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☆ Tropical Storm Francine forecast to strengthen into hurricane 'soon' as it aims for U.S. Gulf Coast
▼ + stars: | 2024-09-10 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Dennis-Romero-Circle-Byline-Template.Jpg | Dennis Romero | ) www.nbcnews.com time to read: +4 min

A strengthening Tropical Storm Francine is expected to become a hurricane long before it reaches the Louisiana coast Wednesday, federal forecasters said on Monday. Track Tropical Storm Francine’s path, forecast and hurricane statusThe hurricane center's latest forecast cone has the storm making landfall in Louisiana between the Texas border and New Orleans about 1 p.m. Wednesday. "Francine expected to become a hurricane soon," a National Hurricane Center said in the headline to its latest advisory. A hurricane watch remains in effect for almost the entire Louisiana coast from Cameron to Grand Isle. August’s tropical cyclone activity “was a little below normal” in terms of the number of named storms, the hurricane center said.

Persons: Francine, Jeff Landry, Monique B, Port Fourchon, Debby, Ernesto Organizations: National Hurricane Center, Lousiana, Mayor, NOAA, Atmospheric Administration Locations: Louisiana, Gulf of Mexico, Rio Grande, Mexico, Texas, Gulf, Galveston, New Orleans, Lafayette , Louisiana, Port Mansfield, Rio, La, Cameron, Grand Isle, Mississippi, Island , Texas, Alabama, Vermilion, Maurepas, Lake Pontchartrain, Bend, Florida, South Carolina, Bermuda, Pacific

☆ Oil companies sue U.S. over Gulf auction changes meant to protect whale
▼ + stars: | 2023-08-25 | by ( ) www.reuters.com time to read: +2 min

Unused oil rigs sit in the Gulf of Mexico near Port Fourchon, Louisiana August 11, 2010. The suit is the latest dispute between the oil and gas industry and the administration of President Joe Biden over leasing federal lands and waters for energy development. The final sale notice included new restrictions on development meant to protect the endangered Rice's whale. Lease Sale 261 will be held on Sept. 27 and will offer approximately 12,395 blocks on approximately 67 million acres (27 million hectares) on the U.S. Outer Continental Shelf in the Western, Central, and Eastern Planning Areas in the Gulf of Mexico.

Persons: Lee Celano, Joe Biden, Biden, Ryan Meyers, Mrinmay Dey, Nichola, Michael Perry Organizations: REUTERS, Chevron, Biden, Western, Western District of, Interior Department's, of Ocean Energy Management, American Petroleum Institute, Interior Department, U.S . Outer Continental, Thomson Locations: Gulf of Mexico, Port Fourchon , Louisiana, Louisiana, Gulf, Mexico, Western District, Western District of Louisiana, Central

☆ Halliburton was a cash machine in its latest quarter — and we're making a price target change
▼ + stars: | 2023-07-19 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

On the call, management reiterated that growing free cash flow is a top priority, and they expect over 50% of it to be "returned to shareholders this year." Speaking of cash returns, the company repurchased $248 million worth of shares during the quarter while returning another $144 million to shareholders via dividends. The team also guided for full-year free cash flow generation to be above what analysts were looking for — a material positive for the stock in the back half of the year. While maintaining our 2 rating , we're nudging up our price target to $42 per share from $40), reflecting about 18 times 2024 free cash flow per share estimates or about 11.5 times 2024 earnings estimates. With 2022 free cash flow coming in at $1.43 million, this forecast amounts to about $1.93 million at the midpoint, above Wall Street's $1.84 million expectation.

Persons: we're, Jim Cramer's, Jim Cramer, Jim, Luke Sharett Organizations: Halliburton, HAL, North, Management, Haliburton, Coterra Energy, Natural Resources, CNBC, Halliburton Co, Bloomberg, Getty Locations: Argentina, North America, North American, America, Port Fourchon , Louisiana, U.S

☆ Halliburton's upgrade on the back of its earnings beat highlights our investment case
▼ + stars: | 2022-10-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

That's something Wells Fargo also referenced, contending it should result in higher margins at Halliburton and other energy services firms. The turning tide for oil prices has helped support stock prices across the industry. And for the likes of Pioneer, Devon and Coterra, sizable cash returns through dividends and buybacks sweeten the investment case. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Restoring spare capacity to more comfortable levels will require a business-cycle downturn, which is why a recession or at least a serious slowdown is inevitable. RECESSIONS AS RESETSProfit-maximising enterprises do not intentionally invest in higher oil inventories or spare production capacity. Recessions in 1974, 1980, 2008 and 2020 all left oil production and consumption on a permanently lower trajectory than before. There is no recorded instance where spare oil production capacity rose when the global economy continued to grow strongly. It explains why inflationary pressures are cyclical, subdued in the immediate aftermath of a recession, when spare capacity is plentiful, then building progressively as the expansion matures and spare capacity erodes.

☆ SUA: Un mort şi 12 oameni dispăruţi după răsturnarea unei nave în largul statului Louisiana
▼ + stars: | 2021-04-15 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +2 min

O persoană şi-a pierdut viaţa, iar alte doisprezece erau în continuare date dispărute miercuri, în largul statului american Louisiana, după ce o navă s-a răsturnat în Golful Mexic, relatează joi AFP şi Reuters. Nava, cu 19 persoane la bord, a emis un semnal de pericol, marţi, în jurul orei locale 16:30, a declarat căpitanul Will Watson, căpitanul pazei de coastă. ''Din păcate, am recuperat un cadavru de la suprafaţa apei'', a spus căpitanul, adăugând că ''operaţiunile de căutare continuă pentru găsirea celorlalţi doisprezece'' membri ai echipajului. ''Facem tot ceea ce ne stă în putinţă'', a precizat Watson adăugând că în cadrul operaţiunilor de căutare şi salvare sunt utilizate toate ''resursele disponibile''. El a precizat că există posibilitatea ca unele dintre persoanele date dispărute să fi rămas blocate în interiorul navei răsturnate.

Persons: Will Watson, Watson Organizations: Reuters, Power Locations: american Louisiana, Mexic, americană, Port, New Orleans, Condiţiile, Ambarcaţiunea, Houston

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