Category Archives: Commodities

Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES


16-10-2017


Various PDVSA News

PennEnergy Oil Exploration & Production News

  • Oil and Gas: ExxonMobil expanding New Jersey research and engineering center
    on 2017-10-13 at 23:00ExxonMobil announced today that it has broken ground on the expansion of its research facility in Clinton, N.J., a key center of innovation that supports the company’s broad research and development programs. […]

  • Lebanon bid round draws two bids, one consortium
    on 2017-10-13 at 19:24Despite Lebanon’s intent to award four of five blocks in its inaugural offshore bid round, Energy and Water Minister Cesar Abi Khalil said the round had received two bids to operate the offshore gas blocks, according to the Lebanese local press, The Daily Star. […]

  • US rig count drops again, but drilling growth still seen
    on 2017-10-13 at 18:08The US rig count during the week ended Oct. 13 declined for the eighth time in 11 weeks. But forecasters continued to see growth in both drilling and production in the coming months and years supported in part by steadier crude oil prices. […]

  • Dubai Petroleum contracts two Shelf Drilling jackups
    on 2017-10-13 at 17:58Dubai Petroleum has awarded Shelf Drilling two-year contracts for the jackups Shelf Drilling Tenacious and Shelf Drilling Mentor. […]

  • MARKET WATCH: NYMEX crude oil falls on Henry Hub supply gain
    on 2017-10-13 at 15:06The crude oil contract for November delivery fell 70¢ on the New York market Oct. 12 to settle at $50.60/bbl after the US Energy Information Administration reported oil levels stored at Cushing, Okla., increased by 1.3 million bbl although overall US oil inventories fell. […]

  • Oil and Gas: Tullow awarded four licences in Côte d’Ivoire
    on 2017-10-12 at 23:00Tullow Oil plc (Tullow) is pleased to announce that it has acquired 90% stakes in four onshore blocks in Côte d’Ivoire. Petroci, the national oil company of Côte d’Ivoire, holds the remaining 10%. The four blocks – CI 518, CI519, CI301 and CI302 – cover 5,035 square kilometres and located on the coastline of Côte d’Ivoire mostly to […]

  • Less than one-fifth of GoM oil production remains shut-in, says BSEE
    on 2017-10-12 at 20:30Offshore oil and gas operators in the Gulf of Mexico are continuing to re-board platforms and rigs following Tropical Storm Nate, according to the Bureau of Safety and Environmental Enforcement. […]

  • Test equipment: High-Powered Tone Generator & Tone Probe
    on 2017-10-12 at 19:15Test products: Platinum Tools’s ToneMaster and ToneSeeker High-Powered Tone Generator & Tone Probe make easy work of tracing and locating cables and cable ends. &nbs […]

  • Total enters Mexico’s petroleum product retail market
    on 2017-10-12 at 17:20Total SA has entered into an agreement with Gasored, a group of service station owners, to rebrand a network of 250 retail outlets in and around Mexico City under the Total brand. […]

  • Tullow acquires four licenses in Ivory Coast
    on 2017-10-12 at 17:16Tullow Oil PLC has acquired 90% stakes in four onshore blocks in Ivory Coast. State oil company Petroci holds the remaining 10%. The four blocks—CI518, CI519, CI301, and CI302—cover 5,035 sq km on the coast of Ivory Coast, mostly west of Abidjan. […]

Oil & Gas Journal

  • World won’t meet temperature goal just by cutting CO2
    on 2017-10-13 at 21:22Institutions shunning oil and gas ignore problems of feasibility in the management of global average temperature. […]

  • Lebanon bid round draws two bids, one consortium
    on 2017-10-13 at 19:24Despite Lebanon’s intent to award four of five blocks in its inaugural offshore bid round, Energy and Water Minister Cesar Abi Khalil said the round had received two bids to operate the offshore gas blocks, according to the Lebanese local press, The Daily Star. […]

  • Glencore to enter South African refining business
    on 2017-10-13 at 19:06Glencore PLC, Baar, Switzerland, has entered a deal to acquire Chevron Corp.’s majority ownership in Chevron South Africa (Pty.) Ltd., which operates a 110,000-b/d refinery at Milnerton, in Cape Town, South Africa, as well the entirety of Chevon’s interest in downstream assets in Botswana. […]

  • US rig count drops again, but drilling growth still seen
    on 2017-10-13 at 18:08The US rig count during the week ended Oct. 13 declined for the eighth time in 11 weeks. But forecasters continued to see growth in both drilling and production in the coming months and years supported in part by steadier crude oil prices. […]

  • UK outlines spending on electric vehicles
    on 2017-10-13 at 17:56The UK government will spend £1 billion to support adoption of ultralow-emission vehicles (ULEVs) in its campaign to end the sale of new vehicles powered by gasoline and diesel by 2040. […]

  • Turkey’s Tupras reports explosion at Izmir refinery
    on 2017-10-13 at 16:27Turkish Petroleum Refineries Corp. (Tupras) is investigating an explosion that occurred on Oct. 11 at its 11 million-tonne/year Aliaga refinery in Turkey’s western province of Izmir. […]

World Oil – US Onshore

Various Oil & Gas News

Oilprice.com

  • Chinese EV Boom Could Crash Oil Prices
    by Nick Cunningham on 2017-10-13 at 22:46The rapid adoption of electric vehicles could cause oil prices to fall to $10 per barrel in less than a decade, according to the CEO of Longview Economics. EVs are gaining traction, and although they still only make up a small fraction of the auto market, more and more analysts are starting to buy into the notion that EVs will quickly gain a foothold over the next decade or so, with massive […]

  • What’s Stopping An Oil Price Rally?
    by Irina Slav on 2017-10-13 at 22:46Oil supply disruptions, high OPEC oil cut deal compliance rates, an extra-violent hurricane season, and the threat of new U.S. sanctions against Iran have fed optimism in oil markets over the past couple of months. Yet there’s bad news for bulls: a growing number of experts and industry insiders warn that the lower-for-longer scenario is nowhere near its end. Earlier this week, Deloitte […]

  • China Takes Aim At The Petrodollar
    by Tsvetana Paraskova on 2017-10-13 at 22:46China continues to pursue its ambitious plan to make its currency—the yuan—more international. The world’s top crude oil importer and key oil demand growth driver is now determined to get as many oil exporters as possible on board with accepting yuan payments for their oil.   China is now trying to persuade OPEC’s kingpin and biggest exporter, Saudi Arabia, to start […]

  • Is OPEC Considering Deeper Output Cuts?
    by Ag Metal Miner on 2017-10-13 at 22:46The oil price, as measured by the most traded Brent Crude number, has been relatively stable since the agreement to limit output was implemented last year and excess inventory has been falling, aided by continued robust demand. Bloomberg reports the comments of OPEC Secretary General Mohammad Barkindo: “There is a growing consensus that … a rebalancing process is under way. We are […]

