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After These Big Oil Firms Lost on Environmental Proposals, Others Took a Cue to Get Greener   Dec 04, 2018
Two such proposals that were opposed by boards of directors but ultimately passed were for Pioneer Natural Resources and Occidental Petroleum. In Pioneer’s case, a shareholder proposal at the ... Yahoo Finance  

Oil prices perk up on trade truce, possible OPEC decision   Dec 04, 2018
A rally in oil prices after a two-month slide indicates traders are betting that OPEC and its allies including Russia will agree to produce less crude. Representatives of oil-producing nations will hold a highly anticipated meeting Thursday in Vienna, with ... CTV News  

Why cutting oil production seems so utterly un-Albertan   Dec 04, 2018
Even following Notley's decision, the trend continued. "I really am a free market person," said Alex Pourbaix, the chief executive of Cenovus Energy, in an interview on Monday with CBC News. "But I only came to the conclusion that government intervention ...  

U.S. will not stop Iran exporting oil, Iranian president says   Dec 04, 2018
GENEVA (Reuters) - The United States will not be able to stop Iran exporting its oil and any move to prevent Iranian crude shipments passing through the Gulf would lead to all oil exports through ... Reuters  

Russia’s Oil Production Dips As Possible Production Cuts Near   Dec 04, 2018
Russia’s oil output dipped in November, preliminary data from Russia’s federal state budgetary organization CDU TEK over the weekend, days before the OPEC summit scheduled for December 6 that ... OilPrice  

Cenovus CEO expects 2019 capital spending of C$1.5 bln   Dec 04, 2018
VANCOUVER, Dec 3 (Reuters) - The chief executive of Cenovus Energy Inc said on Monday that he expects the company to invest some C$1.5 billion ($1.1 billion) in 2019, in line with 2018 capital spending, after the Alberta government’s mandated oil output ... Reuters  

REFILE-Husky Energy says Alberta output cuts will have possibly 'negative consequences'   Dec 04, 2018
NEW YORK, Dec 3 (Reuters) - Canadian oil and gas producer Husky Energy Inc said on Monday Alberta’s mandatory production cuts will possibly have “serious negative investment, economic and trade consequences.” “The devil will be in the details, and ... Reuters  

UPDATE 1-UK Stocks-Factors to watch on Dec 4   Dec 04, 2018
GO-AHEAD: Britain said it had capped the amount of profit UK transport company Go-Ahead and its French partner will ... funded by the issue of new shares worth 74 million pounds ($94 million). * OIL: Oil prices rose on Tuesday, extending strong gains ... Reuters  

Oil prices climb on expected OPEC-led production cuts   Dec 04, 2018
SINGAPORE (Reuters) - Oil prices rose on Tuesday, extending bigger gains from the previous day amid expected OPEC-led supply cuts and a mandated reduction in Canadian output. U.S. West Texas Intermediate (WTI) crude futures were at $53.33 per barrel at ... Finance Yahoo  

Canada’s OPEC-Style Cut Stirs ‘Slippery Slope’ Meddling Concerns   Dec 04, 2018
The removal of millions of barrels of crude from the market will help shareholders of smaller producers who are exempt from the cuts, like Bonterra Energy Corp., as well as larger producers such as Cenovus Energy Inc. and Canadian Natural Resources Ltd ... Finance Yahoo  

Australia central bank holds rates, still optimistic on economy   Dec 04, 2018
Separate figures showed net exports likely added around 0.4 percentage points to GDP growth last quarter, largely led by liquefied natural gas and tourism. That helped shrink Australia’s current ... Reuters  

Russia and Saudi Differ on How to Share Oil Cuts   Dec 04, 2018
(Bloomberg) -- Russia and Saudi Arabia are yet to agree on the details of any new agreement to curb oil production even after President Vladimir Putin endorsed continued cooperation between the ... Yahoo Finance  

