- Joe Barone, Shale Directories
- Blog
- December 11, 2019
XOM beats New York’s climate-change accounting case
New York state’s Attorney General failed to prove ExxonMobil (XOM) mislead shareholders over the true cost of climate change, a judge ruled Tuesday, ending the supermajor’s four-year battle against the state, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 11, 2019
Oil rises, but US-China trade war impacts outlook
Crude oil prices slightly rose Tuesday as Opec+’s deal last week to raise output cuts in 2020 continued to provide a floor for prices.- Joe Barone, Shale Directories
- Blog
- December 10, 2019
Ecuador inks service pacts for 6 oilfields
Ecuador’s state-owned oil company, Petroamazonas, has signed service contracts worth $1.62 million for the development of six onshore oilfields in the Orellana, Napo and Sucumbios provinces, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 10, 2019
O&G down, but certainly not out
It’s not hard to miss the signs: * The onshore Lower 48 U.S. states working-rig count has dropped more than 26% since the first week of 2019.US working-rig count continues to slip
The number of rigs working onshore in the Lower 48 U.S. states last week fell by three for the second straight week, data from Baker Hughes Co.’s weekly rig survey reveals.- Joe Barone, Shale Directories
- Blog
- December 9, 2019
US crude posts best week since June, on Opec+ news
Crude oil rose Friday as Opec+ agreed to raise production cuts another 500,000 barrels a day through March 2020, bringing total production cuts to 1.7 million barrels a day, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 8, 2019
US working gas in storage falls for 3rd straight week
The volume of working natural gas pulled from storage in the latest Energy Information Administration weekly survey dropped for the third consecutive week.- Joe Barone, Shale Directories
- Blog
- December 5, 2019
US crude stockpiles fall for 1st time in 6 weeks
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) for the week ended Nov. 29, fell by 4.9 million barrels (Mmbbl) from the previous week, the Energy Information Administration reported Wednesday.- Joe Barone, Shale Directories
- Blog
- December 5, 2019
Oil up on eve of Opec meeting
Crude oil gained roughly 4% Wednesday, as a larger-than-expected drop in U.S. inventories and hopes of deeper production cuts from Opec+ lifted prices, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 4, 2019
Oil up and down prior to Opec meeting
Crude oil moved along a bumpy price track Tuesday ahead of Opec’s bi-annual meeting, which kicks off Thursday in Vienna, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 3, 2019
Sabine O&G completes sale to Osaka Gas USA
Sabine Oil & Gas Holdings said Monday it’s closed the sale of its subsidiary, Sabine Oil & Gas Corp. to Osaka Gas USA Corp., parent company Osaka Gas’s first move into U.S.- Joe Barone, Shale Directories
- Blog
- November 29, 2019
Cowboys owner looks to score big in the Haynesville
Jerry Jones, owner/general manager of the National Football League’s Dallas Cowboys, has taken a fancy to Louisiana’s Haynesville Shale, calling it the best play for low-cost hydrocarbons and that he’s hunting for more acreage there.- Joe Barone, Shale Directories
- Blog
- November 29, 2019
Steel players in energy face challenging 2020
The new year will likely be challenging for steel players in the energy sector, market sources tell Kallanish, sister publication of Kallanish Energy.- Joe Barone, Shale Directories
- Blog
- November 28, 2019
NA, Asia to contribute 55% of new trunk line length
North America and Asia are projected to dominate global oil and gas new-build pipeline length additions, according to data and analytics company GlobalData.- Joe Barone, Shale Directories
- Blog
- November 27, 2019
US energy-related CO2 emissions rose in 2018
Total U.S. energy-related carbon dioxide emissions in 2018 rose to 5.27 billion metric tons, 2.7% more than its 2017 level, the Energy Information Administration reports.- Joe Barone, Shale Directories
- Blog
- November 27, 2019
Oil gains as optimism rises on US-China talks
Crude oil prices slightly rose Tuesday after news U.S. and Chinese officials had discussed trade, while predictions for a weekly draw on U.S.- Joe Barone, Shale Directories
- Blog
- November 26, 2019
Oil rises as traders bet on trade deal, economic rebound
Crude oil rose Monday after posting three straight weeks of gains, nudged higher by positive comments from the U.S. and China rekindled hopes in global markets the world’s two largest economies could soon sign an interim deal to end their trade war.- Joe Barone, Shale Directories
- Blog
- November 22, 2019
Crude jumps on hopes of longer Opec cuts
Crude oil prices rose more than 2% Thursday, following a Reuters report Opec+ members are likely to extend output cuts until mid-2020, while new signs emerged China had invited U.S.- Joe Barone, Shale Directories
- Blog
- November 22, 2019
XOM raises assets sales with $25 billion plan: sources
ExxonMobil (XOM) is enlarging its biggest asset sale in decades, with plans to divest up to $25 billion of gas and oilfields in Europe, Asia and Africa, banking sources told Reuters.- Joe Barone, Shale Directories
- Blog
- November 21, 2019
US crude inventories rise for 4th straight week
