Page 5 of 10
News
view:
Links to the news articles will open in their original format as published by their providers. 
Saudis Cut Oil Exports To U.S. To Boost Crude Prices   Nov 16, 2018
Saudi Arabia has been slashing oil exports to the United States over the past two months, in what looks like a move to force a reduction in the world’s most transparently reported inventories ... OilPrice  

Record low Canadian crude price shows oil sands best days are past   Nov 16, 2018
Producers including Canadian Natural Resources (NYSE:CNQ) and Cenovus Energy (NYSE:CVE) have responded by curtailing as much as 140K bbl/day or more in production, according to company statements ... Seeking Alpha  

Canadian Crude Rallies as U.S. Demand and Rail Shipments Rise   Nov 16, 2018
A year ago, the discount was less than $15. The price collapse has prompted oil sands producers including Cenovus Energy Inc. and Canadian Natural Resources Ltd. to shut what could amount to 140,000 barrels a day or more this quarter. Crude inventories at ... Bloomberg L.P.  

Oil spilled from SeaRose tanker in White Rose Field   Nov 16, 2018
An oil leak from a flowline to the SeaRose tanker caused about 250 cubic metres to leak into the sea, Husky Energy says. The spill happened around mid-day Friday while crews were preparing to restart production. Operations were halted Thursday due to ... CBC.ca  

South Sudan Says Recovering Oil Production Boosts FX Reserves   Nov 16, 2018
Gradually increasing oil production and the higher oil prices this year are helping South Sudan to generate more foreign exchange reserves, according to Deng Tor Ngor, governor of South Sudan’s ... OilPrice  

Report: Crypto and Oil Market Slumps Are Sign of Approaching ‘Flash Crash’ in Markets   Nov 16, 2018
Analysts from Bank of America Merrill Lynch have said that the crash in cryptocurrency and oil markets are indicators of a looming “flash crash” in markets, Reuters reported Nov. 16. Yahoo Finance  

Oil edges up in volatile session but falls for sixth straight week   Nov 16, 2018
NEW YORK (Reuters) - Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid ... Reuters  

UPDATE 4-Iraq restarts some Kirkuk oil exports after year-long halt   Nov 16, 2018
LONDON/BAGHDAD, Nov 16 (Reuters) - Iraq on Friday restarted exports of Kirkuk oil, halted a year ago due to a standoff between the central government and Kurdistan’s semi-autonomous region ... Reuters  

Oil Rebounds On Hopes Of OPEC+ Action   Nov 16, 2018
Oil prices posted some gains on Thursday and in early trading on Friday, rising on the hope that OPEC+ might agree to a production cut in early December. IEA: OPEC achieved objective. The IEA said ... OilPrice  

Colombia's private crude producers cautiously optimistic about Duque   Nov 16, 2018
“We’re seeing progress - we have all the confidence in the world in the administration,” said Occidental Petroleum chief executive Vicki Hollub, on the sidelines of an oil and gas conference in Bogota. Occidental operates the Cano Limon field in ... Reuters  

Rig Count Inches Higher Despite Oil Price Slide   Nov 16, 2018
Baker Hughes reported a 1-rig increase for oil and gas in the United States this week—a far more tempered figure after last week’s 14-rig increase. The total number of active oil and gas ... OilPrice  

Murphy Oil Cleans The Table Again   Nov 16, 2018
The Petrobras deal will be accretive from the start. Financial ratios will remain conservative even after the deal. Murphy has a long history of operations in the Gulf. The 41 KBOED is a ... Seeking Alpha  

Alberta energy firms split on call for government-imposed production cuts   Nov 16, 2018
On Thursday, oilsands and refining firms Suncor Energy Inc. and Husky Energy Inc. rejected a call by rival Cenovus Energy Inc. for government-imposed temporary cuts, while Canadian Natural Resources Ltd. stepped up to endorse the idea. The province ... CBC.ca  