Oil Gains as Saudi-Russia Pact and Canada Cuts Ease Supply Fears   Dec 04, 2018
(Bloomberg) -- Oil headed for its biggest two-day advance since June as concerns over a supply glut eased on hopes that OPEC and its allies will strike a deal to stabilize the market. Futures in ... Yahoo Finance  

Iraq’s Oil Exports Drop To Seven-Month Low In November   Dec 04, 2018
Due to bad weather at its southern ports, Iraq’s crude oil exports dropped to their lowest level in seven months in November, despite the fact that after a year-long hiatus, the federal ... OilPrice  

Province plans for oil production cap   Dec 04, 2018
Alberta had no choice but to cap oil production, says Premier Rachel Notley. On Sunday, Notley announced oil production in Alberta would decrease by 325,000 barrels per day, starting January. CTV Edmonton News  

Albertan's and the oilpatch reacts to Notley's oil production cuts   Dec 04, 2018
The cuts are an attempt to stem the flow of red ink from the province's bottom line caused by historically low prices. The problem is caused by too much oil and not enough ways to get it to market. As our Erin Collins explains, it is a problem that has ...  

As Alberta cuts oil production, Notley has list of demands for Trudeau   Dec 04, 2018
Alberta Premier Rachel Notley says that cutting provincial oil production will help to temporarily address the province’s economic crisis, but she also needs Prime Minister Justin Trudeau’s government to “step up.” Notley made the comments Monday ... CTV News  

PRESS DIGEST - British Business - Dec 4   Dec 04, 2018
The Telegraph Royal Dutch Shell Plc will bow to the mounting climate ... making it the first major oil company to embed climate change targets in its executive pay policy, subject to a shareholder ... Reuters  

6 things to know about Canada's oil-price gap, from gluts to the differential   Dec 04, 2018
The Alberta government has ordered a mandatory cut to crude oil production next year to deal with historically low prices being paid for Canadian oil. Each type of oil around the world has its own price. New-York-traded West Texas Intermediate (WTI ...  

Alberta To Fight “Air Barrels” As Prices Continue To Plunge   Dec 04, 2018
Producers, however, are divided on this. While Cenovus is all for government-initiated cuts in production, Suncor, an equally large producer, is against it. “We’re probably producing about ... Yahoo Finance  

Some Canadian producers push back as Alberta orders oil cuts   Dec 04, 2018
However, major producers like Cenovus Energy Inc and Canadian Natural Resources Ltd were vocal with their support. “At $35 or $45 differentials - the lion’s share of companies in this industry ... Reuters  

Shell links climate change goals to executive pay   Dec 04, 2018
conceded that its greenhouse-gas emissions rose last year as the energy sector rebounded with rising oil prices and Shell added refineries. In a separate report, the company explained how it would reduce — but not eliminate — its oil production. Houston Chronicle  

Shell agrees to set short-term caps on carbon emissions   Dec 04, 2018
"This ambition positions the company well for the future." Van Beurden has long said Shell, which has its headquarters in the Netherlands, was planning for the day when demand for oil starts fades ... Yahoo Finance  

Qatar's OPEC Exit Shows Growing Sway of Moscow-Riyadh Oil Axis   Dec 04, 2018
(Bloomberg) -- When Qatar shocked the oil world on Monday by announcing plans to quit the OPEC cartel after 57 years, its energy minister said the decision was taken for "technical" reasons. That story didn’t last long. A few hours later, a leading ... Finance Yahoo  

UPDATE 4-Some Canadian producers push back as Alberta orders oil cuts   Dec 04, 2018
While producers said they would comply with the mandatory cuts, executives from Canada’s Suncor Energy Inc, Husky Energy Inc and Imperial Oil, integrated producers with domestic refinery and ... Reuters  

Is This The Beginning Of The Next Bull Run In Oil?   Dec 04, 2018
It will be a busy few days for the oil market, and the week started off with a bang. Oil prices shot up on Monday on news that the U.S. and China has delayed the trade war, as well as on ... OilPrice  

