet that a growing glut of crude is overwhelming storage capacity. Plains All American Pipeline LP, one of the biggest shippers of crude in the U.S., … Read morePipelines Ask U.S. Oil Drillers to Curb Output as Tanks Fill Up

New SHOWCASE Directory Companies

 

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

Five More Crazy Days on Wall Street Drag Markets Back From Brink

By Sam Potter, Anchalee Worrachate and Justina Lee Mar 27, 2020 (Bloomberg) It’s more than a month since the sell-off began. In that time, tens of trillions of dollars of value was wiped off global stock gauges, corporate borrowing costs exploded, and access to short-term funding all but evaporated. It was nothing to what was happening … Read moreFive More Crazy Days on Wall Street Drag Markets Back From Brink

New SHOWCASE Directory Companies

 

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

Oil Drops Fifth Straight Week on Heightened Supply-Demand Shock

By Jackie Davalos and Alex Longley Mar 27, 2020 (Bloomberg)Oil declined for a fifth straight week amid a one-two punch from collapsing demand due to the coronavirus crisis and ballooning supply from producers vying for market share. Futures in New York slumped 4.8% on Friday and are poised for the biggest quarterly drop on record as … Read moreOil Drops Fifth Straight Week on Heightened Supply-Demand Shock

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Mar 27, 2020 (Bloomberg) The economy needs fast bureaucracy, U.S. virus cases surpass China, and markets slip. Here are some of the things people in markets are talking about today. Bill speed The House is set to pass the $2 trillion stimulus package today and send it to the White House for President Donald Trump’s signature. … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Russia calls for new enlarged OPEC deal to tackle oil demand collapse

Saudi-Deputy-Crown-Prince-Mohammed-bin-Salman_Vladimir-Putin-Russia

March 27, 2020 Reuters A new OPEC+ deal to balance oil markets might be possible if other countries join in, Kirill Dmitriev, head of Russia’s sovereign wealth fund said, adding that countries should also cooperate to cushion the economic fallout from coronavirus. A pact between the Organization of the Petroleum Exporting Countries and other producers, including … Read moreRussia calls for new enlarged OPEC deal to tackle oil demand collapse

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Mar 27, 2020 (Bloomberg) The economy needs fast bureaucracy, U.S. virus cases surpass China, and markets slip. Here are some of the things people in markets are talking about today. Bill speed The House is set to pass the $2 trillion stimulus package today and send it to the White House for President Donald Trump’s signature. … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Oil Crash Dims Glimmer of Promise in Green Carbon Push

By Natalia Kniazhevich Mar 26, 2020 (Bloomberg) It was only in early February that Charles Roemer was talking up the prospects of his latest energy project: a natural gas plant that would capture and sell tons of carbon dioxide to oil producers when it got turned on in 2026. The Louisiana project, part of larger proposed … Read moreOil Crash Dims Glimmer of Promise in Green Carbon Push

New SHOWCASE Directory Companies

 

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

Oil Pain Spreads Beyond Permian to Small Towns Across America

By Catherine Ngai Mar 27, 2020 (Bloomberg) The oil market turmoil sparked by Saudi Arabia and Russia is threatening U.S. jobs even in Cut Bank, Montana, and Magnolia, Arkansas — relatively obscure communities in the world of energy. In such places, mom-and-pop outfits run so-called stripper wells, which generate no more than 15 barrels a day. After … Read moreOil Pain Spreads Beyond Permian to Small Towns Across America

New SHOWCASE Directory Companies

 

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

Oil Industry Braces for Biggest Idling of Wells in 35 Years

By Javier Blas  Mar 27, 2020 (Bloomberg) Only the old hands at the Coffeyville oil refinery could remember anything like the prices posted this month. The small Kansas plant in the heart of rural America was offering just $1.75 a barrel for Wyoming sweet crude. With more than two billion people on virus lockdown from India … Read moreOil Industry Braces for Biggest Idling of Wells in 35 Years

New SHOWCASE Directory Companies

 

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

Oil Near $23 as Traders Weigh Stimulus Versus Demand Woes

Oil Pump

By Alex Longley and Ann Koh Mar 27, 2020 (Bloomberg) Oil traded near $23 as traders weighed the collapse in global consumption as a result of the coronavirus outbreak, which continues to roil markets, against a broader fiscal response.Futures in New York pared earlier gains but are set to eke out a small weekly increase. While … Read moreOil Near $23 as Traders Weigh Stimulus Versus Demand Woes

New SHOWCASE Directory Companies

 

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

Canadian Crude Is So Cheap It Costs More to Ship It Than Buy It

By Robert Tuttle Mar 27, 2020 (Bloomberg) Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.Western Canadian Select crude in Alberta dropped $2.84 to a record low of $6.45 a … Read moreCanadian Crude Is So Cheap It Costs More to Ship It Than Buy It

New SHOWCASE Directory Companies

 

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

Apache Corporation Comments on Financial Position and Liquidity

March 27, 2020 | Source: Apache Corporation HOUSTON, March 27, 2020 (GLOBE NEWSWIRE) — Apache Corporation (NYSE, Nasdaq: APA) today provided additional information related to the strength of its liquidity position and capital structure in response to Standard and Poor’s decision yesterday to lower Apache’s credit rating. On March 26, 2020, Standard & Poor’s reduced Apache’s … Read moreApache Corporation Comments on Financial Position and Liquidity

New SHOWCASE Directory Companies

 

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

Greenfields Petroleum Corporation Announces Extension of Forbearance Agreement and Agreement to Defer Payment of its Senior Secured Debt

March 27, 2020  | Source: Greenfields Petroleum Corporation HOUSTON, March 27, 2020 (GLOBE NEWSWIRE) — Greenfields Petroleum Corporation (the “Company” or “Greenfields”) (TSX VENTURE: GNF), a production focused company with operating assets in Azerbaijan, announces that Vitol Energy (Bermuda) Ltd. (“Vitol”), the Company’s senior debt lender, has agreed to further amend the forbearance agreement executed on … Read moreGreenfields Petroleum Corporation Announces Extension of Forbearance Agreement and Agreement to Defer Payment of its Senior Secured Debt

New SHOWCASE Directory Companies

 

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

Centennial Resource Development Announces Leadership Changes

March 27, 2020 | Source: Centennial Resource Development DENVER, March 27, 2020 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced it is implementing its previously announced leadership transition plan in light of the fact that Mark G. Papa has elected to accelerate the timing of his retirement as Chairman … Read moreCentennial Resource Development Announces Leadership Changes

New SHOWCASE Directory Companies

 

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

DISTANCE YOURSELF: NOT YOUR BUSINESS: The Shift to Digital to Survive COVID-19: See EnergyNow’s Reduced Pricing, Extended Coverage & Digital Support! – Click HERE for Details

“Social Distancing” Does Not Mean “Business Distancing” THE TIME IS NOW to Ensure Your Marketing  Strategy Includes a Strong Digital Marketing Presence! Keep Your Company in Sight & Relevant, Not Out-of-Mind! THE WORLD HAS CHANGED QUICKLY! In just a few short weeks (and well into the foreseeable future), a strong digital marketing presence just became … Read moreDISTANCE YOURSELF: NOT YOUR BUSINESS: The Shift to Digital to Survive COVID-19: See EnergyNow’s Reduced Pricing, Extended Coverage & Digital Support! – Click HERE for Details

New SHOWCASE Directory Companies

 

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

In oil markets, it’s back to 1998 crisis pricing

March 26, 20209:28 AM Reuters Brent oil futures may be trading at $27 per barrel but oil producers are selling their crude in the physical market at lower prices not seen since the aftermath of the Asian financial crisis of the late 1990s.Most are offloading their oil for below $20 a barrel as the coronavirus pandemic … Read moreIn oil markets, it’s back to 1998 crisis pricing

New SHOWCASE Directory Companies

 

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

U.S. Department of Energy ditches plans to buy oil for strategic reserve

The U.S. Department of Energy said on Thursday it has ditched plans to purchase crude for the nation’s emergency reserve due to a lack of funding from Congress, dealing a blow to President Donald Trump’s plan to give relief to energy companies amid the global oil market collapse. Energy Secretary Dan Brouillette had asked lawmakers … Read moreU.S. Department of Energy ditches plans to buy oil for strategic reserve

