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Petrobras should focus on oil exploration and production: incoming CEO   Nov 19, 2018
RIO DE JANEIRO (Reuters) - The incoming chief executive of Brazilian state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) said in a newspaper interview on Monday that BR Distribuidora (BRDT3.SA), its fuel distribution unit, is not a natural fit ... Reuters  

PG&E Falls After Reporting Second Power-Line Failure in Fire   Nov 19, 2018
The utility also owns a natural gas distribution company valued at $22 to $26 a share while its regulated generation fleet has potential value of $10 to $12 a share, Morgan Stanley said. Yahoo Finance  

Oil Slips As Russia Mulls Production Cuts   Nov 19, 2018
Russia’s energy ministry is discussing potential oil production cuts with local producers and will continue talks to come up with a position by the OPEC/non-OPEC meeting in early December ... OilPrice  

Dynagas LNG Partners: Update From Third Quarter Results   Nov 19, 2018
This client is a joint venture between Russian Company Novatek which holds 50.1%, with 20% each held by French oil company Total ... Royal Dutch Shell (RDS.A) (RDS.B) is set to be the first ... Seeking Alpha  

Oil slips on global supply fears even as OPEC mulls cut   Nov 19, 2018
NEW YORK (Reuters) - Oil futures fell about 1 percent on Monday amid global oversupply worries, but losses were muted as investors eyed potential sanctions on Iran from the European Union, a possible production cut from OPEC and slightly bullish storage ... Reuters  

U.S. sanctions South African for helping North Korea acquire oil   Nov 19, 2018
WASHINGTON (Reuters) - The United States on Monday sanctioned a South African man for helping North Korea acquire oil, Treasury’s Office of Foreign Assets Control said. In a statement, the office said it had sanctioned Russia-born Vladlen Amtchentsev for ... Reuters  

Cimarex buying Resolute for nearly $1B as Permian consolidates   Nov 19, 2018
Scenes from the Permian Basin International Oil Show this year Cimarex Energy said it will buy its smaller Denver rival Resolute Energy for almost $1 billion in a combination of two companies primarily focused on West Texas' booming Permian Basin. Houston Chronicle  

Cimarex to pay 15 percent premium for Resolute Energy in Permian push   Nov 19, 2018
(Reuters) - Oil and gas producer Cimarex Energy Co (XEC.N) on Monday agreed to buy smaller rival Resolute Energy Corp (REN.N) for about $811 million, adding more assets in the shale-rich Permian Basin for a premium of roughly 15 percent. The region has ... Reuters  

Cimarex to pay 15 pct premium for Resolute Energy in Permian push   Nov 19, 2018
(Adds CEO comment from conf. call, analyst quote; updates share prices) By Shanti S Nair and Debroop Roy Nov 19 (Reuters) - Oil and gas producer Cimarex Energy Co on Monday agreed to buy smaller ... Yahoo Finance  

Why Resolute Energy Corp. Stock Is Rocketing Today   Nov 19, 2018
Shares of Resolute Energy Corp. (NYSE: REN) surged more than 11% by 10:00 a.m. EST on Monday after the Permian Basin-focused driller agreed to sell itself to Cimarex Energy (NYSE: XEC) for $1.6 ... Yahoo Finance  

A severe oil drop like the one that just occurred usually leads to a bounce for crude and equities   Nov 19, 2018
A severe one-month decline in oil prices has historically set up a healthy bounce in the stock market and crude futures, according to investment bank Jefferies. The S&P 500 typically posts a 2.3 ... Yahoo Finance  

Chevron Corp. - Key Takeaways From Third Quarter 2018 Results   Nov 19, 2018
Chevron's third-quarter revenues and other income were $43.987 billion, up 21.5% compared to a year ago and up 4.1% sequentially. Chevron posted third-quarter earnings of $4.047 billion. The ... Seeking Alpha  

