Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES

05-01-2018


Various PDVSA News

  • US Court Dismisses Claim Against Venezuela from Crystallex Mining Firm
    on 2018-01-05 at 00:01Crystallex had unsuccessfully tried to argue that PDVSA and Venezuela were “one and the same”. “Crystallex has failed to successfully plead a transfer “by a debtor” and thus failed to successfully plead a fraudulent transfer claim against [Delaware based subsidiary] PDVH under DUFTA [Delaware … […]

  • Third Circuit Shields Venezuela’s Shady Asset Transfers
    on 2018-01-04 at 21:22Crystallex paints the move as a fraudulent asset transfer, but PDVSA highlighted in a motion to dismiss that Crystallex won its judgment against Venezuela, meaning that the oil company cannot be considered the debtor. Though a federal judge shot down this argument, the Third Circuit reversed 2-1 … […]

  • Understaffed and overextended: How Venezuela’s oil industry fell apart
    on 2018-01-04 at 20:48Monaldi says that in 2003, Venezuela’s then-president Hugo Chavez fired about half the workforce of the state-run oil corporation, Petroleos de Venezuela (PDVSA), for taking part in a strike. About 80 percent of the top managers and engineers lost their jobs. PDVSA never recovered. Chavez also … […]

  • Risk of permanent sovereign Venezuela default rises: report
    on 2018-01-04 at 16:30Since early December, Nomura has been recommending relative value switches out of Venezuela debt into PDVSA bonds on the risk of selective default. – For a relative value comparison between PDVSA and the sovereign, the preference will be for dirty price where the sovereign price will only reflect … […]

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • Draft leasing program offers 90% of OCS
    on 2018-01-05 at 00:39[…]

  • EIA: US crude stocks down 7.4 million bbl
    on 2018-01-04 at 19:46US commercial crude oil inventories, which exclude the Strategic Petroleum Reserve, decreased by 7.4 million bbl during the week ended Dec. 29 from the previous week. […]

  • Study urged of gulf loop current system
    on 2018-01-04 at 19:17The National Academies of Science, Engineering, and Medicine (NASEM) has called for international, multi-institutional research, observation, and analysis of the Gulf of Mexico’s loop current system (LCS). […]

  • Oil firms agree to cut methane emissions
    on 2018-01-04 at 19:08BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total, and Wintershall have committed to further reduce methane emissions from natural gas operations. […]

  • Borealis lets Belgian PDH FEED-study pact
    on 2018-01-04 at 19:04Borealis AG, Vienna, has let a contract to Jacobs Engineering Group Inc., Dallas, to complete a front-end engineering design (FEED) study for its proposed propane dehydrogenation (PDH) plant at the operator’s existing production site in Kallo, Belgium. […]

  • State halts Mariner East 2 pipeline work
    on 2018-01-04 at 18:58Pennsylvania’s Department of Environmental Protection (DEP) ordered Sunoco Pipeline LP to stop construction of the Mariner East 2 natural gas liquids pipeline until it meets requirements in an order the agency issued. […]

World Oil – US Onshore

  • Andeavor enhances its Permian position through acquisition of Rangeland Energy II
    on 1970-01-01 at 00:00Andeavor has announced that it has agreed to acquire 100% of the equity of Rangeland Energy II, LLC. Rangeland owns and operates assets in the Delaware and Midland basins, including a recently-constructed crude oil pipeline, three crude oil storage terminals and a frac sand storage and truck loading facility. […]

  • U.S. gas market faces long-awaited test as cold spurs demand
    on 1970-01-01 at 00:00A polar blast across the eastern U.S. is proving to be a crucial test for the nation’s natural gas market: Can record demand spurred by the cold outweigh surging production from America’s shale basins, sparking a sustained rally? […]

  • IPAA, Western Energy Alliance applaud repeal of hydraulic fracturing rule
    on 1970-01-01 at 00:00The Independent Petroleum Association of America (IPAA) and Western Energy Alliance today applauded the Department of the Interior’s decision to repeal a costly Obama administration federal rule on hydraulic fracturing. […]