  • Who Are The Biggest Buyers Of U.S. Oil?
    by Robert Rapier on 2017-10-13 at 22:45This year the U.S. has averaged more than 900,000 barrels per day (BPD) of crude oil exports while continuing to import an average of 8.1 million BPD. In the previous article, I discussed the reasons the U.S. exports oil, despite the fact that we are still a significant net importer of crude oil. In a nutshell, the quality of the oil that is being exported is often a better […]

  • Trump Just Made Iran A Wildcard
    by Cyril Widdershoven on 2017-10-13 at 22:45American President Donald Trump has officially decertified the Joint Comprehensive Plan of Action (JCPOA) Iran deal, while hitting Iranian power players—especially the Islamic Revolutionary Guard Corps (IRGC)—with a new list of sanctions. Trump’s long-awaited statement on his confrontation with Iran could cause a watershed in the regional power structure of the Middle East. […]

  • With A World Awash In Oil, Kazakhstan Faces Fuel Crisis
    by OilPrice.com on 2017-10-13 at 22:24Kazakhstan, a nation rich in hydrocarbons, is grappling with a gasoline shortage that has enveloped the entire country, including the capital, Astana, and the southern metropolis of Almaty. Portents of a shortage appeared in late September, when Kazakhstani media outlets began reporting that service stations in the north and east of the country were experiencing trouble supplying customers with […]

  • Why U.S. Crude Exports Are Booming
    by Robert Rapier on 2017-10-13 at 22:22In the years leading up to the shale oil boom, crude oil exports from the U.S. were nearly nonexistent. There were two reasons for that. First, following the 1973 OPEC oil embargo, a crude oil export ban had been enacted as part of an energy bill that aimed to mitigate future oil crises. The crude oil export ban restricted crude oil exports from the U.S. to all countries besides Canada. But even […]

  • Canada’s Pipeline Industry Takes Another Hit
    by Nick Cunningham on 2017-10-13 at 22:17Another oil pipeline in Canada bites the dust. TransCanada announced last week that it would scrap its plans to build a 2,800-mile major pipeline that would traverse nearly the entire country, closing off a crucial potential export route for Canada’s oil sands. The $15 billion Energy East pipeline would have carried 1.1 million barrels of oil per day from Alberta to Canada’s eastern […]

  • Kobe Steel Scandal Could Rattle Nuclear Industry
    by OilPrice.com on 2017-10-13 at 22:14Japan’s Kobe Steel has joined a rather unfortunate “club”. That club’s membership includes those Japanese companies recently racked by scandal and mismanagement. Kobe’s management admitted that its employees faked quality inspection reports on its steel and other metal products used domestically in automobiles, bullet trains and nuclear power stations. So far, corporate announcements have […]

  • Are Oil Stocks Close To A Breakout?
    by Dan Dicker on 2017-10-13 at 22:10If you’ve got a core energy stock portfolio like me, you’re mostly deployed right now, waiting for the continued re-balancing of the oil market that even the IEA now says will complete in 2018. But, I never tire of trying to find further investments that come up opportunistically. This last week, I thought I perhaps saw one in Apache energy (APA). Now, a few thoughts – first on […]

  • Natural Gas: Fading the Weather
    by Martin Tillier on 2017-10-13 at 22:10Traders have a tendency to become obsessed with news and data. When you sit in a room all day trying to predict the next movement in something that is inherently unpredictable it is only natural to look for solid things that could give you clues. Thus, for stock traders, any economic data, no matter how obscure, is pored over and analyzed. Currency traders do the same with anything said by […]

Oil & Gas 360

Economic Times

HydroCarbon Processing Crude-Oil

  • S.Korea’s SK Energy to import 6.5 MMbbl of US crude for Nov–Jan arrival
    on 1970-01-01 at 00:00SEOUL (Reuters) — South Korea’s SK Energy has bought 6.5 MMbbl of US crude to be delivered between November and January, a company spokeswoman said on Monday, as the country’s top oil refiner steps up imports of the competitively priced oil. […]

  • Asia oil buyers turn to US in hunt for cheap supply
    on 1970-01-01 at 00:00SINGAPORE/NEW YORK (Reuters) — Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year, with buyers searching out cheap supplies after hurricanes hit US demand for the commodity at a time of rising production in the country. […]

  • Oil rallies on Chinese import boost and Mideast tensions
    on 1970-01-01 at 00:00LONDON (Reuters) — Oil prices firmed on Friday as bullish news from strong Chinese oil imports to turmoil in the Middle East put Brent on track for a more than 3% weekly gain. […]

  • China Sept crude oil, gas imports jump ahead of winter fuel demand
    on 1970-01-01 at 00:00BEIJING (Reuters) — China’s September crude oil imports climbed to the second highest level on record, while natural gas imports rose nearly 5%, official customs data showed on Friday, as the world’s top energy consumer shored up fuel supplies for winter. […]

  • Mercuria: Record US oil exports set to surge further
    on 1970-01-01 at 00:00LONDON (Reuters) — Already record US oil exports are set to surge further in the coming month as stored oil in one of the world’s last areas of excess stockpiles pours into global markets, the chief executive of trading house Mercuria, Marco Dunand, said. […]

  • US oil pipeline rivals look to consolidate West Texas projects
    on 1970-01-01 at 00:00HOUSTON (Reuters) — As shale oil producers have rushed back into the Permian Basin after a downturn, US pipeline firms have scrambled to plot new pipelines to take all that petroleum from West Texas to refineries, export hubs and petrochemical plants. […]

Hellenic Shipping News Worldwide – General Energy News

  • GLOBAL LNG-Bullish streak ends as buyers drop bids on more supply
    by hellenicshippingnews.. on 2017-10-15 at 21:00Asian spot prices for liquefied natural gas (LNG) fell after six straight weeks of gains as more supply emerged and buyers aggressively revised down bids for December shipments. Spot Asian LNG LNG-AS prices for December delivery fell to $8.90 per million British thermal units (mmBtu), with the bid-offer spread widening as sellers maintained high asking … […]

  • October South Texas gas flows highest since August
    by hellenicshippingnews.. on 2017-10-15 at 21:00Platts Analytics’ Bentek Energy sample flow data from South Texas to Mexico showed the to-date October average hovering around 1.31 Bcf/d, the highest first half month since August, which averaged 1.37 Bcf/d during the tail end of the Mexican summer. The flow increase is driven by higher deliveries from various Tennessee Gas Pipeline meters, as … […]

  • Speculators cut U.S. natgas net longs to lowest since November -CFTC
    by hellenicshippingnews.. on 2017-10-15 at 21:00U.S. natural gas speculators cut their net long positions to their lowest since November as storage continued to hold at near-normal levels for this time of year and with production expected to reach record levels in coming months. Speculators in four major New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE) markets reduced their bullish … […]

