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Mineral Oil Market Product Overview, Growth Prospect and Future Scenario 2019-2028   Feb 14, 2019
Global Mineral Oil market study by players/vendors: Solutia Inc, Chevron Corporation, Applied Thermal Control Limited, The Dow Chemical Company, Huntsman International LLC, Clariant AG, Radco Industries Inc, Petro Canada (Suncor Energy Inc), Flowserve ... MarketWatch  

UK GAS-Prices inch up supported by stronger oil, coal   Feb 14, 2019
LONDON, Feb 14 (Reuters) - British wholesale gas prices were slightly higher on Thursday morning, even though there is stable supply and reduced demand. * Day-ahead gas inched up by 0.15 pence to ... Reuters  

Aker CEO: still sees M&A opportunities for its oil services firms   Feb 14, 2019
OSLO, Feb 14 (Reuters) - Norwegian oil industry-focused investment firm Aker still sees mergers and acquisitions opportunities for its oil service firms, including Aker Solutions, its chief ... Reuters  

Reviewing Pioneer Natural Resources   Feb 14, 2019
Pioneer Natural Resources just posted its fourth-quarter and full-year results for 2018. Capital expenditures are set to move lower in 2019 as the dividend climbs higher. Share buybacks on tap. Seeking Alpha  

Congressional Hearing: This Is How Far Venezuelan Oil Production Could Fall   Feb 14, 2019
Venezuela’s oil production could feasibly fall to just 500,000 barrels per day by year’s end, according to the US State Department’s Special Envoy to Venezuela in a Wednesday hearing on the ... OilPrice  

U.S. senators to try again to pass Russia sanctions bill   Feb 14, 2019
Russian state-owned energy projects outside of Russia including investments in liquefied natural gas projects also would face sanctions. Global energy companies including BP, Shell and ENI are likely to oppose the bill as are U.S.-based companies including ... Reuters  

The Oil Crash Is Over, but Debt Is Still Piling Up in the Gulf   Feb 14, 2019
(Bloomberg) -- The oil crash came and went but the debt pile it left across the Gulf is still growing, leaving the region’s energy-dependent economies more vulnerable next time a crisis strikes. Yahoo Finance  

Energy Companies Perform Better When CEO Pay Isn't Tied to Production   Feb 14, 2019
Anadarko Petroleum Corp., Cabot Oil & Gas Corp., Canadian Natural Resources Ltd. and Oil Search Ltd. weigh production and reserves-growth more than other companies in the study. Andarko and Cabot adjust share values used for calculating pay, based on the ... Bloomberg L.P.  

UPDATE 1-China's Jan crude oil imports rise from a year ago, gas imports at record   Feb 14, 2019
SINGAPORE, Feb 14 (Reuters) - China’s crude oil imports in January rose 4.8 percent from a year earlier, customs data showed on Thursday, with refineries building up their stockpiles ahead of ... Reuters  

Oil prices rise on Sino-American trade hopes, upbeat China data   Feb 14, 2019
SINGAPORE (Reuters) - Oil prices rose on Thursday, buoyed by hopes that potential progress in the latest Sino-U.S. tariff talks would improve the global economic outlook, and as China’s trade ... Reuters  

Strong Energy Sector, Trade Talk Optimism Boost U.S. Equity Indexes   Feb 14, 2019
Strong performances in shares of Newfield Exploration, Apache and Devon Energy were primarily behind the strength in the sector. Oil prices were boosted on Wednesday after Saudi Arabia’s Energy ... Yahoo Finance  

Chevron Signs New Gas Agreement with GS Caltex   Feb 14, 2019
Chevron U.S.A. Inc, a wholly owned subsidiary of Chevron Corp, announced the signing of a sales and purchase agreement with GS Caltex Corporation for the delivery of liquefied natural gas (LNG ... Yahoo Finance  

Turkish Ships To Start Drilling For Oil, Gas Offshore North Cyprus   Feb 14, 2019
Turkish exploration ships will soon start drilling for oil and gas offshore the northern part of Cyprus, the energy minister of the Turkish Cypriots told Turkish Anadolu Agency on Wednesday, a ... OilPrice  

