Oil prices steady ahead of U.S. inventory data

Oil prices steady ahead of U.S. inventory data

Brian Krishnan, Reuters: Oil prices steadied on Wednesday after dipping close to two-month lows on bets U.S. government oil inventory data for last week will show drawdowns closer to market expectations. Speculation that the U.S. Federal Reserve will keep interest rates unchanged at the conclusion of its policy meeting later in the day also pared early […]

Exxon unit, SABIC eyeing petrochemical venture on Gulf Coast

Exxon unit, SABIC eyeing petrochemical venture on Gulf Coast

Jordan Blum, FuelFix: Exxon Mobil Corp. and Saudi Arabia’s largest chemical company are considering a partnership to build a major petrochemical complex in either Texas or Louisiana along the Gulf Coast. Exxon and the Saudi Arabia Basic Industries Corp., known as SABIC, announced they’re weighing the venture to take advantage of cheap and abundant natural gas supplies in […]

Oil prices slide on oversupply, economic headwinds

Oil prices slide on oversupply, economic headwinds

Ahmad Ghaddar, Ruters: Oil prices fell on Monday, holding near two-month lows amid worries that a global glut of crude and refined products would weigh on markets for some time. Brent crude futures were trading at $45.34 a barrel at 1149 GMT, down 35 cents from their previous close, while U.S. crude was down 37 cents […]

Commissioner’s Authority Upheld

Commissioner’s Authority Upheld

By: Don Briggs President, Louisiana Oil and Gas Association So many times our companies walk into the courtroom and look at the next few years fly by as they spend their time in painfully draining litigation. However, with the recent refusal by the Louisiana Supreme Court to consider an appeal by St. Tammany Parish and […]

Encouraging signs for oil and gas

Encouraging signs for oil and gas

By Don Briggs President, Louisiana Oil and Gas Association   The last year and a half has brought about vast changes for the global oil and gas market. Prices have fallen from $113 a barrel in 2014 to $27 dollars more recently. However, over the last month we have seen those prices nearly double. This […]

By June 16, 2016 0 Comments Read More →
Coastal litigation unnecessary, “sue-and-settle” tactics inappropriate

Coastal litigation unnecessary, “sue-and-settle” tactics inappropriate

By Don Briggs President, Louisiana Oil and Gas Association   Lawsuits certainly have a way of getting everyone’s attention, especially here in Louisiana. With a well-established reputation as a “judicial hellhole,” our state is known for having a legal system that seems to operate more like a litigation lottery than a network of fair and […]

By May 31, 2016 0 Comments Read More →

Noble’s Gunflint Subsea Development Starts Up In GoM

Velda Addison, E&P: The bounty of oil coming from the U.S. Gulf of Mexico is getting bigger now that Noble Energy Inc. (NYSE: NBL) has started production at its deepwater Gunflint oil development. Located in Mississippi Canyon Block 948, production from the field is expected to reach 20,000 barrels of oil equivalent per day, Noble Energy […]

Oil prices drop to three month low

WWL: Oil prices have fallen to a three month low, in the range of just over $40 a barrel. That’s a 12 percent drop just in July.  Eric Smith, Associate Director of the Tulane Energy Institute, says he expects prices to continue to go up and down. He says there is too much supply to […]

Oil Majors Lost One Engine; Now the Second One Is Sputtering

Javier Blas, Bloomberg: If Big Oil was a two-engine airplane, you could say it’s been flying on a single engine since energy prices crashed in 2014. Now, the second motor is sputtering. The major integrated oil companies, including Exxon Mobil Corp., Total SA and BP Plc, have relied on their so-called downstream businesses, which include refining […]

AFRICA OIL OPERATIONS UPDATE

This post was originally published on this site July 27, 2016 (AOI-TSX, AOI-Nasdaq Stockholm)… Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to report an update on activities in the South Lokichar basin, Kenya.   Drilling Programme Tullow Oil, Maersk Oil, and Africa Oil (the “Joint Venture Partners”) plan to recommence drilling […]

By July 27, 2016 Read More →

Viper Energy Partners LP, a Subsidiary of Diamondback Energy, Inc., Prices Public Offering of Common Units

This post was originally published on this siteMIDLAND, Texas, July 26, 2016 (GLOBE NEWSWIRE) — Viper Energy Partners LP (NASDAQ:VNOM) (“Viper”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), announced today the pricing of Viper’s underwritten public offering of 7,000,000 common units representing limited partner interests at a public offering price of $16.00 per unit. […]

By July 26, 2016 Read More →

Sunrun Partners Offer BrightBox™ Solar Power Plus Energy Storage Systems in Hawai‘i

This post was originally published on this siteSAN FRANCISCO and HONOLULU, July 26, 2016 (GLOBE NEWSWIRE) — Sunrun Inc. (Nasdaq:RUN), the largest dedicated residential solar company in the United States, today announced its partners in Hawai‘i can offer Sunrun BrightBoxTM solar plus energy storage systems and Hawai‘i residents can buy Sunrun BrightBox directly at big box […]

By July 26, 2016 Read More →

Other Recent Articles

Why haven’t oil prices fallen further as hedge funds boost short positions?

John Kemp, Reuters: Hedge funds and other money managers have begun to amass another large short position in futures and options contracts linked to the price of crude oil. But the current wave of short-selling has been associated with a much smaller decline in WTI prices than last summer, at least so far…

Low Oil Prices Kill Off 7 Billion Barrels Of Oil Production

Rakesh Upadhyay, OilPrice.com: Capital expenditure cuts of $150 billion for 2016 and 2017 by U.S. exploration and production companies are expected to result in average production losses of 4.2 million barrels per day in the Lower 48 through 2020, according to Wood Mackenzie. This is not only a trend in the U.S., with upstream companies around the […]

Oil prices mixed as investors weigh latest earnings

Daniel Graeber, UPI: NEW YORK, July 27 (UPI) — Lackluster earnings reports out early Wednesday balanced against assessments on the market trajectory to leave crude oil prices in mixed territory. Hess Corp. and Norwegian energy company Statoil were among those reporting weak results in their latest disclosures. This year saw crude oil prices so far drop below […]