Commodities: Oil & Gas – Featured Headlines



Various PDVSA News

  • PM vows to fix Pertotrin
    on 2018-01-08 at 01:41… a pipeline from the Dragon Fields to the existing Hibiscus Platform involving PDVSA, NGC and Shell. He said, “On completion of this historic bilateral development, the way will become clear for immediate access to 150m scf of much needed gas for the sustenance of our industrial plants in Point Lisas. […]

  • Global Energy Advisory Deals, Mergers And Acquisitions
    on 2018-01-07 at 23:22A United States Appeals court has dismissed the lawsuit Canadian mine Crystallex brought against Venezuela’s PDVSA, seeking to take control over its U.S. business, Citgo, as compensation for the nationalisation of assets under the late Hugo Chavez. A World Bank tribunal had awarded Crystallex … […]

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • New Iranian protests differ from those at start of revolution
    on 2018-01-05 at 22:09At least twenty Iranians have died because of—as opposed to from—bird flu. […]

  • ExxonMobil’s Ranger well yields sixth oil discovery off Guyana
    on 2018-01-05 at 21:06ExxonMobil Corp. says it plans additional exploration drilling on its Starbroek block offshore Guyana in 2018. The company’s affiliate, Esso Exploration & Production Guyana Ltd., encountered 230 ft of high-quality, oil-bearing reservoir with its Ranger-1 well about 60 miles northwest of the Liza discovery. […]

  • Baker Hughes: US rig count falls 5 units to 924
    on 2018-01-05 at 19:23The US drilling rig count fell 5 units to 924 rigs working during the week ended Jan. 5, data from Baker Hughes indicate. This total is up 259 units from a year ago. […]

  • HPCL lets contract for major crude unit at Visakh refinery
    on 2018-01-05 at 18:32Hindustan Petroleum Corp. Ltd. has let a contract to Larsen & Toubro subsidiary L&T Hydrocarbon Engineering Ltd. to provide engineering, procurement, construction, and commissioning for major processing units to be added as part of HPCL’s previously announced program to expand and modernize its 8.3 million-tonne/year Visakh refinery in Andhra Pradesh on India’s southeastern […]

  • Court rejects climate challenge to licenses
    on 2018-01-05 at 18:18Two environmental groups have lost a court fight against Arctic oil and gas licenses off Norway that they called the first lawsuit claiming governmental violation of the Paris climate accord. […]

  • MARKET WATCH: Brent crude for March settles above $68/bbl
    on 2018-01-05 at 17:22Brent crude oil prices reached a 3-year high on the London market Jan. 4, which analysts attributed to declining US crude supplies and possible risk to world oil supplies caused by protests in Iran. &nbs […]

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

  • Crude oil futures up at Rs. 3900 per barrel
    on 2018-01-08 at 06:11Analysts said speculators widened positions on account of output cut by OPEC and Russia, freezing weather in the US which has fuelled demand for heating oil and falling crude oil inventories. Meanwhile, West Texas Intermediate crude gained 0.26 per cent to $61.60 per barrel, while Brent crude, … […]

  • Dialog Group shares at all-time high
    on 2018-01-08 at 06:00The research house pointed out last week that West Texas Intermediate (WTI) crude oil prices finally breached the US$60 a barrel threshold, up 5% since the … AmInvestment Research said even with the extension of OPEC production quotas until the end of 2018, US crude oil production still remains … […]

  • Oil buoyed by drop in number of US drilling rigs
    on 2018-01-08 at 05:48Singapore — Oil prices firmed on Monday after a dip in the number of US rigs drilling for new production, with crude holding just below the highs of nearly three years reached last week. US West Texas Intermediate (WTI) crude futures were at $61.62 a barrel at 3.44am GMT, 18c or 0.3% above their last … […]

  • Oil prices edge up on lower US rig count
    on 2018-01-08 at 05:03Brent crude futures were at $67.77 a barrel, 15 cents, or 0.2 per cent, above their last close. Brent hit $68.27 high last week, the highest since May 2015. Traders said the gains were due to a slight decline in the number of US rigs drilling for new production, which eased by five in the week to January 5, … […]

