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Morton Ranch keeps Classic basketball championship in Katy   Dec 03, 2018
The Morton Ranch Mavericks celebrate their first place finish in the Gold Bracket of the ConocoPhillips Katy ISD Classic on Saturday, Dec. 1, at the Leonard Merrell Center in Katy. The Morton Ranch Mavericks celebrate their first place finish in the Gold ... Houston Chronicle  

Oman: Qatar’s Withdrawal From OPEC May Lead To Retaliation   Dec 03, 2018
However, the motives probably run much deeper than prioritizing natural gas at the world’s top exporter of liquefied natural gas (LNG). OPEC’s de facto leader and largest producer Saudi Arabia ... OilPrice  

Shell links climate change goals to executive pay   Dec 03, 2018
... that its greenhouse-gas emissions rose last year as the energy sector rebounded with rising oil prices and Shell added new refineries. In a separate report, the company explained how it would reduce — but not eliminate — its oil production. Houston Chronicle  

Alberta's oil price gap 'directly related to Justin Trudeau's policies,' says Scheer   Dec 03, 2018
Conservative Leader Andrew Scheer said Monday that Prime Minister Justin Trudeau is "directly" responsible for cratering oil prices in Western Canada — pointing the finger at federal energy policies he blames for leaving pipeline capacities constrained ... CBC.ca  

SoCalGas Launches New "Dial It Down" Alert, Encouraging Customers to Conserve Natural Gas Use During Winter   Dec 03, 2018
New initiative calls on consumers to take steps to conserve natural gas during peak periods LOS ANGELES, Dec. 3, 2018 /PRNewswire/ -- To help lower the risk of possible natural gas and electricity ... Yahoo Finance  

Alberta crude production cuts to create winners and losers: analysts   Dec 03, 2018
In early trading Monday, Cenovus Energy Inc. rose as much as 13 per cent over its Friday close to $11.11, while Canadian Natural Resources Ltd. rose as much as 16 per cent to $38.74. Cenovus CEO Alex Pourbaix was the first oilsands CEO to call for the ... CTV News  

Schwarzenegger would time travel to terminate fossil fuels   Dec 03, 2018
"The biggest evil is fossil fuels: it's coal, it's gasoline, it's the natural gas," he told conference delegates. Schwarzenegger also insisted that the United States was "still in" an international accord to curb global warming despite U.S. President ... CTV News  

Canadian oil producers push back as Alberta orders output cuts   Dec 03, 2018
Several heavy crude producers, including Canadian Natural Resources Ltd and Cenovus, have voluntarily curtailed production in recent weeks. On Monday, Western Canada Select (WCS) heavy blend crude for January delivery in Hardisty, Alberta, traded at a ... Reuters  

China-U.S. Ceasefire Paves Way For New LNG Projects   Dec 03, 2018
both U.S. oil import to China and perhaps even more importantly from a development perspective liquefied natural gas (LNG) imports. While neither of these two energy products were mentioned by ... OilPrice  

ProShares UltraShort Bloomberg Natural Gas   Dec 03, 2018
The investment seeks results for a single day that match (before fees and expenses) two times the inverse of the daily performance of the Bloomberg Natural Gas SubindexSM. The fund seeks to meet ... CNN Money  

VelocityShares 3x Inverse Natural Gas ETN Linked to the S&P GSCI® Natural Gas Index ER   Dec 03, 2018
The investment seeks to replicate- net of expenses- three times the opposite (inverse) of this GSCI Natural Gas Index ER. The index comprises futures contracts on a single commodity and is ... CNN Money  

Invesco DB Oil Fund   Dec 03, 2018
The investment seeks to track the DBIQ Optimum Yield Crude Oil Index Excess Return-- (DBIQ-OY CL ER--)- which is intended to reflect the changes in market value of crude oil. The single index ... CNN Money  

