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Oil Rallies As Saudis Pledge Deep Cuts In March Production   Feb 12, 2019
Oil prices rallied 2 percent early on Tuesday after OPEC’s largest producer and de facto leader Saudi Arabia signaled even deeper cuts in production and exports of the Kingdom for March. OilPrice  

Transocean (RIG) Adds $907M to Backlog, Sees Activity Uptick   Feb 12, 2019
While the company won a few small contracts since the last feet report in October 2018, the $830-million worth five-year drilling contract received from Chevron Corporation CVX served as the ... Yahoo Finance  

OPEC cuts 2019 oil demand forecast on global slowdown   Feb 12, 2019
LONDON (Reuters) - OPEC cut its forecast for 2019 world oil demand on Tuesday due to slowing economies and expectations of faster supply growth from rivals, underlining its challenge to prevent a ... Reuters  

Saudi Aramco will expand into international oil and gas exploration: FT   Feb 12, 2019
Saudi state energy giant Aramco aims to expand into international oil and gas exploration in the coming years, a move that will see the company compete more directly with the likes of Exxon Mobil and Royal Dutch Shell. Aramco has historically stuck to ... Finance Yahoo  

With Iran squeezed out, U.S. oil takes on new rivals in Europe   Feb 12, 2019
BP, Litasco, Equinor, Total and ExxonMobil were among the main buyers in the Baltic replacing North Sea barrels with U.S. grades, traders say. “WTI is the new dated Brent,” said a senior crude trader referring to the U.S and European benchmarks. Reuters  

Why I’d dump buy-to-let and invest in FTSE 100 dividend share Shell instead   Feb 12, 2019
However, the company suffered from expected weak performance ... With a dividend yield of 5.9%, Shell continues to offer a relatively high income return. Unlike a number of oil and gas companies, though, it has a substantial amount of headroom when making ... Yahoo Finance UK and Ireland  

Germany, US seek to set aside spat over natural gas supplies   Feb 12, 2019
BERLIN (AP) — Germany's economy minister says he's confident the country will soon have two terminals capable of receiving imports of U.S. liquefied natural gas, something Washington has been ... Yahoo Finance  

Envoy Energy Fuels and Truk-King Logistics Join Forces to Build a Compressed Natural Gas Fuelling Station in Fort Erie, ON   Feb 12, 2019
FORT ERIE, ON, Feb. 12, 2019 /PRNewswire/ - Envoy Energy Fuels Inc. ("Envoy Energy") and Truk-King Logistics Inc. ("Truk-King") have started construction on a public compressed natural gas (CNG ... Yahoo Finance  

U.S. Sanctions Spark Surge in Venezuelan Oil Half the World Away   Feb 12, 2019
(Bloomberg) -- U.S. sanctions that have effectively blocked American imports of Venezuelan oil are leading to a crude-price surge thousands of miles away in China. State-run energy giant ... Yahoo Finance  

Venezuela pressures foreign partners on oil venture commitments: sources   Feb 12, 2019
(Reuters) - Foreign partners of Venezuela's PDVSA are facing pressure from the state-run oil firm to publicly declare whether they will continue as minority stakeholders in Orinoco Belt projects following U.S. sanctions, three people familiar with the ... Finance Yahoo  

Oil's Twilight? Here's One Investor View on How It Plays Out   Feb 12, 2019
The global oil industry’s foundation of ever-expanding demand will probably crumble and that may hurt profits sooner than expected, according to a London fund manager. The sector faces stagnating demand within seven-to-ten years and that means it may ... Bloomberg L.P.  

