NEW YORK (Reuters) – Noble Midstream Partners LP, a pipeline operator controlled by U.S. oil and gas exploration and production company Noble Energy Inc, is up for sale, people familiar with the matter said on Thursday. The decision to seek to sell Noble Midstream Partners comes at a time when oil and gas companies are […]
Here’s why Chevron agreed to acquire Anadarko in a deal valued at $50 billion. — Read on http://www.forbes.com/sites/rrapier/2019/04/14/why-chevron-bought-anadarko/Read more "Why Chevron Bought Anadarko"
The U.S. oil and gas industry is praised by supporters for boosting America to the forefront of global production and attacked by critics who blame it for sowing doubt about the scientific… — Read on apnews.com/132936c2afcb4f44bc3eb01f05b9156dRead more "CEO of oil group sees no slowdown in US production"
U.S. shale energy companies are cutting their spending levels in 2019, but they’re still planning on increased oil and gas output as the nation continues to hit new production records. Shale energy companies plan to cut their capital spending by 5 percent on average after crude prices plunged late last year, even though Big Oil […]Read more "U.S. energy companies produce more oil even as they cut spending"
Weatherford International’s stock is trading below $1 a share. Schlumberger expects growth in its shale business to flatten or decline. General Electric reduced its ownership stake of Baker Hughes. Halliburton’s stock market value has fallen below what it was at one of the worst points of the last oil bust. Energy services companies are facing […]Read more "Oilfield services companies face another tough slog – HoustonChronicle.com"
Expanded Texas Shipping Lane Could Help Cut Trade Deficit By $50 Billion – Texans for Natural Gas — Read on http://www.texansfornaturalgas.com/texas_shipping_lane_cut_trade_deficitRead more "Expanded Texas Shipping Lane Could Help Cut Trade Deficit By $50 Billion – Texans for Natural Gas"
HOUSTON (Reuters) – More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday. Chevron, EOG Resources, Exxon Mobil and Royal Dutch Shell are among 17 […]Read more "Exclusive: U.S. shale firms offer $100 million to aid Texas, New Mexico | Reuters"
If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have to think again. U.S. shale firms are more profitable than ever after a strong third quarter, according to a Reuters analysis of results for 32 […]Read more "U.S. shale surge boosts industry finances, puts deals in spotlight | Reuters"
LONDON (Reuters) – Energy firms could save an annual $73 billion within five years in oil and gas exploration and production by making better use of existing computing technology, energy consultancy Wood Mackenzie said. Exploration and production, known as the upstream industry, requires energy firms to analyze huge amounts of seismic and geological data and […]Read more "Digitalization can save oil upstream business $73 billion a year: Woodmac | Reuters"
The Houston economy has largely recovered from the two-year oil downturn that began in 2014 and economic indicators suggest solid growth ahead for the region, according to analysis by a University of Houston economist. The local economy, after struggling in recent years, is again adding jobs at a strong pace, supported by oil prices above […]Read more "Forecaster: Houston economy has recovered from downturn – HoustonChronicle.com"