LNG engineering, procurement and construction firms face difficult market in short to medium-term The LNG construction industry has enjoyed a sustained boom thanks to healthy order books of new LNG projects, especially in the US and Australia, which will see it reach peak capacity in 2015, according to Wood Mackenzie. However as the global LNG […]
LNG construction set to slow as global LNG market faces supply glut Read More »
Eagle Ford continues to be EOG Resource’s largest high return play EOG Resources, Inc. has reported a third quarter 2015 net loss of $4.1 billion, or $7.47 per share. This compares to third quarter 2014 net income of $1.1 billion, or $2.01 per share. During the third quarter 2015, proved oil and gas properties and related
EOG Resources increases Delaware Basin potential by 1 billion barrels Read More »
Kinder Morgan’s Texas Intrastate system will provide transportation, storage, gas supply to support Mexican operations HOUSTON – Kinder Morgan and TrailStone Group are creating a Mexican natural gas marketing company that will be sourced and supported by Texas producers and infrastructure, the companies announced Sunday. A subsidiary of Kinder Morgan, Inc. says it has signed a joint venture
Kinder Morgan, TrailStone form Mexican natural gas marketing company Read More »
CNRL deal adds 5.4 million acres to PrairieSky portfolio CALGARY _Canadian Natural Resources Ltd. (TSX:CNQ) is selling most of its royalty land holdings to PrairieSky Royalty Ltd. (TSX:PSK) for $1.8 billion in stock and cash as it looks to strengthen its balance sheet in the face of low oil prices. The friendly deal would see
PrairieSky buying chunk of CNRL royalty holdings for $1.8B Read More »
Marathon Oil Corporation reported Q3 2015 adjusted net loss of $138 million ($0.20 per diluted share) Marathon Oil Corporation announced it has signed an agreement for the sale of its operated producing properties in the greater Ewing Bank area and non-operated producing interests in the Petronius and Neptune fields in the Gulf of Mexico for $205 million.
Cash-strapped Marathon Oil sells Gulf of Mexico assets Read More »
Low oil prices affect Gulf and other oil-producing countries ABU DHABI, United Arab Emirates _ On stage only a short time after the United Arab Emirates said it would increase its oil production despite low worldwide prices, the oil and gas minister of neighbouring Oman didn’t pull any punches. “This is (a) man-made crisis in
Low oil prices strain apparent at Gulf conference, neighbours differ on response Read More »
Clayton Williams Energy cash flow for 9-month period in 2015 was $55 million, compared to $211.7 million during same period in 2014 The oil and gas downturn has hit Midland, Texas-based Clayton Williams Energy, Inc. particularly hard, judging by third quarter financial statements, which the company released Thursday. Clayton Williams Energy reported a net loss
Clayton Williams Energy loses $9.4 million in Q3 2015, may be for sale Read More »
Midland, Texas-based Pioneer Natural Resources continues with Eagle Ford, Spraberry/Wolfcamp drilling DALLAS, TX – Pioneer Natural Resources Company bucked the trend and delivered strong third quarter financial results thanks to better than expected growth in production. Pioneer Natural Resources reported third quarter net income attributable to common stockholders of $646 million, or $4.27 per diluted share.
Pioneer Natural Resources enjoys strong Q3, expanding in Permian Basin Read More »
Bayou City Energy supports experienced teams with fresh capital to develop legacy oil fields HOUSTON, TX – Bayou City Energy Management, LLC, announced it has joined with TXON-SCZ, LLC to acquire producing oil fields in North Texas, primarily within the historic KMA Field of Wichita County, Texas. TXON-SCZ was formed in 2015 through the contribution of
Bayou City Energy partners with TXON-SCZ to buy North Texas assets Read More »
Keystone decision to suspend application is a blow to Hardisty, but development continues HARDISTY, Alta. _The mayor of the southeast Alberta community where the Keystone XL pipeline would begin says news that TransCanada Corp. has asked the U.S. government to temporarily suspend its application comes as a blow. Anita Miller calls the move “really unfortunate”
Mayor of town where Keystone pipeline would begin says it’s not the only game in town Read More »
