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Russia Isn’t Interested In Joining New OPEC-led Oil Output Cuts   Nov 15, 2018
Russia prefers to stay out of any fresh oil production cuts led by OPEC’s leader Saudi Arabia, Reuters reported on Thursday, quoting two high-ranking Russian sources. Russia—which together ... OilPrice  

U.S. fishermen file fourth climate lawsuit naming Encana   Nov 15, 2018
A major Canadian energy company based in Calgary is facing its fourth lawsuit in U.S. courts over climate change. The largest commercial fishermen's group on the West Coast has included Encana in a lawsuit attempting to link greenhouse gas emissions from ... Finance Yahoo  

Latest Oil Price Slump Was ‘Made In America’   Nov 15, 2018
The long losing streak in oil prices over the past two weeks was the result of U.S. policies and soaring American oil production, Ed Morse, head of commodities research at Citigroup, told ... OilPrice  

Can OPEC Halt An Oil Market Meltdown?   Nov 15, 2018
What a difference one month makes. One month ago, the International Energy Agency (IEA) warned that the world was “straining parts of the system to the limit,” noting that “recent production ... OilPrice  

Kinder Morgan's Miss. Gulf LNG export plant passes environmental test   Nov 15, 2018
(Reuters) - U.S. energy company Kinder Morgan Inc’s proposed Gulf liquefied natural gas (LNG) export terminal in Mississippi took a step toward receiving federal approval for construction on ... Reuters  

Natural gas prices plunge 18 percent in a second wild day of trading   Nov 15, 2018
Volatile natural gas prices plummeted 18 percent, reversing nearly all of Wednesday's sharp gains, after U.S. inventories showed a slight increase in supply. Selling was already underway even before the 10:30 a.m ET report from the Energy Information ... Yahoo Singapore Finance  

North Dakota regulators may amend oil conditioning rules   Nov 15, 2018
BISMARCK, N.D. (AP) — North Dakota oil industry leaders are pushing to loosen the state’s oil conditioning regulations but an environmental group is arguing to tighten rules. The Bismarck Tribune reports that the North Dakota Industrial Commission is ... Associated Press  

CME Group Energy Futures and Options Volume Reaches Record 5.1 Million Contracts   Nov 15, 2018
Energy options volume surpasses 1 million contracts for first time - Henry Hub Natural Gas futures and options set new volume records CHICAGO, Nov. 15, 2018 /PRNewswire/ -- CME Group, the world's ... Yahoo Finance  

BLM hears concerns over planned oil and gas leasing   Nov 15, 2018
GRAND JUNCTION, Colo. (AP) — The Bureau of Land Management has opened a new public comment period for land it plans to offer for oil and gas leasing in an upcoming sale. The Grand Junction Daily Sentinel reports the agency said this week that it is ... Associated Press  

Oil rises more than 1 percent despite potential looming supply glut   Nov 15, 2018
NEW YORK (Reuters) - Oil futures rose more than 1 percent on Thursday, steadying after this week’s steep losses as fuel stockpile declines in the United States helped offset concerns about a ... Reuters  

Oil: supply glut weighs, sources say Russia to steer clear of OPEC cuts   Nov 15, 2018
Russia wants to stay out of any oil-production cuts touted in an OPEC-led supply pact, Russian sources told Reuters. As David Pollard reports, it could weigh on sentiment in markets already facing record supply levels. Russia wants to stay out of any oil ... Reuters  

Crescent Point Energy Confirms November 2018 Dividend   Nov 15, 2018
CALGARY , Nov. 15, 2018 /CNW/ - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX and NYSE: CPG) confirms that the dividend to be paid on December 17, 2018 , in respect of ... Yahoo Finance  

The Oil Price Connection   Nov 15, 2018
This article was originally published on ETFTrends.com. By Eric Kazatsky, Clark Capital Management Group The municipal bond sector is not immune to volatility in energy prices, specifically, the ... Yahoo Finance  

