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Oil rises on expected OPEC cuts, but surging US supply drags   Nov 16, 2018
SINGAPORE (Reuters) - Oil prices rose on Friday amid expectations of supply cuts from OPEC, although record U.S. production dragged. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were ... Reuters  

Natural Gas Price Prediction – Prices Tumble From Overbought Condition   Nov 16, 2018
Natural gas prices tumbled back to earn after rocketing higher on Wednesday. Prices closed near their lows dropping more than 18% and closing on the lows of the session. This comes following an ... Yahoo Finance  

Russia’s $11 Billion Natural Gas Pipeline Is Primed to Fuel Europe   Nov 16, 2018
In the shadows of a long-silent East German nuclear reactor on the edge of the Baltic Sea, engineers are drilling, dredging, and digging in a forest clearing. As one set of workers shifts contaminated concrete and other radioactive materials from the ... Bloomberg L.P.  

Trump Duped Saudis Into Lower Crude-Oil Prices to Keep Gas Prices Low, Reports Say   Nov 16, 2018
President Donald Trump convinced Saudi Arabia to increase oil output in June and to lobby other nations to do the same in exchange for what he promised were strong sanctions against Iran that ... Yahoo Finance  

Canadian crude oil industry in crisis as prices plunge to record low   Nov 16, 2018
The Canadian crude oil industry has declared a national emergency after prices plunged to record lows. Oil is now well below $60 a barrel, having dropped $20 in the last six weeks. While that’s good news for prices at the pump, it’s causing misery for ... CTV News  

US Congresswoman calls for delay in New Mexico oil case   Nov 16, 2018
ALBUQUERQUE, N.M. (AP) — New Mexico oil and gas regulators are being pressured to delay a decision on an application by a Texas-based company that seeks to ease restrictions on well locations in one of the nation’s oldest producing basins. U.S. Rep. Associated Press  

FortisBC is concerned about a cold snap. Meteorologist Johanna Wagstaffe says don't worry … yet   Nov 16, 2018
The company says natural gas demand dropped 20 per cent following its first warning, but according to CEO Roger Dall'Antonia, "we're not out of the woods yet." "With the Enbridge system operating at its current capacity, we may not have sufficient natural ... CBC.ca  

Hebron platform stops operations amid bad weather, reports of smoke   Nov 16, 2018
"There was a muster this afternoon due to reports of smoke in the living quarters," said a spokesperson for ExxonMobil, the majority partner behind the $14-billion facility. "That inspection determined there was no fire," the spokesperson said ... CBC.ca  

Industry giants say Canada's oil price woes reaching 'emergency situation'   Nov 16, 2018
Canadian drivers are seeing the lowest prices for gasoline in months, as a slump in the price of crude oil has hit gas stations. That slump though has been a big blow for the industry as the price of oilsands crude has fallen to a record low of less than $ ... CBC.ca  

‘A serious problem’: Notley non-committal on crude cap   Nov 16, 2018
Alberta companies like Cenovus Energy and Canadian Natural Resources (CNRL) want the provincial government to cap production in the hopes of mitigating the heavy crude differential. The West Texas ... CTV Edmonton News  

Alberta Oil Glut Is Best Solved by Private Sector, Kenney Says   Nov 16, 2018
Producers like Cenovus Energy Inc., Nexen Energy ULC and MEG Energy Corp. are calling on Premier Rachel Notley to force an across-the-board production cut, while integrated companies like Suncor Energy Inc., Husky Energy Inc. and Imperial Oil Ltd. oppose ... Bloomberg L.P.  

