Crude Oil
Catch The Buzz
Welcome to this week’s edition of The Buzz, a weekly feature where Kallanish Energy editors select the quartet of stories this past week we feel were the most important – and have the ...
Oil up and down prior to Opec meeting
Crude oil moved along a bumpy price track Tuesday ahead of Opec’s bi-annual meeting, which kicks off Thursday in Vienna, Kallanish Energy reports. Expectations of output cuts ...
Chinese firms may replace XOM in Iraq megaproject
Iraq is turning to Chinese companies to replace ExxonMobil (XOM) in a $53 billion oil infrastructure megaproject, two sources told Energy Intelligence. The escalation in regional tensions ...
TC Energy reports 3Q earnings of $739M
Alberta-based TC Energy last week reported third-quarter 2019 net earnings of $739 million, or 79 cents per share, Kallanish Energy reports, which compares to net income of $928 million, or ...
Montage Resources reduces drilling, cuts 2019 Capex
Montage Resources is the latest E&P company reducing full-year 2019 capital spending (Capex), Kallanish Energy reports. The company said it has reduced second half 2019 activity levels ...
Rosneft says ready to talk Venezuela with US
Russian giant oil producer Rosneft said it’s ready to talk to U.S. authorities regarding its business in and with Venezuela’s state oil company, PDVSA, following threats of sanctions, Kallanish ...
Russia’s Gazprom leads global production growth: Rystad
Russian producer Gazprom was the global leader in oil/gas production growth over the past five years, according to a note released Thursday by independent research company Rystad ...
Venezuela oil output is said to have dropped by 50%
Power failures that kept Venezuela in darkness for much of March also briefly slashed the country’s crude production by 50%, people familiar with the situation told Bloomberg. ...
Delek pays $128M for 33% of Plains’ Red River system
Plains All American Pipeline Tuesday announced it’s formed a joint venture with Delek Logistics Partners in the existing Red River Pipeline system, with Delek paying $128 million for a 33% ...
Citing differences, Shell walks away from U.S. refining lobby
Royal Dutch Shell Plc this week said it was leaving a U.S. refining lobbying organization in 2020 because the oil supermajor disagrees with the firm’s climate policy, ...