Commodities: Oil & Gas – Featured Headlines



Various PDVSA News

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • AWE reports Waitsia-4 gas well flows at record Australian rate
    on 2017-11-29 at 21:33AWE Ltd.’s final well in the current appraisal and development program in Waitsia natural gas field in Western Australia’s onshore Perth basin has tested at one of the highest flow rates in Australian history. […]

  • Rosneft, Pertamina form Tuban joint venture
    on 2017-11-29 at 18:56Rosneft and Pertamina have formed PT Pertamina Rosneft Pengolahan dan Petrokimia to develop their joint venture refinery and petrochemical project in East Java, Indonesia. […]

  • Lamp succeeding Lipinski as CVR Energy CEO
    on 2017-11-29 at 18:37David Lamp will become co-chief executive officer of CVR Energy Inc., Sugar Land, Tex., on Dec. 1 and chief executive officer on Jan. 1, 2018.&nbs […]

  • WoodMac: Producers double down on hedging in third quarter
    on 2017-11-29 at 18:30Hedging activity surged in this year’s third quarter as oil producers rushed to lock in rising prices for future production, according to Wood Mackenzie’s latest analysis of oil and gas hedging activity. […]

  • BSEE approves first Arctic OCS drilling permit in more than 2 years
    on 2017-11-29 at 18:12The US Bureau of Safety and Environmental Enforcement has approved Eni US Operating Co.’s application to drill in the Beaufort Sea off Alaska’s North Slope. The project represents the first fresh exploration on the US Arctic Outer Continental Shelf in more than 2 years, BSEE said. […]

  • Uzbekistan to develop ‘25 Years of Independence’ field
    on 2017-11-29 at 17:53A consortium of investors plans to develop Uzbekistan’s “25 Years of Independence” gas field in the Surkhandarya region in the southern part of the country. The first of two stages will begin 2017-18 with the drilling of a confirmation well and developing a feasibility study on expected reserves. The second stage will include field development, geological exploration, and the […]

World Oil – US Onshore

Various Oil & Gas News

  • Oil edges up in timid trading ahead of OPEC meeting in Vienna
    on 2017-11-30 at 07:07Brent crude oil futures for February LCOc2, the international benchmark for oil prices, were at $62.84 a barrel at 0704 GMT, up 31 cents, or 0.5 percent, from their last close. The front-month January contract expires today. U.S. West Texas Intermediate (WTI) crude futures were at $57.50 a barrel, up 20 … […]

  • Oil Traders Get Ready To Sing O(PEC) Vienna
    on 2017-11-30 at 06:56Crude oil had a very choppy session overnight as the street chased its tail back and forth on rumours and headlines ahead of today’s official OPEC meeting in Vienna. Both Brent and WTI traded in 2.50% ranges, but as the dust settled both contracts closed only slightly down on the day. Both were falling … […]

  • WTI Crude Oil Price Analysis for Nov 30, 2017
    on 2017-11-30 at 04:30WTI crude oil has yet to pull up from its correction for yet another day as it lingers around the area of interest while waiting for the OPEC announcement. Price is finding support at $57 per barrel, which lines up with an ascending trend line visible on the 4-hour time frame. If a bounce happens, price could … […]

  • Oil producers set to maintain squeeze
    on 2017-11-30 at 02:15While of little help to Caracas, where oil output is on course to hit a near 30-year low in 2018, the accord has eventually managed to lift the price of crude. Oil prices are now almost at a two-year high, with Brent Crude close to $65 per barrel and fellow benchmark West Texas Intermediate recovering to … […]

  • Wti crude oil – Short time short trade
    on 2017-11-30 at 01:59WTI Crude Oil (TVC:USOIL). Get more trading ideas from RamaDeda. Follow market experts, get opinions and be heard! Join the largest trading & investing community on the planet. […]

  • Saudis beg rival producers to keep limit on oil output
    on 2017-11-30 at 00:00Oil prices have risen to more than $60 a barrel thanks to production cuts agreed a year ago by the Organisation of the Petroleum Exporting Countries, the 14-nation cartel that pumps a third of global crude, and other producers led by Russia, the world’s biggest. Saudi Arabia, the largest producer in Opec … […]

  • The (Near) Future of Oil Lies in Moscow’s Hands
    on 2017-11-29 at 22:03Before those cuts were announced, Brent crude (Europe’s benchmark) was trading at roughly $47 per barrel. Today, Brent is up above $63. That counts as a qualified success, but the work, it seems, is far from over. Oil producers enjoyed many years of $100+ per barrel pricing, and nations that rely on … […]

