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Libyan state oil firm scrambles to keep El Sharara oilfield open amid 'occupation'   Dec 08, 2018
TRIPOLI/BENGHAZI, Libya (Reuters) - Libyan state security on Saturday threatened to shut down production at the giant El Sharara oilfield but the field remains open, state oil firm NOC said ... Reuters  

Emera Maine parent company sheds little light on future   Dec 08, 2018
Emera Inc. in late November announced it would sell its three New England natural gas-fired generation plants, including Rumford Power. The transaction could close in early 2019. Emera Inc. executives said getting equity financing for new projects was too ... Associated Press  

Are Russia’s Natural Gas Goals Too Ambitious?   Dec 08, 2018
This kind of development is often lost amid talk of higher news grabbing global oil markets headlines, particularly as Russia, now a major part of the so-called OPEC+ group, with Saudi Arabia, is ... OilPrice  

Regulator halts fracking operations in northeastern B.C. while investigating earthquakes   Dec 08, 2018
The regulator says the seismic events, which measured between 3.4 and 4.5 magnitude, took place near hydraulic fracturing operations being conducted about 20 kilometres southeast of Fort St. John by Calgary-based Canadian Natural Resources Ltd. The ... CBC.ca  

Iran Exempt From OPEC+ Production Cut, Oil Minister Says   Dec 08, 2018
Dec.07 -- Iran Oil Minister Bijan Namdar Zanganeh said the nation is exempt from the 1.2 million barrels per day production cut agreed to at the OPEC+ meeting in Vienna. Bloomberg's Annmarie ... Yahoo Finance  

Crude Oil Price Forecast – crude oil markets fall hard again on Thursday   Dec 08, 2018
The WTI Crude Oil market has broken down during the trading session on Thursday again, crashing into the $50 level, an area that of course will cause a lot of interest. I think that if we break down below this level, and let’s face it today is the ... Yahoo New Zealand  

OGE Energy (OGE) Up 7.3% Since Last Earnings Report: Can It Continue?   Dec 08, 2018
Natural Gas Midstream Operations: The segment posted net income of $29 million compared with $21 million in the year-ago quarter. The upside was driven by higher record volumes in the gathering ... Yahoo Finance  

OPEC+ Gives Oil Bulls Hope   Dec 08, 2018
The uncertainty surrounding OPEC/OPEC+ negotiations in Vienna strengthened the overwhelmingly bearish sentiment in oil markets this week, but a larger than expected cut has sent oil prices soaring. OilPrice  

Qatar Petroleum to buy stake in ExxonMobil Mozambique blocks   Dec 08, 2018
CAIRO (Reuters) - Qatar Petroleum said on Saturday it had agreed to buy a 10 percent participating interest in three of ExxonMobil’s offshore exploration blocks in Mozambique’s Angoche and Zambezi basins. It will be part of a consortium made up of ... Reuters  

France's 'Gilets Jaunes' And The Future Of The Global Energy Industry   Dec 08, 2018
Having said that, I also own plenty of oil & gas producers in my portfolio for the long term, such as Chevron (CVX), Shell (NYSE:RDS.A) (NYSE:RDS.B), Suncor (SU). So I am clearly not betting on ... Seeking Alpha  

Huawei Arrest Keeps U.S.-China LNG Spat Alive, Developer Says   Dec 08, 2018
(Bloomberg) -- The arrest of a top Chinese technology executive means the tariff war that ensnared liquefied natural gas may not have reached a cease-fire, according to the developer of a U.S ... Yahoo Finance  

Libya Closes All Oil Ports, Expects To Shut-In 150,000 Bpd   Dec 08, 2018
Libya has closed all its oil loading terminals due to bad weather, and soon-to-be-full storage tanks will lead to a shut-in of 150,000 bpd, or half of the oil production at the large Sharara oil ... OilPrice  