Two Words That Sent the Oil Market Plunging: Negative Gamma   Nov 15, 2018
(Bloomberg) -- As oil suffered its biggest one-day slump in three years, it wasn’t OPEC or President Donald Trump that was shaking the market. Instead, trading desks were abuzz with chatter of ... Yahoo Finance  

Suncor's Williams to Retire, Handing CEO Post to Mark Little   Nov 15, 2018
Steve Williams, 62, is going to retire as chief executive officer of Suncor, Canada’s largest oil producer. Chief Operating Officer Mark Little was appointed president effective immediately and will succeed Williams as CEO in May, the company said. Bloomberg L.P.  

Has Oil’s Next Bear Market Finally Arrived?   Nov 15, 2018
Some of Canada’s biggest names, such as the third largest oil sands operator, Cenovus Energy Inc. (TSX:CVE)(NYSE:CVE), which is down by a whopping 17%, have been sharply negatively affected. The outlook for Canada’s energy patch is certainly not as ... Finance Yahoo  

South Korea Serious About Ditching Iranian Oil   Nov 15, 2018
South Korea did not import any Iranian crude oil in October, the second month in a row one of the world’s top oil importers has abstained from buying Iranian crude ahead of the U.S. sanctions ... OilPrice  

ConocoPhillips May Divest Remaining Stake in North Sea Asset   Nov 15, 2018
ConocoPhillips Price ConocoPhillips Price | ConocoPhillips Quote Chevron Corporation CVX is another energy giant planning to divest its entire stakes in matured resources in the North Sea and turn ... Yahoo Finance  

BP Adds to Oil Production, Tweaks Refineries with Nearly $34 Billion in Projects, an Industrial Info News Alert   Nov 15, 2018
Other companies featured: Chevron Corporation and BHP Billiton plc For details, view the entire article by subscribing to Industrial Info's Premium Industry News, or browse other breaking industrial news stories at www.industrialinfo.com. Industrial Info ... The Business Journals  

Russia’s Most Powerful Oilman: We're Fine With Any Oil Price   Nov 15, 2018
Rosneft is fine with any level of oil prices, chief executive Igor Sechin told Kommersant radio station as quoted by news agency TASS. "We manage risks. If prices fall, we will work on increasing ... OilPrice  

TechnipFMC (FTI) Inks Surface Technologies Deal With Chevron   Nov 15, 2018
TechnipFMC plc FTI recently signed an agreement with Chevron Corporation CVX to provide surface technologies for the latter’s operations in North America. The five-year Surface Technologies ... Yahoo Finance  

In Colorado, you can't separate oil and water as fracking's thirst is growing   Nov 15, 2018
Anadarko Petroleum Corp., (NYSE: APC) a Houston-based oil and gas company, has grown to rely on leased effluent water from municipalities or water leased from mining operations. Both those sources can be completely consumed under Colorado water law ... The Business Journals  

Awilco Drilling: Shell Adds 3 Option Wells To WilPhoenix Contract   Nov 15, 2018
Shell added 3 optional wells to the contract. Importantly, for the industry, these are exploration wells. Awilco Drilling (OTCPK:AWLCF) shares have stabilized following the company’s decision to ... Seeking Alpha  

FortisBC is concerned about a cold snap. Meteorologist Johanna Wagstaffe says don't worry … yet   Nov 15, 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  

PRESS DIGEST- Canada- Nov 15   Nov 15, 2018
tgam.ca/2DmXTSd Cenovus Energy Inc Chief Executive Officer Alex Pourbaix said the province is facing a "wholesale economic catastrophe" that justifies the government departing from free-market principles and ordering companies to reduce their production of ... Reuters  

Upset by Trump's Iran waivers, Saudis push for deep oil output cut   Nov 15, 2018
ABU DHABI (Reuters) - When U.S. President Donald Trump asked Saudi Arabia this summer to raise oil production to compensate for lower crude exports from Iran, Riyadh swiftly told Washington it ... Reuters  