  • Five oil signals to watch as 2018 pits OPEC against shale
    on 1970-01-01 at 00:00Oil traders are going to have their work cut out for them in 2018. OPEC and its allies are heading into the second year of supply cuts to wipe out the global oil glut, while rising U.S. output is threatening those efforts. Geopolitical tensions also add a wild card to the market mix. […]

  • Oil holds gains above $58/bbl as U.S. drillers pause rig expansion
    on 1970-01-01 at 00:00Oil held gains above $58/bbl as trading resumed following the Christmas holiday and after U.S. explorers refrained from adding rigs for a second week. […]

  • America’s hottest oil play just needs a few thousand truckers
    on 1970-01-01 at 00:00When the price of oil collapsed in 2014 and disrupted drilling operations all across Texas’s massive Permian basin shale formation, truckers were among those hardest hit. Rendered unnecessary by the slump in output, they were fired in scores. Now, three years later, with oil prices inching back higher and production in the Permian soaring once again, the drillers want the truckers back. […]

Various Oil & Gas News

  • BrentWTI spread grew in 2017, EIA says
    on 2018-01-05 at 06:56Crude oil prices climbed in 2017 and the Brent-West Texas Intermediate spread has widened, according to the Energy Information Administration. Crude oil prices ended 2017 at $60 a barrel, the highest end-of-year price since 2013, EIA said. WTI crude oil prices averaged $51/Bbl last year, up $7/Bbl … […]

  • Budget 2018: Jaitley’s fuel price cushion slowly slipping away as Brent hovers above $68 per barrel
    on 2018-01-05 at 06:33Budget 2018: The Brent Crude Oil price was down 23 cents but still at $68.07 per barrel on Wednesday, seen inching towards $70 in coming days. Arun Thukral, MD & CEO, Axis Securities has said that among many other factors, the crude price could be a trigger too in the Budget 2018. On Thursday … […]

  • Oil dips away from 2015 highs as doubts emerge over rally
    on 2018-01-05 at 02:21U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $61.95 a barrel at 0619 GMT. That was 6 cents below their last close, though still near the $62.21-high reached the previous day, which was their strongest since May, 2015. Brent crude futures LCOc1 were at $67.99 a barrel, 8 cents below … […]

  • Oil prices hold near 2015 highs, but doubts over rally emerge
    on 2018-01-05 at 02:15U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $61.95 a barrel at 0151 GMT, 5 cents below their last close but not far off the $62.21 May 2015 high reached the previous day. Brent crude futures LCOc1 were at $68.03 a barrel, 4 cents below their last settlement, but not far off the $68.27 … […]

  • Oil prices climb on falling inventories
    on 2018-01-04 at 22:07Meanwhile, freezing weather in the United States spurred short-term demand, especially for heating oil. The West Texas Intermediate for February delivery added 0.38 dollar to settle at 62.01 dollars a barrel on the New York Mercantile Exchange, while Brent crude for March delivery gained 0.23 dollar to … […]

  • OPEC vs Shale: The Oil Saga Continues
    on 2018-01-04 at 21:56According to analysts, the $60-plus WTI price isn’t sustainable in the near term, barring geopolitical risks that could push prices up. The U.S. Energy Information Administration (EIA) expects U.S. crude oil production to have averaged 9.2 million bpd for all of last year. It expects U.S. crude oil production to … […]

  • Oil closes about $62 as stockpiles shrink
    on 2018-01-04 at 21:11Saudi Arabia cut February pricing for most of its crudes sold to U.S. buyers for a second month as the world’s largest oil exporter ships record-low volumes to American ports in its effort to trim a global glut. Analysts and traders are bullish on WTI crude futures, according to a Bloomberg survey. The Trump … […]

  • Charts that matter: Brent crude gears up for key test of highs
    on 2018-01-04 at 19:41Oil bulls have been running the Brent market for the past six months, with prices rallying more than 50 per cent since June to above $68 a barrel. But a key test of whether the rally will continue in 2018 could come in the next few sessions, with two key price targets within touching distance on the charts. […]

  • North Sea CrudeBrent, Forties diffs edge higher on tight programmes
    on 2018-01-04 at 17:48The Antonis Aframax tanker was the first to load crude at Hound Point since Dec. 12. The Antonis left the terminal loaded with oil on Dec. 31, according to Reuters ship tracking. * In February, the volume of the 12 North Sea grades tracked by Reuters will be at its lowest since September 2014, mainly due … […]

