Oil Gas Prices

Pemex posts eighth straight quarterly loss as output falls

MEXICO CITY (Bloomberg) -- Petroleos Mexicanos posted its eighth consecutive quarterly loss as declining output from its Cantarell oilfield pushed production at the state-owned oil monopoly to its lowest level in 24 years. The Mexico City-based company’s net loss of 59.7 billion pesos ($4.4 billion) widened from a 39.2 billion-peso loss a year ago, the producer known as Pemex said in a statement Oct. 24. Sales for the quarter fell 0.7% to 406.5 billion pesos from a year earlier.

25 Oct 2014 | 4:15 pm EDT

Where in the world is the #XYZsquad?

The #XYZsquad has had a long couple weeks. First was the international ICANN conference, which was held in our backyard in sunny Los Angeles. If you happened to be there, it’s needless to say that you definitely caught a glimpse of a few them and probably even received a goodie. For everyone else, they’ll just have to watch the video and hope to catch them at the next one.


After a busy but successful ICANN week, the XYZ Team celebrated by hosting our very own tailgate at the USC campus for homecoming. You can check out the photo album by clicking here, but we’ve made a montage below:


And last but not least was Ad:Tech in London. The #XYZsquad grabbed a lot of attention across the pond, and fortunately a couple fans were able to capture some great footage for us.

Where will the #XYZsquad be next? We’re not totally sure to be honest, but we’ve got a feeling they might pop up in Vegas in January. As always, be sure to check back in with us on Twitter, Facebook, and Instagram to get all the latest from our team. Have a good weekend, #GenXYZ!

24 Oct 2014 | 6:00 pm EDT

Oil producers form new group to lobby to lift crude export ban

Oil producers are forming a coalition dedicated to ending the four-decade U.S. ban on crude exports, signaling a more serious turn in their push to sell to overseas customers.

24 Oct 2014 | 11:12 am EDT

Wireless Seismic announces Hybrid Radio Telemetry capability with RT System 2

SUGAR LAND, Texas -- Wireless Seismic has announced the addition of a robust Hybrid Radio Telemetry system to its RT System 2 real-time wireless seismic data acquisition system.  The Hybrid Radio Telemetry system enables seismic data acquisition projects to continue, uninterrupted, even if radio connectivity is temporarily lost for portions of the spread.

24 Oct 2014 | 4:44 am EDT

Occidental CEO sees lower drilling fees if oil slump continues

HOUSTON (Bloomberg) -- Occidental Petroleum Corp. CEO Stephen Chazen said companies that help explorers find and drill for oil will lower their fees to maintain market share if crude prices continue to slump. Benchmark U.S. crude futures have dropped 24% since reaching this year’s high on June 20. Baker Hughes and Schlumberger said last week that prices would need to drop further and stay there longer before customers would start to cut back spending.

24 Oct 2014 | 3:03 am EDT

BP shouldn’t get new trial on Macondo ruling, Halliburton says

NEW ORLEANS (Bloomberg) -- BP Plc’s bid for a new trial over causes of the 2010 Gulf of Mexico oil spill should be rejected because the judge didn’t rely on excluded testimony, Halliburton Co. said in court papers. BP’s own lawyers are responsible for trial testimony that the London-based oil company complains led to an unfair gross- negligence finding against it, according to Halliburton, the cementing subcontractor on the blown-out well.

24 Oct 2014 | 2:50 am EDT

U.S. oil seen as buffer for global prices from supply threats

SAN FRANCISCO, California (Bloomberg) -- U.S. oil output is buffering global crude prices and critical to the world’s supply balance amid the threat of disruptions, even as a ban on domestic exports remains in place, Energy Secretary Ernest Moniz said. A surge in the nation’s oil output comes as markets are faced with near-historic highs of unanticipated outages, Moniz, 69, said at a talk organized by the public-affairs forum Commonwealth Club in San Francisco. He agreed with a government report finding U.S. gasoline prices may drop should the prohibition on crude exports be lifted.