UPDATE 1-Germany set to have at least 2 LNG terminals -minister   Feb 12, 2019
German Economy Minister Peter Altmaier said on Tuesday he was optimistic that Germany would build two terminals in the foreseeable future to import liquefied natural gas (LNG). As Germany phases ... Reuters  

Libya's Haftar Takes Control of Country’s Largest Oil Field   Feb 12, 2019
(Bloomberg) -- Forces loyal to Libya’s eastern leader Khalifa Haftar have taken control of the country’s biggest oil field and say the deposit is secure and ready to resume production. Yahoo Finance  

Qatari stake in Rosneft paves way for global energy deals: Doha envoy   Feb 12, 2019
The United States has called on Qatar, one of the world’s top suppliers of liquefied natural gas (LNG), to challenge Russian gas dominance in Europe. But the tiny Gulf nation will not be at loggerheads with Russia over the European market on political ... Reuters  

Oil India's third-quarter profit beats estimate   Feb 12, 2019
Feb 12 (Reuters) - State-owned Oil India Ltd on Tuesday posted nearly 75 percent surge in its quarterly profit, handily beating analysts’ estimates, boosted by gains from its crude oil segment. Reuters  

Egypt announces winners in oil and gas exploration bid round   Feb 12, 2019
(Reuters) - Egypt announced the winners of an international bid round for oil and gas exploration on Tuesday, with a total of 12 concessions awarded. The companies awarded oil exploration concessions included Royal Dutch Shell, Eni, Merlon, Neptune Energy ... Reuters  

Oil up 1 percent on Saudi and OPEC cuts but outlook picture clouded   Feb 12, 2019
LONDON (Reuters) - Oil prices gained about 1 percent on Tuesday, supported by OPEC-led production cuts and U.S. sanctions against Iran and Venezuela, though remain wary of surging U.S. output and ... Reuters  

Paolo Scaroni Sees $60 Oil as a 'Propellant for Growth'   Feb 12, 2019
"Bloomberg Markets" is focused on bringing you the most important global business and breaking markets news and information as it happens. The David Rubenstein Show: Peer-to-Peer Conversations" explores successful leadership through the personal and ... Bloomberg L.P.  

Oil Rises From Two-Week Low Amid Deal to Avert U.S. Shutdown   Feb 12, 2019
(Bloomberg) -- Oil rose from a two-week low as a tentative accord to prevent another U.S. government shutdown reassured investors and boosted financial markets. Crude futures rose 0.8 percent in New York, after sliding on Monday to the lowest settlement ... Finance Yahoo  

IMF: Saudi Arabia Needs $80-85 Oil Price To Balance 2019 Budget   Feb 12, 2019
10 hours Is the Green race a race from energy dependence. 20 hours Neutrality or.. Economy Minister Says Important For UAE Not To Take Sides In China-U.S. Trade Tensions OPEC’s biggest producer ... OilPrice  

Oil Holds Below $53 as Shutdown Deal Counters U.S. Stockpiles   Feb 12, 2019
(Bloomberg) -- Oil held under $53 a barrel as a tentative deal to avoid another growth-killing U.S. government shutdown was offset by the prospect of rising American crude inventories. Futures in ... Yahoo Finance  

South African oil firm PetroSA looks to plug Eskom's diesel gap   Feb 12, 2019
CAPE TOWN (Reuters) - South Africa’s state-owned oil company PetroSA is in talks with power firm Eskom to supply it with diesel to prevent further electricity cuts, PetroSA’s acting chief ... Reuters  

Will Cupid's Arrow Hit The Energy Market With Some Love This Week?   Feb 12, 2019
The trend to trim continues, with Apache Corp. (APA), Carrizo (CRZO), Suncor (SU), Southwestern (SWN) and WPX Energy (WPX) all announcing lower 2019 capex versus 2018. All in so far, capital ... Seeking Alpha  

Petroleum Coke Market is Supposed to Reach US$ 33.0 billion by 2024   Feb 12, 2019
Pricing scenario of petroleum coke in major countries. The report also provides detailed analysis and revenue of companies such as BP Plc, Chevron Corporation, Essar Oil Ltd., ExxonMobil Corporation, HPCL - Mittal Energy Limited, Indian Oil Corporation ... MarketWatch  

Handyman accused of intentionally blowing up Denver rowhome   Feb 12, 2019
Perkins disconnected natural gas lines to a furnace, a stove and a water heater after breaking into one of the apartments, investigators said. He then poured gasoline throughout the basement “to further fuel an explosion,” Pixley told The Denver Post. Associated Press  

Egypt Dangles Incentives to Draw More Oil and Gas Investors   Feb 12, 2019
Royal Dutch Shell Plc, which operates ... cargoes over the past few years. The company will export 17 cargoes in 2019, El-Molla said. While gas exports are rising, Egypt still has to import much of the oil products it needs for heating, transportation ... Bloomberg L.P.  

