Commodities: Oil & Gas for February 9, 2018


TODAY’S CURATED LIST OF HEADLINES


Various PDVSA News

  • Venezuela state oil company mass desertions: Maduro threatens prison if they don’t show up

    on 2018-02-08 at 21:54PDVSA in free fall: no production and workers deserting, which revealed Platts report. Posted on February 7, 2018by Caraota Digital translated from Spanish Growing debts, the collapse of equipment and infrastructure and the massive resignations of workers have led Petróleos de Venezuela to a … […]

  • Exclusive: Venezuela resorts to swaps to get oil imports for Curacao refinery

    on 2018-02-08 at 18:11PDVSA, which supplies the bulk of Venezuela’s export revenue, is increasingly in need of foreign crude as chronic underinvestment slashes its own output, leaving it short of crude to refine and blend. The increased activity at Curacao comes as more suppliers are accepting oil swaps as a solution to the … […]

  • Venezuela resorts to swaps to get imported oil for Curacao refinery

    on 2018-02-08 at 17:48HOUSTON, Feb 8 (Reuters) – Venezuela’s state oil firm PDVSA has resumed crude imports for its 335,000-barrel-per-day Isla refinery on the Caribbean island of Curacao after a seven-month pause, as it seeks to turn around falling fuel output, according to internal PDVSA documents. The firm, which is … […]

  • Parliament seeks to extend sanctions to mature

    on 2018-02-08 at 17:03Beyond those measures aimed at specific positions, Parliament envisages adopting “more diplomatic and economic measures” and cites state oil company, Petroleos de Venezuela (PDVSA). MEPs urge Prosecutor of International criminal Tribunal to investigate “violations of human rights perpetrated by … […]

  • Lights out for Venezuela’s democracy

    on 2018-02-08 at 15:45Underinvestment and corruption have brought PDVSA, the state oil firm, which provides nearly all of Venezuela’s foreign income, close to collapse. Its production is at its lowest level in nearly 30 years. Rating agencies have declared the company to be in technical default after it repeatedly paid late … […]

  • El Parlamento Europeo pidió ampliar las sanciones contra Maduro

    on 2018-02-08 at 13:07… preocupado por la crisis. Además del presidente y el vicepresidente, los eurodiputados piden sanciones contra el ministro venezolano de Defensa, Vladimir Padrino, y señalan que “podrían estudiarse y adoptarse más medidas diplomáticas y económicas, en particular con respecto a la PDVSA”. […]

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • Improved infrastructure key to US energy dominance, Senate panel told

    on 2018-02-08 at 22:54The US energy transportation system already is one of the world’s best, witnesses told the US Senate Energy and Natural Resources Committee. But it won’t help reach the Trump administration’s goal of achieving global energy dominance without more cooperation between state and federal agencies in issuing permits for projects, they warned during a Feb. 8 hearing. […]

  • ExxonMobil adds 2.7 billion bbl to reserves in 2017

    on 2018-02-08 at 19:44ExxonMobil Corp. has added 2.7 billion boe of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil’s proved reserves totaled 21.2 billion boe at yearend 2017. Liquids represented 57% of the reserves, up from 53% in 2016. ExxonMobil’s reserves life at current production rates is 14 years. […]

  • Egypt’s West Kalabsha concession receives high-density 3D survey

    on 2018-02-08 at 18:51CGG and Ardiseis, subsidiary of Arabian Geophysical & Surveying Co. (Argas), have delivered 2,000 sq km of what the partners refer to as reservoir characterization-ready broadband seismic data on the West-Kalbsha survey on behalf of Apache Corp. in Egypt’s Western Desert. […]

  • ADNOC’s Ruwais refinery due multibillion-dollar crude flexibility project

    on 2018-02-08 at 18:36ADNOC subsidiary ADNOC Refining (formerly Takreer) will undertake a $3.1-billion project to increase crude processing flexibility and improve margins at the 417,000-b/d West plant of its more than 800,000-b/d Ruwais refining complex in the UAE. &nbs […]

