Commodities: Oil & Gas – Featured Headlines



Various PDVSA News

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • Quantitative analysis shows natural gas projects’ benefits outweigh costs
    on 2017-12-04 at 19:50Credible quantitative evidence exists, applicable under the statutory standards of the Natural Gas Act (NGA) and the National Environmental Policy Act (NEPA), to conclude that the benefits of natural gas transportation and liquefaction projects outweigh their costs. […]

  • LNG CARGO HANDLING–Conclusion:Tandem pressures between ships during STS transfer cuts gas losses
    on 2017-12-04 at 19:47Applying tandem pressures between discharging and receiving ships in an LNG transfer boosts vapor return, cutting cargo losses and reducing cost. Part 1 of this article described tank pressure and vapor and LNG temperatures’ influence on ship-to-ship (STS) transfers (OGJ, Nov. 6, 2017, pp 74-81). […]

  • Cole becoming Syncrude managing director
    on 2017-12-04 at 18:43Doreen Cole will become managing director of Syncrude Canada Ltd. on Dec. 11, succeeding Mark Ward, who is retiring as president and chief executive officer. The title of Syncrude’s top operational position has changed.&nbs […]

  • ExxonMobil signs PSCs for blocks offshore Mauritania
    on 2017-12-04 at 18:38ExxonMobil Exploration & Production Mauritania Deepwater Ltd. will begin seismic data acquisition and exploration analysis as operator with 90% interest of three deepwater blocks offshore Mauritania following government approval of production-sharing contracts signed with that country’s government. […]

  • Oil & Gas UK welcomes tax-history measure
    on 2017-12-04 at 16:55A UK industry group is welcoming changes to UK fiscal policy that will allow buyers of offshore oil and gas fields to benefit from the past tax payments of sellers. […]

  • Shell wraps debottlenecking work at Scotford refinery
    on 2017-12-04 at 16:34Shell Canada Ltd. has completed a hydrocracker debottlenecking project to increase processing of heavy Canadian crude feedstock at its 100,000-b/d refinery in Scotford, Alta.&nbs […]

World Oil – US Onshore

Various Oil & Gas News

  • Oil holds losses below $58 before US crude production report
    on 2017-12-05 at 07:07US crude stockpiles at Cushing, Oklahoma, the delivery point for WTI and the biggest oil-storage hub, probably dropped by 2.4 million barrels last week, according to a forecast compiled by Bloomberg. Inventories dropped for a third week through November 24 to 58.3 million, the lowest since September … […]

  • Goldman Lifts 2018 Oil Price Outlook on Strong OPEC Resolve
    on 2017-12-05 at 07:07The bank raised its forecast for Brent crude for 2018 to $62 a barrel from $58 and for West Texas Intermediate to $57.50 from $55, Goldman analysts including Damien Courvalin said in a Dec. 4 note. The bank also boosted its Brent price outlook for 2019 to $59.50 a barrel from $58 and for 2020 to … […]

  • Reuters: Oil prices edge up on expected drop in US crude stocks
    on 2017-12-05 at 04:07International benchmark Brent crude futures were trading up 6 cents, or 0.1 percent, from their last close at $62.51 per barrel by 0410 GMT, Reuters said. U.S. West Texas Intermediate (WTI) crude futures were up 12 cents, or 0.2 percent, at $57.59 per barrel. The Organization of the Petroleum Exporting … […]

  • AmInvestment Bank Research raises Brent forecast to US$55-US$60 in 2018
    on 2017-12-05 at 03:11KUALA LUMPUR (Dec 5): Brent crude oil price prices have been projected to be slightly higher for 2018, according to AmInvestment Bank Research, as it raised its crude oil projection to US$55-US$60 per barrel, from US$50-US$55 per barrel in 2017. In a note today, AmInvestment Bank Research … […]

