Sign Up for FREE Daily Energy News
 
BREAKING NEWS:
ATCO Structure & Logistics
Hazloc Heaters
Shocker PASS - Headwind Solutions
Hazloc Heaters
ATCO Structure & Logistics
Shocker PASS - Headwind Solutions

SoftBank to Buy Up to 9.9 Percent Stake in Canada’s Nemaska Lithium

April 5, 2018 (Reuters) – Japan’s SoftBank Group Corp (9984.T) will buy up to 9.9 percent stake in Canada-based Nemaska Lithium Inc (NMX.TO) and invest up to C$99.1 million ($77.7 million) through a private placement as part of the agreement, the lithium miner said on Thursday. The investment, which SoftBank said was its first in … Read moreSoftBank to Buy Up to 9.9 Percent Stake in Canada’s Nemaska Lithium

New SHOWCASE Directory Companies

 

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

Texas Oil Output Surge Clogs Pipelines, Depresses Prices

Pipeline

April 5, 2018, by Devika Krishna Kumar NEW YORK (Reuters) – The Permian basin in Texas is leading the way as U.S. oil production has reached an all-time high, but the prolific output is causing bottlenecks as pipelines transporting the crude have filled up more quickly than expected. That has depressed prices there, posing a threat … Read moreTexas Oil Output Surge Clogs Pipelines, Depresses Prices

New SHOWCASE Directory Companies

 

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

Commentary: Why the EPA’s Fuel-Efficiency Plan is Bad for Jobs, Security and Trade

April 5, 2018, by David Livingston (Reuters) The Trump administration has announced a proposal to weaken Obama-era national fuel efficiency standards. This plan is a mistake. Lower standards would undermine U.S. security, lead to a spate of legal battles with states that want to maintain stronger standards, and give other auto-producing countries an advantage. In … Read moreCommentary: Why the EPA’s Fuel-Efficiency Plan is Bad for Jobs, Security and Trade

New SHOWCASE Directory Companies

 

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

EPA Sued by 14 States Over Delay in Methane Emission Standards

April 5, 2018, by Steve Gorman (Reuters) – Fourteen states filed suit on Thursday accusing the U.S. Environmental Protection Agency of failing to issue regulations for curbing emissions of methane, a potent greenhouse pollutant, from existing oil and gas operations as required under the Clean Air Act. The legal challenge, led by New York state, … Read moreEPA Sued by 14 States Over Delay in Methane Emission Standards

New SHOWCASE Directory Companies

 

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

Oil Falls on Trump’s Latest China Trade Threats

Oil pumps

April 5, 2018, by Shadia Narshalla LONDON (Reuters) – Oil prices fell on Friday after U.S. President Donald Trump’s threat of new tariffs on China reignited fears of a trade war between the world’s two biggest economies. Trump said on Thursday he had ordered U.S. trade officials to consider tariffs on an extra $100 billion … Read moreOil Falls on Trump’s Latest China Trade Threats

New SHOWCASE Directory Companies

 

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

Russia Says Wider Cooperation Arrangement with OPEC could be Indefinite

April 6, 2018 MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said that an arrangement under which Moscow cooperates with the OPEC oil group could become indefinite once a current deal to curb oil production expires at the end of the year. The Organization of the Petroleum Exporting Countries and other large oil producers led … Read moreRussia Says Wider Cooperation Arrangement with OPEC could be Indefinite

New SHOWCASE Directory Companies

 

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

Russia Does Not Expect Fallout for Its Energy Sector from Ex-Spy Poisoning

April 6, 2018 MOSCOW (Reuters) – Russian Energy Minister Alexander Novak said he does not expect negative consequences for the domestic energy sector from the poisoning of ex-double agent Sergei Skripal in England. “For today, any actions against the fuel-energy complex have not been taken, and I hope they won’t be taken… from the Skripal … Read moreRussia Does Not Expect Fallout for Its Energy Sector from Ex-Spy Poisoning

New SHOWCASE Directory Companies

 

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

Shell Sells Oman Unit to Indian Oil Firm for $329M

Shell logo reflection in the mirror

April 5, 2018, by Arabian Business Shell Overseas Holdings Limited has announced the completion of the sale of Shell Exploration and Production Oman Limited (SEPOL) to IOCL Singapore PTE Ltd (ISPL), a subsidiary of Indian Oil Corporation Limited for $329 million. The acquisition of SEPOL, which which holds a 17 percent participating interest in the … Read moreShell Sells Oman Unit to Indian Oil Firm for $329M

New SHOWCASE Directory Companies

 

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

Global Petroleum Show (GPS) 2018 Announces Conference Program

With a 50-year tradition of connecting industry leaders, Global Petroleum Show is setting the stage for the next 50 years. Take your seat at the table at the inaugural Global Petroleum Show Conference, a comprehensive three-day program featuring business debates, panel discussions, high-level keynotes and technical presentations. Join the emerging Canadian and US conversation to … Read moreGlobal Petroleum Show (GPS) 2018 Announces Conference Program

New SHOWCASE Directory Companies

 

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

Bonanza Creek Energy Appoints New Chief Executive Officer

DENVER, April 05, 2018 (GLOBE NEWSWIRE) — Bonanza Creek Energy, Inc. (NYSE:BCEI) (“Bonanza Creek” or the “Company”) today announces the hiring of Eric T. Greager as Chief Executive Officer. Mr. Greager’s appointment as President and Chief Executive Officer will take effect on April 11, 2018. He will be assuming the role from R. Seth Bullock, … Read moreBonanza Creek Energy Appoints New Chief Executive Officer

New SHOWCASE Directory Companies

 

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

Targa Resources Partners LP Announces $750 Million Offering of Senior Notes

Targa Resources

HOUSTON, April 05, 2018 (GLOBE NEWSWIRE) — Targa Resources Partners LP (“Targa Resources Partners” or the “Partnership”), a subsidiary of Targa Resources Corp. (NYSE:TRGP), and the Partnership’s subsidiary Targa Resources Partners Finance Corporation announced today that, subject to market conditions, they intend to sell in an offering in the United States to qualified institutional buyers … Read moreTarga Resources Partners LP Announces $750 Million Offering of Senior Notes

New SHOWCASE Directory Companies

 

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

San Antonio Ranked 6th in Nation for Solar Energy

Solar Panels and San Antonio, Texas

SAN ANTONIO, April 4, 2018 /PRNewswire/ — Solar energy capacity in San Antonio grew an impressive 37% last year, earning the Alamo City a ranking of 6th highest in the United States, according to Environment Texas Research and Policy Center’s new report Shining Cities 2018: How Smart Local Policies Are Expanding Solar Power in America. … Read moreSan Antonio Ranked 6th in Nation for Solar Energy

New SHOWCASE Directory Companies

 

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

U.S. Cyberattack Bleeds Into Utility Space With Billing Delays

April 4, 2018, by Naureen S. Malik and Ryan Collins (Bloomberg) A cyberattack that hobbled the operations of at least four natural gas pipeline companies starting late last week also triggered changes within the utility industry. Duke Energy Corp., the second largest U.S. utility by market capitalization, said it first learned about the attack on … Read moreU.S. Cyberattack Bleeds Into Utility Space With Billing Delays

New SHOWCASE Directory Companies

 

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

Graham Corporation Awarded $4 Million in U.S. Gulf Coast Petrochemical Industry Orders

BATAVIA, N.Y.–(BUSINESS WIRE)–Graham Corporation (NYSE: GHM), a global business that designs, manufactures and sells critical equipment for the oil refining, petrochemical, power and defense industries, announced today that it received two orders totaling approximately $4 million, both for the petrochemical industry in U.S. Gulf Coast ethylene plants. Both of the orders are for replacement components … Read moreGraham Corporation Awarded $4 Million in U.S. Gulf Coast Petrochemical Industry Orders

New SHOWCASE Directory Companies

 

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

Superior Drilling Products, Inc. Announces New Agreement with Baker Hughes Oilfield Operations

VERNAL, Utah–(BUSINESS WIRE)–Superior Drilling Products, Inc. (NYSE American:SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, announced today that it has entered into a new, 4-year vendor agreement with Baker Hughes Oilfield Operations, LLC, (“BH”) to provide exclusive drill bit refurbishment services.Troy Meier, Chairman and CEO of Superior Drilling Products, noted, … Read moreSuperior Drilling Products, Inc. Announces New Agreement with Baker Hughes Oilfield Operations

New SHOWCASE Directory Companies

 

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

Exxon Imports LNG to Keep Tanks Cool at Papua New Guinea Plant

Exxon Mobil

April 5, 2018, by Jessica Jaganathan SINGAPORE (Reuters) – ExxonMobil said on Thursday that it has imported a liquefied natural gas (LNG) cargo to keep tanks cold at its Papua New Guinea LNG facilities near the capital Port Moresby, confirming an earlier Reuters report. The imported LNG will help maintain the temperature of the company’s … Read moreExxon Imports LNG to Keep Tanks Cool at Papua New Guinea Plant

New SHOWCASE Directory Companies

 

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

Donald Trump’s Megaphone Is Deafening for Shipping Giant: Gadfly

April 5, 2018, by Chris Bryant (Bloomberg Gadfly) It’s hard to imagine Soren Skou and President Donald Trump getting along terribly well. The softly-spoken boss of AP Moller-Maersk A/S is an eloquent champion of free trade and globalization. He would be. The world’s biggest container-shipping line has done more than most to ease the flow … Read moreDonald Trump’s Megaphone Is Deafening for Shipping Giant: Gadfly

New SHOWCASE Directory Companies

 

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

Top Miner BHP Quits World Coal Association Over Climate Clash

April 5, 2018, by Perry Williams (Bloomberg) BHP Billiton Ltd. has severed ties with the World Coal Association over a clash of views on how to combat climate change, with the mining giant saying it’ll reap little benefit from staying on as a member. BHP will cease membership of the association following a review, while … Read moreTop Miner BHP Quits World Coal Association Over Climate Clash

New SHOWCASE Directory Companies

 

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

EPA Waiving Biofuel Quotas Spurs Rebuke From Ethanol Supporters

U.S. President Donald Trump delivers remarks on his proposed changes to the tax code during an event with energy workers at the Andeavor Refinery in Mandan, North Dakota, U.S. September 6, 2017. REUTERS/Jonathan Ernst/File Photo

April 4, 2018, by Jennifer A. Dlouhy, Mario Parker and Laura Blewitt (Bloomberg) The Environmental Protection Agency has given more than two dozen small refiners permission to ignore the nation’s renewable fuel mandate, angering competitors as well as farm-state lawmakers who say the exceptions undermine the program. Roughly 30 refineries are seeking waivers from the … Read moreEPA Waiving Biofuel Quotas Spurs Rebuke From Ethanol Supporters

New SHOWCASE Directory Companies

 

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

Megaprojects Seen Becoming Less Mega as Oil Giants Rein In Costs

Big Oil

April 4, 2018, by Dan Murtaugh (Bloomberg) The world’s biggest energy companies are ready for big projects again. They just need to be cheaper this time around. Energy companies will approve spending for about 30 major projects this year, consultancy Wood Mackenzie Ltd. said in an April 5 report. That’s in line with the 32 … Read moreMegaprojects Seen Becoming Less Mega as Oil Giants Rein In Costs

New SHOWCASE Directory Companies

 

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

Who Will China’s Floated Propane Tariffs Punish? Not the U.S.

April 4, 2018, by Laura Blewitt (Bloomberg) A proposed 25 percent tariff on China’s imports of American propane probably won’t hurt U.S. companies as much as intended. That’s because U.S. propane exporters got Chinese buyers like China Petroleum and Chemical Corp., known as Sinopec, to sign long-term, binding contracts that include multimillion dollar fees as … Read moreWho Will China’s Floated Propane Tariffs Punish? Not the U.S.