  • SCOOP-STACK-Merge play due gas gathering, processing system

    on 2018-02-08 at 18:30Cardinal Midstream has started construction on Cardinal Midstream III’s Iron Horse natural gas gathering and processing system that will span Oklahoma’s Canadian, Grady, Caddo, and McClain counties to serve producers in the SCOOP-STACK-Merge play of the Anadarko basin. &nbs […]

  • Arkoma STACK play due gas gathering, processing plant

    on 2018-02-08 at 18:21Valiant Midstream has started construction on a natural gas gathering system and cryogenic gas processing plant in the heart of the Arkoma STACK play in southeast Oklahoma.&nbs […]

World Oil – US Onshore

Various Oil & Gas News

  • Petrol, diesel prices fall for second day as crude oil hits 7-week low

    on 2018-02-09 at 06:22The Brent crude oil price was recorded $64.81 a barrel, while US WTI crude was down 64 cents, to settle at $61.15 a barrel, Reuters reported. The fuel prices in India have been rising since October last year when the excise duty cut of Rs 2 per litre by the government was announced. Since then, till early … […]

  • Oil falls amid concern about increasing supply

    on 2018-02-09 at 05:56Tokyo — Oil prices fell for a sixth day on Friday after Iran announced plans to boost production and US crude output hit record highs, adding to the concern about a sharp rise in global supplies. The falls come amid a rout in global share markets as inflation fears grip investors. Brent futures were down … […]

  • WTI Crude Oil Price Analysis for Feb 9, 2018

    on 2018-02-09 at 04:07WTI crude oil has broken below a long-term ascending trend line and might make its way to the next area of interest. A former resistance level around $58 per barrel could act as the next floor. The 100 SMA is still above the longer-term 200 SMA to confirm that the path of least resistance is to the upside. […]

  • Crude oil falls for sixth day as supply fears mount

    on 2018-02-09 at 02:03Oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies. The falls come amid a rout in global share markets as inflation fears grip investors. Brent futures were down 38 cents or … […]

  • UPDATE 1-Oil falls for sixth day as supply fears mount

    on 2018-02-09 at 02:03TOKYO, Feb 9 (Reuters) – Oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies. The falls come amid a rout in global share markets as inflation fears grip investors. Brent … […]

  • Oil falls for sixth day as supply fears mount

    on 2018-02-09 at 02:03U.S. West Texas Intermediate (WTI) crude was down 54 cents, or 0.9 percent, at $60.61, having settled down 1 percent in the previous session at its lowest close since Jan. 2. Both contracts have fallen more than 9 percent from this year’s high point in late January. “Bets on further rising oil and metals … […]

  • Oil continues to slip, Brent extends losses below 65.00/barrel

    on 2018-02-09 at 01:30Crude looks primed for traders to fade the rallies, assuming the commodity can extend bearish moves beyond support at 59.10 for WTI and 64.00 for Brent. WTI Crude will need to contend with resistance at 63.25 and 66.30 before it can get the previous bull run back on track, while Brent has heavy … […]

  • Oil dips to near 2-month low on supply concerns

    on 2018-02-09 at 01:30Oil prices were heading to their worst level in nearly two months on Friday amid rising investor concern about market oversupply. Brent crude, the international benchmark, was down 0.7 per cent at $64.38 a barrel, and on track for its lowest close December 19. The key US price West Texas Intermediate, … […]

  • US oil falls for sixth day as supply fears mount

    on 2018-02-09 at 00:45TOKYO (Reuters) – U.S. oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in … U.S. West Texas Intermediate (WTI) crude CLc1 was down 63 cents, or 1 percent, at $60.52 by 0015 GMT. […]

  • US oil falls for sixth day as crude output hits record highs

    on 2018-02-09 at 00:45U.S. oil prices fell for a sixth day on Friday after Iran announced plans to boost production and U.S. crude output hit record highs, adding to concerns about a sharp rise in global supplies. The falls come amid a rout in global share markets as inflation fears grip investors. U.S. West Texas Intermediate … […]

