SJI Announces New Jersey Regulatory Approval for Acquisition of Elizabethtown Gas

June 22, 2018@4:45 PM TFP Editor 0

SJI Announces New Jersey Regulatory Approval for Acquisition of Elizabethtown Gas   Media Contact:  Marissa Travaline(609) 561-9000 ext. 4227Investor Contact: Dan Fidell(609) 561-9000 ext. 7027 SJI Announces New Jersey Regulatory Approval for Acquisition of Elizabethtown Gas FOLSOM, N.J., June 22, 2018 – South Jersey Industries (NYSE: SJI) announced today that New Jersey Board of Public Utilities approval has been granted to complete the acquisition of New Jersey-based Elizabethtown Gas from Pivotal Utilities Inc., a subsidiary of Southern Company Gas. The company previously announced on June [Read More]

Victory Oilfield Tech Announces Private Placement Offering of Up to $7 Million and Posts New Company Presentation to Website

June 22, 2018@4:30 PM TFP Editor 0

Victory Oilfield Tech Announces Private Placement Offering of Up to $7 Million and Posts New Company Presentation to Website AUSTIN, Texas, June 22, 2018 (GLOBE NEWSWIRE) — Victory Oilfield Tech (OTCQB:VYEY) (“Victory” or the “Company”) today announced that it is presently raising up to $7 million of new capital to help accelerate the Company’s expansion into the oilfield energy-tech industry through a Private Placement. The net proceeds from the offering are expected to be primarily utilized for targeted oilfield service company acquisitions, accelerate product acceptance and [Read More]

U.S. Rig Count Sees Largest Decrease Since November

June 22, 2018@4:27 PM TFP Editor 0

In the major basins rig increase is nil; but oil popularity nears all-time highDrilling activity fell this week, marking the second straight decrease in operational rigs, according to Baker Hughes’ Weekly Rig Count. A net seven rigs shut down this week, the largest decrease since early November. Three land-based rigs shut down, while two offshore and inland waters rigs stopped drilling. This leaves 1,032 land, two inland waters and 18 rigs operational, for a grand total of 1,052 rigs drilling in the country. Gas drilling [Read More]

Brent/WTI spread narrows sharply in wake of OPEC output deal

June 22, 2018@4:24 PM TFP Editor 0

The oil complex surged Friday, taking many in the oil world by surprise after OPEC and its 10 non-OPEC partners put aside political differences and agreed to adhere to 100% of their production cuts, effectively boosting global supply. Prompt NYMEX August crude led the way, settling $3.04 higher at $68.58/b. ICE August Brent lagged slightly, settling $2.50 higher at $75.55/b. The rally came as a surprise because even though no firm numbers were specified in the meeting communique, analysts expect around 770,000-800,000 b/d of [Read More]

Dow snaps losing streak on energy lift

June 22, 2018@3:20 PM TFP Editor 0

NEW YORK (Reuters) – The S&P 500 and Dow Jones Industrial Average climbed on Friday, as the Dow put to rest an eight-day losing streak with a boost from energy stocks, but losses in the technology space kept the Nasdaq in check. Read on Reuters

Basic Energy Services to Participate at the Simmons 2nd Annual London Energy Summit

June 22, 2018@3:15 PM TFP Editor 0

Basic Energy Services to Participate at the Simmons 2nd Annual London Energy Summit FORT WORTH, Texas, June 22, 2018 /PRNewswire/ — Basic Energy Services, Inc. (NYSE: BAS) announced today that its senior management will participate in the Simmons 2nd Annual London Energy Summit in London on Tuesday, June 26.  An updated investor presentation will be made available in the Investor Relations section of the company’s website at www.basicenergyservices.com. Basic Energy Services provides well site services essential to maintaining production from the oil and gas wells within [Read More]

Mexico Oil Refining Industry Report 2018 – ResearchAndMarkets.com

June 22, 2018@3:05 PM TFP Editor 0

The “Oil Refining Industry in Mexico 2018” report has been added to ResearchAndMarkets.com’s offering. Oil Refining Industry in Mexico is a complete source of information on Mexico crude oil refining industry. It provides refinery level information relating to existing and planned (new build) refineries such as insights and forecasts of refinery capacities, refined petroleum products production and consumption, refinery complexity factor and comparison against peer group countries in the respective region. The report also covers complete details of major players operating in the refining sector [Read More]

OPEC Aims to Reduce Cuts to the 100% Compliance Mark

June 22, 2018@3:02 PM TFP Editor 0

OPEC meeting result: oil production from OPEC member countries is to increase until the  over-compliance with 2016’s agreed cuts has been eliminatedThe anticipated 174th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) concluded in Vienna today with an announcement that with the oil market in apparent balance, OPEC’s goal is to return production to 100% of the Nov. 2016 agreement level. OPEC said that the oil market situation has improved during the past six months and that the global economy is [Read More]