Commodities: Oil & Gas – Featured Headlines



Various PDVSA News

  • Update: Venezuelan ties to oil-linked isles further sour
    on 2018-01-10 at 01:17The islands have oil refineries and storage facilities historically tied to Venezuelan state-owned oil company PDVSA. Although the oil-related links, which bring vital revenue to the islands, are not officially part of the air and sea closure, tensions over PDVSA’s lack of maintenance and investment has … […]

  • Venezuela sovereign bonds jump after group weighs in
    on 2018-01-09 at 22:07Bonds of state-owned oil company PDVSA meanwhile continue to trade with accrued interest, meaning sellers still have claims on coupons unpaid for any previous interest periods. “The price should adjust to reflect the new market practice given that there is some chance that the buyer may receive the … […]

  • Dutch regulators extend time for PDVSA’s oil-facility…
    on 2018-01-09 at 19:56Jan 9 (Reuters) – Dutch authorities on Tuesday agreed to Venezuela’s state-run oil company PDVSA’s request to extend the time needed to demonstrate its… […]

  • Venezuela is inching closer to collapse
    on 2018-01-09 at 18:00Venezuela produced 1.7 million barrels of oil a day, according to S&P Global Platts, which polled industry officials, traders and analysts and reviewed proprietary shipping data. That’s the lowest since 2002, when a failed coup temporarily took hold of the government-run oil company, PDVSA. Other than … […]

  • Venezuela inches closer to collapse
    on 2018-01-09 at 18:00That’s the lowest since 2002, when a failed coup temporarily took hold of the government-run oil company, PDVSA. Other than that, oil production is the lowest in 28 years. It’s down 27% just since 2014, when the country’s economic crisis took hold, according to OPEC and S&P figures. The decline in oil … […]

  • Analysis: Venezuela’s oil production plummets amid chaos and industry defections
    on 2018-01-09 at 17:03Sources in the country say new PDVSA President Manuel Quevedo, a brigadier general in the National Guard who was also named the country’s oil minister in November, sacked several high-level company officials in a so-called corruption purge at the end of the year and these people have yet to be … […]

  • Paraffin Wax Market Outlook to 2022: Emerging Trends and Will Generate New Growth …
    on 2018-01-09 at 11:57EMEA Paraffin Wax Market Report communicates about the manufacturing process. The process is analysed thoroughly with respect three points, viz. raw material and equipment suppliers, various manufacturing associated costs (material cost, labour cost, etc.) and the actual process of whole … […]

  • Global Petroleum Paraffin Market 2018 -CNPC, Sinopec, ExxonMobil, Sasol, Shell, LUKOIL, PDVSA
    on 2018-01-09 at 10:49Global Petroleum Paraffin Market 2018 Analysis Report reviews a Market Regions, Product Categories, with Sales, Business Revenue, Goods cost, Global Petroleum Paraffin Market bit of the general business and Growth designs, focusing on driving Petroleum Paraffin industry players, feature size, … […]

  • Halliburton: $400 Million Exposure To Venezuela Could Be Problematic
    on 2018-01-09 at 09:39Venezuelan President Nicolas Maduro. Venezuela is beset by recession, crime and stagflation. President Nicolas Maduro has cracked down on state-run oil company PDVSA. He has arrestedthe former head of PDVSA and over 60 executives with ties to the company. The purge has threatened PDVSA’s … […]

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • API: Oil and gas should be included in federal infrastructure push
    on 2018-01-09 at 22:40The administration of Donald Trump and the 115th Congress—having concluded 2017 by passing and enacting the first substantial federal tax reforms in decades—should turn their attention now to regulatory reforms and improvements to infrastructure that include new oil and gas pipelines, American Petroleum Institute Pres. Jack N. Gerard said. […]

  • FERC ends consideration of Perry’s power grid resiliency proposal
    on 2018-01-09 at 18:48The US Federal Energy Regulatory Commission has terminated a proceeding on Jan. 8 that considered US Energy Sec. Rick Perry’s Sept. 29 proposal on electric power grid pricing and resilience. It directed regional operators to provide information on whether they and FERC need to take additional action to make power grids more resilient instead. &nbs […]

  • Delek adds unit at La. refinery, mulls sale of idled Calif. assets
    on 2018-01-09 at 17:52Delek US Holdings Inc., Brentwood, Tenn., is building an alkylation unit to add product flexibility and increase margin potential at its 74,000-b/sd refinery in Krotz Springs, La. […]

  • CNX: Wells show deep, dry Utica potential
    on 2018-01-09 at 17:37Cost reduction and well performance enhanced by pressure management have demonstrated the commercial viability of dry-gas development in the deep Utica shale of central Pennsylvania, says CNX Resources Corp.&nbs […]

  • Verchere appointed to top jobs at OMV Petrom
    on 2018-01-09 at 16:46Christina Verchere has joined OMV AG as president of the executive board and chief executive officer of the company’s Southeast European oil and gas subsidiary, OMV Petrom SA, Bucharest. […]

  • MARKET WATCH: Oil prices rise pending US decision on Iran
    on 2018-01-09 at 16:34Light, sweet crude prices rose modestly Jan. 8 but settled for a second consecutive day below $62/bbl on the New York market while market participants await a decision on possible US sanctions against Iran. […]

World Oil – US Onshore

Various Oil & Gas News

  • Crude price spike is ‘head fake’: Kloza
    on 2018-01-10 at 06:56Energy expert Tom Kloza is arguing crude oil’s price comeback is not long for this world. Kloza, head of OPIS (Oil Price Information Service), is referring to the latest West Texas Intermediate and Brent price spikes as a “head fake.” “This is not going to be a (former Major League Baseball player) Barry … […]