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) for the week ended No. 15, increased by 1.4 million barrels from the previous week – the fourth consecutive week of increases, but the smallest of the four, Kallanish Energy calculates.- Joe Barone, Shale Directories
- Blog
- November 21, 2019
Crude up on smaller-than-expected US inventory build
Crude oil prices moved into the black Wednesday, reversing two days of losses, following a smaller-than-expected build in U.S. inventories, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 20, 2019
Oil falls sharply on oversupply fears, trade talk concerns
Crude oil fell more than 2.5% Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 18, 2019
Noble drops-down midstream assets for $1.6B
Independent producer Noble Energy said Friday after concluding its midstream review, it will retain and increase its ownership in Noble Midstream Partners (NBLX), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 15, 2019
Crude falls on larger-than-expected US inventory
Crude oil prices fell Thursday as U.S. crude futures were squeezed by a build in domestic inventories and record production, while forecasts from Opec for a lower-than-expected oil surplus supported Brent.- Joe Barone, Shale Directories
- Blog
- November 15, 2019
US crude inventories continue climbing
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.2 million barrels during the week ended Nov.- Joe Barone, Shale Directories
- Blog
- November 14, 2019
Carbo Ceramics issues ‘going concern’ warning
Chesapeake Energy wasn’t the only energy-related company last week to warn it may fail as a going concern, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- November 13, 2019
Crude prices rise on no news on trade talks
Crude oil prices rose roughly 1% Tuesday following a speech from U.S. President Trump that offered few new details about Washington’s trade talks with Beijing, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 12, 2019
Oxy looking to sell Wyoming, Colorado assets: sources
Occidental Petroleum Corp is soliciting bids for oil and gas properties in Wyoming and Colorado acquired when it purchased Anadarko Petroleum, hoping the assets will bring up to $700 million, people familiar with the matter told Reuters.- Joe Barone, Shale Directories
- Blog
- November 12, 2019
Outside activists threatening energy industry: CEA
Well-funded, out-of-state activists are threatening Oklahoma’s oil and gas resources and pipeline network, a consumer energy group warned in a recent report, CNHI News Service reported.- Joe Barone, Shale Directories
- Blog
- November 11, 2019
Aramco will offer less than 1% of shares to individuals
Saudi Aramco will sell up to 0.5% of its shares to individual investors in what could be the largest initial public offering in history, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 8, 2019
US line pipe drops again in October
US line pipe prices declined again in October, Kallanish learns from market observer Pipe Logix. Average US line pipe prices fell in October to $1,565/short ton, down -1.1% from September.- Joe Barone, Shale Directories
- Blog
- November 8, 2019
Oil jumps on hopes for US-China trade deal
Brent and West Texas Intermediate crudes rose Thursday after China hinted at progress towards a trade deal with the U.S., raising hopes for an end to a dispute that’s weighed on economic growth and fuel demand in both countries.- Joe Barone, Shale Directories
- Blog
- November 8, 2019
Equinor sells Eagle Ford assets in $325M deal
Equinor has agreed to sell to Repsol its 63% interest in, and operatorship of, its onshore business in the Eagle Ford Shale play in South Texas, for $325 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 7, 2019
Cause of Philly refinery fire causes concern over other facilities
Safety experts and activists are asking numerous questions concerning the fire which devastated the U.S. East Coast’s largest and oldest refinery, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- November 7, 2019
XOM, FuelCell expand carbonate fuel cell pact
ExxonMobil (XOM) and FuelCell Energy said Wednesday they’ve signed a new, two-year, expanded joint-development agreement to further enhance carbonate fuel cell technology, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 6, 2019
Oil gains on trade deal hopes, better demand outlook
Crude oil prices rose more than 1% Tuesday on hopes for a U.S.-China trade agreement and optimism Washington could roll back some of the tariffs it has imposed on Chinese imports, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- November 6, 2019
ICD admits receiving NYSE non-compliance letter
Onshore drilling service provider Independence Contract Drilling (ICD) said Tuesday it received written notification from the New York Stock Exchange that as of Nov.- Joe Barone, Shale Directories
- Blog
- November 5, 2019
Weak market anchors US energy tube pricing
US energy tubular pricing remains pressured on nearly all fronts, with the sole exception of rising hot-rolled prices, Kallanish learns. Several market sources predict that the US rig count will eventually fall below 800 and hover for the majority of 2020.- Joe Barone, Shale Directories
- Blog
- November 5, 2019
7 BBbls of oil found in new Abu Dhabi reserves
