Energy News Results

  • New Coronavirus Concerns Drive Selloff in Raw Materials

    The threat of new coronavirus lockdown measures around the world dragged down raw materials prices Wednesday, heightening concerns among traders that investments tied to the global economy are set for another painful selloff. Commodities including oil and silver plummeted early in the year as lockdowns spread from China to Europe and the U.S., then staged a monthslong rebound this summer with the world economy reopening for business. That rally is starting to show cracks,...

  • Enterprise crude pipeline transport volumes drop 26.1% on oil price plunge

    Enterprise Products Partners LP (EPD) on Wednesday said crude pipeline volumes fell 26.1% in the third quarter as the COVID-19 pandemic hurt oil prices and left midstream companies with fewer barrels to transport after producers slashed output.

  • TABLE-UAE's Fujairah oil inventory data for week ended Oct. 26

    Fujairah Oil Industry Zone on Wednesday published the following weekly inventory data for oil products for the week ended Oct. 26, according to industry information service S&P Global Platts.

  • Oil rise nearly 2% on U.S. Gulf shutdowns, outlook weak

    * U.S. offshore Gulf oil cut 16% ahead of storm. * Libyan output to reach 1 million bpd in weeks. * U.S. crude inventories expected to rise -poll. * Coming Up: API oil data at 4:30 p.m. ET/2030 GMT. By Laura Sanicola.

  • BRIEF-Contango Announces Private Equity Capital Raise

    Contango Oil & Gas Co (MCF): * CONTANGO ANNOUNCES PRIVATE EQUITY CAPITAL RAISE. * Contango Oil & Gas Co (MCF) - EXECUTION OF AGREEMENT WITH SELECT GROUP OF INSTITUTIONAL AND ACCREDITED INVESTORS TO SELL 26.5 MILLION SHARES OF COMMON STOCK. * Contango Oil & Gas Co (MCF) - EXPECTS TO RECEIVE GROSS PROCEEDS FROM EQUITY CAPITAL RAISE OF ABOUT $39.7 MILLION Source text for Eikon: Further company coverage:

  • BRIEF-Contango Oil & Gas And Mid-Con Energy Partners, LP Announce Strategic Merger

    Mid-Con Energy Partners LP (MCEP): * CONTANGO OIL & GAS COMPANY AND MID-CON ENERGY PARTNERS, LP ANNOUNCE STRATEGIC MERGER CONTINUING CONTANGO’S CONSOLIDATION STRATEGY; CONTANGO ANNOUNCES RELATED INCREASE IN BORROWING BASE. * CONTANGO OIL & GAS (MCF) - MID-CON UNITHOLDERS WILL RECEIVE 1.75 SHARES OF CONTANGO STOCK FOR EACH MID-CON COMMON UNIT OWNED.

  • Oil drops 3% as virus infections, Libyan oil output rebound

    Oil prices fell more than 3% on Monday, extending last week's losses as coronavirus cases continued to surge in the United States and Europe, while Libya's rebound in crude production raised fears of oversupply. The United States reported its highest number yet of new coronavirus infections in two days through Saturday, while in France new cases hit a record of more than 50,000 on Sunday.

  • U.S. oil and gas rigs rise to highest since May -Baker Hughes

    U.S. energy firms this week added oil and natural gas rigs for a sixth week in a row for the first time since June 2018, with the industry expecting more momentum in drillers' return to the wellpad as crude prices steady around $40 a barrel.

  • Trinidad says Venezuelan vessel is 'upright' but crude transfer poses risks

    A Venezuelan floating oil facility that had been listing in recent weeks is upright and shows no sign of sinking, but plans to transfer crude off the vessel posed the risk of a spill, the energy minister of neighboring Trinidad and Tobago said.

  • Baker Hughes posts third straight quarterly loss as demand still hurt

    Oilfield services provider Baker Hughes Co (BKR) reported a third straight quarterly loss on Wednesday and warned that activity may be lower next year, as a coronavirus-induced slump in commodity prices continued to hurt demand for equipment and services. Producers have been drilling fewer wells following a collapse in crude oil prices this year as demand for oil products has sunk.

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