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Oil & Gas 360 11/18/2019 17:30
Houston Chronicle Stock prices for Houston oilfield service company McDermott International have remained stuck below $1 per share for more than week. Traded on the New York Stock Exchange under the stock ticker symbol MDR, McDermott slid below $1 per share on Nov. 8 and has yet to recover. An important clock has been triggered by the stock price dip. Under. .
Oil & Gas 360 11/18/2019 13:00
Reuters HOUSTON – Oil prices eased on Monday, giving up some of last week’s gains and edging lower alongside U.S. stocks on uncertainty over a trade deal between the United States and China. Concerns about plentiful crude supplies in 2020 also weighed on the market, which expects OPEC to extend production cuts in early December to help avoid a new. .
Oil & Gas 360 11/18/2019 12:00
Houston Chronicle Federal regulators appear poised to make permit decisions on the applications submitted by four liquefied natural gas export terminals in Texas. After more than three years of review, commissioners with the Federal Energy Regulatory Commission have placed permit decisions for the four projects on the agenda for the agency’s Thursday morning meeting. Three of the proposed projects. .
Oil & Gas 360 11/15/2019 16:08
This week’s Baker Hughes rig count shows that U.S. numbers declined by 11, resulting in the total count falling to 806 rigs. Canada decreased over last week as well by 6 rigs, resulting in a total Canadian count of 134 rigs. Breakdown by region Of the regions tracked by Baker Hughes, two regions saw an increase this week; the Mississippian basin. .
Oil & Gas 360 11/15/2019 15:00
Reuters NEW YORK – Oil futures gained nearly 2% on Friday as comments from a top U.S. official raised optimism for a U.S.-China trade deal, but worries about increasing crude supplies capped prices. Benchmark Brent crude rose $1.04, or 1.7%, to $63.32 a barrel, while West Texas Intermediate crude rose 96 cents, or 1.7%, to $57.73 a barrel. Brent and. .
Oil & Gas 360 11/15/2019 13:00
Reuters HOUSTON (Reuters) – Activist investor Carl Icahn will not have access to Occidental Petroleum Corp’s Anadarko takeover records to support his proxy fight against the oil firm’s board, a Delaware court judge ruled on Thursday. Icahn sued Occidental in Delaware Court of Chancery last May seeking financial records and details of its negotiations with Anadarko. He has since committed. .
Oil & Gas 360 11/15/2019 12:00
Reuters U.S. energy producers plan to slash spending for a second straight year in 2020 as companies struggle to extract profits from the U.S. shale boom. While U.S. crude output hit a record 13 million barrels per day (bpd) this month, U.S. oil companies have struggled to deliver consistent profits. That is in part due to their success – higher. .
Oil & Gas 360 11/15/2019 11:05
Reuters LONDON- The Organization of the Petroleum Exporting Countries and its allies face stiffening competition in 2020, the International Energy Agency said on Friday, adding urgency to the oil producer group’s policy meeting next month. “The OPEC+ countries face a major challenge in 2020 as demand for their crude is expected to fall sharply,” the Paris-based agency said in a. .
Oil & Gas 360 11/14/2019 17:30
Reuters Russian President Vladimir Putin said on Thursday that Saudi Arabia was taking a tough stance on the output deal between OPEC and its allies because of Saudi Aramco’s initial public offering, but that Moscow respected Riyadh’s interests. Speaking to reporters in Brazil at a summit for BRICS countries, Putin said Moscow should continue to work with OPEC and that. .
Oil & Gas 360 11/14/2019 15:00
Reuters: President Donald Trump’s pick to run the Energy Department, Dan Brouillette, will face questions at his U.S. Senate confirmation hearing on Thursday on issues including the future of coal and nuclear power. Brouillette, 57, a former lobbyist at Ford Motor Co and Louisiana state energy regulator, would replace Rick Perry, who has said he is stepping down on Dec. .
Oil & Gas 360 11/14/2019 14:00
Houston Chronicle Oil rose for a second day after an industry report pointed to a drop in U.S. inventories, and as OPEC said it sees potential for a “sharp” slowdown in American shale output next year. Futures added 1.1% in New York. Expectations that the U.S. government will report that crude inventories increased last week eased after data from the. .
Oil & Gas 360 11/14/2019 13:06
Natural Gas Inventories as of November 8, 2019 Working gas in storage was 3,732 Bcf as of Friday, November 8, 2019, according to EIA estimates. This represents a net increase of 3 Bcf from the previous week. Stocks were 491 Bcf higher than last year at this time and 2 Bcf above the five-year average of 3,730 Bcf. At 3,732. .
Oil & Gas 360 11/14/2019 12:00
Reuters U.S. shale producer Callon Petroleum (CPE.N) on Thursday sharply cut its offer for rival Carrizo Oil & Gas (CRZO.O) postponed a shareholder vote in a last ditch effort to win support for the deal. The new terms value Carrizo at about $723 million down from $1.2 billion in July, when Callon first made the offer. Callon shares tumbled after. .

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