HEP acquires majority interest in GT Omniport Terminal in Texas – Oil & Gas Financial Journal


San Antonio Business Journal
HEP acquires majority interest in GT Omniport Terminal in Texas
Oil & Gas Financial Journal
The GT Omniport Terminal, which currently handles crude oil, will be expanded to receive, blend, store, and re-deliver refined products and natural gas liquids. Additional storage capacity, interconnectivity to local refined products and crude oil
Texas company to expand oil-by-rail terminalReuters

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Shell, Conoco cut back as others tout oil tech – Houston Chronicle (subscription)


New York Times
Shell, Conoco cut back as others tout oil tech
Houston Chronicle (subscription)
Another reason prices aren’t rising is that some companies plan to keep pumping out more oil. Occidental Petroleum Corp. executives said Thursday the march of oil field technology is making it cheaper to get crude to flow out of ancient Texas rock.
Oil Majors Resigned To Lower Oil Price EnvironmentOilPrice.com

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Commentary: Finding agreement between “frenemies” — oil field services and … – Chron.com (blog)


Chron.com (blog)
Commentary: Finding agreement between “frenemies” — oil field services and
Chron.com (blog)
Recently, I sat in on two meetings. One involved the executive vice president of a major integrated oil company and the top members of the sales/business-development team of an oilfield service company. The other involved the executive vice president

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Oil price: Shell says downturn could last 'years' as it slashes jobs – The Week UK


The Week UK
Oil price: Shell says downturn could last ‘years’ as it slashes jobs
The Week UK
Royal Dutch Shell and British Gas-owner Centrica have said they will cut between them 12,500 oil exploration and production jobs in the face of a pricing downturn that could last “for several years”. Global oil giant Shell, which is working through a
Never mind Iran. Oil price is going nowhere: CitiCNBC
Iran nuclear deal prospects put pressure on oil priceThe Guardian
Crude oil has turned greenBusiness Insider
CNNMoney –Sky News –New York Times
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Shell cuts 6500 jobs as oil price slump continues – The Guardian


The Guardian
Shell cuts 6500 jobs as oil price slump continues
The Guardian
Ben van Beurden, Shell’s chief executive, said: “We have to be resilient in a world where oil prices remain low for some time. We have to be an attractive and resilient company at today’s oil price, no matter how long this oil price will continue. We
With no sign of oil price rebound, Shell wields axe againReuters
Centrica and Shell cut 12000 jobs as oil price collapse takes its tollThe Independent
Oil price slump costs another 12500 jobsCNNMoney
USA TODAY –Fortune
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Former Exxon President On Mission To Clean Up Oil Sands – OilPrice.com


The Globe and Mail
Former Exxon President On Mission To Clean Up Oil Sands
OilPrice.com
“It is really simple,” Dr. Bailey told Oilprice.com. “In the same way that soap washes grease from plates, with the grease adhering to the soap and pulling it off, so new technology in the form of an innovative solvent can pull the oil out of oil sands
Canadian Oil Sands Posts Loss on Lower Crude PricesWall Street Journal
Canadian Oil Sands suffers loss on lagging crude prices, Alberta’s corporate The Globe and Mail

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Oil price rises on signs of US output slowdown – Financial Times


Financial Times
Oil price rises on signs of US output slowdown
Financial Times
Oil prices rose about 1 per cent on Thursday as traders bet the worst of the recent rout might be over after data showed a possible slowdown in US production. International benchmark Brent rose by as much as $1 a barrel to a high of $54.38 before
Crude Oil Price Tops $48 on Huge Inventory Draw24/7 Wall St.
Oil Prices Fall on Stronger DollarWall Street Journal
Oil Price Rises After Lower US InventoriesMarketPulse (blog)
CNNMoney –Economic Times
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Conoco results beat estimates, cuts capex amid low oil price – Reuters


Reuters
Conoco results beat estimates, cuts capex amid low oil price
Reuters
ConocoPhillips, the largest U.S. independent oil and gas company, reported quarterly results that beat analysts’ expectations Thursday and said it would cut capital expenditure as low crude oil prices persist. The Houston-based company said it would
ConocoPhillips: Never Mind The Oil Price Crash, This 5.6% Dividend Yield Play Seeking Alpha

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Oil price stability on the horizon as companies cut jobs and costs – euronews


RT
Oil price stability on the horizon as companies cut jobs and costs
euronews
OPEC says it expects oil prices to become more stable over the next year. Despite oil prices dropping over 50 percent since 2014 the organisation decided in June to keep production unchanged to protect its market share. Russia adopted the same stance.
Oil prices will not fall lower – OPEC chiefRT
Oil price will stabilise next year: OpecTrade Arabia
Oil Price Fluctuations at $50-$65 per Barrel ‘Normal’ – Energy MinisterSputnik International
Europe Online Magazine –U.S. News & World Report –Ukraine Today
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UPDATE 3-Cenovus Energy to cut jobs, dividend amid oil price slump – Reuters

UPDATE 3-Cenovus Energy to cut jobs, dividend amid oil price slump
Reuters
It will wait until 2016 to consider expansion projects deferred earlier this year, with investment decisions dependent on oil price stability, balance sheet strength and other factors. Cash flow, a measure of Cenovus’s ability to fund new projects
Cenovus Energy to cut jobs, dividend amid oil price slumpReuters Canada
Cenovus slashes dividend, cuts jobs to counter oil price slumpCanadian HR Reporter