Oil & Gas 360

  • Global Air Quality Control Report 2018-2022 & Competitive Analysis of AQCS Vendors

    by 360 Feed Wire on 2018-02-09 at 09:16Global Air Quality Control Report 2018-2022 & Competitive Analysis of AQCS Vendors Global Air Quality Control Report 2018-2022 & Competitive Analysis of AQCS Vendors Continue reading Global Air Quality Control Report 2018-2022 & Competitive Analysis of AQCS Vendors at Oil & Gas 360. […]

  • InnoEnergy: Why we Have Invested Euro4.5m in Minesto

    by 360 Feed Wire on 2018-02-09 at 06:18InnoEnergy: Why we Have Invested Euro4.5m in Minesto InnoEnergy: Why we Have Invested Euro4.5m in Minesto Continue reading InnoEnergy: Why we Have Invested Euro4.5m in Minesto at Oil & Gas 360. […]

  • Quintana Energy Services Inc. Prices Initial Public Offering

    by 360 Feed Wire on 2018-02-09 at 03:56Quintana Energy Services Inc. Prices Initial Public Offering Quintana Energy Services Inc. Prices Initial Public Offering Continue reading Quintana Energy Services Inc. Prices Initial Public Offering at Oil & Gas 360. […]

  • Forum Energy Technologies Announces Fourth Quarter and Full Year 2017 Results

    by 360 Feed Wire on 2018-02-09 at 00:24Forum Energy Technologies Announces Fourth Quarter and Full Year 2017 Results Forum Energy Technologies Announces Fourth Quarter and Full Year 2017 Results Continue reading Forum Energy Technologies Announces Fourth Quarter and Full Year 2017 Results at Oil & Gas 360. […]

  • Crew Energy Announces 2018 Capital Budget and Strong 2017 Reserves Growth

    by 360 Feed Wire on 2018-02-09 at 00:06Crew Energy Announces 2018 Capital Budget and Strong 2017 Reserves Growth Crew Energy Announces 2018 Capital Budget and Strong 2017 Reserves Growth Continue reading Crew Energy Announces 2018 Capital Budget and Strong 2017 Reserves Growth at Oil & Gas 360. […]

  • Eagle Energy Inc. Announces Sale of its Salt Flat Field in Texas and Reduction of Debt

    by 360 Feed Wire on 2018-02-08 at 23:07Eagle Energy Inc. Announces Sale of its Salt Flat Field in Texas and Reduction of Debt Eagle Energy Inc. Announces Sale of its Salt Flat Field in Texas and Reduction of Debt Continue reading Eagle Energy Inc. Announces Sale of its Salt Flat Field in Texas and Reduction of Debt at Oil & Gas 360. […]

  • CEO Departs SandRidge Energy

    by Oil & Gas 360 on 2018-02-08 at 22:54CFO to depart when 2017 10-K is filed SandRidge Energy, Inc. (ticker: SD) announced the departure of James Bennett, the company’s president and CEO effective today. The company said that Bill Griffin, who currently serves as an independent director, has agreed to serve as interim president and CEO while the company conducts a full review of internal and external candidates. Griffin will […]

  • EnerCom Dallas 2018 Presenter: Granite Oil Corp.

    by Oil & Gas 360 on 2018-02-08 at 22:46Granite Oil Corp. (ticker: GXO) is based in Calgary, Canada. The company owns and operates a 30-mile-long fairway, producing oil from the Alberta Bakken play. Granite uses gas injection enhanced oil recovery and as of December 2017, the company estimates that 200 million barrels of oil are in place. The company has 100% ownership of land and infrastructure.Q3 2017 In Q3 2017, the company […]

  • Valiant Midstream Adds Arteries to the Heart of the Arkoma Stack Play

    by Oil & Gas 360 on 2018-02-08 at 22:42Valiant Midstream LLC has begun construction on a natural gas gathering system and cryogenic gas processing plant in the heart of the Arkoma Stack play in southeast Oklahoma. According to the company, the system is expected to come online in multiple phases, starting in the second quarter of 2018. The initial system infrastructure will span Hughes, Coal and Atoka counties and portions of […]

