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Why Occidental (OXY) is Poised to Beat Earnings Estimates Again   Jul 15, 2019
Occidental Petroleum (OXY), which belongs to the Zacks Oil and Gas - Integrated - United States industry, could be a great candidate to consider. When looking at the last two reports, this oil and ... YAHOO!  

ADNOC hires BAML, Mizuho for natural gas pipelines deal –sources   Jul 15, 2019
DUBAI, July 15 (Reuters) - Abu Dhabi National Oil Company (ADNOC) has hired Bank of America Merrill Lynch and Mizuho to arrange the lease of its natural gas pipeline assets, sources familiar with the matter said, as the oil giant establishes new ... Reuters  

Oil Rises On U.S. Shut-Ins, Impressive Chinese Data   Jul 15, 2019
Despite lingering concerns over a global oil oversupply and weak Chinese economic growth, oil prices reversed losses to edge up early on Monday morning as 73 percent of U.S. Gulf of Mexico oil ... OilPrice  

McDermott Wins FEED Award for North Field Expansion Project   Jul 15, 2019
Royal Dutch Shell plc RDS.A and ConocoPhillips hold shares. Notably, the North Gas field, which was discovered around 48 years ago, holds recoverable reserves of more than 900 trillion standard ... YAHOO!  

Chevron's Venezuela Business at Risk: Will US Extend Waivers?   Jul 15, 2019
Chevron Corporation’s CVX operations in Venezuela are at the crossroads. The firm, which is the last U.S. oil major that is still operating in Venezuela, might be forced to exit the country if ... YAHOO!  

Oakmark Fund: Second Quarter 2019   Jul 15, 2019
The Fund benefited from Occidental Petroleum's (NYSE:OXY) acquisition offer for Anadarko Petroleum (NYSE:APC) and we sold our Anadarko holding following an increase of over 50% for the quarter. Seeking Alpha  

E&P Mid-Year 2019 Recap: A Terrible, Horrible, No Good, Very Bad Anniversary   Jul 15, 2019
That was short. Neither debt nor equity markets showed much activity, unless you include such M&A transactions as Encana/Newfield, Chesapeake/WildHorse and the pending Occidental/Anadarko deals. Seeking Alpha  

UPDATE 1-Two groups bid in Israel's offshore energy tender   Jul 15, 2019
Texas-based Noble Energy is the operator of two large projects and Energean already has operations in Israel. A date for a final decision was not given, but should the bidders be granted licences ... Reuters  

Natural Gas Rises on Weather, Storm-Induced Disruptions   Jul 15, 2019
The U.S. Energy Department's weekly inventory release showed a larger-than-expected increase in natural gas supplies that was also higher than the five-year average and the year-ago rise. YAHOO!  

Permian Witnesses Oil Rig Count Decline in 10 of 13 Weeks   Jul 15, 2019
Two Permian drillers that should be in the watch list of investors are Devon Energy Corporation DVN and Pioneer Natural Resources Company PXD. Both the stocks carry a Zacks Rank #3 (Hold). YAHOO!  

Equitrans Midstream Corporation and EQM Midstream Partners Appoint Diana M. Charletta as President   Jul 15, 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 ... YAHOO!  

SMLP Announces Start-Up of DJ Basin Processing Plant   Jul 15, 2019
This new infrastructure provides our customers with a much-needed outlet for the rapidly growing associated natural gas production in this rural part of northern Weld County, which we expect will ... YAHOO!  

Callon Petroleum to buy Carrizo Oil & Gas in $3.2 billion deal   Jul 15, 2019
(Reuters) - Callon Petroleum Co (CPE.N) said on Monday it will buy Carrizo Oil & Gas Inc (CRZO.O) in an all-stock deal valued at $3.2 billion to bolster its presence in the oil-rich Permian and Eagle Ford shale basins. The combined company will have about ... Reuters  

 Amid strong pressures to increase buybacks in energy companies, Callon Petroleum will buy Carrizo. Combined operation can save more than $100 million in costs annually.