  • Price gap between Canadian crude and US oil could shrink in 2018, Deloitte says
    on 2018-01-04 at 17:38Assuming Canada can boost its market share and get more access to U.S. heavy oil refining capacity, the price differential between Western Canadian Select (WCS) and WTI prices will likely shrink, the report says. “If the Canadian sector is going to see continued growth, I think that’s going to take more … […]

Oil & Gas 360

Economic Times

Hellenic Shipping News Worldwide – General Energy News

  • America’s Gas Market Faces Litmus Test as Demand Soars Amid Cold
    by hellenicshippingnews.. on 2018-01-05 at 10:00A polar blast across the eastern U.S. is proving to be a crucial test for the nation’s natural gas market: Can record demand spurred by the cold outweigh surging production from America’s shale basins, sparking a sustained rally? Deliveries of the heating and power-plant fuel jumped to 143 billion cubic feet on New Year’s Day … […]

  • China’s LNG prices drop as industrial users curbed, supply crunch eases
    by hellenicshippingnews.. on 2018-01-04 at 22:00Liquefied natural gas (LNG) prices in northern China have dropped more than 40 percent from record highs reached less than two weeks ago as a supply crunch has eased and curbs have been enacted on industrial users of the fuel. Ex-plant LNG prices were quoted at 5,700 yuan ($877) per tonne in the Inner Mongolia … […]

  • Iran to soon surpass Qatar in South Pars: official
    by hellenicshippingnews.. on 2018-01-04 at 22:00“The production from the field is around 500-570 million cubic meters per day (mcm/d) on average and with the phase 14 going operational, Iran’s output from the joint field will exceed that of Qatar, the official said in a press conference in the southern port city of Bandar Abbas on Tuesday after loading the platform … […]

  • Sinopec’s Fuling field produces over 6 bcm of shale gas in 2017, sales up 20 pct – Xinhua
    by hellenicshippingnews.. on 2018-01-04 at 22:00Sinopec’s Fuling shale gas field in south-western Chongqing produced more than 6 billion cubic meters of gas in 2017, the Xinhua News Agency said on Thursday, citing Sinopec executives. The field’s gas sales reached nearly 5.8 billion cubic meters last year, up 20 pct on year, Xinhua said. The Fuling project is China’s largest shale … […]

  • Natural Gas Demand Hits Record As Cold Bomb Targets Northeast
    by hellenicshippingnews.. on 2018-01-04 at 22:00Brutal cold brought record low holiday temps from the midwest through New England. Boston hasn’t seen such a cold spell since 1872. Power prices in New England have exploded to $190 per megawatt-hour today, with a peak last night of $289 per mwh (versus an annual median closer to $50 per mwh). It could get … […]

  • China: Clean energy takes larger share in China’s rust belt
    by hellenicshippingnews.. on 2018-01-03 at 22:00Clean energy last year made up a larger share of the energy mix in Heilongjiang, a province in China’s Northeast rust belt. Clean energy led by wind generated 15 percent of the total electricity in 2017, said the State Grid Heilongjiang Electric Power Company on Jan 3. The share rose by 2.6 percentage points compared … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Oil bulls look to Trump rather than Iran protests
    by hellenicshippingnews.. on 2018-01-05 at 10:00The global market for oil enters 2018 susceptible to price-hiking geopolitical shocks. Unrest in Iran, which now looks to be dissipating, was an early contender. The next event – U.S. President Donald Trump’s potential rethinking of a 2015 agreement to relax sanctions on the Islamic Republic – is more likely to cause waves. One reason … […]

  • LOOP Sour becomes heavier, more sour for December: In The LOOP
    by hellenicshippingnews.. on 2018-01-05 at 10:00The US crude blend LOOP Sour was heavier and more sour in December, with about 52% of imported barrels consisting of heavy sour grades. In total, LOOP imported fewer barrels month on month of Iraqi Basrah Light and Kuwait Export crude. The oil terminal allocates one of its eight underground caverns to a medium sour … […]