Oil surges three percent on trade truce, expected supply cuts   Dec 03, 2018
NEW YORK (Reuters) - Oil prices jumped by more than 3 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada's Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply. Yahoo Singapore Finance  

Alberta orders oil producers to cut production in face of price crisis   Dec 03, 2018
Cenovus Energy (NYSE:CVE) CEO Alex Pourbaix, among the most vocal in calling for government mandated cuts, praises the move, saying "these are not ordinary circumstances" - CVE +5.4% pre-market. Seeking Alpha  

Cinco Ranch off to fast start in boys basketball   Dec 03, 2018
Derek Dickenscheidt (30) of Cinco Ranch drives the baseline during the second quarter of pool play between the Ciinco Ranch Cougars and the Dobie Longhorns in the ConocoPhillips Katy ISD Classic on Thursday November 29, 2018 at Taylor HS, Katy, TX. Houston Chronicle  

Oil price plunge doesn’t panic Wyoming service companies   Dec 03, 2018
CASPER, Wyo. (AP) — Josh Wilson’s uncle sometimes calls him to worry over the price of oil, but Wilson is not concerned. Ups and downs are the business of crude, and crude is the lifeblood for his business, Wilson Machine LLC — located in Douglas and ... Associated Press  

Exxon Mobil hikes Guyana reserve estimates 25% after new discovery   Dec 03, 2018
ExxonMobil senior vice president. Exxon Mobil said the Pluma-1 well was drilled to nearly 16,500 feet in ocean depths of 3,340 feet. The companies will next drill the Tilapia-1 prospect in the area. The first oil production of 120,000 barrels a day is ... Houston Chronicle  

Qatar quitting OPEC means the oil cartel is now just a 'two-member organization,' oil analyst says   Dec 03, 2018
The future of OPEC is on shaky ground, an analyst has told CNBC, after Qatar abruptly announced it would sever ties with the oil cartel. Qatar's Energy Minister Saad al-Kaabi said Monday that Doha ... Yahoo Finance  

Shell to set sector-leading emissions targets after investor pressure   Dec 03, 2018
Sacha Sadan, director of corporate governance at Shell investor Legal and General, said: “It is a very strong message from the world’s second-largest oil company. As investors, we will go to other companies about what they can do. Shell are showing ... Reuters  

Canadian crude prices rally after Alberta orders output cuts   Dec 03, 2018
Several heavy crude producers, including Canadian Natural Resources Ltd and Cenovus, have voluntarily curtailed production in recent weeks. Yahoo Finance  

Canadian Heavy Crude Surges After Alberta Imposes Cuts   Dec 03, 2018
Already, Canadian oil producers including Canadian Natural Resources Ltd. and Cenovus Energy Inc. announced that they had curtailed output. Those cuts added up to about 150,000 barrels a day, according to Explorers and Producers Association of Canada. Bloomberg L.P.  

Oil Jumps On Trump-Xi Trade Truce   Dec 03, 2018
Crude oil began trading today with a 5-percent gain following favorable reports from G20, where Presidents Trump and Xi agreed on a 90-day truce and Russia’s Vladimir Putin said Russia will ... OilPrice  

Province puts plan in place to curtail oil production and close price gap   Dec 03, 2018
Alberta Premier Rachel Notley announced on Sunday that the province will curb oil production by 325,000 barrels per day starting in January to deal with the oil price differential. Notley says ... Calgary CTV News  

Iran Warns Oil Will Slump to $40 If OPEC Fails to Cut Production   Dec 03, 2018
Oil prices will slump to $40 a barrel unless OPEC and its allies cut output significantly, and the group is unlikely to succeed in reviving the market, an Iranian official said. Production will need to be reduced by at least 1.4 million barrels a day to ... Bloomberg L.P.  

