OklahomaMinerals.com

Snippets

• Cheniere seeks U.S. permission to put Oklahoma Midship natgas pipe in service
  (Reuters) - Cheniere Energy Inc has completed the Midship natural gas pipeline in Oklahoma at...
  (Reuters) - Cheniere Energy Inc has completed the Midship natural gas pipeline in Oklahoma at a cost of around $1 billion and is seeking federal regulators’ permission to put it into service, according to a filing made available last Wednesday.
  
  Cheniere has asked the U.S. Federal Energy Regulatory Commission (FERC) for permission to put the project into service “at the earliest time possible, but no later than April 17, 2020, in order to meet the needs of its shippers,” the filing says.
  
  Cheniere, the nation’s biggest liquefied natural gas (LNG) exporter and biggest consumer of gas, started work on the project around February 2019. Midship includes nearly 200 miles (322 kilometers) of 36-inch (91-centimeter) pipe.
  
  The pipe is designed to deliver about 1.44 billion cubic feet per day (bcfd) of gas from the Anadarko basin to existing pipelines near Bennington, Oklahoma, for transport to U.S. Gulf Coast and Southeast markets, where demand for the fuel for domestic consumption and LNG export is growing.
  Read More
• Looks Like Trump Convinced Putin To Stand Down On Oil Production
  Forbes -That “very important” call President Trump had during a live interview with...
  Forbes -That “very important” call President Trump had during a live interview with Fox & Friends with Vladimir Putin of Russia may have had some impact on oil prices. Crude is now over $30 again for June and other futures contracts.
  
  This week was supposed to be the beginning of the end to the OPEC+Russia agreement to curtail oil production in a low-demand environment. The deal was mainly a Saudi Arabia - Russia deal, and has been in the works for at least three years, mostly in a response to competition from U.S. shale oil and gas producers.
  
  There are some uncertainties about the participation of non-OPEC members in production talks, meaning the U.S., but the magnitude of the current demand shock means the world’s biggest oil and gas producers will have to come together, a sort of OPEC++ perhaps.
  
  Read Full Story on Forbes.com
  Read More
• OPEC Meeting to Discuss Oil Production Cuts Likely Delayed
  DUBAI/MOSCOW (Reuters) - OPEC and Russia have postponed a Monday...
  DUBAI/MOSCOW (Reuters) - OPEC and Russia have postponed a Monday meeting to discuss oil output cuts until April 9, OPEC sources said on Saturday, as a dispute between Moscow and Saudi Arabia over who is to blame for plunging crude prices intensified.
  
  The delay came amid pressure from U.S. President Donald Trump for the Organization of the Petroleum Exporting Countries led by Saudi Arabia and its allies, a group collectively known as OPEC+, to urgently stabilize global oil markets.
  
  Washington, however, has yet to make a commitment to join the effort and Russian President Vladimir Putin on Friday put the blame for the collapse in prices on Saudi Arabia - prompting a firm response from Riyadh on Saturday.
  
  Full Story
  Read More
• Friday rebound still leaves oil less than $30
  A Friday White House meeting between President Trump and oil leaders, including Oklahomans Harold Hamm...
  A Friday White House meeting between President Trump and oil leaders, including Oklahomans Harold Hamm and Dave Hager came as oil prices rebounded more than 3 dollars, settling at just under $30 a barrel.
  
  West Texas Intermediate crude rose $3.02 in Friday’s trading before ending the day at $28.34, up nearly 8 dollars from earlier in the week when WTI nearly hit an even $20.
  
  Brent crude rose $4.71 hitting $34.65 a barrel. Natural gas prices on the New York Mercantile Exchange were up 7 cents to hit $1.62 per million BTU.
  
  Source: OKEnergyToday.com
  Read More
• Saudi Arabia sharply rebukes Russia over oil price collapse
  DUBAI, United Arab Emirates (AP) — Saudi Arabia sharply criticized...
  DUBAI, United Arab Emirates (AP) — Saudi Arabia sharply criticized Russia on Saturday over what it described as Moscow blaming the kingdom for the collapse in global energy prices, showing the tensions ahead of an emergency meeting of OPEC and other oil producers.
  
  That anger could be seen early Saturday in two critical statements released by the kingdom's state-run Saudi Press Agency. The first came from Saudi Foreign Minister Prince Faisal bin Farhan under the headline: “Statements Attributed to One of Russian President’s Media Are Completely Devoid of Truth.”
  
  “Russia was the one that refused the agreement, while the kingdom and 22 other countries were trying to persuade Russia to make further cuts and extend the agreement,” the prince said.
  
  Read Full Story
  Read More

• Prev
• Next