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Pioneer Natural Resources Announces Fourth Quarter 2018 Earnings News Release Date and Conference Call   Dec 06, 2018
Pioneer Natural Resources Company (“Pioneer”) PXD, -2.10% today announced its fourth quarter 2018 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Wednesday, February 13, 2019. A conference ... MarketWatch  

Markets partially recover after sinking on lower crude and trade worries   Dec 06, 2018
The January crude oil contract was down US$1.40 at US$51.49 per barrel and the January natural gas contract was down 14.2 cents at US$4.33 per mmBTU. The February gold contract was up US$1 at US$1,243.60 an ounce and the March copper contract was down 3.1 ... Finance Yahoo  

Chevron unveils $20B capex budget for 2019   Dec 06, 2018
Chevron (NYSE:CVX) says it plans a $20B organic capital and exploratory spending program for 2019, "anchored in high-return short-cycle projects, with more than two-thirds of spend projected to ... Seeking Alpha  

Permian's Delaware Basin 2x bigger than Midland, USGS survey says   Dec 06, 2018
The Permian’s Delaware Basin, the less drilled part of the giant oil field, holds more than 2x the amount of crude as its Midland Basin sister field, according to new data from the U.S ... Seeking Alpha  

Is This The Next Big Petrochemical Hub In The U.S.?   Dec 06, 2018
The shale gas bonanza over the past decade has led to a tidal wave of cheap natural gas, which has resulted in shuttered coal-fired power plants, new gas-fired generation and even LNG export ... OilPrice  

Top 5 Oil Supermajors: Third-Quarter 2018 Analysis   Dec 06, 2018
An integrated oil company is an oil and gas company involved ... 3 - Oil giant Royal Dutch Shell reported revenues and other income for the third-quarter 2018 of $101.55 billion, up 30.7% year ... Seeking Alpha  

Natural gas leak leads to warehouse evacuation in Burnaby   Dec 06, 2018
A linen-cleaning facility in Burnaby was evacuated late Wednesday night after a gas leak near the building. Fire officials on scene said the leak was caused by a ruptured gas line. On Thursday morning, FortisBC said it had determined the leak was caused ... CBC.ca  

Companies pay investors record amounts to own their stocks   Dec 06, 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 ... Yahoo Finance  

Exxon Mobil Falls 3%   Dec 06, 2018
Investing.com - Exxon Mobil (NYSE:XOM) fell by 3.01% to trade at $77.04 by 13:27 (18:27 GMT) on Thursday on the NYSE exchange. The volume of Exxon Mobil shares traded since the start of the ... Yahoo Finance  

The Race Is On For Philippines’ First LNG Terminal   Dec 06, 2018
News coming out of the Philippines is that yet another group of companies is trying to be the first to build a working liquefied natural gas (LNG) receiving terminal in the Philippines. OilPrice  

How to move a 1 million pound haul truck?   Dec 06, 2018
The truck was part of a big donation from Suncor to Keyano College and will be used to help train the future generation of haul truck drivers and mechanics. A decommissioned oilsands heavy haul truck gets delivered to a Fort McMurray college campus. CBC.ca  

Notley says other provinces owe it to Alberta to find a solution for the oil crisis   Dec 06, 2018
Alberta’s low oil prices will now be among the topics of discussion at the first ministers meeting in Montreal on Friday, but Premier Notley says she isn't happy with the amount of time given to ... Calgary CTV News  

Oil Tumbles 5% on Russian Silence Over OPEC; Huge U.S. Draw Little Help   Dec 06, 2018
Investing.com - At any other time, a 7-million-barrel weekly drawdown in U.S. crude inventories would have sent crude prices surging. But not when the Russians are maintaining an elegant silence on production cuts that has OPEC, and oil-dependent economies ... Finance Yahoo  

Green Group: British Columbia’s Climate Plan Can’t Afford LNG Projects   Dec 06, 2018
The province of British Columbia, which has just unveiled an ambitious emissions-cutting plan, cannot afford any more liquefied natural gas (LNG) export facilities if it is to meet its climate ... OilPrice  

OPEC looks to cut oil production to bolster falling price   Dec 06, 2018
OPEC countries were gathered Thursday to find a way to stop the fall in the price of oil, with analysts predicting the cartel and key ally Russia would agree to cut production by at least 1 million barrels per day. Crude prices have been falling since ... CBC.ca  

Chevron- "A Leap of Faith"   Dec 06, 2018
p> <p>An integrated oil and natural-gas giant, Chevron relies on the U.S. for 38% of revenue and 46% of profits. Its shares have increased 2% since the end of October, while the average S&amp ... Yahoo Finance  

Corroded pipe caused Tufts Cove oil spill, says NSP   Dec 06, 2018
Nova Scotia Power is blaming a corroded pipe for allowing thousands of litres of oil to spill into Halifax harbour this past summer. In a statement posted Wednesday to its website, the utility also said cleanup at its Tufts Cove generating station site ... CBC.ca  