  • Qatar faces fresh challenges to LNG dominance
    by hellenicshippingnews.. on 2017-10-15 at 21:00One of the big talking points in energy markets is how Qatar will handle the glut of liquefied natural gas (LNG) as the era of favorable long-term supply contracts comes to a juddering halt. When Qatar came to prominence as the world’s largest LNG exporter in the early 2000s via a series of mega investments … […]

  • Constitution natgas pipe could enter service by first half 2019
    by hellenicshippingnews.. on 2017-10-15 at 21:00Constitution Pipeline said that its natural gas pipe from Pennsylvania to New York could enter service as early as the first half of 2019 if it gets the necessary regulatory approvals. On Wednesday, Constitution asked the U.S. Federal Energy Regulatory Commission (FERC) to overturn New York’s denial of a required water permit that would allow … […]

  • U.S. oil pipeline rivals look to consolidate West Texas projects
    by hellenicshippingnews.. on 2017-10-15 at 21:00As shale oil producers have rushed back into the Permian Basin after a downturn, U.S. pipeline firms have scrambled to plot new pipelines to take all that petroleum from West Texas to refineries, export hubs and petrochemical plants. But operators with plans for up to 20 new lines are now selling stakes in some of … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Oil rises as fighting escalates in Iraq’s oil-rich Kirkuk
    by hellenicshippingnews.. on 2017-10-16 at 09:00Oil markets jumped on Monday as Iraqi forced entered the oil city of Kirkuk, taking territory from Kurdish fighters and raising concerns over exports from OPEC’s second-largest producer. Iraq launched the operation in the multi-ethnic region on Sunday as the crisis between Baghdad and the Kurdish Regional Government (KRG) escalated. Tensions have been building since … […]

  • Higher Oil Prices May Not Be So Temporary
    by hellenicshippingnews.. on 2017-10-16 at 09:00Oil prices have been subject to big swings this year. Since June, though, fundamental demand factors have been supportive, and with global economic growth firming, the outlook for oil is bright. The significant — and surprising — midyear crude oil price selloff was triggered at the beginning of June by China’s Caixin PMI for May, … […]

  • Top global trading houses see range-bound, stable oil price
    by hellenicshippingnews.. on 2017-10-16 at 09:00A rebalancing of the global oil market is under way helped by supply curbs led by OPEC, although the chance of big further gains in prices looks unlikely in the next year or so as tighter supply may not last, top trading firms told Reuters. The Organization of the Petroleum Exporting Countries and other countries … […]

  • Opec likely to extend cuts due to higher output from non-Opec: QNB report
    by hellenicshippingnews.. on 2017-10-16 at 09:00Oil prices have hovered around their highest levels of the year over the past few weeks, reaching a two-year high of $59 per barrel in late September. The bullish sentiment in the market reflects four major developments: higher global demand, the rising likelihood that OPEC will extend its production cuts until the end of 2018, … […]

  • Russia is prepared for $40 oil, finance minister says
    by hellenicshippingnews.. on 2017-10-16 at 09:00Russia has accounted for oil at $40 a barrel in its budget, the country’s finance minister Anton Siluanov told CNBC in a TV interview. Brent crude was trading above $57 on Friday, but the Russian minister said that the budget has taken into account price fluctuations. “In order to minimize price fluctuations on foreign markets … […]

  • It is fairly smooth sailing for oil markets now
    by hellenicshippingnews.. on 2017-10-16 at 09:00The oil market continues to get support from both expected and unexpected quarters. Yet the price level is stubbornly in a range previously forecast for some time now. Since the beginning of October, prices of Brent, WTI and the Opec Basket have been hovering around $56 (Dh206), $50 and $54 a barrel respectively. Prices of … […]

Oil & Gas Financial Journal

The Barrel

  • Back from the brink: Europe’s oil economy
    by Nick Coleman on 2017-10-16 at 07:36Europe has long been assumed to play a declining role in the world of oil, a reflection of political and economic stagnation, dwindling North Sea production and efforts to banish fossil fuels. But a run of strong oil consumption statistics together with stable North Sea production suggest a more buoyant picture for the region’s hydrocarbon […] The post Back from the brink: […]

  • NEAT index shines spotlight on volatile seaborne thermal coal market for Japan, S Korea, Taiwan
    by Michael Cooper on 2017-10-13 at 10:23Nearly 10 months on from its launch in January 2017 the North East Asia Thermal coal index, or NEAT daily price index for short, continues to go from strength to strength, bringing increasing transparency to spot prices in the Japan, South Korea and Taiwan markets. Spot pricing is becoming increasingly important in the Japanese thermal […] The post NEAT index shines spotlight on volatile […]

  • FLNG forges ahead in Africa
    by Neil Ford on 2017-10-12 at 05:01Global LNG supply is set to race ahead of demand, but floating LNG projects are forging ahead, and they are doing so in Africa, backed in part by China. The continent’s first FLNG vessel has been completed and is due to reach Cameroonian waters in November. The Hilli Episeyo has been built by Singapore’s Keppel […] The post FLNG forges ahead in Africa appeared first on The […]

  • Crude storage costs fall as WTI curve flattens: In the LOOP
    by Mary Hogan on 2017-10-10 at 05:01The price of front-month sour crude oil storage at the Louisiana Offshore Oil Port fell 5 cents/b month on month even as imports to the US Gulf Coast increased over the same period to pre-Harvey levels. Matrix Markets hosts, on behalf of LOOP, a monthly auction in which the oil terminal sells the right but […] The post Crude storage costs fall as WTI curve flattens: In the LOOP appeared […]

  • Despite draft Nuclear Safeguards Bill, UK struggles with impending ‘Brexatom’
    by Oliver Adelman on 2017-10-10 at 00:01Despite a draft Nuclear Safeguards Bill that will go some way towards addressing the new licensing requirements for nuclear fuel, equipment and radioactive material after Brexatom – as the UK’s departure from the European Atomic Energy Community has come to be known – the UK is nonetheless struggling to find a successor arrangement to the […] The post Despite draft […]

  • Russia’s Rosneft goes big into natural gas
    by Rosemary Griffin on 2017-10-09 at 05:39Rosneft has recently inked a number of deals which could facilitate the company’s ambitions to develop international gas trading and export operations, the latest stage in a long-running attempt to become a major gas player and access the lucrative export market. Rosneft initially announced plans for a significant ramp up of gas output in 2013, […] The post Russia’s Rosneft […]

Energy and Capital

Energy Business Review – Oil & Gas

Oil & Gas iQ

  • Six steps to reduce capex through value engineering
    by Tim Haïdar on 2017-10-16 at 14:24Value engineering can be defined as a systematic and organised approach to provide the necessary functions in a project at the lowest cost. Based on a methodology developed by Lawrence Miles of General Electric during the material shortages of World War II, value engineering is used to solv […]