Natural Gas Price Forecast – natural gas markets continue to look heavy   Dec 08, 2018
Natural gas markets fell during trading on Thursday, testing the bottom of the wedge that we have been in. As I have been telling you, I think we have already topped out for the year, as the $5.00 ... Yahoo Finance  

CORRECTED-Brazil’s Petrobras nears terms over TAG pipeline sale   Dec 08, 2018
The sale of TAG, which operates natural gas pipelines in Brazil’s north and northeast, could fetch Petrobras as much as US$7bn, in one of the company’s largest-ever asset sales, three sources ... Reuters  

China Jan-Nov crude oil imports up 8.4 pct at 418 mln tonnes - customs   Dec 08, 2018
* China Nov aluminum exports second highest on record - Reuters records show (Reporting by Beijing Monitoring Desk; Editing by Richard Borsuk) Reuters  

China's November oil, gas imports set fresh monthly record   Dec 08, 2018
BEIJING (Reuters) - China’s imports of crude oil hit a fresh monthly high in November, customs data showed on Saturday, beating the record set in October on heavy buying from private refiners and trial starts of new mega-refineries. Crude oil arrivals ... Reuters  

Russia’s Oil Production Cuts To Take Months To Implement   Dec 08, 2018
After Russia agreed on Friday to cut its oil production as part of the non-OPEC group tasked with cutting 400,000 bpd of oil production, Energy Minister Alexander Novak said it would take Russia ... OilPrice  

Meet the New Permian, It's Double the Size of the Old One   Dec 08, 2018
The study only looked at the two rock formations, which are both well known to operators including Exxon Mobil Corp., Royal Dutch Shell Plc, EOG Resources Inc. and Occidental Petroleum Corp ... Yahoo Finance  

10 High-Growth Stocks With Strong Fundamentals   Dec 08, 2018
ConocoPhillips (NYSE:COP) has been in the oil and natural gas business since 1875. It has seen a few things over that time. Ulysses S. Grant was president. The first Kentucky Derby was run. Yahoo Finance  

Companies pay investors record amounts to own their stocks   Dec 08, 2018
Tyson Foods, Anadarko Petroleum and D.R. Horton all announced dividend hikes of at least 20 percent last month. The biggest payer in the S&P 500 is AT&T, and Silverblatt says it may announce a boost to its payout in coming weeks to make it 34 consecutive ... Houston Chronicle  

Rice University report: 'One-off' fixes for plastic waste aren't helpful   Dec 08, 2018
But plastic trash poses an existential problem for the industry as it seeks to meet rising demand for plastics in emerging countries. NEW HOME: Marathon Oil heading to west Houston digs Houston Chronicle  

Noble Energy Partners Acquires Bakken Shale and Eagle Ford Shale Assets   Dec 07, 2018
The thirteen Bakken wells are located in Mountrail County, North Dakota and are operated by EOG Resources. The 13 wells have a combined average daily production of 1,719 BOPD and 2,110 MCFD, across 1280 acres with an average depth of 20,000 feet. The Business Journals  

SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Newfield Exploration Company - NFX   Dec 07, 2018
Under the terms of the proposed transaction, shareholders of Newfield will receive only 2.6719 Encana common shares for each share of Newfield that they own. Click here for more information ... Yahoo Finance  

Natural Gas Price Prediction – Prices Rebound and Form Bull Flag Pattern   Dec 07, 2018
Natural gas price moved higher on Friday, following Thursday’s drop in the wake of the EIA estimate of stockpiles. Demand in the US fell in the latest week by LNG exports continue to rise. Yahoo Finance  

Permian Oil Reserves May Be Twice As Big As We Thought   Dec 07, 2018
The U.S. Geological Survey has revised the technically recoverable reserves in the Wolfcamp Basin, in the Permian shale play, to 46.3 billion barrels of crude and 281 trillion cu ft of natural gas. OilPrice  

Pot jobs could soften the blow for Alberta's oil workers   Dec 07, 2018
An Alberta man who built drilling rigs in the province's oilpatch for 16 years before the recession says a budding wave of employment opportunities are being spurred by cannabis legalization. Jason Marshall lost his job as a contractor for a Calgary oil ... CBC.ca  