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Mar 26, 2020 (Bloomberg) All eyes on jobless claims, Senate passes $2 trillion virus plan, and WHO says countries are wasting time. Here are some of the things people in markets are talking about today. Record number This week’s initial jobless claims data at 8:30 a.m. Eastern Time is the most hotly anticipated in years … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Green Focus for EU Bailout Plan Now Seems More Likely

By Ewa Krukowska and Laura Millan Lombrana Mar 26, 2020 The European Union is likely to make greening the economy an essential part of efforts to recover from the shock of the coronavirus pandemic. Heads of government are due to meet by video on Thursday and are considering a proposal that would their emergency measures … Read moreGreen Focus for EU Bailout Plan Now Seems More Likely

New SHOWCASE Directory Companies

 

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

Oil Rally Falters With Demand Dread Precipitating Huge Glut

FILE PHOTO: An oil tanker unloads crude oil at a crude oil terminal in Zhoushan, Zhejiang province, China July 4, 2018. Picture taken July 4, 2018. REUTERS/Stringer

By Ann Koh and Alex Longley Mar 26, 2020 (Bloomberg)Oil’s recovery rally went into reverse as broad weakness across physical crude markets compounded mounting evidence of the demand devastation being wrought by the coronavirus. Futures in New York fell 3.2% to below $24 a barrel. Goldman Sachs Group Inc. warned that crude demand would decline … Read moreOil Rally Falters With Demand Dread Precipitating Huge Glut

New SHOWCASE Directory Companies

 

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

U.S. Calling on Saudis to Halt Plan to Unleash Record Oil Supply

By Glen Carey, Javier Blas, Nick Wadhams and Stephen Cunningham Mar 25, 2020, 4:25 PM (Bloomberg)The Trump administration is pressing Saudi Arabia to dial back its plan to flood the oil market after a price war with Russia sent crude prices crashing to their lowest levels in almost two decades. The U.S. wants Saudi Arabia … Read moreU.S. Calling on Saudis to Halt Plan to Unleash Record Oil Supply

New SHOWCASE Directory Companies

 

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

Bill Gates-led Fund Invests in Startup That Built a New Hydropower Turbine

By Akshat Rathi Mar 26, 2020 (Bloomberg)Hydropower—converting moving water into energy—is the single biggest source of clean power in the world, but relies on a 200-year-old technology that hasn’t changed all that much. Natel Energy Inc., a California-based hydro power startup, has developed a new turbine that updates that technology, and now the company is … Read moreBill Gates-led Fund Invests in Startup That Built a New Hydropower Turbine

New SHOWCASE Directory Companies

 

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

PRECISION DRILLING ANNOUNCES RECEIPT OF CONTINUED LISTING STANDARD NOTICE FROM NYSE

March 25, 2020  | Source: Precision Drilling Corporation This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in … Read morePRECISION DRILLING ANNOUNCES RECEIPT OF CONTINUED LISTING STANDARD NOTICE FROM NYSE

New SHOWCASE Directory Companies

 

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

VAALCO ANNOUNCES SOUTH EAST ETAME 4H WELL HAS BEEN SUCCESSFULLY COMPLETED AND PLACED ON PRODUCTION

March 25, 2020  | Source: VAALCO Energy, Inc. HOUSTON, March 25, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today provided an update on the successful completion of its 2019/2020 drilling program as well as an operational update. Highlights Successfully completed the South East Etame 4H development well including … Read moreVAALCO ANNOUNCES SOUTH EAST ETAME 4H WELL HAS BEEN SUCCESSFULLY COMPLETED AND PLACED ON PRODUCTION

New SHOWCASE Directory Companies

 

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

Battalion Announces Fourth Quarter 2019 Results and Provides 2020 Guidance

March 25, 2020 | Source: Battalion Oil Corporation HOUSTON, March 25, 2020 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSEA: BATL, “Battalion” or the “Company”) today reported results of operations for the three months and full year ended December 31, 2019. 2019 and Fourth Quarter Highlights Increased 2019 annual oil production by 6% over 2018 to 10,356 barrels … Read moreBattalion Announces Fourth Quarter 2019 Results and Provides 2020 Guidance

New SHOWCASE Directory Companies

 

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

ENVISION SOLAR DELIVERS MULTIPLE EV ARC™ SOLAR-POWERED EV CHARGING INFRASTRUCTURE PRODUCTS ACROSS THREE STATES THIS WEEK

  March 26, 2020 | Source: Envision Solar International, Inc. Rapidly deployed off-grid EV charging and energy security for municipal fleets,  enterprise workplace and public amenity charging SAN DIEGO, March 26, 2020 (GLOBE NEWSWIRE) — Envision Solar International, Inc., (Nasdaq: EVSI, EVSIW) (“Envision Solar,” or the “Company”), the leading producer of unique and sustainable infrastructure products for electric vehicle charging, … Read moreENVISION SOLAR DELIVERS MULTIPLE EV ARC™ SOLAR-POWERED EV CHARGING INFRASTRUCTURE PRODUCTS ACROSS THREE STATES THIS WEEK

New SHOWCASE Directory Companies

 

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

Global oil storage fills to the brim despite leap in costs

March 25, 2020 Reuters Oil Storage Tanks at Cushing, OK From Canada and the Caribbean to the Baltic and Singapore, oil tanks around the world are filling fast, despite a 50%-100% jump in lease costs, as oil companies and traders scramble to park unwanted crude and refined products.Millions of barrels are struggling to find buyers among … Read moreGlobal oil storage fills to the brim despite leap in costs

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Mar 25, 2020 (Bloomberg) Deal struck on U.S. stimulus, Germany opens the taps and markets add to rally. Here are some of the things people in markets are talking about today. Agreement Republican and Democrat Senators reached a deal with the White House on a stimulus package that is set to unleash more than $2 trillion in … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

10 Ways to Lead in Turbulent Times – Sherri Hilton, MAL, CEC, PCC

by Sherri Hilton Work from home. Physical distancing. Self-isolation. Quarantines. Layoffs. Job losses. Market crashes.  These are just a few of the phrases that have become commonplace over the past ten days.  As a leader these are truly the most difficult of times and now, more than ever, the world needs calm, resilient, and compassionate … Read more10 Ways to Lead in Turbulent Times – Sherri Hilton, MAL, CEC, PCC

New SHOWCASE Directory Companies

 

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

White House, Senators Strike Stimulus Deal: Congress Update

By Josh Wingrove and Laura Litvan Mar 24, 2020, 11:05 PM (Bloomberg) Senators were negotiating the final sticking points in a roughly $2 trillion stimulus bill to help the U.S. economy get through the coronavirus pandemic. Majority Leader Mitch McConnell criticized Democrats for blocking two procedural votes that pushed back the timeline for passing the relief package.Treasury … Read moreWhite House, Senators Strike Stimulus Deal: Congress Update

New SHOWCASE Directory Companies

 

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

As Trump Seeks Pricier Oil, China Saves $250 Million Daily

By Dan Murtaugh, Alfred Cang and Debjit Chakraborty Mar 25, 2020 (Bloomberg) As the U.S. finds itself in the unfamiliar position of lobbying for higher oil prices, China’s enjoying what amounts to a major rebate from crude’s crash just as it tries to recover from the coronavirus.The world’s biggest oil importer is saving about $250 million a … Read moreAs Trump Seeks Pricier Oil, China Saves $250 Million Daily

New SHOWCASE Directory Companies

 

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

Commentary: Fracker Bailout:? Check Out Oil Boss Bonuses First

By Liam Denning Mar 25, 2020 Depending on how you look at it, now is either the best or worst time for oil and gas companies to make their annual proxy filings. On one hand, who’s really paying attention what with everything going on? On the other, what with everything going on, the industry is even less … Read moreCommentary: Fracker Bailout:? Check Out Oil Boss Bonuses First

New SHOWCASE Directory Companies

 

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

Oil Slumps Again as Collapsing Demand Counters Stimulus Efforts

By Alex Longley and Annmarie Hordern Mar 25, 2020 (Bloomberg) Oil turned lower on an unprecedented hit to consumption, even as policy makers committed trillions of dollars to offset the harm from the global pandemic.Futures in London erased earlier gains to trade down 3.3%. The boss of Vitol Group said demand is down about 15 … Read moreOil Slumps Again as Collapsing Demand Counters Stimulus Efforts