24 Oct 2014 | 2:38 am EDT

Soaring oil production, weak demand eclipse geopolitics

Soaring oil production, weak demand eclipse geopolitics HOUSTON Despite nearly unprecedented geopolitical concerns, both U.S. and global crude prices, have decreased during the third quarter of 2014, due to a surge in domestic production and weak oil demand growth. While

23 Oct 2014 | 10:38 pm EDT

Fairmount Santrol to reduce environmental footprint at Oklahoma plants

SUGAR LAND, Texas -- Fairmount Santrol has deployed a Railserve LEAF Gen-Set locomotive at its Roff, Oklahoma, resin-coating plants, as part of a continuous commitment to a minimal operational footprint.

23 Oct 2014 | 9:53 pm EDT

Fairmount Santrol continues to reduce environmental footprint at Oklahoma resin-coating plants

Fairmount Santrol continues to reduce environmental footprint at Oklahoma resin coating plants SUGAR LAND, Texas Fairmount Santrol has deployed a Railserve LEAF Gen Set locomotive at its Roff, Oklahoma, resin coating plants, as part of a continuous commitment to the

23 Oct 2014 | 9:53 pm EDT

Alltite creates sparkless pump to prevent well fires

WICHITA, Kansas -- Alltite has created a new solution for the bolting industry, by launching the first hydraulic over hydraulic pump (H2H).

23 Oct 2014 | 9:27 pm EDT

New coating from AFS provides improved corrosion resistance

New coating from AFS provides improved corrosion resistance WACO, Texas  Alcoa Fastening Systems (AFS) has introduced a new coating called HuckGuard designed to give its fasteners the best level of corrosion resistance. A zinc rich basecoat plus an organic topcoat

23 Oct 2014 | 6:46 pm EDT

OneSubsea signs global frame agreement with BG Group

OneSubsea signs global frame agreement with BG Group HOUSTON OneSubsea has signed a 10 year global frame agreement with BG Group to supply subsea production equipment and aftermarket services. By adopting OneSubsea’s unique integrated solutions capabilities, the agreement establishes a

23 Oct 2014 | 6:10 pm EDT

U.S. to achieve energy independence by 2025, Wood Mackenzie says

EDINBURGH/HOUSTON/SINGAPORE -- The U.S. will achieve energy independence by 2025, which will mark the first time since 1952 that the U.S. will export more energy than it imports, according to an integrated outlook by Wood Mackenzie’s Global Trends Service. Wood Mackenzie’s outlook underscores that higher production and lower demand are the forces driving U.S. energy independence.  “A country can achieve energy independence through two channels, it can either produce more or consume less, and the U.S. is doing both,” explains James Brick, a senior analyst at Wood Mackenzie.

23 Oct 2014 | 9:48 am EDT

Cameron LNG breaks ground on Louisiana natural gas liquefaction facility

HACKBERRY, Louisiana -- Cameron LNG has started construction on a natural gas liquefaction project in Louisiana, giving the Houston-based company the ability to liquefy natural gas and export it to the world market. Once complete, Cameron LNG can liquefy domestically-produced natural gas for export, import LNG and regasify it for delivery to domestic markets, or re-export foreign-sourced LNG.

23 Oct 2014 | 9:15 am EDT

Chevron hits oil in deepwater U.S. Gulf of Mexico

SAN RAMON, California -- Chevron Corporation has made a new oil discovery at the Guadalupe prospect in the deepwater U.S. Gulf of Mexico. The Keathley Canyon Block 10 Well No. 1 encountered significant oil pay in the Lower Tertiary Wilcox Sands. The well is located approximately 180 miles off the Louisiana coast in 3,992 ft of water and was drilled to a depth of 30,173 ft.

23 Oct 2014 | 5:26 am EDT

Occidental Petroleum net income declines as production falls

HOUSTON (Bloomberg) -- Occidental Petroleum Corp., the U.S. oil explorer that is breaking up in a bid to enrich shareholders, said third-quarter profit fell amid the company’s worst production slump in eight years.  
Net income declined to $1.21 billion or $1.55 a share, from $1.58 billion, or $1.97, a year earlier, Houston-based Occidental said in a statement on Oct. 23. Per-share profit excluding one-time items was 1 cent lower than the $1.59 average of 25 analysts’ estimates compiled by Bloomberg.