Mayor: LA will ditch plan to rebuild natural gas plants   Feb 12, 2019
LOS ANGELES (AP) — Los Angeles will abandon a plan to spend billions of dollars rebuilding three natural gas power plants as the city moves toward renewable energy, Mayor Eric Garcetti said Monday. The decision marks an abrupt change of course for the ... Associated Press  

Favorite To Win Next Alberta Election Vows To Fight For Oil   Feb 12, 2019
Jason Kenney, the leader of the United Conservative Party (UCP), expected by polls to win this year’s election in Alberta, has vowed to fight harder for the province’s oil to get more market ... OilPrice  

Oil prices rise on OPEC output cuts, as U.S. sanctions bite   Feb 12, 2019
SINGAPORE (Reuters) - Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although analysts expect surging U.S. production and concerns over ... Reuters  

Occidental Petroleum Q4 2018 Earnings Preview   Feb 12, 2019
Occidental Petroleum (NYSE:OXY) is scheduled to announce Q4 earnings results on Tuesday, February 12th, after market close. The consensus EPS Estimate is $1.14 (+178.0% Y/Y) and the consensus ... Seeking Alpha  

Marathon, Galveston Bay workers to resume contract talks: official   Feb 12, 2019
“We’re waiting on the company for dates and times,” Jankowski said ... Negotiators for the USW International union reached agreement on Jan. 31 with Shell Oil Co, representing oil companies, on wages increases and benefits for 30,000 refinery ... Reuters  

Oil rises on OPEC cuts, U.S. sanctions on Iran and Venezuela   Feb 12, 2019
SINGAPORE (Reuters) - Oil prices rose on Tuesday amid OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela, although surging U.S. production and concerns over economic growth kept markets in check. U.S. West Texas Intermediate (WTI) crude oil ... Finance Yahoo  

Marathon, Galveston Bay workers to resume contract talks, union official says   Feb 12, 2019
Union workers at Marathon Petroleum’s (NYSE:MPC) Galveston Bay refinery in Texas are preparing to resume negotiations with the company after ... on Jan. 31 with Shell Oil, representing oil ... Seeking Alpha  

Natural Gas Price Prediction – Prices Whipsaw Following Cold Weather Forecast   Feb 12, 2019
Natural gas prices gapped higher but was unable to recapture resistance and slid into the close of the trading session. Colder than normal weather is expected to cover most of the west coast and ... Yahoo Finance  

Diamondback Energy Still Growing Strong After The Merger   Feb 12, 2019
Diamondback Energy (FANG) recently completed a merger with Energen (EGN) to cement its place as one of the largest Permian producers along with Occidental Petroleum (OXY). Unlike Occidental ... Seeking Alpha  

Equinor: 4th Quarter Results Show Growth Thesis Playing Out   Feb 12, 2019
Equinor has not historically been a fantastic dividend growth stock like ExxonMobil (XOM) or Chevron (CVX). Therefore, it was somewhat nice to see that Equinor took advantage of its strong ... Seeking Alpha  

Suncor Energy: Pricing Differential Drags On Results   Feb 12, 2019
The differential between WCS and WTI crude oil was at its highest levels ever during the fourth quarter of 2018. This had an impact on all of Suncor's financial figures. The company's refinery ... Seeking Alpha  

An Unexpected Bullish Factor For Oil   Feb 12, 2019
Nick Cunningham is a freelance writer on oil and gas, renewable energy, climate change, energy policy and geopolitics. He is based in Pittsburgh, PA. U.S. shale drilling activity is set to slow ... OilPrice  