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'Lower-for-longer' oil price predictions cast gloom on intermediates' Q2 results – Calgary Herald


Calgary Herald
‘Lower-for-longer’ oil price predictions cast gloom on intermediates’ Q2 results
Calgary Herald
Grim resolution replaced cautious optimism as several Calgary-based intermediate oil and gas companies rolled out second-quarter results marred by multimillion-dollar losses, cost-cutting and painful negotiations with lenders. Recent setbacks in

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Continued Low Oil Prices Cause Oil Majors To Cut 10000 More Jobs – OilPrice.com


OilPrice.com
Continued Low Oil Prices Cause Oil Majors To Cut 10000 More Jobs
OilPrice.com
In the beginning of 2015 the biggest threat to the economy as a result of the collapse in oil prices, both in the US and worldwide, was the surge in layoffs among highly-paid energy sector jobs. This was confirmed in April when we showed the Challenger …
Chevron to lay off 1500 workers amidst oil price slumpReuters
Chevron to lay off 1500 workers amid oil price slumpSpringfield Business Journal

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Sustainable oil from algae: the technology is ready, but what about the politics? – The Conversation AU


The Conversation AU
Sustainable oil from algae: the technology is ready, but what about the politics?
The Conversation AU
But when we talk about algae biofuel, we mean the green, renewable and sustainable version, rather than traditional fossil crude oil. The main requirements for making algae biofuel are: lots of sunlight, plenty of space, and easy access to the sea

The 10 new oil field technologies to the rescue in the Eagle Ford – San Antonio Business Journal (blog)


San Antonio Business Journal (blog)
The 10 new oil field technologies to the rescue in the Eagle Ford
San Antonio Business Journal (blog)
With six-year low crude oil prices, everyone out in the patch is looking for a way to trim their production costs. The price downturn has spurred innovation and efficiency with inventors creating new gadgets and finding new ways to save. Some 390

San Antonio expo gives companies chance to showcase oil-field products – mySanAntonio.com (blog)


mySanAntonio.com (blog)
San Antonio expo gives companies chance to showcase oilfield products
mySanAntonio.com (blog)
Despite a downturn in crude oil prices this year, nearly 400 booths lined the floor of the Henry B. Gonzalez Convention center Wednesday for the start of the South Texas Oil Field Expo. Companies from all over the U.S. came to showcase their latest …

Crude Oil Price Tops $48 on Huge Inventory Draw – 24/7 Wall St.


24/7 Wall St.
Crude Oil Price Tops $48 on Huge Inventory Draw
24/7 Wall St.
Crude oil prices have dropped more than 20% since the beginning of July as investors and traders try to figure out when (if?) the supply glut is ending or ever will end. The number of U.S. land-based drilling rigs rose last week and though onshore
Oil prices have plunged nearly 20% this monthCNNMoney
Has The E&P Industry Lost Touch With Reality?OilPrice.com
Oil Prices Fall to Four-Month Low Amid Chinese Stocks RoutWall Street Journal
Business Spectator –Market Realist –Live Trading News
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Total Shrugs Off Weaker Oil Prices – Wall Street Journal


Wall Street Journal
Total Shrugs Off Weaker Oil Prices
Wall Street Journal
Total’s strategy for stubbornly low oil prices has been similar to other major energy companies: extract as much oil and gas from current operations while cutting back aggressively on all costs and reducing investment in long-term projects. Along with
Total profit beats despite oil price slumpCNBC
Total’s 2Q Profit Shows Limited Impact of Low Oil Price –UpdateCapital.gr (press release)
Total beats profit forecast, cost cuts to exceed targetsYahoo News UK

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Rebounding oil price powers TSX – Toronto Star


CTV News
Rebounding oil price powers TSX
Toronto Star
The Toronto Stock Exchange rose for a second day, pushed higher by strength in the energy sector and a rising price for oil. The S&P/TSX composite index rose 224.44 points to close at 14,301.80. In the U.S., the Dow Jones industrial average climbed 121
CANADA STOCKS-TSX bounces higher on Fed, oilprice riseReuters
MARKET REPORT: TSX up again with oil priceTheChronicleHerald.ca

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COMMENTARY: Texas Railroad Commission regulates oil and gas wells – Monitor


Monitor
COMMENTARY: Texas Railroad Commission regulates oil and gas wells
Monitor
When it comes to the Railroad Commission of Texas, the name says little about what this important state agency does on a day-to-day basis. With 125 years of history, the commission was established to oversee the regulation of railroads in the state
Craddick: Environmentally responsible regulation benefits all TexansMidland Reporter-Telegram

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Texas on track to beat 1972 oil production record – Chron.com (blog)


Chron.com (blog)
Texas on track to beat 1972 oil production record
Chron.com (blog)
The American Petroleum Institute used 2014 data from the U.S. Energy Information Administration to compare the oil and gas production power of states like Texas and Louisiana to the biggest energy producing countries around the globe. Click through to …
Texas oil production to break records despite price slumpHouston Business Journal (blog)
Texas oil production set to top record despite slumpSan Antonio Express-News (subscription)
Texas Petro Index declines 15 percentOil & Gas Financial Journal
Natural Gas Intelligence
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