Edmonton's iconic oil derrick heads back to historic home   Nov 16, 2018
On that chilly February morning in 1947, no one was expecting success. Imperial Oil had drilled 133 dry holes in a row and, after pouring millions of dollars into the search, was about to abandon oil exploration altogether. Leduc No 1, more than 80 km ... CBC.ca  

Entergy Arkansas reaches deal to stop using coal at 2 plants   Nov 16, 2018
LITTLE ROCK, Ark. (AP) — Arkansas’ largest electric utility says it will eventually stop using coal at two power plants and shut down a natural gas plant under a settlement reached with environmental groups. Entergy Arkansas announced Friday it’s ... Associated Press  

Groupon Celebrates Turning 10 with a Birthday Sale and Good Cause Opportunity   Nov 16, 2018
85 million slices of pizza 66 million ounces of steak 33 million quarts of oil changed 9 million feet of ramen 375 years of yoga poses To view the full 10-year anniversary Groupon infographic ... Yahoo Finance  

Stratas Advisors Plans Dec. 10 Symposium in Bahrain   Nov 16, 2018
George Popps, Director, Midstream Popps is the director of Stratas Advisors' Global LNG and Global Natural Gas services. He focuses primarily on the world trade of LNG and natural gas while also ... Yahoo Finance  

Recent SRE News   Nov 16, 2018
LOS ANGELES, Nov. 14, 2018 /PRNewswire/ -- Southern California Gas Co. (SoCalGas) and other natural gas water and electric utilities across the United States and Canada are joining forces today to protect their customers from scammers impersonating utility ... Bloomberg L.P.  

This Oil Stock Is Lavishing More Cash on Its Shareholders   Nov 16, 2018
U.S. oil giant Anadarko Petroleum (NYSE: APC) has shifted its strategy in recent years from growing production to enhancing shareholder value. One result of that philosophical pivot is that the ... Yahoo Finance  

Christopher Watts' ex-girlfriend says he lied to her about the disappearance of his wife and daughters   Nov 16, 2018
Nichol Kessinger, 30, briefly dated Christopher Watts over the summer after meeting at their job, Anadarko Petroleum. She ended the affair in August after his wife, Shanann, and his two daughters, Bella, 4, and Celeste, 3, went missing. Shanann was 15 ... NBC News  

BGC Enters Shipbroking, Buying 80-Year-Old Poten in Bet on LNG   Nov 16, 2018
(Bloomberg) -- BGC Partners Inc. is entering the shipbroking market for the first time, buying Poten and Partners Group Inc. to bet on demand for liquefied natural gas. Poten, which is based in ... Yahoo Finance  

Azerbaijan's oil production at 32.25 mln t in Jan-Oct - stats committee   Nov 16, 2018
BAKU, Nov 16 (Reuters) - Azerbaijan’s oil production stood at 32.248 million tonnes in January-October, the same as a year ago, the country’s statistics committee said on Friday. Reuters  

Finland's main gas grid to directly access first LNG supply in 2020   Nov 16, 2018
OSLO, Nov 16 (Reuters) - The construction of a new liquefied natural gas (LNG) terminal in Finland’s southern port of Hamina will be concluded by the end of 2020, allowing the country to reduce ... Reuters  

Oil Bears - Can They Have Their Cake And Eat It Too?   Nov 16, 2018
A case in point is Pioneer Natural Resources (NYSE:PXD). As we can see from the slide below taken from one of their recent presentations, a mere 17 companies control more than 55 Billion Barrels ... Seeking Alpha  

Heavy Canadian Crude Falls to Record Low Amid Production Cuts   Nov 16, 2018
Producers including Canadian Natural Resources Ltd. and Cenovus Energy Inc. have responded to the price drop by curtailing what could amount to as much as 140,000 barrels a day or more, according to company statements. Some operators have gone further ... Finance Yahoo  

Relief Is About to Roll Down the Tracks in Canada’s Oil Crisis   Nov 16, 2018
Note: ConocoPhillips shipments calculated from percent of recent Surmont production; Imperial and Devon figures include plans that haven't been secured by contract It’s a costly solution at a time when a shortage of pipeline capacity sent the price for ... Bloomberg L.P.  

