Commodities: Oil & Gas – Featured Headlines



Various PDVSA News

  • Oil seizure aggravates Venezuela-Curaçao tensions

    on 2018-01-12 at 01:30The seizure, for which details remain sketchy, is related to Venezuelan state-owned PDVSA’s myriad of overdue debts. A Curaçao government official told Argus the incident is a private commercial matter. “This has to do with PDVSA’s commercial arrangements, and reflects the company’s financial … […]

  • ‘Every time you buy less’: Venezuela teeters on the brink

    on 2018-01-12 at 00:46And the cash-strapped country owes plenty more. In 2003, then-president Chavez fired about half the workforce of the state-run oil corporation, Petroleos de Venezuela (PDVSA), for taking part in a strike. PDVSA never recovered, Venezuelan oil expert Faranciso Moanlsi told Public Radio International. […]

  • Venezuela To Pre-Mine Petro For Release In 6-Weeks

    on 2018-01-11 at 21:56… production are unlikely to make the cryptocoin attractive enough for international investors, not to mention the escalating U.S. sanctions designed to constrict capital flows to Caracas. Citgo, Venezuela’s state-owned U.S. subsidiary, cannot currently repatriate its earnings to PDVSA due to the measures … […]

  • Venezuela Debt Restructuring To Be “Long, Complex” says Fitch

    on 2018-01-11 at 19:41At the same time, state-owned oil company Petroleos de Venezuela, S.A. (PDVSA) also failed to make payments on its debts with accumulated missed interest payments totaling over $800 million. However, PDVSA has made some late payments over the last two months, signaling a differentiation of the … […]

  • Global Isooctane Market Size 2018 Exxonmobil, ConocoPhillips, DOW, Shell and BP

    on 2018-01-11 at 19:30The Major Dominant Players Profiled in Global Isooctane Market are Exxonmobil, DOW, Shell, ENI, NIOC, BP, KNPC, Sabic, LUKOIL, Chevron Corporation, PDVSA, Valero, ConocoPhillips and Petrobras. Global Isooctane Market Study with Product Coverage Includes Gasoline Blending and Organic … […]

  • Venezuela’s crude sales to the US fell below 600000 bpd in 2017

    on 2018-01-11 at 19:18Venezuela’s state-run oil company PDVSA is mired in a widespread corruption investigation that has stalled decision making. Financial sanctions on Venezuela imposed last year by U.S. President Donald Trump’s administration have particularly affected PDVSA’s oil flows to and from the United States … […]

  • Venezuela, OPEC, Extraction of petroleum, PDVSA, S&P Global Platts

    on 2018-01-11 at 15:58trends: Venezuela, OPEC, Extraction of petroleum, PDVSA, S&P Global Platts. Published: 11 January 2018. Nasdaq. 3 Million Barrels Per Day Could Go Offline In 2018 » Nasdaq. Staggering debt, crumbling equipment and infrastructure, and mass worker resignations, have set back Venezuela’s oil … […]

  • No more oil from Venezuela for Haiti because of Trump

    on 2018-01-11 at 15:45Previously, 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 to be paid by Haiti over 25 years at a rate of annual interest of 1% after a grace period of two years. […]

  • Paraffin Wax Market 2018 Top 5 Forecast: CNPC, ENI, IGI, PDVSA

    on 2018-01-11 at 12:32The research report titled “Global Paraffin Wax market 2017″ provides an extensive analysis of Paraffin Wax industry and includes vital movements, business benefits, developments and performances of various players of the Paraffin Wax market. The Paraffin Wax research vigorously discerns … […]

  • Paraffin Wax Market Report with Key Vendors, Driver, Challenges & Trends, Vendor Landscape …

    on 2018-01-11 at 08:48We at Reports Monitor have scrutinized an in-depth study of the Paraffin Wax Market and presented it to you in the most detailed of the format. It studies the entire spectrum of the industry to give you a detailed overview and give a complete overview of the market analysis. Paraffin wax is a white or … […]

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • EIA: Natural gas in storage drops 359 bcf for week ended Jan. 5

    on 2018-01-11 at 18:30Natural gas in underground storage across the Lower 48 was 2.767 tcf for the week ended Jan. 5, down 359 bcf from the previous week, the US Energy Information Administration estimated. […]

  • EIA STEO: Oil output forecast to reach highest average in US history in 2018

    on 2018-01-11 at 18:22Total US crude oil production is expected to average 10.3 million b/d in 2018, up 1 million b/d from 2017. If achieved, forecast 2018 production would be the highest annual average recorded in US history, passing the 1970 record of 9.6 million b/d, according to the US Energy Information Administration’s latest Short-Term Energy Outlook. […]

  • US House committee passes bill aimed at streamlining offshore permitting

    on 2018-01-11 at 18:06The US House Natural Resources Committee approved a measure that aims to streamline offshore oil and gas producers’ applications for incidental harassment authorizations not directly related to exploration and production. H.R. 3133 passed by voice vote on Jan. 10 after two amendments proposed by Democrats on the committee were defeated. […]