Canada's Imperial Oil CEO disagrees with Alberta decision to force output cuts   Dec 03, 2018
NEW YORK (Reuters) - Canada’s Imperial Oil Ltd’s (IMO.TO) Chief Executive said the company disagrees with the Alberta government’s decision to order mandatory production cuts, saying it introduces trade risks and sends a negative message to investors. Reuters  

MARKETS: A Saudi Prince-Putin high-five propels crude oil higher into a Trump-Xi demand [t]rap   Dec 03, 2018
Crude oil is heading for its greatest advance in over 5 months after a double whammy set of G20 meetings -- one between Crown Saudi Prince Mohammed bin Salman and Russian President Vladimir Putin ... Yahoo Finance  

Airlines Take a Dip as Oil Surges on Production Cut, Trade Truce   Dec 03, 2018
The turbulence in airline stocks is yet to ease as news of fresh production cuts and calming trade concerns sent oil prices surging on Monday. U.S. airline shares have traded closely with fluctuations in oil prices over the past few months, especially ... Bloomberg L.P.  

UPDATE 2-China imports first U.S. crude in two months, traders still wary   Dec 03, 2018
Sinopec, the parent company of Unipec, declined comment. The Chinese oil buyer added that U.S. Mars ... Unipec and Royal Dutch Shell Plc are seeking to book supertankers to load crude in the ... Reuters  

Qatar to leave OPEC and set own oil and gas output   Dec 03, 2018
The tiny, energy-rich Arab nation of Qatar announced on Monday it will withdraw from OPEC in January, meeting its aspirations to increase production outside of the cartel's constraints and slighting the Saudis who are currently boycotting Doha. The ... CBC.ca  

Canada's Unprecedented Oil Cut Plan Boosts Crude, Stocks   Dec 03, 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.  

Alberta Enforces 8.7% Oil Production Cut   Dec 03, 2018
And we really do need to take a long-term view and allow the market to operate as it should,” was the statement of peer Suncor. Premier Notley last week described the situation as “fiscal and ... Crude Oil Prices  

Oil surges as Russia, Saudi Arabia extend deal   Dec 03, 2018
Russia and Saudi Arabia are extending a deal to work together on managing the oil markets, and that’s sending crude prices higher. Yahoo Finance’s Alexis Christoforous and Jared Blikre discuss. Yahoo Finance  

TOTAL's JV to Increase Polypropylene Output in South Korea   Dec 03, 2018
which already has key players like Exxon Mobil Corp XOM and Royal Dutch Shell plc RDS.A. Price Movement Year to date, shares of the company have gained nearly 0.6% against its industry's decline ... Yahoo Finance  

AMLP: A Way To Play Infrastructure Growth In The Energy Space   Dec 03, 2018
Source: Energy Information Administration With companies like Range Resources (RRC) and Cabot Oil and Gas (COG) planning to increase their production in the region, it seems likely that this ... Seeking Alpha  

Qatar Quits OPEC   Dec 03, 2018
Qatar is the world’s largest exporter of liquefied natural gas, but it has Australia breathing down its neck as well as emerging competition from the United States and other, smaller, ... OilPrice  

Duke Energy's $1.5B Natural Gas Plant Comes Online in Florida   Dec 03, 2018
Duke Energy Corporation DUK recently announced that it has commenced the operation of its new state-of-the-art combined-cycle natural gas plant worth 1,640-megawatt (MW) capacity in Citrus County, FL. Yahoo Finance  

Marcellus Witnesses Removal of 2 Natural Gas Drilling Rigs   Dec 03, 2018
In its weekly release, Baker Hughes, a GE company BHGE reported a decline in the U.S. rig count. More on the Rig Count Baker Hughes’ data, issued at the end of every week since 1944, helps ... Yahoo Finance  

Monday Morning Briefing   Dec 03, 2018
taking a swipe at the group’s de facto leader Saudi Arabia and marring efforts to show unity before this week’s meeting of exporters to tackle an oil price slide. Royal Dutch Shell caved in to growing investor pressure over climate change with plans to ... Reuters  