  • Five ways IT is changing the future of oil and gas
    by Anand Laxshmivarahan on 2017-10-16 at 14:24Being part of the IT industry that’s enabling digital transformation makes one thing abundantly clear ­– industries and business models are going to be disrupted unimaginably.However, being so close to this industry also means that one might be blinded to how the IT industry itself will b […]

  • The oil and gas sector needs to diversify if it wants to prosper
    by Jerad Ford on 2017-10-16 at 14:24One does not have to look far to see signs that the oil and gas industry has a bumpy road ahead. Demand might stay high for decades, but given the dizzying pace of technological change, who would bet on that?Take the recent pledges by India, France, Britain, and China to phase out petrol and dies […]

  • A four-step plan for data excellence
    by John Woodhouse on 2017-10-16 at 14:24Using the SALVO process, we can identify four methods that asset-heavy organisations should employ in order to reach a goal of optimal data identification and usage.Step 1 “Identify problems and improvement opportunities” spells out the business impact criteria for which assets need what attention […]

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines


Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES


13-10-2017


Various PDVSA News

PennEnergy Oil Exploration & Production News

  • Oil and Gas: Tullow awarded four licences in Côte d’Ivoire

    on 2017-10-12 at 23:00Tullow Oil plc (Tullow) is pleased to announce that it has acquired 90% stakes in four onshore blocks in Côte d’Ivoire. Petroci, the national oil company of Côte d’Ivoire, holds the remaining 10%. The four blocks – CI 518, CI519, CI301 and CI302 – cover 5,035 square kilometres and located on the coastline of Côte d’Ivoire mostly to […]

  • Less than one-fifth of GoM oil production remains shut-in, says BSEE

    on 2017-10-12 at 20:30Offshore oil and gas operators in the Gulf of Mexico are continuing to re-board platforms and rigs following Tropical Storm Nate, according to the Bureau of Safety and Environmental Enforcement. […]

  • Test equipment: High-Powered Tone Generator & Tone Probe

    on 2017-10-12 at 19:15Test products: Platinum Tools’s ToneMaster and ToneSeeker High-Powered Tone Generator & Tone Probe make easy work of tracing and locating cables and cable ends. &nbs […]

  • Total enters Mexico’s petroleum product retail market

    on 2017-10-12 at 17:20Total SA has entered into an agreement with Gasored, a group of service station owners, to rebrand a network of 250 retail outlets in and around Mexico City under the Total brand. […]

  • Tullow acquires four licenses in Ivory Coast

    on 2017-10-12 at 17:16Tullow Oil PLC has acquired 90% stakes in four onshore blocks in Ivory Coast. State oil company Petroci holds the remaining 10%. The four blocks—CI518, CI519, CI301, and CI302—cover 5,035 sq km on the coast of Ivory Coast, mostly west of Abidjan. […]

  • IOG releases verdict on North Sea gas reserves

    on 2017-10-12 at 16:09Independent Oil and Gas has received the results of ERC Equipoise’s analysis of gas resources in the Vulcan Satellites, Blythe, and Elgood fields. […]

  • Tap Oil starts drilling in Manora oil field offshore Thailand

    on 2017-10-12 at 15:51Tap Oil Ltd., Perth, reported that a two-well infill drilling program has begun in Manora oil field in the northern Gulf of Thailand concession G1/48. Tap Oil has a 30% interest in the field. […]

  • Drydocks World to perform Lancaster FPSO overhaul

    on 2017-10-12 at 15:21Bluewater Energy Services and operator Hurricane Energy have awarded Drydocks World two contracts for the Lancaster early production system project west of Shetland. […]

  • Oil and Gas: PJ Valves hires Group Operations Director to drive global operations

    on 2017-10-11 at 23:00PJ Valves (PJV), the specialist manufacturer and supplier of valves for the global energy industry, has appointed Tien Do as Group Operations Director to its UK office. Tien will bring the highest standard of customer service whilst leading project delivery and overseeing operations at PJV’s global manufacturing facilities. […]

  • Oil and Gas: Suit seeks to stop oil-gas drilling on 9 public land parcels

    on 2017-10-11 at 23:00A Colorado county and three environmental groups have sued the federal government, saying the sale of nine oil and gas leases on public land in southwestern Colorado could harm the threatened Gunnison sage grouse. […]

Oil & Gas Journal

  • US House Democrats strongly criticize proposed OCS policy changes

    on 2017-10-12 at 19:10Proposed US House legislation to extend federal offshore oil and gas revenue sharing to four Mid-Atlantic coastal states and Alaska drew strong fire from a House Natural Resources subcommittee’s Democrats because it also would let the US Interior secretary schedule Outer Continental Shelf lease sales that are not part of an existing 5-year management program. […]

  • IEA forecasts ‘roughly’ balanced oil market in 2018 with possible price ceiling

    on 2017-10-12 at 17:30Falling global crude oil stockpiles in 2017 will help put the market “roughly” into balance in 2018, but an increase in prices could be limited, especially if the Organization of Petroleum Exporting Countries doesn’t stick to its agreement to curb output, the International Energy Agency said. […]

  • Total enters Mexico’s petroleum product retail market

    on 2017-10-12 at 17:20Total SA has entered into an agreement with Gasored, a group of service station owners, to rebrand a network of 250 retail outlets in and around Mexico City under the Total brand. […]

  • Tullow acquires four licenses in Ivory Coast

    on 2017-10-12 at 17:16Tullow Oil PLC has acquired 90% stakes in four onshore blocks in Ivory Coast. State oil company Petroci holds the remaining 10%. The four blocks—CI518, CI519, CI301, and CI302—cover 5,035 sq km on the coast of Ivory Coast, mostly west of Abidjan. […]

  • Tap Oil starts drilling in Manora oil field offshore Thailand

    on 2017-10-12 at 15:51Tap Oil Ltd., Perth, reported that a two-well infill drilling program has begun in Manora oil field in the northern Gulf of Thailand concession G1/48. Tap Oil has a 30% interest in the field. […]

  • EIA: US oil inventories drop 2.8 million bbl

    on 2017-10-12 at 15:47The post-storm-recovery trend of falling crude oil inventories and rising gasoline inventories continued during the week ended Oct. 6, according to US Energy Information Administration data. […]

World Oil – US Onshore

Various Oil & Gas News

Oilprice.com

  • Europe Braces For End Of Iran Nuclear Deal

    by Damir Kaletovic on 2017-10-12 at 22:14Europe is scrambling to come up with a contingency plan in the face of a U.S. threat to end the nuclear deal with Iran—a move that lends a high level of uncertainty to European megadeals, including French Total SA’s $5-billion oil deal with Tehran. At stake if Trump refuses to certify Tehran’s compliance with the nuclear accord on 15 October and sanctions are re-imposed are […]