Oil Prices Crash As OPEC+ Scrambles At 11th Hour   Dec 06, 2018
Nick Cunningham is a freelance writer on oil and gas, renewable energy, climate change, energy policy and geopolitics. He is based in Pittsburgh, PA. Oil prices crashed early Thursday, as OPEC ... OilPrice  

Trending: Soybeans Jump on US-China Trade Ceasefire   Dec 06, 2018
Check our previous Ttrends edition at Trending: Cold Weather and Low Inventories Push Natural Gas Prices to Four-Year Highs. The White House announced a 90-day trade truce that opens a period of ... Yahoo Finance  

OPEC tentatively agrees oil cut, waits for Russia to commit   Dec 06, 2018
VIENNA (Reuters) - OPEC tentatively agreed an oil output cut on Thursday but was waiting for a commitment from non-OPEC heavyweight Russia before deciding the exact volumes for a production ... Reuters  

Kibo Announces New Leadership Appointments Designed to Guide Customers Through the Digital Transformation Journey   Dec 06, 2018
With over 25 years of experience helping companies drive stronger performance, John has held prominent roles in companies including Lanyon, Infogroup, Sabre Holdings, Atlantic Richfield, and Shell Oil Company. In his role as Senior Vice President and ... The Business Journals  

The U.S. Just Became a Net Oil Exporter for the First Time in 75 Years   Dec 06, 2018
(Bloomberg) -- America turned into a net oil exporter last week, breaking 75 years of continued dependence on foreign oil and marking a pivotal -- even if likely brief -- moment toward what U.S ... Yahoo Finance  

Oil Price Fundamental Daily Forecast – Crude Plunges After Saudi’s Propose Smaller-Than-Expected Production Cut   Dec 06, 2018
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures reversed earlier gains and are now trading lower shortly before the U.S. opening. Saudi Arabia’s energy minister ... Yahoo Finance  

OPEC Quashes Energy Stock Bulls' Faith as Supply Cut Wishes Fade   Dec 06, 2018
Energy bulls are full of frustration as oil prices fall amid fading hopes of a meaningful supply cut. Saudi Arabia’s energy minister said earlier that output cuts of 1 million barrels a day from OPEC and its allies were adequate enough to balance the ... Bloomberg L.P.  

US STOCKS-China fears, lower oil erase 2018 gains for S&P, Dow   Dec 06, 2018
Dec 6 (Reuters) - U.S. stocks tumbled on Thursday, erasing this year’s slim gains in the S&P 500 and the Dow Jones Industrial Average, as the arrest of a top Huawei executive sparked fears of a flare-up in Sino-U.S. tensions, while weak oil prices added ... Reuters  

U.S. crude oil exports surge to record 3.2 million bpd last week: EIA   Dec 06, 2018
NEW YORK (Reuters) - U.S. crude oil exports surged to 3.2 million barrels per day (bpd) last week, the highest on record, based on data going back to 1991, U.S. Energy Information Administration data showed on Thursday. The surge in exports helped push ... Reuters  

U.S. LNG developer Tellurian strikes initial offtake deal with Vitol   Dec 06, 2018
LONDON, Dec 6 (Reuters) - Tellurian, which is developing a liquefied natural gas (LNG) export project on the U.S. Gulf Coast, has signed a preliminary deal to supply LNG to commodities trader Vitol. The deal prices the LNG against Platt’s Japan Korea ... Reuters  

CN Rail developing method for shipping oil in 'puck' form   Dec 06, 2018
Canada’s largest railway believes the “CanaPux” can be a game changer for the country’s oil industry. The CanaPux, developed by the Canadian National Railway, is essentially crude oil mixed with a polymer and wrapped in that same polymer. CTV News  

India to sell REC stake to another state lender, Power Finance Corp   Dec 06, 2018
In the previous fiscal year the government sold its 51 percent stake in Hindustan Petroleum Corp to state-owned explorer Oil and Natural Gas Corp. India’s April-October fiscal deficit was 103.9 percent of the target, indicating that the government ... Reuters  

Venezuela signs oil, gold investment deals with Russia - Maduro   Dec 06, 2018
CARACAS (Reuters) - Venezuela has signed deals securing investment from Russia in the South American country’s oil and gold sectors, President Nicolas Maduro said on Thursday at the end of a ... Reuters  

Easton Energy Announces Acquisition of Gulf Coast Natural Gas Liquids Pipeline Systems from Williams   Dec 06, 2018
HOUSTON, Dec. 6, 2018 /PRNewswire/ -- Easton Energy LLC ("Easton" or the "Company"), a Houston based midstream company, today announced the acquisition of approximately 416 miles of Gulf Coast ... Yahoo Finance  

Shell Energy North America (US), L.P., And Coachella Hills Wind LLC Sign Long-Term Power Purchase Agreement   Dec 06, 2018
View original content:http://www.prnewswire.com/news-releases/shell-energy-north-america-us-lp-and-coachella-hills-wind-llc-sign-long-term-power-purchase-agreement-300761147.html SOURCE Shell Oil Company MarketWatch  

US to ease oil drilling controls protecting imperiled bird   Dec 06, 2018
BILLINGS, Mont. — The Trump administration moved forward Thursday with plans to ease restrictions on oil and natural gas drilling and other activities across millions of acres in the American West that were put in place to protect an imperiled bird species. Finance Yahoo  

