Commodities: Oil & Gas – Featured Headlines



Various PDVSA News

  • Deudas de PDVSA
    on 2018-01-11 at 02:58Autoridades de Curazao ordenan retener un buque petrolero con cargamento de Pdvsa · 10 Enero, 2018 administradorDestacados. El buque petrolero panameño Proteo que iba a partir hoy de la bahía de Bullenbaai en la isla caribeña de Curazao con un cargamento de crudo venezolano fue retenido … […]

  • VENEZUELA: Country And China Review Projects To Increase Oil Production
    on 2018-01-11 at 02:15(RTTNews) – Representatives of the Venezuelan oil company PDVSA and the China National Petroleum Corporation (CNPC) reviewed the scope of their Petrosinovensa joint venture and other joint projects aiming at accelerating oil production. The meeting was held at the PDVSA facilities in Caracas, … […]

  • Establishment Insider Calls for Military Intervention in Venezuela
    on 2018-01-10 at 20:26Maduro, instead of addressing the issue head on — by admitting that his socialist Chavismo program isn’t working and thus removing government pressures, sanctions, and mandates from the economy — he instead arrested some 60 senior managers of his state-owned energy company PdVSA, … […]

  • Venezuela’s Parliament Outlaws Maduro’s Cryptocurrency
    on 2018-01-10 at 18:00… participating in the new debt issued by Venezuela or its state oil firm PDVSA. In early December, Maduro shocked both analysts who follow the country’s flirting with default and the cryptocurrency community by announcing that Venezuela was planning to launch the petro cryptocurrency, backed by oil, … […]

  • Haiti – FLASH : No more oil from Venezuela for Haiti because of Trump
    on 2018-01-10 at 17:26Recall that previously and according to the price of a barrel on the international market, the Haitian Government transferred from 40% to 75% of the amounts collected, to the PDVSA Petroleo SA, the difference that can be paid by Haiti, over 25 years at a rate of annual interest of 1% after a grace period of … […]

  • Oil tanker PDVSA seized in Curaçao
    on 2018-01-10 at 17:08Source: Curacao Chronicle Various shipping companies are demanding a hefty $ 30 million from PdVSA for outstanding invoices. WILLEMSTAD – The Panamanian oil tanker Proteo is not allowed to depart from Bullenbaai. The ship is on the chain. The cargo of Venezuelan crude oil has been seized. […]

  • Algeria sends more oil to Cuba as Venezuelan supplies fall
    on 2018-01-10 at 17:03Insufficient crude imports last year – mainly from Venezuela – forced Cuba’s state-run oil company Cupet to cut operations at its 65,000-barrel-per-day Cienfuegos refinery, where Venezuelan state oil company PDVSA had a 49-percent stake until August. It only refined 24,000 bpd of crude last year, … […]

  • Venezuela strengthens ties with Portugal
    on 2018-01-10 at 17:03Venezuela and Portugal have announced a series of cooperation agreements in the areas of oil and gas, electric power, infrastructure, education, science, health and food. Some 22 accords were signed following talks between Venezuelan President Nicolás Maduro and Portuguese foreign minister … […]

  • Oil tanker PDVSA seized in Curaçao
    on 2018-01-10 at 16:47Various shipping companies are demanding a hefty $ 30 million from PdVSA for outstanding invoices. WILLEMSTAD – The Panamanian oil tanker Proteo is not allowed to depart from Bullenbaai. The ship is on the chain. The cargo of Venezuelan crude oil has been seized. According to local Dutch … […]

  • Oil production in Venezuela has fallen to 15-year low
    on 2018-01-10 at 15:22According to experts, this process will continue in the future, as Venezuelan state oil Corporation Petroleos de Venezuela SA (PDVSA) faces an acute shortage of funds, as well as its torn apart by corruption scandals. Besides, the oil industry of this country literally crippled the oil crisis that happened in … […]