Qatar’s Irrational Decision To Leave OPEC   Dec 04, 2018
Saad Al Kaabi, Qatar’s minister of energy, stated to the press that Doha will be leaving OPEC in order to concentrate its investment and political efforts on natural gas. Qatar's decision to ... OilPrice  

MERGER ALERT – REN, ATHN, and ITG: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies   Dec 04, 2018
Resolute Energy Corporation (REN) Merger Announcement: November 19, 2018 Transaction Details: Resolute will be purchased by Cimarex Energy Co. (XEC). Under the terms of the transaction ... Yahoo Finance  

Canada's Unprecedented Oil Cut Plan Boosts Crude, Stocks   Dec 04, 2018
Calgary-based Cenovus climbed as much as 13 percent in Toronto and Canadian Natural Resources gained 16 percent, while Devon Energy Corp., a U.S. oil company with a presence in Alberta, rose as much as 8 percent in New York. Among refiners, HollyFrontier ... Bloomberg L.P.  

NTSB: Fiber optic drilling led to 2016 explosion, killing 1   Dec 03, 2018
The National Transportation Safety Board issued a draft report saying the drilling by Sure Shot Communications LLC pierced a 1-inch natural gas line, causing the Nov. 16, 2016, explosion in Canton, 150 miles (240 kilometers) southwest of Chicago. Associated Press  

Cenovus Energy CEO now sees 2019 capex holding steady at ~C$1.5B   Dec 03, 2018
Cenovus Energy (NYSE:CVE) CEO Alex Pourbaix says he expects the company to invest ~C$1.5B (US$1.1B) in 2019, in line with 2018 capital spending, after the Alberta government’s mandated oil ... Seeking Alpha  

3 Reasons Why Oil Is Soaring Today — And What's Next For The Commodity   Dec 03, 2018
Oil was moving 4 percent higher Monday after three weekend developments: Russia and Saudi Arabia agreed to extend oil output cuts. Alberta Premier Rachel Notley shocked the oil market with a ... Yahoo Finance  

Oil Jumps Most Since June on Saudi-Russian Pact, Trade War Truce   Dec 03, 2018
(Bloomberg) -- Oil surged the most in more than five months as Saudi Arabia and Russia extended a cooperation pact and U.S.-China trade tensions cooled. Unprecedented supply cuts in Canada also ... Yahoo Finance  

Targa Resources Corp. to Participate in Wells Fargo Annual Midstream and Utility Symposium   Dec 03, 2018
The Company is primarily engaged in the business of: gathering, compressing, treating, processing, and selling natural gas; storing, fractionating, treating, transporting, and selling NGLs and NGL ... Yahoo Finance  

A ‘Greener’ Shell Means Richer Executives? That’s the Oil Giant’s Radical New Plan   Dec 03, 2018
A year ago, Royal Dutch Shell said it was going to halve the carbon intensity of its operations and products by the middle of the century. That followed investor pressure, and now the energy giant ... Yahoo Finance  

EnLink Midstream to Present December 5 at Wells Fargo Securities 17th Annual Midstream and Utility Symposium   Dec 03, 2018
About the EnLink Midstream Companies EnLink provides integrated midstream services across natural gas, crude oil, condensate, and NGL commodities. EnLink operates in several top U.S. basins and is ... Yahoo Finance  

UPDATE 1-Vessel arrives at Cheniere Texas Corpus Christi LNG export plant   Dec 03, 2018
Dec 3 (Reuters) - A liquefied natural gas (LNG) vessel, the Maria Energy, arrived at Cheniere Energy Inc’s $15 billion Corpus Christi LNG export facility in Texas on Saturday, according to Reuters vessel tracking data. This is the second vessel to visit ... Reuters  

Alberta Intervenes To Halt Canada’s Oil Crisis   Dec 03, 2018
Oil prices rose on Monday, buoyed by coordinated production cuts – cuts that did not come from Vienna (although that too could occur later this week). Instead, the mandatory reductions were ... OilPrice  