China Jan natural gas imports highest on record - customs   Feb 14, 2019
* China’s January natural gas imports rose by 26.8 percent year-on-year to 9.81 million tonnes, a record high, according to a statement on the website of the General Administration of Customs on Thursday. * China January crude oil imports up 5.1 pct y/y ... Reuters  

Restive Oil Region Braces as Nigeria Heads Toward Election   Feb 14, 2019
Aiteo Eastern Exploration and Production Co., a Nigerian oil company which bought the Nembe Creek Trunk Line, formerly owned by Shell, reports losing as much as 45 percent of the crude injected into the pipeline to theft on some occasions. The typical ... Bloomberg L.P.  

Global Caustic Potash (Potassium Hydroxide) Industry   Feb 14, 2019
International Chemical Investors (ICIG), Occidental Petroleum Corp., Olin Corp., UNID Co Ltd. And Others (includes corresponding Graph/Chart) List of Global KOH Producers and their KOH Production Units Deceleration in Prices Puts Pressure on Vendors 5.1 ... The Business Journals  

Analysts Parse Occidental Petroleum's 'Messy' Quarter, Positive Guidance   Feb 14, 2019
Although Occidental Petroleum Corporation (NYSE: OXY) reported fourth-quarter headline earnings per share of $1.22, ahead of the consensus projection of $1.15, the beat came on the back of a lower ... Yahoo Finance  

Natural Gas Price Prediction – Prices Drop but Hold Support Ahead of Inventory Report   Feb 14, 2019
Natural gas prices moved lower on Wednesday ahead of Thursday inventory report from the Department of Energy. Expectations are for a 117 Bcf draw according to the average estimate from Estimize. Yahoo Finance  

Natural Gas Price Forecast – natural gas markets continue to show resistance above   Feb 14, 2019
Natural gas markets rallied a bit during the trading session on Wednesday but found enough resistance above at the $2.75 level again. Ultimately, I believe that the market continues to be very ... Yahoo Finance  

Uganda Sees First Oil Pushed Back To 2022   Feb 14, 2019
Uganda expects to start pumping oil in 2022, later than a previous target for 2021, because of lack of infrastructure and disagreements over taxes and plans with operators. Uganda is now looking ... OilPrice  

Marathon Oil reports $390M profit, keeps spending nearly flat   Feb 13, 2019
Houston's Marathon Oil reported a $390 million quarterly profit on Wednesday that bounced back from a loss the year prior and even improved on the third quarter of 2018. Led by profits from South Texas' Eagle Ford shale and North Dakota's Bakken shale ... Houston Chronicle  

Continental Resources Announces 2018 And 4Q18 Production, Year-End 2018 Proved Reserves And 2019 Capital Budget and Guidance   Feb 13, 2019
In particular, production from horizontal drilling in shale oil and natural gas resource plays and tight natural gas plays that are stimulated with extensive pressure fracturing are typically ... Yahoo Finance  

Oil States Announces Fourth Quarter 2018 Results of Operations   Feb 13, 2019
HOUSTON, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Oil States International, Inc. (OIS) reported a net loss for the fourth quarter 2018 of $14.3 million, or $0.24 per diluted share. During the fourth ... Yahoo Finance  

U.S. Sanctions, OPEC Cuts Create Rare Oil Price Shakeup   Feb 13, 2019
Due to tighter supply of medium and heavy sour crude oil, Middle Eastern benchmarks for sour crude grades have been trading higher than Brent Crude prices since the beginning of February in a ... OilPrice  

Norwegian court to rule on snow crabs, with hints for Arctic oil   Feb 13, 2019
OSLO (Reuters) - The Norwegian Supreme Court will rule on Thursday on whether European Union fishing boats need permits from Oslo to catch snow crabs off Arctic islands north of Norway, in a verdict that could affect future rights to explore for oil and ... Reuters  

