- Joe Barone, Shale Directories
- Blog
- April 19, 2019
Venezuela bypasses U.S. sanctions by selling crude via Russia
Venezuelan President Nicolas Maduro is moving cash from Venezuelan oil sales through Russian state energy giant Rosneft, as he looks to evade U.S.- Joe Barone, Shale Directories
- Blog
- April 18, 2019
Oil prices drop on China growth, lower U.S. crude stockpiles
Crufe oil prices dropped Wednesday after Brent crude hit a 2019 high above $72 a barrel, supported by steady economic growth in China and data showing U.S.- Joe Barone, Shale Directories
- Blog
- April 17, 2019
Golar secures $700M for LNG project
Bermuda-based company Golar announced Tuesday its subsidiary, Gimi MS, received $700 million in financing for a floating liquified natural gas (Flng) project, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- April 16, 2019
U.S. exports 2 Mmbpd of crude in 2018
In 2018, U.S. exports of crude oil rose to 2.0 million barrels per day (Mmbpd) — nearly double the 1.2 Mmbpd rate in 2017 — the Energy Information Administration reports.- Joe Barone, Shale Directories
- Blog
- April 16, 2019
U.S., Brent crudes slip, as Russia talks output hikes
Crude oil prices fell Monday after Russia’s finance minister said Russia and Opec+ may boost production to fight the U.S. for market share, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 15, 2019
WTI, Brent rise on tightening supply perception
Crude oil prices rose last Friday as involuntary supply cuts from Venezuela and Iran, plus conflict across Libya supported the possibility of a tightening crude market, while positive Chinese economic data eased concerns about falling crude demand.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Crude prices fall as Russia suggests it will raise output
Crude oil prices fell Tuesday from five-month highs as Russian comments signaled the possible easing of the Opec+ supply-cutting deal overcame concern violence in Libya could tighten global markets, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 9, 2019
Crude hits 5-month high, as fighting threatens Libyan output
Crude oil prices rose to a five-month high Monday, on expectations for tighter global supply due to fighting in Libya, Opec+-led cuts and U.S.- Joe Barone, Shale Directories
- Blog
- April 8, 2019
Engie, Caisse to buy Petrobras pipe unit for $8.6B
Petroleo Brasileiro SA (Petrobras) agreed to sell its 90% stake in a Brazilian natural gas pipeline company to France’s Engie SA and Canadian pension fund Caisse de Depot et Placement du Quebec for $8.6 billion.- Joe Barone, Shale Directories
- Blog
- April 5, 2019
Brent crude tops $70 for first time since November
Brent crude oil prices Thursday pushed through $70 per barrel for the first time in nearly five months, as expectations of tight global supply outweighed pressure from rising U.S.- Joe Barone, Shale Directories
- Blog
- April 5, 2019
Citing differences, Shell walks away from U.S. refining lobby
Royal Dutch Shell Plc this week said it was leaving a U.S. refining lobbying organization in 2020 because the oil supermajor disagrees with the firm’s climate policy, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- April 3, 2019
Xom weighs sale of Nigerian O&G fields for up to $3B
ExxonMobil has held talks on the sale of a number of oil and gas fields in Nigeria, as the company focuses on developments in the U.S.’s Permian Basin and Guyana, industry and banking sources told Reuters.- Joe Barone, Shale Directories
- Blog
- April 1, 2019
Japanese refiners halt Iran oil imports as waiver draws near
Japanese refineries have stopped importing Iranian oil after buying 15.3 million barrels between January and March ahead of the expiration of a temporary waiver on U.S.- Joe Barone, Shale Directories
- Blog
- March 29, 2019
WTI, Brent crudes shrug off Trump’s Opec tweet
Oil prices settled roughly flat Thursday, recovering from the day’s worst losses that came shortly after President Trump called for Opec to boost crude production to lower prices.- Joe Barone, Shale Directories
- Blog
- March 27, 2019
Crudes rise as supply cuts overcome economic worry