Oil prices stable on expected OPEC cuts, but surging U.S. supply drags   Nov 16, 2018
SINGAPORE (Reuters) - Oil prices were stable on Friday, supported by expected supply cuts from OPEC but held back by record U.S. production. U.S. West Texas Intermediate (WTI) crude oil futures were at $56.5/ per barrel at 0132 GMT, up 12 cents from their ... Finance Yahoo  

Pioneer Natural Resources Company (PXD) Presents at Bank of America Merrill Lynch Global Energy Conference - Transcript   Nov 16, 2018
Pioneer Natural Resources Company (NYSE:PXD) Bank of America Merrill Lynch Global Energy Conference November 15, 2018 2:50 PM ET Executives Richard Dealy - Executive Vice President and Chief ... Seeking Alpha  

5 Numbers From EOG Resources Inc.'s Q3 Report That Investors Must See   Nov 16, 2018
EOG Resources (NYSE: EOG) maintained its momentum during the third quarter, producing expectation-smashing earnings once again. That's after the top-tier shale driller reported $1 billion, or $1 ... Yahoo Finance  

Oil price woes a 'serious problem' for Canadian economy, says Notley   Nov 16, 2018
Alberta Premier Rachel Notley says the low price of western Canadian crude has become a serious problem for the country's economy, adding her government is "furiously" seeking solutions. But while the province and the oilpatch explore their options ... CBC.ca  

Can Bitumen 'Pucks' Save Canada's Oil Sands Producers?   Nov 16, 2018
I also criticized the decision by Imperial Oil (IMO) and Exxon Mobil (XOM) to move forward on another oils sands project (see What?! Another Oil Sands Project?). But new technologies has given ... Seeking Alpha  

Cramer Remix: If you want a long-term cannabis play, look no further   Nov 16, 2018
Click here to watch his full interview. Lightning round: The way to play oil In Cramer's lightning round , he rattled off his take on callers' favorite stocks: Encana Corp. : "We've got to buy the highest-quality oils now because the patch is so dicey. Yahoo Singapore Finance  

Bloomberg: ConocoPhillips to start North Sea asset sale by year-end   Nov 16, 2018
ConocoPhillips (NYSE:COP) plans to invite bids by the end of the year for its remaining North Sea assets, which could be valued at as much as $3B in a sale, Bloomberg reports. The assets, which ... Seeking Alpha  

Natural Gas Markets Remain Ultra Tight   Nov 16, 2018
Natural gas prices skyrocketed this week, shooting above $4.80 per MMBtu on Wednesday, a price last seen during the polar vortex of 2014. Low gas inventories are leaving the market on edge, and ... OilPrice  

Crisis-Hit Oil Producer Venezuela Set To Share Economic Data With IMF   Nov 16, 2018
OPEC’s member Venezuela—which is sitting on the world’s largest crude oil reserves but which is suffering the worst loss of oil production in history outside of war-induced outages—is ... OilPrice  

Abu Dhabi’s Remarkable Energy Diversification   Nov 15, 2018
ADNOC’s CEO has made several statements suggesting that the NOC is set for a more diversified future, in which downstream and natural gas will become a major priority. The NOC aims to not only ... Yahoo Finance  

Kinder Morgan (KMI) Outpaces Stock Market Gains: What You Should Know   Nov 15, 2018
Heading into today, shares of the oil and natural gas pipeline and storage company had lost 5.63% over the past month, outpacing the Oils-Energy sector's loss of 9.12% and lagging the S&P 500's ... Yahoo Finance  

RPT-PetroChina's gas marketing consolidation worries independent sellers - sources   Nov 15, 2018
BEIJING, Nov 15 (Reuters) - PetroChina will merge its wholesale natural gas sales unit with retail provider Kunlun Energy to shore up profits though the move worries independent gas sellers that ... Reuters  

RPT-Tankers storing LNG in Asian waters double as pre-winter demand disappoints   Nov 15, 2018
SINGAPORE, Nov 15 (Reuters) - Tankers storing liquefied natural gas (LNG) in Asian waters have more than doubled in number since late October as traders have been caught off guard by warmer-than ... Reuters  

Oil-gas company drops all plans to drill near ex-nuke site   Nov 15, 2018
DENVER (AP) — An oil and gas company says it’s canceling all of its plans to drill near a former nuclear weapons plant northwest of Denver. The Denver Post reported Thursday Highlands Natural Resources dropped its plans to drill near the Rocky Flats ... Associated Press  