  • Crude prices continue to climb, hit May 2015 highs
    on 2018-01-10 at 06:56Crude oil prices continue their upward trajectory, with Brent futures rising above $68 a barrel Tuesday, raising eyebrows of some producers in and out of OPEC, Kallanish Energy reports. The bullish sentiment has been supported by the unaffected compliance by OPEC and non-OPEC producers to their … […]

  • EIA revises up forecasts for 2018 oil prices
    on 2018-01-10 at 06:22Brent crude oil spot price is expected to average $60 per barrel in 2018 and $61 per barrel in 2019, according to January Short-term Energy Outlook (STEO) released by the US Energy Information Administration (EIA). This is while it its December STEO, EIA expected Brent spot prices to average $57 per … […]

  • Crude oil futures rise 0.85% on global cues
    on 2018-01-10 at 05:35… backed by OPEC-led output cuts, a dip in the US rig count and expectations US crude inventories fell for an eighth week supported prices at futures trade here. Meanwhile, West Texas Intermediate gained 2.64 per cent, to USD 63.36 per barrel, while Brent crude, climbed 2.04 per cent at USD 69.16. […]

  • Forecast predicts 2018 of record US oil production
    on 2018-01-10 at 05:26West Texas Intermediate (WTI) crude will average 55.33 U.S. dollars a barrel this year, the EIA said, up from last month’s estimate of 52.77 dollars, and 57.43 dollars in 2019. The global benchmark Brent is forecast to average 59.74 dollars in 2018, up from 57.26 dollars estimated in December, and 61.43 … […]

  • WTI Crude Oil Price Analysis for Jan 10, 2018
    on 2018-01-10 at 05:15WTI crude oil recently broke above the neckline of a long-term inverse head and shoulders pattern to show that an uptrend is underway. Price has since breached the 2015 highs around $62 per barrel, setting its sights on the next barrier at $82 per barrel. The 100 SMA is below the longer-term 200 SMA … […]

  • Oil rises above $68, highest since May 2015
    on 2018-01-10 at 02:15Global oil benchmark, Brent crude, extended its gains on Tuesday, trading near $69 per barrel on the back of production cuts led by the Organisation of Petroleum Exporting Countries and expectations that the United States’ crude inventories had dropped for an eight-week low. Brent, against which … […]

  • Oil prices hit highest since 2014, but analysts warn of overheated market
    on 2018-01-10 at 01:23U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.44 a barrel – 48 cents, or 0.8 percent, above their last settlement. They marked a December 2014 high of $63.53 a barrel in early trading. “The extension of the OPEC agreement … and declining inventories are all helping to drive the … […]

  • Asian shares step back from 2007 peak, oil at 3-year high
    on 2018-01-10 at 01:15The American Petroleum Institute said late on Tuesday crude inventories fell by 11.2 million barrels in the week to Jan. 5 to 416.6 million, far bigger than analysts’ expectations for a decrease of 3.9 million barrels. [API/S]. U.S. West Texas Intermediate (WTI) crude traded at $63.49 a barrel, up 0.9 percent … […]

  • Asian shares just shy of 2007 peak on earnings optimism
    on 2018-01-10 at 01:07US West Texas Intermediate (WTI) crude traded at $63.38 a barrel, having risen as high as $63.53 earlier. Brent crude ended Tuesday’s session up $1.04, or 1.5 per cent, at $68.82 per barrel after hitting a session high of $69.08, its highest since May 2015. In Asia, Chinese inflation data due later in the … […]

Oil & Gas 360

Economic Times

HydroCarbon Processing Crude-Oil

Hellenic Shipping News Worldwide – General Energy News

  • Genscape: Record Freeze-Offs Result from Widespread Winter Weather
    by hellenicshippingnews.. on 2018-01-10 at 10:00Widespread winter weather over the past two weeks has led to new records on both the production and the consumption sides of North American natural gas. In addition to the well-documented Northeast price blowouts brought on by the ‘bomb cyclone,’ the rapidly intensifying storm that pummeled the East Coast with heavy snow and record-setting cold, … […]

  • Singapore uncovers large oil heist at Shell’s biggest refinery
    by hellenicshippingnews.. on 2018-01-09 at 18:00Eleven men were charged in a Singapore court on Tuesday in connection with a large-scale oil theft at Shell’s biggest refinery, while police said they were investigating six other men arrested in a weekend raid. Police in the island-state said on Tuesday they had detained 17 men, whose ages ranged from 30 to 63, and … […]

  • 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 … […]

  • 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 … […]

  • 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 … […]

  • 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 … […]

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

  • Jan-Dec energy price averages rally late in first year of Trump: Of Presidents and Prices
    by Joseph Innace on 2018-01-10 at 04:01Seven of the benchmark commodity prices being tracked by S&P Global Platts since US President Donald J. Trump took office closed out 2017 higher than when President Obama left. Until Q4 2017, most commodity prices had struggled to see their 2017 running averages match — or surpass — their levels on the last day Obama […] The post Jan-Dec energy price averages rally late in […]

  • 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 […]

Energy and Capital

Energy Business Review – Exploration & Development

Energy Business Review – Drilling & Production

Oil & Gas iQ

  • Optimising Shutdown Strategies
    on 2018-01-10 at 13:35As operators contend with narrow profit margins, volatile markets and the tightening noose of emissions control optimising, the strategic and diligent planning of a shutdown and turnaround strategy is more important than ever. Approximately half of all shutdown projects are delayed by more than 20 […]

  • Controlling Contract Growth: Report
    on 2018-01-10 at 13:35Contract 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 2018-01-10 at 13:35The 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 2018-01-10 at 13:35LNG 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 […]

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines

Business Standard – Commodities | Oil & Gas