Page 3 of 10
News
view:
Links to the news articles will open in their original format as published by their providers. 
BP: Renewables To Become Largest Source Of Power By 2040   Feb 14, 2019
Global demand for liquid fuels—including crude oil and condensates, natural gas liquids (NGLs), and other liquids—is expected to increase by 10 million bpd, plateauing around 108 million bpd ... OilPrice  

Total Becomes First Oil Major To Invest In Saudi Fuel Retail Market   Feb 14, 2019
France’s Total is the first international oil major to invest in Saudi Arabia’s fuel retail market after signing a deal with oil giant Saudi Aramco to invest US$1 billion over six years in ... OilPrice  

TransCanada profit and revenue rise as oil and gas pipeline flows strengthen   Feb 14, 2019
Earlier this week, Calgary-based oilsands producer Cenovus Energy Inc. said it had increased its shipping commitment from 50,000 to 150,000 bpd on the line, in part by assuming the Alberta government's pledge to use 50,000 bpd of the capacity. TransCanada ... CTV News  

BP's vision of the near future sees renewable power and natural gas dominating energy   Feb 14, 2019
In a not-too-distant future, renewable energy becomes the world's biggest source of power generation. A quarter of the distances that humans travel by vehicle will be in electric cars. U.S. dominance in the oil market begins to wane, and OPEC's influence ... Yahoo Finance UK and Ireland  

Marathon Oil Came Out Slightly Ahead in Q4   Feb 14, 2019
Marathon Oil (NYSE: MRO) put the wraps on a strong year by delivering solid fourth-quarter results, which came in slightly ahead of expectations. With that, the company exceeded its initial growth ... Yahoo Finance  

Pioneer Natural to cut spending, slow output growth in 2019   Feb 14, 2019
(Reuters) - Pioneer Natural Resources Co, one of the largest U.S. shale producers, plans to slow its production growth and spending in 2019, Chief Executive Timothy Dove said on Thursday, even as U.S. output has hit all-time highs. The Irving, Texas-based ... Reuters  

Bankruptcies In Canada’s Oil Industry Decline In 2018   Feb 14, 2019
Irina is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing on the oil and gas industry. In a sign things for the oil industry in Canada’s oil ... OilPrice  

Renewable Natural Gas Now Flowing into SoCalGas Pipelines from Calgren Dairy Digester Pipeline Cluster   Feb 14, 2019
Calgren Dairy Fuels dairy digester pipeline cluster--California's first--captures methane from cow manure to reduce greenhouse gas emissions and provide a carbon-negative fuel LOS ANGELES, Feb. 14 ... Yahoo Finance  

Can U.S. Gas Production Keep Up With Demand?   Feb 14, 2019
As a result, its price diverged from that of international crudes for a few years. The natural gas markets, on the other hand, are far more localized due to the difficulty in transporting natural gas. OilPrice  

BOEM Schedules Gulf Of Mexico Lease Sale For March   Feb 14, 2019
The U.S. outer continental shelf holds technically recoverable reserves estimated at 550 million barrels of oil and 1.25 trillion cu ft of natural gas. The Gulf of Mexico was made the focus of the ... OilPrice  

World's Biggest Battery Quietly Being Planned in the Oil Patch   Feb 14, 2019
A little-known solar-farm developer has quietly filed plans to build what would become the world’s largest battery on the edge of the Texas oil country. The 495-megawatt storage system would be built in tandem with a solar farm of the same size. Bloomberg L.P.  