Crude oil rose sharply Tuesday as Opec+ supply cuts and expectations of lower U.S. inventories outweighed concern about weaker demand due to a potential worldwide economic slowdown.- Joe Barone, Shale Directories
- Blog
- March 26, 2019
Kinder Morgan backs out of offshore crude terminal
Houston pipeline operator Kinder Morgan has sold its stake in a proposed offshore crude oil export terminal in the Gulf of Mexico known as Texas COLT, the company confirmed Monday.- Joe Barone, Shale Directories
- Blog
- March 25, 2019
Crude drops from 2019 highs, settles down more than 1%
West Texas Intermediate and Brent crude oils fell more than 1% Friday, slipping further from 2019 highs reached earlier last week.- Joe Barone, Shale Directories
- Blog
- March 22, 2019
Crude settles pennies lower, near 4-month high, as supplies tighten
Crude oil dropped slightly Thursday, but held near 2019 highs, supported by a sharp tightening of global stocks, Opec production cuts and U.S.- Joe Barone, Shale Directories
- Blog
- March 22, 2019
Murphy Oil selling Malaysian portfolio for $2.13B in cash
Murphy Oil Corp. said Thursday a subsidiary has signed a deal to sell its two primary Malaysian subsidiaries to a PTT Exploration and Production Public Company Ltd.- Joe Barone, Shale Directories
- Blog
- March 21, 2019
WTI, Brent crudes settle higher
Crude oil prices rose Wednesday, with U.S. crude topping $60 a barrel for the first time in roughly four months, after government data showed American crude oil inventories plunged.- Joe Barone, Shale Directories
- Blog
- March 20, 2019
Crude oil prices mixed after hitting new 2019 highs
Crude oil prices were little changed Tuesday after hitting 2019 highs earlier in the day, maintaining strength on expectations Opec+ will continue its production cuts.- Joe Barone, Shale Directories
- Blog
- March 19, 2019
Russia will be compliant with cuts within weeks
Russian energy minister Alexander Novak said Sunday his country will be fully compliant with Opec+ supply cuts over the coming weeks. “As far as the meeting is concerned we, of course, discussed the situation with the execution of the agreement (and) we stressed once again that Russia is discharging its obligations in accordance with the agreement to smoothly achieve the target output,” Novak told CNBC, in Baku, Azerbaijan.- Joe Barone, Shale Directories
- Blog
- March 19, 2019
Crude rises, supported by Opec supply cuts
Crude oil prices rose Monday, supported by the possibility of a longer-than-expected Opec+ crude supply cut and indications of inventory declines at Cushing, Oklahoma.- Joe Barone, Shale Directories
- Blog
- March 15, 2019
Crude futures reach four-month highs
Brent and West Texas Intermediate crude oil futures reached four-month highs Thursday, as production cutbacks by Opec+, along with U.S. sanctions on Iran and Venezuela, tightened global supplies.- Joe Barone, Shale Directories
- Blog
- March 15, 2019
Citgo’s new chairwoman reassures O&G industry
Luisa Palacios, Citgo Petroleum’s recently appointed chairwoman, reassured the energy industry this week the Houston-based refiner remains reliable, despite the political and economic crisis that’s crippled its parent, Venezuela’s national oil company, PDVSA.- Joe Barone, Shale Directories
- Blog
- March 12, 2019
BP awards Baker Hughes, McDermott for African natgas project
Oil and gas giant BP Monday awarded underwater equipment contracts to industrial service company Baker Hughes, a GE company (Bhge), and to engineering/procurement/construction/installation firm McDermott International, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- March 11, 2019
Crude falls Friday after anemic U.S. jobs report
Crude oil prices fell last Friday, but managed to recoup most of the losses after plunging on data that showed recent U.S.- Joe Barone, Shale Directories
- Blog
- March 11, 2019
Saudi minister says U.S., China driving oil demand
Saudi oil minister Khalid al-Falih said Sunday China and the U.S. would lead healthy global demand for oil this year, but it would be too early to change Opec+ output policy at the group’s April meeting, Reuters reported.- Joe Barone, Shale Directories
