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Pioneer Natural sees crude exports rising from U.S. Gulf Coast -CFO

HOUSTON, May 21 (Reuters) – Pioneer Natural Resources Co is moving about 200,000 barrels per day (bpd) of crude from the Permian basin to the U.S. Gulf Coast, with about 80 percent of that loaded on ships for export, Chief Financial Officer Rich Dealy said on Tuesday. The percentage of volumes being exported is expected … Read morePioneer Natural sees crude exports rising from U.S. Gulf Coast -CFO

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Osprey is Growing, Introducing Jay Sorensen and Joey Fuda, Account Executives

Osprey Logo - December 2018 Update Feature

As Osprey continues to grow, we have made many key staff additions in recent months, including adding to our Account Management team. We want to introduce you to our new Account Executives, Jay Sorensen, Calgary and Joey Fuda, Houston who will be your new main contact with us. Please feel free to reach out to … Read moreOsprey is Growing, Introducing Jay Sorensen and Joey Fuda, Account Executives

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Refiner CVR Energy says evaluating strategic alternatives including sale

(Reuters) – Carl Icahn-backed U.S. oil refiner CVR Energy Inc said on Tuesday it was evaluating potential strategic alternatives, including a sale of the company, sending its shares up 3.7% after the bell. The company has engaged BofA Merrill Lynch as its financial advisor to assist it in the process. CVR also said it has … Read moreRefiner CVR Energy says evaluating strategic alternatives including sale

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Possible Trump Visit to Iowa Ethanol Mill Signals E15 Win

A gas pump selling E15, a gasoline with 15 percent of ethanol, is seen in Mason City, Iowa, United States, May 18, 2015. REUTERS/Jim Young

May 21, 2019, by Mario Parker and Jennifer Jacobs (Bloomberg) President Donald Trump is considering visiting an ethanol refinery in Iowa in the coming weeks, according to people familiar with the matter, a signal that the administration will fulfill a pledge to permit the year-round sale of high-ethanol gasoline sought by corn farmers in the … Read morePossible Trump Visit to Iowa Ethanol Mill Signals E15 Win

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BP Bosses Get Public Grilling on Climate From Largest Investors

May 21, 2019, by Kelly Gilblom (Bloomberg) BP Plc lined the road leading to its annual shareholder gathering in Scotland’s oil capital with hoardings touting investments in renewable energy. Inside the meeting, there was a fierce debate on whether the energy major was telling the truth. On Tuesday, investors large and small grilled BP’s Chairman … Read moreBP Bosses Get Public Grilling on Climate From Largest Investors

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Trump Tells Democrats to Pass New Nafta Before Infrastructure

May 21, 2019, by John Harney and Mark Niquette (Bloomberg) President Donald Trump told Democratic congressional leaders on the eve of a White House meeting to discuss restoring the nation’s infrastructure that he first wanted them to pass his replacement for the North American Free Trade Agreement. “Before we get to infrastructure, it is my … Read moreTrump Tells Democrats to Pass New Nafta Before Infrastructure

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U.S. shale producer Pioneer Natural Resources cuts 25% of workforce

(Reuters) – Pioneer Natural Resources Co, one of the largest producers in the Permian Basin of West Texas and New Mexico, announced on Tuesday that it had cut about a quarter of its workforce to save costs and boost shareholder value. Irving, Texas-based Pioneer laid off 230 employees this week at its headquarters and in … Read moreU.S. shale producer Pioneer Natural Resources cuts 25% of workforce

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Proposed U.S. plant to pull CO2 from thin air, use it to pump oil

JACKSON, Wyoming May 21 (Thomson Reuters Foundation) – A U.S. oil producer is teaming up with a company working to grab planet-warming carbon dioxide (CO2) straight from the air in a bid to extract more oil from the ground in a greener way, the companies said on Tuesday. Occidental Petroleum is partnering with Canada-based Carbon … Read moreProposed U.S. plant to pull CO2 from thin air, use it to pump oil

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EPA Plans to Rewrite Costs and Benefits of Anti-Pollution Rules

May 21, 2019, by Jennifer A. Dlouhy (Bloomberg) The Trump administration is planning to write new rules for how it weighs the human costs and benefits of environmental regulations, a move that could make it harder for future presidents to stiffen limits on pollution and combat climate change. EPA Administrator Andrew Wheeler directed top agency … Read moreEPA Plans to Rewrite Costs and Benefits of Anti-Pollution Rules

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Texas Pipeline Activists Face 10-Year Sentence Under Measure

Keystone xl pipeline

May 21, 2019, by Rachel Adams-Heard and Ari Natter (Bloomberg) Oil pipeline protesters who interrupt operations or damage equipment could face up to 10 years in prison under legislation approved by Texas lawmakers. Under a bill approved by both chambers of the state legislature, protesters found guilty of halting service or delaying construction of an … Read moreTexas Pipeline Activists Face 10-Year Sentence Under Measure

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CVR Energy Reports Evaluation of Strategic Alternatives, Sale of Cushing Terminal

May 21, 2019  | Source: CVR Energy, Inc. SUGAR LAND, Texas, May 21, 2019 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI) today announced that it has engaged BofA Merrill Lynch as its financial advisor to assist it in evaluating potential strategic alternatives, including a potential sale. The Company intends to evaluate alternatives in combination with … Read moreCVR Energy Reports Evaluation of Strategic Alternatives, Sale of Cushing Terminal

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Adams Resources & Energy, Inc. Announces Appointment Of New Director

May 21, 2019 PR Newswire HOUSTON, May 21, 2019 /PRNewswire/ — Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) (“Adams” or the “Company”) today announced that John O. Niemann, Jr. has been elected a member of its board of directors, effective May 20, 2019.  Mr. Niemann has also been appointed to serve on the board’s Audit and Compensation Committees. Mr. Niemann has … Read moreAdams Resources & Energy, Inc. Announces Appointment Of New Director

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BP Bosses Get Public Grilling on Climate From Largest Investors

May 21, 2019 by Kelly Gilblom (Bloomberg) BP Plc lined the road leading to its annual shareholder gathering in Scotland’s oil capital with hoardings touting investments in renewable energy. Inside the meeting, there was a fierce debate on whether the energy major was telling the truth. On Tuesday, investors large and small grilled BP’s Chairman … Read moreBP Bosses Get Public Grilling on Climate From Largest Investors

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Texas Pipeline Activists Face up to 10-Year Sentence Under New Legislation

May 21, 2019 by Rachel Adams-Heard and Ari Natter (Bloomberg) Oil pipeline protesters who interrupt operations or damage equipment could face up to 10 years in prison under legislation approved by Texas lawmakers. Under a bill approved by both chambers of the state legislature, protesters found guilty of halting service or delaying construction of an … Read moreTexas Pipeline Activists Face up to 10-Year Sentence Under New Legislation

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Buying Pipelines Should Be Easier Than This: Liam Denning

May 21, 2019, by Liam Denning (Bloomberg Opinion) It is a paradox of the energy business today that U.S. oil and gas production is at record levels but the business of piping the stuff around is in the pits. More than a few of the industry’s wounds were self-inflicted. Like their exploration and production clients, … Read moreBuying Pipelines Should Be Easier Than This: Liam Denning

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Yuma Energy, Inc. Reports Updated Corporate Developments

May 21, 2019 PR Newswire HOUSTON, May 21, 2019 /PRNewswire/ — Yuma Energy, Inc. (NYSE American: YUMA) (“Yuma” or the “Company,” “we” or “our”) announced today that on May 20, 2019, it filed its quarterly report on Form 10-Q for the three months ended March 31, 2019 with the Securities and Exchange Commission (“SEC”).  Investors and stockholders may obtain our Form 10-Q, Form … Read moreYuma Energy, Inc. Reports Updated Corporate Developments

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Red Wolf Natural Resources, LLC Acquires Assets in Oklahoma’s SCOOP, STACK and Merge Resources Plays

May 20, 2019 Business Wire OKLAHOMA CITY–(BUSINESS WIRE)–Red Wolf Natural Resources, LLC (“Red Wolf”), a newly formed oil and gas exploration and production company, today announced it has acquired approximately 56,000 net acres and associated production in Oklahoma’s SCOOP, STACK and Merge plays as well as the broader Anadarko Basin. Acquisition Highlights: Approximately 56,000 total net … Read moreRed Wolf Natural Resources, LLC Acquires Assets in Oklahoma’s SCOOP, STACK and Merge Resources Plays

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Roan Resources Announces it Has Engaged Citigroup and Jefferies to Assist with Strategic Alternatives Review

May 20, 2019 Business Wire OKLAHOMA CITY–(BUSINESS WIRE)–Roan Resources, Inc. (NYSE: ROAN) (“Roan” or the “Company”) today announced that it has engaged Citigroup Global Markets Inc. (“Citi”) and Jefferies LLC (“Jefferies”), to assist the Company in evaluating strategic alternatives. As previously announced on April 29, 2019, the Company has received multiple unsolicited indications of interest for … Read moreRoan Resources Announces it Has Engaged Citigroup and Jefferies to Assist with Strategic Alternatives Review

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KKR and Western Natural Resources Form Partnership to Pursue Oil and Gas Investments in Williston Basin

May 20, 2019 Business Wire HOUSTON & OKLAHOMA CITY–(BUSINESS WIRE)–KKR, a leading global investment firm, and Western Natural Resources, LLC (“Western”) today announced a new partnership to acquire producing and undeveloped oil and gas assets in the Williston Basin. The Williston Basin includes meaningful existing production and high quality, well-defined remaining drilling inventory well suited to … Read moreKKR and Western Natural Resources Form Partnership to Pursue Oil and Gas Investments in Williston Basin

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LIVE TODAY! Virtually join us at the Energy Connect Virtual Conference & Expo

LIVE TODAY! Virtually join us at the Energy Connect Virtual Conference & Expo to see our many speakers and exhibitors, all sharing their expertise on the digital transformation of Oil and Gas.  |IIoT, Automation, Blockchain, & More| AGENDA:  REGISTER TO ATTEND HERE Panel Discussion (8:00 AM MST) Moderated by Geoffrey Cann (Discussion – The Digitalization … Read moreLIVE TODAY! Virtually join us at the Energy Connect Virtual Conference & Expo

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A MUST WATCH! Dr. Patrick Moore, Co-founder of Greenpeace, discusses climate change and why simple science made him leave Greenpeace

Digital Exclusive: Dr. Patrick Moore TEARS APART The Green New Deal Dr. Patrick Moore – Confessions of a Greenpeace dropout. Dr. Moore, co-founder of Greenpeace, discusses climate change and why he left Greenpeace. Simple science made him a Greenpeace dropout.  He says “He did not leave Greenpeace, Greenpeace left him”    

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Houston American Energy Announces Initiation Of Fracking Operations On Yoakum County Well

May 20, 2019 PR Newswire HOUSTON, May 20, 2019 /PRNewswire/ — Houston American Energy Corp. (NYSE American: HUSA) today announced the initiation of fracking operations on the company’s Frost #1H well. The Frost #1H well is located in the Northwest Shelf of the Midland Basis, in Yoakum County, Texas, and targets the “Exploration” component of the San Andres … Read moreHouston American Energy Announces Initiation Of Fracking Operations On Yoakum County Well

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Five Things to Know in World Business Today

May 21, 2019 by Lorcan Roche Kelly (Bloomberg) China warns of “necessary response” to Huawei blacklisting, Trump’s battle with Congress heats up, and Tesla bears circle. Here are some of the things people in markets are talking about today. Striking back Chinese officials continue to warn that the country will retaliate to the U.S. blacklisting of … Read moreFive Things to Know in World Business Today

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Persian Gulf Now Most Risky for Oil Tankers Since Last Iraq War

May 21, 2019 by Alex Longley (Bloomberg) Not since 2005 have the world’s insurers considered shipping in the Persian Gulf so dangerous for oil tankers. The Joint War Committee of London’s Lloyd’s Market Association said Friday that it would expand its so-called ‘listed areas’ — those regions that pose the greatest risks for shipping, and … Read morePersian Gulf Now Most Risky for Oil Tankers Since Last Iraq War

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Oil Rises as OPEC Signal on Output Curbs Counters Trade Risk

May 21, 2019 by Tsuyoshi Inajima and Grant Smith (Bloomberg) Oil rose on signs OPEC and its allies will extend production cuts beyond June, while a steadily deteriorating U.S.-China trade relationship kept prices from pushing higher. Futures increased 0.7% in New York after closing up 0.5% on Monday. Saudi Energy Minister Khalid Al-Falih urged the … Read moreOil Rises as OPEC Signal on Output Curbs Counters Trade Risk

