Williams Partners LP (WPZ) reported weaker-than-expected fourth-quarter 2016 earnings, primarily owing to lower volumes and decreased rates from Barnett and Anadarko areas.
PetroQuest Energy (PQ) recently declared its year-end estimated proved reserves and production results.
Energy equipment supplier National Oilwell Varco's (NOV) fourth-quarter loss came in narrower than expected as it cut costs and improved efficiencies.
Downstream operator Marathon Petroleum (MPC) reported a better-than-expected quarterly profit and reiterated its pledge to hasten asset dropdowns.
Value investing is easily one of the most popular ways to find great stocks in any market environment.
On Dec 27, 2016, Zacks Investment Research downgraded natural gas producer Ultra Petroleum Corporation to a Zacks Rank # 5 (Strong Sell).
Brazil's state-run energy giant Petroleo Brasileiro S.A. or Petrobras (PBR) recently announced that a Brazilian federal court has issued an order to block the sale of the interest of its subsidiary, BR Distribuidora.
We issued an updated research report on China Petroleum & Chemical Corp. (SNP) on Dec 1, 2016.
Leading independent energy player, Apache Corporation (APA) recently signed an agreement to divest its stake in a North Sea pipeline system.
We issued an updated research report on Oil drilling equipment maker FMC Technologies Inc. (FTI) on Nov 30, 2016.
Despite the challenging market, McDermott International (MDR) is well-positioned to extend its impressive rally in stock price.
Transocean Proteus Limited, a fully owned indirect affiliate of offshore drilling giant Transocean Ltd. (RIG), announced the pricing of senior secured notes worth U.S. $625 million in a public offering. These notes are due to mature by 2024.
Per reports recently published on Reuters, integrated energy major Royal Dutch Shell plc (RDS.A) is considering exiting its positions in Iraqi oil fields.
We issued an updated research report on onshore contract driller Patterson-UTI Energy Inc. (PTEN) on Nov 28, 2016.
Per reports published by Reuters, integrated energy major Royal Dutch Shell plc (RDS.A) is in talks to divest its onshore operations in Gabon.
Canada's largest energy firm, Suncor Energy Inc. (SU) recently provided the production outlook and capital expenditure guidance for 2017.
To focus on high-return assets and achieve capital efficiency, Anadarko (APC) has been systematically selling its non-core properties since 2004
We issued an updated research report on McDermott International Inc. (MDR) on Nov 23, 2016.
Oil transit chokepointsIn 2011, 17,799 ships transited the Suez Canal from both directions, of which 20 percent were petroleum tankers and 6 percent were LNG tankers. Only 1,000 feet wide at its narrowest point, the Canal is unable to handle Ultra Large Crude Carriers (ULCC) and most fully laden Very Large Crude Carriers (VLCC) class crude oil tankers.The 200-mile long SUMED Pipeline, or Suez-Mediterranean Pipeline, provides an alternative to the Suez Canal for those cargos too large to transit through the Canal (laden VLCCs and larger). The crude oil flows through two parallel pipelines that are 42-inches in diameter, with a total pipeline capacity of around 2.4 million bbl/d. Oil flows north through Egypt, and is carried from the Ain Sukhna onshore terminal on the Red Sea coast to its end point at the Sidi Kerir terminal on the Mediterranean. The SUMED is owned by Arab Petroleum Pipeline Co., a joint venture between the Egyptian General Petroleum Corporation (EGPC), Saudi Aramco, Abu Dhabi's National Oil Company (ADNOC), and Kuwaiti companies.The SUMED Pipeline is the only alternative route to transport crude oil from the Red Sea to the Mediterranean if ships were unable to navigate through the Suez Canal. Closure of the Suez Canal and the SUMED Pipeline would divert oil tankers around the southern tip of Africa, the Cape of Good Hope, adding approximately 6,000 miles to transit, increasing both costs and shipping time. According to the International Energy Agency (IEA), shipping around Africa would add 15 days of transit to Europe and 8-10 days to the United States.The majority of crude oil transiting the Suez Canal travels northbound, towards markets in the Mediterranean and North America. Northbound canal flows averaged approximately 535,000 bbl/d of crude oil in 2011. The SUMED Pipeline accounted for about 1.7 million bbl/d of crude oil flows from the Red Sea to the Mediterranean over that same period. Combined, these two transit points were responsible for nearly 2.2 million bbl/d of crude oil flows into the Mediterranean.- - - -http://www.eia.gov/cabs/Egypt/Full.html- - - -http://geroldblog.com/2012/04/21/gas-going-down-in-price/- - - -Canal CharacteristicsTraffic statisticsDetailed Yearly Statistical Report - - - -Suez Canal Reports- - - -http://www.canal-shipping.com/canal%20suez/charac.html- - - -ликбез о Суэцком канале и танкерах