Items Tagged with 'prices'

ARTICLES

Enterprise Bakken-to-Cushing Project Facing Cheap Oil Headwinds

Lower prices for crude oil aren't doing any favors for Enterprise Products Partners LP's proposed crude pipeline from North Dakota to the Cushing, OK, hub, executives admitted Thursday. But U.S. producers have staying power even at lower oil prices because the country "...is in the middle of a production revolution," they said. Read More

Shell's Global LNG Sales Jump 16%

Global liquefied natural gas (LNG) developments are starting to show positive earnings momentum for Royal Dutch Shell plc as its strategy to invest for profitability over volumes begins to pay off, CFO Simon Henry said Thursday. Read More

Falling Oil Prices Squeezing Onshore E&P Operators

It's only a "matter of weeks" before onshore operators begin laying down rigs in some U.S. oilfields, one industry observer told NGI on Tuesday. Onshore exploration and production (E&P) companies also are seeking price relief from oilfield service operators, according to one energy analyst. Read More

BP Slammed on Oil Price Plunge But Still Beats Consensus

BP plc on Tuesday posted a 19% decline in third quarter profits from a year ago, in part impacted by the global oversupply in crude oil, and in part on a huge drop in profits from its near-20% stake in Russia's OAO Rosneft, but the producer still beat Wall Street consensus by a wide margin. Read More

BG Group Alum Positioning New Company for Volatility's Comeback

Former BG Group plc executive Martin Houston's newly launched Parallax Energy is developing mid-scale liquefied natural gas (LNG) assets; putting together a gas marketing and trading shop; and, through an affiliate company, will be hunting for value in the U.S. shale patch. Houston told NGI he's getting ready for the price volatility to come. Read More

Bakken, Piceance Assets Likely to Be Sold, Oxy CEO Says

Occidental Petroleum Corp. (Oxy), which soon will spin off its California assets into a new company, currently has more of a sales mindset, but if oil prices continue to decline it could quickly switch to a buying mode regarding U.S. domestic assets, particularly in the Permian Basin, CEO Stephen Chazen said Thursday on a 3Q2014 earnings conference call. Read More

EIA Expands Heating Oil, Propane Price Data Program to 38 States

The U.S. Energy Information Administration said it is expanding its program for collecting weekly residential heating oil and propane price data from 24 to 38 states this winter. Read More

North Dakota Officials Eye Oil Price Declines; Fear Rig Cutback

Bakken sweet crude oil on Wednesday was fetching $66.25/bbl, prompting North Dakota's chief oil/natural gas regulator to spend most of his time during a monthly production webinar lamenting the possibility of future slowed production in the state's otherwise uninterrupted oil boom. Read More

Declining Crude Prices May Cause Pause in Onshore Boom, Say Analysts

Stagnant natural gas prices led exploration and production companies to move their drillbits to more lucrative liquids. Now, declining crude prices... Read More

Panelists: LNG Exports Won't Lead to U.S. Price Spikes

Warnings from some who claim sending too much U.S. natural gas overseas could cause severe domestic price spikes are short-sighted and don't account for... Read More