IBM Services transforming Vivo Energy with SAP S/4HANA®   Feb 14, 2019
Keith Costello, Global Vice President and General Manager, SAP Global Business Services Leader, IBM, said, "Vivo Energy was one of the first oil ... the Shell brand in countries across North, West, East and Southern Africa. In 2018 the company had a ... The Business Journals  

Oil Rises After Early Slide on Weak U.S. Data   Feb 14, 2019
Investing.com - Oil bears may have to wait for more dire news on the U.S. economy or crude oversupply as a puzzling surge in market optimism is offsetting all the bad news. After rising more than ... Yahoo Finance  

Med Crude-Urals firms in Baltic, Shell keeps buying   Feb 14, 2019
Shell has purchased up to seven cargoes of ... U.S. sanctions were imposed on the Latin American country’s state oil company in January, Lukoil CEO Vagit Alekperov said on Thursday. Reuters  

As renewables soar, BP sees China hitting brakes on energy growth   Feb 14, 2019
Renewables and natural gas, the least-polluting fossil fuel, will account for 85 percent of the growth in energy demand. “Renewables will penetrate the energy system quicker than any other fuel ... Reuters  

Pioneer Natural Resources to reduce spending, slow output growth in 2019   Feb 14, 2019
Feb 14 (Reuters) - Pioneer Natural Resources Co plans to slow its production growth in 2019, with capital expenditures declining by 11 percent, or around $350 million, compared with last year ... Reuters  

Central Bank Governor Tells Norway Not to Quit Oil Age Early   Feb 14, 2019
The central bank chief in western Europe’s largest producer of oil and natural gas is warning his fellow Norwegians not to prematurely kill the nation’s main economic engine and source of wealth. In his traditional annual speech to the nation’s ... Bloomberg L.P.  

EQM expects to complete WV-VA Mountain Valley natgas pipe fourth-quarter 2019   Feb 14, 2019
(Reuters) - EQM Midstream Partners LP said on Thursday it expects to complete the $4.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia in the fourth quarter of 2019 despite remaining legal challenges against the project. Reuters  

EQT Corp (EQT) Q4 Earnings in Line With Estimates, Up Y/Y   Feb 14, 2019
Subsequent to the simplification of EQT Corp’s corporate structure, it continues to hold the upstream business, which is the largest producer of natural gas in the United States based on average ... Yahoo Finance  

Climate crisis could speed demise of Norwegian oil: central bank chief   Feb 14, 2019
OSLO (Reuters) - Global efforts to fight a “crisis” of man-made climate change could spell a faster than expected end to Norway’s oil and gas industry, the nation’s central bank governor said on Thursday. Norges Bank Governor Oeystein Olsen also ... Reuters  

Oil Price Fundamental Daily Forecast – Chinese Imports Rise Helps Widen Brent/WTI Spread   Feb 14, 2019
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher on Thursday on hopes of a timely end to the U.S.-China trade dispute and stronger-than-expected Chinese trade figures that include crude imports that beat ... Yahoo7 Finance  

Keystone operator TransCanada profit beats on higher pipeline demand   Feb 14, 2019
In the reported quarter, the company’s net income from its natural gas system increased by C$18 million because of higher investment base and continued system expansions. TransCanada’s net ... Reuters  

GLOBAL MARKETS-Shares and oil at 3-month highs but no love for euro   Feb 14, 2019
LONDON, Feb 14 (Reuters) - Optimism about U.S.-China trade talks and bumper earnings lifted European shares to a three-month high on Thursday, though news that Germany only dodged recession by the narrowest of margins left the euro feeling unloved. Reuters  

Encana closes multibillion-dollar acquisition of Woodlands co.   Feb 14, 2019
Calgary, Canada-based Encana Corp. (NYSE: ECA) completed its all-stock acquisition of The Woodlands-based Newfield Exploration Co. (NYSE: NFX) on Feb. 13. Newfield stockholders received 2.6719 Encana common shares for each share of Newfield common stock ... The Business Journals  

Oil prices turn lower on demand concerns after weak U.S. retail sales   Feb 14, 2019
NEW YORK (Reuters) - Oil prices reversed direction and eased on Thursday after the steepest decline in U.S. retail spending since 2009 heightened investor fears of a global slowdown. U.S ... Reuters  

Millbrook chief wants Indigenous monitors to be able to shut down Alton gas project   Feb 14, 2019
A Nova Scotia Mi'kmaw chief wants more Indigenous oversight of the proposed Alton natural gas storage project near Stewiacke, N.S. — including the power to shut down operations. Millbrook Chief Bob Gloade made the assertion before a Canadian Senate ... CBC.ca  