- Blog
- March 7, 2019
Crude oil prices mixed after U.S. crude inventories surge
Crude oil prices were mixed Wednesday, after government data showed a surge in weekly U.S. crude oil inventories, partly offset by a drop in the nation’s inventories of refined petroleum products.- Joe Barone, Shale Directories
- Blog
- March 6, 2019
Crude oil settles mixed
Crude oil prices were mixed Tuesday as Opec-led efforts to tighten supply offset the restart of Libya’s biggest oilfield and possible weaker demand.- Joe Barone, Shale Directories
- Blog
- March 5, 2019
Opec+ drains glut, mission accomplished by April: Goldman
Opec and its allies will probably achieve their goal of draining the crude oil glut while boosting prices by next month, according to Jeff Currie, global head of Commodities Research at Goldman Sachs.- Joe Barone, Shale Directories
- Blog
- March 5, 2019
Crude rises on trade deal hopes, Opec supply cuts
Oil prices rose Monday from last week’s losses, boosted by reports the U.S. and China could soon reach a formal agreement to end a trade war that’s weighed against economic growth.- Joe Barone, Shale Directories
- Blog
- February 28, 2019
Crude oil surges as U.S. crude stocks dive
Crude oil prices jumped more than 1.75% Wednesday after U.S. government data showed an unexpected and sharp drop in U.S. crude inventories.- Joe Barone, Shale Directories
- Blog
- February 28, 2019
Bahrain talking to U.S. oil companies about oil deal
Middle East country Bahrain is talking to U.S. oil companies with shale oil expertise about developing a huge oil and gas field discovered last year, the country’s oil minister said this week.- Joe Barone, Shale Directories
- Blog
- February 27, 2019
Opec ignoring pressure from Trump steadies crude price
Crude oil futures steadied Tuesday as it appears Opec is ignoring President Trump imploring the cartel not to raise prices. Prices slid Monday, after Trump tweeted Opec to hold back on raising prices, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 26, 2019
Marathon signs pact to sell U.K. businesses for $140M
Marathon Oil said Monday the company has entered into a share purchase agreement through its subsidiaries for the sale of its U.K.- Joe Barone, Shale Directories
- Blog
- February 26, 2019
Marathon signs pact to sell U.K. businesses for $140M
Marathon Oil said Monday the company has entered into a share purchase agreement through its subsidiaries for the sale of its U.K.- Joe Barone, Shale Directories
- Blog
- February 26, 2019
Crude drops more than 3% after Trump tells Opec curb prices
Crude oil prices fell more than 3% Monday after President Trump urged Opec via Twitter to lower the cost of crude, putting pressure on the cartel and friends to tone down their price-boosting output cuts.- Joe Barone, Shale Directories
- Blog
- February 26, 2019
Crude drops more than 3% after Trump tells Opec curb prices
Crude oil prices fell more than 3% Monday after President Trump urged Opec via Twitter to lower the cost of crude, putting pressure on the cartel and friends to tone down their price-boosting output cuts.- Joe Barone, Shale Directories
- Blog
- February 21, 2019
U.S., Brent crudes rise to new 2019 highs
Crude oil prices rose Wednesday, hitting their highest marks in 2019, on hopes the market will balance later this year. Crude futures were helped by output cuts from top oil producers, as well as U.S.- Joe Barone, Shale Directories
- Blog
- February 20, 2019
Crude mixed Tuesday, as demand worries weigh
Crude oil prices were mixed Tuesday, but managed to stay around 2019 highs, as concerns about global demand, coupled with uncertainty over the latest round of U.S.-China trade talks, countered investor optimism due to tightening supplies.- Joe Barone, Shale Directories
- Blog
- February 19, 2019
Brent dips, still set for biggest 1st-quarter jump in 8 years
The price of Brent crude oil slipped slightly Monday, but remained on track for its strongest first quarter in eight years, due to growing confidence among investors that Opec’s supply cuts will prevent an oil glut.- Joe Barone, Shale Directories
