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Tech Talk for Monday January 14th 2019

Pre-opening Comments for Monday January 14th U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points in pre-opening trade. Index futures are responding to a lower than expected trade surplus reported by China. Brrrrrr, it’s cold outside. Biggest snow storm during t ...

TechnipFMC Names Doug Pferdehirt As New Executive Chairman

Oil services group TechnipFMC said on Jan. 10 Doug Pferdehirt would replace Thierry Pilenko as its executive chairman, following Pilenko’s imminent retirement. ...

Tech Talk for Monday January 7th 2019

Pre-opening Comments for Monday January 7th 2019 U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in early trade. General Electric (GE $) is expected to open higher on reports that the company is in talks to sell its jet leasing unit to Apollo. Eli Lilly dropped $3 ...

Trinidad Announces Termination of the Precision Arrangement Agreement, Voluntary Resignation of Trinidad Directors and Senior Officers and Replacement with Ensign Appointees

CALGARY, Nov. 27, 2018 /CNW/ – Trinidad Drilling Ltd. (TSX: TDG) (“Trinidad”) announces that Ensign Energy Services Inc. (TSX:ESI) (“Ensign”) has confirmed to Trinidad that Ensign’s  wholly-owned subsidiary Ensign Holdings Inc. has taken up approximately 56.38 per cent of the common sh ...

Anadarko To Sell Pipeline, Storage Assets For $4 Billion

Oil and gas producer Anadarko Petroleum Corp. said on Nov. 8 it would sell nearly all of its midstream assets, including pipelines, to its master limited partnership Western Gas Partners for $4.02 billion. The company is selling assets in the Permian Basin in Texas and New Mexico and the Denver-Jule ...

Aker Solutions Eyes Winning Lease For Offshore Wind Power In California

Norway’s oil services firm Aker Solutions expects to win a lease offshore California to build a floating wind farm as part of a wider consortium, the company’s chief executive said Oct. 24. In September, Redwood Coast Energy Authority (RCEA) and a consortium of private companies that includes Ak ...

Tech Talk for Tuesday October 23rd 2018

Pre-opening Comments for Tuesday October 23rd U.S. equity index futures were lower this morning. S&P 500 Index dropped 38 points in pre-opening trade. Futures responded to a fall in European and Asian equity indices. United Technologies dropped $0.50 to $125.90 despite after reporting higher than c ...

Transco Pipeline Receives Binding Commitments On Proposed Leidy South Expansion

Williams Cos. Inc. announced Oct. 9 that its Transco interstate pipeline has executed binding, 15-year commitments with Seneca Resources Co. LLC and Cabot Oil & Gas Corp. for 100% of the 580 million dekatherms of firm transportation capacity under its proposed Leidy South expansion project. The proj ...

Baker Hughes Acquires 5% Stake In ADNOC Drilling For $550 Million

Baker Hughes (NYSE: BHGE), the world’s second-largest oil services company, will take a 5% stake in Abu Dhabi National Oil Co.’s (ADNOC) drilling unit for $550 million under a tie-up announced on Oct. 8. Baker Hughes becomes the first foreign company to take a stake in one of state-owned ADNOC ...

Tech Talk for Wednesday September 26th 2018

  Observations European ETFs trading in U.S. Dollars show technical signs of bottoming. iShares Europe briefly moved above $45.91. Natural gas prices continue to move higher during their period of seasonal strength. Nice breakout above $3.05 per MBtu!   StockTwits Released Yesterday @EquityCloc ...