New SHOWCASE Directory Companies

 

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

Oil’s 60% Crash Is the Tip of an Iceberg. The Reality Is Worse

By Alex Longley and Javier Blas Mar 25, 2020 (Bloomberg) As oil crashes due to the impact of the coronavirus, it’s easy to overlook an even more dismal reality for producers: the real prices they’re getting for their barrels are worse still. Having collapsed by about 60% this year, Brent and West Texas Intermediate crude have … Read moreOil’s 60% Crash Is the Tip of an Iceberg. The Reality Is Worse

New SHOWCASE Directory Companies

 

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

ENVISION SOLAR WILL PRIORITIZE MANUFACTURING OF SOLAR-POWERED EMERGENCY POWER PRODUCTS FOR COVID-19 HEALTHCARE DISASTER RESPONSE

  Alternative to Generators, The EV ARC™ is Transportable, Deployed in Minutes, Silent and Emissions-Free March 25, 2020 08:00 ET | Source: Envision Solar International, Inc. SAN DIEGO, March 25, 2020 (GLOBE NEWSWIRE) — Envision Solar International, Inc., (Nasdaq: EVSI, EVSIW) (“Envision Solar,” or the “Company”), the leading producer of unique and sustainable infrastructure products for electric vehicle charging, … Read moreENVISION SOLAR WILL PRIORITIZE MANUFACTURING OF SOLAR-POWERED EMERGENCY POWER PRODUCTS FOR COVID-19 HEALTHCARE DISASTER RESPONSE

New SHOWCASE Directory Companies

 

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

Key Energy Services Announces Permanent President and Chief Executive Officer

March 25, 2020  | Source: Key Energy Services, Inc. HOUSTON, March 25, 2020 (GLOBE NEWSWIRE) — Key Energy Services, Inc. (“Key” or the “Company”) announced today has named Mr. J. Marshall Dodson as the Company’s President and Chief Executive Officer.  Mr. Dodson began serving in the capacity as the Company’s Interim Chief Executive Officer in December 2019, … Read moreKey Energy Services Announces Permanent President and Chief Executive Officer

New SHOWCASE Directory Companies

 

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

COVID-19 – Maintenance during Reduced Operations or Shutdown

Azzier Feature Logo 400x270

These are certainly interesting times we find ourselves in. A global pandemic has now seeped through the porous borders of North America. In many places, employees are already working from home offices. Here in North America we are fortunate to have some of the most advanced infrastructure to support a remote workforce. However, most blue-collar … Read moreCOVID-19 – Maintenance during Reduced Operations or Shutdown

New SHOWCASE Directory Companies

 

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

Cheapest Gasoline Since 1999 Has America’s Refiners Throttling Back

By Jessica Summers and Barbara Powell Mar 24, 2020 Oil refiners across the U.S. are being forced to throttle back operations amid a historic plunge in gasoline demand and prices. Plants representing more than 10% of U.S. fuel-making capacity have cut back. Exxon Mobil Corp. has slowed rates at facilities in Texas and Louisiana, while … Read moreCheapest Gasoline Since 1999 Has America’s Refiners Throttling Back

New SHOWCASE Directory Companies

 

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

U.S. Solar Workforce Could Be Halved By Virus, Group Says

Solar Panels

By Brian Eckhouse  Mar 23, 2020 (Bloomberg) The leading U.S. solar-trade group warns fallout from the coronavirus could slash the industry’s workforce in half. The Solar Energy Industries Association made the projection Monday as part of a campaign to convince Congress to make the federal tax credit for the sector refundable or payable directly to businesses … Read moreU.S. Solar Workforce Could Be Halved By Virus, Group Says

New SHOWCASE Directory Companies

 

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

Chevron Halts Share Buybacks, Slashes Permian on Oil Rout

(Bloomberg) Chevron Corp. became the latest major oil company to take an ax to its budget after halting its $5 billion-a-year share buyback and halving spending in the Permian Basin, which means a large decrease in projected output from America’s biggest shale region. The California-based oil giant said Tuesday it’s lowering projected 2020 capital spending by … Read moreChevron Halts Share Buybacks, Slashes Permian on Oil Rout

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Mar 24, 2020 (Bloomberg) Pelosi pushes $2.5 trillion bill, it’s PMI day, and markets rally. Here are some of the things people in markets are talking about today. Stimulus House Speaker Nancy Pelosi unveiled a $2.5 trillion spending bill as she attempts to take control of negotiations over the second stimulus package debate after the … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

U.S. to Let Nuclear Plants Defer Repairs, Schedule Longer Shifts

By Will Wade  Mar 24, 2020 (Bloomberg) U.S. regulators are willing to let nuclear power plants defer some maintenance and inspections as the coronavirus threatens availability of workers. The Nuclear Regulatory Commission expects to issue guidelines on Friday for operators to request permission for employees to work longer than allowed under current regulations. The agency expects … Read moreU.S. to Let Nuclear Plants Defer Repairs, Schedule Longer Shifts

New SHOWCASE Directory Companies

 

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

Oil Finds Firmer Ground After Fed Unleashes Support Measures

Texas Oil Pump

By Ann Koh and Alex Longley Mar 24, 2020 (Bloomberg) Oil rallied with other risky assets after the U.S. Federal Reserve unveiled a sweeping set of measures to support the world’s largest economy. Futures in London rose for a second session by as much as 6%, to almost $29 a barrel, as the U.S. central bank said it would buy unlimited … Read moreOil Finds Firmer Ground After Fed Unleashes Support Measures

New SHOWCASE Directory Companies

 

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

Gasoline Futures Plummet to 20-Year Low On Flatlining Demand

gas pumps

By Mike Jeffers and Jackie Davalos Mar 23, 2020 (Bloomberg) U.S. gasoline futures settled at the lowest in more than two decades as the coronavirus pandemic crushed demand and forced local governments across the country to issue shelter-in-place orders. Nymex futures prices fell 32% on Monday. The price fallout has also forced widespread production cuts at … Read moreGasoline Futures Plummet to 20-Year Low On Flatlining Demand

New SHOWCASE Directory Companies

 

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

As OPEC Pursues Oil Supply War, Here’s Who Has Most Firepower

By Anthony DiPaola, Verity Ratcliffe and Mahmoud Habboush Mar 23, 2020 (Bloomberg)With the shackles of OPEC’s output limits thrown off and a price war under way, the group’s biggest oil producers are preparing to churn out more barrels to protect market share. But making up in volume for what they’re losing in price is looking … Read moreAs OPEC Pursues Oil Supply War, Here’s Who Has Most Firepower

New SHOWCASE Directory Companies

 

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

PRECISION DRILLING ANNOUNCES COVID-19 RESPONSE, REDUCTIONS IN CAPITAL EXPENDITURE PLAN AND FIXED COSTS, AND UPDATES ITS LIQUIDITY POSITION AND STRATEGIC PRIORITIES

March 24, 2020  | Source: Precision Drilling Corporation This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For important information with respect to such forward-looking information and statements and the further assumptions and risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in … Read morePRECISION DRILLING ANNOUNCES COVID-19 RESPONSE, REDUCTIONS IN CAPITAL EXPENDITURE PLAN AND FIXED COSTS, AND UPDATES ITS LIQUIDITY POSITION AND STRATEGIC PRIORITIES

New SHOWCASE Directory Companies

 

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

Laredo Petroleum Announces 2020 Capital Budget Reduction of 36% and Provides Operational and Hedging Updates

March 23, 2020  | Source: Laredo Petroleum, Inc. TULSA, OK, March 23, 2020 (GLOBE NEWSWIRE) — Laredo Petroleum, Inc. (NYSE: LPI) (“Laredo” or “the Company”), today provided an update to the Company’s 2020 capital budget and operating plan. Prioritizing Free Cash Flow1, returns and balance sheet strength in a volatile commodity price environment, the Company has … Read moreLaredo Petroleum Announces 2020 Capital Budget Reduction of 36% and Provides Operational and Hedging Updates