Pioneer shuttering central Texas sand mine   Nov 15, 2018
Dallas-based Pioneer Natural Resources said Thursday it will shutter its Central Texas sand mine in Brady because of the surge in competition from new mines in West Texas' Permian Basin. The sudden boom in the construction in new sand mines in the Permian ... Houston Chronicle  

Zacks Market Edge Highlights: Exxon, Chevron, Pioneer Natural, Diamondback and Lilis Energy   Nov 15, 2018
But that also means there are buying opportunities there. Sheraz likes the big Permian Basin plays like Pioneer Natural Resources PXD and Diamondback Energy FANG. Pioneer is down 13% year-to-date ... Yahoo Finance  

B3 Appoints New Director of Product   Nov 15, 2018
Mr. Bruant joins B3 from one of the largest independent exploration and production companies, Pioneer Natural Resources, where he served as Strategy and Subsurface Manager for Pioneer Water Management. "We are excited to welcome such an experienced water ... The Business Journals  

RPT-COLUMN-Natural gas looks like the IEA's big winner, but threats abound: Russell   Nov 15, 2018
LAUNCESTON, Australia, Nov 15 (Reuters) - There was something for everyone in the International Energy Agency’s (IEA’s) latest world energy outlook, but supporters of coal, renewables, and oil ... Reuters  

Conoco Plans to Start North Sea Asset Sale by Year End   Nov 15, 2018
(Bloomberg) -- ConocoPhillips plans to invite bids by the end of the year for its remaining North Sea assets, which could be valued at up to $3 billion in a sale, according to people with ... Yahoo Finance  

Whiting Petroleum names Noble Energy's Rimer as COO   Nov 15, 2018
Whiting Petroleum (NYSE:WLL) selects former Noble Energy executive Charles Rimer as its new COO effective Nov. 15. Rimer spent 16 years at NBL, mostly recently as Senior VP of Global Services ... Seeking Alpha  

Big Oil’s Latest Cost-Cutting Trick: Re-Use Entire Platforms   Nov 15, 2018
(Bloomberg) -- Oil companies have pushed through draconian cost cuts during the recent industry slump, but they’re not quite done yet. Spain’s Repsol SA unveiled plans to re-use its Gyda platform in Norway’s North Sea on another field, an ... Finance Yahoo  

Pioneer Natural Resources Announces Decommissioning of Brady Sand Mine   Nov 15, 2018
Pioneer Natural Resources Company PXD, +0.25% (“Pioneer” or “the Company”) today announced that it will close its sand mine located in Brady, Texas, and transition proppant supply to West Texas sand sources. The Company expects to wind down ... MarketWatch  

Whiting Petroleum Corporation Names Charles J. Rimer Chief Operating Officer   Nov 15, 2018
Mr. Rimer previously served as Senior Vice President, Global Services for Noble Energy, Inc. In his role as Chief Operating Officer, Mr. Rimer will be responsible for Operations, Drilling ... Yahoo Finance  

Crude Oil Price Update – Market Sitting Inside $58.95 to $54.79 Retracement Zone   Nov 15, 2018
U.S. West Texas Intermediate crude oil futures are trading slightly lower early Thursday. The move comes as a surprise since Wednesday’s American Petroleum Institute’s weekly report showed U.S ... Yahoo Finance  

UPDATE 1-Equinor takes Scatec stake in solar energy push   Nov 15, 2018
Oil and gas firms are rushing to invest in renewable ... “This is in line with our strategy to develop into a broad energy company,” it added. It paid 700 million Norwegian crowns ($82.55 ... Reuters  

Oil steadies but remains threatened by potential supply glut   Nov 15, 2018
LONDON (Reuters) - Oil prices steadied on Thursday, having lost nearly 7 percent over the previous three days, but concern over the prospect of an oversupplied market next year remained in spite ... Reuters  

Xi's Gain Is Prince Mohammed's Pain: Oil Rout Winners and Losers   Nov 15, 2018
Donald Trump wants Saudi Arabia and other oil producers to stay out of the way as oil prices plunge. But the U.S. president isn’t the only leader watching the crude market, as the longest losing streak on record hits economies and tilts political battles ... Bloomberg L.P.  