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

April 5, 2018, by Lorcan Roche Kelly (Bloomberg) Time to talk The White House’s National Economic Council Director Larry Kudlow was on a mission to calm markets yesterday following the global selloff in the wake of China’s response to U.S. proposed tariffs. “Remember, none of the tariffs have been put in place yet,” he said in a … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Bahrain Seeks Big Oil’s Help to Develop New Shale Discovery

Bahrain Flag

April 4, 2018, by Wael Mahdi and Mohammed Aly Sergie (Bloomberg) Bahrain will invite international oil companies to help it develop its first major discovery in decades, hoping to begin production within five years. The oldest and smallest energy producer in the Persian Gulf relies on crude exports for most of its revenue, and its … Read moreBahrain Seeks Big Oil’s Help to Develop New Shale Discovery

New SHOWCASE Directory Companies

 

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

U.S. Crude Stocks Drop as Refineries Boost Output: EIA

Oil Storage

April 4, 2018 NEW YORK (Reuters) – U.S. crude stocks fell unexpectedly last week as refineries hiked output, the Energy Information Administration said on Wednesday. Crude inventories fell by 4.6 million barrels in the last week, compared with analysts’ expectations for an increase of 246,000 barrels. Oil prices pared losses sharply on the data, recovering … Read moreU.S. Crude Stocks Drop as Refineries Boost Output: EIA

New SHOWCASE Directory Companies

 

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

Damp Squib or Next Commodity Super-Cycle? The Belt and Road Dilemma: Russell

US Stocks raise

April 4, 2018, by Clyde Russell HONG KONG (Reuters) – China’s Belt and Road Initiative (BRI) is one of those rare things that virtually everybody seems to have heard about, but equally, very few people can actually claim to have a detailed understanding of what it means. This dichotomy was in evidence at the Belt … Read moreDamp Squib or Next Commodity Super-Cycle? The Belt and Road Dilemma: Russell

New SHOWCASE Directory Companies

 

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

U.S. EPA Grants 25 Small Refineries Relief from Biofuels Law

April 4, 2018, by Jarrett Renshaw and Chris Prentice NEW YORK (Reuters) – The U.S. Environmental Protection Agency granted 25 small oil refineries hardship waivers from the nation’s biofuel laws in 2017, according to an agency source, representing an expansion of the waiver program. The EPA’s use of the waivers – meant to help small … Read moreU.S. EPA Grants 25 Small Refineries Relief from Biofuels Law

New SHOWCASE Directory Companies

 

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

Yemen’s Houthis Say They Launched Missile at Saudi Aramco Storage Tanks

April 4, 2018 DUBAI (Reuters) – Yemen’s armed Houthi movement launched a missile at storage tanks belonging to oil giant Saudi Aramco in Saudi Arabia’s southwestern Jizan province on Wednesday, said Yemeni state news agency Saba, which is controlled by the group. Saudi air defenses shot down a missile in the skies above the province, … Read moreYemen’s Houthis Say They Launched Missile at Saudi Aramco Storage Tanks

New SHOWCASE Directory Companies

 

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

Saudi Arabia Expects no Oil Supply Impact from Houthi Tanker Attack

April 4, 2018, by Stephen Kalin and Rania El Gamal RIYADH/DUBAI (Reuters) – An attack on a Saudi tanker by Yemen’s Houthis will not hit oil supplies, Saudi Arabia’s energy minister said on Wednesday, after the Iran-allied group said it had targeted a warship in response to an air strike that killed civilians. The Western-backed, … Read moreSaudi Arabia Expects no Oil Supply Impact from Houthi Tanker Attack

New SHOWCASE Directory Companies

 

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

U.S. production of crude oil grew 5% in 2017, likely leading to record 2018 production

Annual average U.S. crude oil production reached 9.3 million barrels per day (b/d) in 2017, an increase of 464,000 b/d from 2016 levels after declining by 551,000 b/d in 2016. In November 2017, monthly U.S. crude oil production reached 10.07 million b/d, the highest monthly level of crude oil production in U.S. history. See graph … Read moreU.S. production of crude oil grew 5% in 2017, likely leading to record 2018 production

New SHOWCASE Directory Companies

 

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

SM Energy Announces Agreements To Sell Additional Non-Core Assets For $292 Million, Coring Up And Bringing Down Net Debt

DENVER, April 4, 2018 /PRNewswire/ — SM Energy Company (the “Company”) (NYSE: SM) today announced that it has entered into two definitive agreements, one for the sale of the Company’s remaining assets in the Williston Basin located in Divide County, North Dakota, and one for the sale of its third-party operated assets known as Halff East … Read moreSM Energy Announces Agreements To Sell Additional Non-Core Assets For $292 Million, Coring Up And Bringing Down Net Debt

New SHOWCASE Directory Companies

 

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

GrafTech Announces the Launch of an Initial Public Offering

BROOKLYN HEIGHTS, Ohio–(BUSINESS WIRE)–GrafTech International Ltd. (the “Company”) today announced the launch of an initial public offering of 37,777,777 shares of its common stock. The shares are being offered by its sole stockholder, an affiliate of Brookfield Business Partners LP, a publicly listed business services and industrials company of Brookfield Asset Management Inc., at an … Read moreGrafTech Announces the Launch of an Initial Public Offering

New SHOWCASE Directory Companies

 

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

Bahrain Reveals Size of Giant Oil Reserve Discovery

A desert oil field in the Sakhir area of Bahrain. The country ranks 57th in the list of oil producers. Photograph: Hasan Jamali/AP

April 4, 2018, by AFP Newly discovered shale oil reserve is estimated at more than 80 billion barrels, says minister. Bahrain on Wednesday announced its newly discovered shale oil reserve was estimated to contain more than 80 billion barrels, making the once-marginal oil producer potentially a major player in the market. The amount of recoverable … Read moreBahrain Reveals Size of Giant Oil Reserve Discovery

New SHOWCASE Directory Companies

 

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

Oil Giants Stay in Their Own Backyards in U.S. Auction

April 3, 2018, by Jessica Resnick-Ault NEW YORK (Reuters) – The Trump administration heralded the government’s sale last month of U.S. drilling leases in the Gulf of Mexico as a bellwether. If that is the case, a Reuters analysis of the sale’s results shows reason to worry about demand in future offshore auctions. The sale brought … Read moreOil Giants Stay in Their Own Backyards in U.S. Auction

New SHOWCASE Directory Companies

 

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

Commentary: Trump Can Do More For the Baltic States: Grigas

April 3, 2018, by Agnia Grigas (Reuters) Donald Trump has just held his first Baltic Summit with the leaders of Latvia, Lithuania and Estonia. At the media briefing after Tuesday’s meeting, the U.S. president re-affirmed America’s commitment to their “deep and lasting friendship” and praised his Baltic counterparts for doing “terrific jobs.” With tensions rising … Read moreCommentary: Trump Can Do More For the Baltic States: Grigas

New SHOWCASE Directory Companies

 

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

Trump Sticks by EPA Chief as Lawmakers Call for Resignation

April 3, 2018 WASHINGTON (Reuters) – President Donald Trump expressed support on Tuesday for EPA Administrator Scott Pruitt, as U.S. lawmakers including two fellow Republicans called for Pruitt’s resignation after reports he paid far below market rates to live in a condo owned by a lobbyist. Trump, in an appearance with Baltic leaders at the … Read moreTrump Sticks by EPA Chief as Lawmakers Call for Resignation

New SHOWCASE Directory Companies

 

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

Russia Says Looking at Joint Organization for Cooperation with OPEC

April 3, 2018, by Denis Pinchuk ANKARA (Reuters) – Russian Energy Minister Alexander Novak said on Tuesday a joint organization for cooperation between OPEC and non-OPEC countries may be set up once the current deal on oil output curbs expires at the end of this year. Saudi Crown Prince Mohammed bin Salman told Reuters last … Read moreRussia Says Looking at Joint Organization for Cooperation with OPEC

New SHOWCASE Directory Companies

 

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

Saudi Oil Tanker Hit in Houthi Attack Off Yemen: Coalition

Oil Tanker

April 3, 2018, by Sami Aboudi and Stephanie Nebehay DUBAI/GENEVA (Reuters) – Yemen’s Houthi group hit a Saudi oil tanker off the main port city of Hodeidah on Tuesday, the Saudi-led coalition said, in an attack that could complicate a new United Nations push to end a war that has killed more than 10,000 people. … Read moreSaudi Oil Tanker Hit in Houthi Attack Off Yemen: Coalition

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

April 4, 2018, by Lorcan Roche Kelly (Bloomberg) China’s list Yesterday, the Office of the U.S. Trade Representative published a (very long) proposed list of products imported from China that would be targeted for additional 25 percent tariffs. This morning, authorities in Beijing retaliated with their own protectionist plans on some $50 billion of U.S. goods. The agricultural … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Four Gas Pipeline Data Systems Shut Down as Cyberattack Hits

Gas Pipeline

April 4, 2018, by Naureen S. Malik, Ryan Collins and Meenal Vamburkar (Bloomberg) At least four U.S. pipeline companies have seen their electronic systems for communicating with customers shut down over the last few days, with three confirming it resulted from a cyberattack. On Tuesday, Oneok Inc., which operates natural gas pipelines in the Permian … Read moreFour Gas Pipeline Data Systems Shut Down as Cyberattack Hits

New SHOWCASE Directory Companies

 

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

U.S. States Vow to Defend Auto Fuel Efficiency Standards

Car Emissions

April 3, 2018, by Timothy Gardner WASHINGTON (Reuters) – Nearly a dozen U.S. states and Washington D.C. on Tuesday promised to defend federal automobile efficiency standards against a rollback proposed this week by Scott Pruitt, the embattled head of the Environmental Protection Agency. “All Americans … deserve to enjoy fuel-efficient, low-emission cars and light trucks … Read moreU.S. States Vow to Defend Auto Fuel Efficiency Standards

New SHOWCASE Directory Companies

 

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

OPEC Output Falls to Lowest in a Year as Venezuela’s Woes Deepen

OPEC Flag

April 3, 2018, by Angelina Rascouet (Bloomberg) OPEC crude production dropped to the lowest in a year amid the woes in Venezuela’s oil industry. Output from the 14 members of Organization of Petroleum Exporting Countries fell by 170,000 barrels to 32.04 million barrels a day in March, according to a Bloomberg News survey of analysts, oil … Read moreOPEC Output Falls to Lowest in a Year as Venezuela’s Woes Deepen

New SHOWCASE Directory Companies

 

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

California Utilities Want Wealthy Defectors to Pay Up for Power

April 3, 2018, by Christopher Martin (Bloomberg) PG&E Corp. has been losing customers in tony Marin County north of San Francisco since 2010 to a new kind of rival, and says their growing popularity is costing the utility’s remaining customers, to the tune of $180 million last year. That could balloon to $500 million in … Read moreCalifornia Utilities Want Wealthy Defectors to Pay Up for Power

New SHOWCASE Directory Companies

 

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

Third Gas Pipeline Data System Shuts a Day After Cyberattack

April 3, 2018 by Naureen S. Malik and Ryan Collins (Bloomberg)  A third U.S. pipeline company reported its electronic system for communicating with customers has stopped working, a day after a cyberattack resulted in a similar shutdown. The Department of Homeland Security, which said Monday it’s gathering information about the potential intrusion, had no immediate … Read moreThird Gas Pipeline Data System Shuts a Day After Cyberattack

New SHOWCASE Directory Companies

 

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

EPA Gives Giant Refiner a ‘Hardship’ Waiver from Regulation

U.S. President Donald Trump delivers remarks on his proposed changes to the tax code during an event with energy workers at the Andeavor Refinery in Mandan, North Dakota, U.S. September 6, 2017. REUTERS/Jonathan Ernst/File Photo

April 3, 2018, by Jarrett Renshaw and Chris Prentice NEW YORK (Reuters) – The Environmental Protection Agency has exempted one of the nation’s largest oil refining companies, Andeavor (ANDV.N), from complying with U.S. biofuels regulations – a waiver historically reserved for tiny operations in danger of going belly up, two sources familiar with the matter … Read moreEPA Gives Giant Refiner a ‘Hardship’ Waiver from Regulation

New SHOWCASE Directory Companies

 

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

Austria’s OMV, ADNOC Said to Sign Offshore Oil Deal This Month

April 3, 2018 (Bloomberg) Sources say agreement will be signed in Abu Dhabi after months of negotiations. Austrian oil producer OMV and Abu Dhabi National Oil Company are set to sign a partnership deal to produce oil from offshore fields in the Gulf later this month, according to people with knowledge of the situation. The … Read moreAustria’s OMV, ADNOC Said to Sign Offshore Oil Deal This Month

New SHOWCASE Directory Companies

 

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

Distributed Energy Generation Market Size Worth $573.7 Billion by 2025: Grand View Research, Inc.

SAN FRANCISCO, April 3, 2018 /PRNewswire/ — The global distributed energy generation (DEG) market size is expected to reach USD 573.7 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 15.0% during the forecast period. Owing to their environmental benefits, preference for DEG systems will be higher as compared … Read moreDistributed Energy Generation Market Size Worth $573.7 Billion by 2025: Grand View Research, Inc.

