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Mexco Energy Corporation Reports Third Quarter and Oil and Gas Drilling Results   Feb 12, 2019
Another 28 wells are being drilled and completed. The operators of these wells include Apache Corporation, Concho Resources, Inc., Marathon Oil Company, Mewbourne Oil Company, XTO Energy, Inc. and others. To date for the first nine months, over 75 wells ... MarketWatch  

Westcoast Energy Declares Dividends   Feb 12, 2019
liquids and natural gas pipelines, regulated natural gas distribution utilities and renewable power generation. The Company safely delivers an average of 2.9 million barrels of crude oil each day ... Yahoo Finance  

Houston's Occidental Petroleum profits soar as U.S. production rises   Feb 12, 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  

Oil Prices Rise on Trade Optimism; Production Cuts, U.S. Sanctions Also Supportive   Feb 12, 2019 - Oil prices gained on Tuesday in Asia following positive comments on trade by the administration of President Donald Trump and the president himself. The U.S. Crude Oil WTI Futures ... Yahoo Finance  

USD/CAD Daily Price Forecast – Spike in Crude Oil Price Drags Price Action Below Mid 1.32 Handle   Feb 12, 2019
The USDCAD pair yesterday saw positive price action despite a clear lack of high impact macro data updates. The upside move of the pair was supported by Dollar bulls which gained positive ... Yahoo Finance  

U.S. oil output to hit new record above 13 million bpd in 2020: EIA   Feb 12, 2019
NEW YORK (Reuters) - U.S. crude oil output is expected to rise 1.45 million barrels per day (bpd) this year and 790,000 bpd more next year, bringing total output to 13.2 million bpd, the Energy ... Reuters  

Hedge Funds Unsure Where Oil Prices Are Going   Feb 12, 2019
Following an optimistic start to the year and the best January ever for oil prices, hedge funds and other money managers began the month of February more cautiously as fears about global economic ... OilPrice  

Houston energy giants partner with VC, accelerator to identify industry tech needs   Feb 12, 2019
Eunike Ventures has formed an alliance with The Woodlands-based Anadarko Petroleum Corp. (NYSE: APC), Equinor Technology Ventures, a subsidiary of Norway-based Equinor ASA (NYSE: EQNR), and New York-based Hess Corp. (NYSE: HES) to identify promising ... The Business Journals  

Occidental Petro slips despite Q4 beat; sees production gains with lower capex   Feb 12, 2019
Occidental Petroleum (NYSE:OXY) -1.6% after-hours despite reporting better than expected Q4 earnings and revenues, with record Q4 cash flow from operations before working capital of $1.9B. Seeking Alpha  

New Mexico nets record revenues from oil production   Feb 12, 2019
ALBUQUERQUE, N.M. (AP) — Oil production in New Mexico has surged, resulting in record revenues for government coffers and public education. Figures released Tuesday by an industry group show revenues and taxes from the oil and natural gas sector reached ... Associated Press  

Oil gains one percent after Saudi Arabia pledges more output cuts   Feb 12, 2019
NEW YORK (Reuters) - Oil prices rose more than 1 percent on Tuesday after OPEC figures showed it cut production sharply in January, and as lead member Saudi Arabia said it would reduce its output ... Reuters  

Occidental: 4Q Earnings Snapshot   Feb 12, 2019
HOUSTON (AP) _ Occidental Petroleum Corp. (OXY) on Tuesday reported fourth-quarter profit of $706 million. The Houston-based company said it had net income of 93 cents per share. Earnings ... Yahoo Finance  

Occidental Petroleum Announces 4th Quarter and Full Year 2018 Results   Feb 12, 2019
HOUSTON, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Occidental Petroleum Corporation (OXY) today announced its fourth quarter and full year 2018 results. The announcement, financial schedules and ... Yahoo Finance  

Occidental Petroleum profit beats on Permian strength   Feb 12, 2019
(Reuters) - Occidental Petroleum Corp on Tuesday reported a quarterly profit that beat analysts’ estimates, helped by a surge in Permian basin production and higher realized prices for its crude. Production from its Permian resources unit rose 57 percent ... Reuters  

Oil Prices Rise After API Reports Surprise Crude Draw   Feb 12, 2019
The American Petroleum Institute (API) reported a small crude oil inventory draw of 998,000 barrels for the week ending February 8, close to analyst expectations that predicted a build in crude ... OilPrice  

Daybreak: Trump Flexible on Tariff Cutoff. Oil Pops. (Podcast)   Feb 12, 2019
In today’s Hong Kong Daybreak podcast, we cover the biggest stories that happened overnight. Donald Trump could let his deadline for higher tariffs on Chinese goods "slide for a little while." Jerome Powell acknowledged that not all Americans are feeling ... Bloomberg L.P.  

