Tidewater Announces Closing of the Acquisition of the Prince George Refinery and Third Quarter, 2019 Earnings Call Details

Tidewater Midstream and Infrastructure Ltd. (“Tidewater”) (TSX:TWM)‎ is pleased to announce that it has closed its previously announced acquisition of Husky Energy’s light oil refinery (“PGR“) located at Prince George, British Columbia (the “Acquisition“).  In conjunction with the Acquisition, Tidewater has also closed the previously announced: expansion of its credit facility from $350 million to [Read more]

Source: BOE Report

To E-frac or Not? Not Everyone is Sold on the Method

PetroScout Published by Enverus

With an abundance of cheap natural gas being produced across the U.S., oil & gas operators are considering utilizing the clean-burning fuel as a fuel source for hydraulic fracking fleets. Electric frac, or e-frac, fleets use electric-driven pumps that are most commonly powered by natural gas turbine generating units, according to Baker Hughes CEO, Lorenzo Simonelli.

E-frac units ...

Participation in electricity customer choice programs has remained unchanged since 2013

After more than a decade of steady growth, the share of U.S. electricity sales served by non-utility retail power marketers has grown only slightly since 2013, according to the U.S. Energy Information Administration's (EIA) survey of electric utilities. Nineteen states and the District of Columbia allow some commercial and industrial customers to choose competitive retail power marketers. Fifteen of those states and the District of Columbia allow customers in all sectors to choose competitive retail power marketers.

Source: EIA: Today in Energy

California Resources Corporation Announces Third Quarter 2019 Results

LOS ANGELES–(BUSINESS WIRE)–California Resources Corporation (NYSE: CRC), an independent California-based oil and gas exploration and production company, today reported net income attributable to common stock of $94 million, or $1.89 per diluted share, for the third quarter of 2019. Adjusted net income1 was $17 million, or $0.35 per diluted share. Operational and financial highlights for [Read more]

Source: BOE Report

U.S. refinery operations-Phillips 66 Sweeny Refinery Reports Gas Compressor Restart After Trip

The following is a list of refinery incidents reported in the United States on Oct. 31: * Citgo Corpus Christi, Texas East Plant Issues All Clear on Oct. 30 * Phillips 66 Sweeny Refinery Reports Gas Compressor Restart After Trip * Shell Reports Flaring at Martinez, Calif. Refinery at LOP Plant =============================================================================================== REFINERY INCIDENTS: (LISTED [Read more]

Source: BOE Report

Asian shares turn higher after positive China data

Asian shares reversed early losses on Friday as an unexpected bounce in Chinese manufacturing activity offset some negativity cast by a Bloomberg news report that raised doubts over whether the United States and China can reach a long-term trade deal. Factory activity in China expanded at its fastest pace in more than two years in [Read more]

Source: BOE Report

U.S. oil may rise towards $55.03

U.S. oil may break a resistance at $54.48 per barrel and rise towards the next resistance at $55.03, as a corrective wave cycle from $56.92 has completed. Labelled c, the third wave of the cycle is roughly equal to the first wave labelled a. This equality, along with the bounce from the Oct. 31 low [Read more]

Source: BOE Report