Pioneer Natural Resources (NYSE:PXD) is in talks to acquire Parsley Energy (NYSE:PE), WSJ reports, a deal which would add to its position as one of the largest oil producers in the Permian Basin.
The shale producers are discussing an all-stock deal that could be completed by the end of the month, according to the report.
The connections between the two companies are striking: Pioneer CEO Scott Sheffield is the father of Parsley co-founder and chairman Bryan Sheffield, and Parsley's current CEO Matt Gallagher joined the company more than a decade ago from Pioneer.
A wave of consolidation is taking hold in the beleaguered oil patch; ConocoPhillips today announced a $9.7B takeover of Concho Resources, which came just a few weeks after Devon Energy snapped up WPX Energy for $2.6B.
Johannes Eisele/Agence France-Presse/Getty Images Oil futures finished higher on Tuesday, with U.S. prices reclaiming the $40 mark a day after settling at their lowest in a week, as data showed a jump in Chinese crude imports.
“Chinese crude oil imports rose to the equivalent of 11.8 million barrels per day in September, putting them 2% up on the previous month,” said Carsten Fritsch, analyst at Commerzbank, in a note.
“Chinese crude oil imports were 12.7% up year-over-year in the first nine months.”
These include a sharp jump in Libyan crude production as its largest oil field comes back online, which could double the country’s crude production to 650,000 barrels a day within a few weeks, he said.
In a monthly report Tuesday, the Organization of the Petroleum Exporting Countries left its outlook for 2020 oil demand relatively unchanged, penciling in a decline of 9.5 million barrels a day, year on year, to reach 90.3 million barrels a day.
Hurricane Energy is trading at a lower price-to-earnings ratio than its rivals, indicating that it is currently more affordable than other companies in its industry.
This table compares Hurricane Energy and its rivals revenue, earnings per share and valuation.
Comparatively, Hurricane Energy’s rivals have a beta of 2.26, indicating that their average stock price is 126% more volatile than the S&P 500.
Hurricane Energy (OTCMKTS: HRCXF) is one of 43 public companies in the “Oil & gas field services, not elsewhere classified” industry, but how does it compare to its rivals?
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Also, the lube base oil showed enough quality to make premium Group III Plus base oils categorized by American Petroleum Institute,” a SK Innovation official said.
With the pyrolysis oil, the researches manufactured solvent and lube base oil products.
According to South Korea’s refining-to-battery firm, researchers of SK Innovation Institute of Technology Innovation heated pieces of plastic waste and obtained high-purity pyrolysis oil by removing impurities in it significantly.
SK Innovation said Sunday it has successfully extracted solvent and lube base oil from plastic waste to boost environmental, social and corporate governance under SK Group’s Green Balance initiative.
“SK Innovation, which faces environmental issues such as plastic waste, needs to transform its chemical business into a new one completely and must seek intrinsic changes to become a company that stands out in terms of ESG,” President and CEO of SK Global Chemical Na Kyung-soo said.
The Completion and Production Services segment provides well completion, workover, abandonment, and re-entry preparation services, as well as snubbing units for pressure control services and equipment rentals to oil and natural gas exploration and production companies.
The Contract Drilling Services segment offers onshore well drilling services to exploration and production companies in the oil and natural gas industry.
Precision Drilling Corporation, an oilfield services company, provides oil and natural gas drilling and related services and products.
It owns, contracts, and operates jack-up rigs for operations in shallow-water areas, including the provision of related equipment and work crews to conduct oil and gas drilling and workover operations for exploration and production.
This segment operated 198 well completion and workover service rigs, and 12 snubbing units in Canada and the United States; approximately 1,700 oilfield rental items, including surface storage, small-flow wastewater treatment, and power generation and solids control equipment; and 132 wellsite accommodation units in Canada.
Bridgeway Capital Management Inc. owned 0.40% of Houston American Energy at the end of the most recent quarter.
Bridgeway Capital Management Inc. bought a new position in shares of Houston American Energy Co. (NYSEAMERICAN:HUSA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
An institutional investor recently bought a new position in Houston American Energy stock.
Houston American Energy Co. (NYSEAMERICAN:HUSA)’s stock price traded up 7.2% during trading on Thursday .
Houston American Energy Corp., an independent energy company, acquires, explores for, develops, and produces natural gas, crude oil, and condensate from properties located principally in the Texas Permian Basin and Gulf Coast areas of the United States and South America.