Rowan Announces Extension with ExxonMobil for the Rowan Relentless   Feb 13, 2019
HOUSTON, Feb. 13, 2019 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (NYSE: RDC) announced today that ExxonMobil has exercised the third of four options for the Rowan Relentless, an R-Class ultra-deepwater drillship. The option will be ... The Business Journals  

Marathon Oil posts fourth-quarter profit   Feb 13, 2019
Feb 13 (Reuters) - Oil and gas producer Marathon Oil Corp reported a fourth-quarter profit on Wednesday compared to a year-ago loss, on the back of higher oil production at its U.S. shale assets. The company’s net income was $390 million, or 47 cents per ... Reuters  

Dallas utilities company to join S&P 500   Feb 13, 2019
In late 2018, Encana Corp. (NYSE: ECA), which is headquartered in Canada, announced plans to acquire Newfield in an all-stock transaction. Shareholders signed off on the deal between the two companies earlier this week. On the S&P 500, Atmos will list ... The Business Journals  

A New Twist In Europe’s Ongoing Gas Drama   Feb 13, 2019
More news has broken about Germany’s natural gas plans that could help provide markets for U.S. liquefied natural gas (LNG), but could also cause problems for the nearly completed Nord Stream 2 ... OilPrice  

Marathon Oil edges higher after Q4 beat; sees oil output rising 10% in 2019   Feb 13, 2019
Marathon Oil (NYSE:MRO) +0.6% after-hours following better than expected Q4 earnings and revenues, as total oil production rose 17% Y/Y to 206K net boe/day. MRO forecasts FY 2019 total oil ... Seeking Alpha  

Venezuela opposition takes steps to seize oil revenue as Maduro issues threat   Feb 13, 2019
CARACAS (Reuters) - Venezuela’s opposition-controlled congress named new temporary boards of directors to state-oil firm PDVSA on Wednesday, in an effort to wrest the OPEC nation’s oil revenue ... Reuters  

Summit Midstream Partners, LP Announces Date Change for Fourth Quarter 2018 Earnings Release and Earnings Call   Feb 13, 2019
SMLP provides natural gas, crude oil and produced water gathering services pursuant to primarily long-term and fee-based gathering and processing agreements with customers and counterparties in ... Yahoo Finance  

Pioneer Natural Resources posts profit miss, shares fall   Feb 13, 2019
(Reuters) - Pioneer Natural Resources Co reported fourth-quarter profit on Wednesday that missed analysts’ estimates, sending shares of the U.S. shale producer down in after-hours trading. The Irving, Texas, company reported an adjusted profit of $1.18 ... Reuters  

Encana completes acquisition of Newfield Exploration to create North America’s premier resource company   Feb 13, 2019
CALGARY, Alberta, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Encana Corporation (Encana) (TSX, NYSE: ECA) announced today that it has completed its acquisition of Newfield Exploration Company (Newfield ... Yahoo Finance  

Pioneer Natural Resources -5% as Q4 earnings miss estimates   Feb 13, 2019
Pioneer Natural Resources (NYSE:PXD) -4.7% after-hours as it missed Q4 earnings expectations while revenues rose 75% Y/Y to $2.68B. PXD says Q4 production rose 4.8% Y/Y to 319.6K boe/day from 305K ... Seeking Alpha  

Brent/WTI Differential to Aid Oil & Gas Refining & Marketing Industry   Feb 13, 2019
The Zacks Oil and Gas - Refining & Marketing industry consists of companies that are involved in selling refined petroleum products (including heating oil, gasoline, residual oil, etc.) and a ... Yahoo Finance  

Marathon Oil: 4Q Earnings Snapshot   Feb 13, 2019
HOUSTON (AP) _ Marathon Oil Corp. (MRO) on Wednesday reported fourth-quarter net income of $390 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Houston ... Yahoo Finance  

Marathon Oil Announces $2.4 Billion Development Capital Budget for 2019; Reports Fourth Quarter and Full-Year 2018 Results   Feb 13, 2019
2019 Budget Organic Free Cash Flow Positive Above $45/BBL WTI; Returned Over 25% of 2018 Annual Operating Cash Flow to Shareholders HOUSTON, Feb. 13, 2019 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) today announced its 2019 capital expenditure ... The Business Journals  