New SHOWCASE Directory Companies

 

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

KP Engineering Announces Completion of Cryogenic Gas Plant for Targa Resources

TYLER, Texas, April 3, 2018 /PRNewswire/ — KP Engineering, LP (KPE), an energy industry leader in engineering, procurement and construction (EPC) solutions, today announced the on-schedule, on-budget completion with no recordable safety events, of the Joyce 200 MMSCFD Cryogenic Gas Processing Unit (“Cryo”) for Targa Pipeline Mid-Continent WestTex LLC, a subsidiary of Targa Resources Corp. (NYSE: … Read moreKP Engineering Announces Completion of Cryogenic Gas Plant for Targa Resources

New SHOWCASE Directory Companies

 

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

Renewable Energy and Power Files Provisional Patent for Ambient Air Sterilization Panel Lights

/EIN News/ — N. Las Vegas, NV, April 03, 2018 (GLOBE NEWSWIRE) — Renewable Energy and Power (OTC: RBNW), a U.S.-based lighting innovation company, today announced its filing of a provisional patent for a unique LED Sterilization Panel Light intended as a low cost alternative to free standing and other types. The panel lights combine … Read moreRenewable Energy and Power Files Provisional Patent for Ambient Air Sterilization Panel Lights

New SHOWCASE Directory Companies

 

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

Contango Announces Sale of Certain Non-Core Assets

HOUSTON, April 02, 2018 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American:MCF) announced today that it has sold its operated Eagle Ford Shale assets located in Karnes County, Texas to an independent oil and gas company for $21 million.  The divestiture closed on Wednesday, March 28 and included approximately 1,500 gross (1,050 net) acres.  … Read moreContango Announces Sale of Certain Non-Core Assets

New SHOWCASE Directory Companies

 

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

Trump Is Said to Push for Initial Nafta Deal; Peso Rebounds

Donald Trump

April 3, 2018 by Eric Martin (Bloomberg)  The Trump administration is pushing for a preliminary Nafta deal to announce at a summit in Peru next week, and will host cabinet ministers in Washington to try to achieve a breakthrough, according to three people familiar with the talks. The White House wants leaders from Canada and … Read moreTrump Is Said to Push for Initial Nafta Deal; Peso Rebounds

New SHOWCASE Directory Companies

 

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

U.A.E. Says Oil Cuts Removed `85% of the Problem’ of Oversupply

Mazrouei_Energy_Minister

April 3, 2018, by Manus Cranny and Mohammed Aly Sergie (Bloomberg) The global deal to rein in oil output has removed “85 percent of the problem” of oversupply, and OPEC and allied producers are seeking ways to cooperate after the agreement ends, according to United Arab Emirates Energy Minister Suhail Al Mazrouei. The world economy … Read moreU.A.E. Says Oil Cuts Removed `85% of the Problem’ of Oversupply

New SHOWCASE Directory Companies

 

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

U.S. Carmakers May Regret What They Wished for on Pollution Rule

April 3, 2018, by Ryan Beene, Jennifer A. Dlouhy and John Lippert (Bloomberg) The titans of Detroit’s auto industry met with President Donald Trump four days after he took office and warned that jobs could be lost if the emission limits enacted by his predecessor weren’t made more flexible. On Monday, the Trump administration responded … Read moreU.S. Carmakers May Regret What They Wished for on Pollution Rule

New SHOWCASE Directory Companies

 

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

A Better Harbour Deal Shows How China Saved Santos: Gadfly

Santos Ltd. Gas Operations in Narrabri

April 2, 2018, by David Fickling (Bloomberg Gadfly) It’s barely more than two years since Australian oil and gas producer Santos Ltd. survived a brush with death. With crude prices slumping as low as $28 a barrel and net debt climbing to $6.6 billion, the company seemed on the brink. Its price-book ratio — which … Read moreA Better Harbour Deal Shows How China Saved Santos: Gadfly

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

April 3, 2018, by Lorcan Roche Kelly (Bloomberg) Bad start The worst start to the second quarter for U.S. stocks since the Great Depression is weighing on global indexes. While Asian stocks were spared the worst from yesterday’s tech-led selloff — the MSCI Asia Pacific Index slipped less than 0.1 percent — the risk-off mode … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Swiss Power Firm Wins $90m Deal for Dubai Solar Project

Solar Energy

April 3, 2018, by Arabian Business ABB to build substation that will integrate solar power from Mohammed bin Rashid Al Maktoum Solar Park to electricity grid. Swiss-based ABB has won an order worth more than $90 million from Dubai Electricity and Water Authority (DEWA) to build a substation that will integrate solar power from upcoming … Read moreSwiss Power Firm Wins $90m Deal for Dubai Solar Project

New SHOWCASE Directory Companies

 

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

Column: Hedge Fund Oil Bulls Downplay Macro Risks: Kemp

Rig Workers

April 3, 2018, by John Kemp LONDON, April 3 (Reuters) – Hedge fund managers have turned bullish again towards oil prices, casting aside the caution that prevailed during much of February and March. Hedge funds and other money managers increased their net long position in the six most important futures and options contracts linked to … Read moreColumn: Hedge Fund Oil Bulls Downplay Macro Risks: Kemp

New SHOWCASE Directory Companies

 

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

Baker Hughes Explores Sale of Gas Metering Business

Baker Hughes

April 2, 2018, by David French and Harry Brumpton (Reuters) – Baker Hughes (BHGE.N), the oilfield services company controlled by General Electric Co (GE.N), is exploring a sale of its gas detection and metering business that could be worth around $900 million, people familiar with the matter said on Monday. Oilfield services firms are seeking … Read moreBaker Hughes Explores Sale of Gas Metering Business

New SHOWCASE Directory Companies

 

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

Australia’s Santos to Open Books to Harbour Energy After Unsolicited $10.4 Billion Bid

FILE-PHOTO-The-logo-of-Australian-oil-and-gas-producer-Santos-Ltd-is-pictured-at-their-Sydney-office

April 2, 2018, by Jonathan Barrett and Paulina Duran SYDNEY (Reuters) – Australian gas producer Santos Ltd (STO.AX) said on Tuesday it would “engage with” Harbour Energy after receiving a $10.4 billion takeover offer from the U.S. company, its fourth unsolicited bid since August 2017. The bid, valuing Santos at a 28 percent premium to … Read moreAustralia’s Santos to Open Books to Harbour Energy After Unsolicited $10.4 Billion Bid

New SHOWCASE Directory Companies

 

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

Indonesian City Declares Emergency After Oil Spill

Thick plumes of smoke rise from fires near Balikpapan, Indonesia, on March 31, 2018, following an oil spill.PHOTO: REUTERS

April 3, 2018 JAKARTA (Reuters) – Indonesia has declared a state of emergency around a port on Borneo island, officials said on Tuesday, after a large oil spill and fire killed four people at the weekend. Disaster mitigation officials were able to control the blaze in the port city of Balikpapan but were still working … Read moreIndonesian City Declares Emergency After Oil Spill

New SHOWCASE Directory Companies

 

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

Cyber Attack to Key U.S. Pipeline Communications System Overcome

April 2, 2018 by Meenal Vamburkar, Naureen S. Malik and Ryan Collins (Bloomberg)  A cyber attack that hobbled the electronic communication system used by a major U.S. pipeline network has been overcome. Energy Transfer Partners LP was confident that, after 6 p.m. New York time on Monday, files could safely be exchanged through the EDI … Read moreCyber Attack to Key U.S. Pipeline Communications System Overcome

New SHOWCASE Directory Companies

 

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

American Electric Power Seeks Bids for Coal

COLUMBUS, Ohio, April 2, 2018 /PRNewswire/ — American Electric Power (NYSE: AEP) is seeking bids for the supply of coal to one or more of its generating stations. AEP seeks proposals for the following: Up to 360,000 tons of coal, FOB Barge, beginning in July 2018 and ending in December 2018 Up to 1.5 million tons of coal, FOB Barge, beginning … Read moreAmerican Electric Power Seeks Bids for Coal

New SHOWCASE Directory Companies

 

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

Chevron Announces New First Source Lubrication Marketer LubeSource

Chevron Gas Station

SAN RAMON, Calif.–(BUSINESS WIRE)–Chevron Products Company, a division of Chevron U.S.A. Inc., maker of technologically advanced engine oils, lubricants and coolants today announced LubeSource is the latest First Source Lubrication Marketer for Chevron Canada Limited. As a Chevron-branded First Source marketer, LubeSource is recognized as one of Chevron’s top-performing Delo, Havoline and Chevron Industrial Lubrication Marketers. The … Read moreChevron Announces New First Source Lubrication Marketer LubeSource

New SHOWCASE Directory Companies

 

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

ConocoPhillips Provides Update on Disposition Program and Recent Acreage Additions

HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today provided several updates on disposition activity and early life-cycle acreage acquisition activities. In the first quarter of 2018, the company closed or entered definitive agreements for approximately $250 million of proceeds from the sale of non-core assets. Several small packages in the Permian Basin closed during the quarter. A package … Read moreConocoPhillips Provides Update on Disposition Program and Recent Acreage Additions

New SHOWCASE Directory Companies

 

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

Oil and Gas CEOs to Present Company Portfolios at IPAA Investment Conference in New York

WASHINGTON–(BUSINESS WIRE)–Institutional investors, portfolio managers, financial analysts, Chief Investment Officers, and other investment community professionals who invest in the oil and natural gas industry should register now for the 24th annual Oil and Gas Investment Symposium (OGIS) New York, hosted by the Independent Petroleum Association of America (IPAA) on April 9-10, 2018 in New York City. OGIS … Read moreOil and Gas CEOs to Present Company Portfolios at IPAA Investment Conference in New York

New SHOWCASE Directory Companies

 

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

GE’s Asset Sale Starts With a Single, the First of Many: Gadfly

April 2, 2018, by Brooke Sutherland (Bloomberg Gadfly) The first significant General Electric Co. divestiture under CEO John Flannery is here, and it’s a bit underwhelming. GE announced on Monday that it was selling a bundle of health-care information-technology businesses to private equity firm Veritas Capital for $1.05 billion in cash. This divestiture makes sense: … Read moreGE’s Asset Sale Starts With a Single, the First of Many: Gadfly

New SHOWCASE Directory Companies

 

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

Renewable Fuel Credits Post Biggest Quarterly Loss in a Year

Biodiesel

April 2, 2018, by Ayenat Mersie NEW YORK (Reuters) – Prices of renewable fuel credits slumped 35.7 percent in the first three months of 2018, their biggest quarterly loss in a year, on uncertainty over the future of U.S. biofuels policy. This has been the second straight year of uncertainty for the Renewable Fuel Standard … Read moreRenewable Fuel Credits Post Biggest Quarterly Loss in a Year

New SHOWCASE Directory Companies

 

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

A Wild Ride Behind the Scenes as Saudi Crown Prince Does America

April 2, 2018, by Vivian Nereim (Bloomberg) The phone call came at 8 p.m. from the Saudi royal court: Come to The Plaza, immediately. We journalists rushed over to the Manhattan hotel, but it was almost three hours before anything happened. And when it did — when Crown Prince Mohammed bin Salman and Masayoshi Son, … Read moreA Wild Ride Behind the Scenes as Saudi Crown Prince Does America

New SHOWCASE Directory Companies

 

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

Latin American Nations Compete for Capital in Surge of Oil Auctions

View of the oil refinery Ecopetrol in Barrancabermeja, Colombia, March 1, 2017. Picture Taken March 1, 2017. REUTERS/Jaime Saldarriaga

April 2, 2018, by Marianna Parraga HOUSTON (Reuters) – For decades, many Latin America’s oil-producing nations have often shunned investment from foreign firms, instead keeping their vast reserves under the tight control of governments and state-run oil companies. They aimed to protect profits to feed public budgets, but in practice have seen some major breakdowns, … Read moreLatin American Nations Compete for Capital in Surge of Oil Auctions

New SHOWCASE Directory Companies

 

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

Tesla’s Push to Prove the Haters Wrong Proves Them Right: Gadfly

Tesla Office

March 29, 2018, by Liam Denning (Bloomberg Gadfly) There’s a touch of déjà vu about my colleague Dana Hull’s scoop Thursday that Tesla’s vice president of production urged a blitz of Model 3 vehicle production to “prove a bunch of haters wrong.” You, too, may recall CEO Elon Musk’s call in the summer of 2016 for Tesla Inc.’s … Read moreTesla’s Push to Prove the Haters Wrong Proves Them Right: Gadfly

New SHOWCASE Directory Companies

 

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

Offshore Support Vessel Market Worth 25.66 Billion USD by 2023

PUNE, India, April 2, 2018 /PRNewswire/ — According to a new market research report “Offshore Support Vessel Market by Type (AHTS, PSV, MPSV, Standby & Rescue Vessel, Crew Vessel, Chase Vessel, Seismic Vessel), Application (Shallow and Deepwater), End-User (Oil & Gas and Offshore Wind), and Region: Global Forecast to 2023“, published by MarketsandMarkets™, the global … Read moreOffshore Support Vessel Market Worth 25.66 Billion USD by 2023

New SHOWCASE Directory Companies

 

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

NextEra Energy Partners, LP Announces Sale of Canadian Renewable Portfolio

NextEra Energy Logo

JUNO BEACH, Fla., April 2, 2018 /PRNewswire/ — NextEra Energy Partners, LP (NYSE: NEP) today announced that it has entered into a definitive agreement with Canada Pension Plan Investment Board (CPPIB) for the sale of its portfolio of wind and solar generation assets located in Ontario, Canada, for a total consideration of approximately $582.3 million … Read moreNextEra Energy Partners, LP Announces Sale of Canadian Renewable Portfolio

New SHOWCASE Directory Companies

 

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

Abraxas Announces Spring Borrowing Base Redetermination and Presentation at IPAA OGIS New York

Abraxas Petroleum Logo

SAN ANTONIO–(BUSINESS WIRE)–Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (NASDAQ: AXAS) today announced that the borrowing base under the Company’s revolving credit facility was increased $40 million to $175 million in connection with the Company’s spring borrowing base redetermination. At quarter end March 31, 2018, Abraxas was $104 million drawn on the credit facility with … Read moreAbraxas Announces Spring Borrowing Base Redetermination and Presentation at IPAA OGIS New York

New SHOWCASE Directory Companies

 

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

Oil Creeps up Towards $70 on Lower U.S. Drilling, Iran Sanctions Concern

April 2, 2018, by Alex Lawler LONDON (Reuters) – Oil rose towards $70 a barrel on Monday, lifted by a drop in drilling activity in the United States and concerns that Washington could reintroduce sanctions against Iran. U.S. drillers cut seven oil rigs in the week to March 29, bringing the total down to 797, … Read moreOil Creeps up Towards $70 on Lower U.S. Drilling, Iran Sanctions Concern

New SHOWCASE Directory Companies

 

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

Bahrain Discovers Largest Oilfield in Country Since 1932

A desert oil field in the Sakhir area of Bahrain. The country ranks 57th in the list of oil producers. Photograph: Hasan Jamali/AP

April 1, 2018 RIYADH (Reuters) – Bahrain said on Sunday it had discovered the country’s largest oilfield in decades, located off the west coast of the kingdom, according to state news agency BNA. The new tight oil and deep gas resource is expected to contain many times the amount of oil produced by Bahrain’s existing … Read moreBahrain Discovers Largest Oilfield in Country Since 1932