  • Crude oil drops ahead of OPEC meeting
    on 2017-11-29 at 20:03So, ahead of the OPEC meeting, crude oil prices are easing off their best levels. Some bullish market participants have undoubtedly been taking profit after the recent sharp gains ahead of such an important event. Still, barring an unexpected announcement from the oil cartel, Brent is on course to end … […]

  • Opec committee recommends oil output cuts deal extension
    on 2017-11-29 at 19:30Brent Crude has crept up to towards $65 per barrel, while fellow benchmark West Texas Intermediate has been heading for $60. The danger however is that the higher the price, the more this will help shale oil producers in the US, which are outside the agreement, ramp up production and take market … […]

  • Russia is aligned with OPEC on extending output cuts, Nigerian oil minister says
    on 2017-11-29 at 19:04U.S. crude fell nearly $1 to about $57 a barrel, while Brent crude was down about 75 cents below $63 a barrel after the Joint Ministerial Monitoring Committee meeting ended on Wednesday. Speaking to reporters after the meeting, Russian Minister Novak did not say whether he backed a nine-month … […]

Oil & Gas 360

Economic Times

Hellenic Shipping News Worldwide – General Energy News

  • Cheniere to stop releasing US LNG contract details
    by hellenicshippingnews.. on 2017-11-29 at 22:00Leading US LNG exporter Cheniere Energy will stop disclosing details of its future customer contracts after several years of revealing the data. Houston-based Cheniere started exporting in February 2016 from its $20bn Sabine Pass LNG terminal in Louisiana and is building another $11bn export facility in Corpus Christi, Texas. Previously it publicly disclosed all the … […]

  • LPG Market to Rebalance
    by hellenicshippingnews.. on 2017-11-29 at 10:00The end is in sight for the run on global LPG stocks, according to ESAI Energy’s recently published Global LPG One-Year Outlook. In 2018, the geographically widespread growth of LPG production from fractionation will gradually begin to pull the market out of deficit. Year-on-year declines in global LPG stocks have continued into the fourth quarter … […]

  • Exxon says $1 bln Antwerp clean fuels unit will be running by mid-2018
    by hellenicshippingnews.. on 2017-11-28 at 22:00ExxonMobil expects a new $1 billion fuel upgrading unit at its Antwerp refinery to be fully operational in the first half of next year, the company said on Tuesday. The delayed coker unit, part of a $1 billion investment announced in 2014, will enable the 320,000 barrel per day (bpd) refinery to upgrade high-sulphur fuel … […]

  • Thai Oil’s refinery to produce only clean fuels from 2022
    by hellenicshippingnews.. on 2017-11-28 at 22:00Thailand’s largest refiner Thai Oil PCL will stop producing fuel oil from 2022 once it completes a $4-billion upgrade that will boost output of clean fuels, officials said. The project is part of a growing trend among global refiners to produce more high-quality oil products instead of the heavy polluting fuel oil. Shippers, the biggest … […]

  • Russia’s Gazprom to increase gas output to 470 bcm in 2017 -RIA cites CEO
    by hellenicshippingnews.. on 2017-11-28 at 18:00Gazprom expects its gas production in 2017 will be up by more than 12 percent at 470 billion cubic metres, RIA news agency cited CEO Alexei Miller as saying on Tuesday. Miller was talking at a meeting with Russian President Vladimir Putin, the agency said. Gazprom also expects to export 192 billion cubic metres of … […]

  • Japan power firms’ Aug LNG consumption falls 11 pct y/y
    by hellenicshippingnews.. on 2017-11-28 at 10:00Japanese power companies consumed 4.61 million tonnes of liquefied natural gas (LNG) for power generation in August, down 11 percent from a year ago, reflecting a decrease in power generation and reliance on gas-fired power, preliminary electricity data from the Ministry of Economy, Trade and Industry showed on Monday. Following is a table outlining usage … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • OPEC, Russia deal should continue, but so will challenge from US shale: CNBC survey
    by hellenicshippingnews.. on 2017-11-30 at 10:00OPEC is expected to extend its agreement with Russia and other non-OPEC countries to curb production, even as U.S. shale production and exports continue to grow, according to a CNBC oil survey. About 80 percent of the oil analysts and traders surveyed by CNBC also agree the market, which had been heavily oversupplied, is showing … […]

  • Oil edges up ahead of OPEC meeting in Vienna, but uncertainty lingers
    by hellenicshippingnews.. on 2017-11-30 at 10:00Oil prices edged up on Thursday, ahead of an OPEC meeting in Vienna at which producers are expected to extend a supply-cut deal that came into effect in January with the goal of tightening supplies and propping up prices. The Organization of the Petroleum Exporting Countries (OPEC) will be meeting at its headquarters in the … […]

