Friday, April 25, 2025

Keystone rejection expected to spur more crude-by-rail shipping into the U.S.

Story by The Calgary Herald Rejection of the Keystone XL pipeline will complicate and add cost to getting western Canadian oil to U.S. markets but it isn’t expect to actually prevent any shipments reaching south of the border, observers say. The decision announced Friday by U.S. President Barack Obama was greeted with disappointment by Calgary oil producers, industry insiders and local businesspeople

Tokyo Gas

Oil Exports from Russia to Japan are Up 20% in 2015

Japan increasingly buying its oil from Russia Russia and Japan are becoming increasingly close energy partners, a trend that Igor Sechin, CEO of Rosneft (ticker: RNFTF) believes will continue into the future. Sechin said today that Russia’s oil exports to Japan rose 20% year-on-year in January-August 2015 despite a mutual decline in trade, Sechin said during a Russia-Japan energy cooperation

North Dakota Production

Oil Rig Count Falls for Tenth Straight Week

Total rig count follows similar trend as oil rigs The number of rigs drilling for oil in the United States declined again, continuing the trend for a tenth straight week. According to Baker Hughes (ticker: BHI) the number of rigs drilling fell by six to 572 for the week ended November 6, 2015. The count for rigs drilling for oil

PDC Energy Gallops Wattenberg Program to 84% YoY Overall Production Increase

Drilling Program Shifting to Plug-n-Perf Completions PDC Energy (ticker: PDCE) may be, generally speaking, in the early stages of its development of the Wattenberg Field. However, its rapid growth while maintaining a sturdy balance sheet can be matched by few in the industry. Only two companies in the coverage universe of Capital One Securities are in position for 35% growth

Keystone Pipeline - Oil & Gas 360

U.S. Rejects Keystone XL Pipeline

After seven years of regulatory limbo, Obama administration says “no” to TransCanada application President Obama announced today that he has rejected TransCanada’s (ticker: TRP) Keystone XL pipeline project after seven years of regulatory holdup. The decision comes as the president makes steps to solidify his environmental legacy during his final year in office. The 1,179-mile pipeline would have carried 800,000

Halliburton to Issue $7.5 Billion of Senior Notes

Halliburton (HAL) announced today the pricing of an offering of $7.5 billion aggregate principal amount of senior notes. The notes are being issued in five tranches: $1.25 billion of 5-year notes bearing interest at a fixed rate of 2.70% per year and maturing on November 15, 2020; $1.25 billion of 7-year notes bearing interest at a fixed rate of 3.375%

Blackbird Energy Inc. Announces Grant of Incentive Stock Options

Blackbird Energy Inc. (TSX VENTURE:BBI)(“Blackbird” or the “Company“) announces that it has granted an aggregate of 6,750,000 incentive stock options to certain of its directors and officers pursuant to the terms of the Company’s stock option plan. Such options are exercisable for five years at the price of $0.18 until November 5, 2020 and are subject to the acceptance of

Warren Resources CFO Resigns

Warren Resources, Inc. (WRES) announced today the appointment of Brian Gelman as Interim Chief Financial Officer, effective immediately. Stewart P. Skelly, the current Vice President and Chief Financial Officer, has resigned, effective immediately, in order to pursue other opportunities in connection with the relocation of his family to Ireland. This mutually agreed departure is not related to any disagreement with

Presidential Candidates on Energy: Jindal

“Energy resources are a blessing, not a curse.” Second-term Louisiana Governor Bobby Jindal is running for the 2016 Republican nomination. Jindal published his energy plan earlier this fall, based a 2014 energy plan which he had previously developed. Gov. Jindal’s key energy points are featured below. Promote energy development on federal lands, build the Keystone XL pipeline, yes to nuclear power Our

Oil & Gas 360 - Keystone XL

What’s Next for Keystone XL? TransCanada’s Keystone Chief Spells it Out

 An interview with Corey Goulet, President of Keystone projects for TransCanada. Editor’s Note: In March 2015, Oil & Gas 360® interviewed Corey Goulet, boss of the Keystone XL pipeline project. Today (Nov. 6, 2015), the U.S. State Department and the Obama Administration officially denied TransCanada’s application to build the Keystone XL pipeline. In light of today’s announcement, Oil & Gas 360®