White Owl Announces Agreements on Clairmont Terminal
September 8, 2017
White Owl Announces Agreements on Clairmont Terminal
$9 Billion Stake in Rosneft Goes to China
September 8, 2017
Chinese energy company purchases from Glencore, Qatar Privately-held CFEC China Energy announced the purchase of a 14.16% stake in Rosneft today, buying from Glencore and the Qatar Investment Authority. Glencore, Qatar only bought in nine months ago CFEC will pay about $9.1 billion for its share, paying a premium of about 16% beyond the current 30-day average Rosneft price. Glencore
BP Makes Moves
September 8, 2017
Out of Azerbaijan, and Into India A current existing deal between international oil giant BP (ticker: BP) and SOCAR in the Azeri-Chirag-Guneshli (ACG) field is due to expire in 2024. A new plan will take SOCAR’s stake in the field to 20% from the current 11.6% while BP’s share is predicted to drop to 30% from the current 35.8%, according
Exclusive Video Interview with BTU Analytics Managing Director Kathryn Downey Miller
September 8, 2017
BTU Analytics: the seismic change for 2017 is that the U.S. has replaced OPEC as swing supply in the global oil market At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with BTU Analytics Co-Founder and Managing Director Kathryn Downey Miller. Miller talked about how U.S. shale operators added rigs
Magellan Midstream’s New Permian Pipeline
September 8, 2017
Magellan Midstream Partners, L.P. (ticker: MMP) announced this week that it will build a 60-mile, 24-inch pipeline that connects Wink and Crane, TX. The pipeline’s price tag will be approximately $150,000,000. The pipeline should be operational midway through 2019, the company said in a press release. The new pipeline will serve direct service from the Delaware basin to the Crane
Rig Count Up One
September 8, 2017
One additional inland waters rig is sole addition U.S. drilling activity increased slightly this week, according to the latest edition of Baker Hughes’ Weekly Rig Count. There are now a total of 944 active rigs in the country, up one from 943 last week. Inland waters provided the single addition, meaning there are now five such rigs active in the
Capital Product Partners L.P. Announces Results of Its Annual Meeting of Limited Partners
September 8, 2017
Capital Product Partners L.P. Announces Results of Its Annual Meeting of Limited Partners
Will Saudi Aramco deliver world record profit for next year’s IPO?
September 8, 2017
From Reuters When oil giant Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2 trillion valuation in its initial public offering (IPO). Investors have long debated whether Aramco could be valued anywhere close to $2 trillion, the figure suggested by Saudi Crown
Trilogy Energy Corp. obtains shareholder approval for merger with Paramount Resources Ltd.
September 8, 2017
Trilogy Energy Corp. obtains shareholder approval for merger with Paramount Resources Ltd.
Oil Tumbles as Irma Imperils Demand in Gasoline-Thirsty Florida
September 8, 2017
From Bloomberg Oil declined the most since July as Hurricane Irma threatened to slash energy demand that had only just begun to recover from the wrath of Harvey. Futures slid 3.3 percent in New York. While Valero Energy Corp. and other refiners resumed fuel production after Harvey roared ashore two weeks ago, demand for gasoline and other transportation fuels may
Exclusive Video Interview with Laramie Energy Chairman & CEO Robert Boswell
September 8, 2017
Laramie Energy: doing sandless fracs using higher water volumes and no proppant — at a much reduced cost At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Laramie Energy Chairman & CEO Robert Boswell. Laramie is a privately held operator with a focus on natural gas production in Colorado’s
Exclusive Video Interview with Kalnin Ventures Managing Director Christopher Kalnin
September 8, 2017
Kalnin Ventures: 40%-50% of all the gas produced in the Marcellus is non-operated At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Kalnin Ventures Managing Director Chris Kalnin. Kalnin Ventures is a non-operator that invests in proven energy operations. Kalnin is focused on the Marcellus, but the company is