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Elon Musk Delays His Goals to End Climate Change

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

May 20, 2019 by Austin Carr (Bloomberg) Last week, Tesla Inc.’s stock dropped to its lowest level in almost two and a half years following another fatal vehicle crash involving its much-touted autopilot navigation system, and a vow from Chief Executive Officer Elon Musk to introduce more “hardcore” cost-cutting measures to save the company from running out of cash in 10 months. So it … Read moreElon Musk Delays His Goals to End Climate Change

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Two Coal Plants Closing a Decade Early in the U.S. Midwest

May 20, 2019, by Will Wade (Bloomberg) Xcel Energy Inc. plans to shutter its last two coal-fired power plants in the Upper Midwest a decade ahead of schedule as part of a pledge to phase out carbon-dioxide emissions. The Minneapolis-based company expects to close the Allen S. King power plant in 2028 and its Sherco … Read moreTwo Coal Plants Closing a Decade Early in the U.S. Midwest

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Oil Companies Join Corporate Lobbying Push for U.S. Carbon Tax

Big Oil

May 20, 2019, by Jennifer A. Dlouhy and Ari Natter (Bloomberg) Oil companies, automakers and consumer products manufacturers will unleash a campaign for a U.S. tax on carbon dioxide emissions even though it may lead to higher prices for their products. Oil companies BP Plc and Royal Dutch Shell Plc are giving $1 million each … Read moreOil Companies Join Corporate Lobbying Push for U.S. Carbon Tax

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South Texas oil producer 1776 Energy up for sale

By David French (Reuters) – Privately held 1776 Energy Operators LLC told Reuters on Friday it would put itself up for sale, after sources familiar with the South Texas-focused oil and gas producer said they expected it to be valued at around $1.5 billion, including debt. The Houston-based firm, which drills for oil and gas … Read moreSouth Texas oil producer 1776 Energy up for sale

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Blackstone, Whiting, Callon Are Said to Consider QEP Bids

May 20, 2019, by Kiel Porter and Scott Deveau (Bloomberg) QEP Resources Inc. has attracted takeover interest from private equity giant Blackstone Group LP, as well as drillers Whiting Petroleum Corp. and Callon Petroleum Co., according to people familiar with the matter. The Denver-based natural gas and oil explorer and producer said in February that … Read moreBlackstone, Whiting, Callon Are Said to Consider QEP Bids

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Oil Giant Chevron Offering Electric Car Charging at Stations

Chevron Gas Station

May 20, 2019, by Mark Chediak (Bloomberg) Big oil is shifting, ever so slightly, toward the electric car business. Chevron Corp. is offering electric car charging ports at a handful of gasoline stations in its home state of California, according to a statement Monday. The fast-charging spots, located at five stations in the Los Angeles … Read moreOil Giant Chevron Offering Electric Car Charging at Stations

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ISRAMCO, INC. ENTERS INTO DEFINITIVE MERGER AGREEMENT; TRANSACTION WOULD RESULT IN COMPANY GOING PRIVATE

May 20, 2019  | Source: Isramco, Inc. HOUSTON, TX, May 20, 2019 (GLOBE NEWSWIRE) — Isramco, Inc. (NASDAQ CM: ISRL) (the “Company,” “Isramco,” “we” or “our”) announced today that it has signed a definitive merger agreement with Naphtha Israel Petroleum Corporation Ltd. (“Naphtha”), Naphtha Holding Ltd. (“NHL”), I.O.C. – Israel Oil Company, LTD. (“IOC”) and Naphtha … Read moreISRAMCO, INC. ENTERS INTO DEFINITIVE MERGER AGREEMENT; TRANSACTION WOULD RESULT IN COMPANY GOING PRIVATE

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BP Staff Work From Home as Greenpeace Blockades London HQ

BP Gas Station

May 20, 2019, by Kelly Gilblom (Bloomberg) BP Plc is continuing normal operations as employees work from home after Greenpeace put up barriers on the entrances to its London headquarters. The environmental group said volunteers arrived at BP’s office at 3 a.m. on Monday. They “encased themselves in specially designed, toughened containers weighing several tons … Read moreBP Staff Work From Home as Greenpeace Blockades London HQ

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Oil Rises as OPEC Signals Continued Cuts and U.S. Threatens Iran

Oil-Prices-Up

May 20, 2019 by Tsuyoshi Inajima and Alex Longley (Bloomberg) — Oil rose after Saudi Arabia and other OPEC+ members signaled their intention to keep supplies constrained, while U.S. President Donald Trump ratcheted up tensions with Iran. Futures in New York jumped as much as 1.7%, before paring some of those gains. Saudi Energy Minister … Read moreOil Rises as OPEC Signals Continued Cuts and U.S. Threatens Iran

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Five Things to Know in World Business Today

May 20, 2019 by Lorcan Roche Kelly (Bloomberg) The isolation of Huawei begins, oil jumps on continued OPEC cuts, and incumbents win in India and Australia. Here are some of the things people in markets are talking about today. Tech stocks fall President Donald Trump’s moves against Huawei Technologies Co. are being felt in the tech sector … Read moreFive Things to Know in World Business Today

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Gulfport Energy Corporation Selects Patrick K. Craine as General Counsel and Corporate Secretary

May 20, 2019  | Source: Gulfport Energy Corporation OKLAHOMA CITY, May 20, 2019 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) announced today that Patrick K. Craine has joined the Company as General Counsel and Corporate Secretary reporting to David M. Wood, President and Chief Executive Officer. Mr. Craine has over 20 … Read moreGulfport Energy Corporation Selects Patrick K. Craine as General Counsel and Corporate Secretary

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Venezuela oil minister says economy, oil industry under U.S. siege

JEDDAH, Saudi Arabia (Reuters) – Venezuelan Oil Minister Manuel Quevedo said on Sunday his country’s economy and oil industry was under economic and financial siege by the U.S. government. “This therefore generates disturbances in the flow of oil supply to the world market as well as serious economic damage and suffering to the Venezuelan people,” … Read moreVenezuela oil minister says economy, oil industry under U.S. siege

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Mechanically Adept: Leading Efficiency in the Permian

Flex-Leasing-Power-Feature-logo

By Paul Wiseman With more accurate computer modeling for drill sites connected to long lead times (6-12 months) for procurement of large equipment like gas compressors, long-term planning is both possible and necessary. That plus the emergence of gas lift compression as a preferred artificial lift solution has made compression services companies like CSI Compressco … Read moreMechanically Adept: Leading Efficiency in the Permian

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OPEC+ Job Isn’t Done as Oil Inventory Rising, Minister Says

May 18, 2019, by Grant Smith, Salma El Wardany and Dina Khrennikova (Bloomberg) Efforts by OPEC and its allies to balance the global supply and demand of oil aren’t complete because crude inventories continue to rise, according to United Arab Emirates Oil Minister Suhail Mohammed Al Mazrouei. “The job is not complete,” Al Mazrouei told … Read moreOPEC+ Job Isn’t Done as Oil Inventory Rising, Minister Says

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Iraq Says Exxon Evacuation of Staff Is `Unacceptable’

May 19, 2019, by Khalid Al-Ansary (Bloomberg) The evacuation of some Exxon Mobil Corp. workers is “unacceptable and unwarranted” because it has nothing to do with the security situation in southern Iraq, according the country’s energy minister. “This withdrawal may send the wrong message about the situation in Iraq, and that’s something we reject,” Iraq’s … Read moreIraq Says Exxon Evacuation of Staff Is `Unacceptable’

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Alta Mesa Resources Provides Operational and Financial Update; Receives NASDAQ Notice Regarding Non-Compliance With Continued Listing Standards; Alta Mesa Holdings Files Form 10-K

May 17, 2019 Globe Newswire HOUSTON, Texas, May 17, 2019 (GLOBE NEWSWIRE) — Alta Mesa Resources, Inc. (NASDAQ: AMR, “Alta Mesa” or the “Company”) today provided an operational and financial update for its subsidiaries Alta Mesa Holdings, LP (“Alta Mesa Upstream”) and Kingfisher Midstream, LLC (“Kingfisher Midstream”) and announced that Alta Mesa Upstream has filed its … Read moreAlta Mesa Resources Provides Operational and Financial Update; Receives NASDAQ Notice Regarding Non-Compliance With Continued Listing Standards; Alta Mesa Holdings Files Form 10-K

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Jones Energy, Inc. Emerges From Chapter 11 Thirty‑Three Days After Voluntarily Filing for Bankruptcy Protection; Announces New $225 Million Borrowing Base Agreement

May 17, 2019 Globe Newswire AUSTIN, Texas, May 17, 2019 (GLOBE NEWSWIRE) — Jones Energy, Inc. (OTC Pink: JEII) (“Jones Energy” or the “Company”) today announced that it is emerging from bankruptcy. The Company emerges following satisfaction of all of the conditions to effectiveness under the Company’s prepackaged chapter 11 plan (the “Plan”), previously confirmed by … Read moreJones Energy, Inc. Emerges From Chapter 11 Thirty‑Three Days After Voluntarily Filing for Bankruptcy Protection; Announces New $225 Million Borrowing Base Agreement

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Novak Says too Soon to Discuss Oil-Cut Options: OPEC+ Update

May 19, 2019, by Dina Khrennikova, Grant Smith and Salma El Wardany (Bloomberg) Oil producers meeting in Jeddah, Saudi Arabia, must assess the situation in the market before considering possible action such as extending output cuts, Russia’s Energy Minister Alexander Novak told reporters in the Red Sea city. Members of the OPEC+ coalition need to … Read moreNovak Says too Soon to Discuss Oil-Cut Options: OPEC+ Update

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OPEC Shows Intention to Keep Oil Supply Constrained All Year

May 19, 2019 by Grant Smith, Salma El Wardany, Dina Khrennikova and Annmarie Hordern (Bloomberg) Saudi Arabia and other key producers in OPEC signaled their intention to keep oil supplies constrained for the rest of the year, while pledging to prevent any genuine shortages. It was less clear how far Russia, their main partner in … Read moreOPEC Shows Intention to Keep Oil Supply Constrained All Year

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Report highlights utility failures in biggest US gas leak

LOS ANGELES — A blowout at a Los Angeles natural gas well in 2015 that led to the largest-known release of methane in U.S. history was the result of a corroded pipe casing and safety failures by a utility, according to an investigation report released Friday. Southern California Gas Co. failed to investigate previous rupture … Read moreReport highlights utility failures in biggest US gas leak

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Shale Overhead Costs Under Fire as Investors Drill Even Deeper

(Bloomberg) U.S. shale producers that have reined in growth plans to mollify investors are now facing increasing pressure to slash their own pay and gut bloated offices. Almost all major U.S. explorers cut their capital budgets after oil prices fell at the end of 2018. The goal: Show they were willing to pay back shareholders … Read moreShale Overhead Costs Under Fire as Investors Drill Even Deeper

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Fracking Water Provider Select Energy Is Said to Consider Sale

May 17, 2019 by Kiel Porter (Bloomberg) Select Energy Services Inc., a provider of water to shale drillers, is in the early stages of considering a sale, according to people familiar with the matter. The Gainesville, Texas-based company has spoken to advisers about exploring strategic options, including a potential sale, said the people, who asked … Read moreFracking Water Provider Select Energy Is Said to Consider Sale

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US crude slips 11 cents, settling at $62.76, but posts 1.8% weekly gain on Mideast tensions

May 17, 2019 Reuters Oil prices slipped on Friday, but both benchmarks posted a weekly gain on rising concerns over further Middle East supply disruptions due to U.S.-Iran political tensions. A deputy head of Iran’s elite Revolutionary Guards said on Friday Iran could “easily” hit U.S. warships in the Gulf, the latest in days of … Read moreUS crude slips 11 cents, settling at $62.76, but posts 1.8% weekly gain on Mideast tensions

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U.S. oil drillers cut rigs for second straight week -Baker Hughes

May 17 (Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for the second week in a row, with the rig count at its lowest since March 2018, as some drillers follow through on plans to cut spending. Despite those cuts, production in the nation’s biggest shale formations was expected … Read moreU.S. oil drillers cut rigs for second straight week -Baker Hughes

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Bonanza Creek Energy Announces Results of Borrowing Base Redetermination and Participation in Upcoming Investor Conference

DENVER, May 16, 2019 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) today announces that the lenders under its senior secured credit facility have concluded their semi-annual redetermination, resulting in an increase in the borrowing base to $375 million from $350 million. While the bank syndicate fully subscribed to … Read moreBonanza Creek Energy Announces Results of Borrowing Base Redetermination and Participation in Upcoming Investor Conference

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Range Announces Promotion of Dennis Degner to Chief Operating Officer

FORT WORTH, Texas, May 16, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced that Dennis Degner was appointed to the position of Senior Vice President – Chief Operating Officer, effective immediately. Mr. Degner has been with Range for nine years, most recently as Senior Vice President of Operations where he managed operations … Read moreRange Announces Promotion of Dennis Degner to Chief Operating Officer

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Rice brothers reduce their EQT director nominees to seven from nine

(Reuters) – EQT Corp shareholders Rice brothers said on Thursday they will reduce their director nominees to the company’s board from nine to seven, after EQT decided to replace three long-serving directors. The Rice team said two of the oil and gas producer’s new director nominees, Janet Carrig and James McManus, appear qualified to serve … Read moreRice brothers reduce their EQT director nominees to seven from nine

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BP faces investor push to beef up fight against climate change

LONDON (Reuters) – BP will face pressure at a meeting next week to set tougher targets to combat climate change, the latest signal from investors that they want the oil and gas industry to do more to clean up its act. After BP’s 2018 carbon emissions rose to their highest in six years, the London-based … Read moreBP faces investor push to beef up fight against climate change

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Oil Set for Weekly Gain as OPEC+ Gathers Amid Gulf Tensions

May 17, 2019, by Sharon Cho and Grant Smith (Bloomberg) Brent oil headed for its biggest weekly gain since mid-February as OPEC and its allies gather this weekend to consider output policy and political tensions in the Persian Gulf escalate. Futures have added 3.5% in London this week. Saudi Arabia, Russia and other major producers … Read moreOil Set for Weekly Gain as OPEC+ Gathers Amid Gulf Tensions

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LNG Players Weigh Ship-Storage Gambit That Backfired Last Winter

LNG And LPG Operations At Aqaba Port, Jordan

May 17, 2019, by Anna Shiryaevskaya (Bloomberg) With so much cheap liquefied natural gas around, traders are again looking at tankers to store the fuel in the hope of better prices. A long-established practice in oil trading, the complexity and cost of keeping natural gas in liquid form on ships for extended periods meant it … Read moreLNG Players Weigh Ship-Storage Gambit That Backfired Last Winter

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Five Things to Know in World Business Today

May 17, 2019, by Lorcan Roche Kelly (Bloomberg) Not interested Chinese state media signaled that the country has little interest in resuming trade talks with the U.S. as long as authorities in Washington continue to threaten more tariffs. This means that the next opportunity for both sides to come together will be a meeting between … Read moreFive Things to Know in World Business Today

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Global LNG: Asian prices slip as numerous sell tenders overshadow demand

LNG Tanker

SINGAPORE (Reuters) – Asian spot prices for liquefied natural gas (LNG) fell to a three-week low this week as cargoes were offered against little buying interest despite the approach of summer, when warmer weather typically boosts power generation demand. Spot prices for July delivery to Northeast Asia slipped to $5.35 per million British thermal units … Read moreGlobal LNG: Asian prices slip as numerous sell tenders overshadow demand

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California Regulator Threatens Trump With `Extreme’ Auto Rules

May 16, 2019, by Jennifer A. Dlouhy (Bloomberg) A top California environmental regulator is threatening to enact tough, new pollution rules — including an unprecedented ban on cars burning petroleum-based fuels — in response to a Trump administration plan to relax vehicle emission standards. California Air Resources Board Chairman Mary Nichols said the state would … Read moreCalifornia Regulator Threatens Trump With `Extreme’ Auto Rules

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At GE, Transparency Comes in Fits and Starts: Brooke Sutherland

May 16, 2019, by Brooke Sutherland (Bloomberg Opinion) General Electric Co. still has things to learn about transparency.I’ve long held that a true recovery for the struggling industrial giant must entail a restoration of credibility and a reckoning with the tendency toward obfuscation that allowed its cash-flow and balance-sheet challenges to lurk beneath the surface … Read moreAt GE, Transparency Comes in Fits and Starts: Brooke Sutherland

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U.S. Gasoline Traders Would Rather Export Than Ship to New York

May 17, 2019, by Jeffrey Bair (Bloomberg) The busiest U.S. fuel pipeline is running below capacity, as Gulf Coast refiners get fatter margins exporting to Latin America than shipping to New York. Colonial Pipeline Co.’s Line 1, which carries as much as 1.37 million barrels a day of gasoline from the Houston area to North … Read moreU.S. Gasoline Traders Would Rather Export Than Ship to New York

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U.S. FERC approves fourth train for Texas Freeport LNG export plant

(Reuters) – The U.S. Federal Energy Regulatory Commision (FERC) approved privately-held Freeport LNG’s plan to build and operate a fourth liquefaction train at its Freeport liquefied natural gas export terminal in Texas: * Freeport said it expects the U.S. Department of Energy to authorize Train 4 to sell LNG to non-Free Trade Agreement countries later … Read moreU.S. FERC approves fourth train for Texas Freeport LNG export plant

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OIL AGENCIES: IEA Stands Alone in Seeing Stockpiles Grow in 2019

May 16, 2019, by Julian Lee (Bloomberg) The International Energy Agency is the only one of the three major oil forecasting organisations that sees global inventories increasing in 2019. The latest outlooks from the U.S. Energy Information Administration and the Organisation of Petroleum Exporting Countries both show worldwide oil stockpiles falling this year, assuming that total … Read moreOIL AGENCIES: IEA Stands Alone in Seeing Stockpiles Grow in 2019

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Tesla’s New York solar factory making other products in bid to boost jobs

Tesla Office

(Reuters) – Tesla Inc on Wednesday said its solar factory in Buffalo, New York, would become the “manufacturing home” for its electric vehicle Supercharger cabinets and other energy storage products as it seeks to meet employment targets tied to state subsidies. The company disclosed the move in an annual report to New York state in … Read moreTesla’s New York solar factory making other products in bid to boost jobs

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U.S. crude stockpiles rise unexpectedly to highest since 2017: EIA

NEW YORK (Reuters) – U.S. crude oil stockpiles rose unexpectedly last week, climbing to their highest since 2017 amid a release from the national emergency reserve, while gasoline inventories decreased more than forecast, the Energy Information Administration said on Wednesday. Crude inventories rose by 5.4 million barrels in the last week, compared with analysts’ expectations … Read moreU.S. crude stockpiles rise unexpectedly to highest since 2017: EIA

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PG&E lines blamed for deadliest wildfire in California history

LOS ANGELES (Reuters) – State fire investigators have formally determined that Pacific Gas & Electric Co transmission lines caused the deadliest and most destructive wildfire on record in California, a blaze that killed 85 people last year, officials said on Wednesday. The wind-driven blaze, dubbed the Camp Fire, erupted in the drought-parched Sierra foothills 175 … Read morePG&E lines blamed for deadliest wildfire in California history

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Trump Interior chief not losing sleep over record CO2 levels

(Reuters) – U.S. Interior Secretary David Bernhardt told a panel of U.S. lawmakers on Wednesday that he has not lost sleep over record amounts of carbon dioxide recorded in the Earth’s atmosphere, which scientists warn are altering the global climate. “I haven’t lost any sleep over it,” he told the House Committee on Natural Resources, … Read moreTrump Interior chief not losing sleep over record CO2 levels

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FieldPoint Petroleum Reports Results For First Quarter 2019

May 15, 2019 PR Newswire AUSTIN, Texas, May 15, 2019 /PRNewswire/ — FieldPoint Petroleum Corporation (OTC: FPPP) today announced financial results for the fiscal quarter ended March 31, 2019. First Quarter 2019 Financial Highlights Compared to 2018   Revenues decreased to $467,153 from $492,962; Net Loss increased to $(280,909) from $(210,773) and Loss per share increased, basic to $(0.03) from $(0.02) and fully diluted to $(0.03) from $(0.02) Phillip Roberson, President and CFO, … Read moreFieldPoint Petroleum Reports Results For First Quarter 2019

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Samson Resources II, LLC Announces Strong IP 30-day Rates from Four Vertical Well Fort Union Pad in the Green River Basin and Launch of Data Room for the Sale of its Green River Basin Assets

May 15, 2019 PR Newswire TULSA, Okla., May 15, 2019 /PRNewswire/ — Samson Resources II, LLC (“Samson” or the “Company”) announced today that the Company recently brought on a four vertical well pad (“Man Camp”) producing from the Fort Union formation in the Green River Basin located in Sweetwater County, Wyoming with average initial 30-day production rates (“IP 30”) as follows: … Read moreSamson Resources II, LLC Announces Strong IP 30-day Rates from Four Vertical Well Fort Union Pad in the Green River Basin and Launch of Data Room for the Sale of its Green River Basin Assets

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Epsilon Reports First Quarter 2019 ResultsMay 15, 20197:43 AM Globe Newswire

May 15, 2019  Globe Newswire HOUSTON, May 14, 2019 (GLOBE NEWSWIRE) — Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported first quarter 2019 financial and operating results. Michael Raleigh, CEO, commented, “As previously planned with our operator in NE Pennsylvania, we recently received well proposals to drill and complete four Lower Marcellus … Read moreEpsilon Reports First Quarter 2019 ResultsMay 15, 20197:43 AM Globe Newswire

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Santos buys into Exxon-led PNG gas field amid political ructions

BANGALORE/SYDNEY (Reuters) – ExxonMobil has agreed to sell down its holding in the P’nyang gas field in Papua New Guinea to Santos Ltd, giving the Australian company a stake in the field that will help feed an expansion of Exxon’s PNG LNG project. Santos will buy a 14.3% stake from existing partners in P’nyang, including … Read moreSantos buys into Exxon-led PNG gas field amid political ructions

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Tesla Fires Sound Alarms About Safety of Electric-Car Batteries

May 16, 2019, by David Stringer, Ma Jie and Jinshan Hong (Bloomberg) Electric vehicles may be less prone to catch fire than gas guzzlers, but recent blazes involving Tesla Inc. and NIO Inc. cars in Greater China are prompting the industry to take steps to alleviate concerns from potential customers in the sector’s biggest market. … Read moreTesla Fires Sound Alarms About Safety of Electric-Car Batteries

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OPEC+ Grapples With Iran Crisis as Ministers Meet in Jeddah

May 16, 2019, by Grant Smith (Bloomberg) When OPEC and its allies gather in the Saudi Arabian city of Jeddah this weekend, their conversation will be dominated by a member of the group that isn’t there: Iran. As U.S. President Donald Trump squeezes oil exports from the Islamic Republic with sanctions, the discussions among other … Read moreOPEC+ Grapples With Iran Crisis as Ministers Meet in Jeddah

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Oil Climbs on Falling U.S. Gasoline Stockpiles and Gulf Tension

May 16, 2019, by Sharon Cho and Grant Smith (Bloomberg) Oil climbed for a third day — the longest run of gains in three weeks — as falling U.S. gasoline stockpiles supported the demand outlook and simmering tensions in the Middle East kept investors on edge. Futures in New York rose as much as 1.1% … Read moreOil Climbs on Falling U.S. Gasoline Stockpiles and Gulf Tension

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Five Things to Know in World Business Today

May 16, 2019, by Lorcan Roche Kelly (Bloomberg) His way or the Huawei In an escalation of the standoff with China, President Donald Trump moved to curb Huawei Technologies Co.’s access to the U.S. market and American suppliers. This would not only cut the company off from the U.S. market but also stop it buying essential … Read moreFive Things to Know in World Business Today

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New York Deals Critical Blow to $1 Billion Shale Gas Pipeline

May 16, 2019, by Rachel Adams-Heard and Keshia Clukey (Bloomberg) New York denied a key permit for a $1 billion Williams Cos. shale gas pipeline, dealing a critical blow to a project that would shuttle fuel to customers in New York City and Long Island. The New York State Department of Environmental Conservation said Wednesday … Read moreNew York Deals Critical Blow to $1 Billion Shale Gas Pipeline

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American Oil Finds New Markets as China-U.S. Trade Rift Grows

May 15, 2019, by Sheela Tobben (Bloomberg) U.S. crude is reaching new destinations around the world after Chinese buying slowed amid concern that the growing trade dispute between the countries could result in a tax on American oil. America shipped 470.2 million barrels to 38 countries from October through March, compared with 359.3 million to … Read moreAmerican Oil Finds New Markets as China-U.S. Trade Rift Grows

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Oil firms on Middle East uncertainty, shrugs off U.S. crude build

Drilling Rig pipes

NEW YORK (Reuters) – Oil futures inched up on Wednesday as the prospect of mounting tensions in the Middle East hitting global supplies overshadowed an unexpected build in U.S. crude inventories. Brent crude settled at $71.77 a barrel, gaining 53 cents or 0.7%. West Texas Intermediate (WTI) crude futures settled at $62.02 a barrel, climbing … Read moreOil firms on Middle East uncertainty, shrugs off U.S. crude build

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China LNG Buyers Seek to Swap U.S. Cargoes After New Tariffs

May 15, 2019, by Stephen Stapczynski (Bloomberg) Liquefied natural gas buyers in China are seeking to swap their U.S. shipments for cargoes from other nations after Beijing pledged to raise tariffs amid a deepening trade dispute, according to traders with knowledge of the situation. Some Chinese LNG buyers have approached suppliers about trading the U.S. … Read moreChina LNG Buyers Seek to Swap U.S. Cargoes After New Tariffs

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Harvest Oil & Gas Announces First Quarter 2019 Results

May 15, 2019  | Source: Harvest Oil & Gas Corp. HOUSTON, May 15, 2019 (GLOBE NEWSWIRE) — Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) today announced results for the first quarter of 2019 and the filing of its Form 10-Q with the Securities and Exchange Commission (“SEC”) on May 15, 2019. Harvest … Read moreHarvest Oil & Gas Announces First Quarter 2019 Results

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Roan Resources, Inc. Reports First Quarter 2019 Results

OKLAHOMA CITY–(BUSINESS WIRE)–Roan Resources, Inc. (NYSE: ROAN) (“Roan” or the “Company”) today announced first quarter 2019 operating and financial results. First Quarter 2019 Highlights Production of approximately 49 thousand barrels of oil equivalent per day (MBoe/d) (26% oil, 30% natural gas liquids (NGLs), 44% gas), up 30% over 1Q 2018; of the 15 gross operated … Read moreRoan Resources, Inc. Reports First Quarter 2019 Results

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Harvest Oil & Gas Announces First Quarter 2019 Results

HOUSTON, May 15, 2019 (GLOBE NEWSWIRE) — Harvest Oil & Gas Corp. (OTCQX: HRST) (“Harvest” or the “Company”) today announced results for the first quarter of 2019 and the filing of its Form 10-Q with the Securities and Exchange Commission (“SEC”) on May 15, 2019. Harvest is the successor reporting company to EV Energy Partners, … Read moreHarvest Oil & Gas Announces First Quarter 2019 Results

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Rosehill Resources Inc. Reports First Quarter 2019 Results

May 14, 2019 Globe Newswire HOUSTON, May 14, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) today reported financial and operational results for the first quarter ended March 31, 2019. First Quarter 2019 Highlights and Recent Items: Strong average net production of 21,478 barrels of oil equivalent per day … Read moreRosehill Resources Inc. Reports First Quarter 2019 Results

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Rising U.S. oil output helps fill gap left by Iran, Venezuela: IEA

LONDON (Reuters) – The world will require very little extra oil from OPEC this year as booming U.S. output will offset falling exports from Iran and Venezuela, the International Energy Agency said on Wednesday. The IEA, which coordinates the energy policies of industrial nations, said Washington’s decision to end sanctions waivers that had allowed some … Read moreRising U.S. oil output helps fill gap left by Iran, Venezuela: IEA

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KKR and Spur Energy Partners Form Partnership to Pursue Oil and Gas Opportunities

May 14, 2019 Business Wire New Partnership to Acquire Permian Northwest Shelf Assets HOUSTON–(BUSINESS WIRE)–Spur Energy Partners LLC (“Spur”) and KKR, a leading global investment firm, today announced the formation of a partnership to acquire large, high-margin oil and gas production and development assets across the Lower 48. The companies also announced the signing of a definitive … Read moreKKR and Spur Energy Partners Form Partnership to Pursue Oil and Gas Opportunities

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Trump Likes Fossil Fuels But Investors Don’t: Matthew Winkler

Coal Train

May 15, 2019, by Matthew A. Winkler (Bloomberg Opinion) Fossil fuel never had a better friend in the White House than Donald Trump. So why, two years into his presidency, are investors favoring public companies devoted to renewable energy and giving the Bronx cheer to the coal, gas and oil crowd? Trump campaigned against the … Read moreTrump Likes Fossil Fuels But Investors Don’t: Matthew Winkler

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IEA Cuts Oil-Demand Forecast, But Sees Market Tightening on Iran

May 15, 2019, by Grant Smith (Bloomberg) Global oil demand will grow more slowly than previously thought following an economic lull in Asia, the International Energy Agency said, while warning that supplies stand to tighten due to U.S. sanctions on Iran. Disappointing fuel consumption in China, Japan and Brazil meant 2019 started with a “tough … Read moreIEA Cuts Oil-Demand Forecast, But Sees Market Tightening on Iran

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Oil Drops as U.S. Stockpile Report Counters Supply Risk in Gulf

May 15, 2019, by Sharon Cho and Amanda Jordan (Bloomberg) Oil fell as an industry report signaling a jump in U.S. stockpiles eased concerns over a supply crunch, even after a drone attack in Saudi Arabia highlighted the vulnerability of the country’s energy infrastructure. Futures in New York declined 0.7% after closing up 1.2% on … Read moreOil Drops as U.S. Stockpile Report Counters Supply Risk in Gulf

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Five Things to Know in World Business Today

May 15, 2019, by Lorcan Roche Kelly (Bloomberg) Losing steam Data published overnight showed that China’s growth eased in April, with industrial output, retail sales and investment all slowing more than economists had forecast. With the ruling Communist Party’s promise to double the size of the nation’s economy between 2010 and 2020 already under pressure from U.S. tariffs, investors … Read moreFive Things to Know in World Business Today

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Latest Permian Basin Oil Supply Surge to Feed Global Markets

May 14, 2019, by Sheela Tobben (Bloomberg) Exports of the Permian Basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners. Sales of the new grade, known as West Texas Light, began in September, as explorers sought to separate out increasingly lighter and less sulfurous crude bubbling … Read moreLatest Permian Basin Oil Supply Surge to Feed Global Markets

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U.S. Senate moves forward on plan to develop electric vehicle supply chain

(Reuters) – U.S. lawmakers on Tuesday moved closer to developing a national electric vehicle supply chain policy, with senators voicing bipartisan support for legislation designed to parry China’s dominance in metals production and battery manufacturing. The Senate’s Energy and Natural Resources Committee held a hearing on the American Mineral Security Act, which would help streamline … Read moreU.S. Senate moves forward on plan to develop electric vehicle supply chain

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OPEC sees more 2019 demand for its oil as it keeps cutting output

LONDON (Reuters) – OPEC said on Tuesday that world demand for its oil would be higher than expected this year as supply growth from rivals including U.S. shale producers slows, pointing to a tighter market if the exporter group refrains from raising output. But the Organization of the Petroleum Exporting Countries, in a monthly report, … Read moreOPEC sees more 2019 demand for its oil as it keeps cutting output

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In World’s Top Oil Play, a Driller Bets Big on Gas Liquids

May 14, 2019, by Rachel Adams-Heard (Bloomberg) A ride through the Permian Basin’s little-drilled southwest corner looks a bit like the rest of the shale patch. Mesquite dots the dry landscape, and bumpy oilfield roads link well sites to the main highways. But there are a couple of big differences: The drilling rights to about … Read moreIn World’s Top Oil Play, a Driller Bets Big on Gas Liquids

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ConocoPhillips will not chase expensive Permian deals, CEO says

FILE PHOTO: Logos of ConocoPhillips are seen in its booth at Gastech, the world's biggest expo for the gas industry, in Chiba, Japan, April 4, 2017. REUTERS/Toru Hanai/File Photo - RC11AEA51EE0

HOUSTON (Reuters) – ConocoPhillips Chief Executive Officer Ryan Lance on Tuesday repeated a pledge to restrain spending, saying the U.S. oil producer would not be drawn into pricey mergers and acquisitions. ConocoPhillips plans to keep its capital spending at around $6 billion this year, Lance told shareholders at the company’s annual meeting. ConocoPhillips has won … Read moreConocoPhillips will not chase expensive Permian deals, CEO says

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Exxon’s Mozambique LNG project plan gets approval

(Reuters) – Exxon Mobil Corp said on Tuesday that its development plan for Rovuma liquefied natural gas (LNG) project in Mozambique was approved by the country’s government, with the company’s final investment decision expected later this year. The U.S. oil giant took charge of the East African LNG project’s onshore operations following a $2.8 billion … Read moreExxon’s Mozambique LNG project plan gets approval

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GE books more power plant orders, beats Mitsubishi, Siemens: sources

NEW YORK (Reuters) – General Electric Co won the most orders in the sharply contracting market for new gas-fired power plants in the first quarter, according to people familiar with the matter. But GE faces rising competition, complicating new Chief Executive Larry Culp’s efforts to turn around the company’s ailing power unit. GE booked six … Read moreGE books more power plant orders, beats Mitsubishi, Siemens: sources

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Oil Seems Remarkably Relaxed as Tensions Rise: Liam Denning

May 14, 2019, by Liam Denning (Bloomberg Opinion) A cursory reading of oil-related headlines points to one thing: Prices should be higher. Saudi Arabia reported drone attacks on two pumping stations on Tuesday. That followed the weekend’s mysterious incident off the coast of the United Arab Emirates that left several oil tankers damaged. U.S. sanctions … Read moreOil Seems Remarkably Relaxed as Tensions Rise: Liam Denning

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Former Massachusetts coal plant to be transformed into clean energy center

May 14, 2019, by Jennifer Runyon (Renewable Energy World) This week, diversified real estate acquisition and development firm Commercial Development Company and transmission developer Anbaric said they plan to build a renewable energy center at Brayton Point Commerce Center in Somerset, Massachusetts. The site is the former home of the Brayton Point Coal Plant, the … Read moreFormer Massachusetts coal plant to be transformed into clean energy center

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Infrastructure and Energy Alternatives, Inc. Announces $50 Million Equity Commitment

May 14, 2019 ET | Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, May 14, 2019 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading infrastructure construction company with specialized energy and heavy civil expertise, today announced that it has entered into a $50 million equity commitment agreement with a fund … Read moreInfrastructure and Energy Alternatives, Inc. Announces $50 Million Equity Commitment

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COLUMN-China’s ramping up of tariffs on U.S. LNG means nothing, everything: Russell

LNG And LPG Operations At Aqaba Port, Jordan

* GRAPHIC: China imports of U.S. energy: tmsnrt.rs/2DPylwp By Clyde Russell SINGAPORE, May 14 (Reuters) – China’s decision to hike import duties on U.S. liquefied natural gas (LNG) is a move that means very little for the market in the short term, but it has the potential to deliver outsized consequences the longer the levies … Read moreCOLUMN-China’s ramping up of tariffs on U.S. LNG means nothing, everything: Russell

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Oil Rises as Saudi Arabia Reports Drone Attacks on Pump Stations

May 14, 2019, by Grant Smith (Bloomberg) Oil rose as Saudi Arabia reported drone attacks on pumping stations, the latest escalation in Middle East tensions after tankers were hit by sabotage over the weekend. Futures rose 1.2% in New York, reversing Monday’s drop. Unidentified drones attacked two pumping stations belonging to Saudi Aramco, forcing the … Read moreOil Rises as Saudi Arabia Reports Drone Attacks on Pump Stations

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Saudis Halt Oil Pipe After Attack Claimed by Iran-Backed Rebels

May 14, 2019, by Anthony DiPaola and Dana Khraiche (Bloomberg) Saudi Arabia halted its main cross-country oil pipeline after a drone attack damaged pumping stations along the link, a strike claimed by Iran-backed rebels in neighboring Yemeni. Oil prices rose. Saudi Aramco, the world’s biggest oil exporter, said that supplies of crude and products continued … Read moreSaudis Halt Oil Pipe After Attack Claimed by Iran-Backed Rebels

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Five Things to Know in World Business Today

May 14, 2019, by Lorcan Roche Kelly (Bloomberg) “I have a feeling” President Donald Trump said that he feels talks with China “are going to be very successful” as he confirmed he will meet President Xi Jingping at next month’s G-20 summit. His comments came after the U.S. Trade Representative’s office released the list of $300 … Read moreFive Things to Know in World Business Today

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The Real Reason We’re Not Driving Electric Cars: Anjani Trivedi

May 13, 2019, by Anjani Trivedi (Bloomberg Opinion) It seems every major carmaker these days is thinking about electric vehicles in some capacity. At one of the world’s largest auto shows in Shanghai this year, several manufacturers boasted their snazzy concept cars and talked up imminent launches. Electric-vehicle sales are rising fast, and battery installation … Read moreThe Real Reason We’re Not Driving Electric Cars: Anjani Trivedi

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Global energy investment steadies at $1.85 trln after three-year fall -IEA

Energy Industry

* Upstream oil and gas spending rises * Offsets slowing energy efficiency and renewables investment * China still largest energy investment market By Nina Chestney LONDON, May 14 (Reuters) – Global energy investment steadied at nearly $1.85 trillion last year after three years of decline, with slowing energy efficiency and renewables spending offset by increases … Read moreGlobal energy investment steadies at $1.85 trln after three-year fall -IEA

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Oil supply crunch to test OPEC’s spare capacity

LONDON (Reuters) – Oil production capacity could fall to under one percent of global oil demand by the end of the year if OPEC compensates falling production from Iran and Venezuela, leaving oil prices exposed to sharp swings in the event of unplanned outages, analysts say. Spare capacity is the extra oil a producing country … Read moreOil supply crunch to test OPEC’s spare capacity

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U.S. shale output to hit new record of 8.49 million bpd in June: EIA

NEW YORK (Reuters) – U.S. oil output from seven major shale formations is expected to rise by about 83,000 barrels per day (bpd) in June to a fresh peak of about 8.49 million bpd, the U.S. Energy Information Administration said in its monthly drilling productivity report on Monday. One of the largest changes is forecast … Read moreU.S. shale output to hit new record of 8.49 million bpd in June: EIA

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New York mayor threatens to fine Trump Organization over pollution

FILE PHOTO: A plane is seen during take off in New Jersey behind the Statue of Liberty in New York's Harbor as seen from the Brooklyn borough of New York February 20, 2016. REUTERS/Brendan McDermid/File Photo

NEW YORK (Reuters) – New York Mayor Bill de Blasio, who is considering a run for the White House in 2020, on Monday threatened to fine the Trump Organization $2.1 million a year starting in 2030 unless the president’s business reduces emissions from its buildings. “It doesn’t matter who you are, even the president of … Read moreNew York mayor threatens to fine Trump Organization over pollution

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U.S. liquefied natural gas shipments to China face mounting tariffs

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

(Reuters) – China said on Monday it would raise tariffs on liquefied natural gas (LNG) imports from the United States amid a series of additional levies, a move that could further reduce U.S. LNG shipments to the world’s fastest growing importer of the fuel. So far this year, only two LNG vessels have gone from … Read moreU.S. liquefied natural gas shipments to China face mounting tariffs

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Martin Midstream Partners L.P. Reports Service Disruption and Structure Damage at Neches Terminal Location

May 13, 2019 | Source: Martin Midstream Partners L.P. KILGORE, Texas, May 13, 2019 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (Nasdaq:MMLP) (“the Partnership”) announced that an incident occurred at its Neches Terminal in Beaumont, Texas in the early morning on Friday, May 10, 2019 causing structural damage to the terminal’s mobile ship-loader and crane.  There … Read moreMartin Midstream Partners L.P. Reports Service Disruption and Structure Damage at Neches Terminal Location

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SAExploration Announces First Quarter 2019 Unaudited Consolidated Financial Results

May 13, 2019  | Source: SAExploration Holdings, Inc. HOUSTON, May 13, 2019 (GLOBE NEWSWIRE) — SAExploration Holdings, Inc. (NASDAQ: SAEX, OTCQB: SXPLW) today announced its unaudited consolidated financial results for the first quarter (“Q1”) ended March 31, 2019. First Quarter 2019 Summary Revenue of $93.4 million, an increase of 151.6% from $37.1 million in Q1 2018 Gross profit … Read moreSAExploration Announces First Quarter 2019 Unaudited Consolidated Financial Results

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GulfSlope Energy Operations Update

May 13, 2019 Accesswire GulfSlope Provides Update on Drilling at Tau Prospect and Update on Corvette Prospect HOUSTON, TX / ACCESSWIRE / May 13, 2019 / GulfSlope Energy, Inc. (OTCQB: GSPE) (“GulfSlope” or the “Company”) today provided an update on drilling for the GulfSlope Energy Tau Prospect on Ship Shoal Blocks 336 and 351. The well was … Read moreGulfSlope Energy Operations Update

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Oilfield services firm Weatherford to file for Chapter 11 bankruptcy

May 13, 2019 Reuters (Reuters) – Oilfield services provider Weatherford International Plc, burdened by a heavy debt load and years of losses, said on Friday it would file for Chapter 11 bankruptcy protection. The company, which at its peak was valued at more than $50 billion, never recovered from the 2014 oil price collapse. Efforts under … Read moreOilfield services firm Weatherford to file for Chapter 11 bankruptcy

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Iran insists on ramping up oil sales to stay in nuclear pact: sources

LONDON/BRUSSELS (Reuters) – Iran insists on exporting at least 1.5 million barrels per day (bpd) of oil, triple May’s expected levels under U.S. sanctions, as a condition for staying in an international nuclear deal, sources with knowledge of Iran-EU talks said. The figure was communicated in recent meetings between Iranian and Western officials, including Iranian … Read moreIran insists on ramping up oil sales to stay in nuclear pact: sources

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U.S. Energy Department says oil markets well supplied after attack on ships off UAE

WASHINGTON (Reuters) – The U.S. Energy Department said on Monday that global oil markets are well supplied despite the attack on Sunday that damaged four vessels off the UAE coast, two of them oil tankers from Saudi Arabia. “The Department of Energy is aware of efforts to disrupt oil shipping as reported by the governments … Read moreU.S. Energy Department says oil markets well supplied after attack on ships off UAE

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Houston port restrictions could continue all week: official

HOUSTON (Reuters) – The Houston Ship Channel could remain under one-way travel restrictions all week following a collision between a deep-draft ship and a barge that spilled petrochemicals into the waterway, according to a port official. About 9,000 barrels of gasoline spilled into the channel near Bayport, Texas, when a 755-foot (230-m) tanker collided with … Read moreHouston port restrictions could continue all week: official

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Russian oil quality back to normal at Baltic port after contamination

MOSCOW/LONDON (Reuters) – Russia has begun shipping clean oil via the Baltic after a contamination problem disrupted flows for three weeks and it is working to resume supplies by a pipeline to Europe although traders said this might take several more weeks to fix. High levels of organic chloride, used in oil extraction but which … Read moreRussian oil quality back to normal at Baltic port after contamination

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Lonestar Announces First Quarter 2019 Financial Results And Provides Operational Update

May 13, 2019 PR Newswire FORT WORTH, Texas, May 13, 2019 /PRNewswire/ — Lonestar Resources US Inc. (NASDAQ: LONE) (including its subsidiaries, “Lonestar,” “we,” “us,” “our” or the “Company”) today reported financial and operating results for the three months ended March 31, 2019. HIGHLIGHTS Lonestar reported a 46% increase in net oil and gas production to 11,372 BOE/d during … Read moreLonestar Announces First Quarter 2019 Financial Results And Provides Operational Update

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Anadarko Announces LNG Sale and Purchase Agreement with JERA And CPC Corporation, Taiwan

May 12, 2019 PR Newswire HOUSTON, May 13, 2019 /PRNewswire/ — Anadarko Petroleum Corporation (NYSE: APC) today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with JERA Co., Inc. (JERA) and CPC Corporation, Taiwan(CPC). The SPA calls for the delivered ex-ship supply of 1.6 million tonnes per … Read moreAnadarko Announces LNG Sale and Purchase Agreement with JERA And CPC Corporation, Taiwan

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Shell Midstream Partners, L.P. Announces Agreement to Acquire Additional Interests in Explorer and Colonial Pipelines

Houston, May 13, 2019 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P. (NYSE: SHLX) announced today that it has entered into an agreement to acquire Shell’s 25.97% equity interest in Explorer Pipeline Company (Explorer) and 10.125% equity interest in Colonial Pipeline Company (Colonial) for $800 million. The acquisition will increase Shell Midstream Partners’ interest in Explorer … Read moreShell Midstream Partners, L.P. Announces Agreement to Acquire Additional Interests in Explorer and Colonial Pipelines

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Barnwell Industries, Inc. Reports Results for the Second Quarter and Six Months Ended March 31, 2019

HONOLULU, May 13, 2019 (GLOBE NEWSWIRE) — Barnwell Industries, Inc. (NYSE American: BRN) today reported losses of $2,125,000, $0.26 per share, and $6,725,000, $0.81 per share, for the three and six months ended March 31, 2019, respectively, as compared to net earnings of $679,000, $0.08 per share, and a net loss of $338,000, $0.04 per … Read moreBarnwell Industries, Inc. Reports Results for the Second Quarter and Six Months Ended March 31, 2019

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Geothermal balances California’s renewable portfolio

Renewable Energy

May 13, 2019, by V. John White & Nick Goodman (Renewable Energy World) California’s rapid renewable energy expansion has led to a boom in large-scale solar and wind projects and a huge expansion of rooftop solar. As costs have fallen, solar energy has become much less expensive, and utility-scale solar and wind are now less … Read moreGeothermal balances California’s renewable portfolio

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Column: Hedge funds cautious on oil as economic outlook darkens

LONDON (Reuters) – Hedge fund managers have started to turn more bearish on oil as concerns about a slowing global economy and an over-extended price rally outweigh fears about sanctions and supply disruptions. Hedge funds and other money managers were net sellers of 25 million barrels of futures and options in the six major contracts … Read moreColumn: Hedge funds cautious on oil as economic outlook darkens

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Rattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Announces Launch of Initial Public Offering

May 13, 2019 | Source: Rattler Midstream LP MIDLAND, Texas, May 13, 2019 (GLOBE NEWSWIRE) — Rattler Midstream LP (“Rattler”), a subsidiary of Diamondback Energy, Inc. (Nasdaq: FANG) (“Diamondback”), and Diamondback today announced the launch of Rattler’s initial public offering of 33,333,333 common units representing limited partner interests at an anticipated initial offering price between $16.00 and … Read moreRattler Midstream LP, a Subsidiary of Diamondback Energy, Inc., Announces Launch of Initial Public Offering

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The Winner From Trump’s Iran Sanctions? Saudi Arabia: Julian Lee

Riyadh, Saudi Arabia

May 11, 2019, by Julian Lee (Bloomberg Opinion) Saudi Arabia is set to do very nicely from President Donald Trump’s tougher oil sanctions on Iran. The Arab kingdom is poised to raise its own output to meet all requests for oil purchases it has received for June, notably from countries that have had to stop … Read moreThe Winner From Trump’s Iran Sanctions? Saudi Arabia: Julian Lee

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Oil Rises as Middle East Tanker Attacks Add to Political Risks

May 13, 2019, by Sharon Cho and Alex Longley (Bloomberg) Brent crude oil rallied after Saudi Arabia said two of its tankers were attacked on Sunday, adding to the mounting geopolitical risks in the market. Futures in London added as much as 1.9%. Saudi Arabia said two of its oil tankers were affected while sailing … Read moreOil Rises as Middle East Tanker Attacks Add to Political Risks

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Gulf Stocks Are On the Ropes as Iran Tension Adds to Trade Woes

May 13, 2019, by Filipe Pacheco (Bloomberg) Stocks slumped across the Gulf after Saudi Arabia said two oil tankers were damaged in a “sabotage attack” on Sunday, with regional geopolitical tension adding to an already bad day throughout markets. Gauges in Riyadh, Dubai, Abu Dhabi and Doha were among Monday’s biggest losers globally. News of … Read moreGulf Stocks Are On the Ropes as Iran Tension Adds to Trade Woes

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Five Things to Know in World Business Today

May 13, 2019, by Lorcan Roche Kelly (Bloomberg) Weekend hangover Whatever hopes existed for a breakthrough on trade between the U.S. and China were dashed over the weekend as both sides seemed to harden their positions. President Donald Trump doubled-down on his claim that Beijing “broke the deal,” while Chinese state media blamed him for the impasse and … Read moreFive Things to Know in World Business Today

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U.N. modernizes guidance for greenhouse emission estimates

(Reuters) – A United Nations climate change panel updated on Monday guidelines for governments to estimate greenhouse gas emissions so the most up-to-date scientific research is included. Under the 2015 Paris Agreement, governments use common methodologies to measure how many greenhouse emissions they have produced and how many have been removed from the atmosphere. The … Read moreU.N. modernizes guidance for greenhouse emission estimates

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California May Go Dark This Summer, and Most Aren’t Ready

May 13, 2019, by Mark Chediak and Brian Eckhouse (Bloomberg) A plan by California’s biggest utility to cut power on high-wind days during the onrushing wildfire season could plunge millions of residents into darkness. And the vast majority isn’t ready. The plan by PG&E Corp. comes after the bankrupt utility said a transmission line that … Read moreCalifornia May Go Dark This Summer, and Most Aren’t Ready

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Saudi Arabia Says Oil Tankers Attacked as Iranian Tensions Rise

May 13, 2019, by Anthony DiPaola and Abbas Al Lawati (Bloomberg) Saudi Arabia said two of its oil tankers were attacked while sailing toward the Persian Gulf, adding to regional tensions as the U.S. increases pressure on Iran. Crude rose as much as 2%. The tankers were damaged in “a sabotage attack” off the United … Read moreSaudi Arabia Says Oil Tankers Attacked as Iranian Tensions Rise

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Bar rises for shale takeovers as Chevron bows out of Anadarko fight

HOUSTON (Reuters) – Chevron Chief Executive Michael Wirth’s decision to opt out of a bidding war for Anadarko Petroleum Corp has raised the bar for deals, and dampened expectations that oil majors will drive a new wave of consolidation in U.S. shale. Wirth last week ruled out increasing his $33 billion offer for Anadarko after … Read moreBar rises for shale takeovers as Chevron bows out of Anadarko fight

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Occidental CEO Says She’s New to M&A But Deal Wasn’t Desperate

May 11, 2019, by Kevin Crowley and Rachel Adams-Heard (Bloomberg) Occidental Petroleum Corp.’s Vicki Hollub defended her $38 billion pursuit of Anadarko Petroleum Corp. as she and eight other company directors survived a shareholder vote that had turned into a proxy referendum on the deal. Investors won’t get to vote on the Anadarko takeover — … Read moreOccidental CEO Says She’s New to M&A But Deal Wasn’t Desperate

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While Rest of World Dishes Electric Car Perks, U.S. Charges Fees

May 13, 2019, by David R Baker (Bloomberg) The rest of the world is handing out subsidies and incentives to speed up adoption of electric cars. But in nearly half of U.S. states, driving a battery-powered car requires paying additional fees. To date, 24 states have imposed special fees on electric vehicles, according to a … Read moreWhile Rest of World Dishes Electric Car Perks, U.S. Charges Fees

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Houston Ship Channel Reopens After Crash Polluted Air and Water

May 12, 2019, by Joe Carroll and Robert Tuttle (Bloomberg) The Houston Ship Channel reopened to limited traffic on Sunday after a vessel collision dumped almost 400,000 gallons of a gasoline ingredient and choked suburbs of the U.S. city with noxious fumes. A U.S. Coast Guard-led response team has begun the hazardous task of siphoning … Read moreHouston Ship Channel Reopens After Crash Polluted Air and Water

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U.S. oil drillers cut rigs for third week in four: Baker Hughes

(Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for the third time in four weeks even as crude production forecasts increase despite some drillers cutting spending. Drillers cut two oil rigs in the week to May 10, bringing the total count down to 805, General Electric Co’s Baker Hughes … Read moreU.S. oil drillers cut rigs for third week in four: Baker Hughes

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Offshore Technology Conference Celebrates 50th Anniversary with a Focus on the Future

Global Perspectives and Technological Innovation Define 2019 Event Houston, Texas, USA (9 May 2019) – Offshore energy professionals from around the world attended the 2019 Offshore Technology Conference—the 50th anniversary—at NRG Park to gain insights from global experts and colleagues. While speakers challenged ideas about the changing landscape of exploration and production, exhibitors displayed the impact … Read moreOffshore Technology Conference Celebrates 50th Anniversary with a Focus on the Future

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Approach Resources Inc. Reports First Quarter 2019 Results

May 9, 2019 Business Wire FORT WORTH, Texas–(BUSINESS WIRE)–Approach Resources Inc. (NASDAQ: AREX) today reported first quarter 2019 financial and operational results. Financial and operational highlights for first quarter 2019 Production of 906 MBoe or 10.1 MBoe/day Net loss was $16.8 million or $0.18 per diluted share, and adjusted net loss (non-GAAP) was $8.2 million or $0.09 per … Read moreApproach Resources Inc. Reports First Quarter 2019 Results

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Lilis Energy Reports First Quarter 2019 Operating and Financial Results and Provides Second Quarter Guidance

HOUSTON, May 09, 2019 (GLOBE NEWSWIRE) — Lilis Energy, Inc. (NYSE American: LLEX), an exploration and development company operating in the Permian Basin of West Texas and southeastern New Mexico, today reported financial and operating results for the first quarter of 2019. First Quarter 2019 Highlights Increased net sales production volumes by 75% to 6,058 … Read moreLilis Energy Reports First Quarter 2019 Operating and Financial Results and Provides Second Quarter Guidance

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Babcock & Wilcox Enterprises Announces First Quarter 2019 Results

– The Babcock & Wilcox segment increased revenues by 18.5% and adjusted EBITDA by 115% – The SPIG segment returned to profitability and increased adjusted EBITDA by $8 million – Consolidated operating loss was $74.5 million lower, and adjusted EBITDA improved by $72.7 million (BARBERTON, Ohio – May 9, 2019) – Babcock & Wilcox Enterprises, … Read moreBabcock & Wilcox Enterprises Announces First Quarter 2019 Results

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Occidental to Acquire Anadarko

Creates a $100+ Billion Global Energy Leader with 1.3 Million Boe/d of Production to Drive Significant Value and Returns for Occidental and Anadarko Shareholders Expected to Be Accretive to Cash Flow and Free Cash Flow Year-One, and Deliver $3.5 Billion of Free Cash Flow Improvement through $2.0 Billion of Annual Cost Synergies and $1.5 Billion … Read moreOccidental to Acquire Anadarko

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Penn Virginia Reports First Quarter 2019 Results

— Expects to Fund 2019 Two-Rig Program within Cash Flow —  — Company Positioned for Long-Term Free Cash Flow Generation — HOUSTON, May 09, 2019 (GLOBE NEWSWIRE) — Penn Virginia Corporation (“Penn Virginia” or the “Company”) (NASDAQ:PVAC) today announced its financial and operational results for the first quarter 2019. Recent Significant Highlights Produced 24,692 barrels … Read morePenn Virginia Reports First Quarter 2019 Results

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Halcón Resources Announces First Quarter 2019 Results and Provides an Update on Operations and Other Activities

DENVER, May 09, 2019 (GLOBE NEWSWIRE) — Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced its first quarter 2019 results and provided an update on recent well results, operations and other matters. Net production for the three months ended March 31, 2019 averaged 17,089 barrels of oil equivalent per day (Boe/d).  Production was … Read moreHalcón Resources Announces First Quarter 2019 Results and Provides an Update on Operations and Other Activities

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Exxon, Qatar to start construction on Texas Golden Pass LNG export plant

(Reuters) – Exxon Mobil Corp and Qatar Petroleum told the U.S. Federal Energy Regulatory Commission (FERC) on Thursday they would start construction of the $10 billion-plus Golden Pass liquefied natural gas (LNG) export terminal in Texas on May 13: Exxon and Qatar Petroleum made a final investment decision to build the project in February and … Read moreExxon, Qatar to start construction on Texas Golden Pass LNG export plant

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U.S. EPA proposes hike in biofuel mandate to 20.04 billion gallons in 2020: sources

WASHINGTON/NEW YORK (Reuters) – The U.S. Environmental Protection Agency has proposed increasing the volume of biofuels refiners must blend into their fuel annually to 20.04 billion gallons in 2020, from 19.92 billion gallons in 2019, according to two sources familiar with the matter. The proposed mandate, now under review by other government agencies before being … Read moreU.S. EPA proposes hike in biofuel mandate to 20.04 billion gallons in 2020: sources

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U.S., Iran tensions unyielding, Europeans reject Iran ‘ultimatums’ over nuclear deal

BERLIN (Reuters) – European countries said on Thursday they wanted to preserve Iran’s nuclear deal and rejected “ultimatums” from Tehran, after Iran relaxed restrictions on its nuclear program and threatened moves that might breach the 2015 international pact. Iran’s announcement on Wednesday, related to curbs on its stockpiling of nuclear materials, was in response to … Read moreU.S., Iran tensions unyielding, Europeans reject Iran ‘ultimatums’ over nuclear deal

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Royal Dutch Shell to invest $2 billion per year in Brazil: newspaper

Yellow Shell Oil Barrels

SAO PAULO (Reuters) – Royal Dutch Shell PLC has plans to invest about $2 billion per year in Brazil through 2025, Chief Executive Ben van Beurden told newspaper Valor Econômico in an exclusive interview. Its investment plans could be increased to allow the company to bid in three upcoming oil and gas auctions, Valor reported … Read moreRoyal Dutch Shell to invest $2 billion per year in Brazil: newspaper

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Chevron, Breakup Fee in Hand, Could Buy One of These Instead

May 9, 2019, by Rachel Adams-Heard and Kevin Crowley (Bloomberg) Chevron Corp. is taking its $1 billion breakup fee and walking away from the biggest deal in the oil industry in at least four years. But the supermajor may not be done yet. In an interview Thursday, Chief Executive Officer Mike Wirth said the company … Read moreChevron, Breakup Fee in Hand, Could Buy One of These Instead

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Chevron’s Discipline Has Many Useful Outcomes: Liam Denning

Chevron Gas Station

May 9, 2019, by Liam Denning (Bloomberg Opinion) It seems clear now why Anadarko Petroleum Corp. opted to first take Chevron Corp.’s takeover offer a month ago: It suspected Chevron would stick to its guns. When Occidental Petroleum Corp., which prevailed Thursday after Chevron withdrew, first unveiled its own bid, it complained Anadarko’s board had ignored its … Read moreChevron’s Discipline Has Many Useful Outcomes: Liam Denning

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Oil Shrugs Off U.S. Tariff Hike to Climb on Tighter Supply

May 10, 2019, by Saket Sundria and Alex Longley (Bloomberg) Oil pushed higher even after the U.S. went ahead with a planned tariff increase on Chinese goods, as rising tensions in Iran and elsewhere kept the supply outlook tight. Futures in New York erased a gain shortly after the increase in levies but then climbed … Read moreOil Shrugs Off U.S. Tariff Hike to Climb on Tighter Supply

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Five Things to Know in World Business Today

May 10, 2019, by Lorcan Roche Kelly (Bloomberg) Following through As promised, President Donald Trump boosted tariffs on $200 billion of Chinese imports to 25% overnight as the White House seeks to extract trade concessions in the current round of talks in Washington. Observers of those negotiations, which continue today, said that they are not … Read moreFive Things to Know in World Business Today

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Occidental Faces Investors After Anadarko Win Hits Shares

May 10, 2019, by Kevin Crowley, Scott Deveau and Caleb Mutua (Bloomberg) Occidental Petroleum Corp. will hear directly from investors one day after clinching victory in the battle for Anadarko Petroleum Corp. and seeing its shares touch a new 10-year low. The oil company will host its annual general meeting Friday in Houston, including an … Read moreOccidental Faces Investors After Anadarko Win Hits Shares

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Feds revive proposal for new oil, gas drilling in California

LOS ANGELES — The federal government wants to reopen over 1.7 million acres (690,000 hectacres) in California to oil and gas drilling that includes fracking on land that has been off-limits since environmentalists sued in 2013. The Bureau of Land Management issued final plans Thursday for oil and gas leases on 800,000 acres (324,000 hectacres) … Read moreFeds revive proposal for new oil, gas drilling in California

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U.S. refiners’ 2020 plans could shift as heavy fuel becomes expensive

NEW YORK (Reuters) – U.S. refiners had a plan for 2020: use their complex operations to maximize profits by making products that would comply with new international laws capping sulfur content in shipping fuels. But after a series of unexpected market moves, heavy, sour crude oil processed by U.S. refiners has become more expensive, eating … Read moreU.S. refiners’ 2020 plans could shift as heavy fuel becomes expensive

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New York Is Killing Off Its Last Coal Power Plants Standing

May 10, 2019, by Lynn Doan (Bloomberg) New York has adopted a rule that will eventually kill off its last coal-fired power plants standing. The state’s environmental regulator said Thursday that it had passed regulations requiring all power generators to meet new carbon-dioxide emissions limits that coal plants can’t meet. In doing so, the agency … Read moreNew York Is Killing Off Its Last Coal Power Plants Standing

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Northern Oil and Gas, Inc. Announces First Quarter 2019 Results and Increases 2019 Production Guidance

May 9, 2019 Production increased 92% over the prior year, averaging 34,598 barrels of oil equivalent (“Boe”) per day; strong well performance driving an increase in 2019 production guidance with no change to capital spending guidance. Drilling and development capital expenditures totaled $74.0 million, a 5% reduction versus the prior quarter. Cash flow from operations, … Read moreNorthern Oil and Gas, Inc. Announces First Quarter 2019 Results and Increases 2019 Production Guidance

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Jagged Peak Energy Inc. Announces First Quarter 2019 Financial and Operating Results

May 9, 2019 PR Newswire DENVER, May 9, 2019 /PRNewswire/ — Jagged Peak Energy Inc. (NYSE: JAG) (“Jagged Peak” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2019. Jim Kleckner, President and Chief Executive Officer, commented, “Our first quarter results are reflective of the primary focus we have put on … Read moreJagged Peak Energy Inc. Announces First Quarter 2019 Financial and Operating Results

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Rice Team Responds to Letter from EQT Board

May 9, 2019 Business Wire CARNEGIE, Pa.–(BUSINESS WIRE)–Toby Z. Rice and Derek A. Rice (the Rice Team), shareholders of EQT Corporation (NYSE: EQT), today issued the following statement in response to the public letter sent by certain members of EQT’s Board of Directors. “We are pleased that three long-serving directors who have overseen significant value … Read moreRice Team Responds to Letter from EQT Board

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Riviera Resources Reports First-Quarter 2019 Results; Engages Investment Bank to Unlock Blue Mountain Value Through Strategic Alternatives; and Announces Attendance at RBC Capital Markets Global Energy & Power Investor Conference

May 9, 2019 Globe Newswire HOUSTON, May 09, 2019 (GLOBE NEWSWIRE) — Riviera Resources, Inc. (OTCQX: RVRA) (“Riviera” or the “Company”) and its wholly owned subsidiary, Blue Mountain Midstream LLC (“Blue Mountain”) announces financial and operating results for the first quarter 2019 and provides a strategic update. The Company highlights the following accomplishments: Blue Mountain engaged … Read moreRiviera Resources Reports First-Quarter 2019 Results; Engages Investment Bank to Unlock Blue Mountain Value Through Strategic Alternatives; and Announces Attendance at RBC Capital Markets Global Energy & Power Investor Conference

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Cheniere Reports First Quarter 2019 Results and Reconfirms Full Year 2019 Guidance

May 9, 2019 Business Wire HOUSTON–(BUSINESS WIRE)–Cheniere Energy, Inc. (NYSE American: LNG): Summary of First Quarter 2019 Results (in millions, except LNG data) Three Months Ended March 31, 2019 2018 % Change Revenues $ 2,261 $ 2,242 1 % Net income1 $ 141 $ 357 (61 )% Consolidated Adjusted EBITDA2 $ 650 $ 907 (28 )% … Read moreCheniere Reports First Quarter 2019 Results and Reconfirms Full Year 2019 Guidance

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Amplify Energy Announces First Quarter 2019 Results, Midstates Merger Update and Updated 2019 Guidance

May 9, 2019 Globe Newswire HOUSTON, May 09, 2019 (GLOBE NEWSWIRE) — Amplify Energy Corp. (OTCQX: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the first quarter 2019 and updated guidance for the full year 2019. Key Transaction Highlights and Events Announced a proposed combination on May 6, 2019 with Midstates … Read moreAmplify Energy Announces First Quarter 2019 Results, Midstates Merger Update and Updated 2019 Guidance

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Report: Air quality harmed as Texas oil production booms

DALLAS — The production of oil and natural gas in West Texas is booming but it’s coming at a cost to residents who are regularly exposed to unhealthy levels of air pollution, according to a report issued by an environmental group. The Environmental Integrity Project noted in a report released Thursday that the Permian Basin, … Read moreReport: Air quality harmed as Texas oil production booms

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Chevron drops $33 billion pursuit of Anadarko, hands win to Occidental

(Reuters) – Chevron Corp abandoned its pursuit of Anadarko Petroleum Corp on Thursday, outmaneuvered by a higher rival bid of $38 billion that included more than three times as much cash. The decision leaves Occidental Petroleum Corp as the likely victor in a contest that again proved the allure of U.S. shale. Occidental has said … Read moreChevron drops $33 billion pursuit of Anadarko, hands win to Occidental

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This Fracker Finds It Easier to Buy Itself: Liam Denning

May 8, 2019, by Liam Denning (Bloomberg Opinion) What with the drama of the takeover battle for Anadarko Petroleum Corp., just buying back stock in the shale patch can seem humdrum. Judging from the reaction to Diamondback Energy Inc.’s new $2 billion repurchase program, though, investors don’t necessarily see it that way. Diamondback is absorbing … Read moreThis Fracker Finds It Easier to Buy Itself: Liam Denning

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Chesapeake sees growth from less-crowded Wyoming basin in second half

(Reuters) – Oil and gas producer Chesapeake Energy Corp on Wednesday reported better-than-expected quarterly production and said it expects growth in the second half to get a boost from the less-crowded Powder River Basin in Wyoming. Chesapeake has been moving money from its Marcellus Shale and Mid-Continent areas to the oil-rich Powder River Basin, which … Read moreChesapeake sees growth from less-crowded Wyoming basin in second half

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Sanchez Midstream Partners Reports First-Quarter 2019 Financial Results

May 09, 2019 | Source: Sanchez Midstream Partners LP HOUSTON, May 09, 2019 (GLOBE NEWSWIRE) — Sanchez Midstream Partners LP (NYSE American: SNMP) (“SNMP” or the “Partnership”) today reported first-quarter 2019 results.  Highlights from the report include: First-quarter 2019 net loss of $0.4 million, compared to net income of $15.6 million for fourth-quarter 2018 and net … Read moreSanchez Midstream Partners Reports First-Quarter 2019 Financial Results

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EQT nominates three new directors ahead of shareholder vote

(Reuters) – EQT Corp on Wednesday said three long-serving directors will step down from the company’s board, at a time when the oil and gas producer fights a proxy battle with Rice brothers. The company plans to nominate Janet Carrig, James McManus II and Valerie Mitchell to the board, to replace outgoing executives – chairman … Read moreEQT nominates three new directors ahead of shareholder vote

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Vantage Drilling International Reports First Quarter Results for 2019

May 09, 2019 | Source: Vantage Drilling International HOUSTON, May 09, 2019 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) reported a net loss attributable to controlling interest of approximately $47.9 million or $9.58 per share for the three months ended March 31, 2019 as compared to a net loss attributable to controlling interest … Read moreVantage Drilling International Reports First Quarter Results for 2019

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Ultra Petroleum Corp. Announces First Quarter 2019 Results

May 09, 2019  | Source: Ultra Petroleum Corp. ENGLEWOOD, Colo., May 09, 2019 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (NASDAQ: UPL) announces financial and operating results for the quarter ended March 31, 2019. Financial and Operating Highlights: First quarter production averaged 691 million cubic feet equivalent per day (MMcfe/d), above the … Read moreUltra Petroleum Corp. Announces First Quarter 2019 Results

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Chevron, Oxy, Anadarko and Meaning of ‘Winning’: Liam Denning

May 8, 2019, by Liam Denning (Bloomberg Opinion) If there’s one thing Chevron Corp. CEO Mike Wirth ought to do this week, it’s keep his story straight – even if that means letting Occidental Petroleum Corp. take Anadarko Petroleum Corp., by dint of changing its own story out of all recognition. Wirth has until Friday to respond … Read moreChevron, Oxy, Anadarko and Meaning of ‘Winning’: Liam Denning

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Oil Drops as Trump’s Battle With China Offsets Iranian Tensions

FILE PHOTO: A worker walks atop a tanker wagon to check the freight level at an oil terminal on the outskirts of Kolkata, India November 27, 2013. REUTERS/Rupak De Chowdhuri/File Photo

May 9, 2019, by Saket Sundria and Alex Longley (Bloomberg) Oil fell as flaring trade tensions between the world’s two biggest economies overshadowed concerns over supply disruptions from Iran to Venezuela. Futures in New York fell as much as 1.3%, before paring some of those losses, as U.S. President Donald Trump escalated his rhetoric against … Read moreOil Drops as Trump’s Battle With China Offsets Iranian Tensions

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VAALCO Energy, Inc. Announces First Quarter 2019 Results And Plan to Seek Dual Listing of Its Common Stock on the London Stock Exchange

May 8, 2019 Globe Newswire HOUSTON, May 08, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) today reported operational and financial results for the first quarter 2019. Highlights and Recent Key Items: Produced 3,496 barrels of oil per day (“BOPD”) net during the first quarter of 2019 which was reduced by approximately 200 BOPD … Read moreVAALCO Energy, Inc. Announces First Quarter 2019 Results And Plan to Seek Dual Listing of Its Common Stock on the London Stock Exchange

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Berry Petroleum Reports First Quarter 2019 Results; Announces Quarterly Dividend

May 8, 2019 Globe Newswire DALLAS, May 08, 2019 (GLOBE NEWSWIRE) — Berry Petroleum Corporation (NASDAQ: BRY) (“Berry” or the “Company”) today reported a net loss of $34 million or $0.42 per diluted share and adjusted net income of $24 million or $0.30 per diluted share for the first quarter of 2019. In addition, the Board … Read moreBerry Petroleum Reports First Quarter 2019 Results; Announces Quarterly Dividend

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Bonanza Creek Energy Announces First Quarter 2019 Financial Results and Operational Update

May 8, 2019 Globe Newswire DENVER, May 08, 2019 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE: BCEI) (the “Company” or “Bonanza Creek”) today announced its first quarter 2019 financial results and operating outlook and has posted an updated investor presentation on its corporate website. Highlights of the first quarter 2019 include: First quarter 2019 sales … Read moreBonanza Creek Energy Announces First Quarter 2019 Financial Results and Operational Update

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Five Things to Know in World Business Today

May 9, 2019, by Lorcan Roche Kelly (Bloomberg) Hard ball President Donald Trump declared that Beijing had “broke the deal” the U.S. was negotiating with the world’s second-largest economy. A Chinese spokesperson disputed the president’s characterization of events, saying that the country “honors its word.” A delegation from the Asian nation led by top negotiator … Read moreFive Things to Know in World Business Today

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Contango Announces First Quarter 2019 Financial Results and Provides Operational Update

May 8, 2019 Globe Newswire HOUSTON, May 08, 2019 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today its financial results for the first quarter ended March 31, 2019 and provided an operational update. First Quarter Highlights Production of 3.2 Bcfe for the quarter, or 35.9 Mmcfed, within … Read moreContango Announces First Quarter 2019 Financial Results and Provides Operational Update

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Chaparral Energy Announces First Quarter 2019 Financial and Operational Results

May 8, 2019 Globe Newswire OKLAHOMA CITY, May 08, 2019 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. (NYSE: CHAP) announced today its first quarter 2019 financial and operational results. The company will hold its quarterly earnings call Thursday morning, May 9 at 9 a.m. Central. Recent Highlights Achieved first quarter 2019 total company production of 20.8 thousand … Read moreChaparral Energy Announces First Quarter 2019 Financial and Operational Results

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New Google-supported project will measure and publicize carbon-emission data from every power plant in the world

May 8, 2019, by Jennifer Runyon (Renewable Energy World) Tuesday brings a somewhat mind-blowing announcement in the world of power plants and pollution. In a nutshell: A nonprofit artificial intelligence firm called WattTime is going to use satellite imagery to precisely track the air pollution (including carbon emissions) coming out of every single power plant … Read moreNew Google-supported project will measure and publicize carbon-emission data from every power plant in the world

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Cimarex Reports First Quarter 2019 Results

May 8, 2019 PR Newswire DENVER, May 8, 2019 /PRNewswire/ — Resolute acquisition closed Daily production averaged 258.9 MBOE; oil production averaged 79,415 barrels per day 2Q oil production expected to be up 4% sequentially at the midpoint of guidance Oil production expected to grow 18-30% year over year 2019 capital guidance unchanged Cimarex Energy Co. (NYSE: XEC) … Read moreCimarex Reports First Quarter 2019 Results

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Ring Energy, Inc. Announces Financial and Operating Results for First Quarter 2019

May 8, 2019 Business Wire Financial and Operating Results Include Assets Acquired From Wishbone Energy Partners As Of 2/1/19 MIDLAND, Texas–(BUSINESS WIRE)–Ring Energy, Inc. (NYSE American: REI) (“Ring”)(“Company”) announced today financial results for the first quarter ended March 31, 2019. For the three month period ended March 31, 2019, Ring, including the acquired assets from Wishbone … Read moreRing Energy, Inc. Announces Financial and Operating Results for First Quarter 2019

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SandRidge Energy, Inc. Reports Financial and Operational Results for First Quarter 2019

May 8, 2019 PR Newswire OKLAHOMA CITY, May 8, 2019 /PRNewswire/ — SandRidge Energy, Inc. (the “Company” or “SandRidge”) (NYSE:SD) today announced financial and operational results for the quarter ended March 31, 2019. Highlights during the first quarter Production of 3.2 MMBoe, a 4% increase from fourth quarter G&A decreased 27% and Adjusted G&A decreased 17% year-over-year Net loss of $5 … Read moreSandRidge Energy, Inc. Reports Financial and Operational Results for First Quarter 2019

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Chaparral Energy Announces First Quarter 2019 Financial and Operational Results

May 8, 2019 Globe Newswire OKLAHOMA CITY, May 08, 2019 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. (NYSE: CHAP) announced today its first quarter 2019 financial and operational results. The company will hold its quarterly earnings call Thursday morning, May 9 at 9 a.m. Central. Recent Highlights Achieved first quarter 2019 total company production of 20.8 thousand … Read moreChaparral Energy Announces First Quarter 2019 Financial and Operational Results

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LA is next city to announce 100 percent renewable energy goals

May 8, 2019, by Rod Watson (Renewable Energy World) The city of Los Angeles is following the same clean energy direction that its home state and some neighboring cities are taking by declaring an intent to power all of its municipal activities with carbon-free sources by 2050. Los Angeles Mayor Eric Garcetti detailed the city’s … Read moreLA is next city to announce 100 percent renewable energy goals

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Exxon CEO Sees Laboratory Experiment Unlocking Key to Carbon

May 8, 2019, by Kevin Crowley (Bloomberg) For Darren Woods, Exxon Mobil Corp.’s chief executive officer, the answer to climate change won’t be found in solar panels or high-profile global accords, but rather in a U.S. government laboratory. At a time when environmentalists want Exxon to leave more oil and gas in the ground, Woods … Read moreExxon CEO Sees Laboratory Experiment Unlocking Key to Carbon

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Washington becomes fifth state in the US to aim for 100 percent clean energy

US Whitehouse

May 8, 2019, by Renewable Energy World Editors This week in Seattle, Washington, Senate Bill 5116 was signed into law in by Governor Jay Inslee after passing the state legislature earlier this month. This bill cuts out coal power by 2025 and requires an equitable transition to 100 percent clean electricity for the entire state … Read moreWashington becomes fifth state in the US to aim for 100 percent clean energy

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New Colorado environmental law stalls oil investment

(Reuters) – New environmental regulations in Colorado have chilled investment in the state’s oil and gas fields as companies grapple with how local officials will respond to a law giving them more power to restrict energy production. Colorado now ranks fifth among U.S. states in oil production at about 500,000 barrels per day (bpd), up … Read moreNew Colorado environmental law stalls oil investment

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U.S. solar hits 2 million installations, will double in four years

(Reuters) – There are now more than 2 million solar installations in the United States, a milestone reached just three years after hitting the 1 million mark, an industry trade group said on Thursday. U.S. solar installations now produce enough electricity to power more than 12 million homes, the Solar Energy Industries Association said in … Read moreU.S. solar hits 2 million installations, will double in four years

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Anadarko Is Said to Seek Chevron Bid at Least Matching Rival

May 9, 2019, by Rachel Adams-Heard and Kevin Crowley (Bloomberg) Anadarko Petroleum Corp. is looking for a revised takeover offer from Chevron Corp. that matches or exceeds the $38 billion proposal from Occidental Petroleum Corp., according to people familiar with the matter who asked not to be named because the information isn’t public. The board … Read moreAnadarko Is Said to Seek Chevron Bid at Least Matching Rival

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South Dakota governor, Oglala Sioux in protests standoff

TranCanada Keystone XL Pipeline sign

BISMARCK, N.D. — The Oglala Sioux and South Dakota Gov. Kristi Noem are each waiting for the other side to make a move to resolve a disagreement over anti-protest legislation that led to the tribe banning the governor from one of the largest reservations in the country. The legislation aims to prevent costly and disruptive … Read moreSouth Dakota governor, Oglala Sioux in protests standoff

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US raises forecast for summer gasoline prices

Gasoline for that summer road trip will cost a bit more than experts in the federal government were expecting just a month ago. The government is also predicting higher prices for crude oil despite an increase in U.S. production. That’s because global demand is rising faster than previously expected. The Energy Information Administration on Tuesday … Read moreUS raises forecast for summer gasoline prices

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ExxonMobil to Invest Up to $100 Million on Lower-Emissions R&D with U.S. National Labs

Ten-year agreement with National Renewable Energy Laboratory and National Energy Technology Laboratory Collaborative research to bring lower-emissions technologies to commercial scale Potential projects include biofuels, carbon capture and storage and life cycle analysis IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said today it will invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies … Read moreExxonMobil to Invest Up to $100 Million on Lower-Emissions R&D with U.S. National Labs

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Occidental seen as a rare victory for hedge funds tracking corporate jets

(Reuters) – Hedge funds paying upward of $100,000 per year to track the flights of corporate jets were vindicated when Occidental Petroleum Corp announced two deals last week that matched locations the U.S. oil and gas company’s private plane had recently visited. Yet Occidental’s example may represent the exception rather than the rule. Tracking corporate … Read moreOccidental seen as a rare victory for hedge funds tracking corporate jets

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Chesapeake Energy net loss widens on weaker output, lower crude prices

May 8 (Reuters) – Oil and gas producer Chesapeake Energy Corp said on Wednesday its first-quarter net loss widened, hit by a fall in production and lower crude prices. Average sales price for oil fell 10.5 percent to $57.80 per barrel in the quarter, the company said, offsetting benefits of higher oil output from the … Read moreChesapeake Energy net loss widens on weaker output, lower crude prices

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Marathon Petroleum to merge midstream units, posts surprise loss

Marathon Petroleum Corp. Gas Station

(Reuters) – U.S. oil refiner Marathon Petroleum Corp said on Wednesday it would merge its midstream units in a $9 billion deal, and posted a surprise first-quarter loss due to higher prices of Canadian crude. The refiner said in October it planned to assess options for the two master limited partnerships, MPLX and Andeavor Logistics … Read moreMarathon Petroleum to merge midstream units, posts surprise loss

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Sanchez Energy Reports First-Quarter 2019 Financial and Operating Results

May 08, 2019 | Source: Sanchez Energy Corporation HOUSTON, May 08, 2019 (GLOBE NEWSWIRE) — Sanchez Energy Corporation (OTC Pink: SNEC) today reported financial and operating results for first-quarter 2019.  A summary of the report follows: Production of 76,267 barrels of oil equivalent per day (Boe/d), or 6.9 million barrels of oil equivalent (MMBoe), a decrease of … Read moreSanchez Energy Reports First-Quarter 2019 Financial and Operating Results

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Vertex Energy, Inc. Announces First Quarter 2019 Results

May 08, 2019 07:00 ET | Source: Vertex Companies –TTM 1Q19 Adjusted EBITDA of $6.5 million vs. $2.1 million TTM 1Q18– –Total Direct UMO Collections Increased 18% Y/Y in 1Q19– –Material Improvement in Product Spreads During April 2019 vs. 1Q19 Levels– HOUSTON, May 08, 2019 (GLOBE NEWSWIRE) — Vertex Energy, Inc. (NASDAQ: VTNR, “Vertex” or the “Company”), a … Read moreVertex Energy, Inc. Announces First Quarter 2019 Results

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Five Things to Know in World Business Today

May 8, 2019, by Lorcan Roche Kelly (Bloomberg) 60 days Iran said it will resume uranium enrichment beyond limits agreed under the 2015 nuclear deal in 60 days if European signatories to the agreement fail to find a way for the country to continue to sell oil and trade with the world. The move comes … Read moreFive Things to Know in World Business Today

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Oil Slips Near Five-Week Low as Trade Angst Counters Supply Risk

May 8, 2019 by Saket Sundria and Alex Longley (Bloomberg) Oil traded near a five-week low as concern over supply losses from Iran to Russia were offset by high American stockpiles and fears that if U.S.-China trade talks fail it could dent global demand. Futures erased earlier gains to fall as much as 0.5 percent … Read moreOil Slips Near Five-Week Low as Trade Angst Counters Supply Risk

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Shale producer Pioneer Natural Resources to cut executive ranks

HOUSTON (Reuters) – Pioneer Natural Resources said on Tuesday it has asked nearly a third of its executives to leave their jobs as the U.S. shale producer continues to trim costs and considers selling more assets. The company expects to save $100 million annually with the job cuts and a new organizational structure, Chief Executive … Read moreShale producer Pioneer Natural Resources to cut executive ranks

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IEA alarmed as new renewables capacity stalls

May 7, 2019, by Kevin Ross (Renewable Energy World) Last year was the first time since 2001 that growth in renewable power capacity failed to increase year on year. Statistics from International Energy Agency (IEA) reveal that new net capacity from solar PV, wind, hydropower, bioenergy and other renewable sources increased by about 180 GW in 2018 – … Read moreIEA alarmed as new renewables capacity stalls

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Adnoc, Exxon eye new deals as $30bn UAE project progresses

May 7, 2019, by Sam Bridge (Arabian Business World) Abu Dhabi National Oil Company is exploring new opportunities with Exxon Mobil Corporation as work continues on a joint project in the UAE. Abu Dhabi National Oil Company (Adnoc) is exploring new opportunities with Exxon Mobil Corporation as work continues on a $30 billion joint project … Read moreAdnoc, Exxon eye new deals as $30bn UAE project progresses

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Montage Resources Corporation Announces Exceptional First Quarter 2019 Results Driven by Superior Operational Execution, Updates Full Year 2019 Guidance for Increased Production and Enhanced Cash Margins, and Obtains Borrowing Base Increase of 7%

May 7, 2019 Business Wire IRVING, Texas–(BUSINESS WIRE)–Montage Resources Corporation (NYSE:MR) (the “Company” or “Montage Resources”) today announced its first quarter 2019 financial and operational results along with second quarter 2019 and revised full year 2019 guidance. Financial and operational results for the first quarter 2019 include the impact of the merger with Blue Ridge Mountain … Read moreMontage Resources Corporation Announces Exceptional First Quarter 2019 Results Driven by Superior Operational Execution, Updates Full Year 2019 Guidance for Increased Production and Enhanced Cash Margins, and Obtains Borrowing Base Increase of 7%

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Plains All American Pipeline, L.P. and Plains GP Holdings Report First-Quarter 2019 Results

May 7, 2019 Business Wire HOUSTON–(BUSINESS WIRE)–Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today reported first-quarter 2019 results. First-Quarter Highlights Delivered 1Q19 financial and operating results ahead of expectations Completed August 2017 deleveraging plan; updated financial policy and targeted metrics; increased annual distribution Increased 2019 Adjusted EBITDA guidance Executing Permian-focused … Read morePlains All American Pipeline, L.P. and Plains GP Holdings Report First-Quarter 2019 Results

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EIA raises forecast for 2019, 2020 U.S. crude output growth

NEW YORK (Reuters) – U.S. crude oil production is expected to rise by 1.49 million barrels per day (bpd) in 2019 to average 12.45 million bpd, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.43 million bpd. The EIA forecast output in 2020 will rise … Read moreEIA raises forecast for 2019, 2020 U.S. crude output growth

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Chevron Would Join Billion-Dollar Break-Fee Club by Walking Away

May 7, 2019, by Caleb Mutua (Bloomberg) With Anadarko Petroleum Corp. embracing a rival takeover offer, Chevron Corp. now has until May 10 to mull its next step. If it decides to walk away, the oil major will have the consolation of a $1 billion breakup fee. The payout, agreed to as part of an … Read moreChevron Would Join Billion-Dollar Break-Fee Club by Walking Away

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