tag:blogger.com,1999:blog-61657682476224176402026-08-09T04:08:52.060-04:00Energy NewsUpdated news and data on oil, oil industry, oil companies, oil leaders, peak oil, oil prices, coal, natural gas, solar, wind, heating oil, energy, electric power companies ...Unknownnoreply@blogger.comBlogger1121125tag:blogger.com,1999:blog-6165768247622417640.post-67912000970864888342017-05-13T14:54:00.001-04:002017-07-26T11:15:48.179-04:00Oil and Gas NewsCrude finds support as crude, gas stockpiles shrink
Schlumberger acquiring majority stake in Eurasia Drilling Company Limited
U.S. energy independence? A way to reach it
Mexico's energy resurgence is real
Trump approves Eni offshore drilling plan in Alaska
Production ramping up as U.S. rig count climbs again
Oil could go through a lot more pain in the near term.
Robots will be the Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-48819400008188521882016-06-22T18:50:00.001-04:002016-06-22T18:50:35.697-04:00BHP Billiton Completing DUC Wells to Boost EarningsBHP Billiton (BHP), in search for increased earnings from existing assets, is looking to its DUC wells to provide a boost.
The natural resources giant has some premium wells it has been sitting on that it can quickly complete and make a profit. It didn't reveal how many wells it has that can generate earnings at about $45 per barrel, but it does have about 1,400 it will complete if the price ofUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-12938460763164905152016-06-22T18:39:00.000-04:002016-06-22T18:39:55.543-04:00Oil Rig Productivity 4X what it was 2 years agoRig productivity may be a game changer very few investors are taking into consideration, as each rig can produce over 4X what it did a couple of years ago, according to Capital Economics.
In 2014 a rig could pump out about 6,000 barrels of oil per day. Today, a new rig can pump out an average of 27,000 barrels per day. That of course doesn't necessarily mean each well can meet the capacity of Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-42758251046819740142016-01-23T18:18:00.004-05:002016-01-23T18:18:43.561-05:00ExxonMobil: Several Things Investors Need to KnowSummaryWhere its strength - as measured against its peers - gives it some strong potential.Refining will struggle to maintain recent past performance.Running leaner should help the company long term.Credit rating and rising cost of capital could be a risk further out.Could political correctness over "climate change" take down Exxon Mobil?Being one of the largest companies in the world and Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-69918160921561524032016-01-23T10:59:00.001-05:002016-01-23T10:59:27.016-05:00Timing of Iran's Oil Exports Not as Important as Some ThinkSummaryProjected increase in demand versus ongoing supply.Beware of temptation to time the oil market.Some considerations on what to look for.Dollar cost averaging versus lump sum investing. Now that the price of oil has plummeted to under $31 per barrel as I write, it's worth taking a look at whether or not it's getting close to consider seriously investing in the commodity, or continue to wait Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-59941006475702494612016-01-23T10:41:00.001-05:002016-01-23T10:41:51.058-05:00Saudi Aramco: What Type of Returns?SummaryLargest IPO in history may be on the horizon.Saudi Arabia looking for revenue alternatives.Even a small part of Saudi Aramco would be huge.A number of variables would determine its attraction to investors, including the stock exchange or exchanges it would be listed on.What this confirms about the oil market and the price of oil. In a recent interview with 'The Economist,' Saudi Arabian Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-27190602402050318942016-01-21T13:11:00.001-05:002016-01-21T13:11:32.364-05:00Oil Price: 2016 won't be good to it
There are a lot of moving pieces with the price of oil, but the bottom line is supply and demand is still the major catalyst for the price movement, and oversupply will continue to be the story throughout 2016, and probably further out.No matter what type of ancillary stories are published in the financial news, investors should almost solely focus on the supply/demand trend. I say solely Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-15095848912903843212015-12-23T23:19:00.002-05:002015-12-23T23:19:44.738-05:00Impetus Behind OPEC's Oil Oversupply Strategy
Current oil price war misunderstood by many.
Maintaining market share isn't the root of the battle.
Why OPEC may never be able to turn off the spigots.
Over the long term, OPEC's loss of market share is foregone conclusion.
If
there wasn't so much at stake for oil investors, it would be amusing to
comment on Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-65067537857283303692015-12-16T18:29:00.000-05:002015-12-16T18:29:16.053-05:00How Bad Can It Get For Shale Oil?SummaryThere is nothing Saudi Arabia or OPEC can do about shale oil over the long term.At best they can only delay the inevitable.Millions of barrels of shale oil will be introduced into the market over the next decade.Companies with shale exposure, over time, will take market share away from OPEC.