  • Renewable Energy Startup Powering Native American Protest Camp

    by Zainab Calcuttawala on 2017-10-12 at 22:08BoxPower, a Princeton-based renewable energy startup, is powering the campsite of a Native American tribe protesting the construction of the Pilgrim oil pipeline. Princeton entrepreneurs Angelo Campus and Aaron Schwartz are powering the off-grid protesters via solar panels, according to a new Forbes report. The company provided one of their one-off off-grid units to the protesters, which has the […]

  • Husky Energy Set To Restart Pipeline

    by Julianne Geiger on 2017-10-12 at 22:01Husky Energy (TSE: HSE) received a greenlight to restart its pipeline after successfully undergoing testing, inspection, and evaluation of a previously ruptured pipeline, according to local media. Last July, Husky’s pipeline leaked about 225,000 liters of heavy oil mixed with a diluent, about 40 percent of which made its way into the North Saskatchewan River. That was 15 months ago, and the […]

  • IEA: Oil Prices To Hit A Ceiling In 2018

    by Nick Cunningham on 2017-10-12 at 21:56The global oil market continues to make progress, but the ongoing production gains from non-OPEC countries will probably act as a “the ceiling for aspirations of higher oil prices” in 2018, according to a new report from the International Energy Agency. In its monthly Oil Market Report published Thursday, the IEA cataloged the long list of indicators that suggests the oil market has […]

  • Russia, Morocco Sign String Of Energy And Military Deals

    by RFE/RL staff on 2017-10-12 at 21:48Russian Prime Minister Dmitry Medvedev discussed supplying liquefied Russian natural gas to Morocco on a visit to Rabat on October 11 during which he signed a string of energy, military, and other deals. Medvedev met with Moroccan Prime Minister Saadeddine El Othmani and presided at a signing ceremony for 11 bilateral agreements covering cooperation in such areas as customs, agriculture, the […]

  • The New Challenger To Lithium Batteries

    by Irina Slav on 2017-10-12 at 21:30With the EV market about to explode and the European Union planning a battery-making consortium to bring the continent onto the global EV battery scene, Stanford researchers released a paper claiming their sodium battery could compete with the lithium-ion market leader. New battery development has been fairly slow against the backdrop of the projected electric car market size, and so far no […]

  • Goldman Sachs: Inventory Drawdowns Will Not Continue

    by Nick Cunningham on 2017-10-12 at 21:24The September oil price rally was predicated on improving oil market fundamentals, bolstering confidence that the rebalancing process was accelerating. But the inventory declines reported in the third quarter might be “as good as it gets,” with inventories returning to small increases next year, according to a new report from Goldman Sachs. The third quarter appeared to finally be the […]

  • The Next Big Digital Disruption In Energy

    by Tsvetana Paraskova on 2017-10-12 at 20:45Until recently, the energy industry was mostly associated with roughnecks, gushing greasy dirty oil, and centralized electricity distribution systems. But the digital revolution and technological advances have made even the notoriously slow-to-change energy sector start using smart rigs, data analytics and artificial intelligence.  Now the latest technology that is already changing the […]

  • Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs

    by Tsvetana Paraskova on 2017-10-12 at 20:34The government of the global leader in EVs adoption, Norway, proposed on Thursday to trim some of the tax breaks for the heaviest electric vehicles (EVs) in a move that—if implemented—would affect owners of cars such as Tesla Model X, for example. In its 2018 budget proposal unveiled today, Norway’s right-wing minority government has included a proposal to change an exemption […]

  • Richard Branson To Invest In Elon Musk’s Hyperloop One

    by OilPrice.com on 2017-10-12 at 19:49Richard Branson is jumping on the Hyperloop train, the transport concept which could reduce the time it takes to travel between London and Edinburgh to just 50 minutes. The British billionaire has announced an investment in Hyperloop One by Virgin Group, which will now be renamed Virgin Hyperloop One. “This is an incredibly innovative and exciting new way to move people and things at airline […]

  • China Set To Continue Crude Oil Buying Spree, IEA Says

    by Tsvetana Paraskova on 2017-10-12 at 19:02Although Chinese oil stocks data is opaque and hard to come by, various sources peg China’s storage capacity at up to 1 billion barrels, and assuming the estimate is accurate that China has around 850 million barrels of crude oil stocks now, it would likely continue with its buying spree in the next six months until it reaches capacity, according to the International Energy Agency (IEA). […]

  • New Tech Is Transforming Japan’s Energy Sector

    by OilPrice.com on 2017-10-12 at 18:56With Fukishima’s nuclear reactors set to restart for the first time since 2011’s meltdown, you could be forgiven if you missed another bit of recent energy-related news from the east-central prefecture: an exciting blockchain-powered pilot has just been given the green light. If successful, it could change the way Fukishima – and perhaps indeed the whole country […]

Oil & Gas 360

Economic Times

HydroCarbon Processing Crude-Oil

  • Most US oil executives see prices below $60/bbl through 2018

    on 1970-01-01 at 00:00HOUSTON (Reuters) — Nearly two-thirds of US oil executives see crude oil prices remaining below $60/bbl through 2018 and not hitting $70/bbl until at least the next decade, according to a survey published on Wednesday by consultancy Deloitte Services LP. […]

  • US judge allows Dakota pipeline to run as Army conducts study

    on 1970-01-01 at 00:00WASHINGTON (Reuters) — Oil can keep flowing through the contested Dakota Access Pipeline while the Army Corps of Engineers conducts a new environmental review of the duct through next April, a federal judge ruled on Wednesday. […]

  • IEA: China’s crude oil buying spree looks set to continue

    on 1970-01-01 at 00:00LONDON (Reuters) — China has built its crude oil stockpiles at a record pace in 2017 and while its purchases could tail off towards the year-end, inventories could hit the billion-barrel mark in 6 mos, the International Energy Agency said. […]

  • Kinder Morgan Canada kills request linked to Trans Mountain pipeline

    on 1970-01-01 at 00:00CALGARY, Alberta (Reuters) — Kinder Morgan Canada Ltd on Friday withdrew its request to install anti-fish-spawning mats in construction areas for its embattled Trans Mountain pipeline expansion, potentially delaying the $5.91-B project. […]

  • Indian PM Modi targets more energy reforms after meeting oil chiefs

    on 1970-01-01 at 00:00NEW DELHI (Reuters) — India’s prime minister sees scope for further reform of the country’s energy sector and has received “focused suggestions” from some of the world’s leading energy companies, the office of the premier said on Monday. […]

  • Oil shipments from Georgia’s Batumi port down by 37% this year

    on 1970-01-01 at 00:00TBILISI (Reuters) — Oil and related shipments from Georgia’s Black Sea port of Batumi are down by 36.6 percent in the first nine months of 2017, a senior official at the terminal, operated by Kazakh state firm KazMunaiGas, said on Friday. […]