  • Nigeria’s Edo state due refinery

    on 2018-01-11 at 17:56The government of Nigeria’s Edo state has signed a memorandum of understanding with a consortium of Chinese and African companies to build what could become the state’s first refinery. […]

  • Tullow hires rig to restart TEN drilling

    on 2018-01-11 at 17:23Tullow Oil PLC will restart development drilling in the TEN oil fields offshore Ghana with the Maersk Venturer drillship, for which it has signed a contract for up to 4 years. It also will use the ship for drilling in Jubilee oil field. […]

  • Gazprom Neft drills quadruple multilateral well

    on 2018-01-11 at 16:16Gazprom Neft subsidiary Gazpromneft-Yamal LLC completed Russia’s first multilateral well with four horizontal cased-hole sidetracks at Novoportovskoye oil, gas, and condensate field. […]

World Oil – US Onshore

Various Oil & Gas News

  • As oil hits $70, warning lights flash up in Asia

    on 2018-01-12 at 07:30But some traders are sounding a warning – the world’s biggest crude consuming region, Asia, is showing signs of an impending downward correction. Prices for Brent crude oil futures, the international benchmark for oil prices, have risen by more than 50 percent since mid-2017 and hit $70 per barrel this … […]

  • The Crude Oil Price Continues Upward March Amid Political Turmoil, Demand Growth

    on 2018-01-12 at 06:56Hedge funds are said to have amassed record bullish long positions in oil equivalent to 1 billion barrels across Brent and U.S. East Texas markets undoubtedly supporting prices in the process. If they were to decide to take profits, a sharp correction could ensue; in the current bullish atmosphere, that … […]

  • Energy Preview: Crude Oil Futures Outlook Seen Flat For This Year

    on 2018-01-12 at 03:33The US Energy Information Administration (EIA) forecast mostly flat crude oil prices and increasing production in 2018 and 2019 in a latest update yesterday. The price of Brent crude oil averaged $54/barrel (b) in 2017, an increase of $10/b from 2016. EIAs January Short-Term Energy Outlook forecasts … […]

  • Asia energy stocks gain as Brent hovers near $70 a barrel

    on 2018-01-12 at 03:23Asia energy stocks gain as Brent hovers near $70 a barrel … Brent crude was hovered at $69.27 a barrel after it rose above the $70 a barrel marker on Thursday for the first time since 2014 as production cuts by Opec countries curbed … West Texas Intermediate was down 0.3 per cent at $63.62 a barrel. […]

  • Oil slips away from 2014 highs, though overall 2018 outlook remains firm

    on 2018-01-12 at 01:42Brent crude futures LCOc1 were at $69.11 a barrel, down 15 cents, or 0.2 percent, from their last close. Brent also marked a December-2014 high the previous day, at $70.05 a barrel. Traders said relatively weak China December oil data had weighed on prices. China’s crude oil imports in December … […]

  • Oil dips away from levels last seen in late 2014, but analysts say market supported

    on 2018-01-12 at 01:36U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.62 a barrel at 0524 GMT – 18 cents, or 0.3 percent, below their last settlement. … survey of over 1,000 energy professionals conducted by Reuters in January showed crude oil price expectations clustered in a range of $60-$70 per barrel … […]

  • Global stocks resume ascent on earnings hopes, euro gets lift from ECB

    on 2018-01-12 at 01:07U.S. West Texas Intermediate (WTI) crude futures changed hands at $63.55, down 0.4 percent on the day. Brent crude futures settled 6 cents higher at $69.26 a barrel on Thursday, after hitting $70.05 a barrel during the session, its highest level since November 2014. Brent’s settlement still represents a … […]

  • Brent Oil ETF (BNO) Hits a New 52-Week High

    on 2018-01-12 at 00:33Brent crude prices reached a three-year high of $69.37 a barrel on Wednesday, the highest since May 2015. OPEC production cuts coupled with a fall in U.S. stockpiles made this possible. Coming to the crude inventory data in the United States, inventories fell around 5 million barrels in the week to … […]

  • Brent hits US$70 before retreating, euro soars

    on 2018-01-12 at 00:22NEW YORK (REUTERS) – Brent crude prices hit US$70 a barrel on signs of tightening crude stocks but settled off that level on Thursday (Jan 11), while a jump in energy shares helped lift US stocks. The S&P energy index jumped 2 per cent, leading gains among S&P sectors. Optimism about upcoming … […]

  • Brest crude hits $70bbls, a three year high, where next? – ANZ

    on 2018-01-11 at 23:37“Brent crude futures, a very widely used benchmark, hit USD70/bbl for the first time in three years overnight. This is a result of strong global demand, reflecting the synchronised growth upswing, and supply constraints: production cuts by OPEC, and recently, unusually marked winter declines in US … […]

Oil & Gas 360

Economic Times

Hellenic Shipping News Worldwide – General Energy News

  • European OTC 2017 natural gas trade falls 8.8% on year: LEBA

    by hellenicshippingnews.. on 2018-01-11 at 22:00European natural gas over-the-counter liquidity posted an annual loss for the first time in at least six years in 2017 with both TTF and NBP traded volumes falling on an annual basis, data from the London Energy Brokers’ Association showed. First annual decrease since at least 2011 TTF OTC trade accounts for 53.7% of total … […]