From some of the headlines I've read recently, you would think the U.S. shale industry has been Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-31525759658726168152015-12-16T18:22:00.002-05:002015-12-16T18:22:53.576-05:00It's OPEC against OPEC!SummaryOPEC's greatest competitor is now OPEC.The real reason OPEC oil production levels will remain high.What the market is transitioning into.Is a real free market oil industry emerging?
There are a lot of variables behind the reason the price of oil has plunged, as producers ramp up production in an attempt to maintain market share.When Saudi Arabia and OPEC decided to boost production in Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-13459762047788340332015-12-16T17:50:00.003-05:002015-12-16T17:50:37.108-05:00Hope for Oil Price Rebound in 2016 Fading* Outlook for the price of oil in 2016 looks weak.* Why it'll take a lot for competitors to come to a production cut agreement.* U.S. shale will remain resilient, but offshore and Canadian sands will struggle.* There are no visible catalysts to provide support to the price of oil.It's humorous to see headlines in the financial media bleating out the idea that the price of oil is crashing because Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-306716248988257412015-08-06T16:41:00.003-04:002015-08-06T16:41:52.797-04:00Bold Oil Investors Can Make a KillingHeadlines like the one screaming the oil crash has caused losses to date of about $1.3 trillion, should be ignored by those that weren't affected by the disaster, as it has brought about opportunities rarely seen in one's investing lifetime.The demand for oil is never going to go away, and the price it is now at won't remain at that low level for a long period of time. Producers will simply cut Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-6165768247622417640.post-81506609331386854292013-01-03T14:05:00.001-05:002013-01-03T14:05:53.346-05:00Transocean (RIG) Soars on $1.4 Billion Settlement AgreementShares of Transocean (RIG) skyrocketed on the news the company reached a $1.4 billion settlement agreement with the United States Justice Department over the failure of the oil rig - the Deepwater Horizon.
Transocean, which is based in Switzerland, agreed to pay $1 billion in civil penalties and $400 million in criminal penalties. Also according to the court filing, Transocean plead guilty to Unknownnoreply@blogger.com44tag:blogger.com,1999:blog-6165768247622417640.post-24337327468333720792012-11-02T23:59:00.000-04:002012-11-02T23:59:05.208-04:00Exelon (EXC) (BRY) (WPX) (FM) (MTL) (PEC) (PGN) Ratings Changes
Exelon Co. (EXC), Berry Petroleum Comp (BRY), WPX ENERGY INC (WPX), First Quantum Minerals Limited (FM), Mechel (MTL), Porto Energy Corp. (PEC) and Progress Energy (PGN) had ratings on them adjusted by analysts.
Jefferies Group downgraded Exelon Co. (EXC) from a "Buy" rating to a "Hold" rating. They have a price target of $34.00 on the company.
Haywood Securities downgraded First Quantum Unknownnoreply@blogger.com3tag:blogger.com,1999:blog-6165768247622417640.post-9513955388530853782012-09-05T20:46:00.002-04:002012-09-05T20:46:10.791-04:00Oil Stockpiles Drop 7.2 Million BarrelsOil stockpiles in the U.S. plunged 7.2 million barrels last week, according to the American Petroleum Institute, pushing up oil prices for the second day in a row.
The drop in inventories was the most occurring in the U.S. in five weeks.
Hurricane Isaac, according to a report from the Energy Department, could result in a decline of 4.95 million barrels. Just under 50 percent of oil production Unknownnoreply@blogger.com4tag:blogger.com,1999:blog-6165768247622417640.post-8377872604163981172012-07-12T12:37:00.002-04:002012-07-12T12:37:50.584-04:00Oil Supported By QE3 ProbabilityWith most investors believing it's inevitable that Ben Bernanke will institute another round of quantitative easing, it has helped support oil prices which otherwise would probably drop much further than the support it has found in the mid $80 a barrel range.
That has also helped shore up the price of other commodities as well, which would have otherwise plummeted even worse than they have been.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-52322175255354890562012-07-11T22:56:00.000-04:002012-07-11T22:56:07.603-04:00Chevron (CVX) Says Q2 Profits Will Surpass Prior QuarterProfits for the second quarter will surpass the first quarter, according to Chevron Corp. (CVX), citing better margins from its refining operations.
