Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES

09-01-2018


Various PDVSA News

  • Economic crisis means tough start to 2018 for Venezuelans
    on 2018-01-09 at 03:22… the head of the country’s agribusiness sector Fedeagro. “For 2018, we have nothing,” he warned. The IMF forecast a drop in GDP of 12 percent in 2017 and 6.0 percent in 2018. The state as well as its oil company PDVSA have been declared in default due to delays on capital payments and interest on … […]

  • Maduro To Issue First 100 Million Petros Despite Skeptics
    on 2018-01-09 at 00:00Citgo, Venezuela’s state-owned U.S. subsidiary, cannot currently repatriate its earnings to PDVSA due to the measures. And Venezuela has yet to outline for investors how the coins will be created or traded and how the government plans to lower the number of coins in the market once the oil is used up. […]

  • UPDATE 1-Group says Venezuela bonds should trade minus interest
    on 2018-01-08 at 22:27Between its sovereign bonds and the debt of state-owned oil company PDVSA, the country is late on about US$1.629bn in payments, with a good portion of it falling outside the grace periods, according to Nomura. Even so, Monday’s recommendation just targets sovereign bonds, failing to mention debt … […]

  • Halliburton: $400 Million Exposure To Venezuela Could Be Problematic
    on 2018-01-08 at 21:56China’s Sinopec is suing Venezuela’s PDVSA for conspiracy to commit fraud. PDVSA and Venezuela are having trouble paying their debts. HAL has over $400MM of exposure to Venezuela. WFT receives 16% of its revenue from Latin America overall. I rate HAL a hold and WFT a sell. Venezuelan … […]

  • Venezuela Oil Production Crashes to 28-Year Low
    on 2018-01-08 at 19:13CARACAS – The oil production of state-owned Petroleos de Venezuela (PDVSA) fell by 100,000 barrels a day in December and stood at 1.7 million … the state oil company PDVSA cutting funds, personnel and equipment and affected by the sanctions of the United States, which restrict their financing.&rdquo […]

  • OPEC Won’t Compensate For ‘Small’ Supply Outages
    on 2018-01-08 at 18:00Venezuela, for its part, is woefully short on cash, gasoline, and pretty much everything as its economy continues to collapse while President Nicolas Maduro tries to service sovereign bond payments and those of the state oil firm PDVSA. Venezuela’s oil production has been falling steadily over the past … […]

  • Dutch studying PDVSA reply to Caribbean oil-facility repair demand
    on 2018-01-08 at 17:27Source: Curacao Chronicle KRALENDIJK – Dutch authorities are evaluating Venezuelan state-run oil company’s PDVSA’s response on Friday to a demand to repair or close a decaying oil-storage facility on the Caribbean island of Bonaire, a spokeswoman said. The terminal is a key PDVSA facility and … […]

  • Dutch studying PDVSA reply to Caribbean oil-facility repair demand
    on 2018-01-08 at 16:14The terminal is a key PDVSA facility and its loss would hurt shipments to customers in Asia. The poor state of the terminal is another example of how Venezuela’s lack of cash is damaging its ability to deliver the oil that accounts for more than 95 percent of its export revenue. In December, the inspectorate … […]

  • Venezuela’s oil production sinks to lowest since 2002
    on 2018-01-08 at 15:45A sculpture, depicting an oil derrick in a hand, stands outside of the Petroleos de Venezuela SA (PDVSA) building ahead of government debt meetings in Caracas, Venezuela, on Monday, Nov. 13, 2017. Venezuela rolled out a literal red carpet for investors coming to debt restructuring talks in the capital … […]

  • Venezuela’s ‘Cryptocurrency’ Isn’t Really A Cryptocurrency At All
    on 2018-01-08 at 15:44Both the country and its state-owned oil company PDVSA defaulted on their U.S. dollar debt in November 2017: the International Swaps and Derivatives Association (ISDA) declared the default a “credit event,” triggering payment of credit default swaps. Clearly, Venezuela is not producing enough oil to … […]

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • Rystad says discovered resources at all-time low for 2017
    on 2018-01-08 at 21:51Exploration added a record-low 7 billion boe in 2017, not seen since the 1940s, said Mlada Passos, senior analyst at Rystad Energy. […]