New SHOWCASE Directory Companies

 

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

Apergy Provides Business Update

March 23, 2020 | Source: Apergy Corporation Implementing immediate downturn contingency plans expected to result in approximately $65 million of annual cost savings to preserve margins and cash flow Capital expenditures in 2020 to be reduced by approximately 65% from 2019 Available liquidity of over $270 million Continuing to monitor market developments and prepared to take additional actions … Read moreApergy Provides Business Update

New SHOWCASE Directory Companies

 

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

Trying to Find a Solution: U.S. to Send Coates as Special Energy Envoy to Saudi Arabia

White House

March 23, 2020 Reuters The Trump administration will appoint Victoria Coates as a special energy representative to Saudi Arabia as Washington struggles to deal with a global oil price crash that drags on the economy and threatens U.S. energy producers, an Energy Department official said. Coates, who was one of President Donald Trump’s longest serving security … Read moreTrying to Find a Solution: U.S. to Send Coates as Special Energy Envoy to Saudi Arabia

New SHOWCASE Directory Companies

 

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

U.S. physical crude markets signal heavy oversupply

March 23, 2020 Reuters Oil storage tanks near Cushing, OK U.S. physical crude markets in Cushing, Oklahoma, on Monday signaled a prolonged period of oversupply, with prices to roll positions forward to the next month sinking to the weakest in nearly a decade.Tanks in Cushing, one of the biggest storage hubs in the world, are … Read moreU.S. physical crude markets signal heavy oversupply

New SHOWCASE Directory Companies

 

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

In oil market standoff with Saudi Arabia, weakened rouble helps Russia

Saudi-Deputy-Crown-Prince-Mohammed-bin-Salman_Vladimir-Putin-Russia

March 23, 2020 Reuters Russian President Vladimir Putin with Saudi Arabia King Salman bin Abdulaziz al-Saud In Russia’s battle for oil market share with Saudi Arabia, a sharp fall in the rouble has handed the Russians one advantage – they can now produce cheaper than the Saudis, according to Reuters calculations.The Russian currency has lost nearly … Read moreIn oil market standoff with Saudi Arabia, weakened rouble helps Russia

New SHOWCASE Directory Companies

 

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

Fleeting OPEC-Shale Détente Exposes Wildcat Roots of U.S. Oil

By Joe Carroll Rachel Adams-Heard Kevin Crowley Texas regulators, drillers split over wisdom of imposing caps Proponent of limits in Texas fields says industry’s at risk Prospects of a rare détente between OPEC and the biggest U.S. oil state faded as quickly as they rose as Texas regulators and explorers clashed over a proposal to … Read moreFleeting OPEC-Shale Détente Exposes Wildcat Roots of U.S. Oil

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Mar 23, 2020 (Bloomberg) Congress fails to agree on stimulus, virus measures tighten further, and markets drop. Here are some of the things people in markets are talking about today. No agreement yet While lawmakers in Washington are almost universally united on the need to introduce a very large stimulus bill to fight the economic fallout … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Oil Falls to Near 2003 Levels as Demand Plunges, OPEC Hopes Fade

By Ann Koh, James Thornhill and Grant Smith  Mar 23, 2020 (Bloomberg) Oil dropped toward the lowest level since 2003 as demand plunged as governments froze economic activity to combat the coronavirus, and prospects for a OPEC-Texas production deal faded.Futures in London fell 5.6% to near $25 a barrel as some traders estimate crude demand will collapse by … Read moreOil Falls to Near 2003 Levels as Demand Plunges, OPEC Hopes Fade

New SHOWCASE Directory Companies

 

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

Russian Energy Minister Novak Said to Meet Oil CEOs Monday

By Dina Khrennikova  Mar 22, 2020 (Bloomberg) Russia’s Energy Minister Alexander Novak will meet executives from the nation’s key oil companies Monday as global crude prices hover at their lowest in nearly two decades, according to a person familiar with the schedule. The ministry plans to hold the meeting face to face rather than via a … Read moreRussian Energy Minister Novak Said to Meet Oil CEOs Monday

New SHOWCASE Directory Companies

 

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

Coronavirus Is Pushing Door-to-Door Solar Salesmen Online

By Brian Eckhouse Mar 23, 2020 (Bloomberg) The novel coronavirus pandemic is testing the residential-solar sector, which had forecast strong growth this year but hasn’t faced a recession since it reached the American mainstream. Its key challenges are similar to those facing many other industries: how to close sales, complete installations, and convince homeowners to add solar … Read moreCoronavirus Is Pushing Door-to-Door Solar Salesmen Online

New SHOWCASE Directory Companies

 

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

Beyond Virus Count, Some Signs to Watch for a Market Rebound

By Joanna Ossinger Mar 23, 2020 (Bloomberg) As the week begins with another tumble in U.S. equity futures, market participants are increasingly veering away from any attempt to predict a bottom, while ramping up analysis of what might presage one. “There seems little natural support for stocks,” Amir Anvarzadeh, a three-decade stock-market veteran who’s a strategist … Read moreBeyond Virus Count, Some Signs to Watch for a Market Rebound

New SHOWCASE Directory Companies

 

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

Shell acts to reinforce business resilience and financial strength

Yellow Shell Oil Barrels

March 23, 2020  | Source: Royal Dutch Shell The Hague, March 23, 2020 – As the COVID-19 virus spreads across the world – seriously impacting people’s health, our way of life and global markets – Shell is putting the safety and health of our people and customers first, along with the safe operations of all our businesses. … Read moreShell acts to reinforce business resilience and financial strength

New SHOWCASE Directory Companies

 

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

FRANK’S INTERNATIONAL ANNOUNCES BUSINESS UPDATE

March 23, 2020 08:00 ET | Source: Frank’s International N.V. HOUSTON, March 23, 2020 (GLOBE NEWSWIRE) — Frank’s International N.V. (NYSE: FI) (the “Company” or “Frank’s”) today provided the following update in response to current and potential business disruptions resulting from the spread of COVID-19 as well as recent changes in the oil and gas supply and demand … Read moreFRANK’S INTERNATIONAL ANNOUNCES BUSINESS UPDATE

New SHOWCASE Directory Companies

 

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

DCP MIDSTREAM ANNOUNCES DISTRIBUTION, CAPITAL, AND COST REDUCTIONS

March 23, 2020 | Source: DCP Midstream LP DENVER, March 23, 2020 (GLOBE NEWSWIRE) — Today, in response to extraordinary and volatile market conditions, DCP Midstream, LP (NYSE: DCP) announced the following decisive actions. First, the board of directors of its general partner approved a plan to reduce quarterly distributions to its common unitholders to $0.39 per … Read moreDCP MIDSTREAM ANNOUNCES DISTRIBUTION, CAPITAL, AND COST REDUCTIONS

New SHOWCASE Directory Companies

 

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

Exxon notifies contractors, vendors of spending cuts over coronavirus

March 22, 2020 Reuters  Exxon Mobil Corp is notifying contractors and vendors of planned near-term cuts in capital and operating expenses over a coronavirus pandemic, and will announce the plans once they are final, company spokesman Jeremy Eikenberry said on Sunday.”Based on this unprecedented environment, we are evaluating all appropriate steps to significantly reduce capital and … Read moreExxon notifies contractors, vendors of spending cuts over coronavirus

New SHOWCASE Directory Companies

 

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

Stop the Finger Pointing: To Stop the Oil Price War, Trump Must Step in to Strike a Deal: Julian Lee

By Julian Lee Mar 22, 2020 (Bloomberg Opinion)  Don’t expect Russia or Saudi Arabia to bail out shale again. Balancing the oil demand destruction resulting from the global spread of the Covid-19 virus requires action from all producers, and the leaders to make it happen. The forecasts for oil demand are grim. Analysts from Goldman … Read moreStop the Finger Pointing: To Stop the Oil Price War, Trump Must Step in to Strike a Deal: Julian Lee

New SHOWCASE Directory Companies

 

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

The Decline and Fall of the Gulf’s Oil Empire Is Looming: David Fickling

By David Fickling Mar 21, 2020 For much of the world, oil wealth is a curse. Endowed with ample reserves of hydrocarbons, the likes of Nigeria, Angola, Kazakhstan, Mexico and Venezuela frittered the benefits away. Only in the Persian Gulf has oil been a nation-building blessing. The discoveries of petroleum in the mid-20th century turned an … Read moreThe Decline and Fall of the Gulf’s Oil Empire Is Looming: David Fickling