- Blog
- February 18, 2019
Vineyard proposes 1,200 MW wind farm off New York
Vineyard Wind has submitted a proposal to build offshore wind project Liberty Wind, in New York State, featuring up to 1,200 megawatts of capacity.- Joe Barone, Shale Directories
- Blog
- February 15, 2019
Crude prices climb on U.S.-China trade optimism, Opec cuts
Crude oil prices rose for a third consecutive day Thursday — with Brent crude reaching its highest price through the first seven weeks of 2019.- Joe Barone, Shale Directories
- Blog
- February 14, 2019
Crude prices rise, bolstered by Saudi output cuts
Crude oil prices rose Wednesday after top exporter Saudi Arabia said it would cut crude exports and cut even more from its production, with ever-growing U.S.- Joe Barone, Shale Directories
- Blog
- February 13, 2019
Crude rises as Saudis plan steeper oil supply cuts
Crude oil prices rose more than 1% Tuesday on steep Opec production cuts and Saudi Arabia’s plan to drop March crude output by more than 500,000 barrels per day below its pledged reduction.- Joe Barone, Shale Directories
- Blog
- February 8, 2019
Crude oil plunges, as U.S.-China trade dispute impacts demand outlook
Crude oil prices plunged Thursday as the market weighed concerns global demand growth would fall in 2019. A rebound from late December lows seemed to stall due to worries a trade war between the U.S.- Joe Barone, Shale Directories
- Blog
- February 7, 2019
Crude oil rises Wednesday on tightening supply
Crude oil prices rose Wednesday, helped by signs of strong U.S. demand for distillate products and tightening global crude supply. Gains were capped by a rising U.S.- Joe Barone, Shale Directories
- Blog
- February 7, 2019
Trump touts U.S. as net energy exporter in SOTU, but he’s early
President Trump during Tuesday night’s State of the Union (SOTU) address, touted “a revolution in American energy” that has made the U.S.- Joe Barone, Shale Directories
- Blog
- February 6, 2019
U.S., Brent crudes fall as weak factory data feeds demand angst
Crude oil prices fell in roller coaster trading Tuesday, pulling back from two-month highs after weak U.S. factory orders data revved up economic slowdown worries.- Joe Barone, Shale Directories
- Blog
- February 4, 2019
Crude oil rises on strong U.S. jobs data, sanctions
West Texas Intermediate and Brent crude oil prices rose Friday, after positive U.S. jobs data strengthened expectations for higher fuel demand, plus signs U.S.- Joe Barone, Shale Directories
- Blog
- February 2, 2019
ExxonMobil ramping up Permian production
ExxonMobil is ramping up its Permian Basin production in West Texas and New Mexico, Kallanish Energy reports. It also reported last week its Q4 2018 liquids production was up 4% from one year earlier, driven by Permian production.- Joe Barone, Shale Directories
- Blog
- February 1, 2019
ExxonMobil streamlining upstream organization to assist growth
ExxonMobil said Thursday it will streamline its upstream organization and centralize project delivery companywide to support previously announced plans to double operating cash flow and earnings by 2025.- Joe Barone, Shale Directories
- Blog
- February 1, 2019
Oil surges by double-digit percentages
Crude oil prices surged in January, posting its best January performance in years, breaking a three-month losing streak that saw futures lose nearly half their value.- Joe Barone, Shale Directories
- Blog
- January 31, 2019
GE combining renewable and power grid assets
Beleaguered multinational conglomerate General Electric said Wednesday it will consolidate all of the company’s renewable and power grid assets into a single Renewable Energy business.- Joe Barone, Shale Directories
- Blog
- January 31, 2019
Oil rises on tighter U.S. supply, Venezuela sanctions
Crude oil prices rose Wednesday, boosted by U.S. government data that showed signs of tightening supply, while investors remain concerned about supply disruptions following U.S.- Joe Barone, Shale Directories
- Blog
- January 30, 2019