Should You Worry About Noble Energy Inc’s (NYSE:NBL) CEO Pay Cheque?   Dec 03, 2018
David Stover became the CEO of Noble Energy Inc (NYSE:NBL) in 2014. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big companies. Yahoo Finance  

Kiewit Takes Part in $64 Billion in Projects, Led by U.S. Oil Drilling, Natural Gas Plants, an Industrial Info News Alert   Dec 03, 2018
Other companies featured: Chevron Corporation, Royal Dutch Shell plc, Exxon Mobil Corporation, Saudi Basic Industries Corporation, Wood plc, Chiyoda Corporation, AES Corporation and Edison ... Yahoo Finance  

UPDATE 1-Shell sets carbon cutting targets after investor pressure   Dec 03, 2018
But following discussions with investors, the Anglo-Dutch oil and gas giant said that from 2020 ... Scope 3 emissions for Shell and its peers far exceed those from the company’s operations, dubbed Scope 1 and 2. “We are taking important steps towards ... Reuters  

Canada's Unprecedented Oil Cut Plan Boosts Crude Prices, Stocks   Dec 03, 2018
Alberta Premier Rachel Notley is following the advice of producers like Cenovus Energy Inc. and Canadian Natural Resources Ltd., which have been hammered by record low prices for heavy Canadian ... Yahoo Finance  

Opposed to oil production cut, Suncor says let market decide   Dec 03, 2018
CALGARY -- Suncor Energy Inc. says it's assessing the impact of the Alberta government's move to curtail oil production next year. The company says the specific impact of the production cut will be provided when it issues its 2019 capital and production ... CTV News  

RPT-EXPLAINER-Why is Canada's Alberta forcing oil production cuts?   Dec 03, 2018
The most effective short-term solution is production cuts, but they are not universally popular with producers. Canadian Natural Resources Ltd and Cenovus Energy Inc have voluntarily curtailed production in recent weeks. But other majors like Suncor Energy ... Reuters  

Alta. opposition leader Jason Kenney wants Sask. to cut oil production   Dec 03, 2018
Jason Kenney would like to see Saskatchewan oil producers follow its lead and slow down oil production. On Sunday, Alberta Premier Rachel Notley announced the province would implement a temporary 8.7 per cent production cut starting next month. The move is ... CBC.ca  

Janrain and Shell to Co-Present at Gartner Identity & Access Management Summit   Dec 03, 2018
Oil & Gas Titan to Share How it Built Global Identity Management ... today announced it will co-present with international energy and gas company Shell at the Gartner Identity & Access Management (IAM) Summit being held December 3-5 in Las Vegas. The Business Journals  

Qatar to leave OPEC and focus on gas as it takes swipe at Riyadh   Dec 03, 2018
Doha, one of OPEC's smallest oil producers but the world's biggest liquefied natural gas (LNG) exporter, is embroiled in a protracted diplomatic row with Saudi Arabia and some other Arab states. Qatar said its surprise decision was not driven by politics ... Finance Yahoo  

Oil Prices Set To Book Worst Month In A Decade   Dec 03, 2018
Oil prices dropped early on Friday, on course to finish their worst month since 2008, as fears of oversupply and slowing demand growth dragged oil down into a bear market in November with prices ... OilPrice  

Suncor assessing impact of Alberta's move to cut oil production next year   Dec 03, 2018
The anticipated regulations will require oil producers to reduce their production effective Jan. 1, 2019. Cenovus Energy Inc. proposed the idea of a production cut last month, however several large players in the oilpatch have been opposed to involuntary cuts. Finance Yahoo  

Rowan Relentless has First Two Options Exercised by ExxonMobil   Dec 03, 2018
HOUSTON, Dec. 3, 2018 /PRNewswire/ -- Rowan Companies plc ("Rowan" or the "Company") (RDC) announced today that ExxonMobil has exercised the first two options for the Rowan Relentless, an R-Class ... Yahoo Finance  

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