Anadarko Petroleum's Outlook Is Looking Decent, But There's One Snag   Feb 14, 2019
Anadarko Petroleum has posted a 74% increase in profits for 4Q18, but since then, oil prices have tumbled and may average $61/bbl in 2019, as per BNP Paribas. Dip in prices will drag Anadarko ... Seeking Alpha  

Murphy Oil Guides To A 20% Production Increase   Feb 14, 2019
The new joint venture significantly increases production immediately. Joint venture rework and other maintenance projects offer upside potential. The stock price does not reflect the accretive ... Seeking Alpha  

Recent MRO News   Feb 14, 2019
Net operating cash flow was $3,234 million, or $3,211 million before changes in working capital. "2018 was a year of differentiated execution for Marathon Oil," said Chairman, President and CEO Lee Tillman. "While many in our industry talked about capital ... Bloomberg L.P.  

Upstart Pitches Plan for the Cheapest U.S. Natural Gas Exports   Feb 14, 2019
A little-known company is planning to be a standout in the crowded field of U.S. shale gas exports by slashing construction costs for the massive terminals that turn gas into a transportable liquid. The founders of Venture Global LNG Inc.-– Bob Pender, a ... Bloomberg L.P.  

Plasticizers Market to Rise US$ 16.50 Billion by 2024   Feb 14, 2019
Key players profiled in the report Arkema S.A., BASF SE, Daelim Industrial Co. Ltd., Dow Chemical Company, LG Chem Ltd., Evonik Industries AG, ExxonMobil Chemical, Eastman Chemical Company, Ineos Group, and UPC Group. Company profile includes assign such ... MarketWatch  

Oil and gas protest convoy sets off for Ottawa from Red Deer   Feb 14, 2019
After months of pro-pipeline rallies across Alberta, a protest truck convoy will leave Red Deer today for a four-day trek to Ottawa. Organizers want to show their opposition to the federal carbon tax and a bill that would change the way energy projects ... CBC.ca  

Houston's Occidental Petroleum profits soar as U.S. production rises   Feb 14, 2019
Occidental Petroleum said Tuesday that its fourth quarter and full-year profits soared in 2018 as its U.S. production rose to its highest in five years and prices moved higher for most of the year. Occidental said its fourth quarter profits jumped 42 ... Houston Chronicle  

Cenovus Energy (CVE) in Focus: Stock Moves 6% Higher   Feb 14, 2019
Cenovus Energy Inc. CVE was a big mover last session, as the company saw its shares rise nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a ... Yahoo Finance  

Nearly half of U.S. shale is profitable at $45 oil as winners, losers emerge: Rystad   Feb 14, 2019
In a new analysis of the best performers in each shale region, Norwegian energy research firm Rystad highlighted Chevron, Occidental Petroleum, Apache Corp., Pioneer Natural Resources, Concho Resources and Devon Energy as the largest, most successful ... Houston Chronicle  

Exclusive: Large DFW company seals deal to expand its HQ, add jobs   Feb 14, 2019
Irving is also home to Fortune 500 companies Fluor, Kimberly Clark, Celanese, Pioneer Natural Resources and Vista Energy. In addition to Flowserve, Fortune 1000 companies Michael’s, Commercial Metals, Darling Ingredients and Nexstar Communications also ... The Business Journals  

Your first trade for Thursday, February 14   Feb 14, 2019
The "Fast Money" traders shared their first moves for the market open. Tim Seymour was a buyer of EOG Resources. Brian Kelly was a buyer of the Oil & Gas ETF. Dan Nathan was a buyer of Nvidia. Guy Adami was a buyer of HollyFrontier. Yahoo Singapore Finance  