  • Southwestern Energy Could Soon Unload Fayetteville Shale Business

    by Oil & Gas 360 on 2018-02-08 at 22:32Southwestern cites ‘advancing opportunities in Appalachia’, cost cutting  Southwestern Energy Company (ticker: SWN) sent out a press release announcing its intention to find “strategic alternatives” for its Fayetteville Shale E&P business and the related midstream gathering assets. The company also said in the same announcement that it would make internal organizational […]

  • Range Announces Conference Call to Discuss Fourth Quarter 2017 Financial Results

    by 360 Feed Wire on 2018-02-08 at 22:30Range Announces Conference Call to Discuss Fourth Quarter 2017 Financial Results Range Announces Conference Call to Discuss Fourth Quarter 2017 Financial Results Continue reading Range Announces Conference Call to Discuss Fourth Quarter 2017 Financial Results at Oil & Gas 360. […]

  • Spectra Energy Partners Announces 41st Consecutive Quarterly Cash Distribution Increase

    by 360 Feed Wire on 2018-02-08 at 22:23Spectra Energy Partners Announces 41st Consecutive Quarterly Cash Distribution Increase Spectra Energy Partners Announces 41st Consecutive Quarterly Cash Distribution Increase Continue reading Spectra Energy Partners Announces 41st Consecutive Quarterly Cash Distribution Increase at Oil & Gas 360. […]

Economic Times

Hellenic Shipping News Worldwide – General Energy News

  • JKM LNG swap trade hits record in Jan 2018, 31 cargoes traded in January

    by hellenicshippingnews.. on 2018-02-09 at 10:00JKM LNG swap volumes for January 2018 hit a new record high, ending the month with a total volume of 9,548 lots or 31 cargoes, according to exchange and broker data. This is a 47.7% gain on December 2017 volumes of 6,465 lots, and far ahead of the previous record month of August 2017, which … […]

  • Iran cancels first FLNG deal with Norway

    by hellenicshippingnews.. on 2018-02-08 at 22:00Iran has cancelled its first FLNG deal with Norwegian Hemla following the criticism by some Iranian MPs. In a press conference in Tehran on February 4, Iran’s oil minister Bijan Namdar Zanganeh announced that the deal is cancelled following the some criticism regarding the contract terms. In October 2017, the National Iranian Oil Company (NIOC) … […]

  • GAIL set up for natural gas transportation: Oil minister Dharmendra Pradhan

    by hellenicshippingnews.. on 2018-02-08 at 22:00Oil minister Dharmendra Pradhan on the issue of splitting gas utility GAIL on Wednesday said a decade-old policy provides for a natural gas transporter not having any interest in marketing of the fuel. Pradhan gave the response in Rajya Sabha on a written reply to a question on splitting state-owned gas utility GAIL India Ltd … […]

  • Cyprus says Eni, Total find ‘extensive strain’ of offshore gas

    by hellenicshippingnews.. on 2018-02-08 at 22:00A consortium of Italy’s Eni and France’s Total has discovered an extensive strain of natural gas southwest of Cyprus, Energy Minister Yiorgos Lakkotrypis said on Thursday. “An extensive column of clean natural gas was discovered in various geographical formations,” Lakkotrypis told journalists. Further analysis of data compiled from the Calypso well will be required to … […]

  • UAE’s Crescent Petroleum says it will more than double Iraq gas output in 3 years

    by hellenicshippingnews.. on 2018-02-08 at 22:00United Arab Emirates-based energy firm Crescent Petroleum plans to raise natural gas output at its Pearl Petroleum venture in northern Iraq by 80 million cubic feet per day by October, and by 500 million cfd within three years, the company’s president said on Thursday. Badr Jafar, speaking at a business conference, said Crescent was also … […]

  • Indonesia Mahakam Jan gas liftings only reach 87 pct of target

    by hellenicshippingnews.. on 2018-02-08 at 22:00Natural gas liftings from Indonesia’s offshore Mahakam oil and gas block were only 87 percent of their target for January 2018, a spokesman from Indonesia’s upstream oil and gas regulator SKK Migas told Reuters on Thursday. This was equivalent to 969 million standard cubic feet per day (mmscfd), well below the initial target of 1,110 … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • OPEC-Russia oil output cut deal could last until first half of 2019: Gazprom Neft

    by hellenicshippingnews.. on 2018-02-09 at 10:00Russia’s Gazprom Neft said on Thursday that cooperation with OPEC producers on curbing oil output could last until the first half of 2019. Sergey Vakulenko, head of strategic planning, said that the company was basing its planning on that assumption. Source: Reuters (Reporting by Dmitry Zhdannikov; Writing by Polina Nikolskaya; Editing by Jason Neely) […]