  • Oil tanker PDVSA seized in Curaçao
    on 2018-01-10 at 14:48The ship is on the chain. The cargo of Venezuelan crude oil has been seized. According to local Dutch newspaper Amigoe, this has been done by international shipping companies. They demand a hefty 30 million US dollars from the Venezuelan State Oil company PdVSA for outstanding invoices. […]

  • World View: Venezuela Threatens to Close Borders with Colombia and Dutch Territories
    on 2018-01-10 at 13:49Venezuela has more oil than any other nation in the world, but because of successful implementation of pure Socialism by Chávez and by the current dictator, Nicolás Maduro, the oil company PDVSA has been nationalized and turned over to the dictator’s Socialist cronies, who are so corrupt and … […]

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • US Chamber chief wants energy included in infrastructure discussions
    on 2018-01-10 at 21:26US Chamber of Commerce Pres. Thomas J. Donohue said oil and gas pipelines and electricity transmission systems must be included as he listed US infrastructure improvements as a top priority in 2018 in his annual State of American Business address on Jan. 10. […]

  • Karoon entices Tullow for offshore Peru well
    on 2018-01-10 at 18:22Karoon Gas Australia Ltd., Melbourne, has sealed a deal to bring Tullow Oil PLC, London, into its exploration venture offshore Peru. […]

  • Statoil hires Oceaneering to deliver umbilicals for Johan Castberg
    on 2018-01-10 at 18:01Statoil Petroleum AS has hired Oceaneering International Inc. to supply umbilicals for the Johan Castberg project offshore Norway in the Barents Sea. […]

  • MODEC, partners proceed with FPSO project offshore Brazil
    on 2018-01-10 at 17:54Mitsui & Co. Ltd., Mitsui OSK Lines Ltd., Marubeni Corp., and Mitsui Engineering & Shipbuilding Co. Ltd. agreed to invest in Sepia MV30 BV, which will provide a floating production, storage, and offloading vessel in the Sepia area offshore Brazil, MODEC Inc. said. […]

  • Ineos Shale challenges Scottish frac ban
    on 2018-01-10 at 17:46Scotland’s ban on hydraulic fracturing has come under legal attack. Ineos Shale said it is seeking judicial review of the government’s decision in October to extend indefinitely a moratorium in place since 2015. […]

  • HPCL, Rajasthan state plan groundbreaking for Barmer integrated complex
    on 2018-01-10 at 17:30HPCL Rajasthan Refinery Ltd., a 74-26% joint venture of Hindustan Petroleum Corp. Ltd. and the state government of Rajasthan, will kick off construction activities in mid-January on the JV’s previously announced project to set up a 9 million-tonne/year integrated refinery and petrochemical complex at Pachpadra Tehsil, Barmer District, Rajasthan. […]

World Oil – US Onshore

Various Oil & Gas News

  • Gold, Silver, Copper and Crude Oil Briefing
    on 2018-01-11 at 07:18Brent Crude at 69.15, and WTI Crude Oil at 63.53 are quiet after Wednesday spike. Brent Crude has Key resistance at 70 which is likely to hold and push back prices towards 68-67 medium term. A break above 70 is not seen in here. Weekly resistance on WTI Crude Oil near 65-66 and on Brent Crude … […]

  • Crude oil prices for 2018 projected to rise 11%: STEO
    on 2018-01-11 at 06:56Brent crude oil averaged $54/barrel in 2017, an increase of $10/Bbl from 2016 levels, the Energy Information Administration’s Short-Term Energy Outlook (STEO) reveals. Prices increased “fairly steadily” through the second half of the year, with year-end prices higher than the annual average, according … […]

  • Andurand Fund Is Said to Eke Out 2017 Gain Amid Late Oil Rally
    on 2018-01-11 at 05:15The oil-focused Andurand Capital Management LLP’s gain transpired as the price of global benchmark Brent crude ended the year up 18 percent, while its U.S. counterpart closed out 2017 with a 12 percent gain. Both Brent and West Texas Intermediate rallied just over 5 percent in December. […]

