Oil outages take 3.6 MMBOPD off the market in May Unplanned global oil supply disruptions reached their highest monthly level since 2011 when the EIA began tracking to what extent oil outages were affecting output. From April to May, disruptions grew by 0.8 MMBOPD, averaging more than 3.6 MMBOPD, the agency reported. The majority of the increased outages in May
Antero Resources (ticker: AR) has signed an agreement with Southwestern Energy (ticker: SWN) to acquire approximately 55,000 net acres in the core of the Marcellus shale, the company announced on June 9, 2016. Approximately 75% of the 55,000 net acres contains dry Utica rights. The acquisition includes undeveloped properties located primarily in Wetzel, Tyler and Doddridge Counties in West Virginia
USGS: Mancos Shale Right Up There with the Marcellus – 40-times more natural gas in the Piceance than previously thought Western Colorado has 40-times more natural gas than previously thought, but increased drilling and completion activity in the state’s Piceance Basin is not expected in the near future. The U.S. Geological Survey said the Mancos Shale formation in the Piceance
From the Associated Press MEXICO CITY (AP) — Mexico’s ubiquitous Pemex gas stations now have competition along the country’s highways and city streets for the first time in nearly eight decades. Two companies have collectively opened three gas stations under their own brands, breaking one of the state-owned petroleum company’s last monopolies. Opening the retail sector to competition was part
Baker Hughes Incorporated (the “Company”) (NYSE:BHI) announced today that, pursuant to its previously announced cash tender offer (the “Tender Offer”) for up to $1 billion combined aggregate principal amount (the “Maximum Tender Amount”) of its or its subsidiary’s 6.000% Senior Notes due 2018, 7.500% Senior Notes due 2018, 3.200% Senior Notes due 2021, 8.550% Debentures due 2024, 6.875% Notes due
From CBC News Ontario’s climate change plan, which will provide billions of dollars in subsidies and incentives to businesses and homeowners, was greeted with cautious optimism Wednesday by environmentalists and businesses. The province will spend up to $8.3 billion on a range of programs to encourage people and companies to switch to more energy-efficient heating systems, buy electric or hybrid
HOUSTON–(BUSINESS WIRE)– The Oilfield Technology Group (OTG) of Hexion Inc. (Hexion) today announced the expansion of its resin coated proppant manufacturing facility in Canada to provide a more efficient supply of proppants to fracturing service companies and operators in the oil and gas industry. Hexion’s proppant plant located in Sturgeon County, north of Fort Saskatchewan, Alberta, Canada is in the process of a phased expansion project, which will
From the Oklahoman After 45 years at the oil and natural gas company he co-founded with his father, Larry Nichols on Wednesday handed control of Devon Energy Corp. to former CEO John Richels, the third chairman in the company’s history. Nichols will retain the title of chairman emeritus and will attend board meetings in an advisory capacity. “I just won’t
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