Oil Prices Rise; Big Stockpile Build Overshadowed by Saudi Threats to Cut   Nov 15, 2018
Investing.com - Oil bears seem to be fearing OPEC, finally, suggesting the brakes might hold on the longest selloff streak in crude. The U.S. government announced on Thursday the biggest weekly ... Yahoo Finance  

Mexican oil regulator approves $380 mln investment for 2019 projects   Nov 15, 2018
MEXICO CITY, Nov 15 (Reuters) - Mexico’s oil regulator approved drilling plans on Thursday for five offshore projects with investment commitments totaling about $380 million, more than half of ... Reuters  

'Break out the signs': Shale gas foes take to the streets again   Nov 15, 2018
About two dozen anti-shale gas protesters waved signs to the beat of a drum on Thursday outside a Moncton hotel, site of a meeting to discuss natural gas supplies in the Maritimes. The Progressive Conservatives, who took charge in the province last Friday ... CBC.ca  

Drilling Permit Roundup: Unconventional driller makes new play in Eagle Ford Shale   Nov 15, 2018
For the full drilling data table, see below. Most Active County: La Salle County with 37 drilling permit applications Most Active Company: EOG Resources Inc. (NYSE: EOG) with 19 drilling permit applications South and Central Texas-based companies were ... The Business Journals  

Can Bitumen 'Pucks' Save Canada's Oil Sands Producers?   Nov 15, 2018
I also criticized the decision by Imperial Oil (IMO) and Exxon Mobil (XOM) to move forward on another oils sands project (see What?! Another Oil Sands Project?). But new technologies has given ... Seeking Alpha  

Anadarko and its MLPs announce new presidents, other executive appointments   Nov 15, 2018
The Woodlands-based Anadarko Petroleum Corp. (NYSE: APC) and its Woodlands-based master limited partnerships — Western Gas Partners LP (NYSE: WES) and Western Gas Equity Partners LP (NYSE: WGP) — both announced new presidents and other leadership ... The Business Journals  

'Not out of the woods yet': FortisBC says gas shortage still possible   Nov 15, 2018
There's still a chance B.C. could suffer a natural gas shortage this winter if people don't limit their use, according to a new warning from the head of FortisBC. More than a month after the ... BC CTV News  

Oil Prices Crash, But Oil Majors Aren’t Panicking   Nov 15, 2018
In just one month, everyone stopped talking about $100 oil. In six weeks, oil prices slid into a bear market from four-year highs in early October and booked their steepest one-day plunge in three ... OilPrice  

Anadarko unveils 2019 capex outlook, ups dividend, raises stock buybacks   Nov 15, 2018
Anadarko Petroleum (NYSE:PAC) +1.4% after-hours as it releases guidance for a FY 2019 capital budget of $4.3B-$4.7B while also delivering 10% Y/Y growth in oil sales volume. The company forecasts ... Seeking Alpha  

Anadarko Announces 2019 Capital Program And Sales-Volume Guidance   Nov 15, 2018
HOUSTON, Nov. 15, 2018 /PRNewswire/ -- Anadarko Petroleum Corporation (NYSE: APC) today announced its 2019 capital expectations and guidance. The company's 2019 capital investment program is $4.3 to $4.7 billion, (1) which represents a decrease relative ... The Business Journals  

Noble Energy executive jumps ship to Denver's Whiting Petroleum   Nov 15, 2018
Whiting hired Brad Holly, a former Anadarko Petroleum Corp. (NYSE: APC) executive in charge of U.S. onshore operations for The Woodlands, Texas-based giant, last November to be CEO and president. He became board chairman in May. Rimer will be responsible ... The Business Journals  

Canada’s Oil Industry Is Sparring Over Forced Output Cuts   Nov 15, 2018
Executives from Canadian Natural Resources Ltd. and Nexen Energy ULC are among those who made the pitch to Alberta’s premier last month, the people said, speaking on condition of anonymity as the meeting was private. Cenovus Energy Inc. is also publicly ... Finance Yahoo  