HydroCarbon Processing Natural Gas

Hellenic Shipping News Worldwide – General Energy News

  • FLNG forges ahead in Africa

    by hellenicshippingnews.. on 2017-10-13 at 09:00Global LNG supply is set to race ahead of demand, but floating LNG projects are forging ahead, and they are doing so in Africa, backed in part by China. The continent’s first FLNG vessel has been completed and is due to reach Cameroonian waters in November. The Hilli Episeyo has been built by Singapore’s Keppel … […]

  • European Refiners Hardest Hit If Kurdish Oil Disrupted, IEA Says

    by hellenicshippingnews.. on 2017-10-13 at 09:00European refiners would be the biggest losers if Kurdish crude supplies are disrupted by the political fallout from the semi-autonomous region’s vote for independence from Iraq, said the International Energy Agency. Italy is the biggest importer of crude from Kurdistan, with Croatia, Greece, Spain and Israel also getting regular supplies from the region, the IEA … […]

  • GECF’s Adeli sees OPEC/non-OPEC deal helping balance global gas markets

    by hellenicshippingnews.. on 2017-10-13 at 09:00The efforts by OPEC and non-OPEC oil producers to curb crude output and stabilize global oil markets should also help restore balance in the natural gas market by around 2022, earlier than previously expected, Seyed Mohammad Hossein Adeli, secretary general of the Gas Exporting Countries Forum, told S&P Global Platts in an interview. As gas … […]

  • S. Korea to complete energy transformation road map this year

    by hellenicshippingnews.. on 2017-10-12 at 21:00South Korea will complete an energy road map that shifts its reliance from coal and nuclear power toward natural gas and renewable energy to put more focus on public safety and technology innovation, the government said Thursday. “We will change the energy paradigm toward safe and clean future energy, reflecting global trends and public demand,” … […]

  • India, Japan to team up to get more flexible LNG deals

    by hellenicshippingnews.. on 2017-10-12 at 17:00India will work with Japan to make long-term liquefied natural gas (LNG) import deals more affordable for its price-sensitive consumers, it said, as these two big importers try to secure better prices and concessions from suppliers. The arrangement will help state-run GAIL India Ltd swap a part of its 5.8 million tonnes of LNG booked … […]

  • Soon Italy May Not Be One of Europe’s Most Expensive Gas Markets

    by hellenicshippingnews.. on 2017-10-11 at 21:00Italy is looking to shed its status as one of Europe’s most expensive gas markets, but the way it plans to do so has riled traders. Lawmakers are aiming to turn a proposed national energy strategy that would overhaul the country’s gas sector into law by the end of the month. The plan, put forth … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Oil Set for Weekly Gain on Rebalancing Signs From U.S. to China

    by hellenicshippingnews.. on 2017-10-13 at 09:00Oil is heading for the biggest weekly gain since mid-September as a drop in U.S. crude stockpiles and near-record Chinese imports added to signs the global market is rebalancing. Futures added 1.5 percent in New York. China’s crude imports last month jumped to the second-highest on record, customs data show, while U.S. government data on Thursday showed crude … […]

  • Oil market bulls are wrong to forecast a pick-up in prices — and here’s why

    by hellenicshippingnews.. on 2017-10-13 at 09:00Oil prices are unlikely to reach $60 per barrel anytime soon as hawkish forecasters continue to ignore the “elephant in the room”, a senior economist told CNBC. Daniel Lacalle, chief economist and investment officer at Tressis Gestion, said: “The bulls of the oil market are missing the elephant in the room which is efficiency and … […]

  • Top Oil Mind Convinced ‘$75 to $110 Oil By Early Next Year’

    by hellenicshippingnews.. on 2017-10-13 at 09:00As we know, the broad stock market indices have been resilient all year. And that strength, in large part, can be credited to a small group of stocks. Among that group, the blue chip Internet stocks have led the way: Facebook, Amazon, Apple, Google and Netflix. Halfway through the year, those five stocks were up … […]

  • Global oil market seen balanced in 2018, even with rising output – IEA

    by hellenicshippingnews.. on 2017-10-12 at 21:00Over the last few months, questions lingered about whether producers were seriously committed to their agreement to cut output and balance the market. While there may still be doubts about some of them, the market heavyweights have once again walked into the ring. A few weeks ahead of the next OPEC meeting, Saudi Arabia and … […]

  • Libya Says Its Oil Recovery Is Struggling and OPEC Sympathizes

    by hellenicshippingnews.. on 2017-10-12 at 21:00Libya said it’s struggling to restore oil production and fellow OPEC members are sparing the nation from having to participate in their deal to cut output. The North African nation has revived output to almost 1 million barrels a day, but it’s “very difficult’’ to say when that could increase to 1.25 million a day, … […]

  • Brent crude could hit high for year as surplus ebbs – PIRA’s Ross

    by hellenicshippingnews.. on 2017-10-12 at 21:00The global crude surplus that caused a price rout has largely been absorbed, resulting in higher crude prices, Gary Ross, founder of PIRA Energy and head of Global Oil Analytics for S&P Global Platts, said on Thursday. Brent crude could make a new short-term high, perhaps above $60 a barrel by year end and will … […]

Oil & Gas Financial Journal

  • Hills to succeed retiring Giles as Atmos Energy VP, IR

    on 2017-10-12 at 17:39Jennifer Hills will succeed Susan Giles as vice president, investor relations for Atmos Energy Corp., effective November 1, 2017. Giles is retiring after 15 years as the Investor Relations Officer for the company. […]

  • Chevron to contribute $500,000 for California fire relief efforts

    on 2017-10-12 at 17:28Chevron will contribute $500,000 from the Chevron Global Community Fund to the American Red Cross in support of immediate relief efforts for the wildfires in Northern and Southern California. […]

  • CAM Integrated Solutions to open Denver office

    on 2017-10-12 at 17:23CAM Integrated Solutions LLC, a provider of engineering, procurement, and construction management to the onshore oil and gas industry, plans to expand its Colorado operations into the Denver market. […]

  • RRC Commissioners appoint interim executive director

    on 2017-10-10 at 17:56Texas Railroad Commission Chairman Christi Craddick and Commissioners Ryan Sitton and Wayne Christian voted unanimously to appoint Wei Wang to serve as interim executive director, effective Oct. 16, 2017. […]

  • Brazos Midstream acquires natural gas gathering system in Delaware Basin

    on 2017-10-10 at 17:51Brazos Midstream Holdings LLC subsidiaries have closed on the purchase of a natural gas gathering system from Callon Petroleum Co. (NYSE: CPE).&nbs […]

  • Kalnin Ventures makes fifth Marcellus asset acquisition

    on 2017-10-10 at 17:45An affiliate of Kalnin Ventures LLC’s BKV Oil and Gas Capital Partners LP fund has entered into Purchase and Sale Agreements with respect to the fund’s fifth acquisition of assets in just over two years in the northeast portion of the Marcellus Shale. […]

