Daily Oil & Gas and Wall Street Journal News
9/22/19 Oil Prices Up for the Week Posted on Thursday September 19, 2019
An exciting week for WTI and Brent crude oil future has come to an end.
US Drillers Lose 18 Oil, Gas Rigs Posted on Thursday September 19, 2019
The U.S. lost a net total of 18 oil and gas rigs this week.
Bahamas Terminal Returns to Full Ops Posted on Thursday September 19, 2019
Buckeye Partners reported that it has resumed full operations at its Buckeye Bahamas Hub.
Permian Child Wells May Cut Oil Recovery By 20 Percent Posted on Thursday September 19, 2019
Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together.
More Haynesville Gas Headed to Gulf Coast Posted on Thursday September 19, 2019
Enterprise Products Partners will expand and extend its Acadian natural gas pipeline system linking the Haynesville Shale to the LNG market in South Louisiana.
McDermott May Sell Lummus Posted on Thursday September 19, 2019
McDermott is considering selling all or part of its Lummus Technology business.
Aramco Reveals Damage to Giant Oil Field Posted on Thursday September 19, 2019
Saudi Aramco revealed damage caused by an aerial strike on its Khurais oil field last weekend.
Volatile Market Expected to Continue in 2H Posted on Thursday September 19, 2019
The oil and gas market is expected to continue to be volatile in the second half of 2019, Petronas notes.
Texas Coast Reels from Flooding Posted on Thursday September 19, 2019
The remnants of Tropical Storm Imelda lashed Houston and coastal Texas, inundating homes, paralyzing travelers, disrupting oil supplies and threatening hospitals and refineries.
Risk of Further Saudi Attacks High Posted on Thursday September 19, 2019
The risk of further high-impact attacks against Saudi energy infrastructure is high, according to Verisk Maplecroft.
Wall Street Journal
WSJ.com: US Business
This Company Has Filed 10,000 Appeals to Trump's Tariffs President Trump has said China is paying the cost of tariffs, but many U.S. importers see them as threats and are racing to seek exemptions. One such company has filed nearly two-thirds of all appeals. Oil Companies, Pushed to Address Climate, Disagree on How As global leaders prepare to debate action on climate change at the United Nations, big oil companies are aiming to show that they are part of the solution to a problem they helped cause. Deere Turns to U.S. After Growth Stalls Overseas Deere?s incoming chief executive will take charge as the struggling tractor maker switches course from its sluggish global expansion to a narrower focus on its home U.S. market. Uber, Lyft Drivers Torn as California Law Could Reclassify Them Some gig-economy workers who drive for Uber and Lyft see downsides ahead with California?s new law that might label them as employees instead of independent contractors. The War for Talent in the Age of Netflix In the battle to dominate the new entertainment landscape, Hollywood?s titans are borrowing from Netflix?s playbook, transforming how they do business with writers, producers and stars?and how money is made in entertainment. Americans Are Saving More, and That Isn't Necessarily Good Household saving typically rises after a recession as people pay down debt and rebuild balance sheets, then declines as they grew more optimistic?and spendthrift. But in the current expansion, it just keeps rising. Fracking Ban, Pushed by Democratic Hopefuls, Could Dent Economy Climate-change platforms of some Democratic presidential candidates propose a ban on fracking, a move that is popular with their supporters but could have consequences for the U.S. economy.