ExxonMobil Receives Warning From Turkey Before Thanksgiving   Nov 19, 2018
Importantly, Noble Energy, Inc. NBL discovered a field offshore Cyprus in 2011, which was estimated to contain 4.5 trillion cubic feet of natural gas. The recent visit from Francis Fannon in ... Yahoo Finance  

RESOLUTE ENERGY CORPORATION SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation Of Merger   Nov 19, 2018
regarding possible breaches of fiduciary duties and other violations of law related to the Company’s entry into an agreement to merge with Cimarex Energy Co. (“Cimarex”) (NYSE: XEC) in a transaction valued at approximately $1.6 billion. Under the ... MarketWatch  

Oman Oil, ORPIC merge downstream businesses   Nov 19, 2018
DUBAI (Reuters) - Oman Oil Co and Oman Oil Refineries and Petroleum Industries Co (ORPRIC) have merged their downstream businesses and appointed a new group chief executive as part of plans to ... Reuters  

Natural Gas Price Explosion Bankrupts Traders   Nov 19, 2018
Irina is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing on the oil and gas industry. A Tampa, Florida based options trading firm, OptionSellers ... OilPrice  

Oil Companies Get Together To Help ‘Oil Boom’ States   Nov 19, 2018
The Permian is driving the second U.S. shale revolution and has become the hottest shale play in the country, but this Permania has had an adverse effect on Texas and New Mexico, leading to ... OilPrice  

Canadian dollar edges lower as oil price slips   Nov 19, 2018
(Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Monday, straying close to the nearly four-month low touched last week, as oil prices slipped and global risk appetite ... Yahoo Finance  

USD/CAD Daily Price Forecast – USD/CAD Near Weekly Lows As Loonie Gained Upper Hand With Rising Crude Oil Price   Nov 19, 2018
After spending the majority of yesterday in a relatively tight range above the 1.32 mark, the USD/CAD pair came under a bearish pressure in the last hour as commodity-sensitive loonie started to ... Yahoo Finance  

Oil slumps 7 percent as equities slide fuels demand worries   Nov 19, 2018
NEW YORK (Reuters) - Oil prices tumbled about 7 percent on Tuesday, with U.S. crude plunging to its lowest level in more than a year, caught in a broader Wall Street selloff that was fed by rising ... Reuters  

World stocks, oil plunge as global growth prospects dim   Nov 19, 2018
NEW YORK (Reuters) - World equity markets and oil prices tumbled on Tuesday as investors grew more worried about economic growth prospects, while the U.S. dollar rose on flight to safe-haven ... Reuters  

Oil slips as pessimism over supply resurfaces despite OPEC pledge   Nov 19, 2018
LONDON (Reuters) - Oil fell on Monday, surrendering earlier gains as investors weighed up the effectiveness of a potential cut in supply from OPEC and possibly other exporters in the face of rapidly rising global output. Brent crude futures were down $1.04 ... Reuters  

Range Resources: A Well-Positioned Way To Play Shale Gas   Nov 19, 2018
Range Resources is the largest natural gas producer in the Marcellus Shale, controlling a large percentage of the acreage in Pennsylvania. The company has redesigned its wells to have a lower ... Seeking Alpha  

Natural Gas Price Fundamental Daily Forecast – Updated Weather Forecast Likely to Fuel Volatile Reaction   Nov 19, 2018
Natural Gas futures gapped higher on the opening early Monday. An early session surge, however, fell well-short of last week’s high at $4.964. Prices have since been driven back below the ... Yahoo Finance  

Russia Tightens Energy Grip on Turkey and Southern Europe   Nov 19, 2018
(Bloomberg) -- Russia is one step closer to tightening its natural-gas grip on Turkey and southern Europe just as the U.S. aims to curb the expansion of Kremlin-backed energy projects. President Vladimir Putin and his Turkish counterpart Recep Tayyip ... Finance Yahoo  

It's the largest offshore oil spill in N.L. history. The impact? That's still unknown   Nov 19, 2018
Officials are still trying to determine the impacts of Friday's estimated 250,000-litre oil spill — the largest in the province's history — in the White Rose oil field. The oil is believed to have spilled from a flowline to the SeaRose floating ... CBC.ca  