OPEC members say production cut coming, specifics TBD; U.S. crude oil -4%   Dec 06, 2018
Crude oil prices remain sharply lower in volatile trading after OPEC members say they agreed to production cuts but must await Russia before making a final decision on the exact amount and the ... Seeking Alpha  

The Zacks Analyst Blog Highlights: W&T Offshore, Whiting, Concho and Denbury   Dec 06, 2018
Most of the shale plays in the domestic market have the break-even oil price at significantly below $50, per a presentation by Pioneer Natural Resources Company (PXD). The break-even crude price ... Yahoo Finance  

Canada Pipeline System “Dysfunctional”: Industry Executive   Dec 06, 2018
It is also features a “dysfunctional pipeline nomination process,” according to Canadian Natural Resources, one of the top players in the field. In a press release presenting the company’s ... Crude Oil Prices  

Petrobras Ups Investment, Divestment Goals in New 5-Year Plan   Dec 06, 2018
Insights Into Investment Intent The Brazilian oil giant intends ... In this regard, the company has inked deals with major players like TOTAL S.A. TOT, Royal Dutch Shell plc RDS.A and Equinor ... Yahoo Finance  

Oil surges 5 percent as OPEC agrees output cut   Dec 06, 2018
LONDON (Reuters) - Oil prices jumped more than 5 percent on Friday as big Middle East producers in OPEC agreed to reduce output to drain global fuel inventories and support the market. Benchmark ... Reuters  

Mike Richardson Named President of Online Trading Academy   Dec 06, 2018
This is a perfect time as the company plans to roll out a revolutionary ... and started his career as a petroleum engineer with Shell International working on onshore and offshore oil and gas drilling rigs. He obtained a Master's degree in Business ... The Business Journals  

UPDATE 1-Iraq needs two years to wean itself off Iranian gas -energy official   Dec 06, 2018
Sanctions on Tehran’s oil sector took effect on Nov. 5 ... a $17 billion joint venture between Royal Dutch Shell, state-run South Gas Company and Mitsubishi. Abdul Ghani said Iraq is seeking ... Reuters  

Bank of Canada says economy weaker than expected, frets over oil   Dec 06, 2018
TORONTO (Reuters) - Bank of Canada Governor Stephen Poloz on Thursday said the economy was weaker than forecast and predicted low oil prices would cut growth, comments likely to reinforce market ... Reuters  

OPEC agrees tentative oil cut, waits for Russia to commit   Dec 06, 2018
VIENNA (Reuters) - OPEC tentatively agreed an oil-output cut on Thursday but was waiting to hear from non-OPEC heavyweight Russia before deciding the exact volumes for a production reduction aimed at propping up crude prices, two sources from the group said. Finance Yahoo  

Oil loses 3 percent in volatile trade as OPEC meets   Dec 06, 2018
LONDON (Reuters) - Oil tumbled in a volatile session on Thursday after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic impact of trade tensions hit global stock markets. The Organization of the Petroleum ... Finance Yahoo  

OPEC agrees oil output cut, no final figure yet: delegate   Dec 06, 2018
VIENNA (Reuters) - OPEC agreed on Thursday a tentative deal to cut oil output but has not yet come up with a final figure, an OPEC delegate said. Saudi Energy Minister Khalid al-Falih said earlier ... Reuters  

Rice University report: 'One-off' fixes for plastic waste aren't helpful   Dec 06, 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  

Saudis Back Modest OPEC+ Oil Cut, Don't Want to Shock Market   Dec 06, 2018
(Bloomberg) -- Saudi Arabia proposed a moderate oil-production cut from OPEC and its allies that would nudge the market back into balance, seeking to walk a fine line between preventing a surplus and appeasing U.S. President Donald Trump. “We in the ... Finance Yahoo  

CLE looks for group to build where golf dome used to stand   Dec 06, 2018
Ideally, construction would start in the summer, he said. Services such as water, sewer, hydro and natural gas are all available on site. Expressions of interest are due to the CLE by December 14. Born and raised in Thunder Bay, Jeff is proud to work in ... CBC.ca  

Weeks to cap a subsea oil leak? It's industry standard, says official   Dec 06, 2018
Oil companies working in Newfoundland and Labrador's offshore say it could take weeks to bring in and install special equipment to cap a blown-out subsea well, but a company in Houston, Texas says that timeline could be shorter. "With nothing else to ... CBC.ca  

Newmont Provides Updated 2019 and Longer-term Outlook   Dec 06, 2018
The project includes a 450 kilometer natural gas pipeline that is under construction to connect the Tanami site to the Amadeus Gas Pipeline, and construction and operation of two on-site power ... Yahoo Finance  

UPDATE 1-Falling oil rattles Russian rouble after OPEC cut signal   Dec 06, 2018
MOSCOW, Dec 6 (Reuters) - Russia’s rouble extended losses on Thursday, following oil prices which fell after OPEC signalled it may agree a smaller output cut than expected. The market had widely ... Reuters  

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