New SHOWCASE Directory Companies

 

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

Enservco Reports 2019 Fourth Quarter and Full Year Financial Results

March 20, 2020  | Source: Enservco Full Year Results – 2019 vs. 2018 Total revenue increased slightly to $43.0 million from $42.8 million Production services revenue increased to $14.7 million from $14.5 million Completion services revenue increased to $28.3 million from $28.2 million Net loss increased to $7.7 million from $5.9 million Adjusted EBITDA declined to … Read moreEnservco Reports 2019 Fourth Quarter and Full Year Financial Results

New SHOWCASE Directory Companies

 

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

Tens of Thousands Are Getting Laid Off in U.S. Shale Patch

By David Wethe  Mar 20, 2020 (Bloomberg) One of the most painful busts in the history of crude oil happened just six years ago when a sharp price drop cost 200,000 roughnecks, almost half the entire workforce, their jobs.And now, the spread of the coronavirus coupled with an oil-price war between Russia and Saudi Arabia threatens … Read moreTens of Thousands Are Getting Laid Off in U.S. Shale Patch

New SHOWCASE Directory Companies

 

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

U.S. drillers this week cut most oil rigs since April -Baker Hughes

March 20, 2020 Reuters U.S. energy firms cut the most oil rigs in a week in almost a year as a meltdown in oil and natural gas prices due to the coronavirus outbreak has forced producers to deepen cuts in spending on new drilling.Drillers cut 19 oil rigs in the week to March 20, bringing the … Read moreU.S. drillers this week cut most oil rigs since April -Baker Hughes

New SHOWCASE Directory Companies

 

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

Oil Suffers Biggest Weekly Loss Since 1991 With Demand in Focus

By Jackie Davalos Mar 20, 2020 (Bloomberg) Oil capped its biggest weekly decline in almost three decades as concern that the collapse of global fuel demand will deepen outweighed talks between OPEC and Texas’s energy regulator.Futures in New York tumbled 11% Friday, bringing the week’s plunge to 29%, the biggest since January 1991. Some traders … Read moreOil Suffers Biggest Weekly Loss Since 1991 With Demand in Focus

New SHOWCASE Directory Companies

 

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

Why the OPEC-Russia Blowup Sparked All-Out Oil Price War

Saudi-Deputy-Crown-Prince-Mohammed-bin-Salman_Vladimir-Putin-Russia

By Will Kennedy March 20, 2020 First Russia tossed a hand grenade into global oil markets. Then Saudi Arabia dropped a bomb. After the dramatic collapse of an alliance between the OPEC oil cartel and Russia, a plunge in the price of oil to an 18-year low sent shockwaves through financial markets already reeling from the fallout of the coronavirus pandemic. … Read moreWhy the OPEC-Russia Blowup Sparked All-Out Oil Price War

New SHOWCASE Directory Companies

 

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

Oil Demand Catastrophe Is Making the Price War a Sideshow

By Javier Blas  Mar 21, 2020 (Bloomberg) Imagine U.S. President Donald Trump makes a deal with Saudi Arabia and Russia to cut oil production. Envisage Washington, Moscow and Riyadh going big, each cutting by one million barrels a day. Bullish, right? Now come back to the reality of today’s oil market, where demand is collapsing — … Read moreOil Demand Catastrophe Is Making the Price War a Sideshow

New SHOWCASE Directory Companies

 

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

OPEC-Shale Peace Prospects Crumble Hours After Historic Call

Mar 21, 2020 (Bloomberg)  Prospects of a rare détente between OPEC and the biggest U.S. oil state faded as quickly as they rose as Texas regulators and explorers clashed over a proposal to cap crude output for the first time in almost 50 years. Just hours after one of the most powerful officials in Texas … Read moreOPEC-Shale Peace Prospects Crumble Hours After Historic Call

New SHOWCASE Directory Companies

 

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

Trump’s Big Oil Buy Could Benefit Hundreds of Shale Drillers

By Stephen Cunningham and Lucia Kassai Mar 20, 2020 (Bloomberg)The Trump administration’s plan to aid struggling American shale drillers involves buying as much as $3 billion worth of oil from domestic producers who employ 5,000 people or less.About 300 publicly traded U.S. explorers meet the criteria, including Continental Resources Inc., the shale company owned by … Read moreTrump’s Big Oil Buy Could Benefit Hundreds of Shale Drillers

New SHOWCASE Directory Companies

 

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

U.S. to send senior official to Saudi Arabia for months to help stabilize oil markets

March 20, 2020  Reuters The United States believes Saudi Arabia’s flooding of oil markets compounds the coronavirus-caused global economic crash and intends to send a senior official to Riyadh for months to boost efforts to stabilize energy markets, senior U.S. officials said on Friday.The Energy Department official will work closely with U.S State Department officials … Read moreU.S. to send senior official to Saudi Arabia for months to help stabilize oil markets

New SHOWCASE Directory Companies

 

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

OPEC supply curbs, U.S. measures could support oil prices near term -Goldman

March 20, 2020 Reuters Supply restraint by core-OPEC producers could push second-quarter Brent oil prices up to $30 a barrel, while U.S. measures to support the market could underpin prices in the near term, Goldman Sachs said in a research note.Citing Wall Street Journal reports that the United States was considering intervening in the ongoing Saudi-Russian … Read moreOPEC supply curbs, U.S. measures could support oil prices near term -Goldman

New SHOWCASE Directory Companies

 

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

OPEC supply curbs, U.S. measures could support oil prices near term -Goldman

March 20, 2020 Reuters  Supply restraint by core-OPEC producers could push second-quarter Brent oil prices up to $30 a barrel, while U.S. measures to support the market could underpin prices in the near term, Goldman Sachs said in a research note.Citing Wall Street Journal reports that the United States was considering intervening in the ongoing Saudi-Russian … Read moreOPEC supply curbs, U.S. measures could support oil prices near term -Goldman

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Mar 20, 2020 (Bloomberg) Markets bounce, virus measures tighten, and Mnuchin asks Congress to hurry. Here are some of the things people in markets are talking about today. A little risk on After yesterday’s relatively calm day in U.S. markets — by recent standards anyway — global markets are moving higher today. Benchmark indexes in South Korea and Taiwan jumped more … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Prepare Now for the Long War Against Covid-19: Richard Danzig

By Richard Danzig and Marc Lipsitch Mar 20, 2020 Our current efforts to fight Covid-19 are the equivalent of fending off a surprise attack. Next we have to wage a sustained war. That means it’s essential to clearly envision the problems we’ll face over the next 12 to 18 months and mobilize to respond right … Read morePrepare Now for the Long War Against Covid-19: Richard Danzig

New SHOWCASE Directory Companies

 

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

Oil Extends Gains as Texas Supports Trump-Led Output Proposal

By Sharon Cho and Alex Longley Mar 20, 2020 (Bloomberg) Oil rallied for a second session as President Donald Trump waded into the price war between Saudi Arabia and Russia, while a Texas regulator proposed his state could coordinate output cuts with the feuding producers. Futures in London topped $30 a barrel, continuing a rebound from … Read moreOil Extends Gains as Texas Supports Trump-Led Output Proposal

New SHOWCASE Directory Companies

 

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

Putin Won’t Bow to What’s Seen as Saudi Oil-Price Blackmail

Saudi-Deputy-Crown-Prince-Mohammed-bin-Salman_Vladimir-Putin-Russia

By Ilya Arkhipov, Evgenia Pismennaya, Dina Khrennikova and Olga Tanas Mar 20, 2020 (Bloomberg)Russian President Vladimir Putin will refuse to submit to what the Kremlin sees as oil blackmail from Saudi Arabia, signaling the price war that’s roiling global energy markets will continue.The unprecedented clash between the two giant exporters — and former OPEC+ allies … Read morePutin Won’t Bow to What’s Seen as Saudi Oil-Price Blackmail

New SHOWCASE Directory Companies

 