  • OPEC over-producers can look to faltering Venezuela for cushion
    by hellenicshippingnews.. on 2017-11-30 at 10:00Less than a week on the job, Venezuelan oil minister Manuel Quevedo is due to arrive in Vienna on Wednesday for closely watched OPEC talks, with no experience, representing an oil sector that has lost nearly all credibility within the organization, analysts said. The only thing Quevedo will have to offer is that Venezuela’s falling … […]

  • Russian average daily oil production in Nov. 10.94 million bpd – sources
    by hellenicshippingnews.. on 2017-11-30 at 10:00Russian average daily oil production was at 10.94 million barrels per day from Nov. 1-28, two industry sources told Reuters. Average daily production in tonnes was 1.492 million tonnes, the sources said. Russia has agreed to curb its oil output by 300,000 bpd from 11.247 million bpd reached in October 2016 as part of a … […]

  • Russia holds key to extension of Opec, non-Opec deal
    by hellenicshippingnews.. on 2017-11-29 at 22:00All Opec members support extending until the end of 2018 an agreement with non-Opec producers to cut just over 1.7mn b/d from the market, an Opec Gulf delegate told Argus today. “The problem is Russia,” which may not be able to agree a nine-month extension for domestic reasons, he said. Although Russian president Vladimir Putin … […]

  • The Countdown Is On for the OPEC Pact
    by hellenicshippingnews.. on 2017-11-29 at 22:00Russia’s qualms over how far to prolong oil-output cuts with OPEC may reflect a shifting calculus for an economy feeling increasingly hobbled by shackling one of its biggest growth drivers. Although a recovery in crude prices was crucial to mending the budget and the ruble, Russia is now confident it can ride out a downturn … […]

Oil & Gas Financial Journal

  • How sustainable is Permian tight oil growth?
    on 2017-11-23 at 07:45Technology has played a huge role in the rapid rise of production in the Permian Basin. Operators are bullish on the region’s long-term potential and poised to exploit the Permian at an unparalleled pace over the next few years. However, according to a report by Wood Mackenzie, geological constraints that may arise as the play is aggressively developed could lead to production shortfalls, and in […]

  • Revenue, income a mixed bag in 2Q
    on 2017-11-23 at 07:36Financial results for the OGJ150 group of companies were lukewarm by most measures in the second quarter of 2017. However, given the lengthy downturn that the oil and gas industry is emerging from, maybe “neither hot nor cold” isn’t so bad. […]

  • The BBA rules are coming
    on 2017-11-23 at 06:41The upcoming New Year may present some nasty surprises to oil and gas partnerships that have not prepared for the new partnership tax audit rules. […]

  • Fighting bribery and corruption
    on 2017-11-23 at 06:36Targeted analytics are an effective instrument in the battle against bribery and corruption at energy firms […]

  • Weathering the storm
    on 2017-11-23 at 06:33During a natural disaster, you need supply options. Ensuring that you have allocations and truck time to supply your customers can be the difference between keeping or losing a long-time valued business relationship. It is during tight supply times, like we saw recently with hurricanes Harvey and Irma, that you should have a contingency plan in place to secure the fuel you need. […]

  • Exports are changing crude oil logistics
    on 2017-11-23 at 06:30While there are complexities associated with Midcontinent oil logistics, there are solutions that can help your organization complete an export logistics puzzle. […]

The Barrel

  • High days and holidays for US crude flows
    by John-Laurent Tronche on 2017-11-30 at 05:01The floodgates have opened. The game has changed. The possibilities are endless. This is the worst — absolutely. Choose any of those expressions or phrases to explain some aspect of the global oil market — a market featuring US exports, OPEC cuts, an improving world economy, yet declining oil demand long-term. For US oil producers […] The post High days and holidays for US […]

  • Competition heats up in Chinese thermal coal import market
    by Michael Cooper on 2017-11-29 at 06:19Indonesian mid-CV thermal coal appears to be getting the upper hand over high-ash Australian coal in a battle for supremacy in the Chinese imports market, according to an analysis of S&P Global Platts price data. FOB prices for Australian high-ash 5,500 kcal/kg NAR thermal coal which is mainly sold to China have slowly retreated to […] The post Competition heats up in Chinese thermal […]

  • Venezuelan crude imports into LOOP tripled on year: In The LOOP
    by Maria Eugenia Garcia on 2017-11-28 at 08:38Imports of Venezuelan crude into the Louisiana Offshore Oil Port have totaled over 7 million barrels from January to November this year, almost three times the 2.5 million barrels in the same period of 2016, according to US Customs data. The dramatic climb came despite the Trump administration’s threats to ban Venezuelan crude imports into […] The post Venezuelan crude imports into […]