New SHOWCASE Directory Companies

 

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

Tanker Docks at ExxonMobil’s Papua New Guinea LNG Export Terminal

LNG Tanker

SINGAPORE, April 2 (Reuters) – A liquefied natural gas (LNG) tanker has docked at ExxonMobil’s Papua New Guinea export plant, which has been shut since late February following a powerful earthquake, indicating that the facility is preparing to resume shipments. The 172,000-cubic metre capacity LNG tanker Kumul, custom-built for the ExxonMobil operated PNG LNG project, … Read moreTanker Docks at ExxonMobil’s Papua New Guinea LNG Export Terminal

New SHOWCASE Directory Companies

 

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

Iraq Signs Contract with Baker Hugues, GE to Process Natural Gas Produced with Crude Oil

April 2, 2018 BAGHDAD (Reuters) – Iraq signed a contract with Baker Hughes and General Electric to process natural gas extracted alongside crude oil produced from two fields in the south of the country, the oil ministry said in a statement on Monday. Reporting by Maher Chmaytelli; editing by John Stonestreet

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

April 2, 2018, by Natasha Doff (Bloomberg) Trade tensions The prospect of a trade war intensified after China urged trade talks with the U.S. while saying that previously announced retaliatory measures on American imports took effect on Monday. The U.S. didn’t respond to China’s March 26 request for consultation on Washington’s steel and aluminum duties, … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Saudi Aramco Announces $10bn Collaboration with US Firms

March 29, 2018, by Arabian Business CEO and president Amin Nasser says exploring other deals in the infrastructure, manufacturing and service industry sectors. Saudi Aramco has announced $10 billion worth of cooperation deals with 14 American companies, the company announced during the Saudi-US CEOs forum in New York City. The 14 American companies with which … Read moreSaudi Aramco Announces $10bn Collaboration with US Firms

New SHOWCASE Directory Companies

 

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

FirstEnergy Nuclear, Coal Plant Units File for Bankruptcy Protection

Nuclear Plant in Ohio

April 1, 2018 NEW YORK (Reuters) – FirstEnergy Corp said late on Saturday its nuclear and coal power plant units filed for bankruptcy court protection as the company looks to restructure, sell assets and win government support to cope with competitors using lower-cost natural gas. The Chapter 11 filing was made by FirstEnergy Solutions and … Read moreFirstEnergy Nuclear, Coal Plant Units File for Bankruptcy Protection

New SHOWCASE Directory Companies

 

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

Natural Gas Weekly Update Report – March 29, 2018

Gross natural gas production in the Permian Basin has nearly doubled in the past four years     Gross natural gas production in the Permian Basin increased by 86% from March 2014 to March 2018, according to EIA’s most recent Drilling Productivity Report. Production in March 2018 is estimated at 10.0 billion cubic feet per day (Bcf/d), … Read moreNatural Gas Weekly Update Report – March 29, 2018

New SHOWCASE Directory Companies

 

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

Kinder Morgan Should Stop Hanging With Those MLP Kids: Gadfly

March 29, 2018 by Liam Denning (Bloomberg Gadfly) Kinder Morgan Inc. is back in Warren Buffett territory. The pipelines giant’s stock closed below $15 on Wednesday for the first time since February 2016, when anything energy-related had all the appeal — and consistency — of week-old roadkill. Naturally, that’s when Berkshire Hathaway Inc. showed up: News … Read moreKinder Morgan Should Stop Hanging With Those MLP Kids: Gadfly

New SHOWCASE Directory Companies

 

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

Willbros Reports Fourth Quarter and Full Year 2017 Results

March 29, 2018  | Source: Willbros United States Holdings, Inc Q1 2018 Backlog Additions of $212 Million for the Utility T&D Segment Willbros shares are now traded on the OTC under the symbol WGRP Due to the Recent Transaction Announcement with Primoris Services Corporation, No Conference Call will be Held  HOUSTON, March 29, 2018 (GLOBE NEWSWIRE) — … Read moreWillbros Reports Fourth Quarter and Full Year 2017 Results

New SHOWCASE Directory Companies

 

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

Five Point Energy Closes $750 Million Midstream Energy Fund at Hard Cap

HOUSTON, March 29, 2018 /PRNewswire/ — Five Point Energy (“Five Point”), formerly Five Point Capital Partners LLC, a private equity firm focused exclusively on investments within the midstream and energy infrastructure sector, today announced the final closing of Five Point Energy Fund II L.P. (the “Fund”). The Fund was oversubscribed and closed at its hard cap … Read moreFive Point Energy Closes $750 Million Midstream Energy Fund at Hard Cap

New SHOWCASE Directory Companies

 

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

CenterPoint Energy Resources Corp. Announces Closing of $600 Million Senior Notes Offering

HOUSTON, March 28, 2018 /PRNewswire/ — CenterPoint Energy Resources Corp. (CERC), an indirect, wholly-owned subsidiary of CenterPoint Energy, Inc. (NYSE: CNP), today announced the closing of its offering and sale of $300 million aggregate principal amount of 3.55 percent Senior Notes due 2023 and $300 million aggregate principal amount of 4.00 percent Senior Notes due … Read moreCenterPoint Energy Resources Corp. Announces Closing of $600 Million Senior Notes Offering

New SHOWCASE Directory Companies

 

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

Oil to Rise in 2018 as OPEC Wages Tug-of-War With U.S. Shale: Reuters Poll

March 29, 2018, by Apeksha Nair (Reuters) – Oil prices are likely to rise this year thanks to supply disruptions and an OPEC-led deal to limit production, but doubts over the future of compliance with the multilateral agreement and rising U.S. production could stem the upward momentum, a Reuters poll showed on Thursday. A survey … Read moreOil to Rise in 2018 as OPEC Wages Tug-of-War With U.S. Shale: Reuters Poll

New SHOWCASE Directory Companies

 

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

U.S. Crude Stockpiles Build Unexpectedly as Imports Jump: EIA

March 28, 2018, by Jessica Resnick-Ault NEW YORK (Reuters) – U.S. crude oil stockpiles rose unexpectedly last week as imports soared, while gasoline and distillate inventories fell more than expected, the Energy Information Administration said on Wednesday. Crude inventories USOILC=ECI rose by 1.6 million barrels in the week to March 23, compared with analysts’ expectations … Read moreU.S. Crude Stockpiles Build Unexpectedly as Imports Jump: EIA

New SHOWCASE Directory Companies

 

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

Four Oil Majors Interested in Algeria Offshore Drilling: State Agency

March 28, 2018 ALGIERS (Reuters) – Oil majors Anadarko, Total, ENI and Statoil have expressed interest in helping Algeria start offshore drilling, according to state news agency APS which quoted the CEO of the North African country’s state energy firm Sonatrach. “They are interested in joining Sonatrach to develop offshore drilling activity in Algeria,” CEO … Read moreFour Oil Majors Interested in Algeria Offshore Drilling: State Agency

New SHOWCASE Directory Companies

 

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

Firms Complain of Contaminated Crude from U.S. Reserve

Pipeline Oil Storage

March 28, 2018, by Catherine Ngai NEW YORK (Reuters) – Three firms that bought crude oil last year from U.S. emergency stockpiles raised concerns about dangerous levels of a poisonous chemical in the cargoes, according to internal Energy Department emails and shipping documents reviewed by Reuters. Problems with crude quality would make the U.S. Strategic … Read moreFirms Complain of Contaminated Crude from U.S. Reserve

New SHOWCASE Directory Companies

 

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

Saudi’s $200bn Solar Park to Include Largest Utility-Scale Battery Ever Made

March 29, 2018 (Bloomberg) Project is 100 times larger than any other proposed in the world. The world’s biggest-ever solar project – a $200 billion venture in Saudi Arabia – comes with a “batteries included” sticker that signals a major shift for the industry. SoftBank Group partnered with the oil-rich Saudis this week to plan … Read moreSaudi’s $200bn Solar Park to Include Largest Utility-Scale Battery Ever Made

New SHOWCASE Directory Companies

 

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

Frustrated with Trump, Green Group Goes Local with Clean Energy Campaign

March 29, 2018, by Nichola Groom (Reuters) – U.S. environmental group the League of Conservation Voters on Thursday launched a $2 million campaign to press this year’s candidates for state and local office to embrace clean energy, citing a lack of leadership on the issue in Washington. The effort seeks to tap into increasing local-level … Read moreFrustrated with Trump, Green Group Goes Local with Clean Energy Campaign

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

March 29, 2018, by Lorcan Roche Kelly (Bloomberg) Calm, so far The last day of trading of the quarter for most Western stocks has gotten off to a relatively quiet start. While yesterday’s U.S. session was once again dominated by tech, there has been no repeat of the global equity weakness of recent sessions. Overnight, … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

U.S. oil producer costs climb with more drilling: Fed Survey

Oil Workers

March 28, 2018 HOUSTON (Reuters) – Oil and gas business activity continued to climb last quarter, driven by an improved oilfield services sector, but costs for goods and labor also rose, the Federal Reserve Bank of Dallas said on Wednesday in its quarterly energy survey. About 65 percent of the 140 energy firms surveyed in … Read moreU.S. oil producer costs climb with more drilling: Fed Survey

New SHOWCASE Directory Companies

 

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

Shale Patch Making Money, Hiring and Ready to Drill for More

Pump Jack

March 28, 2018, by Kevin Crowley (Bloomberg) An upbeat shale patch, much to OPEC’s dismay, is hiring and ready to drill for more oil as producers are comfortably making a profit. But you have to be big if you’re competing in America’s prime spots. The vast majority of explorers surveyed for a Federal Reserve Bank … Read moreShale Patch Making Money, Hiring and Ready to Drill for More

New SHOWCASE Directory Companies

 

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

Texas-Sized Gas Conundrum Emerges in America’s Busiest Oil Field

March 28, 2018, by Ryan Collins and Naureen S. Malik (Bloomberg) America’s most prolific oil field is now its worst market for natural gas. A pipeline shortage that’s leaving gas trapped in West Texas’ Permian Basin means prices for the fuel there are the lowest of any major U.S. hub, wresting that distinction from Appalachia’s Marcellus … Read moreTexas-Sized Gas Conundrum Emerges in America’s Busiest Oil Field

New SHOWCASE Directory Companies

 

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

U.S. Refiners Sitting on a Mountain of Partially Processed Gunk

March 28, 2018, by Laura Blewitt (Bloomberg) U.S. stockpiles of “unfinished oils” are sitting at the highest levels since 2007, rising 14 percent this quarter alone. This brings up two questions — why is this happening? And more importantly, what exactly are unfinished oils? The Energy Information Administration defines them as such: “All oils requiring … Read moreU.S. Refiners Sitting on a Mountain of Partially Processed Gunk

New SHOWCASE Directory Companies

 

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

Who’s Next in Permian? A List of Targets After Concho Deal

March 28, 2018, by Alex Nussbaum (Bloomberg) Oil-industry watchers have been predicting a wave of buyouts among U.S. shale drillers for years. Has the starting gun finally fired? Concho Resources Inc.’s $8 billion buyout of rival RSP Permian Inc., announced Wednesday, is being hailed by analysts as a sign the era of consolidation is at … Read moreWho’s Next in Permian? A List of Targets After Concho Deal

New SHOWCASE Directory Companies

 

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

Winners and Losers of the Big Permian Shale Get-Together: Gadfly

Permian Basin Shale

March 28, 2018, by Liam Denning (Bloomberg Gadfly) Shale’s hot spot finally got the hot deal everyone’s been waiting for. Concho Resources Inc. on Wednesday announced a $9.5 billion acquisition of the subtly named RSP Permian Inc. In some ways, it is a perfect deal. Being all stock, it lets RSP’s shareholders stay in the … Read moreWinners and Losers of the Big Permian Shale Get-Together: Gadfly

New SHOWCASE Directory Companies

 

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

Fossil Fuels Squeezed by Plunge in Cost of Renewables, BNEF Says

March 28, 2018, by Jeremy Hodges (Bloomberg) The economics of generating electricity from fossil fuels are deteriorating rapidly as renewable energy technology plunges in costs. That’s the conclusion of a Bloomberg New Energy Finance report on the levelized cost of energy, a measure that takes into account the expenses from buying equipment, servicing debt and … Read moreFossil Fuels Squeezed by Plunge in Cost of Renewables, BNEF Says

New SHOWCASE Directory Companies

 

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

Primoris Services Corporation to Acquire Willbros

March 28, 2018  | Source: Willbros United States Holdings, Inc. HOUSTON, March 28, 2018 (GLOBE NEWSWIRE) — Willbros Group, Inc. (OTC:WGRP) (“Company”) announced today that the Company has entered into a definitive agreement to be acquired by Primoris Services Corporation (NASDAQ:PRIM) (“Primoris”). Primoris is one of the largest publicly traded specialty construction and infrastructure companies in the … Read morePrimoris Services Corporation to Acquire Willbros

New SHOWCASE Directory Companies

 

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

ENSERVCO Announces First Quarter Revenue Expected to Exceed $20 Million vs. $13.8 Million in the Same Quarter Last Year

Announces New Guidance Policy Designed to Provide Investors with More Transparency into Financial Results and Operating Highlights March 28, 2018 07:00 ET | Source: ENSERVCO DENVER, March 28, 2018 (GLOBE NEWSWIRE) — ENSERVCO Corporation (NYSE American:ENSV), a diversified national provider of specialized well-site services to the domestic onshore conventional and unconventional oil and gas industries, today announced a formal … Read moreENSERVCO Announces First Quarter Revenue Expected to Exceed $20 Million vs. $13.8 Million in the Same Quarter Last Year