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

The U.S. Must Protect Free Markets in the Oil Price War: Ryan Sitton

By Ryan Sitton Mar 20, 2020 (Bloomberg Opinion) Uncertain times are upon us. Our jobs and way of life are being affected by the coronavirus pandemic and by the measures being taken to halt its spread. While these measures are necessary, they are also suppressing demand for goods and services, crippling key parts of our economy. … Read moreThe U.S. Must Protect Free Markets in the Oil Price War: Ryan Sitton

New SHOWCASE Directory Companies

 

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

Texas Regulator Considers Oil Output Cuts for First Time in Decades

By Rachel Adams-Heard, Kevin Crowley and Javier Blas  Mar 20, 2020 (Bloomberg) Texas’s main oil regulator is weighing for the first time in nearly half a century whether the state should curb crude production, a move that would have an enormous economic and political impact. The idea, still in preliminary discussions among the staff at the Texas … Read moreTexas Regulator Considers Oil Output Cuts for First Time in Decades

New SHOWCASE Directory Companies

 

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

Oil Crash Wipes Out at Least $31 Billion Worldwide From Industry’s Investment Plans – See The Summary Here

By Sayer Devlin Mar 19, 2020 (Bloomberg) The global oil and gas industry has slashed at least $31 billion from investment budgets after crude’s epic price crash this month, and more cuts are likely to come.Producers are quickly switching gears to survive a flood of oil coming into the market as Saudi Arabia and Russia open … Read moreOil Crash Wipes Out at Least $31 Billion Worldwide From Industry’s Investment Plans – See The Summary Here

New SHOWCASE Directory Companies

 

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

U.S. Well Services, Inc. Announces Workforce Reduction and Cost-Cutting Initiatives

March 20, 2020 06:00 ET | Source: U.S. Well Services, Inc. HOUSTON, March 20, 2020 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (Nasdaq: USWS) today announces immediate actions in response to the recent sharp decline in oil prices and challenging industry outlook that is driving extraordinary reductions in customer activity.  The Company is taking a number of … Read moreU.S. Well Services, Inc. Announces Workforce Reduction and Cost-Cutting Initiatives

New SHOWCASE Directory Companies

 

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

20 Tips for Working From Home – Being COVID-19 Proactive

The outbreak of the coronavirus has more people working from home. If you’re new to working remotely, these tips from a home-office pro can help you stay productive and maintain balance. By Jill Duffy PC World Original Article The global spread of COVID-19, the novel coronavirus, is keeping people at home. Major conferences and tradeshows have … Read more20 Tips for Working From Home – Being COVID-19 Proactive

New SHOWCASE Directory Companies

 

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

More North American producers trim budgets to cushion oil price crash

March 19, 2020 Reuters Continental Resources Inc and Diamondback Energy on Thursday unveiled drastic cuts to their annual budgets as oil and gas producers look to run a tight ship following the recent plunge in oil prices.North American shale producers have cut planned expenditures between 25% and 55% on average, as crude prices have plummeted to … Read moreMore North American producers trim budgets to cushion oil price crash

New SHOWCASE Directory Companies

 

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

Rosehill Resources Inc. Halts 2020 Capital Activity, Withdraws Previous Guidance and Focuses on Cash Flow and Liquidity

March 19, 2020  | Source: Rosehill Resources Inc. HOUSTON, March 19, 2020 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) today provided an operational and financial update and withdrew its previously issued 2020 guidance in light of deteriorating global markets and commodity prices. Capital Activity and Guidance The Company has … Read moreRosehill Resources Inc. Halts 2020 Capital Activity, Withdraws Previous Guidance and Focuses on Cash Flow and Liquidity

New SHOWCASE Directory Companies

 

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

Centennial Resource Development Provides Update to 2020 Capital Program

March 19, 2020  | Source: Centennial Resource Development DENVER, March 19, 2020 (GLOBE NEWSWIRE) — As a result of the recent decline in crude oil prices and ongoing uncertainty regarding the oil supply-demand macro environment, Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that it has reduced its operated rig program from … Read moreCentennial Resource Development Provides Update to 2020 Capital Program

New SHOWCASE Directory Companies

 

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

Dril-Quip, Inc. Discusses Operational Outlook

March 18, 2020 | Source: Dril-Quip, Inc. HOUSTON, March 18, 2020 (GLOBE NEWSWIRE) — Dril-Quip Inc. (NYSE: DRQ), (the “Company” or “Dril-Quip”) said today that it was withdrawing its first quarter 2020 guidance provided in its year-end 2019 earnings release and conference call in late February.  This is in response to the current market uncertainty caused by COVID-19 … Read moreDril-Quip, Inc. Discusses Operational Outlook

New SHOWCASE Directory Companies

 

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

First West Coast LNG Export Terminal Cleared by U.S. Regulator

By Stephen Cunningham Mar 19, 2020 (Bloomberg) The $10 billion Jordan Cove project, which would be the first liquefied natural gas export terminal on the U.S. West Coast in the lower 48 states, was approved by federal regulators even as it faces intense local opposition.The Federal Energy Regulatory Commission cleared Pembina Pipeline Corp.’s plan to construct a terminal … Read moreFirst West Coast LNG Export Terminal Cleared by U.S. Regulator

New SHOWCASE Directory Companies

 

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

Oil surges a record 24% after Trump says he’ll get involved in the global price war at an ‘appropriate time’

By Ari Natter and Stephen Cunningham US Oil prices jumped as much as 24% Thursday, the most ever, after President Donald Trump said that he’d get involved in the global price war at an appropriate time.  US West Texas Intermediate Crude gained 24% to $25.28 per barrel, while Brent crude gained nearly 14% to $28.26 per barrel.  “We are … Read moreOil surges a record 24% after Trump says he’ll get involved in the global price war at an ‘appropriate time’

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Mar 19, 2020 (Bloomberg) The ECB goes big, Congress works on second stimulus bill, and a first look at the damage to the U.S. economy. Here are some of the things people in markets are talking about today. No limits After an emergency meeting last night, the European Central Bank announced a €750 billion … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Congress, White House in Race at ‘Warp Speed’ for Huge Stimulus

By Steven T. Dennis, Billy House and Laura Litvan  Mar 19, 2020 (Bloomberg)Congressional leaders and the White House are racing to draft an economic rescue plan that could exceed the size and scope of the emergency measures taken during the 2008 financial crisis. Soaring layoffs, plunging markets and shuttered schools, shops and factories caused by the … Read moreCongress, White House in Race at ‘Warp Speed’ for Huge Stimulus

New SHOWCASE Directory Companies

 

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

Saudi Aramco Will Find It Increasingly Hard to Serve Two Masters: Ellen R. Wald

Ellen R. Wald Mar 19, 2020 (Bloomberg Opinion)Saudi Aramco released its first earnings report as a public company this week, and the oil giant’s management discussed the results with analysts on a call Monday. By itself, Aramco’s 2019 financial performance wasn’t as strong as 2018, but not overly disappointing. However, these numbers show that Aramco — or more … Read moreSaudi Aramco Will Find It Increasingly Hard to Serve Two Masters: Ellen R. Wald

New SHOWCASE Directory Companies

 

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

In the Post-Coronavirus World, We’ll All Be More Carbon-Aware

By Nathaniel Bullard Mar 19, 2020 (Bloomberg)Another week and another wave of cities, regions, and entire countries shifting their work, commuting, shopping, and dining habits inward. It’s a shock, really, and I’m left wondering how much of our old ways of working, transacting, and enjoying are changed forever—and how we can and will account for … Read moreIn the Post-Coronavirus World, We’ll All Be More Carbon-Aware

New SHOWCASE Directory Companies

 

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

With Oil at Record Low, Canada Is First Price-War Casualty

By Kevin Orland and Robert Tuttle  Mar 18, 2020 (Bloomberg)  In the oil price war between Saudi Arabia and Russia, the first big victim is likely to be Canada. Hit by unfettered supply from the world’s top two crude exporters and reduced demand from the coronavirus, the benchmark blend of crude produced from Canada’s oil … Read moreWith Oil at Record Low, Canada Is First Price-War Casualty

New SHOWCASE Directory Companies

 