About MPLX LP MPLX is a diversified, large-cap master limited partnership that owns and operates midstream energy infrastructure and logistics assets, and provides fuels distribution services.
A replay of the conference call will be available on the company's website for two weeks.
Interested parties may listen to the conference call by visiting MPLX's website at http://www.mplx.com and clicking on the "2020 Third-Quarter Financial Results" link.
FINDLAY, Ohio, Sept. 25, 2020 /PRNewswire/ -- MPLX LP (NYSE:MPLX) a master limited partnership sponsored by Marathon Petroleum Corp. (NYSE:MPC), will host a conference call with analysts on Monday, Nov. 2, 2020, at 11 a.m. EST to discuss 2020 third-quarter financial results, which will be released earlier that day, and to provide an update on company operations.
MPLX's assets include a network of crude oil and refined product pipelines; an inland marine business; light-product terminals; storage caverns; refinery tanks, docks, loading racks, and associated piping; and crude and light-product marine terminals.
The company's Carbon Dioxide segment produces and sells carbon dioxide gas in Colorado and New Mexico.
The Beard Company, through its subsidiaries, engages in carbon dioxide, oil and gas, coal reclamation, and e-commerce businesses in the United States.
The Performance Additives segment provides barium and zinc additives for use in coatings, films, pharmaceuticals, and paper and glass fiber reinforced plastics; colored inorganic pigments comprising iron oxides, ultramarines, specialty inorganics chemicals, and driers for construction, coating, plastic, and specialty markets; and wood protection chemicals for use in residential and commercial applications, as well as water treatment chemicals.
The Titanium Dioxide segment offers titanium dioxide (TiO2), such as rutile, anatase, and nano TiO2 products for use in coatings, plastics, paper, printing inks, fibers, and food and personal care products.
This segment owns non-operated working interests or overriding royalty interests in producing wells in Colorado and Wyoming; and undeveloped oil and gas leases in such states and in Mississippi.
Saudi Aramco, the Kingdom’s energy giant, has had its Khurais oil facility recognized by the World Economic Forum (WEF) as a leader in the adoption and integration of technology.
The Khurais oil facility is also second to be included in WEF’s Global Lighthouse Network, a platform focused on encouraging adoption of Fourth Industrial Revolution (4IR) advanced technology, after the Uthmaniyah Gas Plant.
Only 54 facilities worldwide have been included in the Global Lighthouse Network, with Khurais being one of 10 added this year.
Aramco is only one of nine companies globally that has more than one facility represented in the WEF network, and the only major energy company that is part of the Lighthouse network, the company says.
Khurais is a large oil field in the eastern part of Saudi Arabia.
The Company is an integrated infrastructure company with businesses spanning coal trading, coal mining, oil and gas exploration, ports, multi-modal logistics, power generation, and transmission and gas distribution.
According to a Business Standard report, at least 20 national and international firms, including Société Nationale des Chemins de Fer Français, Arabian Construction Company, Anchorage Infrastructure Investments Holdings, Adani, GMR, and JKB Infrastructure, have evinced an interest in the redevelopment work of New Delhi railway station.
In the first phase, RLDA has prioritised prominent stations like New Delhi, Tirupati, Dehradun, Nellore, and Puducherry for redevelopment.
RLDA is currently working on 62 stations in a phased manner, while its subsidiary, Indian Railway Stations Development Corporation, has taken up another 61 stations.
Shares of rallied 6 per cent to Rs 302 in the early morning trade on the BSE on Wednesday on report that the company is keen on rebuilding New Delhi railway station.
Nearly 500,000 barrels per day (bpd) of offshore crude oil production was taken offline in the U.S. Gulf of Mexico, according to the U.S. Interior Department, roughly a third of the shut-ins caused by Hurricane Laura, which landed farther west in August.
Sally, which made landfall on the U.S. Gulf Coast as a Category 2 hurricane, also boosted oil prices as more than a fourth of offshore output shut due to the storm.
U.S. crude stocks fell 4.4 million barrels last week to 496 million barrels, their lowest since April, the U.S. Energy Information Administration said, compared with analysts' expectations in a Reuters poll for a 1.3 million-barrel rise, U.S. gasoline stocks fell 400,000 barrels, the EIA said, more than double the draw forecast, despite a 4 percentage point hike in refining utilization rates.