  • Lucid Energy to sell Delaware basin unit for $1.6 billion
    on 2018-01-08 at 21:39Lucid Energy Group agreed to sell Lucid Energy Group II to a joint venture controlled by Riverstone Global Energy & Power Fund VI, an investment fund managed by Riverstone Holdings, and investment funds managed by the Merchant Banking Division of Goldman Sachs Group for $1.6 billion in cash.&nbs […]

  • EPP to expand Mont Belvieu butane isomerization capacity
    on 2018-01-08 at 20:01Enterprise Products Partners LP (EPP), Houston, will expand capacity of a 116,000-b/d butane isomerization plant at its NGL fractionation and storage complex in Mont Belvieu, Tex.&nbs […]

  • Sinopec lets contract for Eni slurry technology
    on 2018-01-08 at 19:51China Petrochemical Corp. (Sinopec) has let a contract to Eni SPA to provide technology licensing and basic engineering for a grassroots bottom-of-the-barrel upgrading plant to be built at Sinopec subsidiary Maoming Petrochemical Co. Ltd.’s more than 470,000-b/d Maoming integrated refining complex in Guangdong Province, China.&nbs […]

  • Indian group’s bid for Israeli block a turn away from Iran
    on 2018-01-08 at 18:13ONGC Videsh Ltd. (OVL) and partners will receive exploratory rights to a block off Israel in what looks like a swerve by India away from Iran. […]

  • Carrell joins Southwestern Energy as COO
    on 2018-01-08 at 18:08Clayton A. Carrell joined Southwestern Energy Co., Houston, last month as executive vice-president and chief operating officer.&nbs […]

World Oil – US Onshore

Various Oil & Gas News

  • Gold, Silver, Copper and Crude Oil Briefing
    on 2018-01-09 at 06:45Gold at 1319.11 is in a pause mode after rallying from levels near 1240. A small pause is possible with a maximum extension towards 1300 on the Southside before another leg of rally sets in. Medium term looks Bullish to me. Brent Crude at 68.22, and WTI Crude Oil at 62.2 moved up. As I mentioned … […]

  • Oil prices rise on declines in productivity, OPEC cuts
    on 2018-01-09 at 06:33Beyond that spike, Tuesday’s peak was the highest level for WTI since December 2014, the start of the oil market slump. Brent crude, the international standard, gained 16 cents to settle at $67.78 per barrel. Traders said … “Speculators continued to increase their net long in ICE Brent … According to … […]

  • WTI Crude Oil Price Analysis for Jan 9, 2018
    on 2018-01-09 at 04:30WTI crude oil looks prime to resume its uptrend as price is finding support at the rising trend line. A bounce can be seen off the 100 SMA dynamic support as well, and this is above the longer-term 200 SMA to confirm that the path of least resistance is to the upside. Applying the Fibonacci extension tool … […]

  • US oil prices hit highest since 2015, but doubts loom over rally
    on 2018-01-09 at 01:30Beyond that 2015-high, which was a short intra-day spike, Tuesday’s peak was the highest level for WTI since December, 2014, at the start of the oil market slump. Brent crude futures LCOc1 were at $68.12 a barrel, 34 cents, or 0.5 percent, above their last close. Brent touched $68.27 last week, … […]

  • Oil Refinery Stocks Are Up 30%
    on 2018-01-09 at 01:07We’re going to look at the “3:2:1 crack spread,” which tries to approximate the product yield at a typical U.S. refinery: For every three barrels of crude oil the refinery processes, it produces two barrels of gasoline and one barrel of distillate fuel. We’ll also use West Texas Intermediate Crude spot prices, … […]

  • There’s a Big Victim From OPEC’s Oil Cuts
    on 2018-01-09 at 00:11In 2013, a year when Brent crude reached almost $120 a barrel, supertankers earned an average $18,621 a day, according to Clarkson. Two years later, amid the oil-price slump, daily returns jumped to an average $64,846. Since June, Brent futures have soared 51 percent to the highest level in more … […]

  • Oil Toys With $62 Amid Iranian Friction, US Drilling Pullback
    on 2018-01-08 at 20:48The global benchmark crude traded at a premium of $6.06 to March WTI. Iranian President Hassan Rouhani said the anger that led to a week of anti-government protests exposed the need for the greater freedoms he has long championed, as well as a stronger economy. In the U.S., drillers reduced the … […]