  • Oil prices dip ahead of US crude stocks data
    on 2017-12-05 at 01:39U.S. West Texas Intermediate (WTI) crude futures were down 4 cents, or 0.1 percent, at $57.43 a barrel. The Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers last week rolled over their agreement to cut output by 1.8 million barrels per day (bpd) until the end of 2018, … […]

  • Oil prices climb on expected drop in US crude stocks
    on 2017-12-05 at 01:30Goldman Sachs said Saudi Arabia and Russia showed a stronger commitment to extending cuts and raised its Brent and WTI spot forecasts for 2018 to $62 and $57.5 per barrel respectively. “By 2019, however, we believe the response of shale and other producers to higher prices will incentivize OPEC … […]

  • Oil producers dip after crude drops 2%
    on 2017-12-05 at 00:00Oil producers were lower in Asia Pacific trading on Tuesday after the price of oil dipped by 2 per cent overnight. Among the largest listed producers on Sydney’s S&P/ASX Energy index, Beach Energy was down 1 .1 per cent, Santos was 0.5 per cent lower, Origin Energy lost 0.2 per cent and Woodside … […]

  • How Did SLB React to Crude Oil Prices on November 29?
    on 2017-12-04 at 22:30The correlation coefficient between Schlumberger’s (SLB) stock price and West Texas Intermediate (or WTI) crude oil’s price from November 29, 2016, to November 29, 2017, was 0.54, which indicates a close positive relationship between crude oil prices and Schlumberger’s stock. SLB’s correlation with … […]

  • What’s the Short Interest in Schlumberger on November 29?
    on 2017-12-04 at 22:30Schlumberger’s stock price fell 20% in 2016 led by the West Texas Intermediate (or WTI) crude oil price hike of 45% during the year. Since July 2017, the crude oil price has turned bullish again, rising 23% from July 3 to November 29. Despite the rise in crude oil prices, many oilfield services companies’ … […]

  • Oil Ends the Day Lower
    on 2017-12-04 at 21:4524, up 983,000 bpd versus same time frame in 2016. At settlement, NYMEX January WTI crude oil futures were 89cts lower at $57.47 bbl after inside trade. ICE February Brent crude was $1.28 lower at $62.45 bbl, off a $62.31 two-week spot low. The Brent premium to WTI fell to a $4.98 one-week low. […]

Oil & Gas 360

Economic Times

Hellenic Shipping News Worldwide – General Energy News

  • Beijing orders regions to ‘regulate’ gas market as prices soar
    by hellenicshippingnews.. on 2017-12-04 at 22:00China’s state planner has ordered eight regions to meet with natural gas producers, liquefied natural gas (LNG) terminal operators and traders on Monday to “regulate” the market as prices of the clean fuel soar due to winter heating demand, a government official said. The meetings highlight Beijing’s concerns about rising gas prices amid its policy … […]

  • Arab oil exporting bloc seeks cooperation with World Bank in gas, power sectors
    by hellenicshippingnews.. on 2017-12-04 at 22:00The Organization of Arab Petroleum Exporting Countries (OAPEC) said it is seeking cooperation with the World Bank (WB) in the gas and power sectors. A WB delegation visited the OAPEC headquarters in Kuwait City last week to discuss mainly the natural gas trade in the region and the Arab common market for electricity, said OAPEC … […]

  • In opposition Syria, makeshift refineries process precious crude
    by hellenicshippingnews.. on 2017-12-04 at 18:00In a opposition-held town in Syria’s northwest, streams of crude oil are piped into a cylindrical tank to be primitively refined, capping a weeks-long odyssey from fields further east. Over the past two years, nearly 100 makeshift refineries have cropped up around olive groves in Maarat Al-Naasan, now a hub for processing precious “black gold” … […]

  • Global LNG demand seen to hit 500mtpa by 2030
    by hellenicshippingnews.. on 2017-12-04 at 10:00Global LNG demand is expected to grow by nearly five percentage points every year, on average, to almost 500 million tonnes per annum (MTPA) by 2030. Projected population growth in developing economies, continuing high rates of urbanisation globally, and an increasingly environmentally conscientious public pushing for more regulations to adopt cleaner fuels in an effort … […]