New SHOWCASE Directory Companies

 

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

Burns & McDonnell Adds Entergy Project to $3.2 Billion Slate in Texas, Louisiana, an Industrial Info News Alert

SUGAR LAND, Texas, March 28, 2018 /PRNewswire/ — Researched by Industrial Info Resources (Sugar Land, Texas)–Burns & McDonnell Incorporated (Kansas City, Missouri) is adding to an already-impressive slate of projects in Texas and Louisiana. Entergy Corporation (New Orleans, Louisiana) recently hired the engineering, procurement and construction (EPC) contractor for a gas-fired power plant, and numerous … Read moreBurns & McDonnell Adds Entergy Project to $3.2 Billion Slate in Texas, Louisiana, an Industrial Info News Alert

New SHOWCASE Directory Companies

 

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

RSP Permian, Inc (RSPP) ALERT: Johnson Fistel, LLP Launches an Investigation into the Proposed Sale of RSP Permian, Inc. and Encourages Investors to Contact the Firm for Additional Information

SAN DIEGO, March 28, 2018 /PRNewswire/ — Shareholder rights law firm Johnson & Fistel, LLP has launched an investigation into whether the board members of RSP Permian, Inc. (NYSE: RSPP) (“RSP”) breached their fiduciary duties in connection with the proposed sale of the Company to Concho Resources Inc. (“Concho Resources“). Additional Information: RSP Permian, Inc., … Read moreRSP Permian, Inc (RSPP) ALERT: Johnson Fistel, LLP Launches an Investigation into the Proposed Sale of RSP Permian, Inc. and Encourages Investors to Contact the Firm for Additional Information

New SHOWCASE Directory Companies

 

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

X-energy Contracts with Centrus to Support Advanced Nuclear Fuel Fabrication Facility Work

BETHESDA, Md.–(BUSINESS WIRE)–Centrus Energy Corp. (NYSE American: LEU), an experienced nuclear fuel technology company, has signed a services contract with X Energy, LLC (X-energy) to support the design of a facility to produce advanced nuclear fuel. The contract builds upon a memorandum of understanding the companies signed in September 2017 to collaborate toward production of … Read moreX-energy Contracts with Centrus to Support Advanced Nuclear Fuel Fabrication Facility Work

New SHOWCASE Directory Companies

 

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

Oil Heads for Longest Slide in a Month as Fears of Glut Increase

Oil Barrels

March 28, 2018, by Alex Longley Oil headed for its longest losing streak in almost a month on signs a global glut may persist. Futures in New York fell as much as 1.3 percent after dropping about 1 percent over the previous two sessions. An industry report was said to show a 5.32 million-barrel gain … Read moreOil Heads for Longest Slide in a Month as Fears of Glut Increase

New SHOWCASE Directory Companies

 

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

OPEC Seeks ‘Very Long-Term’ Cooperation with Other Oil Exporters

March 28, 2018, by Ahmed Rasheed BAGHDAD (Reuters) – OPEC is seeking “very long-term” cooperation with other crude exporters, the secretary general of the oil exporting group said on Wednesday. Mohammad Barkindo was commenting on news that top OPEC producer Saudi Arabia and non-OPEC Russia were working on a long-term pact that could extend controls … Read moreOPEC Seeks ‘Very Long-Term’ Cooperation with Other Oil Exporters

New SHOWCASE Directory Companies

 

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

Shell Suspects Ex-Executive Committed Crime in Nigeria Deal

Shell Gas Station

March 28, 2018, by Kelly Gilblom Royal Dutch Shell Plc referred a former vice president for sub-Saharan Africa Peter Robinson to the Dutch authorities, suspecting he may have committed crimes related to an asset sale in Nigeria. The allegations of criminal misconduct by one of its employees come at a difficult time for Shell. Europe’s … Read moreShell Suspects Ex-Executive Committed Crime in Nigeria Deal

New SHOWCASE Directory Companies

 

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

We All Love Wind Power, Unless You Want to Make Money: Gadfly

March 28, 2018, by Chris Bryant (Bloomberg Gadfly) Climate change will have some very unpleasant consequences, unless we cut our dependence on fossil power. Generating electricity from the wind is clean and increasingly cheap. So it’s ascent looks assured, whatever ornithologists and President Donald Trump might think. Why then have shares in Germany’s Nordex SE, the sixth-biggest … Read moreWe All Love Wind Power, Unless You Want to Make Money: Gadfly

New SHOWCASE Directory Companies

 

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

Oil Market “Locked”, Almost All Funds Expect Further Price Rises: Kemp

March 27, 2018, by John Kemp LONDON, March 27 (Reuters) – Hedge funds had turned more bullish on the outlook for petroleum prices, even before the decision to replace the U.S. president’s national security adviser with an anti-Iran hawk was announced on Thursday. Hedge funds and other money managers increased their net long position in … Read moreOil Market “Locked”, Almost All Funds Expect Further Price Rises: Kemp

New SHOWCASE Directory Companies

 

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

U.S. Agency Proposes Scrapping Higher Automaker Penalties for ‘Gas Guzzlers’

March 27, 2018, by David Shepardson NEW YORK (Reuters) – The U.S. National Highway Traffic Safety Administration (NHTSA) said late on Tuesday it was proposing to cancel a planned hike in higher “gas-guzzler” penalties for automakers whose vehicles fail to meet minimum fuel-economy standards. NHTSA in July suspended a 2016 Obama administration regulation that more … Read moreU.S. Agency Proposes Scrapping Higher Automaker Penalties for ‘Gas Guzzlers’

New SHOWCASE Directory Companies

 

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

SoftBank Vision Fund, Saudi Arabia to Create World’s Biggest Solar Power Firm

March 27, 2018, by David French NEW YORK (Reuters) – SoftBank Group Corp’s (9984.T) Vision Fund will invest in creating the world’s biggest solar power project in Saudi Arabia, it said on Tuesday, stepping up its involvement in the kingdom and expanding beyond technology. The project is expected to have the capacity to produce up … Read moreSoftBank Vision Fund, Saudi Arabia to Create World’s Biggest Solar Power Firm

New SHOWCASE Directory Companies

 

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

Concho Resources Inc. to Acquire RSP Permian, Inc. in All-Stock Transaction

MIDLAND, Texas & DALLAS–(BUSINESS WIRE)–Concho Resources Inc. (NYSE: CXO) and RSP Permian, Inc. (NYSE: RSPP) today announced they have entered into a definitive agreement under which Concho will acquire RSP in an all-stock transaction valued at approximately $9.5 billion, inclusive of RSP’s net debt. The consideration will consist of 0.320 shares of Concho common stock … Read moreConcho Resources Inc. to Acquire RSP Permian, Inc. in All-Stock Transaction

New SHOWCASE Directory Companies

 

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

Russia’s Lukoil Overtakes Rivals Rosneft, Gazprom in Market Value

March 28, 2018 MOSCOW (Reuters) – Lukoil, Russia’s second biggest oil producer by output, became the country’s biggest company by market capitalization on Wednesday, briefly overtaking state-owned Rosneft and Gazprom. Lukoil’s shares hit an intraday all-time high of 3,985 rubles ($69.24) in mid-January on a recovery in oil prices, although its market value was less … Read moreRussia’s Lukoil Overtakes Rivals Rosneft, Gazprom in Market Value

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

March 28, 2018, by Lorcan Roche Kelly (Bloomberg) Markets fall The stock selloff that began during the second half of yesterday’s U.S. market session has spread across the world. Tech stocks led the drops, with Nvidia Corp. and Facebook Inc. among the hardest hit. Overnight, the MSCI Asia Pacific Index fell 1.3 percent while Japan’s Topix index … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Southcross Energy Partners, L.P. Unitholders Approve Merger with American Midstream Partners

March 27, 2018| Source: Southcross Energy Partners, L.P. DALLAS, Texas, March 27, 2018 (GLOBE NEWSWIRE) — Southcross Energy Partners, L.P. (NYSE:SXE) (“Southcross” or “SXE”) announced today that its unitholders have voted to approve the previously announced proposed merger of Southcross and American Midstream Partners, LP (NYSE:AMID) (“AMID”) and related matters pursuant to the Agreement and Plan of … Read moreSouthcross Energy Partners, L.P. Unitholders Approve Merger with American Midstream Partners

New SHOWCASE Directory Companies

 

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

Targa Resources Announces Additional Delaware Basin Processing Expansions, an Extension of its Grand Prix NGL Pipeline into Oklahoma and Potential Asset Sales; Also Posts Updated Investor Presentation

March 27, 2018 | Source: Targa Resources Corp. HOUSTON, March 27, 2018 (GLOBE NEWSWIRE) — Targa Resources Corp. (NYSE:TRGP) (“Targa” or the “Company”) announced today that it has entered into long-term fee-based agreements with an investment grade energy company for natural gas gathering and processing services in the Delaware Basin and for downstream transportation, fractionation and other related … Read moreTarga Resources Announces Additional Delaware Basin Processing Expansions, an Extension of its Grand Prix NGL Pipeline into Oklahoma and Potential Asset Sales; Also Posts Updated Investor Presentation

New SHOWCASE Directory Companies

 

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

Exclusive: OPEC, Russia consider 10-20 year oil alliance – Saudi Crown Prince

NEW YORK (Reuters) – Saudi Arabia and Russia are working on a historic long-term pact that could extend controls over world crude supplies by major exporters for many years to come Saudi Arabia’s Crown Prince Mohammed Bin Salman attends the Annual Horse Race ceremony, in Riyadh, Saudi Arabia, December 30, 2017. Bandar Algaloud/Courtesy of Saudi … Read moreExclusive: OPEC, Russia consider 10-20 year oil alliance – Saudi Crown Prince

New SHOWCASE Directory Companies

 

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

Saudi Crown Prince Says Aramco IPO May Be 2019, Reuters Reports

March 27, 2018 by Javier Blas (Bloomberg)  Saudi Arabia Crown Prince Mohammed bin Salman said the initial public offering of state oil company Aramco could be delayed until early 2019, pushing back a central plank of his plan to modernize the country’s economy. The sale of a 5 percent stake in the company could take … Read moreSaudi Crown Prince Says Aramco IPO May Be 2019, Reuters Reports

New SHOWCASE Directory Companies

 

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

Big Oil’s Glass Ceiling Starts to Crack as Women Ascend

Big Oil

March 27, 2018 by Kevin Crowley and Kelly Gilblom (Bloomberg)  Supermajor oil producers are increasingly promoting female executives to oversee marquee U.S. assets. In the latest turnabout for an industry dominated by men for all of its 159-year history, former Maersk Oil CEO Gretchen Watkins is set to oversee Royal Dutch Shell Plc’s sprawling U.S. … Read moreBig Oil’s Glass Ceiling Starts to Crack as Women Ascend

New SHOWCASE Directory Companies

 

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

U.S. liquefied natural gas exports quadrupled in 2017

U.S. exports of liquefied natural gas (LNG) reached 1.94 billion cubic feet per day (Bcf/d) in 2017, up from 0.5 Bcf/d in 2016. As LNG exports increased, shipments went to more destinations. U.S. LNG exports in 2017, all of which originated from Louisiana’s Sabine Pass liquefaction terminal, reached 25 countries. See graph and read more…

New SHOWCASE Directory Companies

 

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

SM Energy Announces Closing Of Powder River Basin Asset Sale And Provides Additional Updates

March 26, 2018 DENVER, March 26, 2018 /PRNewswire/ — SM Energy Company (the “Company”) (NYSE: SM) today announced that it completed the previously announced sale of the majority of its assets in the Powder River Basin for $500 million ($491.5 million net cash proceeds, subject to final purchase price adjustments). Assets sold include approximately 112,200 predominantly contiguous net acres with … Read moreSM Energy Announces Closing Of Powder River Basin Asset Sale And Provides Additional Updates

New SHOWCASE Directory Companies

 

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

U.S. judge approves Philadelphia refiner’s bankruptcy plan

March 26, 2018 Reuters WILMINGTON, Del. (Reuters) – A U.S. bankruptcy judge approved Philadelphia Energy Solutions’ plan for Chapter 11 bankruptcy in a Delaware court on Monday, clearing the path for the largest and oldest refinery on the U.S. East Coast to begin its latest recovery. The confirmation in the U.S. Bankruptcy Court of Delaware removes … Read moreU.S. judge approves Philadelphia refiner’s bankruptcy plan

New SHOWCASE Directory Companies

 

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

Oil Advances as Easing Trade Tensions Counter Oversupply Fears

Oil Prices Up

March 27, 2018 by Alex Longley (Bloomberg)  Oil traded above $66 a barrel as global trade tensions showed signs of easing, countering concerns that U.S. crude stockpiles may have resumed their expansion last week. Futures in New York rose 1.1 percent, remaining near the year’s highest close set in January at $66.14. A resurgence in … Read moreOil Advances as Easing Trade Tensions Counter Oversupply Fears

New SHOWCASE Directory Companies

 

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

For Some Wounded American Drillers, the Oil Rout Never Ended

March 27, 2018 by Alex Nussbaum (Bloomberg)  More than a year after exiting bankruptcy, SandRidge Energy Inc. is stuck in stock-market purgatory. The oil and gas explorer has seen its stock sink 37 percent since October 2016, despite a restructuring that wiped out $4 billion in debt. Activist investor Carl Icahn is threatening a proxy … Read moreFor Some Wounded American Drillers, the Oil Rout Never Ended