  • Hong Kong shares rise fifth day in a row
    on 2018-01-08 at 19:52Oil prices were stable yesterday, supported by a slight decline in the number of US rigs drilling for new production, with crude holding just below near three-year highs reached last week. US West Texas Intermediate crude futures CLc1 were at US$61.50 (HK$479.70) a barrel, six US cents above their … […]

  • Commodity rally driven by revival in global manufacturing activity
    on 2018-01-08 at 19:07WTI crude oil prices averaged $51 a barrel in 2017 and ended the year $6 higher than at the end of 2016. … The Opec agreement to curtail crude oil production in 2017 and subsequent extension of that agreement through 2018 tightened crude oil supplies, which put upward pressure on crude oil prices. […]

  • Oil Futures End Mixed
    on 2018-01-08 at 18:42NEW YORK (DTN) — New York Mercantile Exchange spot-month oil futures ended shallowly mixed Monday with West Texas Intermediate crude and Brent crude on the Intercontinental Exchange higher on risks to Middle East oil supply and expectations U.S. crude oil inventories continued to draw down … […]

Oil & Gas 360

Economic Times

Hellenic Shipping News Worldwide – General Energy News

  • Asia refining margins drop to lowest since May on ample supplies, crude gains
    by hellenicshippingnews.. on 2018-01-09 at 10:00Profits for Asia’s oil refiners dropped to their lowest since May last year as rising supplies dragged down regional fuel prices at the same time that global crude oil prices have climbed to two-year highs, data on Thomson Reuters Eikon showed. Margins at a typical complex refinery in Singapore fell on Friday to $5.93 a … […]

  • Angola LNG production setback prompts tender cancellation
    by hellenicshippingnews.. on 2018-01-08 at 22:00A production issue affecting the Chevron-led Angola liquefied natural gas (LNG) export facility has prompted the cancellation of a tender to sell a spot cargo that was due to load this week, market sources said. Angola LNG circulated a notice to the trading community on Monday advising them of the production issue. “On behalf of … […]

  • Qatargas-RasGas merger set to consolidate LNG lead: Al-Kaabi
    by hellenicshippingnews.. on 2018-01-08 at 22:00The Qatargas–RasGas merger has many benefits including that all of the country’s competencies in LNG are in one place, said Qatar Petroleum president and CEO Saad Sherida al-Kaabi. “There are many benefits that are not talked about. For me, the number one benefit is that I have one entity in Qatar marketing Qatar’s LNG. Until … […]

  • Australian LNG prices seen steady in FY 2018-19: government
    by hellenicshippingnews.. on 2018-01-08 at 18:00Australia’s chief economist is forecasting the price of the country’s LNG on a FOB basis will be relatively stable in fiscal 2018-2019 (July-June) after rising from the 2016-2017 period, according to the Department of Industry, Innovation and Science’s Resources and Energy quarterly published Monday. The country’s LNG export unit value is forecast to average $7.2/MMBtu … […]

  • U.S. Northeast gas prices drop as extended freeze thaws
    by hellenicshippingnews.. on 2018-01-08 at 18:00Spot natural gas prices in the U.S. Northeast for Monday dropped on forecasts for less cold weather this week after they soared to all-time highs last week during an extended freeze. Next-day gas in New England dropped to $20.25 per million British thermal units for Monday from a record $82.75 for Friday, according to data … […]

  • 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 … […]

Hellenic Shipping News Worldwide – Oil & Companies News

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

  • December sees lower crude imports from Iraq, Latin America: In the LOOP
    by Mary Hogan on 2018-01-09 at 04:01Following a year-end selloff of crude to trim taxes on US Gulf Coast inventories, crude imports at the Louisiana Offshore Oil Port fell 3.235 million barrels month on month to 8.021 million barrels in December, according to US Customs Bureau and Platts Analytics data. Imports of Middle Eastern crude fell 4.37 million barrels month on month — […] The post December sees lower […]

  • 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 […]

Energy and Capital

Energy Business Review – Exploration & Development

Energy Business Review – Drilling & Production

Oil & Gas iQ

  • Controlling Contract Growth: Report
    on 2018-01-09 at 12:43Contract 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 2018-01-09 at 12:43The 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 2018-01-09 at 12:43LNG 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 2018-01-09 at 12:43The 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