The Biggest Threat To Oil Market Stability   Feb 12, 2019
The oil market should be mostly balanced this year, although “policy risk” will be a much larger driver for oil prices than the underlying fundamentals, according to a new report from Standard ... OilPrice  

Egyptian Oil & Gas Is BP’s Top Investment Destination Again   Feb 12, 2019
Oil and gas supermajor BP invested more in Egypt in each of the past two years than in any other country, BP’s chief executive officer Bob Dudley said at an energy forum in Cairo on Monday. OilPrice  

Murphy Oil: Key Takeaways From The Fourth Quarter 2018   Feb 11, 2019
Other companies that can be considered equivalent include Penn Virginia Corporation (OTC:PVAC), Anadarko Petroleum (APC), and Apache Corporation (APA). The first choice is, of course, an ... Seeking Alpha  

Crude Oil Price Forecast – crude oil pulls back   Feb 11, 2019
The WTI Crude Oil market fell a bit during the trading session on Monday, slicing through the $52 level again. We continue to see a lot of volatility in this market, so it shouldn’t be that ... Yahoo Finance  

Drilling Permit Roundup: EOG expands dominance in Eagle Ford   Feb 11, 2019
EOG Resources Inc., the largest landowner in the Eagle Ford Shale, filled 33 applications for drilling permits this past week, nearly doubling the number of new wells it plans to drill this year. Houston-based EOG (NYSE: EOG) has drilling rights to 520,000 ... The Business Journals  

Column: Venezuela sanctions leave oil market short of heavy crude   Feb 11, 2019
LONDON (Reuters) - U.S. sanctions on Venezuela’s state-owned oil company are tightening the global oil market and sending refiners around the world scrambling to find replacements for the ... Reuters  

3 Things to Watch When Williams Companies Reports Its Q4 Results   Feb 11, 2019
The natural gas pipeline giant had already produced $3.4 billion of adjusted EBITDA and $2.1 billion of distributable cash flow through the third quarter, which had the company on track to achieve the high end of its guidance range. Image source ... Yahoo Singapore Finance  

Which Oil Giant Generates The Most Cash?   Feb 11, 2019
As the oil supermajors surpassed estimates with strong Q4 and 2018 earnings, Shell beat Exxon—for a second year running—to affirm itself as Big Oil’s biggest cash flow generator. Shell ... OilPrice  

Extreme cold leads to saltwater spills at North Dakota wells   Feb 11, 2019
Saltwater, or brine, is a byproduct of energy production. The spills were reported by Marathon Oil, Oasis Petroleum and Lime Rock Resources, who cited equipment malfunctions. Oil and Gas Division spokeswoman Katie Haarsager tells The Bismarck Tribune that ... Associated Press  

Cimarex Energy and Resolute Energy Announce February 22nd Deadline for Resolute Stockholder's Election of Form of Merger Consideration   Feb 11, 2019
DENVER, Feb. 11, 2019 /PRNewswire/ -- Cimarex Energy Co. XEC, +2.29% ("Cimarex") and Resolute Energy Corporation REN, -0.41% ("Resolute") today announced that, in connection with Cimarex's pending acquisition of Resolute, the election deadline for holders ... MarketWatch  

Venezuela’s Oil Production Could Fall Below 700,000 Bpd Next Year   Feb 11, 2019
Venezuela’s oil industry has been in a tailspin in recent years, with the country’s crude oil production falling from 2.4 million barrels per day (bpd) in 2015 to only 1.34 million bpd at the ... OilPrice  

Oil Slips as Resumption of Trade Talks Offers Little Optimism   Feb 11, 2019
(Bloomberg) -- Oil skidded to its lowest close in two weeks as worries of a stalemate in U.S.-China trade talks fueled concerns about the global growth. Futures fell 0.6 percent in New York, following a 4.6 percent decline last week. U.S. negotiators will ... Finance Yahoo  

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