  • Sluggish non-farm payroll weighs on dollar
    on 2018-01-08 at 05:03Crude oil price stayed at elevated levels as last Friday’s US DoE commercial crude oil report showed some 7.41 million barrels drop in stockpile over the last week. … Technically, however, Brent crude oil price is facing some resistance at a key 200% Fibonacci Extension level of US$68.0 area. […]

  • Gold, Silver, Copper and Crude Oil Briefing
    on 2018-01-08 at 05:03Strength in EUR 1.2033, and USD weakness will if seen be a Key supporting factor for increase in Gold’s price. Brent Crude at 67.76, and WTI Crude Oil at 61.62 have come off a bit, but are stable near term. Brent Crude has room to test at 70 before coming off, while WTI Crude Oil has come off its highs, … […]

  • Local market continues rally, ringgit betters 3.0 to Sing dollar
    on 2018-01-08 at 04:52WTI crude gained 15 cents to US$61.59 a barrel while Brent crude gained 12 cents to US$67.74 a barrel. The ringgit strengthened further against major currencies, moving up 0.41% to 2.9996 against the Singapore dollar. It gained 0.23% against the greenback to 3.988 and firmed up slightly against the … […]

  • HOME | Venezuela (Click here for more Venezuela news)
    on 2018-01-08 at 04:30In 2016, the United States imported an average of 797,000 barrels per day of crude oil and petroleum products from Venezuela, a decline of 49% from a decade ago. That makes Venezuela the third largest supplier of crude to the U.S., after Canada’s 3.556 million bpd and Saudi Arabia’s 1.02 million bpd … […]

  • Crude higher on improved demand, rising optimism
    on 2018-01-08 at 04:07Crude oil futures were higher during mid-morning trade in Asia Monday on the back of tightened market supply coupled with improved demand from China … At 11:30 am Singapore time (0330 GMT), ICE March Brent crude futures rose 17 cents/b (0.25%) from Friday’s settle to $67.79/b, while NYMEX … […]

  • Rising fuel prices can reignite subsidy talks, says analyst
    on 2018-01-08 at 03:33A key question going forward, Mohd Afzanizam said, is whether the rise in crude oil prices is sustainable as retail fuel prices are now subject to market forces. Brent crude oil broke the US$68 per barrel mark last Thursday and continued to trend at that level the following day, the highest it achieved since … […]

Oil & Gas 360

Economic Times

Hellenic Shipping News Worldwide – General Energy News

  • Data on Asia-Pacific 2018 maintenance starts to appear
    by hellenicshippingnews.. on 2018-01-08 at 10:00While the Asia-Pacific region saw little refinery maintenance at the end of the year, data has started to appear on works planned in Q1 and over the course of the year. –Taiwan’s CPC has shut the 15,000 b/d No.2 Residue Desulfurization Unit for maintenance at its 200,000 b/d Taoyuan refinery. The work started September 29 … […]

  • GLOBAL LNG-Spot prices rise as cold weather strikes, India buys
    by hellenicshippingnews.. on 2018-01-07 at 22:00Asian spot LNG prices rose to highs not seen since November 2014 on strong demand as a cold snap stimulated consumption in China and India launched fresh purchase tenders. Spot prices LNG-AS for February delivery steadied at $11.30 per million British thermal units (mmBtu), 10 cents above Jan. 2 levels. Heavy snowfall across parts of … […]

  • Winter storm to leave lingering impact on natural gas supply, storage
    by hellenicshippingnews.. on 2018-01-07 at 22:00As snow settles across New England and regional natural gas prices retreat, the lingering impact of this winter’s biggest storm yet is likely to extend beyond the frigid temperatures forecast for this weekend. On Friday morning, cash prices for this weekend’s flow dates were down sharply at hubs along the Northeastern Atlantic Seaboard, tumbling $75/MMBtu … […]

  • U.S. refining demand expected to spur need for Canadian heavy oil in 2018: report
    by hellenicshippingnews.. on 2018-01-07 at 22:00A new forecast from Deloitte says demand for Canadian heavy oil will likely rise this year as shrinking volumes from Mexico and Venezuela open new opportunities to sell to U.S. refineries. The accounting and consulting firm says the demand surge will work to overcome recently steeper price discounts received by Canadian producers due to pipeline … […]