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

March 27, 2018 by Lorcan Roche Kelly (Bloomberg)  Trade war fears fade, markets rally, and there’s a raft of corporate news this morning. Here are some of the things people in markets are talking about today. Jaw jaw, not war war Talks between Treasury Secretary Steven Mnuchin and his Chinese counterpart on formulating a deal to resolve trade … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Pioneer Natural Resources Company Announces Sale of Selected Eagle Ford Shale Acreage for $102 Million

March 27, 2018 DALLAS–(BUSINESS WIRE)–Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today announced that it has signed a purchase and sale agreement with Sundance Energy, Inc. to sell approximately 10,200 net acres in the western portion of Pioneer’s Eagle Ford Shale acreage position for $102 million, subject to normal closing adjustments. The acreage is … Read morePioneer Natural Resources Company Announces Sale of Selected Eagle Ford Shale Acreage for $102 Million

New SHOWCASE Directory Companies

 

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

RigNet Announces Closing of Intelie Acquisition

March 26, 2018 | Source: RigNet, Inc. HOUSTON, March 26, 2018 (GLOBE NEWSWIRE) — RigNet, Inc. (NASDAQ:RNET) announced today that it has completed the previously announced acquisition of Intelie. Intelie has developed a technology platform for real-time predictive analytics that is an award-winning, early pioneer in real-time machine learning and planning optimization. The closing was effective March … Read moreRigNet Announces Closing of Intelie Acquisition

New SHOWCASE Directory Companies

 

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

Mid-Con Energy Partners, LP Announces the Appointment of Chief Financial Officer

March 26, 2018  | Source: Mid-Con Energy Partners, LP TULSA, March 26, 2018 (GLOBE NEWSWIRE) — Mid-Con Energy Partners, LP (NASDAQ:MCEP) (“Mid-Con Energy” or the “Partnership”) is pleased to announce the appointment of Philip R. Houchin as Chief Financial Officer of Mid-Con Energy GP, LLC, the general partner (“General Partner”) of the Partnership, effective March 30, 2018. … Read moreMid-Con Energy Partners, LP Announces the Appointment of Chief Financial Officer

New SHOWCASE Directory Companies

 

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

Brent Holds Near $70 as Middle East Tensions Trump Stock Slide

March 26, 2018 by Alex Longley (Bloomberg)  Brent held near $70 a barrel after Saudi Arabia intercepted multiple ballistic missiles fired by Houthi forces in Yemen. Futures in London were little changed, after earlier rising as much as 0.9 percent on speculation a worsening of the situation with Yemen will lead to supply disruptions in … Read moreBrent Holds Near $70 as Middle East Tensions Trump Stock Slide

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

March 26, 2018 by Lorcan Roche Kelly (Bloomberg)  Trade war tensions may ease, China oil futures start trading, and Facebook remains under pressure. Here are some of the things people in markets are talking about today. Deal hopes Treasury Secretary Steven Mnuchin said he is optimistic that a deal can be reached with China which would avert … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Oil Industry’s Female Pay Gap Is Worse Among the Explorers

Mar 25, 2018 by Angelina Rascouet (Bloomberg)  Being a top female earner for a major integrated oil company is a rarity, but among the smaller explorers and producers it’s even more of an anomaly. Only 5 percent of people in the top pay quartile at the U.K. operations of Premier Oil Plc were women, according … Read moreOil Industry’s Female Pay Gap Is Worse Among the Explorers

New SHOWCASE Directory Companies

 

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

One of World’s Dirtiest Oil Sources Wants to Be Green, But How?

March 25, 2018 by Jim Efstathiou Jr. and Kevin Orland (Bloomberg)  One of most aggressive campaigns to fight global warming is happening in a Canadian province. There’s just one problem: the same place is also home to some of the dirtiest oil in the world. Alberta is boosting its use of renewable energy, closing power … Read moreOne of World’s Dirtiest Oil Sources Wants to Be Green, But How?

New SHOWCASE Directory Companies

 

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

Gulfport Energy Corporation Provides SCOOP Well Results

March 26, 2018 07:30 ET | Source: Gulfport Energy Corporation OKLAHOMA CITY, March 26, 2018 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (NASDAQ:GPOR) (“Gulfport” or the “Company”) today provided an update on recent SCOOP well results. Key highlights include: North Cheyenne 3-10X3H produced at an average 30-day production rate of 12.1 MMcfe per day, or 1,682 Mcfe per 1,000 foot … Read moreGulfport Energy Corporation Provides SCOOP Well Results

New SHOWCASE Directory Companies

 

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

World Energy takes on new partners, new assets and new capital to accelerate growth

Adds Biox Corporation to growing portfolio of Biomass Based Diesel assets March 26, 2018 | Source: World Energy Solutions BOSTON, March 26, 2018 (GLOBE NEWSWIRE) — Boston based advanced biofuel producer, World Energy, LLC (World Energy) announced today that it has partnered to accelerate growth with an investment group led by Halifax, Nova Scotia based CFFI Ventures … Read moreWorld Energy takes on new partners, new assets and new capital to accelerate growth

New SHOWCASE Directory Companies

 

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

U.S. natural gas Henry Hub premium over Marcellus on track for 5 year low

March 25, 2018 Reuters  Marcellus shale gas drilling rig The premium of U.S. natural gas prices at the Gulf Coast over the Marcellus and Utica shale in Appalachia was on track to fall to its lowest since 2013 as more pipelines enter service, boosting takeaway capacity from the Northeast region.The new pipes have enabled producers to … Read moreU.S. natural gas Henry Hub premium over Marcellus on track for 5 year low

New SHOWCASE Directory Companies

 

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

[Tech Sheet] EvoOne: Unified Telemetry Provides Reliable, High-Density Directional Drilling Data

Evolution-Horizontal-Feature

Reliability Above All Being able to adapt to changing drilling conditions is critical in today’s market. This means measurement while drilling (MWD) tools must be able to accommodate adjustments of drilling parameters to maintain efficiency or react to unplanned changes to fluid or flow rates. With the time to drill a well decreasing every day, … Read more[Tech Sheet] EvoOne: Unified Telemetry Provides Reliable, High-Density Directional Drilling Data

New SHOWCASE Directory Companies

 

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

Oil Explorers Push U.S. Drilling to Pace Last Seen in 2015

Oil Workers

March 25, 2018 by Bailey Schulz (Bloomberg)  Crude explorers boosted drilling activity in U.S. oil fields to levels not seen in three years amid rising confidence that worldwide demand will keep energy prices elevated. U.S. working rigs targeting oil rose by four this week to 804, the highest since late March 2015, according to data … Read moreOil Explorers Push U.S. Drilling to Pace Last Seen in 2015

New SHOWCASE Directory Companies

 

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

U.S. Investors Will Have Chance to Buy Aramco Shares, Saudis Say

March 24, 2018 by Stephen Cunningham (Bloomberg)  Americans will have a chance to own shares in Saudi Arabia’s oil company, the nation’s energy minister said. Saudi Energy Minister Khalid Al-Falih also said some investors have been slow to sign on to the reform plan proposed by Crown Prince Mohammed bin Salman because they are focused … Read moreU.S. Investors Will Have Chance to Buy Aramco Shares, Saudis Say

New SHOWCASE Directory Companies

 

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

GulfMark Offshore, Inc. Announces Three Months Ended December 31, 2017 Operating Results Conference Call

March 23, 2018 | Source: GulfMark Offshore, Inc. HOUSTON, March 23, 2018 (GLOBE NEWSWIRE) — GulfMark Offshore, Inc. (NYSE:GLF) announced today that its three months ended December 31, 2017 operating results conference call is scheduled for Thursday, March 29, 2018, at 9:00 a.m. eastern standard time. The conference call will include a discussion by management regarding the … Read moreGulfMark Offshore, Inc. Announces Three Months Ended December 31, 2017 Operating Results Conference Call

New SHOWCASE Directory Companies

 

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

Saudi backs extending output cuts into 2019

 NEW YORK (Reuters) – Crude prices rose on Friday, with WTI up 4.4 percent after the Saudi energy minister said OPEC and allied producers would need to keep coordinating supply cuts into 2019, and as concerns grew over the future of Iranian crude exports. U.S. West Texas Intermediate (WTI) crude futures were at $65.34 a … Read moreSaudi backs extending output cuts into 2019

New SHOWCASE Directory Companies

 

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

Apache Corporation Announces Significant New Discovery at Garten Prospect in U.K. North Sea

March 23, 2018 | Source: Apache Corporation HOUSTON, March 23, 2018 (GLOBE NEWSWIRE) — Apache Corporation (NYSE:APA) (Nasdaq:APA) today announced a significant oil discovery on Block 9/18a Area-W in the United Kingdom sector of the North Sea. Garten is located 6 kilometers south of the Beryl Alpha Platform. The Garten discovery well targeted a downthrown structural closure … Read moreApache Corporation Announces Significant New Discovery at Garten Prospect in U.K. North Sea

New SHOWCASE Directory Companies

 

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

Wall Street Divided as Global Equity Wipeout Nears $1 Trillion

March 23, 2018 by Sarah Ponczek (Bloomberg)  As Wall Street analysts debate what comes next amid heated rhetoric over tariffs and retaliation, investors aren’t sticking around to find out. The S&P 500 Index tumbled in late trading Friday, with the cascading losses wiping almost $1 trillion from global equity markets since President Donald Trump touched … Read moreWall Street Divided as Global Equity Wipeout Nears $1 Trillion

New SHOWCASE Directory Companies

 

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

U.S. drillers add oil rigs for second consecutive week

March 23, 2018 Reuters (Reuters) – U.S. energy companies added oil rigs for a second week in a row as crude prices hover near three year highs, prompting drillers to boost spending plans for this year. Drillers added four oil rigs in the week to March 23, bringing the total count to 804, the highest level … Read moreU.S. drillers add oil rigs for second consecutive week

New SHOWCASE Directory Companies

 

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

Natural Gas Weekly Update Report – March 22, 2018

California Public Utilities Commission directs SoCalGas to maximize storage injections for summer reliability On March 13, the California Public Utilities Commission (CPUC) issued a letter to the Southern California Gas Company (SoCalGas)—owner and operator of Southern California’s four underground storage facilities—directing them to maximize injections into their natural gas storage facilities to avoid possible future … Read moreNatural Gas Weekly Update Report – March 22, 2018

New SHOWCASE Directory Companies

 

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

The Hydrogen-Powered Car’s Big Setback Is a Blow to Automakers

March 22, 2018 by Oliver Sachgau and Elisabeth Behrmann (Bloomberg)  If a green ride-sharing service were to flourish anywhere it would be in Munich, where you can rent no-emission cars on just about any city-center street. And yet Linde AG is about to shut its two-year experiment with hydrogen. It’s another setback for fuel cell-powered … Read moreThe Hydrogen-Powered Car’s Big Setback Is a Blow to Automakers

New SHOWCASE Directory Companies

 

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

Cheniere Faces Ruling on Gas Leak U.S. Sees as `Serious Hazard’

March 23, 2018 by Naureen S. Malik and Ryan Collins (Bloomberg)  America’s first exporter of liquefied natural gas from shale is awaiting a federal ruling on whether it can restart storage tanks it was forced to shut after a leak. Regulators ordered Cheniere Energy Inc. to take two of the five tanks at its Sabine … Read moreCheniere Faces Ruling on Gas Leak U.S. Sees as `Serious Hazard’

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

March 23, 2018 by Cecile Gutscher (Bloomberg)  All-out trade war edges closer, markets are put on notice and government shutdown is averted. Here are some of the things people in markets are talking about today. China retaliates Hours after President Donald Trump ordered tariffs on $50 billion of Chinese imports as recompense for alleged intellectual property abuses, … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Canada’s LNG Export Dream Isn’t Dead Yet, Thanks to Trump

LNG Tanker

March 22, 2018 by Natalie Obiko Pearson and Kevin Orland (Bloomberg)  U.S. President Donald Trump may be helping to revive Canada’s dream of a liquefied natural gas export industry to supply growing markets in Asia. The tariffs Trump formally ordered against $50 billion in Chinese goods threaten to raise construction costs for LNG projects in … Read moreCanada’s LNG Export Dream Isn’t Dead Yet, Thanks to Trump

New SHOWCASE Directory Companies

 

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

First Solar, Then Steel — Is Trump’s Next Trade Target Nuclear?

March 22, 2018 by Jim Polson and Joe Deaux (Bloomberg) On Thursday, as President Donald Trump ordered tariffs on Chinese goods, he warned, “This is the first of many.” Well, if he’s serious, here’s another potential trade target: uranium. In January, the administration imposed tariffs on solar equipment being shipped into the U.S. A little … Read moreFirst Solar, Then Steel — Is Trump’s Next Trade Target Nuclear?