  • Billionaire investor Cooperman says US crude can hit $70, names energy stock picks

    by hellenicshippingnews.. on 2018-02-09 at 10:00Billionaire investor Leon Cooperman predicted U.S. oil’s rise to $60 a barrel, and now he says it could hit $70. “I think the supply-demand outlook is favorable, and we would not be surprised to see oil reaching $70 a barrel,” the chairman and CEO of Omega Advisors told CNBC’s “Fast Money: Halftime Report” on Wednesday. … […]

  • Oil slides towards steep weekly loss as supply fears mount

    by hellenicshippingnews.. on 2018-02-09 at 10:00Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly losses in 10 months, as record-high U.S. crude output added to concerns about a sharp rise in global supplies. The drop came amid a rout in global equity markets sparked by inflation fears. Brent futures were down 30 … […]

  • Libya’s crude output hurt by low investment, rather than disruptions

    by hellenicshippingnews.. on 2018-02-09 at 10:00Libya’s oil production is under threat more from a lack of investment than from sporadic disruptions, according to the CEO of Libya’s National Oil Corporation (NOC) Mustafa Sanalla. Libya’s oil output has been facing many hurdles since the beginning of the civil war in 2011, but the NOC will have to increase investment if it … […]

  • U.S. shale surge sends warning to OPEC: Kemp

    by hellenicshippingnews.. on 2018-02-08 at 22:00U.S. crude oil production is set to increase by more than 1.2 million barrels per day in 2018 compared with 2017, according to the latest short-term forecasts from the U.S. Energy Information Administration. U.S. crude production will average almost 10.6 million barrels per day (bpd) this year compared with 9.3 million bpd in 2017 (“Short-Term … […]

  • ExxonMobil Adds 2.7 Billion Barrels to Reserves; Replaces 183 Percent of 2017 Production

    by hellenicshippingnews.. on 2018-02-08 at 22:00Exxon Mobil Corporation (NYSE:XOM) said today it added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183 percent of production. ExxonMobil’s proved reserves totaled 21.2 billion oil-equivalent barrels at year-end 2017. Liquids represented 57 percent of the reserves, up from 53 percent in 2016. ExxonMobil’s reserves life at current production … […]

The Barrel

  • China’s white goods sector tipped to weaken

    by Staff on 2018-02-09 at 04:10Steel demand from the white goods sector benefited Chinese mills last year, but the effect of a weaker housing market is set to adversely impact demand this year. China’s production of white goods – air conditioners, washing machines, freezers, refrigerators and televisions – totaled 532 million mt in 2017, up 11% year on year, according […] The post China’s white […]

  • The irresistible allure of old mine shafts

    by Ross McCracken on 2018-02-08 at 04:01UK energy start-up Gravitricity announced February 7 it had received a GBP650,000 ($903,400) grant from Innovate UK, the UK government’s innovation agency, for a plan to use old mines shafts to store energy. The idea is relatively simple: A massive weight would be raised up the mine shaft using a winch powered by electricity at […] The post The irresistible allure of old mine shafts […]

  • LOOP Sour becomes lighter, more sour for January: In the LOOP

    by Mary Hogan on 2018-02-06 at 08:00The US crude blend LOOP Sour was lighter and more sour in January, according to a monthly assay posted by the Louisiana Offshore Oil Port. As LOOP Sour crude became lighter, LOOP imported 4 million more barrels of Iraqi Basrah Light and 1.5 million more barrels of Kuwait Export crude than in December. Because not […] The post LOOP Sour becomes lighter, more sour for January: In the LOOP […]

  • The challenge facing US shale companies as oil prices recover: Produce more crude or more cash?

