Oil & Gas

US Sets Largest Offshore Oil, Gas Lease Auction For March

The Trump administration on Feb. 16 said it would offer the largest oil and gas offshore auction in U.S. history on March 21 for areas in federal waters off the Gulf Coast, less than a year after a similar sale yielded little corporate interest. The Interior Department said it would offer 77.3 milli ...

Dividend Advisor Hotline – Friday, February 16, 2018

EMERA INC., $41.37, Toronto symbol EMA, owns 100% of Nova Scotia Power, that province’s main electricity supplier. It also holds interests in several power plants and natural gas pipelines in the U.S. and the Caribbean. In July 2016, Emera purchased Teco Energy for $13.9 billion. That firm suppli ...

OPEC pops the question – will Russia say ‘I do’?

OPEC is drafting an agreement to tie Russia into a so-called “super group” of oil producers. Details on the proposal are vague and the Kremlin’s willingness to consider such a betrothal is uncertain, despite some positive vibes between Russia and OPEC kingpin Saudi Arabia at the moment. In ...

US Drillers Add Oil Rigs For Fourth Consecutive Week

U.S. energy companies added oil rigs for a fourth week in a row even though crude pulled back from three-year highs over the past couple of weeks as more drillers boost their 2018 spending plans. Drillers added seven oil rigs in the week to Feb. 16, bringing the total count up to 798, the highest le ...

RECENT PULLBACK IN COMMODITIES IS LIKELY TIED TO STOCK CORRECTION -- COPPER AND OIL ARE STILL IN UPTRENDS

COMMODITY PULLBACK IS TIED TO STOCKS... My January 27 message wrote about a bullish breakout in commodity prices to the highest level in two years. I took that as another sign that inflation pressures were starting to build. The weekly bars in Chart 1 show that bullish breakout taking place in the ...

Marketed: Northeast Stack Assets, Red Bluff Resources

The following information is provided by Detring Energy Advisors. All inquiries on the following listings should be directed to Detring. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. Red Bluff Resources Operating, LLC ("Red Bluff" or "RBR") is offering for ...

Apollo Backs Frack Sand Logistics Provider Tidewater With Capital Investment

Certain funds managed by affiliates of Apollo Global Management LLC (NYSE: APO) have bought a majority stake in Tidewater Logistics Corp., a logistics services company focused on the frack sand market, Tidewater said Feb. 15. Tidewater Logistics said the capital investment by Apollo will fund a pipe ...

Spending Bill Expands Carbon Tax Credit, Boosting Oil Producers

A little-noticed addition to the U.S. budget deal approved last week will help Occidental Petroleum Corp. and other oil producers by more than tripling a tax credit for injecting carbon dioxide back into the earth to increase crude output. The tax-credit expansion, although supported by environmenta ...

Winston & Strawn Adds Two Renowned Commercial Litigators

Following the arrival of six energy and infrastructure partners hires from Norton Rose Fulbright in late January, Winston & Strawn LLP said on Feb. 15 that litigators Hugh Tanner and Denise Scofield have joined the firm in Houston. Tanner previously served as managing partner of Morgan Lewis & Bocki ...

Tech Talk for Friday February 16th 2018

Next Tech Talk report Next report is released on Tuesday February 20th. Monday is a holiday in the U.S. and Canada. Pre-opening Comments for Friday February 16th U.S. equity index futures were higher this morning. S&P 500 futures were up 3 points in pre-opening trade. Index futures were virtually ...