New SHOWCASE Directory Companies

 

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

Oil Gains as Trump Picks Iran Hawk Bolton as Security Adviser

March 23, 2018 by Heesu Lee and Grant Smith (Bloomberg) Oil advanced on concerns that the U.S. president’s choice of a noted hawk as his new security adviser could inflame political tensions in oil-producing regions. President Donald Trump’s plans to appoint hardliner John Bolton as White House national security adviser raises the likelihood the U.S. … Read moreOil Gains as Trump Picks Iran Hawk Bolton as Security Adviser

New SHOWCASE Directory Companies

 

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

Trump Trade Tripped Up by Tariff Trauma: Here’s Who’s Hurting

March 22, 2018 by Sarah Ponczek and Luke Kawa (Bloomberg)  For a solid year, financial markets loved the Trump Trade. They’re not so enamored of Tariff Thursday. For the second time this month, U.S. equities sold off and investors sought havens after the Trump administration announced plans to impose sweeping levies that threaten to rewrite … Read moreTrump Trade Tripped Up by Tariff Trauma: Here’s Who’s Hurting

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

March  22, 2018 by Cecile Gutscher (Bloomberg)  Trump hits China on trade directly, Powell keeps market guessing, and Facebook hasn’t silenced critics. Here are some of the things people in markets are talking about today. Battle cry President Donald Trump is set to announce about $50 billion of tariffs against China over intellectual-property violations targeting more than 100 different … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Electric Cars May Be Cheaper Than Gas Guzzlers in Seven Years

March 22, 2018 by Jeremy Hodges (Bloomberg)  Electric cars may be cheaper than their petroleum counterparts by 2025 if the cost of lithium-ion batteries continues to fall. Some models will cost the same as combustion engines as soon as 2024 and become cheaper the following year, according to a report by Bloomberg New Energy Finance. … Read moreElectric Cars May Be Cheaper Than Gas Guzzlers in Seven Years

New SHOWCASE Directory Companies

 

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

Oil Trades Near $65 With U.S. Inventories Below 5-Year Average

Oil Prices Up

March 22, 2018 by Tsuyoshi Inajima and Grant Smith (Bloomberg)  Oil traded near $65 a barrel after U.S. crude inventories unexpectedly fell, dropping below their five-year average for the first time since 2014. Futures in New York lost 0.6 percent after jumping to a six-week high on Wednesday. American crude stockpiles fell last week by … Read moreOil Trades Near $65 With U.S. Inventories Below 5-Year Average

New SHOWCASE Directory Companies

 

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

Nafta Gambit Pitched to Trump as Way to Boost Coal, Deregulate

March 21, 2018 by Jennifer A. Dlouhy (Bloomberg) While officials from the U.S., Canada and Mexico try to hammer out a new North American Free Trade Agreement, lobbyists in Washington are using the deal’s rewrite to advance a broad legislative agenda making it easier for U.S. companies to build factories, move cargo and export coal. … Read moreNafta Gambit Pitched to Trump as Way to Boost Coal, Deregulate

New SHOWCASE Directory Companies

 

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

Cenovus cuts oilsands production due to price differential, pipeline constraints

CALGARY — Cenovus Energy Inc. said Thursday it has been running its oilsands operations at reduced production rates and storing excess barrels due to wider-than-normal light-heavy oil price differentials and pipeline capacity constraints.
The company …

New SHOWCASE Directory Companies

 

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

Commentary: How the Shale Boom Has Been Keeping the U.S. Afloat: Justin Fox

March 21, 2018 by Justin Fox (Bloomberg View)  The U.S. current account deficit grew a bit at the end of last year, to $128.2 billion in the fourth quarter from $101.5 billion in the third quarter, according to data released March 21st by the Bureau of Economic Analysis. That amounts to 2.6 percent of gross domestic product, which from … Read moreCommentary: How the Shale Boom Has Been Keeping the U.S. Afloat: Justin Fox

New SHOWCASE Directory Companies

 

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

Fewer OPEC Barrels Are Reaching U.S. Shores Amid Supply Cuts

March 21, 2018 by Catherine Traywick (Bloomberg)  U.S. refiners are taking less OPEC-produced oil than ever before as the group’s members continue trimming output. Weekly crude imports from seven OPEC members fell 14 percent to 1.86 million barrels a day last week, the lowest level since the Energy Information Administration began collecting weekly data in … Read moreFewer OPEC Barrels Are Reaching U.S. Shores Amid Supply Cuts

New SHOWCASE Directory Companies

 

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

It’s Time for Williams Cos. to Round Up Its Partners: Gadfly

Pipeline

March 21, 2018 by Liam Denning (Bloomberg Gadfly) The latest indignity heaped onto master limited partnerships, courtesy of the FERC, has revived the question of which companies may abandon the model altogether. The Williams Cos. is a prime candidate. We know this because — in the dry dialect reserved for public communications with shareholders — … Read moreIt’s Time for Williams Cos. to Round Up Its Partners: Gadfly

New SHOWCASE Directory Companies

 

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

Oil hits six week high on inventory data, Middle East worries

March 21, 2018 Reuters NEW YORK (Reuters) – Oil hit a six-week high on Wednesday after a surprise decline in U.S. inventories and as concern persisted over possible disruption to Middle East supply. Data released by the U.S. Energy Information Administration (EIA) on Wednesday morning showed a surprise 2.6 million barrel draw in crude inventories. Analysts … Read moreOil hits six week high on inventory data, Middle East worries

New SHOWCASE Directory Companies

 

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

Setback for Trump administration after tepid offshore oil lease sale

March 21, 2018 Reuters (Reuters) – Oil and gas drillers bid modestly on Gulf of Mexico acreage in the largest lease sale in American history on Wednesday, dealing a setback to the Trump administration’s efforts to rapidly pump up investment in the region. The Interior Department had offered up a record 77 million acres (31.2 million … Read moreSetback for Trump administration after tepid offshore oil lease sale

New SHOWCASE Directory Companies

 

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

Paragon Offshore Limited Receives Arbitration Settlement Proceeds, Increases Per Share Purchase Price by $1.60 March 21, 2018 17:01 ET | Source: Paragon Offshore Services LLC Paragon receives arbitration settlement proceeds of $8.8 million, or $1.60 per fully diluted share Proceeds raise total cash consideration for Paragon shares to $43.88 per fully diluted share Tender Offer Period expires 12:01 A.M. … Read more

New SHOWCASE Directory Companies

 

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

Oil Extends Gain as Industry Said to Report Surprise Crude Draw

Oil Storage

March 20, 2018  by Jessica Summers (Bloomberg)  Crude advanced after an industry report was said to show U.S. crude inventories unexpectedly declined last week. Futures in New York climbed from the settlement Tuesday after the American Petroleum Institute was said to have reported U.S. crude inventories tumbled 2.74 million barrels last week. That would be … Read moreOil Extends Gain as Industry Said to Report Surprise Crude Draw

New SHOWCASE Directory Companies

 

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

BofA Is Said to Arrange $6 Billion Loan for Petrobras Unit Bid

Petrobras

 March 20, 2018 by Cristiane Lucchesi, Felipe Marques and Scott Deveau (Bloomberg)  Bank of America Corp, Itau Unibanco Holding SA and Banco Bradesco SA are arranging financing for a consortium led by Macquarie Group Ltd. so it can bid for Petroleo Brasileiro SA’s natural gas pipeline network in northeastern Brazil, said three people with knowledge … Read moreBofA Is Said to Arrange $6 Billion Loan for Petrobras Unit Bid

New SHOWCASE Directory Companies

 

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

Trump EPA Plans New Restrictions on Science Used in Rule Making

March 20, 2018 by Jennifer A. Dlouhy (Bloomberg)  The Environmental Protection Agency is preparing to restrict the scientific studies it uses to develop and justify regulations, making it harder to rely on research when its underlying data are shielded from view. The planned policy shift, urged by conservatives and advisers who guided Donald Trump’s presidential … Read moreTrump EPA Plans New Restrictions on Science Used in Rule Making

New SHOWCASE Directory Companies

 

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

Tesla Investors Head to Polls on Musk’s $2.6 Billion Pay Plan

 March 21, 2018 by Anders Melin and Dana Hull (Bloomberg)  Is Elon Musk worth a $2.6 billion compensation package? Tesla Inc.’s shareholders will answer that question Wednesday, as the board seeks their approval to give Chief Executive Officer Musk an unprecedented 10-figure award of stock options. The package—arguably the largest-ever of its kind—underscores the company’s … Read moreTesla Investors Head to Polls on Musk’s $2.6 Billion Pay Plan

New SHOWCASE Directory Companies

 

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

Rich Rewards Await Top Oil Refiners as Ships Made to Switch Fuel

March 21, 2018 by Bill Lehane (Bloomberg)  Ready the cash-printing machines — the world’s most sophisticated refineries are about to enjoy great times thanks to what might seem like a minor tweak in rules for the type of fuel ships consume. From 2020, vessels must buy fuel with less sulfur, or alternatively be fitted with … Read moreRich Rewards Await Top Oil Refiners as Ships Made to Switch Fuel

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

March 21, 2018 by Cecile Gutscher (Bloomberg) It’s Fed day, Facebook firestorm rages, and short-term funding costs at crisis levels create headaches. Here are some of the things people in markets are talking about today. Fed day Jerome Powell will grab headlines today with an all but assured rate hike in his first meeting as … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Trump Welcomes Saudi Crown Prince to U.S. as `Big Purchaser’

March 20, 2018 by Jennifer Epstein, Margaret Talev and Nick Wadhams (Bloomberg)  President Donald Trump welcomed Saudi Crown Prince Mohammed Bin Salman as a friend of the U.S. and “big purchaser” of American armaments and investments. “A lot of people are at work” because of Saudi Arabia’s business, Trump said, adding that the kingdom has … Read moreTrump Welcomes Saudi Crown Prince to U.S. as `Big Purchaser’

New SHOWCASE Directory Companies

 

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

Greenfields Petroleum Corporation Confirms Waterflood Development Opportunity in the Bahar Field and Miocene Exploration Objective Beneath the Gum Deniz field offshore Azerbaijan and Provides Revised 2017 Guidance

March 20, 2018 | Source: Greenfields Petroleum Corporation HOUSTON, March 20, 2018 (GLOBE NEWSWIRE) — Greenfields Petroleum Corporation (“Greenfields” or the “Company”) (TSX-VENTURE:GNF) announces the release of the ‘Resource Assessment Report of Gross Contingent and Gross Prospective Resources’ (the “ERCE Report”) a resource assessment report prepared by ERC Equipoise Ltd. (“ERCE”), an independent, qualified reserves evaluator and … Read moreGreenfields Petroleum Corporation Confirms Waterflood Development Opportunity in the Bahar Field and Miocene Exploration Objective Beneath the Gum Deniz field offshore Azerbaijan and Provides Revised 2017 Guidance

New SHOWCASE Directory Companies

 

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

Bill Barrett Corporation Completes Strategic Combination with Fifth Creek Energy and Announces Name Change to HighPoint Resources Corporation

DENVER, March 19, 2018 — Bill Barrett Corporation today announced that it has completed its strategic combination with Fifth Creek Energy Company, LLC. In conjunction with the closing, the Company will change its name to HighPoint Resources Corporation and will begin trading on the New York Stock Exchange under the new symbol “HPR” on March … Read moreBill Barrett Corporation Completes Strategic Combination with Fifth Creek Energy and Announces Name Change to HighPoint Resources Corporation

New SHOWCASE Directory Companies

 

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

Venado Oil & Gas and KKR Acquire Cabot Eagle Ford Assets

AUSTIN & HOUSTON, March 19, 2018 — Venado Oil and Gas, LLC and KKR today announced that they have closed on the acquisition of the operated and non-operated Eagle Ford assets of Cabot Oil & Gas Corporation for a purchase price of $765 million, subject to customary closing adjustments. Venado and KKR acquired interests which … Read moreVenado Oil & Gas and KKR Acquire Cabot Eagle Ford Assets

New SHOWCASE Directory Companies

 

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

Ex-Occidental Chief in $2.66 Billion Deal for EnerVest Shale

March 20, 2018 by Matthew Monks and Alex Nussbaum (Bloomberg)  Steve Chazen, who transformed Occidental Petroleum Corp. into a heavyweight of the U.S. shale boom, is looking to replicate that success in south Texas with a $2.66 billion deal. TPG Pace Energy Holdings Corp., a blank-check company formed by Chazen and private equity firm TPG, … Read moreEx-Occidental Chief in $2.66 Billion Deal for EnerVest Shale

New SHOWCASE Directory Companies

 

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

Second-Richest Arab Nation Joins Push for Post-Oil Economy

March 20, 2018 by Fiona MacDonald, Mohammed Aly Sergie and Yousef Gamal El-Din (Bloomberg)  The eldest son of Kuwait’s ruler said the OPEC member is revisiting plans to transform itself into a regional business hub, as authorities aim to overcome past obstacles to join neighbors seeking to overhaul their oil-dependent economies. Sheikh Nasser Sabah Al-Ahmad … Read moreSecond-Richest Arab Nation Joins Push for Post-Oil Economy

New SHOWCASE Directory Companies

 

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

EnerVest Announces Sale of Eagle Ford and Austin Chalk Assets for $2.66 Billion to TPG Pace Energy Holding

EnerVest and TPG Pace Energy to form Magnolia Oil and Gas Corporation March 20, 2018| Source: EnerVest HOUSTON, March 20, 2018 (GLOBE NEWSWIRE) — EnerVest, Ltd., on behalf of certain institutional partnerships, announced today it has entered into definitive agreements to sell its Eagle Ford and Austin Chalk assets to TPG Pace Energy Holdings (“TPGE”) (NYSE:TPGE) (NYSE:TPGE.U) … Read moreEnerVest Announces Sale of Eagle Ford and Austin Chalk Assets for $2.66 Billion to TPG Pace Energy Holding

