Oil & Gas 360 Publishers Note: Often I am presented with industry insights, and opinions, that may be helpful to our readers. This particular opinion written by David Ramsden-Wood has some interesting discussion points. So the question isn’t “should you sell” it’s “who should you sell to?” Dear CDEV, It’s Technical Tuesday and you had to know it was coming.
CNBC Oil futures rose 1% Tuesday after a five-day losing streak as OPEC sources said the group and its allies might tighten the market amid fears that the coronavirus, which has claimed over 100 lives in China, could weigh on oil demand. Brent crude, which oscillated between positive and negative territory, gained 59 cents, or 1%, to trade at $59.91
Houston Chronicle Houston liquefied natural gas company Cheniere Energy hit a milestone 1,000th export shipment of LNG — and the cargo is headed to France. The Norwegian-flagged LNG tanker Hoegh Galleon left the company’s Corpus Christi LNG export terminal with the company’s 1,00th cargo on Monday morning. Cheniere Energy CEO Jack Fusco told the Houston Chronicle that the tanker is
Reuters BENGALURU – Gold prices will hold above $1,500 an ounce this year and make modest gains in 2021 as low interest rates and geopolitical uncertainly bolster its appeal, while silver prices will begin to catch up, a Reuters poll showed on Tuesday. Gold is traditionally seen as a safe store of value during times of turmoil and becomes more
Houston Chronicle iPod pioneer Tony Fadell is backing a battery company that says it’s found a way to store more energy using silicon scrap waste. Fadell’s investment firm, Future Shape, is among the contributors to Advano’s $18.5 million Series A funding round. It’s Fadell’s first battery investment. Silicon could be key to building more powerful batteries. The anodes of most
CNBC There’s a “bear stampede” in the oil market as a new coronavirus spreads, but that may not be directly comparable to the sell-off in 2003 associated with the outbreak of severe acute respiratory syndrome (SARS), according to an energy analyst. Oil futures slid for a sixth session on Tuesday amid reports of a rising number of cases and casualties. “It is based on
Houston Chronicle One of the shipping industry’s great hopes for improving its environmental performance — engines powered by liquefied natural gas — won’t offer the benefits that many vessel owners are hoping for. That’s the conclusion of a nonprofit that analyzed the emissions from different types of vessels that use the fuel. Some types of LNG-powered ships leak so much
Houston Chronicle Houston oil-field service company Halliburton has landed a contract for offshore natural gas wells that will feed an LNG project in Northwest Australia. In a statement released early Monday, Halliburton said it won drilling and completion services for the next phase of offshore field development in the Browse Basin off the coast of northern Australia. In one of
Reuters HOUSTON – At Exxon Mobil Corp (XOM.N), CEO Darren Woods’ plan to revive earnings at the largest U.S. oil and gas company is being sidetracked by the two businesses he knows best: chemicals and refining. Another year of poor profit could require Exxon to re-evaluate its bold spending plans or weaken its ability to weather the next oil-price downturn,
Will Cimarex Energy Be a Turnaround Story?
Statewide Poll Finds Strong Support for Illinois Energy Industry and DAPL Optimization
Houston Chronicle As most of the oil industry cuts back on spending, Hess Corp. said Tuesday it will allocate more money this year to its growth in the tiny South American country Guyana. After the Exxon Mobil-led partnership with Hess in Guyana began producing oil in December, Exxon and Hess plan to dedicate more dollars to ramping up oil output
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