Refining margins climbed higher than the previous quarter, rising to $4 a barrel to $24.89, while West Coast margins rose to $21.32 a barrel
Oil and gas production in the U.S. also improved for the quarter, jumping an average of 665,000 barrels Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-12071334097024073402012-06-25T17:31:00.000-04:002012-06-25T17:31:12.151-04:00Buy Encana (ECA) Says NennerIn an interview on Breakout, Charles Nenner gave his input on the price movements of oil and natural gas, where he sees the recent roles being reversed as oil continues to drop in price while natural gas has jumped from $1.80 about a month ago to $2.70 now. Nenner was very close to calling that exact, where he saw natural gas dropping to $1.70 before it rebounded.
From the end of April, oil hasUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-42345289864622923102012-06-22T15:07:00.002-04:002012-06-22T15:07:44.929-04:00Key Energy (KEG) (BCEI) (CLD) (SYRG) (WFT) (PGH) Ratings, Price TargetsKey Energy (KEG), Bonanza Creek Energy Inc (BCEI), Cloud Peak Energy (CLD), Synergy Resources (SYRG), Weatherford (WFT) and Pengrowth Energy Trust (PGH) had ratings and price targets on them adjusted by analysts.
Wunderlich Securities initiated coverage on Bonanza Creek Energy (BCEI). They placed a "Buy" rating and price target of $29.00 on the company.
JPMorgan Chase (NYSE:JPM) Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-83223698090441617742012-06-01T08:01:00.000-04:002012-06-01T08:01:00.548-04:00Exxon (XOM) Receives Approval for HebronExxon Mobil (NYSE: XOM) received approval from Labrador Offshore Petroleum Board and Newfoundland to proceed with plans to develop the Hebron oil field. The field is located off Newfoundland, Canada. Partners with Exxon in the endeavor include Chevron (NYSE: CVX), with a 26.7 percent interest; Suncor Energy (NYSE: SU), with 22.7 percent; and Statoil ASA (NYSE: STO), with 9.7 percent. Exxon has a Allenhttp://www.blogger.com/profile/14571642682593525295noreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-69059048843518029052012-05-21T11:35:00.000-04:002012-05-21T11:35:12.617-04:00Chesapeake (CHK) (XOM) (CVX) Climb on Oil Prices, Natural Gas DemandA number of energy companies enjoyed moves into positive territory today, including Chesapeake Energy (CHK), Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX), which were all up on stronger oil prices and a perceived increase in demand for natural gas as a streak of warmer weather approaches.
Shares of energy companies have been getting hit hard as of late, with 12 of the last 13 trading session hasRayhttp://www.blogger.com/profile/12680241733181670190noreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-55144428507067979802012-05-18T18:32:00.001-04:002012-05-18T18:32:49.833-04:00Peabody Energy (BTU) Leases Over 400 Million Tons of CoalThe bid by Peabody Energy Corp. (NYSE: BTU) of $1.11 per mineable ton of sulfur coal was enough to land it control over 402 million tons of ultra low sulfur coal reserves located in Wyoming.The leased tons are in Southern Powder River Basin in Wyoming, which is next to the North Antelope Rochelle Mine the coal giant operates.Also close to the mine is the North Porcupine region which Peabody will Allenhttp://www.blogger.com/profile/14571642682593525295noreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-68045827849162251742012-05-17T16:09:00.001-04:002012-05-17T16:09:40.239-04:00Chesapeake (CHK) Abandoned by Major Investment FundsAccording to regulatory filings, Chesapeake Energy Corp. (NYSE: CHK) has had a number of investment funds funds sell off huge portions of their stakes in the company.
Chesapeake has been under fire and pressure for a long time on the outrageous amount of debt it has incurred, resulting in the need to either sell of quality assets at below market levels, or to tap into more debt in hopes of Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-72348698084283591072012-05-17T13:14:00.000-04:002012-05-17T13:14:30.667-04:00Fracking Banned in Irrelevant VermontIn a bizarre and ignorant move by Democrat Gov. Peter Shumlin of Vermont, he signed a strange law which bans hydraulic fracturing in the state, even though there is pretty much no known gas or oil underneath the Vermont ground.
The law is strange for that very reason, as the nutty governor added this: "I hope other states will follow us. The science on fracking is uncertain at best. Let the Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6165768247622417640.post-12914217209689350062012-05-16T17:39:00.000-04:002012-05-16T17:39:12.826-04:00Horizontal Drilling Bill Approved by Ohio SenateNew rules for horizontal drilling in Ohio has been approved by the Senate on a bipartisan basis.
This is in response to those who are attempting to slow down drilling in shale in the eastern part of the United States, which would devastate the extraordinary potential for enormous energy deposits, as well as the creation of numerous, good-paying jobs.
Some of the requirements of the bill includeUnknownnoreply@blogger.com0