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Wood Group wins FEED contract for first-of-its-kind LNG production platform

5h worldoil
HOUSTON -- The Honghua Group Limited has awarded a $12 million front-end engineering design (FEED) contract to Wood for its LNG platform development in the West Delta area of the Gulf of Mexico. (25-0)

US Crude Oil Rigs Were Flat Last Week

11h marketrealist
Baker Hughes, a General Electric company, published its US crude oil rigs report on November 17, 2017. It reported that US oil rig counts were flat at 738 on November 10–17, 2017. The rigs rose 63.3% from the same period in 2016. US crude oil (OIL) (USO) (UCO) prices were trading near a 30-month high. Higher oil prices help oil producers (XLE) and drillers (XES) like Diamond Offshore Drilling (DO), Transocean (RIG), Halliburton (HAL), and Matador Resources (MTDR). (41-0)

How decades of bad decisions broke GE

12h money.cnn
But now GE faces a different kind of challenge -- a nightmare cash crunch that could take years to recover from. GE (GE) has been left in turmoil by years of questionable deal-making, needless complexity and murky accounting. (29-0)

WTI holds near $56/bbl after surging on saudi cut-extension plea

13h worldoil
LONDON (Bloomberg) -- Oil held near $56/bbl after surging the most in almost two weeks as Saudi Arabia’s energy minister said OPEC should announce an extension to supply cuts when it meets at the end of the month. (25-0)

What Could Drive US Crude Oil Futures This Week?

13h marketrealist
On November 21, 2017, the American Petroleum Institute will release its weekly crude oil inventory report. The U.S. Energy Information Administration will publish its “Weekly Petroleum Status Report” on November 22, 2017. Baker Hughes will release its US oil rig count report on November 24, 2017. All of these events could influence oil (DWT) (DBO) prices this week. Brent (BNO) and US crude oil (DTO) (OIL) are near a multiyear high. (64-0)

Can Williams Bounce Back from Its November Losses?

15h marketrealist
William Companies (WMB) stock has been very weak over the recent trading session. The C corporation GP (general partner) of Williams Partners (WPZ) is currently trading close to its 15-month low of $27.5. It has lost 4.5% since the start of this month. At the same time, the Alerian MLP ETF (AMLP), which consists of 25 energy MLPs (master limited partnerships), has lost 4.4%. (30-0)

EUR Recovers After German Coalition Shock

16h seekingalpha
The collapse of the German coalition talks over the weekend would suggest that Germany is no longer the role model of 'political' stability. Europe's strongest economy has the possibility of three options ahead, a minority government, a continuation of the current grand coalition or new elections. (25-0)

Oil futures pull lower as ‘wait-and-see mode’ hangs over energy market - MarketWatch

16h marketwatch
“I don’t see too significant a price rise,” even if OPEC extends production-cut deal, says economist (25-0)

Oil Markets in ‘Wait-and-See’ Mode Ahead of OPEC Meeting - WSJ

17h wsj
Oil prices were steady Monday ahead of next week’s meeting of global crude producers where an extension of output cuts is set to be discussed. (25-0)

Tracking Jeffrey Ubben's ValueAct Portfolio - Q3 2017 Update

18h seekingalpha
The top three positions are Twenty First Century Fox, Alliance Data Systems, and Baker Hughes and they add up to ~38% of the portfolio. (288-1)

Oil Holds Gain Above $56 After Surge on Saudi Cut Extension Plea - Bloomberg

21h bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (25-0)

Baker Hughes' sell-off could mean buying opportunity -Barron's

2017-11-19 reuters
NEW YORK, Nov 19 (Reuters) - A recent sell-off in the stock of Baker Hughes, a GE-owned company, might mean a chance to buy the shares at a bargain, a report in Barron’s financial newspaper said. (39-1)

General Electric Sinks Further as DJIA’s Worst Performing Stock

2017-11-18 247wallst
General Electric Co. (NYSE: GE) shares tumbled by more than 11% last week following Monday’s investor presentation by CEO John Flannery. The collapse solidified GE’s position as the worst performing equity on the Dow Jones Industrial Average index, with a year-to-date loss of nearly 41%. (56-0)

Oil rises over 2pc, but shows first weekly fall in six

2017-11-18 themalaymailonline
Oil prices fell for the first week in six, pressured by rising US output data and doubts that Russia would support an extension of the Opec output cut deal. — Reuters picNEW YORK, Nov 18 — Oil rebounded more than 2 per cent yesterday after falling for five straight session as a major US crude pipeline was shut and traders anticipated an Opec deal to extend curbs on production. (40-0)

Energy Recap: Keystone Pipeline In The News After Oil Leak

2017-11-18 seekingalpha
Every Friday, Seeking Alpha provides a roundup of insightful opinion and analysis articles in the energy sector. (40-0)

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