Top 2019 Energy Stock Pick   Nov 16, 2018
The situation is so bad, in fact, that Canadian Natural Resources Ltd. CEO Darren M. Fichter has publicly stated that he believes that the government should limit production of those barrels that are being produced at a loss in order to provide some support. Finance Yahoo  

UPDATE 1-Most of Nord Stream 2 project to be paid for by 2019 - OMV CEO   Nov 16, 2018
LONDON, Nov 16 (Reuters) - The Nord Stream 2 gas pipeline project connecting Russia to Germany will be 70 percent paid for by next year, the chief executive of Austrian oil and gas company OMV ... Reuters  

US energy official sees 'great promise' in eastern Med   Nov 16, 2018
NICOSIA, Cyprus (AP) — The United States sees "great promise" in developing energy resources in the eastern Mediterranean, a U.S. state department official said Friday, as ExxonMobil and partner ... Yahoo Finance India  

Natural Gas Price Fundamental Daily Forecast – Large Build, Return to Normal Temps Could Drive Prices Below $4.00   Nov 16, 2018
Natural gas is trading nearly flat early Friday after yesterday’s blood bath completely reversed the previous day’s spike to a multi-year high. The inability to follow-though to the downside suggests the market may have found value. The tight range ... Yahoo New Zealand  

Nalcor profts drop $29M through 3rd quarter of 2018 over previous year   Nov 16, 2018
Nalcor says the drop in profits is because of a drop in Hydro earnings "due to the timing of the general rate application orders"; lower revenues from the Bull Arm fabrication site after ExxonMobil wrapped up work in Trinity Bay in 2017; and higher ... CBC.ca  

Iraq Resumes Kirkuk Oil Exports A Year After Halt   Nov 16, 2018
Iraq resumed on Friday oil exports from the Kirkuk province, a year after it had stopped oil flows from the area due to a dispute with the semi-autonomous Kurdistan region, industry sources told ... OilPrice  

Williams (WMB) and Brazos to Create JV in Delaware Basin   Nov 16, 2018
El Dorado, AR-based Murphy Oil Corporation MUR carries a Zacks Rank #2. The company’s sales for 2018 are expected to grow more than 20% from 2017. Today's Stocks from Zacks' Hottest Strategies ... Yahoo Finance  

Here's What Makes EOG Resources (EOG) an Attractive Bet Now   Nov 16, 2018
We are upbeat about EOG Resources, Inc.’s EOG) prospects and believe that it is a promising pick at the moment. The company currently sports a Zacks Rank #1 (Strong Buy) and a VGM Score of B. Yahoo Finance  

3 Things the Market Missed About Hess' (HES) Q3 Earnings   Nov 16, 2018
As usual, oil and gas production companies like Hess (NYSE: HES) were hit far harder than integrated majors like ExxonMobil (NYSE: XOM). Some of that market pessimism bled into earnings season ... Yahoo Finance  

Fragile recovery for FTSE as investors seek safety in mining, oil   Nov 16, 2018
LONDON (Reuters) - UK shares staged a fragile comeback on Friday as gains in mining and oil stocks helped revive a market battered by Thursday’s sell-off, while Brexit-sensitive banking and ... Reuters  

Iraq oil ministry confirms resumption of Kirkuk oil exports   Nov 16, 2018
BAGHDAD (Reuters) - Iraq has resumed exporting oil from the northern Kirkuk oilfields on Friday, the spokesman for the oil ministry Asim Jihad told Reuters on Friday. “The resumption of Kirkuk shipments of between 50-100,000 barrels per day will not add ... Reuters  

Oil Prices Pare Sharp Weekly Decline Ahead of Data on U.S. Drilling Activity   Nov 16, 2018
Investing.com - Oil prices moved higher on Friday, recovering for a third straight session and paring a sharp weekly decline, as bullish hopes center on hopes for an OPEC-led production cut and ... Yahoo Finance  