  • India rushing to join natural gas boom risks
    by hellenicshippingnews.. on 2018-01-07 at 22:00India is planning to join the Asian rush to boost the use of natural gas over coal, a further sign that the liquefied natural gas (LNG) market will tighten faster than previously expected. India‘s state oil refiners Indian Oil, Bharat Petroleum and Hindustan Petroleum aim to raise the contribution of natural gas to between 5 … […]

  • Qatar remains bullish on natural gas prospects
    by hellenicshippingnews.. on 2018-01-07 at 22:00Qatar’s decision to develop an export-oriented gas project in the North Field and continue investing in gas shows the country’s confidence in the prospects of the cleanest fossil fuel. Within one month of the unjustified blockade on the country in June, Qatar announced plans to raise LNG production from 77mn to 100mn tonnes per year, … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Oil stable on lower U.S. rig count, but below recent highs
    by hellenicshippingnews.. on 2018-01-08 at 10:00Oil prices were stable on Monday, supported by a slight decline in the number of U.S. rigs drilling for new production, with crude holding just below near three-year highs reached last week. U.S. West Texas Intermediate (WTI) crude futures <CLc1> were at $61.50 a barrel at 0800 GMT, 6 cents above their last settlement. Futures … […]

  • Bromance to Break-Up: 4 Ways the OPEC Deal Could End Early
    by hellenicshippingnews.. on 2018-01-08 at 10:00OPEC and Russia have surprised the industry with the success of their grand alliance as oil surges to a three-year high. As the unlikely bond enters a second year, there are challenges ahead. Here are four scenarios that could end their deal earlier than planned. Street Fighting Tension is flaring in OPEC members Iran and … […]

  • Oil likely to see downward correction over the coming months, Commerzbank says
    by hellenicshippingnews.. on 2018-01-08 at 10:00Oil traders should expect prices to pullback by at least 15 percent over the coming months, according to a senior analyst at Commerzbank. Oil prices rose to their highest levels since mid-2015 on Wednesday amid political unrest in Iran, despite analysts saying there was little risk of supply disruption from OPEC’s third largest producer. And … […]

  • On crude chessboard, geopolitics trumps market rules
    by hellenicshippingnews.. on 2018-01-08 at 10:00Before retreating on Friday, oil was trading at its highest level since 2015. While US inventory was a contributing factor to the firming up of the market, the spike largely was largly linked to the protest rallies challenging the regime in Tehran. Anti-government protests have added a geopolitical risk premium to oil prices, one can’t … […]

  • Oil Prices: Is It Really All Downhill From Here?
    by hellenicshippingnews.. on 2018-01-08 at 10:00Crude prices ended 2017 on a high note, closing above $60 a barrel, which is its best level in more than two-and-a-half years. Fueling that improved pricing was a combination of factors, including OPEC’s decision to keep a lid on its production through 2018 and supply disruptions from both Libya and the North Sea. Meanwhile, … […]

  • Strong Demand and OPEC Cuts Should Help Boost Oil Prices in 2018
    by hellenicshippingnews.. on 2018-01-07 at 22:00Crude oil prices are expected to continue to rise in early 2018 as global oil demand remains strong and members of the Organization of Petroleum Exporting Countries (OPEC) look set to extend their current production cuts throughout the year. The latest report by Deloitte’s Resource Evaluation and Advisory (REA) group notes, however, that concerns over … […]

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

  • Five oil market myths that need dispelling: Fuel for Thought
    by Paul Hickin on 2018-01-08 at 04:01The oil market has come to be defined by several narratives over the past couple of years: market rebalancing, OPEC versus shale, Russia’s delicate relationship with OPEC, OPEC’s conformity with production cuts with the latest deal extension running to end of 2018 and shale’s resilience to lower prices. But these frameworks have created a narrow ideology that […]

  • 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 […]

Energy and Capital

Energy Business Review – Exploration & Development

Energy Business Review – Drilling & Production

Oil & Gas iQ

  • Controlling Contract Growth: Report
    on 2018-01-08 at 12:41Contract 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 2018-01-08 at 12:41The 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 2018-01-08 at 12:41LNG 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 2018-01-08 at 12:41The 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