New SHOWCASE Directory Companies

 

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

Putin’s Fake Win Earns Him Some Fake Advice: James Stavridis

March 19, 2018  by James Stavridis (Bloomberg View)  This highly classified memo was provided to the author immediately after election results were announced in Russia. From: Director of State Strategic Planning, Russian Federation To: President Vladimir Vladimirovich Putin Subject: A Strategy for Our Beloved Motherland Party 1) Congratulations on your stunning election victory, Mr. President. … Read morePutin’s Fake Win Earns Him Some Fake Advice: James Stavridis

New SHOWCASE Directory Companies

 

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

Trump and Prince Mohammed Look to Cut Deals as Ties Strengthen

March 20, 2018 by Margaret Talev and Nick Wadhams (Bloomberg)  Longtime U.S. allies like the U.K. and South Korea have seen relations fray since President Donald Trump took office, but at least one nation sees its partnership growing tighter than ever: Saudi Arabia. Saudi Crown Prince Mohammed Bin Salman will meet Trump in Washington on … Read moreTrump and Prince Mohammed Look to Cut Deals as Ties Strengthen

New SHOWCASE Directory Companies

 

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

Oil Rises Toward $63 as OPEC Cuts Weighed Against U.S. Supplies

Oil Prices Up

March 20, 2018 by Tsuyoshi Inajima (Bloomberg)  Oil climbed to a two-week high as investors weighed record compliance to output curbs by OPEC and its allies against expanding U.S. supplies and a broader selloff in risk assets. Futures in New York rose as much as 1.1 percent after dropping for the first time in four … Read moreOil Rises Toward $63 as OPEC Cuts Weighed Against U.S. Supplies

New SHOWCASE Directory Companies

 

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

Drone Company Hangs On to Win Clean-Energy Bet: Matthew Winkler

March 20, 2018 by Matthew Winkler (Bloomberg View)  Clean earns more money. That’s the mantra for investors reaping the reward of alternative energy outperforming fossil fuel. They’ve known since 2013 that you don’t have to drive a Tesla or own its shares (they’re up 826 percent) to benefit from green companies lapping the carbon crowd … Read moreDrone Company Hangs On to Win Clean-Energy Bet: Matthew Winkler

New SHOWCASE Directory Companies

 

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

President Xi Is Just Getting Started After Biggest China Shakeup in Years

March 20, 2018 (Bloomberg)  The message from the massive government shakeup completed Tuesday in Beijing is clear: Chinese President Xi Jinping is just getting started. China’s national parliament gave its rubber stamp of approval to a dizzying overhaul that will reverberate through the world’s second-largest economy for years. They restructured almost every cabinet-level ministry, created … Read morePresident Xi Is Just Getting Started After Biggest China Shakeup in Years

New SHOWCASE Directory Companies

 

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

Five Things to Know About World Business Today

March 20, 2018 by Cecile Gutscher (Bloomberg)  China wants to stay out of Trump’s trade war, squabbling over tunnels and borders stalls U.S. spending bill, and tech disasters show human failings. Here are some of the things people in markets are talking about today. China overture Premier Li Keqiang sought to quell a full-blown trade war with the … Read moreFive Things to Know About World Business Today

New SHOWCASE Directory Companies

 

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

Crude Dips as Stock Markets Swoon Amid Ballooning Shale Output

March  19, 2018 by Jessica Summers (Bloomberg)  Crude closed lower for the first time in four sessions as equities declined around the world against the backdrop of surging oil-production growth from U.S. shale drillers. Futures fell 0.4 percent in New York on Monday. Investors dumped stocks as risky holdings fell out of favor across the … Read moreCrude Dips as Stock Markets Swoon Amid Ballooning Shale Output

New SHOWCASE Directory Companies

 

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

U.S. actively looking into Venezuelan oil sanctions: official

March 19, 2018 Reuters WASHINGTON (Reuters) – The Trump administration is actively exploring options to impose sanctions on Venezuela’s oil sector, a senior U.S. official said on Monday, after the White House issued an executive order barring the use of Venezuelan cryptocurrencies. “We are considering all options, including oil sector sanctions options,” a senior administration official … Read moreU.S. actively looking into Venezuelan oil sanctions: official

New SHOWCASE Directory Companies

 

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

A small oil field in Oklahoma is seeing big bets from producers

March 19, 2018 Reuters A little-known shale oil play in Oklahoma is attracting more drilling and investment as risingout put from newer wells is enticing companies to boost production beyond the giant Permian basin in Texas.The Meramec formation is a part of what is called the STACK region – Sooner Trend Anadarko basin Canadian and Kingfisher … Read moreA small oil field in Oklahoma is seeing big bets from producers

New SHOWCASE Directory Companies

 

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

Willbros Announces Preliminary 2017 Operating Results; Assessing Strategic Options

March 19, 2018 | Source: Willbros United States Holdings, Inc.   Files Form 12b-25 with Securities and Exchange Commission Receives Continued Listing Standard Notice from NYSE Announces Customer Contract Extension that adds Significant Backlog in the First Quarter 2018 Announces Preliminary Settlement of Class Action Lawsuit HOUSTON, March 19, 2018 (GLOBE NEWSWIRE) — Willbros Group, Inc. (NYSE:WG) (“Company”) … Read moreWillbros Announces Preliminary 2017 Operating Results; Assessing Strategic Options

New SHOWCASE Directory Companies

 

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

Funds trim bullish oil positions, but no rush for exit: Kemp

Oil Plant Worker

March 19, 2018 Reuters LONDON (Reuters) – Hedge funds continue to turn more cautious on the outlook for oil prices, but the liquidation of former bullish positions is very gradual, suggesting most see price risks close to balance. Hedge funds and other money managers cut their net long position in the six most important futures and … Read moreFunds trim bullish oil positions, but no rush for exit: Kemp

New SHOWCASE Directory Companies

 

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

Gibson Energy Announces Sale of U.S. Energy Services Businesses for $125 Million

March 19, 2018 Globe Newswire CALGARY, Alberta, March 19, 2018 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX:GEI), announced today it has entered into two separate definitive agreements for the divestiture of its U.S. energy services businesses, including U.S. Environmental Services and its U.S. seismic assets, for approximately US$96 million prior to closing … Read moreGibson Energy Announces Sale of U.S. Energy Services Businesses for $125 Million

New SHOWCASE Directory Companies

 

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

U.S. drillers add oil rigs for 7th week in eight – Week Ending March 16th

March 16, 2018 U.S. energy companies added oil rigs for the seventh time in the last eight weeks on expectations crude prices in 2018 will top 2017, prompting more drillers to boost spending plans for this year.Drillers added four oil rigs in the week to March 16,bringing the total count to 800, General Electric Co’s … Read moreU.S. drillers add oil rigs for 7th week in eight – Week Ending March 16th

New SHOWCASE Directory Companies

 

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

Spectra Energy Partners Does Not Expect a Material Financial Impact as a Result of FERC Revised Policy Statements

March 16, 2018 CNW HOUSTON, March 16, 2018 /CNW/ – Spectra Energy Partners, LP (NYSE: SEP) today provided its preliminary assessment of the potential impacts of the Federal Energy Regulatory Commission’s (FERC) recent policy change with respect to the recovery of income tax amounts included in the cost of service  pipelines within a master limited partnership (MLP). On March 15, … Read moreSpectra Energy Partners Does Not Expect a Material Financial Impact as a Result of FERC Revised Policy Statements

New SHOWCASE Directory Companies

 

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

Erin Energy Announces Full Year and Fourth Quarter 2017 Results

Provides Operational Update on its West and East Africa Operations March 15, 2018 06:32 PM Mountain Daylight Time HOUSTON–(BUSINESS WIRE)–Erin Energy Corporation (Erin Energy or the Company) (NYSE American:ERN) (JSE:ERN) announced today unaudited financial and operational results for the year ended December 31, 2017. The Company intends to file its audited financials and Annual Report … Read moreErin Energy Announces Full Year and Fourth Quarter 2017 Results

New SHOWCASE Directory Companies

 

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

World Energy Announces Purchase of Southern California assets from Delek

Includes Renewable Diesel / Jet production, refinery assets, and pipelines March 19, 2018  | Source: World Energy Solutions BOSTON, March 19, 2018 (GLOBE NEWSWIRE) — Boston Based Advanced Biofuel producer, World Energy, LLC (World Energy) announced today that it has closed on the purchase from Delek US Holdings, Inc. (NYSE:DK) (“Delek”) of its interests in renewable jet … Read moreWorld Energy Announces Purchase of Southern California assets from Delek

New SHOWCASE Directory Companies

 

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

TransCanada Expects No Material Financial Impact From Proposed Tax Actions by the Federal Energy Regulatory Commission

March 19, 2018 | Source: TransCanada Corporation HOUSTON, March 19, 2018 (GLOBE NEWSWIRE) — News Release – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) released the following statement regarding the Federal Energy Regulatory Commission’s (FERC) recent pronouncements on income tax matters with respect to pipeline ratemaking: On March 15, 2018, FERC issued a Notice of Proposed Rulemaking (NOPR) and … Read moreTransCanada Expects No Material Financial Impact From Proposed Tax Actions by the Federal Energy Regulatory Commission

New SHOWCASE Directory Companies

 

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

Oil Slips as U.S. Shale Fears Untempered by Russian Reassurance

March 19, 2018 by Tsuyoshi Inajima and Grant Smith (Bloomberg)  Oil slipped as U.S. explorers resumed their drilling binge, raising concerns over whether output cuts by OPEC and its allies will be enough to clear a glut despite a pledge from Russia that it’s committed to the curbs. Futures in New York fell 0.4 percent … Read moreOil Slips as U.S. Shale Fears Untempered by Russian Reassurance

New SHOWCASE Directory Companies

 

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

A Battle is Brewing in the Oil Patch Over $1 Trillion of Big Data

March 19, 2018 by David Wethe (Bloomberg)  A battle for big data is brewing in the oil patch. The service companies that map underground pockets of oil, drill the wells and lift crude from miles below are generating vast new amounts of data they never before realized could be valuable. But their exploration customers are … Read moreA Battle is Brewing in the Oil Patch Over $1 Trillion of Big Data

New SHOWCASE Directory Companies

 

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

Powell Jumps in Driver’s Seat as Fed Weighs Speed of Rate Hikes

March 18, 2018 by Craig Torres (Bloomberg)  For Jerome Powell, raising U.S. interest rates this week will likely be the easy part. The tougher job for the Federal Reserve’s new chairman as he presides over his first gathering of the central bank’s policy-setting committee is deciding what to do next. The choice: emphasize continuity with his … Read morePowell Jumps in Driver’s Seat as Fed Weighs Speed of Rate Hikes

New SHOWCASE Directory Companies

 

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

Russia Affirms Pledge to See OPEC Deal Through to the End

March 19, 2018 by Elena Mazneva and Annmarie Hordern (Bloomberg)  Russia is committed to seeing its pact with OPEC through to completion, whether that means starting discussions about a phaseout at the next meeting in June or prolonging output cuts into 2019, Energy Minister Alexander Novak said. “As soon as the ultimate goal of our … Read moreRussia Affirms Pledge to See OPEC Deal Through to the End

New SHOWCASE Directory Companies

 

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

Five Things to Know in World Business Today

March 19, 2018, by Cecile Gutscher (Bloomberg)  China elevates deputy as new central bank chief, Putin wins another landslide, and Apple swipes at Samsung with secret screen-making plans. Here are some of the things people in markets are talking about today. Old hand China named Yi Gang to run its central bank, promoting a long-serving deputy governor with deep … Read moreFive Things to Know in World Business Today

New SHOWCASE Directory Companies

 

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

Oil price volatility at lowest since before the slump

Oil Pump

March 16, 2018 LONDON (Reuters) – If the oil market has felt unusually quiet in recent weeks and months, that probably reflects the almost complete lack of sharp daily price movements. While prices have soared by more than 40 percent since the middle of 2017, day-to-day volatility has fallen to its lowest level since 2014, … Read moreOil price volatility at lowest since before the slump

New SHOWCASE Directory Companies

 

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

Oil prices jump, Brent hits highest in more than 2 weeks

Oil Prices Up

March 16, 2018 Reuters NEW YORK (Reuters) – Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock prices rose and investors covered short bets ahead of a weekend in which the U.S. news program “60 Minutes” will air an interview with Saudi Arabia’s crown prince. … Read moreOil prices jump, Brent hits highest in more than 2 weeks

New SHOWCASE Directory Companies

 

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

Oil’s Big Male-Dominated Event Asked to #LetWomenSpeak

March 16, 2018 by Kelly Gilblom and Laura Blewitt (Bloomberg)  When one of the largest oil conferences in the Americas held a networking event to highlight “the prominent role women play” in the industry, the first speaker was a guy named Dan. Dan handed over to Jack, who introduced a speech from Ryan, who then … Read moreOil’s Big Male-Dominated Event Asked to #LetWomenSpeak

New SHOWCASE Directory Companies

 

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

U.S. drillers add oil rigs for 7th week in eight

March 16, 2018 Reuters Permian Basin Drilling Rig U.S. energy companies added oil rigs for the seventh time in the last eight weeks on expectations crude prices in 2018 will top 2017, prompting more drillers to boost spending plans for this year.Drillers added four oil rigs in the week to March 16,bringing the total count to … Read moreU.S. drillers add oil rigs for 7th week in eight

New SHOWCASE Directory Companies

 

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