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

Oil Rollercoaster Has Crude Rebounding After Drop to 18-Year Low

By Sharon Cho and Alex Longley Mar 19, 2020 (Bloomberg) Oil rebounded after plunging to the lowest level in 18 years as policy makers across the globe try to strengthen economies against the impact of the coronavirus pandemic.Futures rose as much as 18% in New York, the most since December 2008, following a 24% rout in … Read moreOil Rollercoaster Has Crude Rebounding After Drop to 18-Year Low

New SHOWCASE Directory Companies

 

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

Targa Resources Announces Dividend Reduction, Decrease in 2020 Capital Spending, Provides Initial 2021 Capital Spending Expectations and Provides Insight on Response to Current Market Conditions

Targa Resources

March 18, 2020  | Source: Targa Resources Corp. HOUSTON, March 18, 2020 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE: TRGP) (“Targa” or the “Company”) announced today that its Board of Directors approved a reduction in the Company’s quarterly common dividend to $0.10 per share for the quarter ended March 31, 2020 from $0.91 per share in … Read moreTarga Resources Announces Dividend Reduction, Decrease in 2020 Capital Spending, Provides Initial 2021 Capital Spending Expectations and Provides Insight on Response to Current Market Conditions

New SHOWCASE Directory Companies

 

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

Amplify Energy Announces 37% Reduction of 2020 Capital Expenditure Budget, MTM Hedge Asset Value of $130 million and Expected Federal Royalty Relief at its Beta Field

March 19, 2020| Source: Amplify Energy Corp. HOUSTON, March 19, 2020 (GLOBE NEWSWIRE) — Amplify Energy Corp. (NYSE: AMPY) (“Amplify” or the “Company”) announced today that it has lowered its 2020 capital expenditure budget by approximately $17 million or 37% in response to the recent severe decline in commodity prices and overall downturn in the market … Read moreAmplify Energy Announces 37% Reduction of 2020 Capital Expenditure Budget, MTM Hedge Asset Value of $130 million and Expected Federal Royalty Relief at its Beta Field

New SHOWCASE Directory Companies

 

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

HighPoint Resources Provides Update on Development Program

March 19, 2020  | Source: HighPoint Resources Corporation DENVER, March 19, 2020 (GLOBE NEWSWIRE) — HighPoint Resources Corporation (“we”, “us”, or the “Company”) (NYSE: HPR) announced today an update to its 2020 development program, liquidity and hedges. Today’s update takes into account the recent significant decrease in crude oil prices, and includes the following: All drilling … Read moreHighPoint Resources Provides Update on Development Program

New SHOWCASE Directory Companies

 

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

Diamondback Provides Supplemental Operational Update

March 19, 2020 | Source: Diamondback Energy, Inc. MIDLAND, Texas, March 19, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today provided an update to the operational press release it issued on March 9, 2020, as well as an update to the Company’s 2020 and 2021 oil hedge positions. Following last week’s release, … Read moreDiamondback Provides Supplemental Operational Update

New SHOWCASE Directory Companies

 

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

RATTLER MIDSTREAM LP, A SUBSIDIARY OF DIAMONDBACK ENERGY, INC., PROVIDES UPDATE

March 19, 2020 06:01 ET | Source: Rattler Midstream LP MIDLAND, Texas, March 19, 2020 (GLOBE NEWSWIRE) — Rattler Midstream LP (NASDAQ: RTLR) (“Rattler” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”), today provided the following update. Given recent commodity price volatility, Rattler’s 2020 Guidance given on February 18, 2020 is being withdrawn, … Read moreRATTLER MIDSTREAM LP, A SUBSIDIARY OF DIAMONDBACK ENERGY, INC., PROVIDES UPDATE

New SHOWCASE Directory Companies

 

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

WEBINAR: Power of Data Visualization with Virtualization! FREE SpotFire Group March 25 – Details & Register HERE

http://bit.ly/Cadeon-TIBCO-SpotFire-Group-March23

  We’re excited to announce that Cadeon and Tibco’s SpotFire User Group is approaching! The User Group will feature important updates from Cadeon and TIBCO, and a special customer spotlight, who will share his secrets of taking full advantage of Spotfire’s GIS and data visualization capabilities and applying data science and statistics to answer real-world … Read moreWEBINAR: Power of Data Visualization with Virtualization! FREE SpotFire Group March 25 – Details & Register HERE

New SHOWCASE Directory Companies

 

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

Big Oil’s Big Crisis: Saving Sacred Dividends From Collapse

By Laura Hurst and  Kevin Crowley March 18, 2020 Yields of 10%-plus suggest concern the payouts may not be safe Oil is too low for most majors to cover spending and dividends To understand the crisis engulfing the world’s largest oil companies, just look at their dividend yields. Exxon Mobil Corp., for decades considered one … Read moreBig Oil’s Big Crisis: Saving Sacred Dividends From Collapse

New SHOWCASE Directory Companies

 

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

Halliburton Furloughs 3,500 Workers at Texas Headquarters

By David Wethe and Lynn Doan  Mar 18, 2020 (Bloomberg) Halliburton Co., the world’s biggest provider of fracking services, will furlough about 3,500 workers at its Houston headquarters as crude prices plunged to an 18-year low.The mandatory time-off will last as long as 60 days, Halliburton said in an emailed statement. Employees will work one-week-on, one-week-off … Read moreHalliburton Furloughs 3,500 Workers at Texas Headquarters

New SHOWCASE Directory Companies

 

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

TECHNOLOGY YOU NEED: Check out Rig CallOut For Cost Control

Rig CallOut Feature Logo 400x270

The current oil market has everyone looking at cost control. Rig CallOut will help you eliminate ancillary costs! Visibility to all your oilfield deliveries – no matter who is supplying, shipping or receiving. Even in Canada! It’s not about what Rig CallOut’s technology can do – it’s about what YOU can do with the technology. … Read moreTECHNOLOGY YOU NEED: Check out Rig CallOut For Cost Control

New SHOWCASE Directory Companies

 

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

WORLD VIRUS UPDATE: Trump Invokes Defense Act; Europe Passes China & More

By Bloomberg News Mar 18, 2020 (Bloomberg) President Donald Trump invoked the Defense Production Act, allowing the government to boost manufacturing of masks and protective equipment. Europe surpassed China in the number of coronavirus infections.The president also ordered a Navy hospital ship with 1,000 beds to head to New York Harbor. New York Governor Andrew Cuomo … Read moreWORLD VIRUS UPDATE: Trump Invokes Defense Act; Europe Passes China & More

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Mar 18, 2020 (Bloomberg) Futures hit down limit, huge moves in bonds, and oil drops to lowest since 2003. Here are some of the things people in markets are talking about today. Another volatile session The breakneck moves in markets continue, with S&P 500 futures hitting their lower trading limit overnight, as the … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Wall Street’s New Virtual Workplace May Outlast the Virus

By Cathy Chan and Katia Porzecanski Mar 18, 2020 In Hong Kong, bankers have learned to win stock offerings by video chat, and Morgan Stanley is hosting a virtual meeting for a thousand-plus attendees. At Swiss giant UBS Group AG, wealth management executives have realized trips to see clients weren’t as crucial as thought. In California, an … Read moreWall Street’s New Virtual Workplace May Outlast the Virus

New SHOWCASE Directory Companies

 

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

Oil Slumps Near 18-Year Low as Saudi Arabia Ramps Up Price War

By Saket Sundria, Alex Longley and Javier Blas  Mar 18, 2020 (Bloomberg) Oil prices plunged below $25 a barrel for the first time in almost 18 years after Saudi Arabia made another shock-and-awe attack in its price war with Russia, vowing to keep production at a record high “over the coming months.”Futures in New York fell … Read moreOil Slumps Near 18-Year Low as Saudi Arabia Ramps Up Price War

New SHOWCASE Directory Companies

 

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

U.S. DISTRICT COURT RULES IN FAVOR OF REPEAT PRECISION AND NCS MULTISTAGE WITH $34.4 MILLION AWARD

March 17, 2020  | Source: NCS Multistage Holdings, Inc. HOUSTON, March 17, 2020 (GLOBE NEWSWIRE) — NCS Multistage Holdings, Inc. (“NCS” or the “Company”) (NASDAQ:NCSM) today announced that the United States District Court for the Western District of Texas, Waco Division, has awarded Repeat Precision, LLC, a 50 percent owned subsidiary of NCS (“Repeat Precision”), an … Read moreU.S. DISTRICT COURT RULES IN FAVOR OF REPEAT PRECISION AND NCS MULTISTAGE WITH $34.4 MILLION AWARD