Australia shares to rise on Wall Street gains, higher oil prices; NZ up   Feb 12, 2019
Feb 13 (Reuters) - Australian shares are likely to open higher on Wednesday, tracking a Wall Street rally prompted by new hopes on the U.S.-China trade talks, while energy stocks are expected to boost the benchmark on higher oil prices. The local share ... Reuters  

Occidental Petroleum adjusted profit surges   Feb 12, 2019
(Reuters) - Oil and gas producer Occidental Petroleum Corp reported a jump in quarterly adjusted profit on Tuesday, helped by higher output from its Permian basin assets. The company’s adjusted profit rose to $922 million, or $1.22 per share, in the ... Reuters  

Why Royal Dutch Shell Is The Best Energy Stock For New Investors   Feb 12, 2019
Last year, Royal Dutch Shell surpassed Exxon Mobil as the world’s largest oil and gas company. Shell's overall performance is no longer dependent only on oil prices and its volatility. Seeking Alpha  

Sanctions On Venezuela Leaves Oil Market Scrambling For Heavy Crude   Feb 12, 2019
In an oil market already tighter on heavy crude grades due to OPEC’s production cuts and U.S. sanctions on Iran’s oil, refiners now face an even tighter supply of heavy crude with the sweeping ... OilPrice  

Texas Oil Production Breaks New Record   Feb 12, 2019
The state of Texas now has even more bragging rights in the U.S. Oil Patch, and even globally According to a new report from the Texas Independent Producers Royalty Owners Association, the Lone ... OilPrice  

The Energy Industry Gets Its Shift Together at HERWorld19   Feb 12, 2019
It started in 2016 when oil prices hit rock bottom and was supported by Shell, KPMG and Halliburton ... and nuclear. Its sister company is Experience Energy and is the destination careers site for diverse talent in energy. The Business Journals  

Encana-Newfield merger wins shareholder approvals   Feb 12, 2019
Encana (ECA +1.1%) and Newfield Exploration (NFX +1.7%) say their planned merger was approved by shareholders of both companies at special shareholder meetings held today. Upon completion of the $ ... Seeking Alpha  

Oil Market Tightens On OPEC Cuts   Feb 12, 2019
- U.S. exports of ethane have increased from almost nothing in 2013 to as much as 260,000 bpd on average in the first 10 months of 2018, according to the EIA. - Ethane is a critical feedstock for ... OilPrice  

Two Coal Plants Could Close Despite Opposition From Trump   Feb 12, 2019
In recent years, the rise of natural gas and renewables has been challenging coal plants, some of which have struggled to stay afloat amid stagnating power demand. In its latest inventory of ... OilPrice  

Chevron CEO wants to stay in Venezuela while working with U.S. on sanctions   Feb 12, 2019
Chevron (CVX +1.4%) CEO Mike Wirth says the company intends to stay in Venezuela and work closely with the U.S. despite the country's spiraling economic crisis. Sanctions issued last month by the ... Seeking Alpha  

Germany Set To Build LNG Terminals Amid European Gas Battle   Feb 12, 2019
Germany will likely build two terminals to import liquefied natural gas (LNG), Economy Minister Peter Altmaier said on Tuesday, in a move to appease the U.S. while Berlin also supports the Russia ... OilPrice  

US expects record domestic oil production in 2019, 2020   Feb 12, 2019
The U.S. says domestic oil production levels will reach new heights this year and next, and that prices will be lower than they were in 2018. The U.S. Energy Information Administration said Tuesday that it expects the United States to pump 12.4 million ... Finance Yahoo  

Trump 'unhappy' with border deal, mum on whether he'll sign it   Feb 12, 2019
Democrats said the number of beds would be trimmed to 40,520 by year's end. Imperial Oil CEO surprised Trump administration hasn't launched trade attack against Alberta But a proposal to cap at 16,500 the number of detainees caught in areas away from the ...  

BCE Bonds Top Peers Despite Potential Huawei Ban From 5G Network   Feb 12, 2019
That gain makes BCE the third best performer among Canadian issuers behind Canadian Natural Resources Ltd. and Inter Pipeline Ltd. -- and compares to a 1.9 percent year-to-date gain for Canadian corporates overall, according to the Bloomberg Barclays ... Bloomberg L.P.  

Los Angeles abandons new natural gas plants in favor of renewables   Feb 12, 2019
(Reuters) - Los Angeles will abandon a plan to replace three aging gas power plants along its coast with newer natural gas technology and will instead invest in renewable energy as it seeks to move away from fossil fuels, the city’s mayor said on Tuesday. Reuters  

Shell, Eni among Winners In Egypt Licensing Round   Feb 12, 2019
and Petronas were also awarded licenses for natural gas exploration. The government awarded a total 12 licenses, with the minimum investment seen at between US$750 million and US$800 million. OilPrice  

Is A Natural Gas Cartel Forming?   Feb 12, 2019
It has now been over two months since Qatar made the decision to leave OPEC, with many analysts providing informed views on Qatar’s future energy strategy. This article aims to provide an ... OilPrice  

California Puts Another Nail in Coffin for Fossil-Fuel Plants   Feb 12, 2019
Los Angeles will ditch a plan to spend billions rebuilding three natural gas-fired power plants as the city moves toward getting all of its electricity from renewable energy. The city will phase out the three units that together represent 38 percent of the ... Bloomberg L.P.  