  • Why Tesla’s e-truck matters
    by Ross McCracken on 2017-11-27 at 12:56E-trucks matter because growth in commercial transportation is a key factor expected to keep the oil market on a low but steady growth path out to 2040 and beyond, at least according to most long-term outlooks. If commercial transportation can adopt electrification, it would result oil demand peaking much earlier than most forecasts currently suggest […] The post Why Tesla’s e-truck […]

  • Struggling UK SMR competition seeks to regain momentum
    by Oliver Adelman on 2017-11-24 at 11:00The UK government’s much heralded, pre-Brexit referendum “competition” to have a small modular reactor or SMR design manufactured in the country by the mid-2020s is struggling to regain momentum amid growing questions about the political will to proceed with the project. The idea of a “competition” to select an SMR design was announced by then […] The post […]

  • Blockchain was hyped for a long time. Now they’re getting down to business
    by John Kingston on 2017-11-21 at 15:30It’s getting near time. It’s getting near time for all the talk of adopting blockchain’s distributed ledger technology (DLT) in energy markets to transform itself into some real-life applications. That was an overriding theme at S&P Global Platts first-ever Digital Commodities Summit in London in mid-November, a packed-house event that will be followed by one […] The […]

Energy and Capital

  • China: Tesla’s Saving Grace
    by Keith Kohl on 2017-11-29 at 08:00Elon Musk and Tesla could be in serious trouble. The fate of their well-being may depend on an unlikely savior, China. Energy and Capital editor Keith Kohl breaks down Tesla’s China syndrome… […]

  • Renewable Energy Investing for 2018
    by Jeff Siegel on 2017-11-28 at 08:00In 2018, renewable energy investors should focus on energy storage stocks. Energy and Capital editor Jeff Siegel breaks down the renewable sector for the upcoming year… […]

  • Bitcoin to $10,000
    by Christian DeHaemer on 2017-11-27 at 08:00BTC has appreciated by 8.24% in the last 24 hours and is up more than 800% on a year-to-date basis. Is the top in sight? […]

  • The Future of Electric Vehicles
    by Jeff Siegel on 2017-11-24 at 08:00The future of transportation is electric and autonomous. Energy and Capital editor Jeff Siegel explains how to invest in the future instead of the present. […]

  • Cobalt Demand to Soar +4,500% by 2030
    by Luke Burgess on 2017-11-23 at 08:00There are a few critical metals other than lithium needed to create lithium-ion rechargeable batteries that are very often overlooked. And among them is one that might be a better investment than lithium itself. […]

  • Gold Versus Bitcoin
    by Christian DeHaemer on 2017-11-22 at 08:00Energy and Capital editor Christian DeHaemer gives you the view on Bitcoin, gold, and oil 23 floors above Mexico City. […]

Energy Business Review – Exploration & Development

Energy Business Review – Drilling & Production

Oil & Gas iQ

  • Optimising Europe's first LNG bunker vessel
    by Oil & Gas IQ Events on 2017-11-30 at 13:31The new Gate LNG Terminal in the Port of Rotterdam supplies a network of natural gas pipelines, and has facilities to reload LNG into ships, LNG containers or tank trucks. This allows the liquefied natural gas to be distributed by inland tanker, short sea tanker or truck to areas that lack […]

  • Promoting LNG as the fuel of the future
    by Oil & Gas IQ Events on 2017-11-30 at 13:31The continuing oil price volatility has impacted many fuel-dependent markets over the past few years. Bunkering with liquefied natural gas (LNG) has been one of the areas affected by the drop in conventional fuel in the maritime industry. Ahead of the LNG Bunkering Summit 2018, we surveyed over 500 […]

  • Digital transformation: changing the way we operate
    by Phil Murray on 2017-11-30 at 13:31Phil Murray, CEO of Petrotechnics, believes digitalisation in the oil and gas industry is about “enabling everyone to make better operational decisions” while balancing risk, productivity and cost.Here, he explains why it is imperative to connect smart people with smart devices for smart decisions […]

  • Digital transformation: oil and gas trends [survey]
    by Oil & Gas IQ Surveys on 2017-11-30 at 13:31We’re currently researching the adoption and progress of digital transformation in the oil and gas industry and would value your input.This survey will take 5-10 minutes of your time and as a thank you, we will send you a summary of the results once they have been collated.Thanks in advance!In […]

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines

Business Standard – Commodities | Oil & Gas