Marathon Oil beats profit estimates on higher U.S. production   Feb 13, 2019
(Reuters) - Marathon Oil Corp beat analysts’ estimates for fourth-quarter profit on Wednesday, on the back of higher oil production at its U.S. shale assets and said it expects oil production to grow 10 percent in 2019. The company has been looking to ... Reuters  

Pioneer Natural Resources: 4Q Earnings Snapshot   Feb 13, 2019
IRVING, Texas (AP) _ Pioneer Natural Resources Co. (PXD) on Wednesday reported fourth-quarter net income of $324 million. On a per-share basis, the Irving, Texas-based company said it had profit ... Yahoo Finance  

Pioneer Natural Resources Company Increases Dividend on Common Shares   Feb 13, 2019
Pioneer Natural Resources Company PXD, +3.23% (“Pioneer” or “the Company”) today announced that its Board of Directors approved an increase in the Company’s semiannual cash dividend from $0.16 per share to $0.32 per share on Pioneer’s ... MarketWatch  

Texas Shale Forces Big Oil Cost Revolution, Chevron CEO Says   Feb 13, 2019
High Prices “Let’s not bet on high prices,” Wirth said, sitting in a conference room in the company’s Houston ... European major Royal Dutch Shell Plc. Oil executives have talked about ... Yahoo Finance  

Goldman: ‘Shock And Awe’ OPEC Cuts To Send Oil Higher Soon   Feb 13, 2019
Goldman Sachs expects Brent Crude prices to hit US$67.50 a barrel in the second quarter of the year as ‘shock and awe’ production cuts by OPEC and increased supply disruptions couple with ... OilPrice  

Apache Corporation Is Making The Right Moves   Feb 13, 2019
Apache Corporation will spend $2.4Bn in 2019 as upstream capital, lower than its previous forecast of $3Bn and down from $3.1Bn spent last year. The company hasn’t significantly reduced its ... Seeking Alpha  

U.S. Warns The World Against Buying Venezuelan Oil   Feb 13, 2019
U.S. National Security Advisor John Bolton has warned countries and companies against buying crude oil from Venezuela, after the Latin American country’s Oil Minister Manuel Quevedo said during ... OilPrice  

Occidental Petroleum - Key Takeaways From The Fourth Quarter   Feb 13, 2019
Occidental Petroleum's 4Q'18 total revenues and other were $4,802 million, up 33.8% from a year ago, but down 22.3% sequentially. The company's profit was $706 million or $0.92 per share. Seeking Alpha  

How Do Analysts See Chevron Corporation (NYSE:CVX) Performing In The Years Ahead?   Feb 13, 2019
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Chevron Corporation’s (NYSE:CVX) most recent earnings announcement in ... Yahoo Finance  

Hungary : The political pillar of Hungarian-American relations is being reconstructed   Feb 13, 2019
Meaning the infrastructure and legal requirements for this are all available. With relation to this, Mr. Szijjarto asked Mike Pompeo to take action to ensure that ExxonMobil begins the extraction of natural gas from the Romanian gas fields. This would open ... MarketWatch  

Qatar : Qatar Petroleum and ExxonMobil take Final Investment Decision to build a mega LNG export project in the USA   Feb 13, 2019
Feb 13, 2019 (Euclid Infotech Ltd via COMTEX) -- Qatar Petroleum and ExxonMobil have taken the final investment decision for developing the Golden Pass LNG export project, which is located in Sabine Pass, Texas, and is owned by Golden Pass Products LLC - a ... MarketWatch  

Cenovus Forges Ahead on Rail Plans as Canadian Peers Dial Back   Feb 13, 2019
Cenovus Energy Inc. is forging ahead with plans to expand its rail shipments of crude to U.S. refiners, even as some peers dial back, in a bet that pricing for Canadian heavy crude will soon shift to make those shipments more economical. Chief Executive ... Bloomberg L.P.  

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