  • Crude Oil Prices Are Up 49%, and It’s Not All Thanks to OPEC
    on 2018-01-11 at 05:03The result: Hedge funds raised bets on rising Brent crude to a record, according to the latest ICE Futures Europe data. At the same time, bullish wagers on West Texas Intermediate, the U.S. benchmark, remain near the highest levels in almost a year, U.S. Commodity Futures Trading Commission data … […]

  • Crude Oil Price Hits Three-Year High of $69
    on 2018-01-11 at 05:03Reuters reported that a broad, global market rally, including stocks, has also been fuelling investment in crude oil futures. U.S. West Texas Intermediate (WTI) crude futures rose to $63.67, the highest since December 9, 2014, before settling at $63.60 a barrel. Brent crude futures also hit $69.37, the … […]

  • US crude oil prices hit more than 3-year high
    on 2018-01-11 at 04:52On the New York Mercantile Exchange, Brent crude, considered the international benchmark, was trading at $68.82 per barrel at the close of markets while U.S. West Texas Intermediate (WTI) crude ended at $62.96 per barrel. The price upturn began in June last year, and now prices are nearing levels … […]

  • Oil dips away from three-year highs on signs of overheated market
    on 2018-01-11 at 01:57U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.50 a barrel at 0529 GMT, 7 cents below their last settlement, but still close to a December-2014 high of $63.67 per barrel reached the previous day. Brent crude futures LCOc1 were at $69.10 a barrel, 10 cents below their last finish, … […]

  • Budget: Crude oil prices above 2018 benchmark by $22/b
    on 2018-01-10 at 23:48…investors gain N517bn. With the crude oil price crossing $69 per barrel yesterday, the federal government has recorded $22 per barrel extra above its 2018 budget benchmark. … U.S. West Texas Intermediate (WTI) crude futures were at $63.34 a barrel, up 38 cents, at 1440 GMT. Earlier prices rose to … […]

  • Crude Advances To Highest Price Since 2014 As World’s Surplus Shrivels
    on 2018-01-10 at 21:33Brent for March settlement climbed 38 cents to end the session at $69.20 on the London-based ICE Futures Europe exchange, the highest level since December 2014. The global benchmark crude was at a premium of $5.78 to March WTI. U.S. crude inventories fell to 419.5 million barrels last week, the … […]

  • WTI inventory fall buoys oil
    on 2018-01-10 at 21:00Crude oil prices have jumped, settling near three-year highs after US government data show a drop in crude inventories and production, even as fuel … The oil market has been buoyant for weeks, with US crude futures at highs not seen since late 2014, and Brent crude less than $US1 per barrel away … […]

Oil & Gas 360

Economic Times

Hellenic Shipping News Worldwide – General Energy News

  • Jan-Dec energy price averages rally late in first year of Trump: Of Presidents and Prices
    by hellenicshippingnews.. on 2018-01-11 at 10:00Seven 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 … […]

  • Uganda: World’s Longest Heated Crude Oil Pipeline Almost Complete
    by hellenicshippingnews.. on 2018-01-10 at 22:00The East African Crude Oil Pipeline is has already been completed and it holds great opportunities businesses can benefit from. Among the partners that played a role to make the construction successful include China National Offshore Oil Corporation Uganda, Tullow Oil Uganda, Total E&P Uganda and American firm Gulf Interstate Engineering. Other development partners are … […]

  • PetroChina’s Dalian refinery nearly doubles Russian pipeline oil supply -source
    by hellenicshippingnews.. on 2018-01-10 at 22:00PetroChina has nearly doubled the amount of Russian crude being processed at its refinery in Dalian, the company’s biggest, since January, as a new supply agreement has come into effect, a senior industry source with direct knowledge of the matter said on Wednesday. The Dalian Petrochemical Corp, located in the northeast port city of Dalian, … […]

  • S.Korea’s KOGAS December domestic gas sales up 20.1 pct y/y
    by hellenicshippingnews.. on 2018-01-10 at 18:00State-run Korea Gas Corp (KOGAS) said on Wednesday that domestic gas sales rose 20.1 percent in December from a year earlier. The world’s second-largest single buyer of liquefied natural gas (LNG) and South Korea’s sole wholesaler sold nearly 4.6 million tonnes of LNG equivalent last month, KOGAS said in a stock exchange filing. Details of … […]