Junior oil firms cut dividends, output despite crude oil price rebound   Dec 07, 2018
CALGARY — Prices for western Canadian oil continued to strengthen on Friday as markets adjusted to a plan by the Alberta government to eliminate a glut of oil that has plagued producers for months. After hitting highs of more than US$52 per barrel in ... Finance Yahoo  

Chinese Oil Imports Set To Bounce Back This Month   Dec 07, 2018
Chinese oil imports from Iran are on course to rebound this month from the lows of October and November as China’s state-held companies have already started to use the U.S. waivers to continue ... OilPrice  

Global shares mixed as trade worries loom; oil surges   Dec 07, 2018
NEW YORK (Reuters) - Concerns over China-U.S. trade tensions gave European shares their worst week of losses in two months and sank U.S. stocks on Friday, overshadowing the lift from higher oil prices and jobs data. While Europe was higher on the day with ... Finance Yahoo  

OPEC Cut Throws Wrench Into Record Oil Short-Selling Streak   Dec 07, 2018
(Bloomberg) -- OPEC’s surprise output reduction has wrong-footed short-sellers. Hedge funds cut bets on rising Brent crude prices to the lowest in more than three years in the week through Tuesday as short positions increased for a 10th straight time ... Finance Yahoo  

Anadarko, Broadcom rise; Ulta Beauty, Big Lots, Cooper fall   Dec 07, 2018
Anadarko Petroleum Corp., up 47 cents to $52.06 Energy company stocks rose along with the price of crude oil after OPEC leaders agreed to cut production next year. Ulta Beauty Inc., down $38.45 to $254.47 The cosmetics retailer issued an earnings outlook ... Associated Press  

Premier calls for action on Alberta’s oil price crisis at First Ministers’ Meeting in Montreal   Dec 07, 2018
Provincial and territorial leaders are meeting with the Prime Minister in Montreal on Friday for the First Ministers’ Meeting and a discussion on the impact of struggling oil prices on the ... Calgary CTV News  

EOG Resources +2% on oil rally, J.P. Morgan upgrade   Dec 07, 2018
EOG Resources (EOG +2.1%) rides today's energy rally to a healthy gain, helped too by a J.P. Morgan upgrade to Overweight from Neutral with a $118 price target. JPM analyst Arun Jayaram ... Seeking Alpha  

U.S. Shale Likes But Doesn't Need OPEC Cuts to Keep on Growing   Dec 07, 2018
That said, its capital expenditure range of $2.4 billion to $2.7 billion was below Bloomberg’s analyst estimate. Anadarko Petroleum Corp. plans to cut spending by about 3 percent next year. A pipeline bottleneck in the Permian will start to disappear ... Finance Yahoo  

2 junior oil firms cut dividends, output as prices remain 'embarrassingly low'   Dec 07, 2018
A pair of junior Calgary oil companies are cutting payouts to shareholders and reducing production because of current steep discounts on western Canadian oil prices. Both Cardinal Energy Ltd. and Granite Oil Corp. say they can't afford to wait and see if ... CBC.ca  

Altus Midstream Company (ALTM)   Dec 07, 2018
HOUSTON, Nov. 12, 2018 (GLOBE NEWSWIRE) -- Apache Corporation (NYSE, Nasdaq: APA) and Kayne Anderson Acquisition Corporation (“KAAC”), a special purpose acquisition company (SPAC), which ... Yahoo Finance  

Maduro: All Venezuelan Oil Will Be Sold In Petro Cryptocurrency   Dec 07, 2018
Venezuela’s President Nicolas Maduro said on state television that Venezuela would put in place in 2019 a program to sell all its oil production in the Petro cryptocurrency, which the leader is ... OilPrice  

