- Joe Barone, Shale Directories
- Blog
- January 24, 2020
Phillips 66 CEO takes reins of oil and gas trade group API
The CEO and chairman of Phillips 66 has been named chairman of the oil and gas industry’s top trade group, the American Petroleum Institute (API), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 23, 2020
BP pulls out of Iraq’s Kirkuk field as expansion plans stall
BP has pulled out of Iraq’s giant Kirkuk oilfield after its $100 million exploration contract expired with no agreement on the field’s expansion, three sources told Reuters.- Joe Barone, Shale Directories
- Blog
- January 22, 2020
US crude production inches up in new survey
The newest evidence oil and gas production is slowing across the U.S. came Tuesday from the Energy Information Administration. Crude oil production from the U.S.’sWorking-rig count climbs by baker’s dozen
In the last two working-rig surveys, the number of rigs working onshore in the Lower 48 U.S. states has fallen by 13 and,in the latest survey, risen by the same number – the biggest one-week positive move since a 17-rig jump recorded the week ended April 5, 2019.- Joe Barone, Shale Directories
- Blog
- January 17, 2020
Citi believes there’s an ‘ultimate cap’ on oil prices
The cost of producing electricity from solar energy in the last two years has been lower than that of fossil fuels — and that “permanent change” will limit how high oil prices can climb, according to Citibank, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- January 16, 2020
Oil down slightly after US-China trade deal, US product build
Crude oil prices were down slightly Wednesday, pressured early by data showing big increases in U.S. refined products, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 15, 2020
Global oil markets continue to remain roughly balanced
Global oil markets were roughly balanced in 2019, as oil supply declined slightly and global oil consumption grew at its slowest pace since 2011, the Energy Information Administration reported Tuesday in the January Short-Term Energy Outlook (STEO).- Joe Barone, Shale Directories
- Blog
- January 14, 2020
Oil markets will have to rethink global supply predictions
There could be a reworking of oil market expectations regarding an “ample” global oil supply, Bahrain’s oil minister said Monday, despite expectations U.S.- Joe Barone, Shale Directories
- Blog
- January 13, 2020
Crude slips as investors focus on US inventories
Brent crude oil slipped further towards $65 a barrel on Friday as tensions in the Middle East concerning Iran eased as investors focused on rising U.S.- Joe Barone, Shale Directories
- Blog
- January 13, 2020
Aramco raises IPO to record $29.4B by share over-allotment
Saudi Arabia-owned Saudi Aramco said Sunday it had exercised its over-allotment to sell an additional 450 million shares in the oil giant, raising the size of its initial public offering to a record $29.4- Joe Barone, Shale Directories
- Blog
- January 10, 2020
Oil falls as focus shifts from Iran tensions to US crude stocks
Crude oil prices fell further Thursday after sharp losses in the day-earlier session, as the market shifted its focus towards rising U.S.- Joe Barone, Shale Directories
- Blog
- January 10, 2020
Oxy soon to begin cutting jobs post-Anadarko takeover
Occidental Petroleum said Wednesday it would begin cutting personnel in a new cost-cutting move following its $38 billion acquisition of Anadarko Petroleum, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- January 9, 2020
Crude falls after Trump says Iran ‘appears to be standing down’
Crude oil prices continued to fall Wednesday after President Trump said Iran is standing down in the Middle East and the U.S.- Joe Barone, Shale Directories
- Blog
- January 8, 2020
Iran attacks US bases in Iraq
Iran retaliates the killing of Qasem Soleimani by firing more than a dozen ballistic missiles against U.S.-led coalition forces in Iraq, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 7, 2020
US shippers say they overpaid for rail transport, allege price fixing
The petrochemical/refining unit of the French energy major Total has joined 37 other big freight shippers in accusing the U.S.’s four biggest railroads of price fixing by adding fuel surcharges to cargo prices.- Joe Barone, Shale Directories
- Blog
- January 6, 2020
Tenaris closes $1.1B buy of pipemaking rival
Luxembourg-based steel pipe maker Tenaris said last week it’s closed the $1.07 billion acquisition of IPSCO Tubulars from Russian steelmaker TMK, becoming the largest steel pipe maker in North America, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 6, 2020
US O&G M&A poised for recovery: Enverus
A total of $96 billion of U.S. oil & gas merger and acquisition transactions took place in 2019, including $11 billion in the final three months of the year, according to data analytics firm Enverus.- Joe Barone, Shale Directories
- Blog
- January 3, 2020
Pemex’s plan to speed up drilling leads to re-bids
Efforts by Mexico’s national oil company, Pemex, to drill new wells at 20 “priority” fields largely using smaller, local service providers isn’t working, with the company expected to re-bid some of the work this year, Kallanish Energy finds.- Joe Barone, Shale Directories
- Blog
- January 3, 2020
Oxy strengthens board, adds former Schlumberger CEO
Occidental Petroleum added to its board of directors Thursday with the appointment of a former Schlumberger CEO, as Oxy looks to score points with its shareholders after risking its future to buy Anadarko Petroleum for $38 billion in 2019.- Joe Barone, Shale Directories
- Blog
- December 27, 2019
Oil gains 1% on US-China deal expectations
Oil prices rose Tuesday in thin pre-Christmas trading after Russia said cooperation with Opec on supply cuts would continue and amid optimism the U.S.- Joe Barone, Shale Directories
- Blog
- December 23, 2019
Possible drone attacks hit 3 O&G facilities in Syria
Near-simultaneous attacks believed to have been carried out by drones hit three government-run oil and gas installations in central Syria, state TV and the Syrian Oil Ministry said last Saturday.Fracking ban would gut US economy: study
By 2025, the price of gasoline would double and government revenue would plummet by almost $1.9 trillion, according to What If … Hydraulic Fracturing Was Banned?- Joe Barone, Shale Directories
- Blog
- December 19, 2019
Crude Oil down slightly after smaller-than-expected US inventory fall
Crude oil prices slightly fell Wednesday after Energy Information Administration data showed a decline in crude inventories and on expectations for an increase in demand in 2020 due to progress in resolving the U.S.-China- Joe Barone, Shale Directories
- Blog
- December 13, 2019
County plans to fight California’s anti-oil plan
At least one California county is prepared to take on Gov. Newsom and his plan to shrink and possibly phase out California’s oil industry, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- December 12, 2019
EPIC ships 1st crude from Corpus Christi
Texas-based EPIC Crude Holdings said Wednesday one of its subsidiaries has loaded and launched the first shipment of crude oil from the IGC marine terminal, located on the Inner Harbor of the Corpus Christi (Texas) Ship Channel.- Joe Barone, Shale Directories
- Blog
- December 12, 2019
Ironwood Midstream closes South Texas buy
Ironwood Midstream Energy Partners II announced it’s closed on the acquisition of midstream assets located in South Texas from Twin Eagle Gardendale Pipeline LLC, a unit of Twin Eagle Holdings N.A.- Joe Barone, Shale Directories
- Blog
- December 12, 2019
Crude oil falls on surprise US inventory build
Crude oil prices dropped roughly 1% Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a new round of tariffs by Washington on Chinese goods would come into force Sunday.- Joe Barone, Shale Directories
- Blog
- December 11, 2019
Chevron hints at divesting Appalachian assets
Chevron hinted Tuesday its Appalachian shale assets could soon be up for sale, along with other parts of its asset portfolio, as the oil supermajor moves to “invest in the highest return, lowest risk projects … ,” Kallanish Energy reports.- 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- 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- 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- 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.,- 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 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 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- 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
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 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 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