  • Oil slips away from 2015 highs as doubts emerge over rally
    by hellenicshippingnews.. on 2018-01-05 at 10:00Oil prices fell on Friday, dropping away from highs last seen in 2015, as soaring U.S. production undermined a 10-percent rally from lows hit in December that was driven by tightening supply and political tensions in OPEC member Iran. U.S. West Texas Intermediate (WTI) crude futures were at $61.81 a barrel at 0750 GMT. That … […]

  • Another OPEC Promise: Fool Me Twice, Shame On Me
    by hellenicshippingnews.. on 2018-01-05 at 10:00OPEC is back again, with an extension of its November 2016 accord that – subject to review – will extend its existing production quotas through 2018. The oil market responded by pushing oil prices up quickly and sharply to near $60 at year end. This comes after OPEC promised to crush American fracking in November … […]

  • Key Oil Market Indicator Shows Market Tightest in Three Years
    by hellenicshippingnews.. on 2018-01-04 at 22:00One of the key gauges of oil market strength hasn’t looked this good for bulls since 2014. West Texas Intermediate futures closest to expiry are trading at the biggest premium to the next month in more than three years, as inventories plunge at the key storage hub of Cushing, Oklahoma. Stockpiles at Cushing — the … […]

  • Singapore fuel oil stocks drop despite shrinking exports
    by hellenicshippingnews.. on 2018-01-04 at 22:00Singapore weekly onshore fuel oil inventories fell 10 percent, or 2.462 million barrels (about 367,000 tonnes), to a two-week low of 22.728 million barrels (3.392 million tonnes) in the week ended Jan. 3, data from International Enterprise (IE) Singapore showed on Thursday. This came despite a 149 percent jump in fuel oil net imports into … […]

Oil & Gas Financial Journal

  • Energy insurance market in 2017
    on 2018-01-02 at 06:04For the first time in several decades, the energy insurance market cycle has not tracked with a depressed energy market. This year, 2017, will be seen as the year insurance savings came to a grinding halt. […]

  • Wolfcamp shale
    on 2018-01-02 at 05:59Oil and gas production has been on the rise in the Wolfcamp formation of the Permian Basin in recent years, attributable to efficient horizontal drilling and a low cost per barrel, particularly in the Delaware Basin. However, reserve forecast and replacement is an ongoing challenge for oil and gas operators. […]

  • Non-operated JVs
    on 2018-01-02 at 05:56fsdfsddf […]

  • Peak oil demand
    on 2018-01-02 at 05:52The past couple of years have seen a shift from concerns that oil supply would soon peak to a recognition of the potential for oil demand to peak and decline, which would have a significant impact on the value of oil companies’ equities, comparing it to the sharp downdraft in US coal company stocks. Unfortunately, there remain some serious questions and uncertainties that will be addressed in […]

  • Financial restructuring south of the border
    on 2017-12-29 at 22:40Navigating complexities of two legal systems requires some expertis […]

  • Energy capital evolution
    on 2017-12-29 at 22:27Energy Lawyer Buddy Clark talks about the year and what we may see in 2018 […]

The Barrel

  • LOOP Sour becomes heavier, more sour for December: In The LOOP
    by Mary Hogan on 2018-01-04 at 04:20The US crude blend LOOP Sour was heavier and more sour in December, with about 52% of imported barrels consisting of heavy sour grades. In total, LOOP imported fewer barrels month on month of Iraqi Basrah Light and Kuwait Export crude. The oil terminal allocates one of its eight underground caverns to a medium sour blend […] The post LOOP Sour becomes heavier, more sour for December: […]

  • Coal’s future in Asia is far from bleak
    by Deepak Kannan on 2018-01-03 at 07:23The one question that I get asked every other day is “What’s the future of coal in Asia?” Especially after the Paris Climate agreement a couple of years ago, where 196 countries signed a pact to reduce carbon emissions by 2022. No doubt renewable energy capacity additions have picked up pace since then, but is […] The post Coal’s future in Asia is far from bleak […]