Deals of the day-Mergers and acquisitions   Nov 19, 2018
Oil and gas producer Cimarex Energy Co said it would buy smaller rival Resolute Energy Corp in a deal valued at $1.6 billion, including debt, as it seeks to expand its assets in the shale-rich ... Reuters  

Daybreak: Nissan Chairman Arrested, Faces Ouster (Podcast)   Nov 19, 2018
ConocoPhillips is in talks to sell its U.K. oil and gas fields to chemicals and commodities group Ineos. Bloomberg’s Dan Ten Kate discusses the APEC summit on Bloomberg TV. Erin Roman hosts. Running time 04:29 Bloomberg L.P.  

Pioneer to Shut Brady Sand Mines, Alter Supply to West Texas   Nov 19, 2018
Pioneer Natural Resources Company PXD announced that it will shut sand mine located in Brady, TX and alter proppant supply to West Texas sand sources. Operations at the sand mine in Brady is ... Yahoo Finance  

OMV AG In 9M FY18: Production Leap, Low Costs   Nov 19, 2018
Second, OMV decided to acquire New Zealand upstream business from Royal Dutch Shell for $ ... % benchmark of the company. EV/EBITDA multiple is widely used in comparison of oil & gas firms. Seeking Alpha  

Cimarex Energy to buy smaller rival Resolute Energy in $1.6 bln deal   Nov 19, 2018
Nov 19 (Reuters) - Oil and gas producer Cimarex Energy Co said on Monday it would buy smaller rival Resolute Energy Corp in deal valued at $1.6 billion, including debt. The deal is expected to be ... Yahoo Finance  

Resolute Energy's stock set to surge after $1.6 billion buyout deal with Cimarex Energy   Nov 19, 2018
Shares of Resolute Energy Co. REN, +2.21% were indicated up over 8% in premarket trade Monday, after the oil and gas company announced a deal to be acquired by Cimarex Energy Co. XEC, -0.16% in a cash and stock deal valued at $1.6 billion, including $710 ... MarketWatch  

Williams Companies Moving Back Into The Delaware Basin   Nov 19, 2018
Readers should note that in a separate deal, Williams divested its 33% stake in Ranch Westex JV LLC (which owns a gas processing plant in the Delaware Basin) to Anadarko Petroleum Corporation ... Seeking Alpha  

Profit From The Oil Crash With These 3 Deeply Undervalued, High-Yield Blue Chips   Nov 19, 2018
(Source: Pioneer Natural Resources investor presentation) In the mighty Permian Basin, the main driver of US oil production growth, breakeven costs have fallen to $27 per barrel. And thanks to ... Seeking Alpha  

Britain’s top diplomat in Iran as US oil sanctions back on   Nov 19, 2018
TEHRAN, Iran (AP) — Britain’s top diplomat is visiting Iran, less than two weeks after the United States re-imposed oil sanctions on the country. Foreign Secretary Jeremy Hunt met on Monday with his Iranian counterpart, Mohammed Javad Zarif, shortly ... Associated Press  

Cimarex to Acquire Delaware Pure-Play Resolute for $1.6 billion   Nov 19, 2018
including estimates of oil and natural gas reserves and resources, estimates of future production, assumptions regarding future oil and natural gas pricing, planned drilling activity, future ... Yahoo Finance  

Japan's Fuji Oil to buy U.S.-based chocolate maker Blommer   Nov 19, 2018
(Reuters) - Japanese food ingredient maker Fuji Oil Holdings Inc (2607.T) is buying U.S.-based Blommer Chocolate, the privately held cocoa and chocolate manufacturer said on Monday. The acquisition includes Blommer’s four manufacturing operations in ... Reuters  