  • Speculators cut U.S. natgas net longs to lowest in a year – CFTC
    by hellenicshippingnews.. on 2017-12-03 at 22:00U.S. natural gas speculators cut their net long positions to the lowest level since November 2016 on expectations supplies will be adequate this winter with storage near normal levels, output at record highs and forecasts for another warm winter. Speculators in four major New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE) markets reduced their … […]

  • GLOBAL LNG-Asia spot stays near 3-year high for third week
    by hellenicshippingnews.. on 2017-12-03 at 22:00Asian spot liquefied natural gas (LNG) prices were unchanged for a third week as traders converged on Lisbon for a major industry conference, curbing market activity. Spot prices LNG-AS for January delivery were steady at $9.85 per million British thermal units (mmBtu). A combination of factors including purchases by Taiwan and Turkey; below-average temperatures in … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Oil steadies above $62, expected fall in U.S. inventory supports
    by hellenicshippingnews.. on 2017-12-05 at 10:00Oil steadied above $62 a barrel on Tuesday as expectations of a drop in U.S. crude inventories and prolonged supply curbs by OPEC and other producers countered rising output in the United States. An OPEC-led producer group last week extended a supply-cutting deal through 2018, but the resulting support for prices could bolster U.S. output … […]

  • OPEC Can Drain Some Oil Barrels With a Calculator
    by hellenicshippingnews.. on 2017-12-05 at 10:00Catching a moving target is difficult, but it’s far easier if the target is moving toward you. OPEC and its associates, which extended their supply cuts on Thursday, are chasing a particularly elusive quarry known as the five-year average of commercial oil inventories in the OECD countries. This stockpile of oil held by companies (rather … […]

  • Malaysia’s Petronas forecasts oil prices to hold in $50s, $60s
    by hellenicshippingnews.. on 2017-12-05 at 10:00Malaysia’s state energy company Petroliam Nasional Berhad , or Petronas, forecast oil prices to hold in the $50s and $60s in its 2018-2020 Activity Outlook report. “In our view, the oil price outlook will hover around $50s to $60s per barrel,” said Petronas in the report released on Monday. Oil at $100 a barrel was … […]

  • Funds build record bullish position in oil ahead of 2018: Kemp
    by hellenicshippingnews.. on 2017-12-05 at 10:00Hedge fund managers raised their bullish position in crude oil and refined products by another 63 million barrels to a record 1,155 million barrels in the week before the OPEC meeting. Portfolio managers were emboldened as it became clear OPEC and its allies were likely to extend production cuts for another nine months until the … […]

  • With OPEC Meeting Done, Economy Set to Drive Oil
    by hellenicshippingnews.. on 2017-12-05 at 10:00Now that OPEC and non-OPEC members have agreed to extend oil production cuts through the end of 2018, the priorities for markets will be global demand and shale oil production. The demand side looks strong for the year ahead, and shale investments will be held back by three factors: a backwardated forward curve (or when … […]

  • Middle East Crude Osps Seen Set To Rise
    by hellenicshippingnews.. on 2017-12-04 at 22:00Key producers are expected to raise their official selling prices for crude oil in coming days on the back of a stronger Middle East market structure. The Dubai crude market structure, a key component in Saudi Arabia’s calculations, strengthened further in November on strong demand in Northeast Asia and sustained export cuts. But some traders … […]

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

  • LOOP Sour becomes lighter, sweeter for November: In the LOOP
    by Mary Hogan on 2017-12-05 at 05:01The US crude blend LOOP Sour was lighter and sweeter in November, even as the Louisiana Offshore Oil Port saw increased imports of Iraqi Basrah Light and Kuwaiti crude oil. The oil terminal allocates one of its eight underground caverns to a medium sour blend comprised of US Gulf of Mexico grades Mars and Poseidon […] The post LOOP Sour becomes lighter, sweeter for November: In the LOOP […]