23 Oct 2014 | 4:13 am EDT

Continental completes new Springer oil wells in Oklahoma's SCOOP play

OKLAHOMA CITY, Oklahoma -- Continental Resources has reported continued success in its recently unveiled Springer play in the South Central Oklahoma Oil Province (SCOOP). "Four new wells further confirm the repeatability and growth potential of Continental' s new discovery, the Springer play in SCOOP," said Harold G. Hamm, Chairman and CEO. "These individual delineation wells in the play are generating excellent returns, with shallow decline rates compared to other unconventional resource plays. We expect to realize even stronger well economics as development drilling gets under way utilizing extended laterals, pad drilling, and other drilling and completion efficiencies."

23 Oct 2014 | 3:19 am EDT

ABB dedicates Bartlesville facility expansion

BARTLESVILLE, Oklahoma -- ABB, the Zurich-based technology giant, dedicated its 100,000-sq-ft manufacturing and R&D facility with community dignitaries and corporate officials in attendance. The facility manufactures gas measurement and automation products for the upstream, midstream and downstream segments as part of the Oil & Gas Solutions division of ABB.

23 Oct 2014 | 2:24 am EDT

You want me to click what?!

Post-ICANN, pumpkin spiced everything, and with Halloween just around the corner, it’s finally starting to feel like fall here in LA! #GenXYZ, what will you be for Halloween this year?

It might be because of the much anticipated sweater weather, but we’re in the mood to give the usual #WebsiteWednesday a little twist. In fact, we won’t be featuring any websites at all!

You’d think that at .xyz, websites are our bread and butter, but we wanted to share with you one of the other most popular ways to use your awesome .xyz domain.

Kyle Busch
For those of you who follow our CEO and Founder Daniel Negari’s blog, you’re already in the know that celebrity NASCAR racer, Kyle Busch, uses kylebusch.xyz as a cool branded URL in his tweets. If you saw a tweet with kylebusch.xyz/ABC vs. bit.ly/ABC, which would you want to click more? We agree. kylebusch.xyz, hands down.

.@KyleBusch | @mmschocolate Race Advance: From Tricks to Treats at Martinsville. http://t.co/8K9ifzZ5Di pic.twitter.com/77ZJVD9K8t

— Ryan: #KBShow (@TheKBshow) October 21, 2014

The Garrigan Lyman Group (GLG)
GLG is a digital marketing agency using glg.xyz as its URL shortener. Currently, they’re promoting glg.xyz/_loveli for one of their most successful campaigns, ever

#VIDEO: Global tennis star retires. Social tribute goes viral. How to leverage #socialmedia. http://t.co/KuNvLvySGB https://t.co/GljMQ8Pb0U — Garrigan Lyman (@GarriganLyman) October 20, 2014

To honor Li Na’s retirement from the professional tennis spotlight, Babolat and GLG schemed a viral social media campaign for fans to take part in celebrating her successful career (she was ranked #2 in the entire WORLD and has two Grand Slam titles in her back pocket: the French and Australian Opens).

Through the hashtag #LoveLi, the campaign launched with a bang and received over 50 million impressions in just five days. Now, that count has grown to 67 million!

It’s still not too late to participate! Check out glg.xyz/_loveli for the deets.

Dundee Contemporary Arts (DCA)
DCA is home to two contemporary art galleries, a cinema, print studio, and a visual research center. As hosts of an ongoing calendar of events and exhibits, DCA uses dca.xyz to promote its events via Twitter, as well as on their website’s event listings to encourage sharing.

Our new Cinema Guide is now available to read online. Loads of great films are on their way! http://t.co/5Ww6RzQafG pic.twitter.com/Tg66ungtdt

— DCA (@DCAdundee) October 17, 2014

How much easier is it to share with friends and family when the link is so short and sweet? Have you noticed any .xyz domains in your social media feeds lately?

Well, #GenXYZ, that’s all we have in store for today.

Oh! ICYMI, yours truly was featured in yet another CNET article, nicely titled “From .coffee to .email to .xyz: The Web’s crazy new reality is here.” Make sure to follow us on the usual social media channels @xyz and keep tabs on all the exciting things coming up!

22 Oct 2014 | 11:18 am EDT


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