The Barrel

  • NEAT index shines spotlight on volatile seaborne thermal coal market for Japan, S Korea, Taiwan

    by Michael Cooper on 2017-10-13 at 10:23Nearly 10 months on from its launch in January 2017 the North East Asia Thermal coal index, or NEAT daily price index for short, continues to go from strength to strength, bringing increasing transparency to spot prices in the Japan, South Korea and Taiwan markets. Spot pricing is becoming increasingly important in the Japanese thermal […] The post NEAT index shines spotlight on volatile […]

  • FLNG forges ahead in Africa

    by Neil Ford on 2017-10-12 at 05:01Global LNG supply is set to race ahead of demand, but floating LNG projects are forging ahead, and they are doing so in Africa, backed in part by China. The continent’s first FLNG vessel has been completed and is due to reach Cameroonian waters in November. The Hilli Episeyo has been built by Singapore’s Keppel […] The post FLNG forges ahead in Africa appeared first on The […]

  • Crude storage costs fall as WTI curve flattens: In the LOOP

    by Mary Hogan on 2017-10-10 at 05:01The price of front-month sour crude oil storage at the Louisiana Offshore Oil Port fell 5 cents/b month on month even as imports to the US Gulf Coast increased over the same period to pre-Harvey levels. Matrix Markets hosts, on behalf of LOOP, a monthly auction in which the oil terminal sells the right but […] The post Crude storage costs fall as WTI curve flattens: In the LOOP appeared […]

  • Despite draft Nuclear Safeguards Bill, UK struggles with impending ‘Brexatom’

    by Oliver Adelman on 2017-10-10 at 00:01Despite a draft Nuclear Safeguards Bill that will go some way towards addressing the new licensing requirements for nuclear fuel, equipment and radioactive material after Brexatom – as the UK’s departure from the European Atomic Energy Community has come to be known – the UK is nonetheless struggling to find a successor arrangement to the […] The post Despite draft […]

  • Russia’s Rosneft goes big into natural gas

    by Rosemary Griffin on 2017-10-09 at 05:39Rosneft has recently inked a number of deals which could facilitate the company’s ambitions to develop international gas trading and export operations, the latest stage in a long-running attempt to become a major gas player and access the lucrative export market. Rosneft initially announced plans for a significant ramp up of gas output in 2013, […] The post Russia’s Rosneft […]

  • Vibrant and youthful Philippines emblematic of ASEAN’s energy challenge

    by Paul Bartholomew on 2017-10-06 at 04:01“I used to swim in this bay when I was a kid but there’s nowhere to swim anymore,” the hotel driver said on the way to Manila airport, pointing to the hotels and giant shopping malls that now occupy the Bay City area of the Philippine capital. A population of 12 million people and some […] The post Vibrant and youthful Philippines emblematic of ASEAN’s energy […]

Energy and Capital

  • Energy for Retirement

    by Jason Williams on 2017-10-12 at 07:00When you get right down to it, an investment in energy is an investment in everything we do. And investments in energy companies are often the most profitable… in good times and bad. […]

  • America’s New Cash Crop

    by Keith Kohl on 2017-10-11 at 07:00Energy and Capital editor Keith Kohl explains why the growing marijuana industry is building America’s new cash crop. […]

  • Death of the Clean Power Plan Still Won’t Save Coal

    by Keith Kohl on 2017-10-10 at 07:00Energy and Capital editor Keith Kohl explains why the EPA’s move to kill off the Clean Power Plan won’t have a major impact on the coal industry. […]

  • How Blockchain Betters Energy

    by Alexandra Perry on 2017-10-10 at 07:00Blockchain technology is changing the way we share and build energy networks. In the coming years, investors can look to emerging companies to help supply tools of the blockchain revolution. […]

  • Fracking Inventor Goes to Mexico

    by Christian DeHaemer on 2017-10-09 at 07:00The guy who invented fracking goes to Mexico to find his fortune, and possibly create fortunes for investors lucky enough to get in on the action… […]

  • Who Has the Cleanest Car?

    by Megan Dailey on 2017-10-07 at 07:00Without this one blockade holding the industry back, could hydrogen fuel cells really be the top choice in clean transportation? […]

Energy Business Review – Oil & Gas

Oil & Gas iQ

  • Six steps to reduce capex through value engineering

    by Tim Haïdar on 2017-10-13 at 13:29Value engineering can be defined as a systematic and organised approach to provide the necessary functions in a project at the lowest cost. Based on a methodology developed by Lawrence Miles of General Electric during the material shortages of World War II, value engineering is used to solv […]

  • Five ways IT is changing the future of oil and gas

    by Anand Laxshmivarahan on 2017-10-13 at 13:29Being part of the IT industry that’s enabling digital transformation makes one thing abundantly clear ­– industries and business models are going to be disrupted unimaginably.However, being so close to this industry also means that one might be blinded to how the IT industry itself will b […]

  • The oil and gas sector needs to diversify if it wants to prosper

    by Jerad Ford on 2017-10-13 at 13:29One does not have to look far to see signs that the oil and gas industry has a bumpy road ahead. Demand might stay high for decades, but given the dizzying pace of technological change, who would bet on that?Take the recent pledges by India, France, Britain, and China to phase out petrol and dies […]

  • A four-step plan for data excellence

    by John Woodhouse on 2017-10-13 at 13:29Using the SALVO process, we can identify four methods that asset-heavy organisations should employ in order to reach a goal of optimal data identification and usage.Step 1 “Identify problems and improvement opportunities” spells out the business impact criteria for which assets need what attention […]

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines


Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES


12-10-2017


Various PDVSA News

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • Royalty tax hike in Trinidad and Tobago to most affect BPTT
    on 2017-10-11 at 20:03The Trinidad and Tobago government has announced an across-the-board 12.5% royalty tax on the production of crude oil, condensate, and natural gas in a move that is expected to affect mainly BP Trinidad & Tobago LLC  (BPTT). […]

  • OPEC reports production rose nearly 90,000 b/d in September
    on 2017-10-11 at 18:00The Organization of Petroleum Exporting Countries raised its forecast for crude oil demand, adding that production by members rose by nearly 90,000 b/d in September despite production-cut targets by OPEC members and some other major producers. […]

  • EIA forecasts higher US home heating bills this winter
    on 2017-10-11 at 17:52Expected colder weather and higher energy costs will raise average household expenditures for all major home heating fuels from October through March, the US Energy Information Administration said in its latest Winter Fuels Outlook. Average increases vary by fuel, with bills for home heating oil forecast to grow by 17%, natural gas by 12%, electricity by 8%, and propane by 18%, it said on […]

  • Deloitte: Executives’ confidence now ‘cautious’ for quick industry recovery
    on 2017-10-11 at 17:41A majority of oil and gas executives expect the price of West Texas Intermediate crude to remain in the $40-50/bbl range in 2017, according to a recently released survey conducted by Deloitte. In its 2017 Oil & Gas Executive survey, released Oct. 11, 64% of executives held this view. […]