Callon Petroleum to buy Carrizo Oil & Gas in $3.2 bln deal   Jul 15, 2019
July 15 (Reuters) - Callon Petroleum Co will buy Carrizo Oil & Gas Inc in an all-stock deal valued at $3.2 billion, the oil and gas producers said on Monday. Carrizo shareholders will receive 2.05 Callon shares for each share held, or about $13.12 per ... Reuters  

Callon to Acquire Carrizo in All-Stock Transaction   Jul 15, 2019
Callon is an independent energy company focused on the acquisition and development of unconventional onshore oil and natural gas reserves in the Permian Basin in West Texas. This news release is ... YAHOO!  

UPDATE 2-No impact from Broome earthquake on Australia oil, gas, port operations   Jul 15, 2019
MELBOURNE, July 15 (Reuters) - Oil and gas operations onshore and offshore Western Australia were unaffected by a magnitude 6.6 earthquake that struck off the northern coast of the state on Sunday ... Reuters  

Aqua Terra Water Management Announces New Syndicated Debt Facility of Up to $100 MM To Fund Permian Growth   Jul 15, 2019
Aqua Terra Water Management, LP (together with its subsidiaries, "Aqua Terra" or the "Company"), a North American growth-oriented oilfield water management and logistics company, is pleased to ... YAHOO!  

Genoil Substantially Increases Total Oil Production Goals In Yakutia And Is Working On Developing New Advanced Oil Processing Patents   Jul 15, 2019
NEW YORK, NEW YORK / ACCESSWIRE / July 15, 2019 / Genoil Inc. (OTC PINK: GNOLF) had recently signed an advisory fee agreement with Tuimaada-Neft, which was published on July 3, 2019. This new ... YAHOO!  

Barry to Unleash Deadly Floods on March Through Louisiana   Jul 15, 2019
With the storm now firmly ashore, some producers in the Gulf of Mexico are preparing to, or have begun to, re-staff their offshore crude and natural gas platforms. Exxon Mobil Corp. said it was ... YAHOO!  

 Exxon Mobil, BHP Group, Enbridge, and Chevron are re-staffing Gas and Oil platforms in Gulf of Mexico as Storm Barry weakens on it's course.


American Midstream Announces Anticipated Closing Date of Merger with ArcLight Affiliate and Intention to Delist Its Common Units   Jul 15, 2019
About American Midstream Partners, LP American Midstream Partners, LP is a limited partnership formed to provide midstream infrastructure that links producers of natural gas, crude oil ... YAHOO!  

India's June vegetable oil imports up 6% - trade body   Jul 15, 2019
NEW DELHI (Reuters) - India’s vegetable oil imports rose 6% in June from a year ago to 1.11 million tonnes, a leading trade body said on Monday. Palm oil imports totalled 676,552 tonnes last ... Reuters  

Russia's oil export duty to decline to $94.1/T in Aug   Jul 15, 2019
MOSCOW, July 15 (Reuters) - Russia's oil export duty CL-EXPDTY-RU is expected to fall to $94.1 per tonne in August from $100.3 per tonne in July following a decline in oil prices, the finance ... Reuters  

Petroleum storage project has Big River residents worried   Jul 15, 2019
This would pave the way for Michaud Petroleum, a Grand Falls-based subsidiary of Shell, to build a fuel depot. The depot would receive and store 500,000 litres of petroleum products — including diesel, gas and furnace oil — in five underground ... CBC.ca  

ExxonMobil or Chevron? An Easy Buy Decision   Jul 15, 2019
In an oil patch held hostage by constant, but always changing geopolitical and macroeconomic risks, the price charts in ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) are quite clear. For bullish ... YAHOO!  