The UAE’s Supreme Petroleum Council Monday announced a new pricing mechanism for Abu Dhabi National Oil Co. (Adnoc) Murban crude oil, which will be listed on “an exchange,” the Gulf News Web Report reported.XOM says banning fracking will aid foreign producers
Banning hydraulic fracturing in the U.S. will aid foreign oil producers at the expense of the American economy, an ExxonMobil (XOM) executive said Friday.- Joe Barone, Shale Directories
- Blog
- November 4, 2019
Weatherford inks 2 pacts in Russia valued at $67M
Oilfield services firm Weatherford International Plc last week announced it’s signed two contracts totaling $67.4 million for drilling services with two unnamed operators in Russia, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 1, 2019
Big oil, big corn both blast Trump biofuel plan
Corn farmers, ethanol producers, refinery representatives, energy traders and state and local officials from the Midwest all blasted the Trump administration’s proposed biofuels plan for next year during a public hearing Wednesday, hosted by the U.S.- Joe Barone, Shale Directories
- Blog
- November 1, 2019
XOM didn’t deceive investors on climate change: Tillerson
ExxonMobil’s leadership tried to understand how new climate regulations would impact the supermajor’s bottom line, former CEO and ex-Secretary of State Rex Tillerson told a court Wednesday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 31, 2019
Oil industry veteran Keenan resigns from Apache
Oil and gas industry veteran Steven Keenan, who is credited with the Alpine High shale discovery for Apache Corp, resigned from his position as senior vice president of Worldwide Exploration, the company said.- Joe Barone, Shale Directories
- Blog
- October 31, 2019
Years of offshore investments could be worthless: Rystad
International E&P companies are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 30, 2019
US crude inventories jump
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) for the week ended Oct. 25, increased by 5.7 million barrels from the previous week, the Energy Information Administration reported Wednesday.- Joe Barone, Shale Directories
- Blog
- October 30, 2019
Pemex posts $4.6B loss on sagging exports, domestic sales
Mexico’s state-run oil company Petroleos Mexicanos, or Pemex, reported year-on-year production was down 2.9%, but posted a huge $4.6 billion third-quarter loss due to sagging exports and domestic sales, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- October 30, 2019
Aramco to begin planned IPO on Nov. 3: sources
Saudi Aramco aims to announce the start of its initial public offering on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure anchor investors.- Joe Barone, Shale Directories
- Blog
- October 29, 2019
EPD’s oil pipeline system expansions to add 900,000 Bpd
Enterprise Products Partners (EPD) said Monday it expects its Midland-to-ECHO 3 and 4 Permian crude pipeline system expansions each will add roughly 450,000 barrels per day of additional capacity, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 29, 2019
Crude oil futures fall, after strong week
Crude oil futures settled lower Monday, falling after last week’s strong climb lifted crude prices to a one-month high, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 28, 2019
Trump wants deal with XOM, or others to tap Syrian oil
President Trump said Sunday he’s interested in making a deal with ExxonMobil or another producer to tap Syrian oil reserves, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 27, 2019
Oil prices clock strong weekly gains
Crude oil prices rose Friday, registering the strongest weekly gains in more than a month, Kallanish Energy reports. The gains were due from optimism over a U.S.-China trade deal, falling U.S.- Joe Barone, Shale Directories
- Blog
- October 27, 2019
Revenue from public lands drilling up by 33% in 2018
Revenue collected and dispersed assets from energy production on public lands rose by billions in Fiscal Year 2019, according to new data released last week by the U.S.- Joe Barone, Shale Directories
- Blog
- October 25, 2019
Oil prices slip on weak demand outlook weighs on market
Crude oil prices fell Thursday amid persistent concerns about a weak demand outlook, after posting sharp gains in the previous session following a surprise crude oil inventory drawdown in the U.S., Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 24, 2019
Trump hails shale drilling, US energy industry
PITTSBURGH, Pennsylvania — President Trump Wednesday celebrated a love-in in the Appalachian Basin. The president delivered a 64-minute salute to shale drilling and the U.S.- Joe Barone, Shale Directories
- Blog
- October 24, 2019
Crude futures rally following US inventory draws
Crude oil futures rose Wednesday after the Energy Information Administration reported draws in crude and refined products inventories for the first time in five weeks, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 23, 2019
Oil prices climb as Opec+ mulls deeper output cuts
Crude oil prices rose slightly Tuesday after China signaled progress in trade talks with the U.S. and Opec+ mulled deeper production cuts, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 23, 2019
U.S. extends Venezuelan license for Chevron, OFS firms
U.S. supermajor Chevron and four oilfield services (OFS) firms are authorized to continue operations in Venezuela through Jan. 22, 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 22, 2019