  • U.S. natgas output, demand seen rising to record highs in 2018
    by hellenicshippingnews.. on 2018-01-10 at 18:00U.S. dry natural gas production was forecast to rise to an all-time high of 80.42 billion cubic feet per day (bcfd) in 2018 from 73.57 bcfd in 2017, according to the Energy Information Administration’s Short Term Energy Outlook (STEO). The latest January output projection for 2018 was up from the EIA’s 79.70-bcfd forecast in December … […]

  • 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, … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Oil dips away from three-year highs on signs of overheated market
    by hellenicshippingnews.. on 2018-01-11 at 10:00Oil dipped away from three-year highs on Thursday on signs that a 13-percent rally since early December may have run its course, although a surprise drop in U.S. production and lower crude inventories offered prices some support. U.S. West Texas Intermediate (WTI) crude futures were at $63.46 a barrel at 0753 GMT, 11 cents below … […]

  • More changes ahead for North Sea benchmark
    by hellenicshippingnews.. on 2018-01-11 at 10:00North Sea production is likely to remain relatively stable in 2018 but calls for changes to the benchmark are likely to grow, particularly after a recent outage to Forties production highlighted its failings. When North Sea production dropped below 3mn b/d for the first time in 2012, there were concerns the region’s long-term decline would … […]

  • Trump offshore oil proposal could unlock 65 bln boe – Rystad
    by hellenicshippingnews.. on 2018-01-11 at 10:00The Trump administration’s proposal to open up almost all of U.S. offshore waters to oil and gas drilling could unlock up to 65 billion barrels of oil equivalent (boe), attracting billions of dollars in investment, consultancy Rystad Energy said. Last week, U.S. Interior Secretary Ryan Zinke said a draft program would make over 90 percent … […]

  • OPEC Will Try to Talk Prices Down If Oil Tops $70, Goldman Says
    by hellenicshippingnews.. on 2018-01-10 at 22:00OPEC would try to talk down an oil rally above $70 a barrel to cushion the impact on the global economy and rival supplies, according to Goldman Sachs Group Inc. Oil has climbed to a three-year high above $69 in London amid OPEC production cuts, growing demand and political risks to supply. If prices keep … […]

  • 2018 Brent Crude Oil Volatility: January Outlook
    by hellenicshippingnews.. on 2018-01-10 at 22:00Quantitative analyst Vito Turitto explains why Brent crude oil market volatility is likely to increase in the short-term.The OPEC/non-OPEC technical committee estimated that, at the beginning of November, compliance with crude production cuts was 122%, the highest level recorded, and this undoubtedly contributed to stabilization of the market in December. Nevertheless, there are signs that … […]

  • Citi’s biggest wildcards for oil markets this year — and how likely they are to actually happen
    by hellenicshippingnews.. on 2018-01-10 at 22:00Oil prices hit their highest levels since 2014 on Wednesday, showing that oil production cuts by major producers are working and demand remains robust. But there are plenty of wildcards that oil markets could confront in 2018, according to a Citi global commodities report published late Tuesday. Led by Edward Morse, global head of commodities … […]

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

  • IMO 2020, a shipping regulation that may reshape global coal trade
    by Alex Younevitch on 2018-01-10 at 12:30It is not uncommon for people in various commodity sectors to believe that their markets exist in some kind of a happy bubble, where only the obvious supply and demand forces or targeted regulations can make or ruin their day. This often applies to the world of coal too. Shipping is a perfect example of […] The post IMO 2020, a shipping regulation that may reshape global coal trade […]

  • 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 […]

Energy and Capital

Energy Business Review – Exploration & Development

Energy Business Review – Drilling & Production

Oil & Gas iQ

  • Optimising Shutdown Strategies
    on 2018-01-11 at 13:40As 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 2018-01-11 at 13:40Contract 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 2018-01-11 at 13:40The 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 2018-01-11 at 13:40LNG 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