Iraq's southern oil exports average 3.42 mln bpd so far in July - officials   Jul 15, 2019
BASRA, Iraq, July 15 (Reuters) - Iraq’s oil exports from its southern ports have reached 3.42 million barrels per day (bpd) so far in July, two oil officials told Reuters on Monday. Exports from ... Reuters  

Exxon’s Loss In a Court Case in Europe May Be a Gain for Carbon Market   Jul 15, 2019
The European Union’s Court of Justice ruled that part of Exxon’s natural gas processing plant in Germany should be classified as an electricity generator, a decision that could result in a cut to its allocation of free pollution rights. Since 2013 ... Bloomberg L.P.  

AP FACT CHECK: Trump wrong about Dems, census, citizenship   Jul 15, 2019
THE FACT: This accusation is hard to sustain given the rise of U.S. energy under Obama. In 2013, the U.S. became the world’s top producer both of natural gas and petroleum hydrocarbons, says the government’s U.S. Energy Information Administration. Associated Press  

How Encana Can This Get Fixed   Jul 15, 2019
A reference to the current situation would have to be Cenovus Energy (CVE) The author has covered this company since the acquisition of the ConocoPhillips (COP) properties back in May 2017. Seeking Alpha  

China's Sinopec sets up fuel oil unit in Sri Lanka   Jul 15, 2019
BEIJING (Reuters) - China Petroleum and Chemical Corp, known as Sinopec Corp, said on Monday it has set up a fuel oil company in Sri Lanka as it looks to supply fuel to ships along a major maritime route. The new unit, called Fuel Oil Sri Lanka Co Ltd, has ... Reuters  

Oil prices edge lower as China's GDP growth slows   Jul 15, 2019
SINGAPORE (Reuters) - Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world’s largest crude ... Reuters  

China June crude oil throughput hits record on new plants   Jul 15, 2019
SINGAPORE/BEIJING (Reuters) - China’s crude oil throughput rose to a record level in June, up 7.7% from a year earlier, following the start-up of two large new refineries, official data showed ... Reuters  

Oil prices edge down ahead of expected weak China data   Jul 15, 2019
SINGAPORE (Reuters) - Oil prices edged down on Monday, dragged down by expectations that China, the world’s largest crude oil importer, will post its slowest pace of economic growth in at least ... Reuters  

Oil Holds Near $60 on Storm Disruption as Glut Concerns Linger   Jul 15, 2019
(Bloomberg) -- Oil traded near $60 a barrel after a storm shut almost three-quarters of U.S. Gulf of Mexico crude production, even as lingering supply concerns continue to dent the outlook. Futures eased in New York after rising 4.7% last week. While about ... Finance Yahoo  

Shell reports 'operational upset' at unit at Bukom site in Singapore   Jul 15, 2019
Bukom is Shell’s largest wholly-owned refinery globally in terms of crude distillation capacity, according to the company website. Typically, any unexpected outage at the refinery boosts margins for Asian oil products. Reuters  

Pioneer Natural Resources: The Reset Is Underway, But Requires Patience   Jul 15, 2019
This performance stands in stark contrast to other oil producers, such as Continental Resources (CLR), Devon Energy (DVN), and ConocoPhillips (COP), which delivered free cash flows in the same period. Seeking Alpha  

 Pioneer Natural Resources can go through cash flow difficulties if oil price plunge to $50 for an extended period of time, despite the fact that it operates at the low-cost Permian Basin.


Kim leads Marathon Classic; Thompson 1 shot back   Jul 15, 2019
Lewis won the last of her 12 LPGA Tour titles in 2017. She was born in nearby Toledo and has an endorsement deal with Marathon Oil. "As long as it stays windy and the golf course keeps playing hard, I think there is a good round out there," Lewis said. Houston Chronicle  

IEA: Huge Oil Glut Coming In 2020   Jul 14, 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. The oil market saw a rather significant ... OilPrice  

Chevron ordered to halt oil spill into California canyon   Jul 14, 2019
SAN FRANCISCO (AP) — California regulators say Chevron has not done enough to stop a massive oil spill that dumped about 800,000 gallons of crude oil and water into a Kern County canyon, and they want the company to take further action to halt the flow. Associated Press  

This Arms Deal Could Trigger A New ‘’Cold War’’   Jul 14, 2019
Apart from this, Turkey also has become a natural gas hub to Europe, due to its extended oil and gas pipeline infrastructure. Some signs show a tendency for conflict the coming months, or weeks. YAHOO!  

