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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. .
Oil & Gas 360 11/13/2019 17:30
Reuters A regulatory hearing to determine whether Dakota Access LLC can nearly double the flow of its oil pipeline through North Dakota began on Wednesday in the U.S. state, reigniting a fight with the nearby Standing Rock Sioux Tribe. North Dakota Public Service Commission will decide at a later date whether owner Dakota Access LLC, controlled by Texas-based Energy Transfer. .
Oil & Gas 360 11/13/2019 16:00
Reuters Growth in global oil demand is expected to slow from 2025 as fuel efficiency improves and the use of electric vehicles increases, but consumption is unlikely to peak in the next two decades, the International Energy Agency said on Wednesday. The Paris-based IEA, which advises Western governments on energy policy, said in its annual World Energy Outlook for the. .
Oil & Gas 360 11/13/2019 15:30
Reuters Mexican national oil company Pemex will not pay a ransom demanded by suspected cyberattackers who targeted the firm’s computer systems, Energy Minister Rocio Nahle told reporters on Wednesday. Nahle, who also serves as chair of the Pemex board, added that the attack hit the company’s administrative headquarters in Mexico City and that its “plants and wells” continued to operate. .

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