Data For 09/18/17

<br> Summary Excerpt: <br> <br> Regular Gasoline Retail Price <br> (Dollars per Gallon) <br> 2.634 .. U.S. <br> 2.691 ... East Coast <br> 2.740 .... New England <br> 2.764 .... Central Atlantic <br> 2.622 .... Lower Atlantic <br> 2.446 ... Midwest <br> 2.465 ... Gulf Coast <br> 2.599 ... Rocky Mountain <br> 3.022 ... West Coast <br> 2.779 ... ...

Petrobras To Issue $2B New Bonds, Exchange Shorter-Term Debt

Petrobras plans to offer U.S.-dollar denominated global notes in one or more series for a total principal amount of up to US$2 billion, and to purchase or exchange five series of outstanding notes, Brazil’s state-controlled oil firm said on Monday as it seeks to cut debt and extend bond maturities.   The new notes issue is subject to ...


Suncor Energy’s Petro-Canada brand introduces the Class of 2017

CALGARY, ALBERTA–(Marketwired – Sept. 18, 2017) – Today, Petro-Canada, a Suncor business, announced the 2017 Fuelling Athletes and Coaching Excellence (FACE™) Program grant recipients. Every year, Petro-Canada selects fifty-five promising athletes from across Canada. These athletes and their coaches are awarded a $10,000 FACE grant to help them along their journey, with $5,000 going directly [Read More…]

Source: BOE Report

5 Top Marijuana Stocks For 2017

The U.S. marijuana market is forecast to reach $25 billion by 2020, with recreational use currently legalized in only two states, while the Canadian pot market forecast to be worth about $8 billion, and recreational use is expected to be legalized countrywide in less than a year. Some think $25 billion is an understatement: Cowen and Company investment bank ...


NEB inspectors cite Enbridge’s B.C. pipeline expansion construction failures

CALGARY – The National Energy Board is ordering a subsidiary of Enbridge Inc. (TSX:ENB) to take measures to improve worker safety and environmental protection after several infractions were spotted during field inspections of a B.C. pipeline expansion project. The agency says it issued three orders to Spectra Energy Transmission concerning construction of its High Pine [Read More…]

Source: BOE Report

IEA: Price Spike Coming In 2020

The oil market has been awash in crude for more than three years, and OPEC has struggled to accelerate the rebalancing effort, but the world could be heading for a supply crunch in a few years due to the sharp fall in industry spending. The halving of oil prices from $100 per barrel before 2014 down to just $50 today ...


National Energy Board Issues three Inspection Officer Orders to Spectra Energy Transmission (Westcoast Energy Inc.)

The National Energy Board (NEB) has issued three Inspection Officer Orders (Orders) to Westcoast Energy Inc., carrying on business as Spectra Energy Transmission (Westcoast) for the company’s failure to adhere to worker safety, pipe handling and environmental protection requirements during construction activity on the High Pine Expansion Project near Chetwynd, British Columbia.

Source: National Energy Board - News Release

Reserves vs Valuations: Exxon’s Permian Predicament

The world’s largest listed oil firm, ExxonMobil, has been lagging behind other supermajors in reserve replacement ratio—a key metric in the industry that shows the amount of proved reserves a company adds to its reserve base during the year relative to the amount of oil and gas it produced. For Exxon, one of the quickest ways to add reserves is ...


The World’s Largest Offshore Oil Field Is Back In Action

Without much international fanfare, the world’s largest offshore oil field and the largest discovered in the last 40 years, Kazakhstan’s Kashagan Field, is on the verge of finally moving beyond the manifold impediments that hindered its development. Discovered in 2000, the 13 Bbbl field (38 Bbbl of oil in place) was set to begin producing in 2005, however, the first ...


Oryx Midstream to Build New Regional Crude Oil Transport Pipeline in the Delaware Basin

WPX Energy Makes Delaware Basin Dedication to New System MIDLAND, Texas–(BUSINESS WIRE)–Oryx Midstream Services II, LLC (Oryx II) announced today that it will build a new regional crude oil transportation pipeline serving the Delaware Basin with initial capacity of up to 400,000 barrels per day. Oryx II recently closed on a long-term regional oil transportation [Read More…]

Source: Headlines – BOE Report