Category: Oil & Gas

Tanker’s U-Turn Shows How Shale Is Changing World Gas Trade

A cargo of chilled natural gas hauled from Louisiana in late December has become a symbol of how global trade is changing for a fuel increasingly seen as a cheap, cleaner-burning option for countries from Latin America to China and India. The tanker Maran Gas Achilles passed through the Panama Canal and was headed toward Asia at a speed of 20 knots when, suddenly, it made a sharp u-turn in the Pacific.

Oil to Hit $40 If OPEC Fails to Expand Cuts, Pioneer Says

Oil prices will tumble to $40 a barrel if OPEC doesn’t extend its pact later this year to cut output, according to one of the most prominent producers in the shale patch. U.S. shale drillers are keeping an eye on the second half of the year to see if OPEC and non-OPEC members extend their agreement, which lasts through June, to reduce production by 1.8 million barrels a day, Scott Sheffield, chairman of Irving-based Pioneer Natural Resources Co., said Tuesday in an interview at the CERAWeek industry conference held by IHS Markit in Houston.

Tanker’s U-Turn Shows How Shale Is Changing World Gas Trade

A cargo of chilled natural gas hauled from Louisiana in late December has become a symbol of how global trade is changing for a fuel increasingly seen as a cheap, cleaner-burning option for countries from Latin America to China and India. The tanker Maran Gas Achilles passed through the Panama Canal and was headed toward Asia at a speed of 20 knots when, suddenly, it made a sharp u-turn in the Pacific.

Canada’s Fading Oil Promise Leaves U.S. Majors Struggling

Oil-sands investments in Western Canada that gobbled tens of billions of dollars over the past decade are proving an Achilles heel for some of the world’s biggest energy producers. Exxon Mobil Corp. slashed proved reserves the most in its modern history after removing the entire $16 billion, 3.5-billion-barrel Kearl oil-sands project from its books on Wednesday.

Exxon Caves to Oil Crash With Historic Global Reserves Cut

Exxon Mobil Corp. disclosed the deepest reserves cut in its modern history as prolonged routs in oil and natural gas markets erased the value of some North American fields. The equivalent of about 3.3 billion barrels of untapped crude was removed from the so-called proved reserves category in Exxon’s books, the Irving, Texas-based explorer said in a statement.

Data breach at Arby’s reportedly was first sniffed out by PSCU

Arby’s Restaurant Group, Inc. said in a statement to USA TODAY that it had recently launched an investigation of its payment card systems after learning of a possible data breach. The Atlanta-based Arby’s said it notified law enforcement and brought in leading security experts to investigate malware found on its point-of-sale system.

India’s Petronet to cut spot LNG cargo purchases in FY 18

Feb 9 India’s biggest gas importer Petronet LNG will cut spot purchases of liquefied natural gas in the next fiscal year as it is getting supplies under a long-term deal with Exxon Mobil Corp for imports from Australia’s Gorgon project, the company’s chief executive Prabhat Singh said on Thursday. Separately, Petronet LNG’s head of finance, RK Garg, said the second LNG cargo from Gorgon is expected to arrive in March.

Security Boosted at Oil Fields to Raise South Sudan Output

South Sudan said it boosted security at oil installations and will source electricity from neighboring Sudan to resume output at two fields in efforts to restore production to levels achieved before the country descended into civil war. The government is also in talks with oil companies including Total SA of France, and Oriental Energy Resources Ltd. of Nigeria to begin exploration in Block B, the country’s largest untapped deposit, Petroleum Minister Ezekiel Lul Gatkuoth said in an interview Monday in the capital, Juba.

3 Small-Cap Stocks to Buy in February

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As Sun Sets on Canada Energy, Grafton Eyes Renewables

Grafton Asset Management Inc., a firm that has brought foreign investment into Canada’s oil and gas industry, is looking to add alternative energy to its portfolio for the first time as it positions itself for the decline of fossil fuels. “I’m worried about the future of the industry in general,” Geeta Sankappanavar, president and chief operating officer of the Calgary-based investment firm, said in a phone interview on Tuesday.