Europe Looking To Ramp Up LNG Imports From America - Here's How You Can Profit   Nov 15, 2018
Europe is looking to diversify its natural gas providers as currently a Russian company with close ties ... or Royal Dutch Shell (RDS.A) (NYSE:RDS.B), I think the best way to play the United ... Seeking Alpha  

Western Gas Announces Management Changes And Promotions   Nov 15, 2018
About Western Gas WES is a growth-oriented Delaware master limited partnership formed by Anadarko Petroleum Corporation to acquire, own, develop and operate midstream assets. With midstream assets located in the Rocky Mountains, North-central Pennsylvania ... The Business Journals  

US households will get a $40 billion windfall from falling oil prices   Nov 15, 2018
Oil prices have fallen over 25% since early October, and while that has contributed to market turmoil, it also means a windfall for households that consume petroleum products. Demand for oil-based products like gas and heating oil isn’t something that ... Finance Yahoo  

Is Marathon Oil Corporation (NYSE:MRO) A Smart Choice For Dividend Investors?   Nov 15, 2018
Dividends can be underrated but they form a large part of investment returns, playing an important role in compounding returns in the long run. Historically, Marathon Oil Corporation (NYSE:MRO ... Yahoo Finance  

Russia Says LNG Cargoes From Yamal Arrive In U.S.   Nov 15, 2018
At least three tankers loaded with liquefied natural gas (LNG) from Russian LNG facility Yamal have arrived in the United States recently, according to Russia’s Foreign Ministry spokeswoman ... OilPrice  

Pioneer Natural Resources to close Texas sand mine   Nov 15, 2018
Pioneer Natural Resources (PXD +2.9%) says it will shutter its sand mine located in Brady, Tex., and transition proppant supply to West Texas sand mines with lower mining costs and proximity to ... Seeking Alpha  

Pioneer's Investments In Vertical Integration And Sand Continue   Nov 15, 2018
For these reasons and more, investors should stay long Pioneer Natural Resources vs. peers. Pioneer Natural Resources (PXD) grew production 7% quarter over quarter, which exceeded the top end of ... Seeking Alpha  

Oil Prices Are Not Falling Off A Cliff Anytime Soon   Nov 15, 2018
We entered the fourth quarter of 2018 with some anticipation. Driving this was the advent of complete sanctions imposed by the American government on Iran. The arrival of these sanctions had been ... OilPrice  

Oil Rebounds After Biggest Daily Loss In 3 Years   Nov 15, 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. Crude oil prices crashed yesterday, losing 7 percent in ... OilPrice  

Deal to create $1.4 billion man camp chain in U.S. shale plays   Nov 15, 2018
Existing clients include exploration and production companies such as Marathon Oil Corp., Whiting Petroleum Corp. and Occidental Petroleum Corp. as well as services companies such as Schlumberger and Halliburton. The combined company will not be limited to ... m.chron.com  

SBM Offshore (SBFFF) CEO Bruno Chabas on Q3 2018 Trading Update Conference -Transcript   Nov 15, 2018
It was quickly followed, as you remember, by the signature of the Liza 2 contract with ExxonMobil and partner. The contract is progressing well and the fabrication of the first well as well. Seeking Alpha  

Whiting Petroleum Corporation's (WLL) Presents at Bank of America Merrill Lynch Global Energy Conference (Transcript)   Nov 15, 2018
Coming and listening to Whiting story. I understand we're here at the same time as Noble Energy which is next door and we have something common with them, which I'll say in a little bit. Seeking Alpha  

Canadian gas prices fall as crude oil continues slide   Nov 15, 2018
Canadian drivers are seeing the lowest prices for gasoline in months, as a slump in the price of crude oil has hit gas stations. The price of the North American crude oil benchmark known as West Texas Intermediate is hovering at just over $56 a barrel on ... CBC.ca  

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