By Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers up 12 This week’s Baker Hughes rig count shows that U.S. numbers fell by two, bringing the total down to 967. Compared to this time last year, the decline is even steeper, with yearly numbers down 85 compared to June of 2018. Canada, on the other hand, is up
By Tyler Losier, Energy Reporter, Oil & Gas 360 Canadian numbers rise by 4 This week’s Baker Hughes rig count shows that U.S. numbers fell by six, bringing the total down to 969. Compared to this time last year, the decline is even steeper, with yearly numbers down 90 compared to June of 2018. Canada, on the other hand, is
Canadian numbers rise by 18 This week’s Baker Hughes rig count shows that U.S. numbers fell by nine, bringing the total down to 975. Compared to this time last year, the decline is even steeper, with yearly numbers down 87 compared to June of 2018. Canada, on the other hand, is up compared to last week with a total count
By Tyler Losier, Energy Reporter, Oil & Gas 360 FERC authorization expected in mid-2019 Cameron LNG, owned in part by Sempra Energy (stock ticker: SRE) subsidiary Sempra LNG, has shipped its first commissioning cargo of liquefied natural gas from its project site in Hackberry, La. “This brings Cameron LNG, one of Sempra’s five strategically located LNG infrastructure projects, one step
Steven W. Green Named President of Chevron North America Exploration and Production
Vermilion Energy Inc. (ticker: VET) closed the acquisition of Spartan Energy Corp. for a total consideration of $1.40 billion, comprised of $1.23 billion in Vermilion shares plus the assumption of approximately $175 million in debt. Vermilion acquired all of the issued and outstanding common shares of Spartan on the basis of 0.1476 of a Vermilion share for each Spartan common
TransCanada, Enbridge and Spectra queue up pipeline projects across all of North America TransCanada adds Canadian capacity TransCanada Corporation (ticker: TRP) has a new $2.4 billion NGTL system expansion coming on-line within four years. The NGTL moves gas from the North Montney in British Columbia to and through Alberta to Saskatchewan and/or delivery access to the Canadian west coast for
Halliburton Company (ticker: HAL) announced a loss from continuing operations of $805 million, or ($0.92) per diluted share, for the fourth quarter of 2017. Adjusted income from continuing operations for the fourth quarter of 2017, excluding charges related to United States tax reform and Venezuela receivables, was $462 million, or $0.53 per diluted share. This compares to income from continuing
But BHI Chairman Predicts “Continued Uncertainty” in Global Oil Markets Before the markets opened today, Baker Hughes (ticker: BHI) hosted the company’s second quarter conference call. BHI reported an adjusted net loss of $0.90 per share, with revenue falling 39.3% year over year to $2.41 billion. Baker Hughes said it was hurt by a “continued steep decline” in drilling activity
Natural gas will overtake oil as the leading fuel around 2023 Asia demand growth makes it the biggest energy importer North American energy production expected to grow 1.2% per annum through 2035 North American LNG exports grow to~25% of global trade by 2035 Increasing production of oil and natural gas, along with lower levels of consumption, will allow North America
Slowing demand and increasing production puts North America on track for net liquids exports BP (ticker: BP) released its 2016 Energy Outlook – Focus on North America today. In the repost it forecasts that increasing oil and gas production, mixed with lower demand in North America, will lead to net exports by 2021. Liquids consumption is expected to decline by
Overall rig counts up 2% on additions in the oil patch Overall rig counts reached a nearly two-month high this week, with Baker Hughes (ticker: BHI) reporting 876 rigs active in the United States for the week ended July 24, 2015, up 19 rigs from last week. The news came after three weeks of small increases from the week ended
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