All U.S. ambassadors directed to quit by Jan. 20

Ambassadors in some of the most desirable foreign capitals such as London and Paris have been told they must end their service immediately on Jan. 20, with “no exceptions,” State Department officials confirmed Thursday. The unusually stern and specific directive to “political” ambassadors – often presidential donors and friends – came at the behest of the incoming Trump administration, two officials said.

Iran Qualifies CNPC to Total for Bidding on Oil and Gas Projects

Iran qualified 29 international oil companies to bid in upcoming tenders for crude and natural gas development projects as the Persian Gulf state seeks investment in energy. China National Petroleum Corp., Royal Dutch Shell Plc and Total SA are among the companies that will be invited to bid in tenders, according to a list published Monday on the website of state producer National Iranian Oil Co.

Asia-Pacific IPO market to rebound from weak 2016 on China financial deals

Share sales in Asia ex-Japan are set to rebound in 2017 from three-year lows this year, driven by listings of financial firms in Greater China, including the world’s biggest fintech IPO, and a further revival of offerings in India, bankers and investors said. [HONG KONG] Share sales in Asia ex-Japan are set to rebound in 2017 from three-year lows this year, driven by listings of financial firms in Greater China, including the world’s biggest fintech IPO, and a further revival of offerings in India, bankers and investors said.

Tillerson Climate-Change Testimony Set Before Trump Sworn In

Lawyers for teenagers claiming the U.S. government failed to protect the environment from global warming plan to question under oath President-elect Donald Trump’s pick for secretary of state on his knowledge of climate change. Exxon Mobil Corp. Chief Executive Officer Rex Tillerson’s testimony, set for the day before the Jan. 20 inauguration, is being sought by lawyers representing 21 children and teenagers seeking to prove that oil and gas industry groups “have known about the dangers of climate change since the 1960s and have successfully worked to prevent the government” from taking action.

Tillerson Climate-Change Testimony Set Before Trump Sworn In

Lawyers for teenagers claiming the U.S. government failed to protect the environment from global warming plan to question under oath President-elect Donald Trump’s pick for secretary of state on his knowledge of climate change. Exxon Mobil Corp. Chief Executive Officer Rex Tillerson’s testimony, set for the day before the Jan. 20 inauguration, is being sought by lawyers representing 21 children and teenagers seeking to prove that oil and gas industry groups “have known about the dangers of climate change since the 1960s and have successfully worked to prevent the government” from taking action.

Stanford scientists see big potential for tiny wires

Assembled with the help of diamondoids, the microscopic nanowires can be seen with the naked eye because the strong mutual attraction between their diamondoid shells makes them clump together, in this case by the millions. At top right, an image made with a scanning electron microscope shows nanowire clusters magnified 10,000 times.

Press release distribution, EDGAR filing, XBRL, regulatory filings

Le chiffre d’affair… IMPORTANT INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against Rent-A-Center, Inc. and Encourages Investors with Losses to Contact the Firm )–Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Rent-A-Center, Inc. –Kahn Swick & Foti, LLC and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests tha… )–Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC , announces that KSF has commenced an … TARO 72 HOUR DEADLINE ALERT: Approximately 72 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors of Deadline in Class Action Lawsuit against Taro Pharmaceutical Industries Ltd. TARO )–Deutsche Asset … (more)

Press release distribution, EDGAR filing, XBRL, regulatory filings

Le chiffre d’affair… IMPORTANT INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit against Rent-A-Center, Inc. and Encourages Investors with Losses to Contact the Firm )–Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Rent-A-Center, Inc. –Kahn Swick & Foti, LLC and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests tha… )–Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC , announces that KSF has commenced an … TARO 72 HOUR DEADLINE ALERT: Approximately 72 Hours Remain; Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors of Deadline in Class Action Lawsuit against Taro Pharmaceutical Industries Ltd. TARO )–Deutsche Asset … (more)