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Chevron (CVX) Inks Final Phase of $1.7B JV Deal With NNPC

2017-11-22 zacks
Chevron Corporation (CVX - Free Report) recently sealed the second and final phase of the $1.7-billion joint venture (JV) deal with state-owned Nigerian National Petroleum Corporation (‘’NNPC’’). (58-0)

Has The Big Oil Fire Sale Started?

2017-11-22 seekingalpha
The world’s largest sovereign wealth fund is exiting the oil market - a fact that is sure to have shaken Big Oil to the core. (43-0)

Oil & Gas Stock Roundup: Keystone XL's Approval, BP's Buyback & More

2017-11-21 zacks
On the news front, sponsor TransCanada (TRP - Free Report) won approval to build its controversial Keystone XL Pipeline through the state of Nebraska, while BP Plc (BP - Free Report) became the first European oil major to resume share repurchase since the 2014 oil slump. (86-0)

Oil veteran Andy Hall said to brief OPEC on U.S. shale

2017-11-21 worldoil
Hall, once known in the industry as “God” for his lucrative trades, will be among a number of speakers presenting at the headquarters of the Organization of Petroleum Exporting Countries in Vienna, according to the agenda. They also include a representative from Citigroup Inc. and a consultant for U.S. oil services company Schlumberger Ltd. (132-1)

More Rigs Gather at Permian Basin as Oil & Gas Prices Recover

2017-11-21 zacks
In its weekly release, Houston-based oilfield services player Baker Hughes, a GE company (BHGE - Free Report) , reported an increase in natural gas rig count in the United States. The number of rigs exploring oil remained in line with the prior week. Details Weekly Summary: Rigs engaged in the exploration and production of oil and natural gas in the United States totaled 915 in the week ended Nov 17 — higher than the prior week’s 907. (77-1)

Schlumberger: Breaking Down

2017-11-17 seekingalpha
Schlumberger (SLB) continues to struggle amid higher oil prices. Although oil prices are reaching multi-year highs, moderating production investment is clouding the company's outlook for the future. With no apparent end in sight, it makes sense to add some short exposure by utilizing a put spread. (2-0)

Slumping Quant Score Keep Schlumberger (SLB) a Sell

2017-11-17 investorplace
Schlumberger NV (NYSE:SLB) is a constituent of the 73 company Energy Equipment & Services GICS industry group, which is a segment of the 363 company GICS Energy sector. The market value of SLB is $91.1 billion which falls in the top 10% of its industry group. The current Portfolio Grader ranking for SLB puts it 54 among the 73 companies in this industry group, giving it a lower than average position; squarely in the bottom quartile of the sector with a ranking of 292 among the 363 companies in the sector, and number 3,827 in the nearly 5,000 company Portfolio Grader universe. (2-0)

Schlumberger's Operations in Ecuador Face Financial Crunch

2017-11-17 zacks
Schlumberger Limited (SLB - Free Report) has stated that Ecuador's government has failed to accede with a payment agreement of $350 million, which was a portion of $850-million debt. The operations of the largest oilfield service player in the Andean nation is hampered. In November, Ecuador had agreed to discharge its debt with the oil company in tranches but failed to fulfill its obligation. Petroamazonas, a state oil company, was supposed to make the payment. (12-0)

Did GE's CEO Imply The Stock Is A Hold?

2017-11-16 seekingalpha
On the plus side, GE's CEO seems to have a refreshing, no-nonsense approach to managing the struggling conglomerate. (41-0)

Baker Hughes, *Cough* a GE Company *Cough, Cough* - Bloomberg Gadfly

2017-11-16 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. (43-0)

Libya's NOC opening U.S. purchase office as it pursues Trump support

2017-11-15 reuters
HOUSTON, Nov 15 (Reuters) - Libya’s National Oil Corp plans to open a U.S. procurement office, its first international facility since a 2011 revolt left the country in disarray, to expand suppliers and convince the Trump administration to support its oil sector. (3-0)

Also at Play in Oil Rebound: American Wildcatters Show Restraint - WSJ

2017-11-15 wsj
Oil traders and analysts have traced the market’s recovery to signs of tighter supply and a return of geopolitical tensions. (89-0)

Cenovus (CVE) Sells Weyburn Assets to Whitecap Resources

2017-11-14 zacks
Cenovus Energy Inc. (CVE - Free Report) recently agreed to divest its carbon dioxide enhanced oil recovery operation, Weyburn oil facility in Saskatchewan for C$940 million ($738.53 million) to Whitecap Resources Inc, based in western Canada. The sale of the oil facility, whose current production capacity is 11,500 barrels of oil equivalent per day, is expected to be completed by the fourth quarter of 2017. (45-0)

New Tidewater CEO Larry Rigdon Joins Todd Hornbeck's Gloomy Industry Forecasts

2017-11-13 seekingalpha
Shares are trading at bargain levels compared to industry peers and particularly the offshore drilling industry. (37-0)

Venezuelan oil output heads to 29-year low as cash crunch grows

2017-11-11 worldoil
HOUSTON and NEW YORK (Bloomberg) -- Venezuela is set to pump the least oil in almost three decades, just when it needs petrodollars the most. (12-0)

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