    by Starr Spencer on 2018-02-05 at 06:10As oil prices recover from the lows of 2014, US shale producers face a choice: continue to invest in record production or start returning cash to investors who helped them weather the downturn. It used to be that investors rewarded US upstream operators that could quickly grow production. More crude output growth per quarter separated […] The post The challenge facing US shale companies as […]

  • Gaspirations: In pursuit of an LNG freight derivatives market

    by Eric Yep on 2018-02-01 at 12:00The commoditization of the global LNG market has had implications across several associated industries, ranging from the gas-fired power sector to seaborne gas transportation. Hence, it came as no surprise that the venerable Baltic Exchange, probably the world’s oldest source of shipping information, set out to build an LNG freight index in January that could […] The post […]

  • Beijing locks sights on green dividend

    by Ross McCracken on 2018-02-01 at 11:30It might seem odd to speak of China’s economy as green when the country is far and away the world’s largest producer and consumer of coal, but there is no question that Beijing is combining industrial and environmental policies in a way that is more radical than most, if not all, Western governments. Moreover, given […] The post Beijing locks sights on green dividend appeared […]

Energy and Capital

  • What is the Real Value of Bitcoin?

    by Luke Burgess on 2018-02-08 at 08:00Crypto-mania has peaked. But now that the hype surrounding the cryptocurrency is quieting down, it’s a good time to use what we’ve learned about Bitcoin to reevaluate its true value. […]

  • Recession-Proof Stocks

    by Jeff Siegel on 2018-02-07 at 08:00Energy and Capital editor Jeff Siegel says these are some of the best stocks to own when the market is crashing and gives readers some sound advice to remember when the market gets volatile… […]

  • Stocks to Buy Following a Crash

    by Christian DeHaemer on 2018-02-06 at 08:00It’s been almost impossible to find anything to buy for over a month now. Thank the gods of the Dow for this market sell-off… […]

  • Pad Your Wallet Like Big Pharma

    by Alexandra Perry on 2018-02-05 at 08:00Our medical system is broken. Patients are struggling to keep up with expensive treatment options and looking for an alternative. The CRISPR gene-editing method could be this alternative. […]

  • 2018: A Breakout Year for Gold Prices

    by Luke Burgess on 2018-02-02 at 08:00It’s time to get very excited about gold again. 2018 is going to be a breakout year for the yellow metal. Energy and Capital editor Luke Burgess shows you how to get started investing today. […]

  • Chinese Stocks are on Fire

    by Christian DeHaemer on 2018-02-01 at 08:00Emerging markets are becoming more valuable… particularly China. Energy and Capital editor Christian DeHaemer tells you why you must buy this company now. […]

Energy Business Review – Exploration & Development

Energy Business Review – Drilling & Production

Oil & Gas iQ

  • This is how you control contract growth [WEBINAR]

    on 1970-01-01 at 00:00In this free-to-attend webinar, 30-year project contracts professional, Ian Foster, analyses findings from the recent contract growth industry survey. In his discussion, Ian will address each issue and offer real-world methods that can be applied today to avoid these problems on current and futur […]

  • Why is oil and gas so slow to upgrade?

    by Oil & Gas IQ News on 2018-02-09 at 15:10Hexagon PPM has been undertaking deep research into the progress of the oil and gas industry in its journey to transform into a digitised industry – one that embraces new technologies that include cloud computing, augmented reality, 3D printing and artificial intelligence.The results of the current […]

  • Infographic: Digital transformation for oil and gas

    by Oil & Gas IQ Surveys on 2018-02-09 at 15:10Survey reveals what’s important to the industryIn this infographic, OpenText and Oil & Gas IQ take a look at how the industry is progressing on the digital transformation journey. Following a survey of almost 400 oil and gas professionals, we discover what matters most to those seeking new […]

  • Oil & Fuel Theft – Global Report

    by Oil & Gas IQ News on 2018-02-09 at 15:10Global oil and fuel theft is an underreported and relatively unexplored issue, but it is one that is causing untold threat to local and regional prosperity and stability. The problem is both broad and systematic, impacting operations in upstream, midstream and downstream. In some nations the issu […]

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines