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Forget Tesla, It’s China’s E-Buses That Are Denting Oil Demand

Mar 19, 2019 by Alaric Nightingale (Bloomberg) The oil industry needn’t be too concerned — for now — about how Tesla Inc.’s electric cars are denting demand. China and its bus fleet could be more of a worry. By the end of this year, a cumulative 270,000 barrels a day of diesel demand will have … Read moreForget Tesla, It’s China’s E-Buses That Are Denting Oil Demand

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Denbury and Penn Virginia Announce Deadline for Election of Form of Merger Consideration

PLANO and HOUSTON, Texas, March 19, 2019 (GLOBE NEWSWIRE) — Denbury Resources Inc. (NYSE: DNR) (“Denbury”) and Penn Virginia Corporation (NASDAQ: PVAC) (“Penn Virginia”) jointly announced today that, in connection with Denbury’s pending acquisition of Penn Virginia, April 16, 2019 at 5:00 p.m. Eastern Time is the election deadline for record holders of shares of … Read moreDenbury and Penn Virginia Announce Deadline for Election of Form of Merger Consideration

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Contango Announces Fourth Quarter and Full Year 2018 Financial Results

HOUSTON, March 18, 2019 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today its financial results for the fourth quarter and year ended December 31, 2018. Fourth Quarter 2018 Highlights Production of 3.7 Bcfe for the quarter (39.8 Mmcfed, 42% liquids); within previously provided guidance, despite late … Read moreContango Announces Fourth Quarter and Full Year 2018 Financial Results

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Williams and Canada Pension Plan Investment Board to Form a US$3.8 Billion Strategic Joint Venture Partnership in the Marcellus/Utica Basins

March 18, 2019 Business Wire Strategic partnership between Williams and CPPIB to support ongoing growth and Northeast region optimization Williams consolidates 100% interest in Utica East Ohio Midstream (“UEO”) and assumes operatorship Williams expects to receive approximately $1.34 billion in exchange for a 35% interest in a combined UEO-Ohio Valley Midstream (“OVM”) joint venture, providing Williams … Read moreWilliams and Canada Pension Plan Investment Board to Form a US$3.8 Billion Strategic Joint Venture Partnership in the Marcellus/Utica Basins

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Legacy Reserves Inc. Announces Fourth Quarter and Annual 2018 Results; Proved Reserves; 2019 Capital Budget; Credit Agreement Update and Strategic Alternatives; Director Transition

March 18, 2019 PR Newswire MIDLAND, Texas, March 18, 2019 /PRNewswire/ — Legacy Reserves Inc. (“Legacy”) (NASDAQ: LGCY) today announced the 2018 fourth quarter and year-end results. These results are subject to the completion of audited financial statements to be filed within our forthcoming Form 10-K. Highlights since the third quarter 2018 include: Generated quarterly oil … Read moreLegacy Reserves Inc. Announces Fourth Quarter and Annual 2018 Results; Proved Reserves; 2019 Capital Budget; Credit Agreement Update and Strategic Alternatives; Director Transition

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Approach Resources Inc. Reports Fourth Quarter and Full-Year 2018 Financial and Operating Results

March 18, 2019 Business Wire FORT WORTH, Texas–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/approachresources?src=hash” target=”_blank”gt;#approachresourceslt;/agt;–Approach Resources Inc. (NASDAQ: AREX) today reported financial and operational results for the fourth quarter and full-year 2018, estimated year-end 2018 proved reserves and provided an update on its efforts to pursue deleveraging alternatives. Fourth Quarter 2018 Highlights Fourth quarter production of 963 MBoe or 10.5 MBoe/d Net … Read moreApproach Resources Inc. Reports Fourth Quarter and Full-Year 2018 Financial and Operating Results

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Contango Announces Fourth Quarter and Full Year 2018 Financial Results

March 18, 2019 Globe Newswire HOUSTON, March 18, 2019 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today its financial results for the fourth quarter and year ended December 31, 2018. Fourth Quarter 2018 Highlights Production of 3.7 Bcfe for the quarter (39.8 Mmcfed, 42% liquids); within previously … Read moreContango Announces Fourth Quarter and Full Year 2018 Financial Results

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BP Hopes Young Recruits Can Make Oil Cool in Era of Big Tech

Mar 18, 2019, by Kelly Gilblom (Bloomberg) Every few weeks, in a glass-walled office with a picture of an oil platform filling the east side, an unusual conversation takes place. Bernard Looney, the 48-year-old who controls BP Plc’s massive oil and gas production, sits down with a 26-year-old petrophysicist, Connor Tann, to get answers to a … Read moreBP Hopes Young Recruits Can Make Oil Cool in Era of Big Tech

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OPEC’s Missing Meeting Shows Strain in Saudi-Russia Alliance

Mar 19, 2019, by Grant Smith, Salma El Wardany, Dina Khrennikova and Annmarie Hordern (Bloomberg) The partnership at the heart of the OPEC+ alliance showed further signs of strain after Russia pressured the Saudi-led group to delay a decision on the future of their production cuts. The unusual recommendation to cancel next month’s scheduled meeting … Read moreOPEC’s Missing Meeting Shows Strain in Saudi-Russia Alliance

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Oil Rises After OPEC+ Reaffirms Commitment to Production Cuts

Mar 19, 2019, by Tsuyoshi Inajima and Alex Longley (Bloomberg) Oil in New York rose to the highest level this year after OPEC and its partners agreed to go beyond their pledged supply curbs in the coming months. Futures gained as much as 0.7 percent after advancing 1 percent on Monday. A committee of the … Read moreOil Rises After OPEC+ Reaffirms Commitment to Production Cuts

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Five Things to know in World Business Today

Mar 19, 2019, by Lorcan Roche Kelly (Bloomberg) Oil holds Crude held near the highest level this year after OPEC and its partners committed to continue production cuts until at least June. A barrel of West Texas Intermediate for April delivery was trading at $59.30 at 5:50 a.m. Eastern Time. There’s a lot going on in the … Read moreFive Things to know in World Business Today

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Mexico invites three U.S. companies, foreign firms to bid on new refinery

MEXICO CITY (Reuters) – Mexico invited a host of international firms, including three U.S. companies, to bid on the construction of an $8 billion oil refinery, officials said on Monday, as President Andres Manuel Lopez Obrador seeks to fast-track one of his signature projects. The facility would be owned by Mexico’s national oil company, Pemex, … Read moreMexico invites three U.S. companies, foreign firms to bid on new refinery

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Ship owners worry about clean fuel bill as ports ban ‘scrubbers’

LONDON (Reuters) – More ports around the world are banning ships from using a fuel cleaning system that pumps wastewater into the sea, one of the cheapest options for meeting new environmental shipping rules. The growing number of destinations imposing stricter regulations than those set by the International Maritime Organization (IMO) are expected to be … Read moreShip owners worry about clean fuel bill as ports ban ‘scrubbers’

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How Much Oil Is Displaced by Electric Vehicles? Not Much, So Far

Mar 19, 2019, by Dan Murtaugh (Bloomberg) Electric vehicles are taking ever-bigger bites out of global oil demand, but they haven’t yet caught up with the growing size of the pie. Gasoline and diesel displacement by electric vehicles will grow by 96,000 barrels a day this year, BloombergNEF said in a report Tuesday. That brings … Read moreHow Much Oil Is Displaced by Electric Vehicles? Not Much, So Far

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Houston Chemical Blaze Intensifies After Loss of Water Pressure

Mar 19, 2019, by Simon Casey, Kevin Crowley and Jack Kaskey (Bloomberg) A fire at a petrochemical storage facility that’s covered Houston in a thick pall of smoke for the past two days intensified overnight after firefighters briefly lost water pressure. Two additional storage tanks are ablaze, bringing the total to eight, Intercontinental Terminals Co., … Read moreHouston Chemical Blaze Intensifies After Loss of Water Pressure

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Hollywood Provides More Jobs Than Commodities, Energy Industries

Mar 18, 2019, by Anousha Sakoui (Bloomberg) The U.S. television and film industry has become a bigger employer than commodities and energy, according to an analysis by the Motion Picture Association of America. The production and distribution of TV shows and movies directly employ more people in 34 states than the combined total from the … Read moreHollywood Provides More Jobs Than Commodities, Energy Industries

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Massive fire at Houston petrochemical storage terminal may last two more days

HOUSTON (Reuters) – A massive fire at a fuels storage company along the Houston Ship Channel may burn for two more days, an official said on Monday as the blaze spread a plume of black smoke across the city, shutting schools in two nearby communities. The fire began Sunday morning in a giant storage tank … Read moreMassive fire at Houston petrochemical storage terminal may last two more days

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Polvo Powdered Emulsifier can save you on handling time & logistic costs for your next drilling project – Di-Corp

With the current trend of drilling with Oil Based Mud, there is always a demand for innovative products that can withstand harsh Canadian winters and deliver on performance in the field.  Di-Corp has partnered with Gumpro to meet these challenges. With extensive laboratory research and development to create a low pour point product, Gumpro has … Read morePolvo Powdered Emulsifier can save you on handling time & logistic costs for your next drilling project – Di-Corp

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Texas LNG Receives United States Federal Energy Regulatory Commission Final Environmental Impact Statement

Houston, Texas, USA, March 17, 2019 (GLOBE NEWSWIRE) — The United States Federal Energy Regulatory Commission (“FERC”) has issued the Final Environmental Impact Statement (“FEIS”) for Texas LNG Brownsville LLC’s (“Texas LNG Brownsville”) proposed 2 train, 4 million tonnes per annum (“MTA”) LNG export facility located in the Port of Brownsville, Texas (the “Project”). The … Read moreTexas LNG Receives United States Federal Energy Regulatory Commission Final Environmental Impact Statement

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Tesla Has a New Rival in Its Quest to Make Solar Rooftops Happen

Tesla Solar Panels

Mar 18, 2019, by Brian Eckhouse (Bloomberg) Elon Musk recently declared 2019 as the “year of the solar roof.” The Tesla Inc. chief executive officer may be right — but not in the way he’s expecting. While the automaker tries to ramp up production of its textured glass, solar cell-embedded rooftop tiles, another group of … Read moreTesla Has a New Rival in Its Quest to Make Solar Rooftops Happen

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The Shaky Six Cloud the Future for OPEC Oil Cuts: Julian Lee

Mar 17, 2019, by Julian Lee (Bloomberg Opinion) Meet the exclusive group of oil producers that nobody wants to join. Algeria’s deepening political crisis has made its future oil production extremely uncertain. So, ignominiously, it is now the latest OPEC member to have become so vulnerable that it forms part of the “Shaky Six” group of … Read moreThe Shaky Six Cloud the Future for OPEC Oil Cuts: Julian Lee

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OPEC+ Affirms Commitment to Oil Cuts, Defers Decision to Extend

OPEC Flag

Mar 18, 2019, by Dina Khrennikova, Zulfugar Agayev and Annmarie Hordern (Bloomberg) Saudi Arabia led fellow members of the OPEC+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most influential members in the 24-nation alliance, which … Read moreOPEC+ Affirms Commitment to Oil Cuts, Defers Decision to Extend

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Oil Slips as OPEC+ Defers Decision on Production Cuts to June

Mar 18, 2019, by Tsuyoshi Inajima and Alex Longley (Bloomberg) Oil slipped from near a four-month high as OPEC and its allies met in Azerbaijan Monday and recommended deferring a decision on whether to extend oil production cuts until June. Futures in New York fell as much as 0.8 percent after Saudi Arabia’s Energy Minister … Read moreOil Slips as OPEC+ Defers Decision on Production Cuts to June

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Five Things to Know in World Business Today

Mar 18, 2019, by Samuel Potter (Bloomberg) Boeing scrutiny Shares of Boeing Co. are once again trading lower in the pre-market following a slew of headlines over the weekend. Ethiopia’s transport minister said flight-data recorders show “clear similarities” between the crashes of Ethiopian Airlines Flight 302 on March 10 and Lion Air Flight 610 last October. A person familiar with the 737 … Read moreFive Things to Know in World Business Today

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N.C. bill aims to expand ‘free market’ for electric vehicle charging stations

March 18, 2018, by Elizabeth Ouzts (Renewable Energy World) Letting charging stations collect more predictable fees would spur private investment in electric vehicle infrastructure, proponents say. Hook up your RV at a North Carolina campground or charge your boat at a marina, and you’ll pay for the electricity you consume. Plug in your electric car … Read moreN.C. bill aims to expand ‘free market’ for electric vehicle charging stations

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Carrizo Oil Is Said to Weigh Deal With Rival Explorer SM Energy

Mar 17, 2019, by Kiel Porter (Bloomberg) Carrizo Oil & Gas Inc. is weighing a tie-up with U.S. energy explorer SM Energy Co., according to people familiar with the matter. Carrizo has held early-stage discussions with SM about a potential combination, the people said, asking not to not be identified because the information is private. … Read moreCarrizo Oil Is Said to Weigh Deal With Rival Explorer SM Energy

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Oil Refiners’ Next Boom Is Revealed in What They’re Not Doing

Philadelphia Refinery

Mar 17, 2019, by Bill Lehane and Barbara Powell (Bloomberg) Oil refiners are getting ready for a boom. The plants in Europe and the U.S. are scaling back planned maintenance later this year in anticipation of a surge in demand and fatter margins as the shipping industry gets ready for a historic fuel switch. Analysts … Read moreOil Refiners’ Next Boom Is Revealed in What They’re Not Doing

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Osprey Informatics will be at the West Texas Oil and Gas Convention Horseshoe Pavilion, Midland Tx. March 28-29 – Booth 222

Osprey Logo - December 2018 Update Feature

Please come visit us at booth 222, where we will be showing how our computer vision platform Osprey Reach can mitigate risk, increase productivity, ensure compliance, cut costs and protect the environment. We look forward to seeing you! About Osprey Informatics Osprey’s intelligent visual monitoring platform, Osprey Reach, empowers oil and gas companies to reduce … Read moreOsprey Informatics will be at the West Texas Oil and Gas Convention Horseshoe Pavilion, Midland Tx. March 28-29 – Booth 222

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INSIGHT-All the world a stage: Rising U.S. oil clout on show in Houston

By Ron Bousso and David Gaffen HOUSTON, March 15 (Reuters) – A glance at the attendee list at one of the world’s largest energy industry events in Houston last week left little question about the growing influence of the United States over global oil politics. Present: top U.S. diplomat Mike Pompeo. Absent: leading Saudi and … Read moreINSIGHT-All the world a stage: Rising U.S. oil clout on show in Houston

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Two people hurt in Los Angeles gasoline tanker blast

(Reuters) – A leaky gasoline tanker exploded in south Los Angeles on Sunday, injuring two people and sending at least one manhole cover flying into the air and flames shooting out of a storm drain to threaten nearby buildings. A plume of thick black smoke rose into the sky over 216 West Slauson Avenue in … Read moreTwo people hurt in Los Angeles gasoline tanker blast

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U.S. Interior official suggests Trump drilling proposal will include Atlantic: recording

Florida Beach

(Reuters) – The Trump administration is likely to open up portions of the Atlantic to oil and gas drilling despite opposition from East Coast states, a U.S. Interior Department official suggested in remarks at a recent energy industry conference, a recording of which was reviewed by Reuters. The comments come as the administration of President … Read moreU.S. Interior official suggests Trump drilling proposal will include Atlantic: recording

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Iran’s oil minister blames U.S. for market tensions

(Reuters) – Iranian Oil Minister Bijan Zanganeh said on Saturday frequent U.S. comments about oil prices had created market tensions, the ministry’s news website SHANA reported. U.S. President Donald Trump, who has made the U.S. economy one of his top issues, has repeatedly tweeted about oil prices and the Organization of the Petroleum Producing Countries. … Read moreIran’s oil minister blames U.S. for market tensions

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OPEC’s Barkindo says rebound in oil investments ‘very minimal’

BAKU (Reuters) – The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said. Barkindo was talking to Reuters and an Azeri TV station Real on the sidelines of an OPEC and non-OPEC monitoring committee, which is meeting … Read moreOPEC’s Barkindo says rebound in oil investments ‘very minimal’

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Saudis Say OPEC+ Will Do What’s Needed to Keep Market Balanced

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

Mar 17, 2019, by Grant Smith, Salma El Wardany and Dina Khrennikova (Bloomberg) OPEC and its allies have much work to do to balance global oil markets and are prepared to do what’s necessary in the second half, Saudi Energy Minister Khalid Al-Falih said. The 24-nation coalition known as OPEC+ needs to “stay the course” … Read moreSaudis Say OPEC+ Will Do What’s Needed to Keep Market Balanced

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Fires Hit Exxon, Phillips 66 Refineries in Texas, California

Mar 16, 2019, by David Marino and Barbara Powell (Bloomberg) The third-biggest refinery in the U.S. suffered a fire Saturday near Houston, hours after a Los Angeles plant was partially shut by a blaze, potentially boosting gasoline prices from Texas to California. Exxon Mobil Corp.’s Baytown, Texas, refinery was fighting a furnace fire at a … Read moreFires Hit Exxon, Phillips 66 Refineries in Texas, California

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Exxon Delays $1.9 Billion Canada Project Amid Oil-Sands Woes

 Mar 15, 2019 by Kevin Orland (Bloomberg) Exxon Mobil Corp. is delaying a C$2.6 billion ($1.9 billion) oil-sands project in Canada by at least a year as the nation’s energy industry grapples with a shortage of pipeline space and government-mandated production cuts. Exxon’s Canadian subsidiary, Imperial Oil Ltd., had originally planned to bring the 75,000-barrel-a-day … Read moreExxon Delays $1.9 Billion Canada Project Amid Oil-Sands Woes

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Oil Closes Near 4-Month High After Second Straight Weekly Gain

Mar 15, 2019 by Ben Foldy and Simon Casey (Bloomberg) Oil gained for a second straight week as OPEC assured traders it’s committed to culling supplies ahead of a key meeting with allies in Azerbaijan this weekend. Futures advanced 4.4 percent this week in New York and settled Friday just pennies off a four-month high. … Read moreOil Closes Near 4-Month High After Second Straight Weekly Gain

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U.S. oil rig count falls to lowest since April 2018: Baker Hughes

(Reuters) – U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row with drilling slowing to its lowest in nearly a year, prompting the government to cut crude output growth forecasts. Drillers cut one oil rig in the week to March 15, bringing the total count … Read moreU.S. oil rig count falls to lowest since April 2018: Baker Hughes

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U.S. solar market tops 10 GW in 2018, again

March 14, 2019, by Jennifer Runyon (Renewable Energy World) U.S. PV Installation Forecast, 2010-2024E. Credit: Wood Mackenzie Power & Renewables For the third year in a row, the U.S. solar industry installed double-digit gigawatts (GW) of solar PV capacity, with 10.6 GW coming online in 2018, according to the latest statistics from Wood Mackenzie Power … Read moreU.S. solar market tops 10 GW in 2018, again

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Shell sets its first carbon reduction targets on output, consumption

HOUSTON (Reuters) – Royal Dutch Shell said on Thursday it planned to reduce carbon emissions from its oil and gas operations and product sales by 2 percent to 3 percent during the 2016-2021 period, the first time the company has issued carbon footprint targets. The targets, which will be linked to executive pay, aim to … Read moreShell sets its first carbon reduction targets on output, consumption

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ALPHA ENERGY, INC. entered into a Purchase and Sale Agreement with Premier Gas Company, LLC. The Agreement is to acquire oil and gas assets in Oklahoma in the Rogers Project

March 14, 2019  | Source: Alpha Energy, Inc HOUSTON, March 14, 2019 (GLOBE NEWSWIRE) — Alpha Energy, Inc. (OTC.PK – APHE) (“Alpha”) announced today a definitive Purchase and Sale Agreement with Premier Gas Company, LLC to acquire oil and gas assets in Oklahoma in the Rogers Project. Rogers Project One of the acquisitions that we have … Read moreALPHA ENERGY, INC. entered into a Purchase and Sale Agreement with Premier Gas Company, LLC. The Agreement is to acquire oil and gas assets in Oklahoma in the Rogers Project

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Sundance Energy Announces Audited Reserve Report

March 14, 2019 Globe Newswire DENVER, March 14, 2019 (GLOBE NEWSWIRE) — Sundance Energy Australia Limited (ASX: SEA) (NASDAQ: SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, announced year-end 2018 proved reserves as estimated by Ryder Scott Company, L.P. of 93.2 … Read moreSundance Energy Announces Audited Reserve Report

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EP Energy Announces Fourth Quarter And Full Year 2018 Results

March 14, 2019 PR Newswire HOUSTON, March 14, 2019 /PRNewswire/ — EP Energy Corporation (NYSE: EPE) today reported 2018 financial and operational results for the company. 2018 Key Results: Net Loss of $1,003 million including $1,103 million non-cash impairment charge Adjusted EBITDAX of $813 million 80.7 thousand barrels of oil equivalent per day (MBoe/d), including 45.8 thousand barrels of oil production per day … Read moreEP Energy Announces Fourth Quarter And Full Year 2018 Results

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Trump Looks to `Thread the Needle’ With Farms, Oil on Biofuels

Mar 14, 2019, by Mario Parker and Jennifer A. Dlouhy (Bloomberg) U.S. biofuel policy moves this week show President Donald Trump’s delicate dance between two of his most vaunted constituencies: rust-belt voters and corn-belt farmers. On Tuesday, the Environmental Protection Agency issued a long-awaited proposal, ordered by Trump as a gift to agriculture. It would … Read moreTrump Looks to `Thread the Needle’ With Farms, Oil on Biofuels

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Venezuela’s Guaido to Appeal $8.75 Billion ConocoPhillips Award

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

Mar 14, 2019, by Fabiola Zerpa (Bloomberg) Venezuela’s opposition leader Juan Guaido plans to appeal a $8.75 billion award issued to ConocoPhillips by the World Bank’s arbitration tribunal last week, arguing the amount was overestimated. Jose Ignacio Hernandez, newly appointed as attorney general for Guaido’s growing parallel government, said there are “severe miscalculation errors” in … Read moreVenezuela’s Guaido to Appeal $8.75 Billion ConocoPhillips Award

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Oil Set for Weekly Gain as OPEC+ Meets to Discuss Extending Cuts

Mar 15, 2019, by Tsuyoshi Inajima and Grant Smith (Bloomberg) Oil headed for a second weekly gain as the world’s top crude producers are scheduled to discuss extending their pledged output curbs to avert a global glut. Futures in New York traded near a four-month high, on course for a 4.4 percent weekly advance. OPEC’s … Read moreOil Set for Weekly Gain as OPEC+ Meets to Discuss Extending Cuts

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CERAWeek’s No Longer a Safe Space for Oil: Liam Denning

Mar 14, 2019, by Liam Denning (Bloomberg Opinion) CERAWeek has long been something of a safe space for the oil industry, where delegates trade gossip, do a little business and speculate over drinks and ballroom chicken where their beloved, if mercurial, market might be headed. This year’s get-together, the 38th and organized as usual by IHS Markit, was called … Read moreCERAWeek’s No Longer a Safe Space for Oil: Liam Denning

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Five Things to Know in World Business Today

Mar 15, 2019, by Lorcan Roche Kelly (Bloomberg) Maybe next month A meeting between President Donald Trump and President Xi Jingping is now unlikely to take place until April, at the earliest, according to three people familiar with the matter. Trump said there would be news on a trade deal “one way or the other” … Read moreFive Things to Know in World Business Today

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IEA sees oil market flipping into deficit in second quarter

LONDON (Reuters) – The oil market will flip into a modest deficit from the second quarter of this year, with OPEC possessing a hefty supply cushion to prevent any price rally in case of possible supply disruptions, the International Energy Agency said on Friday. The IEA, which coordinates the energy policies of industrialized nations, kept … Read moreIEA sees oil market flipping into deficit in second quarter

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U.S. Oil Waivers That Rocked Market in 2018 Coming Back to Focus

Mar 15, 2019, by Bloomberg News (Bloomberg) Uncertainty over U.S. waivers for buyers of Iranian oil is starting to grip the market again, under very different circumstances than when American sanctions were set to go into effect last year. Before existing exemptions were granted in early November, Saudi Arabia was pumping at record levels, benchmark … Read moreU.S. Oil Waivers That Rocked Market in 2018 Coming Back to Focus

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LNG Slump Seen Close to End as Price Collapse Stimulates Demand

LNG And LPG Operations At Aqaba Port, Jordan

Mar 14, 2019, by Anna Shiryaevskaya and Stephen Stapczynski (Bloomberg) Liquefied natural gas prices may be about to hit the bottom after losing more than a third of their value this year. Sellers of the world’s fastest-growing fossil fuel may first have to swallow a cut of another 10 percent over the next two months … Read moreLNG Slump Seen Close to End as Price Collapse Stimulates Demand

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New York’s Answer to Westchester Gas Ban Is Energy Efficiency

Mar 14, 2019, by Jim Efstathiou Jr. (Bloomberg) New York State’s response to Consolidated Edison Inc.’s moratorium on natural gas hookups in one of the state’s wealthiest areas is throwing money at clean energy and high-efficiency appliances. State regulators will direct $250 million to programs to reduce gas demand in Westchester County, state officials said … Read moreNew York’s Answer to Westchester Gas Ban Is Energy Efficiency

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U.S. oil retreats from 2019 high on soaring production

LONDON (Reuters) – U.S. crude futures briefly hit a 2019 high on Friday but later retreated along with benchmark Brent oil as worries about the global economy and robust U.S. production put a brake on prices. West Texas Intermediate (WTI) crude oil futures were down 3 cents at $58.58 per barrel at 1100 GMT, having … Read moreU.S. oil retreats from 2019 high on soaring production

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Permian Driller Legacy Plunges 56 Percent on Strategic Review

Mar 14, 2019, by Joe Carroll (Bloomberg) Permian shale oil explorer Legacy Reserves Inc. lost more than half its market value after announcing plans to explore “strategic alternatives” including selling all or part of the company. The stock dropped as much as 56 percent on Thursday to 59 cents for the biggest intraday collapse in … Read morePermian Driller Legacy Plunges 56 Percent on Strategic Review

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Chaparral Energy Announces Fourth Quarter and Full Year 2018 Financial and Operational Results

OKLAHOMA CITY, March 14, 2019 (GLOBE NEWSWIRE) — Chaparral Energy, Inc. (NYSE: CHAP) announced today its fourth quarter and full year 2018 financial and operational results with the filing of its form 10-K. The company will hold its financial and operating results call this morning, March 14 at 9 a.m. Central. 2018 Highlights Recorded 2018 … Read moreChaparral Energy Announces Fourth Quarter and Full Year 2018 Financial and Operational Results

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Saudis Head to OPEC+ Talks Reluctant to Do Trump’s Bidding

Mar 14, 2019, by Grant Smith and Javier Blas (Bloomberg) Four months ago, Saudi Arabia’s devotion to its decades-old oil partnership with the U.S. was stronger than ever. President Donald Trump was poised to choke off crude exports from the kingdom’s political nemesis, Iran. And the Saudis, shunned by other nations after the murder of … Read moreSaudis Head to OPEC+ Talks Reluctant to Do Trump’s Bidding

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U.S. crude stockpiles drop unexpectedly last week: EIA

NEW YORK (Reuters) – U.S. crude oil stockpiles declined unexpectedly last week as output slipped from record highs and refining rates edged up, while gasoline stocks decreased and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 3.9 million barrels in the last week, compared with analysts’ expectations for an … Read moreU.S. crude stockpiles drop unexpectedly last week: EIA

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OPEC stresses need for 2019 oil supply cuts as rivals pump more

LONDON (Reuters) – OPEC on Thursday cut the forecast of global demand for its crude this year as rivals boost production, building a case to extend a supply-cutting deal with Russia and other allies beyond the first half of 2019. In a monthly report, the Organization of the Petroleum Exporting Countries said 2019 demand for … Read moreOPEC stresses need for 2019 oil supply cuts as rivals pump more

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Environmentalists sue U.S. to block Gulf of Mexico energy lease sale

Unused oil rigs sit in the Gulf of Mexico near Port Fourchon, Louisiana August 11, 2010. REUTERS/Lee Celano

By Jim Christie, Reuters Three environmental groups on Wednesday sued the U.S. government over its plan to sell leases next week for offshore oil and gas fields in the Gulf of Mexico, saying they want a court order blocking the sales. The planned sales violate the National Environmental Policy Act and the Administrative Procedure Act … Read moreEnvironmentalists sue U.S. to block Gulf of Mexico energy lease sale

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GE forecasts 2019 profit below estimates, shares fall

The logo of General Electric is seen at its plant in Baden, Switzerland November 15, 2017. REUTERS/Arnd Wiegmann

(Reuters) – General Electric Co forecast adjusted earnings of 50 cents to 60 cents per share for 2019, below analysts’ expectations of around 70 cents, as new Chief Executive Larry Culp plows ahead with asset sales and restructuring. Shares of the company, hammered by tens of billions of dollars in writeoffs over the past year … Read moreGE forecasts 2019 profit below estimates, shares fall

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Exclusive: U.S. aims to cut Iran oil exports to under 1 million bpd from May – sources

WASHINGTON (Reuters) – The United States aims to cut Iran’s crude exports by about 20 percent to below 1 million barrels per day (bpd) from May by requiring importing countries to reduce purchases to avoid U.S. sanctions, two sources familiar with the matter told Reuters. U.S. President Donald Trump eventually aims to halt Iranian oil … Read moreExclusive: U.S. aims to cut Iran oil exports to under 1 million bpd from May – sources

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Five Things to Know in World Business Today

Mar 14, 2019, by Lorcan Roche Kelly (Bloomberg) Crashes linked Evidence has emerged that the Boeing Co. 737 Max which crashed on Sunday may have experienced the same problems as the plane that went down five months ago off Indonesia. The Federal Aviation Authority cited similarities in the flight path of both planes when it … Read moreFive Things to Know in World Business Today

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Vantage Drilling International Reports Fourth Quarter and Full-Year 2018 Results

March 14, 2019| Source: Vantage Drilling International HOUSTON, March 14, 2019 (GLOBE NEWSWIRE) — Vantage Drilling International (“Vantage” or the “Company”) reported a net loss of approximately $52.2 million or $10.44 per share for the three months ended December 31, 2018 as compared to a net loss of $36.6 million or $7.33 per share for the … Read moreVantage Drilling International Reports Fourth Quarter and Full-Year 2018 Results

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Oil Erases Gains After U.S., China Said to Delay Trade Agreement

Mar 14, 2019 by Grant Smith (Bloomberg) Oil erased gains after a U.S.-China meeting to end the nations’ trade war was said to have been pushed back. Futures fell in New York, erasing an earlier gain of 0.7 percent. A meeting between President Donald Trump and his Chinese counterpart Xi Jinping to sign an agreement … Read moreOil Erases Gains After U.S., China Said to Delay Trade Agreement

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Enterprise Seeking Partners for Export Terminal: CERAWeek Update

Mar 13, 2019, by Rachel Adams-Heard and Alix Steel (Bloomberg) It’s Day 3 of CERAWeek by IHS Markit, the annual week-long gathering in Houston of some of the energy industry’s biggest names. Today’s agenda includes Latin American natural gas, Mediterranean exploration, North American pipelines and LNG trading. Time stamps are Houston. Enterprise Seeks Partners for … Read moreEnterprise Seeking Partners for Export Terminal: CERAWeek Update

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Champions of Big Oil Extend Olive Branch to Green New Dealers

Mar 13, 2019, by Joe Carroll and Javier Blas (Bloomberg) As President Donald Trump’s energy czar and former governor of the biggest source of American oil, Rick Perry had a startling response to the author of the Green New Deal: Let’s talk. Perry, in an appearance at the biggest North American energy conference on Wednesday, … Read moreChampions of Big Oil Extend Olive Branch to Green New Dealers

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Exxon Aims for $15-a-Barrel Costs in Giant Permian Operation

Mar 14, 2019, by Kevin Crowley (Bloomberg) Exxon Mobil Corp. plans to reduce the cost of pumping oil in the Permian to about $15 a barrel, a level only seen in the giant oil fields of the Middle East. The scale of Exxon’s drilling means that it can spread its costs over such a big … Read moreExxon Aims for $15-a-Barrel Costs in Giant Permian Operation

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Equitrans Midstream’s unit to buy gas pipeline assets for $1.03 billion

(Reuters) – U.S. pipeline operator Equitrans Midstream Corp’s unit on Thursday signed a deal worth $1.03 billion to take control of two pipelines that connect the Marcellus and Utica shale basins, the nation’s biggest gas producing region. The unit, EQM Midstream Partners LP, will buy a 60 percent stake in Eureka Midstream Holdings LLC and … Read moreEquitrans Midstream’s unit to buy gas pipeline assets for $1.03 billion

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Legacy Reserves Inc. Announces Review of Strategic Alternatives

March 13, 2019 PR Newswire MIDLAND, Texas, March 13, 2019 /PRNewswire/ — Legacy Reserves Inc. (“Legacy”) (NASDAQ:LGCY) today announced that it is evaluating and exploring potential strategic alternatives. These alternatives include, among others, a sale or other business combination transaction, sales of assets, financing transactions, or some combination of these. Legacy is encouraging proposals from existing stakeholders and … Read moreLegacy Reserves Inc. Announces Review of Strategic Alternatives

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Midstates Petroleum Announces Fourth Quarter and Full Year 2018 Results

March 13, 2019 Business Wire TULSA, Okla.–(BUSINESS WIRE)–Midstates Petroleum Company, Inc. (“Midstates” or the “Company”) (NYSE: MPO) today announced its fourth quarter and full year 2018 results. Fourth Quarter and Full-Year 2018 Highlights and Recent Key Items Reported net income of $49.8 million, or $1.91 per share, for the full year 2018 and net income of $35.8 … Read moreMidstates Petroleum Announces Fourth Quarter and Full Year 2018 Results

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Roan Resources, Inc. Announces Upsize to Revolving Credit Facility

March 13, 2019 Business Wire OKLAHOMA CITY–(BUSINESS WIRE)–Roan Resources, Inc. (NYSE: ROAN) (“Roan” or the “Company”) today announced its borrowing base on its revolving credit facility has been upsized by $75 million to $750 million. As of the end of the fourth quarter 2018, Roan had $6.9 million of cash on the balance sheet and $514.6 … Read moreRoan Resources, Inc. Announces Upsize to Revolving Credit Facility

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Antero Resources Announces Receipt of $297 Million Cash Consideration and Deconsolidation of Financial Statements in Connection with Midstream Simplification

March 13, 2019 PR Newswire DENVER, March 13, 2019 /PRNewswire/ — Antero Resources (NYSE: AR) (“Antero Resources”, or “AR”) today announced receipt of consideration in connection with the closing of the previously announced simplification transaction between Antero Midstream GP LP (NYSE: AMGP) (“AMGP”) and Antero Midstream Partners LP (NYSE: AM) (“Antero Midstream Partners” or “AM”).  At closing, AMGP was converted from a Limited Partnership to a Corporation … Read moreAntero Resources Announces Receipt of $297 Million Cash Consideration and Deconsolidation of Financial Statements in Connection with Midstream Simplification

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Greenfields Petroleum Corporation Reports 2018 Year End Reserves and Extension of Debt Payment

March 13, 2019  | Source: Greenfields Petroleum Corporation HOUSTON, March 13, 2019 (GLOBE NEWSWIRE) — Greenfields Petroleum Corporation (“Greenfields” or the “Company”; TSX-VENTURE: GNF) is pleased to announce the Company’s oil, natural gas and natural gas liquids (“NGL”) reserves as at December 31, 2018, as evaluated by an independent qualified reserves evaluator, GLJ Petroleum Consultants Ltd. … Read moreGreenfields Petroleum Corporation Reports 2018 Year End Reserves and Extension of Debt Payment

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Trade war cuts U.S. LNG exports to China

FILE PHOTO: The LNG tanker "Clean Ocean" is pictured during the first U.S. delivery of liquefied natural gas to LNG terminal in Swinoujscie, Poland June 8, 2017. Picture taken on June 8, 2017. Agencja Gazata/Cezary Aszkielowicz via REUTERS

(Reuters) – Only one liquefied natural gas (LNG) vessel that left the United States in 2019 went to China, Reuters shipping data show, as the eight-month trade war between the two nations starts to cool. The governments of the world’s two largest economies have been locked in a tariff battle as Washington presses Beijing to … Read moreTrade war cuts U.S. LNG exports to China

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Pennsylvania county investigates Energy Transfer Mariner East pipe

(Reuters) – Delaware County District Attorney and the Pennsylvania Attorney General’s office started to investigate Energy Transfer Inc’s Sunoco Mariner East 2 natural gas liquids pipeline amid allegations of criminal misconduct during construction: ** “There is no question that the pipeline poses certain concerns and risks to our residents,” Delaware County District Attorney Katayoun Copeland … Read morePennsylvania county investigates Energy Transfer Mariner East pipe

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Petronas to start offering oil products from new refinery in April

FILE PHOTO - A Petronas logo at their office in Kuala Lumpur, Malaysia August 15, 2017. REUTERS/Lai Seng Sin

HOUSTON (Reuters) – Malaysia’s state energy firm Petronas expects to start offering oil products from its new refining-petrochemical complex in April as the project moves toward full commercial production in October, a senior company official said. The initial products would not meet commercial specification yet as trial runs are still under way, Arif Mahmood, Petronas’ … Read morePetronas to start offering oil products from new refinery in April

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Iran hunts for more ships to keep its oil flowing

LONDON/DUBAI (Reuters) – Iran is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as U.S. sanctions start to bite, Iranian and Western sources said. Since U.S. President Donald Trump reimposed sanctions in November, exploratory talks with South Korea for up to 10 new supertankers … Read moreIran hunts for more ships to keep its oil flowing

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Pompeo calls on oil industry to support U.S. foreign policy agenda

HOUSTON (Reuters) – U.S. Secretary of State Mike Pompeo urged the oil industry on Tuesday to work with the Trump administration to promote U.S. foreign policy interests, especially in Asia and in Europe, and to punish what he called “bad actors” on the world stage. Addressing top executives of the world’s largest energy companies and … Read morePompeo calls on oil industry to support U.S. foreign policy agenda

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Trump’s EPA unveils plan to pump up ethanol as Big Oil cries foul

(Reuters) – The U.S. Environmental Protection Agency on Tuesday released its proposed rule lifting a summer ban on higher-ethanol blends of gasoline to help farmers, putting the agency on a collision course with Big Oil which has called the move illegal. The proposal to broaden sales of the so-called E15 rule marks the latest flashpoint … Read moreTrump’s EPA unveils plan to pump up ethanol as Big Oil cries foul

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U.S. solar installations to rebound in 2019 as prices plummet: Woodmac

Solar Panels

(Reuters) – New U.S. solar installations will grow by 14 percent this year thanks to lower equipment prices that helped to revive a slew of delayed projects, consultancy Wood Mackenzie said in its latest outlook released on Wednesday. The forecast for some 12.1 gigawatts (GW) of solar panels in 2019 would mark a rebound from … Read moreU.S. solar installations to rebound in 2019 as prices plummet: Woodmac

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When Paying $1 for Coal Power Plant Is Still Paying Too Much

Mar 13, 2019, by Will Wade (Bloomberg) One dollar. That’s how much an aging New Mexico coal plant is worth. And by some estimates, even that may be too much. Acme Equities LLC, a New York-based holding company, is in talks to buy the 847-megawatt San Juan Generating Station for $1, after four of its … Read moreWhen Paying $1 for Coal Power Plant Is Still Paying Too Much

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Oil Extends Gains on OPEC+ Cuts and Signs of U.S. Supply Drop

Mar 13, 2019, by Tsuyoshi Inajima and Grant Smith (Bloomberg) Crude rose for a third day after an industry report showed an unexpected drop in U.S. stockpiles just as planned cuts and disruptions to OPEC output are tightening supply. Futures in New York added as much as 1.1 percent. U.S. crude inventories declined by 2.58 … Read moreOil Extends Gains on OPEC+ Cuts and Signs of U.S. Supply Drop

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Five Things to Know in World Business Today

Mar 13, 2019, by Lorcan Roche Kelly (Bloomberg) FAA vs. the world The number of regulators around the world grounding flights of Boeing Co.’s 737 Max aircraft continues to grow, with Hong Kong becoming the latest to ban the jet from its airspace. The U.S. Federal Aviation Administration is becoming increasingly isolated in its position that it’s still safe … Read moreFive Things to Know in World Business Today

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In America’s Shale Country, Nukes and Gas Are Duking It Out

Mar 13, 2019, by Jim Efstathiou Jr. (Bloomberg) Subsidizing nuclear power to fight climate change is one thing in liberal states like New York and New Jersey. It’s quite another in the natural gas bastions of Pennsylvania and Ohio. Drillers and gas-fired power plant operators are girding to fight measures to save money-losing reactors in … Read moreIn America’s Shale Country, Nukes and Gas Are Duking It Out

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U.S. Cuts Oil Production Forecast for the First Time in 6 Months

Mar 13, 2019, by Stephen Cunningham (Bloomberg) The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico. While crude output is still expected to reach record levels, the Energy Information Administration trimmed its 2019 forecast to … Read moreU.S. Cuts Oil Production Forecast for the First Time in 6 Months

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In Private Talks, OPEC Is Said to Warn Wall Street on NOPEC

Mar 12, 2019, 10:00 by Javier Blas (Bloomberg) OPEC is sending a clear message to Wall Street banks and big investors: If Washington passes legislation that would allow the U.S. government to sue the cartel, the first victim will be shale. Suhail Mohammed Al Mazrouei, the United Arab Emirates oil minister and the former president … Read moreIn Private Talks, OPEC Is Said to Warn Wall Street on NOPEC

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BP Brings Climate Action Call to Oil Country: CERAWeek Update

Mar 12, 2019, by Lucia Kassai and Joe Carroll (Bloomberg) It’s the second day of CERAWeek by IHS Markit, the annual week-long gathering in Houston of some of the energy industry’s biggest names. Today’s agenda includes African oil exploration, North American refining and the impact of electric cars on crude demand. Time stamps are Houston. … Read moreBP Brings Climate Action Call to Oil Country: CERAWeek Update

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Mid-Con Energy Partners, LP Announces Fourth Quarter and Full Year 2018 Operating and Financial Results, 2018 Year End Proved Reserves and 2019 Guidance

March 12, 2019 Globe Newswire TULSA, March 12, 2019 (GLOBE NEWSWIRE) — Mid-Con Energy Partners, LP (NASDAQ: MCEP) (“Mid-Con Energy” or the “Partnership”) announces operating and financial results for the fourth quarter and full year ended December 31, 2018. “2018 was a transformative year for the Partnership,” commented our President and CEO, Jeff Olmstead. “We significantly … Read moreMid-Con Energy Partners, LP Announces Fourth Quarter and Full Year 2018 Operating and Financial Results, 2018 Year End Proved Reserves and 2019 Guidance

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Earthstone Energy, Inc. Reports Fourth Quarter and Full Year 2018 Results

March 12, 2019 Business Wire THE WOODLANDS, Texas–(BUSINESS WIRE)–Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone”, the “Company”, “we” or “us”), today announced financial and operating results for the fourth quarter and year ended December 31, 2018. Fourth Quarter 2018 Highlights Revenues of $41.2 million Increased 16% over fourth quarter 2017 Average daily production of 10,454 Boepd(1) Increased 15% … Read moreEarthstone Energy, Inc. Reports Fourth Quarter and Full Year 2018 Results

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Halcón Resources Announces Fourth Quarter 2018 Results and Provides an Update on Operations and Other Activities

March 12, 2019 Globe Newswire DENVER, March 12, 2019 (GLOBE NEWSWIRE) — Halcón Resources Corporation (NYSE:HK) (“Halcón” or the “Company”) today announced its fourth quarter 2018 results and provided an update on recent well results, operations and other matters. Net production for the three months ended December 31, 2018 averaged 17,196 barrels of oil equivalent … Read moreHalcón Resources Announces Fourth Quarter 2018 Results and Provides an Update on Operations and Other Activities

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U.S. Cuts Oil Production Forecast for the First Time in 6 Months

Mar 12, 2019, 1:28:46 PM, by Stephen Cunningham (Bloomberg) — The U.S. government cut its oil production forecast for the first time in six months as drillers scale back in smaller shale plays and the U.S. Gulf of Mexico. While crude output is still expected to reach record levels, the Energy Information Administration trimmed its … Read moreU.S. Cuts Oil Production Forecast for the First Time in 6 Months

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CERAWeek Houston: Tuesday PM Update – Shale Pioneer Warns U.S. Oil Growth May Stall & More

Mar 12, 2019 by Rachel Adams-Heard (Bloomberg) It’s the second day of CERAWeek by IHS Markit, the annual week-long gathering in Houston of some of the energy industry’s biggest names. Today’s agenda includes African oil exploration, North American refining and the impact of electric cars on crude demand. Time stamps are Houston. Shale Pioneer Papa … Read moreCERAWeek Houston: Tuesday PM Update – Shale Pioneer Warns U.S. Oil Growth May Stall & More

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Diesel Stockpiling Seen Starting Mid-Year: CERAWeek Update

Mar 12, 2019, by Joe Carroll (Bloomberg) It’s the second day of CERAWeek by IHS Markit, the annual week-long gathering in Houston of some of the energy industry’s biggest names. Today’s agenda includes African oil exploration, North American refining and the impact of electric cars on crude demand. Time stamps are Houston. Shippers Will Stockpile … Read moreDiesel Stockpiling Seen Starting Mid-Year: CERAWeek Update

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U.S. Renewable Fuel Standard is not working: Marathon CEO

HOUSTON (Reuters) – The U.S. Renewable Fuel Standard (RFS) laws are not working and there is an “opportunity for a reset” of the standard in Washington, Marathon Petroleum Corp Chief Executive Gary Heminger said on Tuesday. The RFS requires refineries to blend fuels with ethanol to reduce pollution, or pay for credits to subsidize those … Read moreU.S. Renewable Fuel Standard is not working: Marathon CEO

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Pompeo to meet oil execs, push U.S. crude exports, Iran policy – sources

Central Intelligence Agency (CIA) Director Mike Pompeo testifies during a Senate Intelligence Committee hearing on "Worldwide Threats" on Capitol Hill in Washington, DC, U.S., February 13, 2018. REUTERS/Leah Millis/File Photo

HOUSTON (Reuters) – U.S. Secretary Of State Mike Pompeo will meet with top oil executives before he addresses a conference on Tuesday, seeking to get them to help the administration’s effort to boost crude exports to Asia and to support its policy of isolating Iran, according to three people at two companies briefed on the … Read morePompeo to meet oil execs, push U.S. crude exports, Iran policy – sources

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Petro River Announces Update on Successful California Drilling

March 12, 2019 PR Newswire NEW YORK, March 12, 2019 /PRNewswire/ — Petro River Oil Corp. (PTRC) (“Petro River” or the “Company”), an independent oil and gas exploration company that utilizes 3D seismic technology to discover and develop oil and gas reserves in proven oil and gas basins, is pleased to provide investors with an update on the Grapevine and Mountain View projects … Read morePetro River Announces Update on Successful California Drilling

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Northern Oil and Gas, Inc. Announces Record Fourth Quarter and Full Year 2018 Results, Updates 2019 Guidance

March 12, 2019 Business Wire FOURTH QUARTER 2018 Production increased 117% over the prior year and 36% over the prior quarter, averaging a record of 36,258 barrels of oil equivalent (“Boe”) per day. Lease operating expenses and general and administrative expenses were each down 26% per Boe from the prior year. Cash flow from operations, excluding … Read moreNorthern Oil and Gas, Inc. Announces Record Fourth Quarter and Full Year 2018 Results, Updates 2019 Guidance

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The World’s Biggest Shale Field Is on the Brink of an M&A Boom

Bloomberg) — Cowboy boots and turquoise belt buckles are giving way to smart suits and silk ties as the world’s biggest shale oil field prepares for mergers. As oil executives from across the world gather in Houston for the annual CERAWeek by IHS Markit conference, the Permian Basin in the U.S. Southwest is on the … Read moreThe World’s Biggest Shale Field Is on the Brink of an M&A Boom

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Centennial Resource Development, Inc. Announces $500 Million Private Offering of Senior Unsecured Notes due 2027

DENVER, March 12, 2019 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) today announced that its subsidiary, Centennial Resource Production, LLC (“CRP”), has commenced, subject to market conditions and other factors, a private offering of $500 million in aggregate principal amount of senior unsecured notes due 2027 to eligible purchasers … Read moreCentennial Resource Development, Inc. Announces $500 Million Private Offering of Senior Unsecured Notes due 2027

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Infrastructure and Energy Alternatives, Inc. Announces Fourth Quarter and Full Year 2018 Financial Results

March 12, 2019 06:00 ET | Source: Infrastructure and Energy Alternatives, Inc. INDIANAPOLIS, March 12, 2019 (GLOBE NEWSWIRE) — Infrastructure and Energy Alternatives, Inc. (NASDAQ: IEA) (“IEA” or the “Company”), a leading construction services company with specialized energy and heavy civil expertise, today announced financial results for the fourth quarter and full year ended December 31, 2018. … Read moreInfrastructure and Energy Alternatives, Inc. Announces Fourth Quarter and Full Year 2018 Financial Results

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U.S. EPA to decide on 2017 waivers from biofuel laws within week

HOUSTON (Reuters) – The U.S. Environmental Protection Agency will decide on the seven pending applications for small refinery waivers from the nation’s biofuel laws for the 2017 calendar year in the next week, agency administrator Andrew Wheeler said on Monday. Once the 2017 applications are decided, the EPA will consider at least 37 waiver applications … Read moreU.S. EPA to decide on 2017 waivers from biofuel laws within week

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KLX Energy Services Reports Financial Results for Full Year and Fourth Quarter Ended January 31, 2019; Confirms 2019 Guidance

March 12, 2019 02:00 ET | Source: KLX Energy Services LLC WELLINGTON, Fla., March 12, 2019 (GLOBE NEWSWIRE) — KLX Energy Services Holdings, Inc. (“KLX Energy Services” or the “Company”) (NASDAQ: KLXE), a leading U.S. onshore provider of mission critical oilfield services, today reported its full fiscal year and fourth fiscal quarter ended January 31, 2019 financial … Read moreKLX Energy Services Reports Financial Results for Full Year and Fourth Quarter Ended January 31, 2019; Confirms 2019 Guidance

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OPEC Splits Avocado Appetizer With Shale Adversaries in Texas

Mar 11, 2019, by Javier Blas and Rachel Adams-Heard (Bloomberg) OPEC’s secretary general met with senior executives from North America’s booming shale oil industry for dinner in Houston as the balance of power in global energy markets continues its swing to the U.S. from the Middle East. The dinner Monday night included “a friendly conversation … Read moreOPEC Splits Avocado Appetizer With Shale Adversaries in Texas

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OPEC Breaks Bread With Shale Drillers in Texas: CERAWeek Update

Mar 11, 2019, by Javier Blas (Bloomberg) OPEC officials sat down to dinner with senior executives from North America’s booming shale oil industry on the sidelines of CERAWeek by IHS Markit, the annual gathering in Houston of some of the energy industry’s biggest names. On the first day of the week-long event, topics of discussion … Read moreOPEC Breaks Bread With Shale Drillers in Texas: CERAWeek Update

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Oil Rises on Tighter Venezuela, Saudi Supplies

Mar 12, 2019, by Heesu Lee and Grant Smith (Bloomberg) Oil rose to the highest in more than a week after Saudi Arabia was said to plan extending deep supply curbs and a nationwide blackout sparked a production collapse in Venezuela. Futures climbed as much as 1.2 percent in New York to the highest since … Read moreOil Rises on Tighter Venezuela, Saudi Supplies

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Five Things to Know in World Business Today

Mar 12, 2019, by Lorcan Roche Kelly (Bloomberg) No-fly zone Boeing Co. is facing a wider crisis of confidence in its crucial 737 Max plane following the weekend crash in Ethiopia, with Singapore and Australia temporarily blocking the best-selling model from their airspace. Indonesia’s Lion Air, one of the biggest customers for the jet, is considering … Read moreFive Things to Know in World Business Today

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Wind-solar pairing cuts equipment costs while ramping up output

March 11, 2019, by Frank Jossi (Renewable Energy World) A western Minnesota wind-solar project is among the first of its kind in the country but won’t be the last. A trailblazing wind-solar hybrid project in western Minnesota could be a preview of what’s to come as renewable developers look for new ways to bolster projects. … Read moreWind-solar pairing cuts equipment costs while ramping up output

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Shell Says It Can Be World’s Top Power Producer and Profit

Mar 12, 2019, by Kevin Crowley, Alix Steel and Kelly Gilblom (Bloomberg) Royal Dutch Shell Plc plans to become the world’s biggest power company within 15 years, a move that suggests it sees climate change as a bigger threat to its business than electricity’s historically weak returns. The world’s No. 2 oil explorer by market … Read moreShell Says It Can Be World’s Top Power Producer and Profit

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Shell on Prowl for Permian Deals as Majors Make Shale Play

Mar 11, 2019, by Kevin Crowley (Bloomberg) Royal Dutch Shell Plc is on the hunt for deals to bulk up its position in the Permian Basin, where it lags rivals Exxon Mobil Corp. and Chevron Corp. “We are definitely actively looking at opportunities,” Wael Sawan, Shell’s deepwater boss, said in an interview on the sidelines … Read moreShell on Prowl for Permian Deals as Majors Make Shale Play

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San Francisco’s Version of a Green New Deal Is a PG&E Takeover

Mar 12, 2019, by David R Baker (Bloomberg) What happens when a famously left-leaning city dives into the buttoned-down business of electric utilities? San Francisco may soon find out. City officials are studying the possibility of creating their own utility out of the wreckage of PG&E Corp., the energy giant that filed for bankruptcy in January. The city would buy … Read moreSan Francisco’s Version of a Green New Deal Is a PG&E Takeover

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Red Wolf Natural Resources Announces Partnership With Pearl Energy Investments

March 11, 2019 PR Newswire OKLAHOMA CITY, March 11, 2019 /PRNewswire/ — Red Wolf Natural Resources, LLC (“Red Wolf”), a newly formed upstream oil and gas exploration and production company, announced today that it has partnered with Pearl Energy Investments (“Pearl”), a private oil and gas investment firm. Headquartered in Oklahoma City, Red Wolf will pursue upstream development and acquisition … Read moreRed Wolf Natural Resources Announces Partnership With Pearl Energy Investments

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Tailwater Capital Announces Recapitalization of Goodnight Midstream

March 11, 2019 PR Newswire DALLAS, March 11, 2019 /PRNewswire/ — Tailwater Capital LLC (“Tailwater”), an energy-focused private equity firm based in Dallas, today announced a recapitalization of Goodnight Midstream LLC (the “Company”) for more than $1.2 billion, including capital reserved for near-term expansion. As part of the transaction, TPG will acquire a majority stake and Tailwater and other current … Read moreTailwater Capital Announces Recapitalization of Goodnight Midstream

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Oil gains as Saudi Arabia stands by OPEC supply cuts, US rig activity drops

March 11, 2019, Reuters Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity. U.S. West Texas Intermediate (WTI) crude oil futures were at $56.43 per barrel, up 36 cents, or … Read moreOil gains as Saudi Arabia stands by OPEC supply cuts, US rig activity drops

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Women in Oil Snubbed as Men Dominate Premier Industry Gathering

Mar 11, 2019 by Rachel Adams-Heard (Bloomberg) What do oil ministers, rappers and the Winklevoss twins have in common? They’ll all be in Texas this week as two radically different industry conferences kick off in cities just a 50-minute flight apart. In Austin, Harlem rapper A$AP Rocky and Vox Media Inc. Chief Executive Officer Jim … Read moreWomen in Oil Snubbed as Men Dominate Premier Industry Gathering

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Adams Resources & Energy, Inc. Announces Fourth Quarter 2018 Results

March 8, 20192:03 PM PR Newswire HOUSTON, March 8, 2019 /PRNewswire/ — Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) (“Adams” or the “Company”) today announced its financial results for the three months and year ended December 31, 2018. The Company reported a net loss of $3.8 million, or ($0.91) per common share, on revenues of $442.6 millionfor the fourth quarter of … Read moreAdams Resources & Energy, Inc. Announces Fourth Quarter 2018 Results

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Noble Midstream Partners Closes Option to Invest in the EPIC Crude Pipeline

March 8, 2019 Business Wire HOUSTON–(BUSINESS WIRE)–Noble Midstream Partners LP (NYSE: NBLX) today announced it has closed its option with EPIC Midstream Holdings, LP to acquire a 30% equity interest in the EPIC Crude Pipeline. A $104 million catch-up payment for the project was contributed at close. About Noble Midstream Partners Noble Midstream is a growth-oriented master … Read moreNoble Midstream Partners Closes Option to Invest in the EPIC Crude Pipeline

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Rosehill Resources announces David L. French as Chief Executive Officer

HOUSTON, March 11, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) today announced David L. French will join Rosehill as Director, President and Chief Executive on or before April 30, 2019, subject to his completion of continuing obligations in his current role.  At such time, Mr. French will … Read moreRosehill Resources announces David L. French as Chief Executive Officer

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Five Things to Know in World Business Today

Mar 11, 2019, by Lorcan Roche Kelly (Bloomberg) Happy here Federal Reserve Chair Jerome Powell signaled that there is no clear time limit to the current pause on interest-rates hikes in a wide-ranging interview on CBS News’ “60 minutes” yesterday. While he said the outlook for the U.S. economy is favorable, he highlighted risks to global … Read moreFive Things to Know in World Business Today

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VIRTUAL CONFERENCE AND EXPO 2019 Register To Attend For Free And WIN $500 Gift Card – Attend With A Click Of A Button May 21-22, 2019 – DETAILS HERE!

Energy Connect 2019 is fast-approaching and we do not want you to miss out on this opportunity to learn about the digital transformation happening right now within the energy sector. Our Virtual Conference & Expo Means No Travel Costs, No Overhead, and No Hassle. If you already know you’ll be joining us for the Energy Connect Virtual Conference & … Read moreVIRTUAL CONFERENCE AND EXPO 2019 Register To Attend For Free And WIN $500 Gift Card – Attend With A Click Of A Button May 21-22, 2019 – DETAILS HERE!

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Exclusive: Occidental emerges as heavy hitter in U.S. oil export boom

NEW YORK/HOUSTON (Reuters) – Occidental Petroleum Corp has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 million every day. It is showing no signs of slowing down, with plans to double crude exports to 600,000 barrels per … Read moreExclusive: Occidental emerges as heavy hitter in U.S. oil export boom

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OPEC to Be Squeezed by U.S. Shale Until Mid-2020s, IEA Says

Mar 11, 2019, by Grant Smith (Bloomberg) OPEC’s loss of market power to what was once its biggest customer will continue until the middle of the next decade as U.S. shale oil thrives. By 2024, the Organization of Petroleum Exporting Countries’ capacity to pump crude will actually shrink because of declines in Iran and Venezuela, … Read moreOPEC to Be Squeezed by U.S. Shale Until Mid-2020s, IEA Says

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Shale on the Brink of M&A as Oil Majors Flex Muscles in Permian

Mar 10, 2019 by Kevin Crowley (Bloomberg) Cowboy boots and turquoise belt buckles are giving way to smart suits and silk ties as the world’s biggest shale oil field prepares for mergers. As oil executives from across the world gather in Houston for the annual CERAWeek by IHS Markit conference, the Permian Basin in the … Read moreShale on the Brink of M&A as Oil Majors Flex Muscles in Permian

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GeoConvention 2019: Value of Geosciences Panel Announced

GeoConvention is proud to announce an amazing line up for our Value of Geosciences panel: Wayne Foo, Geologist, President and CEO, Parex Resources Rob Morgan, Engineer, President and CEO, Cona Resources Kevin Angus, Geophysicist, Strategic Advisor, Point Loma Resources Gary Bunio, Engineer, Director New Technology, Suncor Inc. Pat Ward, Geologist, President and CEO, Painted Pony … Read moreGeoConvention 2019: Value of Geosciences Panel Announced

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U.S. presses India to stop buying oil from Venezuela’s Maduro: envoy

(Reuters) – The United States is pressing India to stop buying oil from Venezuelan President Nicolas Maduro’s government, Washington’s top envoy for Venezuela said, as the Trump administration this week threatened more U.S. sanctions to cut off Maduro’s financial lifelines. “We say you should not be helping this regime. You should be on the side … Read moreU.S. presses India to stop buying oil from Venezuela’s Maduro: envoy

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Exclusive: Saudi’s Falih says no OPEC+ output policy change until June

NEW DELHI (Reuters) – Saudi oil minister Khalid al-Falih said on Sunday it would be too early to change OPEC+ output policy at the group’s meeting in April and that China and the U.S. would lead healthy global demand for oil this year. The Organization of the Petroleum Exporting Countries and its allies such as … Read moreExclusive: Saudi’s Falih says no OPEC+ output policy change until June

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Oil’s Big Reset: Energy Majors Learn to Thrive After Price Crash

Big Oil

Mar 10, 2019, by Javier Blas (Bloomberg) When OPEC started an oil-price war in late 2014, most people believed U.S. shale was doomed. In reality, the giant oil majors suffered most — burdened by expensive mega-projects, Chevron Corp., BP Plc and the rest struggled to adapt to the fall in energy prices. Slowly, those companies … Read moreOil’s Big Reset: Energy Majors Learn to Thrive After Price Crash

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Shale Boom Drives U.S. to Take Least OPEC Crude in Three Decades

Mar 9, 2019 by Sheela Tobben (Bloomberg) OPEC crude oil shipments to the world’s largest economy sank to a thirty-year low as part of an effort by the cartel and its allies to balance supplies and counteract America’s shale boom. OPEC supply cuts that started in 2017 were extended in 2018. The end result was … Read moreShale Boom Drives U.S. to Take Least OPEC Crude in Three Decades

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BP, Exxon to help advance Alaska LNG export project – Alaska Gasline

(Reuters) – Alaska Gasline Development Corp (AGDC) said it signed an agreement with BP PLC and Exxon Mobil Corp to help advance the state-owned company’s proposed $43.4 billion Alaska liquefied natural gas (LNG) project: ** “Our respective organizations share an interest in the successful commercialization of Alaska’s stranded North Slope natural gas,” AGDC Interim President … Read moreBP, Exxon to help advance Alaska LNG export project – Alaska Gasline

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Want to Understand the Shale Boom? Try a Microscope: Julian Lee

Mar 9, 2019, by Julian Lee (Bloomberg Opinion) Look at much of what is written about the oil market and it may be tempting to conclude that crude oil is a homogenous commodity, the same the world over and seamlessly interchangeable. It’s not. Once you appreciate that all crudes are not created equal, you can see how … Read moreWant to Understand the Shale Boom? Try a Microscope: Julian Lee

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Oil majors strut into Houston for annual energy conference

(Reuters) – The oil industry converges this week on Houston at CERAWeek, the largest gathering of top energy executives in the Americas, with oil majors showing a bigger presence as the United States has taken the crown as the largest crude producer in the world. After a year that saw international crude oil prices surge … Read moreOil majors strut into Houston for annual energy conference

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U.A.E to Continue Oil Output Adjustments Until Market Rebalances

Mazrouei_Energy_Minister

Mar 9, 2019, by Abbas Al Lawati (Bloomberg) The United Arab Emirates will continue to adjust its oil production until the market rebalances, the OPEC member’s energy minister said. “We will continue to deliver on the OPEC & non-OPEC commitment for voluntary production adjustments, until the global market is re-balanced,” Suhail Al Mazrouei said on … Read moreU.A.E to Continue Oil Output Adjustments Until Market Rebalances

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What if the US-Mexico border wall was an energy corridor that could pay for itself?

March 6, 2019, by Steve Tally, Purdue University (Renewable Energy World) Instead of a wall, build a first-of-its-kind energy park that spans the 1,954 miles of the border between the United States and Mexico to bring energy, water, jobs and border security to the region. That’s the audacious plan put forward by a consortium of … Read moreWhat if the US-Mexico border wall was an energy corridor that could pay for itself?

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Foothills Exploration Inc. Completes Acquistion Of 22 Natural Gas Wells Situated On ~18,214 Gross Acres In Greater Green River Basin

March 8, 2019 CNW LOS ANGELES, March 08, 2019 (GLOBE NEWSWIRE) — Foothills Exploration, Inc. (OTC.QB: FTXP) (the “Company,” or “Foothills”), an independent oil and gas exploration company engaged in the acquisition and development of oil and natural gas properties in the Rockies today announced that it has completed the acquisition of upstream assets located in … Read moreFoothills Exploration Inc. Completes Acquistion Of 22 Natural Gas Wells Situated On ~18,214 Gross Acres In Greater Green River Basin

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Lilis Energy Announces 2018 Fourth Quarter and Full-Year Results and Provides 2019 Outlook and Guidance

March 8, 2019 Globe Newswire Management to Review Financial Results and Provide an Operations Update on Conference Call Webcast at 11:00 a.m. ET on Friday, March 8, 2019 HOUSTON, March 07, 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 … Read moreLilis Energy Announces 2018 Fourth Quarter and Full-Year Results and Provides 2019 Outlook and Guidance

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Cheniere Partners Announces Substantial Completion of Train 5 at the Sabine Pass Liquefaction Project

March 8, 2019 Business Wire HOUSTON–(BUSINESS WIRE)–Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) announced today that Substantial Completion of Train 5 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana (the “SPL Project”) was achieved on March 7, 2019. Commissioning has been completed and Cheniere Partners’ EPC partner Bechtel Oil, Gas and Chemicals, Inc. (“Bechtel”) has turned over … Read moreCheniere Partners Announces Substantial Completion of Train 5 at the Sabine Pass Liquefaction Project

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International Arbitration Tribunal Orders Venezuela to Pay ConocoPhillips $8.7 Billion for Unlawful Expropriation of Company’s Oil Investments

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

March 8, 2019 Business Wire HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) announced today that an international arbitration tribunal constituted under the auspices of the International Centre for Settlement of Investment Disputes (ICSID) has unanimously ordered the government of Venezuela to pay the company the amount of $8.7 billion in compensation for the government’s unlawful expropriation of ConocoPhillips’ investments … Read moreInternational Arbitration Tribunal Orders Venezuela to Pay ConocoPhillips $8.7 Billion for Unlawful Expropriation of Company’s Oil Investments

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Oil Optimists Stay the Course Even as Demand Headwinds Loom

Mar 8, 2019 by Alex Nussbaum (Bloomberg) Hedge funds keep betting on an oil rally, even with prices stuck in neutral. Investors pushed bullish wagers on West Texas Intermediate crude prices to their highest in a month and cut short-selling bets to the lowest since October, apparently convinced that dwindling global supplies will be more … Read moreOil Optimists Stay the Course Even as Demand Headwinds Loom

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

(Reuters) – U.S. energy firms this week cut the number of oil rigs operating for a third week in a row to the lowest level in 10 months as independent producers follow through on plans to cut spending even though oil majors plan to spend more. Drillers cut nine oil rigs in the week to … Read moreU.S. oil drillers cut rigs for third week in a row: Baker Hughes

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U.S. Petroleum Exports May Surpass Saudis by Year-End: Rystad

Mar 7, 2019, 11:33:30 AM, by Sheela Tobben (Bloomberg) America’s booming oil production could set the stage for country’s total petroleum exports to surpass those of Saudi Arabia by end-2019, according to Rystad Energy AS. This year, the U.S. will add another 1 million barrels a day of crude production, after last year’s 2 million … Read moreU.S. Petroleum Exports May Surpass Saudis by Year-End: Rystad

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Trump Said to Again Seek Deep Cuts in Renewable Energy Funding

 Mar 7, 2019 by Ari Natter (Bloomberg) The Trump administration is again seeking severe cuts to the U.S. Energy Department division charged with renewable energy and energy efficiency research, according to a department official familiar with the plan. The official, who spoke on the condition of anonymity, said the Office of Energy Efficiency and Renewable … Read moreTrump Said to Again Seek Deep Cuts in Renewable Energy Funding

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Oil Slides on Economy Fears, Stuck in Tightest Range Since 2017

Mar 8, 2019 (Bloomberg) Oil fell as a weakening outlook for the global economy and rising crude stockpiles in the U.S. signaled that markets will remain comfortably supplied. Futures in New York retreated as much as 2.7 percent. They have held this week in the narrowest range since December 2017 as traders balance concerns over … Read moreOil Slides on Economy Fears, Stuck in Tightest Range Since 2017

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Five Things You Need to Know in World Business Today

Mar 8, 2019, by Lorcan Roche Kelly (Bloomberg)  It’s jobs day, Chinese stocks plunge and more signs of a weakening global economy. Here are some of the things people in markets are talking about today. Payrolls U.S. employers are expected to have added 180,000 positions in February, down from January’s surprise 304,000, with the nonfarm data … Read moreFive Things You Need to Know in World Business Today

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NCS Multistage Holdings, Inc. Announces Fourth Quarter and Full Year 2018 Results

March 07, 2019  | Source: NCS Multistage Holdings, Inc. Fourth Quarter Highlights Total revenue of $50.2 million, consistent with the prior year fourth quarter U.S. revenue of $27.5 million, a 36% increase from the prior year fourth quarter Net loss of $(203.6) million and adjusted net loss of $(2.5) million Loss per diluted share of $(4.51) … Read moreNCS Multistage Holdings, Inc. Announces Fourth Quarter and Full Year 2018 Results

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Lonestar Announces Fourth Quarter 2018 Financial Results And Provides Operational Update

March 7, 2019 PR Newswire FORT WORTH, Texas, March 7, 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 and year ended December 31, 2018. HIGHLIGHTS Lonestar reported an 81% increase in net oil and gas production to 13,152 Boe/d … Read moreLonestar Announces Fourth Quarter 2018 Financial Results And Provides Operational Update

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Sanchez Midstream Partners Reports Fourth-Quarter and Full-Year 2018 Financial Results

March 7, 2019 Globe Newswire HOUSTON, March 07, 2019 (GLOBE NEWSWIRE) — Sanchez Midstream Partners LP (NYSE American: SNMP) (“SNMP” or the “Partnership”) today reported fourth-quarter and full-year 2018 results.  Highlights from the report include: Fourth-quarter 2018 net income of $15.6 million, which compares to net income of $0.4 million for third-quarter 2018; Fourth-quarter 2018 … Read moreSanchez Midstream Partners Reports Fourth-Quarter and Full-Year 2018 Financial Results

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EQT Announces Appointment of Gary Gould as Chief Operating Officer

March 7, 2019PM Business Wire Former Sr. V.P. of Production and Resource Development at Continental Resources Proven track record in large-scale development Extensive operational experience including in-basin Appalachia expertise Ideally suited to drive further cost reductions and support focus on free cash flow PITTSBURGH–(BUSINESS WIRE)–EQT Corporation (NYSE: EQT) today announced the appointment of Gary E. … Read moreEQT Announces Appointment of Gary Gould as Chief Operating Officer

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Five Things You Need to Know in World Business Today

Mar 7, 2019 by Lorcan Roche Kelly (Bloomberg) ECB decision day, Trump’s trade-deal rally may never come, and Brexit pessimism rises. Here are some of the things people in markets are talking about today. Stimulus? At 7:45 a.m. Eastern Time, the European Central Bank will announce its latest monetary policy decision. While there is no expectation … Read moreFive Things You Need to Know in World Business Today

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China Oil Use Seen Peaking in 2025 as EVs and Rail Take Over

Mar 7, 2019 by Dan Murtaugh (Bloomberg) The country that’s driven global oil demand since the turn of the century may hit the brakes sooner than expected as travelers shift toward electric cars or even forgo the open road in favor of trains. China’s oil consumption will peak in 2025, five to eight years earlier … Read moreChina Oil Use Seen Peaking in 2025 as EVs and Rail Take Over

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Oil Gains as U.S. Fuel-Supply Decline Counters Crude-Stock Jump

Oil Prices Up

Mar 7, 2019 by Grant Smith (Bloomberg) Oil advanced after mixed data from the U.S. government, which showed an unexpectedly large jump in crude inventories and a substantial drop in fuel stockpiles. Futures added 1.3 percent in New York, trading near $57 a barrel. American crude stockpiles last week gained the most since mid-January, more … Read moreOil Gains as U.S. Fuel-Supply Decline Counters Crude-Stock Jump

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VAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2018 Results

Reports $10.5 Million, or $0.17 per Diluted Share, in Income From Continuing Operations for the Fourth Quarter of 2018 HOUSTON, March 06, 2019 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY) today reported operational and financial results for the fourth quarter and full year of 2018. Highlights and Recent Key Items: Established a long-term time … Read moreVAALCO Energy, Inc. Announces Fourth Quarter and Full Year 2018 Results

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Rosehill Resources Announces 2018 Reserves and Fourth Quarter 2018 Production

Expands Acreage Position in Southern Delaware With Farm-In Agreement HOUSTON, March 07, 2019 (GLOBE NEWSWIRE) — Rosehill Resources Inc. (“Rosehill” or the “Company”) (NASDAQ: ROSE, ROSEW, ROSEU) today announced proved reserves as of December 31, 2018, fourth quarter 2018 average net production, and a farm-in agreement in the Southern Delaware area. Highlights Increased proved reserves … Read moreRosehill Resources Announces 2018 Reserves and Fourth Quarter 2018 Production

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Ultra Petroleum Corp. Announces Fourth Quarter and Full-Year 2018 Results, Sets 2019 Capital Investment Plan at $320 – $350 million, Announces Full Year and First Quarter 2019 Guidance, and Announces the Appointment of Brad Johnson as President and Chief Executive Officer

ENGLEWOOD, Colo., March 07, 2019 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (“Ultra Petroleum” or the “Company”) (NASDAQ: UPL) announces financial and operating results for the quarter and year ended December 31, 2018 and announces full year and first quarter 2019 guidance with its $320 – $350 million full year 2019 capital investment program. Financial and … Read moreUltra Petroleum Corp. Announces Fourth Quarter and Full-Year 2018 Results, Sets 2019 Capital Investment Plan at $320 – $350 million, Announces Full Year and First Quarter 2019 Guidance, and Announces the Appointment of Brad Johnson as President and Chief Executive Officer

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Profire Energy Reports Financial Results for Fiscal Year 2018

March 06, 2019 | Source: Profire Energy, Inc. Company Recognizes Most Profitable Year in Company History with Net Income Up Over 36% to $6 Million or $0.12 Per Diluted Share Revenues up 19% YOY to $45.6 Million LINDON, Utah, March 06, 2019 (GLOBE NEWSWIRE) — Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the “Company”) which creates, … Read moreProfire Energy Reports Financial Results for Fiscal Year 2018

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Berry Petroleum Reports Fourth Quarter and Year End 2018 Results and Board Changes

DALLAS, March 06, 2019 (GLOBE NEWSWIRE) — Berry Petroleum Corporation (NASDAQ: BRY) (“Berry” or the “Company”) today reported net income attributable to common stockholders of $132 million, or $1.56 per diluted share, and adjusted net income of $35 million, or $0.41 per diluted share, for the fourth quarter of 2018. For the full year of … Read moreBerry Petroleum Reports Fourth Quarter and Year End 2018 Results and Board Changes

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ExxonMobil Updates Growth Plans, Significant Additional Upside Possible

March 6, 2019 Business Wire Plans have upside potential in key growth areas, including Guyana and Permian On track to significantly increase cash flow from operations and asset sales Return on capital employed expected to double by 2025 NEW YORK–(BUSINESS WIRE)–ExxonMobil today said it has updated its growth plans and expects annual earnings potential to increase by … Read moreExxonMobil Updates Growth Plans, Significant Additional Upside Possible

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Not Running for President, But Launching a New Campaign: Beyond Carbon -Michael Bloomberg

Our Highest Office, My Deepest Obligation Not running for president, but I am launching a new campaign: Beyond Carbon -Michael Bloomberg By Michael R. Bloomberg Source: Bloomberg Michael R. Bloomberg, the former mayor of New York City, is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News. He is the … Read moreNot Running for President, But Launching a New Campaign: Beyond Carbon -Michael Bloomberg

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Decision Time for Oil Stocks in Norway’s $1 Trillion Fund: Q&A

Offshore drilling

Mar 6, 2019 by Mikael Holter (Bloomberg) Norway will on Friday decide whether to let its $1 trillion sovereign wealth fund dump all its oil and gas stocks. Here’s what you need to know: 1. Why does Norway’s fund want to dump petroleum stocks? The fund contends that it makes little sense for Norway to … Read moreDecision Time for Oil Stocks in Norway’s $1 Trillion Fund: Q&A

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Why the World’s Biggest Election is a Vote of Support for Oil Market

Mar 6, 2019 by Heesu Lee, Saket Sundria and Debjit Chakraborty (Bloomberg) — The largest democratic exercise on Earth is set to give the oil market a shot in the arm. About 875 million Indians will go to polls over the next three months to elect their leader, dwarfing the 158 million Americans who registered … Read moreWhy the World’s Biggest Election is a Vote of Support for Oil Market

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Vertex Energy, Inc. Announces Fourth Quarter and Full-Year 2018 Financial Results

  Conference call to be held today at 9:00 A.M. EST March 06, 2019 | Source: Vertex Companies HOUSTON, March 06, 2019 (GLOBE NEWSWIRE) — Vertex Energy, Inc. (NASDAQ:VTNR), a specialty refiner and marketer of high-quality hydrocarbon products, announced today its 2018 financial results for the fourth quarter and twelve months ended December 31, 2018. FINANCIAL … Read moreVertex Energy, Inc. Announces Fourth Quarter and Full-Year 2018 Financial Results

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Amplify Energy Announces Fourth Quarter and Full Year 2018 Results, Year-End 2018 Proved Reserves and 2019 Guidance

March 06, 2019  | Source: Amplify Energy Corp. HOUSTON, March 06, 2019 (GLOBE NEWSWIRE) — Amplify Energy Corp. (OTCQX: AMPY) (“Amplify” or the “Company”) announced today its operating and financial results for the fourth quarter and full year 2018, year-end 2018 proved reserves and provided guidance for the first quarter and full year 2019. Key Fourth … Read moreAmplify Energy Announces Fourth Quarter and Full Year 2018 Results, Year-End 2018 Proved Reserves and 2019 Guidance

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U.S. Trade Gap Surged to $621 Billion in 2018, Highest in Decade

Mar 6, 2019, 6:30:02 AM, by Katia Dmitrieva (Bloomberg) The U.S. trade deficit widened in 2018 to a 10-year high of $621 billion, bucking President Donald Trump’s pledges to reduce it, as tax cuts boosted domestic demand for imports while the strong dollar and retaliatory tariffs weighed on exports. The annual deficit in goods and … Read moreU.S. Trade Gap Surged to $621 Billion in 2018, Highest in Decade

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Republicans Who Couldn’t Beat Climate Debate Now Seek to Join It

Mar 5, 2019, 2019 by Ari Natter (Bloomberg) Representative John Shimkus once issued a forceful rejection of climate science at a congressional hearing, invoking the Bible and declaring that “Earth will end only when God declares it’s time to be over.” Last month, in a turnabout, the Illinois Republican signed onto a letter with the … Read moreRepublicans Who Couldn’t Beat Climate Debate Now Seek to Join It

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Five Things You Need to Know in World Business Today

Mar 6, 2019 by Lorcan Roche Kelly (Bloomberg) Trump pushes for China deal, Europe has a money-laundering problem, and more bad news for Brexit negotiations. Here are some of the things people in markets are talking about today. Need a rally President Donald Trump is pressuring U.S. negotiators to reach a trade agreement with China soon because he’s … Read moreFive Things You Need to Know in World Business Today

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Oil Falls After Industry Report Shows Jump in Crude Stockpiles

Mar 6, 2019 by Saket Sundria and Grant Smith (Bloomberg) Oil declined after an industry report showed a massive increase in U.S. crude stockpiles, ahead of more comprehensive data from the government. Futures fell by about 1 percent in New York, after closing lower on Tuesday. U.S. inventories swelled by 7.29 million barrels last week, … Read moreOil Falls After Industry Report Shows Jump in Crude Stockpiles

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Exxon raises production forecast in Texas and New Mexico

March 5, 2019 DALLAS – Exxon Mobil is boosting its projected growth of oil and gas production in the Permian Basin and says the field can be profitable even at lower crude prices. The company said Tuesday that as soon as 2024 it expects to produce the equivalent of more than 1 million barrels of … Read moreExxon raises production forecast in Texas and New Mexico

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Lilis Energy Announces Significant Balance Sheet Recapitalization

March 5, 2019 Globe Newswire Significantly Reduces Leverage and Improves Liquidity Position  Increases Borrowing Base to $125MM Reduces Fully Diluted Share Count by Approximately 12MM Management to Review Financial Results, Provide an Operations Update and 2019 Outlook and Guidance on Conference Call Webcast at 11:00 a.m. ET on Friday, March 8, 2019 HOUSTON, March 05, 2019 … Read moreLilis Energy Announces Significant Balance Sheet Recapitalization

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ExxonMobil to Increase, Accelerate Permian Output to 1 Million Barrels Per Day by 2024

March 5, 20197 Business Wire Updated plans call for nearly 80 percent more unconventional production Doubling of production in 2018 increases confidence in growth plans Increased spending to generate double-digit returns at low prices IRVING, Texas–(BUSINESS WIRE)–ExxonMobil said today it has revised its Permian Basin growth plans to produce more than 1 million oil-equivalent barrels per … Read moreExxonMobil to Increase, Accelerate Permian Output to 1 Million Barrels Per Day by 2024

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Chevron Outlines Strategy for Disciplined Growth and Higher Returns

March 5, 2019 Business Wire Based on strong performance, the Company now expects: Capital & exploratory (C&E) expenditures of $19 to 22 billion from 2021 to 2023 Three to four percent compound annual production growth through 2023 Permian unconventional production of 900,000 barrels per day in 2023 Six percent shareholder yield in 2019 NEW YORK–(BUSINESS WIRE)–At … Read moreChevron Outlines Strategy for Disciplined Growth and Higher Returns

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Goodrich Petroleum Announces Fourth Quarter and Year-End 2018 Financial Results and Operational Update

March 5, 2019 PR Newswire HOUSTON, March 5, 2019 /PRNewswire/ — Goodrich Petroleum Corporation (NYSE American: GDP) (the “Company”) today announced an operational update and fourth quarter and year-end 2018 financial results. THE COMPANY HAS POSTED A NEW PRESENTATION ON THE COMPANY’S WEBSITE WHICH WILL BE REVIEWED ON THE EARNINGS CONFERENCE CALL.  INVESTORS CAN ACCESS THE SLIDES AT: http://goodrichpetroleumcorp.investorroom.com/investor-relations HIGHLIGHTS … Read moreGoodrich Petroleum Announces Fourth Quarter and Year-End 2018 Financial Results and Operational Update

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US crude oil settles roughly flat as OPEC supply cuts offset restart at Libyan field

March 5, 2019 Reuters Oil prices traded roughly flat on Tuesday as OPEC-led efforts to tighten supply offset the restart of Libya’s biggest oilfield and the prospect of weaker demand. Investor hopes for an imminent trade deal between the United States and China also wavered on mixed comments from the White House. “Oil is still waiting … Read moreUS crude oil settles roughly flat as OPEC supply cuts offset restart at Libyan field

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Five Things You Need to Know in World Business Today

Mar 5, 2019 by Lorcan Roche Kelly (Bloomberg) China cuts growth goal, some green shoots in Europe’s economy, and Trump finds another trade target. Here are some of the things people in markets are talking about today. Cuts China lowered its goal for economic growth this year to between 6 and 6.5 percent, the weakest in almost … Read moreFive Things You Need to Know in World Business Today

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Commentary: Big Oil Thinks Its Real Problem is People Ignoring ‘Logic & Facts”

Mar 4, 2019 by Liam Denning (Bloomberg Opinion) Two things to bear in mind when someone tells you they suffer from a problem of perception. First, perception shapes and sometimes outright supplants reality. Second, the complaint comes with a subtext of “it’s not me, it’s you.” Which brings us to Big Oil. Speaking at an industry … Read moreCommentary: Big Oil Thinks Its Real Problem is People Ignoring ‘Logic & Facts”

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Oil Steadies as Traders Weigh China Response to Slowing Growth

Mar 5, 2019 by Grant Smith (Bloomberg) Oil steadied, reversing earlier losses, as traders assessed Chinese measures to protect economic growth in the world’s second-biggest fuel user. Futures rose 0.4 percent in New York, tracking a recovery in commodities also closely linked to global growth such as nickel and copper. China announced a major tax … Read moreOil Steadies as Traders Weigh China Response to Slowing Growth

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Musk Is Said to Blindside Tesla Staff With Store-Closing Plans

Mar 4, 2019 by Dana Hull (Bloomberg) Tesla Inc. Chief Executive Officer Elon Musk caught many employees by surprise with his announcement last week that the electric-car maker would close most stores and shift to online-only sales, according to three people familiar with the matter. Many sales personnel found out about the decision when Tesla … Read moreMusk Is Said to Blindside Tesla Staff With Store-Closing Plans

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Dril-Quip Announces Management Changes

HOUSTON, March 04, 2019 (GLOBE NEWSWIRE) — Dril-Quip, Inc. (NYSE: DRQ) today announced that James A. Gariepy, who served as Dril-Quip’s Senior Vice President and Chief Operating Officer since 2011, has retired effective March 1, 2019, following 15 years of service with Dril-Quip.  As a result of Mr. Gariepy’s retirement, the Board of Directors has … Read moreDril-Quip Announces Management Changes

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Osprey Informatics is excited to announce partnership with Infrastructure Networks (INET) to deliver intelligent visual monitoring solutions for the energy sector

Osprey Logo - December 2018 Update Feature

HOUSTON, March 5, 2019 – Infrastructure Networks, Inc. (INET) and Osprey Informatics (Osprey) are pleased to announce a strategic partnership to bring powerful remote visual monitoring capabilities to the US energy sector. INET will sell, supply, and service Osprey’s intelligent visual monitoring solutions, delivered over INET’s wireless platform. Osprey will leverage INET’s LTE coverage of … Read moreOsprey Informatics is excited to announce partnership with Infrastructure Networks (INET) to deliver intelligent visual monitoring solutions for the energy sector

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South Dakota Governor Wants Out-of-State Pipeline Protest Money Cut Off at the Source

PIERRE, S.D. — South Dakota Gov. Kristi Noem said Monday that she’s proposing legislation before construction begins on the Keystone XL oil pipeline that would create a way to go after out-of-state money that funds pipeline protests. The legislation would let the state follow such money and “cut it off at the source,” the Republican … Read moreSouth Dakota Governor Wants Out-of-State Pipeline Protest Money Cut Off at the Source

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SandRidge Energy, Inc. Reports Financial and Operational Results for Fourth Quarter and Full Year 2018

March 4, 2019 PR Newswire OKLAHOMA CITY, March 4, 2019 /PRNewswire/ — SandRidge Energy, Inc. (the “Company” or “SandRidge”) (NYSE:SD) today announced financial and operational results for the quarter and fiscal year ended December 31, 2018. Highlights During and Subsequent to Fourth Quarter and Full Year 2018 Appointed Paul McKinney as President & CEO in January 2019 Fourth quarter net income … Read moreSandRidge Energy, Inc. Reports Financial and Operational Results for Fourth Quarter and Full Year 2018

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Denbury and Penn Virginia Announce Filing of Definitive Proxy Materials

March 4, 2019 Globe Newswire Transaction Combines Complementary Businesses to Create Scale, Financial Strength and Operating Flexibility to Drive Sustainable Growth and Value Special Meetings Set for April 17, 2019 to Vote on the Transaction Shareholders of Both Companies Urged to Vote “FOR” the Proposals Relating to the Merger PLANO and HOUSTON, Texas, March 04, … Read moreDenbury and Penn Virginia Announce Filing of Definitive Proxy Materials

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Energy Transfer Natural Gas Pipeline Ruptures in Missouri

Mar 3, 2019 by Ben Brody (Bloomberg) A rupture and fire on a Missouri natural gas pipeline early Sunday caused “no known loss of life or serious injury,” according to a Sunday morning Facebook post from the Audrain County Sheriff’s Office. The cause of fire, which interrupted power to several homes, was unknown, according to … Read moreEnergy Transfer Natural Gas Pipeline Ruptures in Missouri

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Spark Energy, Inc. Reports Fourth Quarter and Full Year 2018 Financial Results

March 04, 2019 | Source: Spark Energy, Inc. HOUSTON, March 04, 2019 (GLOBE NEWSWIRE) — Spark Energy, Inc. (“Spark” or the “Company”) (NASDAQ: SPKE), an independent retail energy services company, today reported financial results for the year ended December 31, 2018. Key Business Highlights Recorded $20.1 million in Adjusted EBITDA, $50.2 million in Retail Gross Margin, and … Read moreSpark Energy, Inc. Reports Fourth Quarter and Full Year 2018 Financial Results

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MERGER: Codeco Consulting and Keneco Environmental merge with Vanoco Consulting Ltd and Denver- based Vanoco Consulting LLC.

  For immediate release Codeco Consulting and Keneco Environmental merge with Vanoco Consulting Ltd and Denver- based Vanoco Consulting LLC. Agreement creates efficiencies while ensuring enhanced services for clientele in Canada and the U.S. Calgary AB, (March 1, 2019), Derek Rae, President of Vanoco Consulting Ltd., Vanoco Consulting LLC. and Blake Walliser, President of Codeco … Read moreMERGER: Codeco Consulting and Keneco Environmental merge with Vanoco Consulting Ltd and Denver- based Vanoco Consulting LLC.

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TransCanada’s Mountaineer XPress project placed into service, Gulf XPress reaches partial in-service

HOUSTON, March 01, 2019 (GLOBE NEWSWIRE) — TransCanada Corporation (TSX: TRP) (NYSE: TRP) (TransCanada) today announced the Federal Energy Regulatory Commission (FERC) has approved the full in-service of its Mountaineer XPress (MXP) project, allowing the company to increase the flow of gas on MXP and begin operating its Gulf XPress (GXP) project. The projects are … Read moreTransCanada’s Mountaineer XPress project placed into service, Gulf XPress reaches partial in-service

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TransCanada to raise spot rates to ship crude on Keystone pipeline to U.S.

TransCanada Corp filed with the U.S. energy regulator on Friday to increase spot rates on its Keystone crude pipeline from Manitoba and Alberta to key markets in the U.S. Midwest and Gulf Coast. All increases will be effective April 1, according to filings with the U.S. Federal Energy Regulatory Commission. Canada’s main oil-producing province of … Read moreTransCanada to raise spot rates to ship crude on Keystone pipeline to U.S.

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Enbridge: Line 3 replacement likely won’t be in service until second half of 2020

Mar 2, 2019 by Kevin Orland (Bloomberg) In a major blow to the Canadian oil industry, Enbridge Inc. now expects the replacement and expansion of its Line 3 crude oil pipeline to be in service about a year later than expected. The project, previously slated to start shipping crude in the fourth quarter of this … Read moreEnbridge: Line 3 replacement likely won’t be in service until second half of 2020

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Oil Rises as U.S. China Trade Deal Nears While Supply Tightens

Mar 4, 2019 by Saket Sundria and Grant Smith (Bloomberg) Oil climbed as the U.S. and China were said to near a deal on trade that would underpin the outlook for crude demand, while supplies around the world showed signs of tightening. Futures in New York rose as much as 1 percent after a drop … Read moreOil Rises as U.S. China Trade Deal Nears While Supply Tightens

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Five Things You Need to Know in World Business Today

Mar 4, 2019 by Lorcan Roche Kelly (Bloomberg) U.S. and China close to clinching a trade deal, Trump talks down the dollar, and policy makers gather in Beijing. Here are some of the things people in markets are talking about today. Optimism Both China and the U.S. are talking up the chances of a brewing trade deal. The … Read moreFive Things You Need to Know in World Business Today

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U.S. oil rig counts falls to lowest since May 2018

March 1, 2019 U.S. energy firms this week cut the number of oil rigs operating to the lowest in almost nine months as some producers follow through on plans to cut spending despite an over 20-percent increase crude futures so far this year.Drillers cut 10 oil rigs in the week to March 1, bringing the … Read moreU.S. oil rig counts falls to lowest since May 2018

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Power Surges to Record Levels as Frigid Air Grips U.S. Northwest

(Bloomberg) Power prices in the U.S. Northwest have jumped to record levels as winter makes a dramatic late-season stand and temperatures plunge. The average price for peak electricity for delivery on March 6 at the Mid-Columbia hub in Washington, the benchmark for the region, traded as high as $1,000 a megawatt-hour and was averaging $894 … Read morePower Surges to Record Levels as Frigid Air Grips U.S. Northwest

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Cimarex announces closing of the acquisition of Resolute Energy

March 1, 2019 PR Newswire DENVER, March 1, 2019 /PRNewswire/ — Cimarex Energy Co. (NYSE: XEC) announced that it completed its acquisition of Resolute Energy Corporation (NYSE: REN) (“Resolute”) on March 1, 2019. Resolute stockholders were able to elect to receive all cash, all stock or a combination of the two, subject to proration, so that the aggregate merger … Read moreCimarex announces closing of the acquisition of Resolute Energy

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Jagged Peak Energy Inc. Announces Fourth Quarter and Full-Year 2018 Financial and Operating Results; Provides 2019 Capital, Production, and Cost Guidance

February 28, 2019 PR Newswire DENVER, Feb. 28, 2019 /PRNewswire/ — Jagged Peak Energy Inc. (NYSE: JAG) (“Jagged Peak” or the “Company”) today announced financial and operating results for the fourth quarter and full-year ended December 31, 2018. Jim Kleckner, President and Chief Executive Officer, commented, “2018 marked another successful year for Jagged Peak, as we firmly delivered … Read moreJagged Peak Energy Inc. Announces Fourth Quarter and Full-Year 2018 Financial and Operating Results; Provides 2019 Capital, Production, and Cost Guidance

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U.S. Oil Stays Closer to Home as Top Buyer in Asia Shuns Supply

Feb 28, 2019 by Serene Cheong (Bloomberg) The long-running trade war between the U.S. and China is keeping ships from ferrying American oil far, far away. The distance that U.S. crude traveled by sea shrank in the second half of 2018 as fewer cargoes made the two-month journey to Asia, according to shipbroking firm Braemar … Read moreU.S. Oil Stays Closer to Home as Top Buyer in Asia Shuns Supply

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U.S. Shale Can Add a Saudi Arabia and Pay Investors, Rystad Says

Feb 28, 2019 by Grant Smith (Bloomberg) U.S. shale-oil companies are on track to add production equivalent to Saudi Arabia’s output by 2030, without needing the external financing the industry’s boom has relied on so far, according Rystad Energy AS. “They are going to be very profitable, they are going to be able to return … Read moreU.S. Shale Can Add a Saudi Arabia and Pay Investors, Rystad Says

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Colorado Drilling Rules Would See Seismic Shift Under State Bill

Feb 28, 2019 by Tripp Baltz and Catherine Traywick (Bloomberg) Legislation being drafted in Colorado would prioritize health and safety over fostering oil and gas development, Governor Jared Polis and top state lawmakers said Thursday. The bill, yet to be introduced, would represent a major shift in how the state regulates drilling. It would propose … Read moreColorado Drilling Rules Would See Seismic Shift Under State Bill

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OPEC Output Falls Again Amid Planned Cuts and U.S. Sanctions

Mar 1, 2019 by Grant Smith (Bloomberg) OPEC’s crude production slumped again last month as the cartel implemented planned cutbacks in full and some members were hit by U.S. sanctions. Saudi Arabia, Kuwait and the United Arab Emirates delivered all — and in some cases more — of the supply curbs they pledged to try … Read moreOPEC Output Falls Again Amid Planned Cuts and U.S. Sanctions

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Five Things You Need to Know in World Business Today

Mar 1, 2019 by Cecile Gutscher and Sam Unsted (Bloomberg) The U.S. is pushing to get a trade deal done, central banks are being patient and Elon Musk delivers on a promise. Here are some of the things people in markets are talking about today. Playing chicken There’s a degree of caution in the room as … Read moreFive Things You Need to Know in World Business Today

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Sanchez Energy Reports Fourth-Quarter and Full-Year 2018 Financial and Operating Results; Provides 2019 Outlook

HOUSTON, March 01, 2019 (GLOBE NEWSWIRE) — Sanchez Energy Corporation (OTC Pink: SNEC) today reported financial and operating results for fourth-quarter and full-year 2018 and provided its outlook for 2019.  A summary of the report follows: Fourth-quarter 2018 production of 79,946 barrels of oil equivalent per day (Boe/d), or 7.4 million barrels of oil equivalent … Read moreSanchez Energy Reports Fourth-Quarter and Full-Year 2018 Financial and Operating Results; Provides 2019 Outlook

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VIDEO: Osprey Reach – Intelligent Visual Monitoring for industrial applications

Osprey Logo - December 2018 Update Feature

Watch how Osprey Informatics cloud-based computer vision platform Osprey Reach enables energy and industrial companies to manage their operations remotely to cut costs, mitigate safety and environmental risks. ospreyinformatics.com/video Osprey Reach is an enterprise intelligent visual monitoring solution for exception-based management of field operations, assets and facilities.

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STEP Energy Services

Darkening economic outlook threatens to cap oil price in 2019: Reuters poll

BENGALURU (Reuters) – Oil analysts have grown more pessimistic over the prospects for a significant price rally this year, as booming U.S. shale output and a deteriorating global economic backdrop threaten to offset the boost from OPEC’s crude supply cuts. A Reuters survey of 36 economists and analysts on Thursday forecast Brent crude oil futures … Read moreDarkening economic outlook threatens to cap oil price in 2019: Reuters poll

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

Southwestern Energy Announces Quarterly and 2018 Results

February 28, 2019 Business Wire Continued outperformance, advantaged balance sheet, foundation set for value growth SPRING, Texas–(BUSINESS WIRE)–Southwestern Energy Company (NYSE: SWN) today announced financial and operating results for the fourth quarter and year-end December 31, 2018. Fiscal year 2018 highlights, compared to prior year include: Reported net cash provided by operating activities of $1.22 billion … Read moreSouthwestern Energy Announces Quarterly and 2018 Results

New SHOWCASE Directory Companies

 

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

Ring Energy Releases Complete Fourth Quarter and Twelve Month 2018 Financial and Operational Results in Support of 2018 10K Filing

February 28, 2019 Business Wire MIDLAND, Texas–(BUSINESS WIRE)–Ring Energy, Inc. (NYSE American: REI) (“Ring”)(“Company”) announced today financial results for the three months and twelve months ended December 31, 2018. For the three month period ended December 31, 2018, the Company reported oil and gas revenues of $27,561,908, compared to revenues of $23,308,668 for the quarter ended … Read moreRing Energy Releases Complete Fourth Quarter and Twelve Month 2018 Financial and Operational Results in Support of 2018 10K Filing

New SHOWCASE Directory Companies

 

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

Diamondback Energy, Inc. Announces New Leadership Appointments and Promotions

February 28, 2019 Globe Newswire MIDLAND, Texas, Feb. 28, 2019 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced a series of leadership appointments and promotions, effective March 1, 2019, that will allow the Company to continue to execute on its capital efficient growth and best in class operations on a … Read moreDiamondback Energy, Inc. Announces New Leadership Appointments and Promotions

New SHOWCASE Directory Companies

 

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

Riviera Resources Reports Fourth-Quarter and Year End 2018 Results; Provides 2019 Guidance

February 28, 2019 Globe Newswire HOUSTON, Feb. 28, 2019 (GLOBE NEWSWIRE) — Riviera Resources, Inc. (OTCQX: RVRA) (“Riviera” or the “Company”) announces financial and operating results for the fourth quarter and full year 2018 and provides a strategic update as well as guidance for 2019. The Company highlights the following accomplishments: Executed the spin-off from LINN … Read moreRiviera Resources Reports Fourth-Quarter and Year End 2018 Results; Provides 2019 Guidance

New SHOWCASE Directory Companies

 

T.A. Cook
Gardner Denver
STEP Energy Services