Big Oil’s Big Issue With Embracing ‘Big Energy’   Feb 12, 2019
(Bloomberg Opinion) -- Oil majors increasingly are trying their hand at being alternative-energy minors. Royal Dutch Shell Plc, which traces its roots back to the late 19th century, just bought ... Yahoo Finance  

Egypt plugs hub status as Shell, Eni, Exxon win energy concessions   Feb 12, 2019
The Egyptian Natural Gas Holding Corporation's bid round, which was the largest in its history, included border areas in the Mediterranean Sea as well as land areas in the Nile Delta. Five gas ... Yahoo Finance  

Why WTI Is A Global Oil Market Benchmark   Feb 12, 2019
Oil markets are global, and therefore oil prices around the world generally move in tandem. There are differences in oil prices based on quality and geography, but the fungible nature of oil ... OilPrice  

U.S. natgas output, demand seen rising to record highs in 2019   Feb 12, 2019
(Reuters) - U.S. dry natural gas production will rise to an all-time high of 90.16 billion cubic feet per day (bcfd) in 2019 from a record high of 83.26 bcfd in 2018, according to the Energy Information Administration’s Short Term Energy Outlook (STEO ... Reuters  

Solaris Water Midstream begins water recycling operations in the Permian Basin   Feb 12, 2019
A subsidiary of Marathon Oil Company signed a long-term contract for water services in a 369,000-acre area of Lea County, New Mexico that will allow for a 125-mile expansion of the Pecos Star pipeline network. Houston Chronicle  

EIA cuts 2019 world oil demand growth forecast   Feb 12, 2019
WASHINGTON, (Reuters) - The U.S. Energy Information Administration on Tuesday cut its 2019 world oil demand growth forecast by 50,000 barrels per day to 1.49 million bpd. In its monthly forecast, the agency cut its oil demand growth estimate for 2020 by ... Reuters  

Saudi Arabia's Golden Giveaway to Crude Producers: Oil Strategy   Feb 12, 2019
For years Saudi Arabian oil ministers have said that the kingdom won’t balance the oil market on its own. That is pretty much what it’s doing now. By cutting output more than it pledged and promising to go even further next month, the world’s largest ... Bloomberg L.P.  

Oil up nearly three percent on Saudi and OPEC cuts   Feb 12, 2019
LONDON (Reuters) - Oil prices gained nearly 3 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd ... Reuters  

Examining Cabot Oil & Gas Corporation’s (NYSE:COG) Weak Return On Capital Employed   Feb 12, 2019
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Today we are going to look at Cabot Oil & Gas Corporation (NYSE:COG) to ... Yahoo Finance  

Oil Climbs From Two-Week Low on Report of More Saudi Supply Cuts   Feb 12, 2019
(Bloomberg) -- Oil rebounded from a two-week low as Saudi Arabia pledged to deepen production cuts and U.S. officials gave hopeful signs about budget negotiations and the trade war with China. Yahoo Finance  

BP CEO Bob Dudley warns oil market uncertainty could lead to a 'real crunch'   Feb 12, 2019
When asked whether production cuts from the so-called OPEC+ coalition were likely to help stabilize oil prices, Dudley replied: "Well, there's a lot of variables here and there's a lot of things ... Yahoo Finance  

PDVSA Asks JV Partners To Strengthen Commitments On Oil Projects   Feb 12, 2019
Venezuela’s troubled state oil company PDVSA is pressuring its joint venture partners to strengthen their commitment to their joint projects, Reuters reports, citing unnamed sources. The company ... OilPrice  

Dominion Energy to Reduce Methane Emissions from Natural Gas Infrastructure by 50 percent Over the Next Decade   Feb 12, 2019
- Industry-leading, voluntary initiative across entire gas infrastructure business targets 50 percent reduction in methane emissions by 2030 - Reduced emissions equivalent to taking 2.3 million ... Yahoo Finance  

OPEC cuts oil supply steeply but sees growing 2019 headwinds   Feb 12, 2019
LONDON (Reuters) - OPEC said on Tuesday it had cut oil production steeply under a global supply deal, although it flagged headwinds confronting its efforts to prevent a glut this year including ... Yahoo Finance  

Oil Jumps As Saudis Plan Further Production Cuts   Feb 12, 2019
Saudi Arabia plans to reduce its crude oil production further, to 9.8 million bpd in March, Energy Minister Khalid al-Falih said in an interview for the Financial Times. This compares with more ... OilPrice  

Encana and Newfield’s strategic combination receives shareholder approvals   Feb 12, 2019
CALGARY, Alberta, Feb. 12, 2019 (GLOBE NEWSWIRE) -- Encana Corporation (Encana) (TSX, NYSE: ECA) and Newfield Exploration Company (Newfield) (NFX) announced that the proposals necessary for the ... Yahoo Finance  

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