  • 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 […]

Energy and Capital

  • Investing in the Wal-Mart of Weed
    by Jeff Siegel on 2017-12-04 at 08:00It’s the biggest cannabis player in the space. Some have actually called it the Wal-Mart of Weed! […]

  • Investing in the U.S. Military’s Worst-Kept Secret
    by Keith Kohl on 2017-12-01 at 08:00Energy and Capital editor Keith Kohl peels back the curtain of the U.S. military’s greatest weakness: its incredible thirst for energy. […]

  • Invest Ahead of the Scramble for Cobalt
    by Luke Burgess on 2017-12-01 at 08:00This key material is essentially what makes rechargeable lithium-ion batteries rechargeable. But now EV manufacturers are being forced to scramble for new supplies, creating a big opportunity for investors. […]

  • 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? […]

Energy Business Review – Exploration & Development

  • Magseis awarded contract extension for additional OBS survey in Red Sea
    on 2017-12-05 at 00:00Magseis has together with is partner, BGP, been awarded an extension to the ongoing contract with BGP Arabia and Saudi Aramco to acquire additional ocean bottom seismic data in the Red Sea. […]

  • Greenfields Petroleum to partner with SOCAR to drill deep gas wells in Bahar gas field
    on 2017-12-04 at 00:00Bahar Energy Operating Company (BEOC), a wholly owned subsidiary of Greenfields, has executed an exclusive memorandum of understanding (MOU) with SOCAR Complex Drilling Works Trust (SDT), a subsidiary of the State Oil Company of the Republic of Azerbaijan (SOCAR), to formalize a partnership for the drilling of deep gas wells in the Bahar gas field offshore Azerbaijan. […]

  • ADX signs investment deal for Romanian appraisal program
    on 2017-12-04 at 00:00ADX Energy has signed an agreement with Reabold Resources to invest $2m in the recently incorporated Danube Petroleum (Danube), currently a wholly owned ADX subsidiary, which (upon completion of transfers) will hold ADX’ 50% interest in the Parta exploration license (Parta), and 100% participating interest in the upcoming Parta Appraisal Program. […]

  • Pancontinental bags exploration rights for offshore Namibian block
    on 2017-12-04 at 00:00Australia-based Pancontinental Oil & Gas has secured exploration rights for an offshore block in Namibia, located in the Orange Basin. […]

  • JGC wins EPC contract for gas processing plant project in Indonesia
    on 2017-12-04 at 00:00JGC Corporation, in partnership with JGC Indonesia, a subsidiary of JGC Corporation, and PT Rekayasa Industri of Indonesia, has received an order for engineering, procurement and construction (EPC) work for the construction of a gas processing plant in Bojonegoro, East Java Province, Indonesia. […]

  • ExxonMobil signs production sharing contracts for three Mauritania offshore blocks
    on 2017-12-04 at 00:00ExxonMobil wholly owned affiliate, ExxonMobil Exploration and Production Mauritania Deepwater has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks. […]

Energy Business Review – Drilling & Production

Oil & Gas iQ

  • Exploring the next steps for the LNG bunkering market
    by Oil & Gas IQ Events on 2017-12-05 at 14:32LNG consistently outperforms traditional maritime fuels on a local emissions basis and in greenhouse gas performance. In a sector which currently makes up 2.2 per cent of global emissions, pressure is mounting on the maritime industry to adopt more environmentally friendly fuels and the widespread […]

  • Optimising Europe's first LNG bunker vessel
    by Oil & Gas IQ Events on 2017-12-05 at 14:32The 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 2017-12-05 at 14:32The 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 2017-12-05 at 14:32Phil 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 […]

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines

Business Standard – Commodities | Oil & Gas