WASHINGTON—The United States on Feb. 18 ramped up pressure on Venezuela by blacklisting a subsidiary of Russian state oil major Rosneft that President Donald Trump’s administration said provides a financial lifeline to President Nicolas Maduro’s government. The U.S. Treasury Department imposed sanctions on Rosneft Trading SA, the Geneva-based trading unit of Rosneft, as Washington targeted […]
Stakes have been placed in the ground, pipe stacked in yards and construction is set to begin on the Permian Highway Pipeline. The $2 billion partnership between Kinder Morgan, Midland’s EagleClaw Midstream and Altus Midstream subsidiary Altus Midstream Processing LP will be comprised of 430 miles of 42-inch pipeline carrying up to 2.1 billion cubic […]Read more "Construction about to begin on Permian Highway natural gas pipeline – San Antonio Express-News"
U.S. crude oil production surpassed 12 million barrels per day in April – Today in Energy – U.S. Energy Information Administration (EIA) — Read on http://www.eia.gov/todayinenergy/detail.phpRead more "U.S. crude oil production surpassed 12 million barrels per day in April – Today in Energy – U.S. Energy Information Administration (EIA)"
U.S. gas production is at a record high, but the infrastructure needed to move the fuel around the country hasn’t kept up. The result is price spikes, uneven distribution and fears of stifled economic growth. — Read on http://www.wsj.com/articles/the-u-s-is-overflowing-with-natural-gas-not-everyone-can-get-it-11562518355Read more "The U.S. Is Overflowing With Natural Gas. Not Everyone Can Get It. – WSJ"
•U.S. refiners may not have much room to take more lighter oil Exports of the Permian Basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners. Sales of the new grade, known as West Texas Light, began in September, as explorers sought to separate out increasingly lighter […]Read more "Latest Permian Basin Oil Supply Surge to Feed Global Markets – Bloomberg"
In a stunning escalation of the two-week-old contest for Anadarko, Buffett’s Berkshire Hathaway Inc. on Tuesday disclosed plans to inject $10 billion into Occidental in exchange for preferred stock and warrants. The bombshell landed in the midst of Anadarko board deliberations about whether Occidental — Read on finance.yahoo.com/news/bank-buffett-drops-10-billion-151622861.htmlRead more "Bank of Buffett Drops $10 Billion Bomb Into Anadarko Battle"
Texas represented nearly 20% of all U.S. exports in the January-February period while California dipped to 11%. — Read on http://www.cnbc.com/2019/04/25/texas-exports-boosted-by-oil-rise-3-times-faster-than-us-increase.htmlRead more "Texas exports, boosted by oil, rise 3 times faster than US increase"
Halliburton Co sought to convince investors on Monday that weak pricing which has undermined oilfield services providers over four years was on the verge of turning a corner. — Read on http://www.reuters.com/article/us-halliburton-results/halliburton-sees-signs-of-price-recovery-shares-dip-idUSKCN1RY0Q4Read more "Halliburton sees signs of price recovery, shares dip – Reuters"
Despite false claims and accusations from extreme environmentalists, fracking and natural gas actual help our environment! Click to find out how! — Read on http://www.frackfeed.com/5-ways-that-fracking-is-helping-our-environment/Read more "5 Ways That Fracking Is Helping Our Environment – FrackFeed"
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"