Russia's oil export duty seen down to $135.1/T in Dec   Nov 15, 2018
MOSCOW, Nov 15 (Reuters) - Russia's oil export duty CL-EXPDTY-RU is expected to fall to $135.1 per tonne in December from $152 per tonne in November, data from the finance ministry showed on Thursday. Reuters  

With 4.6% CAGR, Refinery Catalysts Market is Likely to Grow due to Increased Demand for Cleaner Oil-based Products - TMR   Nov 15, 2018
According to recent report by Transparency Market research (TMR), the global refinery catalysts market is expected to project a highly consolidated competitive landscape in the coming years. Yahoo Finance  

Oil Trades Near $56 as U.S. Inventory Gain Counters OPEC's Plan   Nov 15, 2018
(Bloomberg) -- Oil traded near $56 a barrel after snapping a record losing streak as traders assessed signs of rising U.S. crude inventories against the prospect of OPEC and allies cutting output. Futures in New York fell were little changed after ... Finance Yahoo  

UPDATE 1-UK Stocks-Factors to watch on Nov 15   Nov 15, 2018
OIL: Oil prices slipped on Thursday, weighed down by rising supply going into a market in which consumption is expected to slow down amid a glum economic outlook. * EX-DIVS: Bunzl, Glaxosmithkline, Marks and Spencer , Royal Dutch Shell, J Sainsbury and ... Reuters  

SBM Offshore Third Quarter Trading Update   Nov 15, 2018
Fast4Ward TM, as a product offering, is maturing in the market. It forms the design basis for the second ExxonMobil Liza FPSO project, which is moving from concept to reality and predicated on our ... Yahoo Finance  

Natural Gas Price Prediction – Prices Surge by 17.5% as Short Get Squeezed Out   Nov 15, 2018
Natural gas prices surged higher on Wednesday as it was clear there was substantial short covering pushing prices higher. Volatility in the natural gas market also surged higher. Rumors are that ... Yahoo Finance  

Leduc #1 derrick to return to site of oil discovery   Nov 15, 2018
A south Edmonton landmark is being returned to the site where it made Alberta history. Seventy years ago, a major crude oil reserve was discovered southwest of Edmonton. Named Leduc #1, the site ... CTV Edmonton News  

Oil's Record Plunge Is a ‘Made in America’ Phenomenon, Citi Says   Nov 15, 2018
(Bloomberg) -- American fingerprints are all over oil’s record losing streak that’s plunged prices into a bear market. The State Department’s zigzag on Iran sanctions, President Donald Trump ... Yahoo Finance  

Aramco may list downstream oil assets after acquiring chemical firm SABIC, strategists say   Nov 15, 2018
Saudi Aramco may consider spinning off its growing downstream division, which includes oil refining assets, a business where the oil giant is investing heavily to meet rising fuel demand in Asia, strategists said. Aramco must first complete its planned ... Yahoo Singapore Finance  

Oil's Slide Has Hedging Bet Finally Paying Off for U.S. Drillers   Nov 15, 2018
Concho Resources Inc., meanwhile, has hedged 77 percent of production at an average $55.32 and Pioneer Natural Resources Co. has 81 percent of its barrels covered at $47.22, according to BNEF. “These hedge prices are starting to look competitive ... Bloomberg L.P.  

Oil prices slip on concerns of looming oversupply, economic downturn   Nov 15, 2018
SINGAPORE (Reuters) - Oil prices slipped on Thursday, weighed down by rising supply going into a market in which consumption is expected to slow down amid a glum economic outlook. Front-month ... Reuters  

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