  • China Seen Set to Dominate Clean Energy on Investment Surge

    by hellenicshippingnews.. on 2018-01-11 at 22:00China is set to dominate global construction and financing of clean energy after record investment in overseas ventures and takeovers last year. The world’s biggest energy user spent $44 billion on large, international clean energy projects, and mergers and acquisitions in 2017, up almost 38 percent from a year earlier, Cleveland-based Institute for Energy Economics … […]

  • GAIL to set up coal to gas conversion plants

    by hellenicshippingnews.. on 2018-01-11 at 22:00Natural gas transmission and distribution company, GAIL India, will now be setting up coal to gas conversion plants. Addressing the FICCI conference on Unleashing India’s Domestic Exploration and Production Potential, the Minister for Petroleum and Natural Gas, Dharmendra Pradhan, said: “GAIL India to set up coal to synthetic gas plants in Odisha. This synthetic gas … […]

  • It’s a Record Year for Natural Gas. Yay?

    by hellenicshippingnews.. on 2018-01-11 at 18:00The Energy Information Administration’s latest short-term outlook, published on Tuesday, had an eye-catching prediction: U.S. oil output in 2018 would hit its highest level ever.But this column isn’t about that.Instead, let’s look at another record being broken: U.S. natural gas production. That 68 percent increase since 2005 is pretty remarkable on its own. What isn’t … […]

  • 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 … […]

  • 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, … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Oil prices set for fourth straight week of gains

    by hellenicshippingnews.. on 2018-01-12 at 10:00Oil prices eased from three-year highs on Friday but were still on track to end the week higher for a fourth week in a row. Brent crude futures <LCOc1> traded 15 cents lower at $69.11 a barrel at 1011 GMT. The contract broke above $70 a barrel on Thursday for the first time since December … […]

  • The OPEC and non-OPEC alliance could be formalized, UAE oil minister hints

    by hellenicshippingnews.. on 2018-01-12 at 10:00The United Arab Emirates’ (UAE) oil minister has hinted that an alliance between OPEC and non-OPEC producers, including Russia, could continue in some shape or form beyond their current deal to curb oil output. Speaking to CNBC Thursday, the Energy and Industry Minister Suhail al-Mazrouei said the partnership between global oil producers to try to … […]

  • Oil prices expected to trade around $60-$70 through 2020: Kemp

    by hellenicshippingnews.. on 2018-01-12 at 10:00Oil prices are expected to remain close to current levels, averaging around $60 to $70 per barrel through the end of the decade, according to the annual survey of energy professionals conducted by Reuters. Forecast prices have changed very little since the last survey a year ago, and are only modestly higher than in the … […]

  • Kazakhstan Overtakes Iraq as OPEC Pact’s Biggest Over-Producer

    by hellenicshippingnews.. on 2018-01-12 at 10:00Kazakhstan has overtaken Iraq to become the biggest over-producer in the pact between OPEC and its allies to curb oil output. The Caspian Sea nation’s output has been rising over the past year as the giant Kashagan field ramps up production. That’s in spite of Kazakhstan’s pledge to pump 20,000 barrels a day less under … […]

  • Shrinking net imports drag Singapore fuel oil stocks to 7-month low

    by hellenicshippingnews.. on 2018-01-12 at 10:00Singapore weekly onshore fuel oil inventories fell 13.5 percent to a seven-month low of 19.66 million barrels (or about 2.934 million tonnes) in the week ended Jan. 10, data from International Enterprise (IE) Singapore showed. * This came as net fuel oil imports into Singapore fell 43 percent from the week before to a two-week … […]

  • EIA forecasts mostly flat crude oil prices and increasing global production through 2019

    by hellenicshippingnews.. on 2018-01-11 at 22:00EIA’s January Short-Term Energy Outlook forecasts Brent crude oil to average $60 per barrel (b) in 2018 and $61/b in 2019, slightly higher than the $54/b average in 2017. In both 2018 and 2019, EIA expects total global crude oil production to be slightly greater than global consumption, with U.S. crude oil production increasing more … […]

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

  • China encouraging electric arc furnace capacity expansion?

    by Zhang Jing on 2018-01-12 at 05:45Monday’s release by China’s Ministry of Industry and Information Technology of revised steel capacity replacement measures has sparked market debate about MIIT’s real intentions regarding electric arc furnaces. Some pundits Tuesday were adamant the new rules encourage the replacement of converters with EAFs and would result in net EAF steel capacity expanding. MIIT’s […]

  • 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: […]

Energy and Capital

Energy Business Review – Exploration & Development

Energy Business Review – Drilling & Production

Oil & Gas iQ

  • Optimising Shutdown Strategies

    on 2018-01-12 at 14:14As 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 2018-01-12 at 14:14Contract 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

    by Oil & Gas IQ Surveys on 2018-01-12 at 14:14The 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

    by Oil & Gas IQ Events on 2018-01-12 at 14:14LNG 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