Title : NOG Reports Earnings -- August 9, 2018
link : NOG Reports Earnings -- August 9, 2018
NOG Reports Earnings -- August 9, 2018
Fast And Furious
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A target Saudi cannot afford to miss: unemployment. Link here at Bloomberg.
I'm shocked! I'm shocked!: discrepancy over Saudi oil data could rattle markets. Link here over at The WSJ. Yesterday I posted:
Never mind: first we are told that Saudi production dropped in July, and then we are told Saudi reported record high production in July, and now this headline from oilprice: why Saudi oil production suddenly dropped. Apparently even Tsvetana is confused -- in her opening paragraph ... "as if oil market participants haven't had enough conflict market forces to digest ...."
Back to the Bakken
NOG: 2Q18 earnings.
No wells come off the confidential list today.
Active rigs:
| 8/9/2018 | 08/09/2017 | 08/09/2016 | 08/09/2015 | 08/09/2014 | |
|---|---|---|---|---|---|
| Active Rigs | 64 | 57 | 33 | 73 | 193 |
RBN Energy: contenders in the race to build crude oil export terminals off the Texas coast.
Much like their heated competition to build new crude oil pipelines from the Permian to the Gulf Coast, midstream, logistics and trading companies are jockeying to construct the first new export terminal capable of fully loading Very Large Crude Carriers — Trafigura joined the fray earlier this week. While VLCCs are by far the most cost-efficient way to haul crude to Asia, their Godzilla-like physical dimensions restrict the number of land-based terminals they can use. And even those that can accommodate these seagoing behemoths can only load a VLCC part-way — “reverse lightering” out in deeper, open waters is required to fill the supertanker to the tippy top. So a handful of ambitious midstreamers are developing plans for offshore terminals out in deep water, miles from the Texas coast. Today, we continue our review of these proposals with a look at JupiterMLP’s plan for a terminal off Brownsville — and a new Permian pipeline to the city.
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