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Royal Dutch Shell: A Safe 6% Yield   Jul 20, 2019
Still, prices remain above the $50 barrel oil environment, and Royal Dutch Shell is best positioned to weather any upcoming storm. The company's deleveraging has been second to none, and the ... Seeking Alpha  

Iran says it has captured a British-flagged oil tanker   Jul 20, 2019
There is no place in the world more important for the global supply of oil than the Strait of Hormuz. The channel, which is only 21 miles (33.7 kilometers) wide at its narrowest point, is the only way to move oil from the Persian Gulf to the world's oceans. CNN  

Work on old oil well may have caused California spill   Jul 20, 2019
BAKERSFIELD, Calif. -- Chevron says an 800,000-gallon oil spill in Central California may have started when crews tried to recap an abandoned well. KQED-TV says the company held a briefing Friday about the seepage that began in May in a Kern County oil ... CTV News  

Range Announces Asset Sales That Will Total $634 Million   Jul 20, 2019
FORT WORTH, Texas, July 19, 2019 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (RRC) today announced that it has agreed to sell a 2% proportionately reduced overriding royalty interest in ... YAHOO! News  

Natural Gas Price Prediction – Prices Fall on Higher Production Forecast   Jul 20, 2019
Natural gas prices continued to trade lower on Friday dropping 1.5%. This comes despite much warmer than expected temperatures in the north east that could push local prices much higher. YAHOO! News  

Natural Gas Weekly Price Forecast – Natural gas markets break down for the week   Jul 20, 2019
Natural gas markets have broken down during the week, slicing through the $2.30 level in punching the $2.25 level during the Friday session. The fact that we are closing so low on the range tells ... YAHOO! News  

Bankers Petroleum says Albanian output up 18 pct in H1 2019   Jul 20, 2019
The company, which operates Patos Marinza, the largest onshore oil field in continental Europe according to ... Investments by Bankers and exploration by Royal Dutch Shell Unit Shell Upstream Albania B.V. — whose tests indicate a flow potential of ... Reuters  

Houston Business Journal Names PinnacleART to 2019 List of Largest Port Houston & Ship Channel-area Employers   Jul 20, 2019
Other companies included on this year’s list were ExxonMobil Baytown Refinery, NASA Johnson Space Center, and Marathon Galveston Bay Refinery. “Being named as one of the largest employers in ... YAHOO! News  

Middle East and Africa $3.9Bn Compressor Markets, 2023 - Opportunities in Exploration for Natural Gas & Growing Food and Beverage Industry   Jul 20, 2019
DUBLIN, July 19, 2019 /PRNewswire/ -- The "Middle East and Africa (MEA) Compressor Market (2013-2023)" report has been added to's offering. The Middle East and Africa (MEA ... YAHOO! News  

Natural Gas Price Prediction – Prices Slip as Inventories Rise Above Last Years Levels   Jul 20, 2019
Natural gas prices moved lower on Thursday following the Energy Information Administration report on natural gas inventories. Stockpiles came out in line with expectations, allowing prices to ... YAHOO! News  

This Is the Reason I Won’t Buy Exxon Mobil Stock   Jul 19, 2019
According to the article – “The constraints are manifold: pipeline limits, reduced flow from wells drilled too close together, low natural gas prices and high land costs. But the most ... YAHOO! News  

Natural Gas Price Forecast – Natural gas markets break down on Friday   Jul 19, 2019
Natural gas markets initially tried to rally during the trading session on Friday but found enough resistance at the $2.30 level to rollover and break down towards the $2.25 level. By doing so ... YAHOO! News  

Clean Energy Acquisitions Pick Up   Jul 19, 2019
But the Tripoli-based NOC has a new trick up its sleeve: It’s going boost what’s available for export by converting a large power station to natural gas, freeing up 15,000 bpd for export. OilPrice  

Cracks In Gasoline Demand Weigh On Oil Markets   Jul 19, 2019
In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data ... OilPrice  

Long Speculator Exodus Sinks Crude Oil   Jul 19, 2019
U.S. West Texas Intermediate crude oil futures are inching higher on Friday, but a steep sell-off earlier in the week has solidified a weekly lower close. In case you haven’t noticed, there was ... OilPrice  

Oil Market Caps Gains And Losses   Jul 19, 2019
The fear factor over possible supply disruptions stemming from escalating tensions in the Middle East put upward pressure on prices this week as word surfaced that Iran had seized an ‘oil tanker ... OilPrice  

British-operated oil tanker seized by Iranian forces   Jul 19, 2019
Tehran had pledged retaliation after Great Britain seized one of its ships last month. It’s the latest in the already-volatile Persian Gulf, where the U.S. downed an Iranian drone on Thursday.July 19, 2019 NBC News  

Hedge Funds Set Up for Mideast Standoff as Bullish Oil Bets Grow   Jul 19, 2019
Escalating tension in the Persian Gulf is beginning to justify renewed optimism that oil will rebound. Money managers boosted their bets on rising crude prices by the most in four months as of July 16, according to data released Friday. That left them ... Bloomberg  