Oil Prices Hold Steady As U.S., Canadian Oil Rig Count Take Steep Dive   Dec 07, 2018
Julianne Geiger is a veteran editor, writer and researcher for US-based Divergente LLC consulting firm, and a member of the Creative Professionals Networking Group. Baker Hughes reported a 1-rig ... OilPrice  

Nigeria oil minister expects green light for Bonga oilfield by February   Dec 07, 2018
Between now and February we should see a FID on Bonga.” Shell’s partners in the project are ExxonMobil, Total, Eni and the Nigerian National Petroleum Company. Kachikwo said Nigeria aimed to produce 2.2 million barrels next year. Nigeria currently ... Reuters  

OPEC, Russia agree to slash oil output despite Trump pressure   Dec 07, 2018
OPEC and its Russia-led allies agreed on Friday to slash oil production by more than the market had expected despite pressure from U.S. President Donald Trump to reduce the price of crude. Reuters  

Shares mixed, Wall Street drops on trade worries; oil surges   Dec 07, 2018
NEW YORK (Reuters) - Stock markets around the world were mixed, with U.S. shares retreating on Friday amid continuing concerns over U.S.-China trade ties, while pledges by key oil producers to ... Yahoo Finance  

Oil producers join forces and cut production again   Dec 07, 2018
VIENNA — Oil prices spiked sharply higher Friday as major oil producers, including the OPEC cartel, agreed to cut global oil production by 1.2 million barrels a day to reduce oversupply. Following two days of meetings, the Organization of the Petroleum ... Finance Yahoo  

Oil helps FTSE 100 end turbulent week firmer, but Brexit weighs   Dec 07, 2018
BP (BP.L) rose 2.3 percent, Shell was up 3 percent for its best day since June, while mid-caps Premier Oil (PMO.L ... Takeda Pharmaceutical <4502.T>, the company acquiring Shire, suffered a ... Yahoo Finance  

LyondellBasell, steelworkers union begin contract talks   Dec 07, 2018
LyondellBasell Industries (LYB) and the local United Steelworkers union started talks yesterday for a new contract for 485 workers at the company’s Houston oil refinery. The USW International ... Seeking Alpha  

Oil prices surge 4 percent on OPEC-led output cuts of 1.2 million bpd   Dec 07, 2018
NEW YORK (Reuters) - Oil prices jumped more than 4 percent on Friday as Saudi Arabia and other producers in OPEC, as well as allies like Russia agreed to reduce output to drain global fuel inventories and support the market. The Organization of the ... Reuters  

Chesapeake Energy +3% as oil rally outweighs J.P. Morgan dwongrade   Dec 07, 2018
The firm also downgrades Devon Energy (DVN +0.6%) to Neutral from Overweight to reflect the "sharp retrenchment" in oil prices. Seeking Alpha  

10 of the Best Dividend Stocks to Buy for 2019   Dec 07, 2018
Occidental Petroleum Corp. (OXY) Global growth fears and a supply glut are pressuring oil prices. For Occidental, a Houston-based oil and natural gas producer, that's clearly not ideal -- but it's ... Yahoo Finance  

Oil prices spike after OPEC countries decide on production cut   Dec 07, 2018
Oil prices spiked sharply higher Friday after OPEC countries agreed to a proposal that would see global oil production reduced by 1.2 million barrels a day. Following a morning meeting of the Organization of the Petroleum Exporting Countries, Iraq Oil ... CBC.ca  

Global LNG: Prices at six-month lows as floating cargoes released   Dec 07, 2018
U.S. producer ExxonMobil has sold a late December cargo from Australia’s Gorgon plant on a delivered ex-ship (DES) basis, a trader said. Australia Pacific LNG (APLNG) sold a DES cargo for ... Reuters  

Prices at six-month lows as floating cargoes released   Dec 07, 2018
Despite the low demand, several cargoes were sold in both Pacific and Atlantic basins, according to trade sources. U.S. producer ExxonMobil has sold a late December cargo from Australia’s Gorgon plant on a delivered ex-ship (DES) basis, a trader said. Reuters  

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