Oil prices jumped more than 4% on Wednesday, following a drawdown in U.S. crude and gasoline inventories and as Hurricane Sally forced a swath of U.S. offshore production to shut.
A panel of OPEC+ oil ministers meets to review the supply pact on Thursday and is unlikely to recommend further output curbs despite the price drop, sources told Reuters.
GreenShift Corporation develops and commercializes clean technologies that facilitate the use of natural resources for the ethanol industry in the United States.
Shares of Greenshift stock opened at $0.05 on Monday.
As of August 31st, there was short interest totalling 400 shares, a decrease of 78.9% from the August 15th total of 1,900 shares.
Greenshift Corp (OTCMKTS:GERS) saw a significant decrease in short interest in the month of August.
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Sunoco had to propose an alternate route for the 20-inch pipeline in 2017 after a spill that year, and Friday’s order directs the company to use that route, she said.
Secretary Patrick McDonnell called it “yet another instance where Sunoco has blatantly disregarded the citizens and resources of Chester County with careless actions while installing the Mariner East 2 pipeline.”
The Pennsylvania Department of Environmental Protection halted drilling stopped after the Aug. 10 spill into wetlands and a tributary of Marsh Creek Lake in Chester County.
CHESTER SPRINGS, Pa. (AP) - State environmental authorities have ordered Sunoco to reroute a portion of its Marine East 2 natural gas liquids pipeline in southeastern Pennsylvania following last month’s spill of more than 8,000 gallons of drilling fluid into a wetland area.
Exploration firms drilling in the booming Marcellus Shale and Utica Shale fields ship natural gas liquids through the Mariner East pipelines to Marcus Hook refinery and export terminal near Philadelphia, helping the U.S. become the world’s leading ethane exporter.
Nonetheless, I think Tesla (which is not a part of the “Local Energy For All” campaign) also struggles to bring enough interest to solar power.
Companies and organizations involved with the “Local Energy For All” campaign include the following: Coalition for Community Solar Access, Vote Solar, Solar United Neighbors, Sunrun, SunPower, Engie, IGS, Sunnova, and probably others.
“When we looked at the energy industry as a whole, we noticed that few outside of academia were promoting the significant value that distributed energy resources bring to the grid, environment, consumers, and local economies,” said Jeff Cramer, Executive Director of the Coalition for Community Solar Access.
It will focus on this topic of cost, but it will also focus on a few other under-acknowledged benefits of rooftop, local, and community solar power.
And hopefully we’ll also soon see more from the Local Energy For All campaign on its efforts to raise awareness around rooftop and community solar.
The company operates through Integrated Gas, Upstream, and Downstream segments.
The company had revenue of $32.49 billion for the quarter.
The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.47.
Shares of RDS-A (OTCMKTS:RDS.A) fell 1.6% during mid-day trading on Wednesday .
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O Shares Investment Advisers LLC raised its holdings in National Fuel Gas Co. (NYSE:NFG) by 21.4% during the second quarter, according to the company in its most recent 13F filing with the SEC.
New York State Common Retirement Fund lifted its stake in shares of National Fuel Gas by 39.1% in the 2nd quarter.
Jefferies Financial Group dropped their price objective on shares of National Fuel Gas from $54.00 to $52.00 and set a “buy” rating on the stock in a report on Friday, July 24th.
Raymond James lifted their price target on shares of National Fuel Gas from $48.00 to $49.00 and gave the company an “outperform” rating in a report on Monday, June 1st.
Finally, Scotiabank upgraded National Fuel Gas from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $40.00 to $44.00 in a research report on Wednesday, May 6th.
Fahmy Radhi, another expert, said many Indonesian engineers work abroad because of higher pay.
Oil and gas expert Ibrahim Hasyim said the Indonesian experts working abroad are usually retirees or former employees of the state-owned energy company Pertamina and students who graduated from overseas universities.
Apart from Turkey, Indonesian oil and gas professionals also work for multinational companies in Malaysia, Abu Dhabi and the United States.
Eight Indonesian engineers were part of the team that discovered natural gas reserves off Turkeys Black Sea coast.
In Indonesia, they feel like they are treated as second class citizens and not [recognized] based on their skills, both in national and foreign oil and gas companies, said Radhi.