Net-zero energy homes have arrived — and are shaking up the US housing market   Feb 14, 2019
A majority of the energy was produced by fossil fuels like coal, petroleum and natural gas. Net-zero energy and zero energy-ready homes — which can be zero energy if solar panels are installed or their capacities are increased — are built to be more ... Finance Yahoo  

The Guyana-Suriname Basin: An Emerging Petroleum Province   Feb 14, 2019
A new petroleum province has emerged in the Guyana-Suriname Basin, thanks to Liza and other discoveries made by ExxonMobil in the deepwater Stabroek Block. The discoveries confirmed the petroleum ... Seeking Alpha  

Keystone pipeline operator TransCanada posts 27 percent rise in quarterly profit   Feb 14, 2019
(Reuters) - Keystone pipeline operator TransCanada Corp reported a 26.8 percent rise in fourth-quarter profit on Thursday, helped by higher demand for its natural gas pipelines. The Calgary-based ... Reuters  

Natural Gas Price Fundamental Daily Forecast – EIA Consensus Market Estimate is 80 Bcf Withdrawal   Feb 14, 2019
Natural gas futures are trading slightly better early Thursday, hovering near the mid-point of its two-week range. We could be looking at position-squaring ahead of the release of the government ... Yahoo Finance  

The World Still Doesn’t Have Enough Places to Plug In Cars   Feb 14, 2019
This week the company announced it had 105 electric-vehicle charging ... chief executive officer of U.S. incumbent Blink Charging Co., in an interview. Royal Dutch Shell Plc will be the first oil major to own a U.S.-based charging service outright after ... Bloomberg L.P.  

Aromatic Solvents Market to be Worth US$7.76 Bn by 2023, Booming Demand From Numerous End-use Industries to Bolster Growth - TMR   Feb 14, 2019
Some of the companies operating in the global aromatic solvents market are Eastman Chemical Company, BASF SE, Celanese Corporation, Chevron Phillips Chemical Company, Royal Dutch Shell plc ... inhibitors mainly in the oil and gas industry is further ... The Business Journals  

New Strong Sell Stocks for February 14th   Feb 14, 2019
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today: Cenovus Energy Inc. CVE is a producer of crude oil, natural gas liquids and natural gas. The Zacks Consensus Estimate for its ... Yahoo Finance  

Equitrans Midstream to Eliminate Incentive Distribution Rights   Feb 14, 2019
About Equitrans Midstream Corporation Equitrans Midstream Corporation (ETRN) has a premier asset footprint in the Appalachian Basin and is one of the largest natural gas gatherers in the United States. With a rich 135-year history in the energy industry ... Associated Press  

Global Oil Prices Turn Topsy-Turvy as Scorned Crudes Become Dear   Feb 14, 2019
Some of the world’s dirtiest and densest crudes traditionally spurned for being too difficult to process are having a moment in the sun, with a little help from Donald Trump. “Heavy-sour” oil from nations such as Venezuela and Iraq have a higher ... Bloomberg L.P.  

In Germany, the Green New Deal Actually Works   Feb 14, 2019
all the more so because of Chancellor Angela Merkel’s impulsive decision to phase out nuclear energy after the 2011 Fukushima nuclear disaster and the fraught geopolitics of natural gas supplies. For Germany, though, higher prices have been more of a ... Yahoo New Zealand  

Russia's Growth Expectations Fall Back to Earth   Feb 14, 2019
It was in large part the result of a big upward revision of construction data for the remote Yamal region, where a large liquefied natural gas facility was finished last year. The size of the revision raised eyebrows and led to widespread disbelief about ... Yahoo New Zealand  

Oil rises for third day as U.S.-China trade, OPEC cheer investors   Feb 14, 2019
LONDON (Reuters) - Oil rose for a third day on Thursday to reach its highest so far this year as financial markets drew support from investor optimism that the United States and China could ... Reuters  

Aramco picks banks for debut international bond - sources   Feb 14, 2019
The state oil giant has picked a group of banks including ... An international bond sale by Aramco will almost certainly require the company to obtain a credit rating and disclose financial ... Yahoo Finance  

Page 3 of 10