Ex-owner of Russia's largest independent oil refinery arrested in Moscow   Jul 14, 2019
MOSCOW (Reuters) - A former owner of the debt-laden Antipinsky refinery, Russia’s largest independent oil-processing plant, was arrested in Moscow, his company said in a statement on Sunday. New Stream group said its head, Dmitry Mazurov, was arrested by ... Reuters  

ExxonMobil or Chevron? An Easy Buy Decision   Jul 14, 2019
In an oil patch held hostage by constant, but always changing geopolitical and macroeconomic risks, the price charts in ExxonMobil (NYSE:XOM) and Chevron (NYSE:CVX) are quite clear. For bullish ... YAHOO!  

Williams Companies: Solidly Positioned For Natural Gas Production Growth   Jul 14, 2019
In various past articles, especially ones on Range Resources (RRC), I discussed how we could see a great deal of natural gas production growth come out of the Marcellus and Utica basins in the ... Seeking Alpha  

An Unexpected Boon For Alberta’s Oil Producers   Jul 14, 2019
Alberta light oil producers have been decimated over the last few years, and especially so in the last nine months following the “blow up” in the Canadian light oil differential in Q4/2018 to ... OilPrice  

Tropical Storm Barry puts oil refining in the Gulf Coast at risk   Jul 14, 2019
Chevron and Anadarko Petroleum have shut down oil platforms, stopping production, as a safety measure in anticipation of the storm. “Offshore in the Gulf, roughly half of oil output is shut in ... YAHOO!  

UPDATE 2-No impact from Broome earthquake on Australia oil, gas, port operations   Jul 14, 2019
MELBOURNE, July 15 (Reuters) - Oil and ... Dutch Shell confirmed that there was no impact to operations at the Prelude floating LNG facility as a result of the earthquake. The company had earlier ... Reuters  

Signs Of Slower Permian Oil Growth Continue To Emerge   Jul 14, 2019
While U.S. shale production is booming and the Permian continues to set new production records, the pace of growth is slowing as many companies have recently scaled back production growth targets ... OilPrice  

Dirty Energy Rides Natural Gas Surge Even as Carbon Limits Bite   Jul 14, 2019
European coal contracts are advancing after rival fuel natural gas rebounded from its lowest level in almost a decade. Should gas continue its sharp recovery, coal suppliers will anticipate extra demand for their cheaper, dirtier fuel, according to analysts. Bloomberg L.P.  

Dozens clash with police at gas price protest in Bangladesh capital   Jul 14, 2019
Last month the state-run Bangladesh Energy Regulatory Commission announced it would raise natural gas prices by 32.8% on average for all users from July 1, the first day of the country’s fiscal ... Reuters  

Barry Brings Life-Threatening Floods, Tornadoes to Louisiana   Jul 14, 2019
Barry, which was earlier a Category 1 hurricane, has cut energy production in the Gulf of Mexico, helped lift oil and natural gas prices, threatened crops from cotton to sugar and disrupted ship traffic on the Mississippi. While it had threatened to raise ... Finance Yahoo  

Retire Early With These 2 Dividend Juggernauts   Jul 14, 2019
Currently TC Energy supplies more than 25% of the natural gas consumed daily in North America. Last year the company generated $8.5 billion EBITDA through its $100 billion infrastructure portfolio. The company has a long list of secured capital projects ... Finance Yahoo  

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