Warren Buffett Just Sold 19 Million Shares of This Oil Giant: Here's the Big Takeaway   Nov 16, 2018
Each quarter, the biggest investors and financial holdings companies are required to report their holdings to the SEC using the form 13-F (or D or G). These forms, which are made public soon after ... Yahoo Finance  

Anadarko names new president, hikes dividend   Nov 16, 2018
Anadarko Petroleum is promoting its chief financial officer, Bob Gwin, to president, creating a clear second-in-charge at The Woodlands-based oil and gas exploration and production firm. Chairman and Chief Executive Al Walker is relinquishing the ... Houston Chronicle  

UPDATE 1-Malaysia gas exports severely hit by output disruption since Q2 -finmin   Nov 16, 2018
Malaysia is the world’s third-biggest exporter of liquefied natural gas (LNG), and state energy company Petronas is a significant contributor to the state coffers. Reuters reported in August ... Reuters  

Oil firms on supply cut talk; still set for sixth weekly loss   Nov 16, 2018
LONDON (Reuters) - Oil rose on Friday on hopes that supply cuts will be agreed at OPEC’s meeting on Dec. 6, but failed to recoup recent losses on oversupply concerns that have shaved more than a ... Reuters  

Oil Prices: It Took Bears Just 12 Days to Maul 12 Months of Bull Market Gains   Nov 16, 2018
Image source: Getty Images. The recent plunge in oil prices has naturally put pressure on most oil stocks. Shares of U.S. drillers Devon Energy (NYSE: DVN), Pioneer Natural Resources (NYSE: PXD), and Marathon Oil (NYSE: MRO), for example, are all off by ... Yahoo New Zealand  

Top Oil Trader Still Sees Higher Prices In 2019   Nov 16, 2018
Three weeks ago, when Brent Crude prices hit $80 a barrel on fears of an imminent supply crunch with the Iran sanctions, one of the world’s top oil traders—Trafigura—was one of the first to ... OilPrice  

U.S. To Assess Holding Oil, Gas Lease Sale In Offshore Arctic   Nov 16, 2018
The U.S. Department of the Interior said on Thursday that it intends to prepare an Environmental Impact Statement (EIS) for a potential 2019 oil and gas lease sale in the Beaufort Sea in federal ... OilPrice  

Sudan Set To Launch Oil Bidding Round In Q3 2019   Nov 16, 2018
Sudan expects it will be able to launch a bidding round for oil and gas blocks in the country in the third quarter of 2019, Sudan’s Petroleum Minister Azhari Abdalla said on Tuesday. “I really ... OilPrice  

Canadian Oil Producer Calls For Production Cap Amid Record Low Prices   Nov 16, 2018
One of the large Canadian oil producers, Cenovus Energy, is calling upon the government of Alberta to mandate temporary production cuts at all drillers in a bid to ease Canadian bottlenecks that ... OilPrice  

Oil Poised for Sixth Weekly Loss on Lingering Oversupply Risk   Nov 16, 2018
(Bloomberg) -- Oil is poised for a sixth weekly loss, trading near $57 a barrel as lingering concerns over a supply glut continue to weigh on the market. Futures in New York rose 1.1 percent on Friday, trimming the weekly drop to 5.2 percent. Government ... Finance Yahoo  

Deal of the Week: MLPs to consolidate, buy Anadarko’s midstream assets for $4B   Nov 16, 2018
The Woodlands-based Western Gas Equity Partners LP (NYSE: WGP) and Western Gas Partners LP (NYSE: WES) — master limited partnerships formed by Anadarko Petroleum Corp. (NYSE: APC) — will consolidate and acquire all of Anadarko’s remaining midstream ... The Business Journals  

China woos Pacific islands with loans, showcase projects   Nov 16, 2018
Its involvement is currently dwarfed by the investment of a single company- ExxonMobil's $19 billion natural gas extraction and processing facility. Australia, the former colonial power in Papua New Guinea, remains its largest donor of conventional foreign ... Houston Chronicle  

Page 5 of 10