Britain says Iran seizes two oil tankers in Gulf, Iran says captured one   Jul 19, 2019
LONDON/DUBAI (Reuters) - Britain said Iran seized two oil tankers in the Gulf on Friday and told Tehran to return the vessels or face consequences in the latest confrontation to ratchet up tension ... Reuters  

Brazil's Petrobras confirms Trident's winning $1 bln bid for oil fields   Jul 19, 2019
SAO PAULO, July 19 (Reuters) - Brazil’s state-controlled oil company Petróleo Brasileiro SA confirmed on Friday that Trident Energy presented the highest bid to acquire the Pampo and Enchova ... Reuters  

Eni, PetroChina, Trading Houses Bid In $6Bn Pakistan LNG Tender   Jul 19, 2019
Italy’s Eni, a unit of PetroChina, and two commodity traders have bid in Pakistan’s huge tender for supply of liquefied natural gas (LNG) for ten years estimated to be worth up to US$6 billion ... OilPrice  

Oil tanker Mesdar changes direction again, heads back into Gulf - Refinitiv   Jul 19, 2019
LONDON (Reuters) - The British-operated oil tanker Mesdar, which had turned in the direction of Iran, changed course again on Friday to head back into the Gulf, Refinitiv tracking data showed. Reuters  

MUN prof skeptical of oil company info in wake of spill   Jul 19, 2019
A Memorial University professor of biology and ocean science compared oil spills in the offshore industry to playing "Russian roulette" with wildlife. Bill Montevecchi told CBC's St. John's Morning Show he's skeptical of information that comes from oil ...  

North American markets end week lower on waning hopes for aggressive rate cuts   Jul 19, 2019
The September crude contract was up 34 cents at US$55.76 per barrel and the August natural gas contract was down 3.6 cents at US$2.25 per mmBTU. The August gold contract was down US$1.40 at US$1,426.70 an ounce and the September copper contract was up 4.25 ... YAHOO! News  

Stocks Lose on Day, Week   Jul 19, 2019
Energy did its best to counteract the negative trend, as Baytex Energy leaped 10 cents, or 5.6%, to $1.88, while Encana Corp. popped 23 cents, or 4%, to $5.93. Materials also shone, with Endeavour Mining climbing 47 cents, or 1.9%, to $25.25, while First ... YAHOO! News  

US stocks end lower after Iran tanker seizure   Jul 19, 2019
But oil-linked shares bounced along with oil prices, with Apache winning 3.1 percent and Marathon Oil 2.1 percent. Boeing had a big day, surging 4.5 percent despite announcing some $6.6 billion in new costs tied to the grounding of the 737 MAX planes. YAHOO! News  

Things Are Just Too Stable For Oil Producers; This Industry Needs Massive Consolidation   Jul 19, 2019
Technically that data is now supplied by the entity known as "Baker Hughes a GE Company" and today it seems that ... BP or Royal Dutch Shell, however, the diminished chance of an oil price spike diminishes the attractiveness of its stock. Forbes  

TOTAL (TOT) to Report Q2 Earnings: What's in the Offing?   Jul 19, 2019
It has an Earnings ESP of +5.29% and carries a Zacks Rank #2. Cenovus Energy Inc. CVE is expected to release second-quarter 2019 numbers on Jul 25. It has an Earnings ESP of +13.91% and carries a ... YAHOO! News  

Exxon to sell Norwegian oil and gas fields - Bloomberg   Jul 19, 2019
Exxon Mobil (XOM +0.4%) has launched the process of selling Norwegian assets, including all of its 20 oil and gas fields, a pipeline and a natural gas liquids processing facility, in a sale that ... Seeking Alpha  

Iran's Revolutionary Guard says it captured British oil tanker   Jul 19, 2019
Iran's Revolutionary Guard said it seized a British oil tanker that was passing through the Strait of Hormuz on Friday.  

Iran Takes Revenge: Seizes British Oil Tanker   Jul 19, 2019
The Iranian National Guard Corps is claiming that is has seized a British oil tanker for violating International maritime law, according to a developing report carried by PressTV. The vessel ... OilPrice  

Trudeau: Ottawa Open To Proposals For British Columbia Refinery   Jul 19, 2019
Hearings in the B.C. inquiry into gas prices began this week, and Parkland Fuel, Shell, Imperial Oil, Husky, and Suncor will speak under oath to a three-member panel. The panel will be asking the ... Crude Oil Prices  

Carl Icahn declares war over huge oil takeover   Jul 19, 2019
New York (CNN Business)Carl Icahn believes Occidental Petroleum badly overpaid for oil driller Anadarko Petroleum. Now, he wants four Occidental directors to pay for that controversial deal — with their jobs. The famed activist investor officially ... CNN  

