operations

Kinder Morgan buys 15 American terminals, infrastructure from BP

News

Terminals are located in Midwest, Northeast, Southeast and on West Coast Kinder Morgan, Inc. announced Tuesday that it has closed its previously announced plan to acquire 15 refined products terminals from BP Products North America Inc. in a transaction valued at approximately $350 million. The company said in a press release that the terminals are “key […]

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Baker Hughes sees big drop in 2015 North American revenue

Energy Financial

Baker Hughes revenue for 2015 was $15.7 billion, down $8.8 billion compared to$24.6 billion for 2014 HOUSTON, Texas – Baker Hughes, soon to be merged with oil services giant Halliburton, is reporting a profit despite the challenging global price environment, the company reported last week. “Our 2015 results are reflective of an extremely difficult and increasingly

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Halliburton revenue drops 28% in Q4, 2016 to be ‘a tough year’

Energy Financial

Total Halliburton annual revenue of $23.6 billion declined 28% year-over-year, moving ahead with Baker Hughes acquisition Economic headwinds affecting the global oil and gas industry took their toll on industry leader Halliburton, but the company says it still managed to outperform industry averages. Halliburton has announced that income from continuing operations for the fourth quarter of 2015

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Sanchez Energy announces record high oil, gas production for Q4

Energy Financial

“During the fourth quarter of 2015, we continued to realize significant operational success, which resulted in higher production levels and declining well costs” HOUSTON, TX – Sanchez Energy Corporation, today announced operating results for the fourth quarter of 2015 and updates to the 2016 capital budget. “2015 was a strong year for Sanchez Energy,” said Tony

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Pioneer Natural Resources produces more oil in 2015 than forecast

Energy Financial

Pioneer Natural Resources expects 2015 production growth of 12% compared to 2014, increase from previous guidance of 11% Pioneer Natural Resources says it produced more oil than forecast earlier and the company is raising $1.4 billion, partly to continue developing West Texas fields. “The performance from our Spraberry/Wolfcamp horizontal drilling program continues to be outstanding,” said

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Chevron, China Huadian sign agreement for long term LNG supply

News

Chevron’s equity gas from Australia well-placed to meet growing demand for natural gas in Asia-Pacific region SAN RAMON, Calif. – Chevron Corp. has announced that its wholly-owned subsidiary, Chevron U.S.A. Inc., has signed a non-binding liquefied natural gas (LNG) supply Heads of Agreement (HOA) with China Huadian Green Energy Co., Ltd. “This is an important

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Basic Energy Services: Thanksgiving affects Nov. operation results

News

“Basic Energy Services well servicing operations lost approximately 500 basis points of utilization in November due to seasonal factors.” FORT WORTH, Texas – Well servicing company Basic Energy Services says the Thanksgiving holiday is largely responsible for a decline in rig and fluid service truck utilization during Nov. “As expected, November activity was significantly impacted

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