QEP Resources to sell oil and gas assets to Aethon Energy for $735 mln   Nov 19, 2018
Nov 19 (Reuters) - QEP Resources Inc said on Monday it will sell its oil and gas assets in the Haynesville-Cotton Valley in northwest Louisiana to Aethon Energy Management LLC for $735 million, as it plans to become a pure-play Permian operator. The deal ... Reuters  

Enerplus Announces Cash Dividend for December 2018   Nov 19, 2018
CALGARY , Nov. 19, 2018 /CNW/ - Enerplus Corporation ("Enerplus") (TSX & NYSE: ERF) announces that a cash dividend in the amount of CDN$0.01 per share will be payable on December 14, 2018 to all ... Yahoo Finance  

EnLink Midstream to Participate in Investor Conferences   Nov 19, 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-Nigerian opposition's Abubakar to boost oil investment if wins election -manifesto   Nov 19, 2018
LAGOS/ABUJA, Nov 19 (Reuters) - Nigerian opposition candidate Atiku Abubakar will seek to boost investment in the oil sector if he becomes president next year, according to a draft copy of his ... Reuters  

QEP Resources Announces Agreement to Sell Northwest Louisiana Natural Gas Assets for $735.0 Million   Nov 19, 2018
DENVER, Nov. 19, 2018 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (QEP) (“QEP” or the “Company”) announced today that its wholly owned subsidiaries, QEP Energy Company, QEP Marketing Company ... Yahoo Finance  

Oil rises for a fourth day, buoyed by OPEC supply plans   Nov 19, 2018
LONDON (Reuters) - Oil rose for a fourth session in a row on Monday, buoyed by the prospect that top exporter Saudi Arabia will push OPEC and maybe Russia to cut supply towards the end of this year. Brent crude futures were up 24 cents at $67.00 a barrel ... Reuters  

UK GAS-Prices down on increased supplies from Norway, LNG   Nov 19, 2018
Nov 19 (Reuters) - British wholesale gas prices fell on Monday as increased supplies from Norway and strong liquefied natural gas (LNG) imports oversupplied the system. * Within-day gas plunged by ... Reuters  

UPDATE 1-Israel's Delek Drilling looks abroad to spin off Tamar stake in 2019   Nov 19, 2018
Tamar Petroleum has since expanded its stake in the field to 16.75 percent. Other shareholders are Texas-based Noble Energy with a 25 percent stake, Isramco with 28.75 percent, Dor Gas with 4 percent, and Everest Infrastructures holds the remaining 3.5 ... Reuters  

All offshore oil rigs shut down in N.L. after Husky Energy spill: board   Nov 19, 2018
ST. JOHN'S, N.L. -- The agency that regulates offshore safety in Newfoundland and Labrador says all offshore oil rigs in the province's waters have been temporarily shut down. The Canada-Newfoundland and Labrador Offshore Petroleum Board says in a ... CTV News  

Rouhani says Iran to continue oil exports and resist U.S. economic war   Nov 19, 2018
(Reuters) - Iran will continue to export oil despite U.S. sanctions, which are part of a psychological war doomed to failure, Iranian President Hassan Rouhani said on Monday. By reimposing ... Reuters  

Zero-emission rules mean fewer electric car choices for most Canadians: Don Pittis   Nov 19, 2018
There are now widespread rumours that British Columbia could announce a similar scheme within days as part of a promise to help balance out the greenhouse gas deficit produced by the province's planned $40-billion liquefied natural gas plant in Kitimat. CBC.ca  

UPDATE 4-Oil climbs 1 percent on prospect of OPEC, Russia supply cut   Nov 19, 2018
SINGAPORE, Nov 19 (Reuters) - Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as well as perhaps Russia to cut supply ... Reuters  

Oil Climbs as OPEC Output Curb Plan Overshadows U.S. Production   Nov 19, 2018
(Bloomberg) -- Oil shot back up following six weeks of losses as speculation of OPEC weighing bigger output cuts overshadowed signs of expanding American crude production. Futures in New York rose as much as 1.5 percent after a 6.2 percent slump last week. Finance Yahoo  

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