SM Energy's Q2 Production Rises, Capital Spending Falls   Jul 19, 2019
SM Energy Company SM recently announced second-quarter 2019 total production of 136.5 thousand barrels of oil equivalent per day (MBoe/d), higher than the year-ago period’s 115.2 MBoe/d, backed ... YAHOO! News  

Natural Gas Price Fundamental Daily Forecast – Strengthens Over $2.296, Weakens Under $2.253   Jul 19, 2019
Natural gas futures are trading steady-to-better after yesterday’s steep sell-off as traders continue to try to establish support inside a key technical retracement zone. The tone this week has ... YAHOO! News  

Oil Heads for Biggest Loss in 7 Weeks as Demand Worries Bite   Jul 19, 2019 – From the prospect of a U.S.-Iran peace that could let the Islamic Republic flood the market again with its oil to threats of new tariffs on China, worries about crude demand left ... YAHOO! News  

Oil Heads for Worst Week Since May as U.S.-Iran Tensions Simmer   Jul 19, 2019
(Bloomberg) -- Oil erased an early gain Friday as Tehran denied President Trump’s claim that the U.S. downed an Iranian drone near the Strait of Hormuz, which had helped oil snap back from four ... YAHOO! News  

U.S. Oil Rig Count Falls Amid Production Dip   Jul 19, 2019
The US oil and gas rig count fell by 4 this week, according to Baker Hughes, after a string of losses that have stripped away 36 rigs since the beginning of May. The total number of active oil ... OilPrice  

U.S. oil drillers cut rigs for third week in a row: Baker Hughes   Jul 19, 2019
(Reuters) - U.S. energy firms this week reduced the number of oil rigs operating for a third week in a row as drillers follow through on plans to cut spending with oil prices declining amid a global supply glut. Drillers cut five oil rigs in the week to ... Reuters  

Air and sea surveillance continues at Hibernia offshore oil spill   Jul 19, 2019
Five vessels, three wildlife observers and an airplane were all called into duty Friday to help mitigate and monitor the aftermath of an oil spill at the Hibernia offshore oil platform, about 315 kilometres southeast of St. John's. Two of the ships were ...  

Stable Dividend, Minimal Growth Makes Exxon Mobil Stock a Hold   Jul 19, 2019
Analysts project the oil firm’s natural gas and chemical businesses to lower operating earnings. A decline in natural gas prices offsets an estimated $400 million to $600 million boost to Exxon ... YAHOO! News  

Oil Price Fundamental Daily Forecast – Underpinned by US-Iran Tensions, Capped by Demand Worries   Jul 19, 2019
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher shortly before the regular session opening amid renewed tensions between the United States and Iran. YAHOO! News  

Linde Plc: Don't Wait For A Pullback   Jul 19, 2019
I believe that LIN is currently in expansion mode and a recent agreement with ExxonMobil for a 1,200 tpd (read: metric tonnes per day) gasification plant in Singapore, is an example of LIN's ... Seeking Alpha  

California city drops words like 'manhole' and 'manpower' in push to be inclusive   Jul 19, 2019
Berkeley was among the first cities to adopt curbside recycling in the 1970s, and more recently became the first in the U.S. to tax sugary drinks and ban natural gas in new homes. Berkeley also was the birthplace of the nation's free-speech movement in ...  

Oil steadies as Middle East tensions counter demand worries, set for weekly fall   Jul 19, 2019
NEW YORK (Reuters) - Oil prices steadied on Friday after steep losses in the previous session, supported by rising tensions between the United States and Iran, but weighed by concerns slowing ... Reuters  

Occidental Petroleum: The Deal Is Upon Us   Jul 19, 2019
The August 8th shareholder vote on the acquisition of Anadarko Petroleum (APC) promises to recount, and while market expectations point towards an approval, nothing is a given when dealing with a ... Seeking Alpha  

IEA: Don’t Expect Oil Prices To Go Much Higher   Jul 19, 2019
Tsvetana is a writer for with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Slowing oil demand growth and a persistent global glut will cap oil ... OilPrice  

Carl Icahn Steps Up Occidental Board Battle After Appeals to CEO Fail   Jul 19, 2019
Icahn and Occidental Chief Executive Officer Vicki Hollub spoke three times in the last six weeks both by phone and in person to discuss his ideas about corporate governance reforms after the company’s $38 billion deal to buy Anadarko Petroleum Corp ... Bloomberg  

Vietnam says Chinese oil survey vessels violated its sovereignty   Jul 19, 2019
HANOI (Reuters) - Vietnam said on Friday a Chinese oil survey vessel and its escorts had conducted activities in Vietnam’s exclusive economic zone and continental shelf that violated its ... Reuters  

Range Resources sells $634M in Appalachia assets to cut debt   Jul 19, 2019
Range Resources (NYSE:RRC) agrees to sell a 2% proportionately reduced overriding royalty interest in 350K net surface acres in southwest Appalachia for $600M; the properties produced 1.9B net cfe ... Seeking Alpha  

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