U.S. LNG developers see possible opening from U.S.-China trade truce   Dec 03, 2018
NEW YORK (Reuters) - Companies proposing new U.S. liquefied natural gas export terminals expressed optimism on Monday the agreement between the United States and China temporarily halting the imposition of higher tariffs could help advance their projects. Reuters  

10 Best Energy Stocks to Buy for a 2019 Gusher   Dec 03, 2018
Several big-name projects have come online to produce both crude oil and natural gas. Its Wheatstone and Gorgon liquefied natural gas (LNG) facilities are finally up and running, while several new ... Yahoo Finance  

U.S. event, market closures for funeral of former President Bush   Dec 03, 2018
The U.S. Energy Information Administration has postponed the release of its weekly petroleum status report to Thursday at 11 a.m. EST and rescheduled its weekly natural gas storage report for Friday at 10:30 a.m. EST. The U.S. Securities and Exchange ... Reuters  

Alberta orders 8.7 per cent oil production cut to help deal with low prices   Dec 03, 2018
EDMONTON — Premier Rachel Notley is ordering a mandatory cut to oil production to deal with a price crisis she says threatens to gut Alberta's bedrock industry. Notley announced the province will impose across-the-board cuts amounting to 8.7 per cent of ... Finance Yahoo  

MEG Energy: Trust In Management Is Key   Dec 03, 2018
Production and adjusted funds flow increased during Q3. MEG Energy will have no issue operating at depressed Canadian oil prices in the short term. For the company, Notley's decision to cut oil ... Seeking Alpha  

U.S. crude finishes +4% on trade truce, anticipated supply cuts   Dec 03, 2018
Oil prices soared today after the U.S. and China agreed to a 90-day truce in their trade dispute, Canada’s Alberta province ordered a production cut to ease a glut, and OPEC looks set to reduce ... Seeking Alpha  

Hydro seeks 3.5% electricity rate increase next year instead of nearly 8%   Dec 03, 2018
Hydro goes to court over special rate class for First Nations residents National Energy Board OK's Manitoba-Minnesota Transmission Project On natural gas, Manitoba Hydro will ask for no rate increase for the next two years. There will, however ...  

REFILE-Husky Energy says Alberta output cuts will have possibly 'negative consequences'   Dec 03, 2018
NEW YORK, Dec 3 (Reuters) - Canadian oil and gas producer Husky Energy Inc said on Monday Alberta’s mandatory production cuts will possibly have “serious negative investment, economic and ... Reuters  

Investor pressure drives Royal Dutch Shell to take action on climate change   Dec 03, 2018
Several prominent Canadian firms are on the hit list, including Canadian Natural Resources Ltd., Imperial Oil and Teck Resources Ltd. As of this past summer, the investors had already succeeded in getting 22 per cent of their 161 initial selections to ...  

Royal Dutch Shell to set more climate targets, plans to link them to executive compensation   Dec 03, 2018
The Netherlands-based Royal Dutch Shell PLC (NYSE: RDS-A, RDS-B), the parent company of Houston-based Shell Oil Co., is taking more steps to reduce its net carbon footprint to help address climate change. The energy giant announced in November 2017 it aims ... The Business Journals  

Natural Resources Minister reacts to oil production cuts   Dec 03, 2018
Minister of Natural Resources Amarjeet Sohi says the government shares the same concerns over price differential, following Alberta’s Premier Rachel Notley's move to curtail the amount of oil being produced in the province.  

Alief Taylor, Elsik reach silver bracket at Katy Classic basketball tournament   Dec 03, 2018
Jeremy Coleman (14) of Elsik makes a baseline drive during the first quarter of pool play between the Taylor Mustangs and the Elsik Rams in the ConocoPhillips Katy ISD Classic on Thursday, Nov. 28, at Taylor High School in Katy. Jeremy Coleman (14 ... Houston Chronicle  

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