Gulf rig count remains steady

Gulf rig count remains steady

The Gulf of Mexico rig count remained steady last week as the U.S. count continues to rise. The Gulf rig count, a key barometer for Houma-Thibodaux’s oil-based economy, stood at 17 Friday, according to weekly figures from Houston-based oilfield-services company Baker-Hughes. The count remains the same from last week, but is down 10 from the […]

By February 27, 2017 0 Comments Read More →
As Bayou Bridge Pipeline draws protests, northeast Louisiana project moves forward: report

As Bayou Bridge Pipeline draws protests, northeast Louisiana project moves forward: report

As the emotional fight against the proposed Bayou Bridge Pipeline continues, a planned expansion of a natural gas pipeline in northeast Louisiana is set to begin with barely a word of protest. Work on the $170 million expansion, known as the Southwest Louisiana Supply Project, is set to begin as soon as March 1, according […]

By February 24, 2017 0 Comments Read More →
Groundhog Day: Louisiana’s Endless Budget Battle

Groundhog Day: Louisiana’s Endless Budget Battle

Well, it’s a new year here in Louisiana, but not much has changed. A new year means another budget deficit, which means yet another legislative rumpus over who and or what will foot the bill. Last year it was approximately a $940 million budget shortfall. This year it is a $304 million mid-year deficit, and […]

By February 23, 2017 0 Comments Read More →
Groundhog Day: Louisiana’s Endless Budget Battle

Groundhog Day: Louisiana’s Endless Budget Battle

Well, it’s a new year here in Louisiana, but not much has changed. A new year means another budget deficit, which means yet another legislative rumpus over who and or what will foot the bill. Last year it was approximately a $940 million budget shortfall. This year it is a $304 million mid-year deficit, and […]

By February 23, 2017 0 Comments Read More →
Briggs: Trump assembles the oil and gas dream team

Briggs: Trump assembles the oil and gas dream team

The 45th president has officially taken office, and now he begins the task of fulfilling the many promises made during his campaign to put American energy first. Everyone is keeping a close eye on the new administration and what it means for the oil and gas industry. Trump’s first days have offered some sense of […]

By February 14, 2017 0 Comments Read More →
BRIGGS: Pipelines, Trains And Automobiles

BRIGGS: Pipelines, Trains And Automobiles

First it was Keystone, then it was Dakota. One pipeline after the next has become the focal point of environmental and anti-fossil fuel organizations across the nation. The bad news is that this fight has found its way to our very own backyards of south Louisiana over the Bayou Bridge Pipeline. These out of state […]

Russia’s oil major reveals oil price per barrel that will suit everyone

The oil price of $60 per barrel is suitable for consumers and for producers, Gazprom Board Chairman Viktor Zubkov told TASS in an interview on Monday. “Calculations show that if OPEC countries abide by and do not violate the agreement [on oil production limiting – TASS], then the oil price may even grow to $60 […]

By February 27, 2017 0 Comments Read More →

OPEC chatter again sparks a rally

Investors on Monday focused more on OPEC possibilities than real-time trends elsewhere to send crude oil prices sharply higher in early trading. Crude oil prices moved lower Friday after reports from the United States showed dramatic increases in oil exports and a move back above 9 million barrels per day in total production. Shale oil production is […]

By February 27, 2017 0 Comments Read More →

How Will Rise in US Crude Oil Inventories Affect Prices?

According to the EIA’s (Energy Information Administration) report on February 22, 2017, US crude oil inventories rose 0.56 MMbbls (million barrels) in the week ended February 17, 2017, as compared to the expected rise of 3.5 MMbbls and a rise of 9.5 MMbbls the previous week. On February 22, 2017, the United States Oil Fund […]

By February 27, 2017 0 Comments Read More →

Martin Midstream Partners L.P. Announces 2016 K-1 Tax Packages Now Available

This post was originally published on this siteKILGORE, Texas, Feb. 27, 2017 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (NASDAQ:MMLP) (the “Partnership”) announced today that the Partnership’s 2016 tax packages, which includes Schedule K-1, are now available to download from the Partnership’s website and may be accessed at https://www.taxpackagesupport.com/martinmidstream. The Partnership will begin mailing the […]

By February 27, 2017 Read More →

TransAtlantic Petroleum Announces Closing of TBNG Sale and Presentation at EnerCom Dallas

This post was originally published on this siteHAMILTON, Bermuda, Feb. 24, 2017 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX:TNP) (NYSE-MKT:TAT) (the “Company” or “TransAtlantic”) today announced the closing of the sale of its wholly-owned subsidiary, Thrace Basin Natural Gas (Turkiye) Corporation (“TBNG”), to Valeura Energy Netherlands B.V. (“Valeura”).  The Company also announced that it will […]

By February 24, 2017 Read More →

Robix Clarifies Terms of Agreement With Small Cap Invest Ltd.

This post was originally published on this siteLETHBRIDGE, Alberta, Feb. 24, 2017 (GLOBE NEWSWIRE) — Robix Environmental Technologies, Inc. (“Robix” or the “Corporation”) (CSE:RZX) (Frankfurt:R0X) (OTC:ROBXF) wishes to clarify the terms of agreement in reference to the announcement dated February 23rd, 2017 that Robix has retained Small Cap Invest Ltd. (”SCI”), a Frankfurt-based business development […]

By February 24, 2017 Read More →

Other Recent Articles

While E&Ps sleep!

In a previous article I highlighted what I will refer to as the “Tillerson Paradox” – namely the recognition that oil & gas are likely to remain a dominant component of energy supply for decades to come and yet accepting that carbon emissions (CO2 and CH4) are almost certainly impacting our planet. I noted that […]

By February 27, 2017 0 Comments Read More →

A Closer Look At Kinder Morgan’s Results For Q4 2016

Adjusted EBDA declined 6.2% in 4Q16 and 3.7% in 2016, mostly due to sharply lower gas-gathering volumes and crude/condensate gathering volumes. Cash generated by operating activities declined 28.1% in 4Q16 and 9.7% in 2016; consequently, reported and sustainable DCF were also lower. Management‘s 2017 guidance indicates no substantial improvement over 2016 in terms of Adjusted […]

By February 27, 2017 0 Comments Read More →

Oil ticks up on supply cuts, but rising US output caps gains

Oil prices rose on Monday as investors showed record confidence in prices rising further, though gains were capped by the prospect of faster growth in U.S. oil production. Brent crude oil rose 58 cents to $56.57 a barrel by 1433 GMT, while U.S. West Texas Intermediate added 47 cents to $54.46. Investors raised their bets […]

By February 27, 2017 0 Comments Read More →