New SHOWCASE Directory Companies

 

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

Saudis to Hike Oil Export to Record 10 Million Barrels a Day

By Javier Blas Mar 17, 2020 (Bloomberg)Saudi Arabia plans to boost oil exports even further from April to May, reaching a record of more than 10 million barrels a day as the kingdom taps a new field.The increase in shipments of about 250,000 barrels a day shows the kingdom is determined to carry on with … Read moreSaudis to Hike Oil Export to Record 10 Million Barrels a Day

New SHOWCASE Directory Companies

 

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

U.S. Oil giants set health checks for critical staff, work-from-home rules

Erwin Seba, Gary McWilliams HOUSTON (Reuters) – Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread and threatened an industry reeling from falling demand and profits. FILE PHOTO: Crew members look over idle oil rigs in the Gulf of Mexico … Read moreU.S. Oil giants set health checks for critical staff, work-from-home rules

New SHOWCASE Directory Companies

 

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

Osperity: Dear Clients and Colleagues in the Energy Industry

Osperity Feature Logo 400x270

The impact of COVID-19 becoming a pandemic has far reaching implications that have significantly disrupted our daily personal and work lives.  On behalf of all the personnel at Osperity, we hope that you and your loved ones are safe and healthy, and that every measure is being taken to protect your work colleagues, family members, … Read moreOsperity: Dear Clients and Colleagues in the Energy Industry

New SHOWCASE Directory Companies

 

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

Musk Keeps Tesla Open in Midst of Lockdown, Downplays Risk

By Dana Hull, Ed Ludlow and Josh Eidelson Mar 17, 2020 (Bloomberg) Tesla Inc.’s factory and other California operations will remain open in the midst of a San Francisco Bay Area lockdown, with Elon Musk telling employees he will keep going in to work despite the spread of the coronavirus. “I’d like to be super clear … Read moreMusk Keeps Tesla Open in Midst of Lockdown, Downplays Risk

New SHOWCASE Directory Companies

 

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

Oil Hovers at $30 and Goldman Warns of More Losses to Come

By Saket Sundria and Alex Longley Mar 17, 2020 (Bloomberg) Oil erased gains as the shutdown of swaths of the global economy triggered a meltdown in fuel demand.Futures in London traded little changed after earlier rising as much as 4%, as measures by governments to restrict travel hammered fuel consumption and led to the biggest daily … Read moreOil Hovers at $30 and Goldman Warns of More Losses to Come

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Mar 17, 2020 (Bloomberg)The fiscal fightback, stocks remain unimpressed and the economic damage assessments look bleak. Here are some of the things people in markets are talking about today. Measures French President Emmanuel Macron said that the country would guarantee up to 300 billion euros ($335 billion) of bank loans to companies in an effort to stop businesses … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

An Economic Crash Will Slow Down the Electric Vehicle Revolution … But Not For Long

By Laura Millan Lombrana, Jess Shankleman and Akshat Rathi Mar 16, 2020 (Bloomberg) The electric vehicle revolution that by most accounts was ramping up in 2020 faces one of the biggest threats since EVs started to go mainstream in the last decade.The outbreak of the novel coronavirus in late December has paralyzed key parts of the … Read moreAn Economic Crash Will Slow Down the Electric Vehicle Revolution … But Not For Long

New SHOWCASE Directory Companies

 

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

TerraForm Power Reports Fourth Quarter and Full Year 2019 Results

March 17, 2020| Source: TerraForm Power, Inc. NEW YORK, March 17, 2020 (GLOBE NEWSWIRE) — TerraForm Power, Inc. (Nasdaq: TERP) (“TerraForm Power”) today reported financial results for the quarter and full year ended December 31, 2019. 2019 Highlights Net (Loss) Income attributable to Class A shareholders, Adjusted EBITDA and CAFD of $(149) million, $744 million and … Read moreTerraForm Power Reports Fourth Quarter and Full Year 2019 Results

New SHOWCASE Directory Companies

 

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

Russia Sees No Need for Talks With Saudis Even as Oil Tumbles

By Ilya Arkhipov and Dina Khrennikova Mar 16, 2020 (Bloomberg)Russia, the world’s largest energy exporter, said the current oil-price slump was expected and it doesn’t plan talks with Saudi Arabia for the time being. The decision to keep the Saudis at arm’s length comes as oil tumbles to a four-year low, continuing its slide after … Read moreRussia Sees No Need for Talks With Saudis Even as Oil Tumbles

New SHOWCASE Directory Companies

 

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

Chinese Oil Refiner Says No to Crude Oil From Russia’s Rosneft

By Serene Cheong and Sharon Cho Mar 16, 2020 (Bloomberg) The trading arm of a Chinese state-owned refiner is turning away crude from Russian energy giant Rosneft PJSC, the parent of a unit hit by U.S. sanctions. Sinochem International Oil (Singapore) on Monday sought crude for May-to-June delivery, company documentation seen by Bloomberg shows. While Sinochem didn’t say … Read moreChinese Oil Refiner Says No to Crude Oil From Russia’s Rosneft

New SHOWCASE Directory Companies

 

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

Saudi flood of crude about to crash into demand destroyed by coronavirus

March 16, 2020 Reuters Saudi Arabia’s move to flood the crude oil market is on a collision course with global demand that is about to be pummelled by the coronavirus pandemic, especially in North America and Europe. As the outbreak intensifies and spreads across Europe and the United States, governments are trying to contain it by … Read moreSaudi flood of crude about to crash into demand destroyed by coronavirus

New SHOWCASE Directory Companies

 

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

From Schools to Bars, Closures Mark America’s Big Shutdown

By Anders Melin Mar 15, 2020, 10:46 PM (Bloomberg) The biggest school system in the U.S. is closing. California is confining the elderly to their homes. Bars, restaurants, resorts and several retail chains are closing shop. Welcome to the Great Shutdown, as wide swaths of the American economy enter suspended animation to combat the spread of … Read moreFrom Schools to Bars, Closures Mark America’s Big Shutdown

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

World Business

By Lorcan Roche Kelly Mar 16, 2020 (Bloomberg) Central banks cut again, markets fall again, and outbreak continues to spread. Here are some of the things people in markets are talking about today. Rate slash In its second emergency rate cut in two weeks, the Federal Reserve reduced its benchmark to basically zero, dropping the target to 0-0.25%. The bank … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Plastics Had Been Falling Out of Favor. Then Came the Virus

By Leslie Kaufman Mar 15, 2020 (Bloomberg)It took one week after the first U.S. case of Covid-19 with no overseas connection for Starbucks Corp. to ban customers from bringing in reusable coffee mugs. Judith Enck, a former regional administrator for the Environmental Protection Agency, was disappointed. Public health comes first, of course, but as the … Read morePlastics Had Been Falling Out of Favor. Then Came the Virus

New SHOWCASE Directory Companies

 

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

Big Shale Borrowers on Fast Track to Junk in Latest Oil Rout

By Caleb Mutua and Allison McNeely Mar 16, 2020 (Bloomberg) The latest crash in oil prices is threatening to push $140 billion of investment-grade energy debt over the edge into junk. Despite the modest recovery after 2016, oil prices have been capped by plentiful global supplies, and at the same time the U.S. shale sector has … Read moreBig Shale Borrowers on Fast Track to Junk in Latest Oil Rout

New SHOWCASE Directory Companies

 

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

Oil Slumps to Lowest Since 2016 as Demand Collapse Triggers Rout

Oil Pump

By Alex Longley Mar 16, 2020 (Bloomberg)Oil’s spectacular collapse deepened as widening global efforts to fight the spread of the coronavirus looked set to trigger the most severe contraction in annual oil demand in history.Futures tumbled as much as 11% after losing a quarter of their value last week. Demand for jet fuel, gasoline and diesel is … Read moreOil Slumps to Lowest Since 2016 as Demand Collapse Triggers Rout

New SHOWCASE Directory Companies