  • LME ferrous scrap contract spread to underlying market persists: analysis
    by Pascal Dick and Vaseem Karbhari on 2017-12-22 at 12:00With the London Metal Exchange’s ferrous scrap futures contract clearing a record 500,000 metric tonnes last month, we take a closer look at market fundamentals driving up both physical and forward prices for obsolete scrap in recent weeks. Spot prices for HMS #1&2 80:20 CFR Turkey were range-bound for the first half of November, with […] The post LME ferrous scrap contract […]

  • Do oil hubs dream of electric vehicle fleets? Singapore certainly does
    by Eric Yep on 2017-12-21 at 05:01Earlier this month, Asia’s largest oil trading hub, Singapore, launched its first electric vehicle-sharing service with 80 cars and 30 charging stations. This will eventually hit 1,000 electric cars and 500 stations with 2,000 charging points. The service was launched by BlueSG, a subsidiary of France’s Bolloré Group that runs the world’s largest electric car sharing […]

  • Oil and gold looking a little bit more “normal” as 2017 draws to a close
    by John Kingston on 2017-12-20 at 12:00A few weeks ago in London, at a pre-conference dinner before the Platts Digital Commodities Summit, the conversation naturally turned to bitcoin and other cryptocurrencies, and the rejection – and disdain – that many supporters of the entire crypto movement have for what are known as “fiat currencies.” Most people know fiat currencies as everything […] The post Oil […]

  • India overcomes policy hurdles to strengthen steel sector in 2018-19
    by Paul Bartholomew on 2017-12-20 at 05:50Just over a year ago, delegates flying into Mumbai to attend the S&P Global Platts Steel Markets Asia conference were confronted by enormous queues at the sole ATM near the terminal exit gates. “Surely there are other ATMs in Mumbai,” your correspondent thought. What no one realized at the time was that we had stumbled […] The post India overcomes policy hurdles to […]

Energy and Capital

  • Why Jeff Sessions’ decision on Cannabis doesn’t Matter
    by Jeff Siegel on 2018-01-04 at 08:00Jeff Sessions his waving his prohibitionist sword again, and the market is destroying pot stocks. But don’t worry. It’s only temporary. In fact, we’re now looking to pick up some really nice bargains. […]

  • U.S. Pot Stocks for 2018
    by Jeff Siegel on 2018-01-04 at 08:002018 is your chance to get rich on pot stocks. Energy & Capital editor Jeff Siegel discusses the markets that will be first out of the gate in the New Year… […]

  • Iran, a Pipe Dream
    by Christian DeHaemer on 2018-01-03 at 08:00Last year I predicted that oil, specifically West Texas Intermediate, would end the year with a price of $61.55 a barrel. It closed the year at $60.28…Here’s Where I think it’s headed this year. […]

  • Gold: The Original Cryptocurrency
    by Luke Burgess on 2018-01-02 at 08:00There are five good reasons to load up on gold in 2018, Energy and Capital editor Luke Burgess breaks them down inside… […]

  • 8 Stock Market Predictions for 2018
    by Christian DeHaemer on 2017-12-28 at 08:00Energy and Capital editor Christian DeHaemer gives you eight market predictions for 2018. […]

  • Bitcoin and Bombs: The War on Crypto
    by Luke Burgess on 2017-12-26 at 08:00Bitcoin is not completely worthless. But those who believe the cryptocurrency is going to usher in some kind of new Utopian era for humanity are either purposely lying or completely stupid. […]

Energy Business Review – Exploration & Development

Energy Business Review – Drilling & Production

Oil & Gas iQ

  • Controlling Contract Growth: Report
    on 2018-01-05 at 14:33Contract change is inevitable regardless of industry; it is part of every project’s DNA.Change falls into two main categories, foreseen and unforeseen. It’s the latter that typically gets projects into trouble causing cost overruns and schedule delays/disruptions, and of course “unforeseen&rdquo […]

  • 2017 and Beyond: The Future for Floating Production
    on 2018-01-05 at 14:33The oil and gas world has changed immensely since the oil price crash in 2014, modifying the way that companies have approached their long-established contract processes. As an upstream business, the floating production sector is no different and has had to roll with the tide.In EMA’s annua […]

  • Exploring the next steps for the LNG bunkering market
    on 2018-01-05 at 14:33LNG 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
    on 2018-01-05 at 14:33The 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 […]

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines

Business Standard – Commodities | Oil & Gas