  • ‘National vision’ urged for Canadian energy
    on 2017-10-11 at 17:38The Canadian Association of Petroleum Producers has proposed a six-point approach to enable Canada “to share its energy prosperity abroad and drive to a lower-carbon economy at home.&rdquo […]

  • EIA STEO: Falling global inventories, demand growth seen lifting oil prices
    on 2017-10-11 at 17:25Higher crude oil prices over the past month reflect declining global oil inventories, geopolitical events, and increasing expectations for global economic and oil demand growth, the US Energy Information Administration said in its October Short-Term Energy Outlook. […]

World Oil – US Onshore

Various Oil & Gas News

Oilprice.com

  • Oil Prices Poised To Rise In Early 2018
    by Arthur Berman on 2017-10-11 at 22:52Oil prices will be lower for longer—that is the conventional wisdom. Data suggests, however, that oil supplies are tightening and that higher prices are likely in the relatively near-future. Refined Product Demand and Crude Oil Exports U.S. crude oil plus products comparative inventories have fallen 120 mmb (million barrels) in 26 of the last 32 weeks (Figure 1). Strong domestic demand […]

  • New Iran Sanctions Could Send Oil Prices Higher
    by Tsvetana Paraskova on 2017-10-11 at 22:00Oil prices are bound to remain low over the next couple of years, but two potential events could send them either higher than today’s levels or sinking into the $30s—new U.S. sanctions on Iran or OPEC failing to extend the production cut deal beyond March 2018, Jeff Brown, president of consultancy Facts Global Energy (FGE), told the Reuters Global Commodities Summit on Wednesday. Even […]

  • Can Deep Water Wind Farms Power The World?
    by Gregory Brew on 2017-10-11 at 21:51Far out to sea, amid the crashing waves of the North Atlantic, there’s a fortune to be made. According to new research, deep water wind farms could produce enough energy to meet all existing and future electricity demand, if properly harnessed. In a study published on October 9 by researchers at the Carnegie Institution for Science and Stanford University, it’s estimated that deep […]

  • Surprise Oil Inventory Build Shocks Markets
    by Julianne Geiger on 2017-10-11 at 20:57The American Petroleum Institute (API) reported a surprise build of 3.097 million barrels in United States crude oil inventories, compared to an S&P Platts’ survey of analysts that expected inventories would draw down by 400,000 barrels for the week ending October 6. Gasoline inventories, according to the API, saw a decrease of 1.575 million barrels for the week ending October 6, […]

  • Is Iraq On The Brink Of Civil War?
    by Tsvetana Paraskova on 2017-10-11 at 20:49For much of the past month, the Kurdistan referendum on independence and its possible implications for the region have dominated news headlines from the Middle East. The fate of Kurdistan-controlled oil production and exports in the face of Turkish threats to cut off the main export route for Kurdish oil, and Iraq’s call to the neighbors and the world to deal only with the federal […]

  • Busting The Lithium Bubble Myth
    by Irina Slav on 2017-10-11 at 18:59Forget about oversupply of lithium, and ignore the naysayers. There’s no bubble here. Everyone’s talking about electric cars, and lithium miners are getting more than a kick out of it. They’re enjoying share price rallies and better growth prospects, all thanks to boisterous demand-growth predictions. Since lithium demand won’t stop growing, voices caution of a lithium […]

  • Is The War On Coal Really Over?
    by Nick Cunningham on 2017-10-11 at 18:54“The war against coal is over.” That was the claim from EPA chief Scott Pruitt ahead of his announcement that he would rewrite a signature climate change program from the Obama era. On Tuesday, Pruitt’s EPA proposed to withdraw the Clean Power Plan (CPP), a controversial step that seeks to roll back the clock on arguably the most important environmental achievement of President […]

  • France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
    by Tsvetana Paraskova on 2017-10-11 at 18:32As part of efforts to support energy transition, France’s biggest listed bank, BNP Paribas, said on Wednesday that it would no longer do business with companies whose main business is exploration, production, trading, or marketing of oil and gas from shale or tar sands projects.    In one of the latest signs that the banking industry is evaluating the wisdom of doing business with […]

  • Syria’s Kurds Aim To Control Oil-Rich Areas
    by Tsvetana Paraskova on 2017-10-11 at 18:11The Kurds in Syria are vying for control over oil-rich areas in the country with the Syrian Arab army, Syria’s Foreign Minister Walid al-Moallem told his Russian counterpart on Wednesday. “They [the Kurds] know well that Syria will not allow its sovereignty to be violated under any conditions,” al-Moallem told Sergey Lavrov at a meeting in Russia’s Black Sea resort of […]

  • How OPEC Continues To Cheat On Its Own Deal
    by Ron Patterson on 2017-10-11 at 17:16All data below is based on the latest OPEC Monthly Oil Market Report.All data is through September 2017 and is in thousand barrels per day. (Click to enlarge) The above chart does not include the 14th member of OPEC that was recently added, Equatorial Guinea. I do not have historical data for Equatorial Guinea so I may not add them at all. OPEC production has held steady for the past four months. […]

  • Chinese Teapots Create $5B JV To Compete With State Firms
    by Tsvetana Paraskova on 2017-10-11 at 16:56Six Chinese teapot refiners have registered a US$5 billion (33 billion yuan) joint venture to pool funds and investments in order to compete with state-owned giants in an oversupplied domestic fuels market. The joint venture is called Shandong Refining & Chemical Group, and has six independent refiners and a fund backed by the Shandong province as shareholders, Zhang Liucheng, a vice […]

  • Oil M&A Deals Set To Rise
    by Irina Slav on 2017-10-11 at 15:54Mergers and acquisitions in the oil and gas industry are on the rise, and the trend will intensify over the next 12 months, the latest Mergers and Acquisitions in Oil and Gas report from A.T. Kearney has found, as price uncertainty diminishes and new investment areas draw the industry’s attention. More than 66 percent of the industry executives A.T. Kearney surveyed said they expected at […]

Oil & Gas 360

Economic Times

HydroCarbon Processing Crude-Oil

  • Kinder Morgan Canada kills request linked to Trans Mountain pipeline
    on 1970-01-01 at 00:00CALGARY, Alberta (Reuters) — Kinder Morgan Canada Ltd on Friday withdrew its request to install anti-fish-spawning mats in construction areas for its embattled Trans Mountain pipeline expansion, potentially delaying the $5.91-B project. […]

  • Indian PM Modi targets more energy reforms after meeting oil chiefs
    on 1970-01-01 at 00:00NEW DELHI (Reuters) — India’s prime minister sees scope for further reform of the country’s energy sector and has received “focused suggestions” from some of the world’s leading energy companies, the office of the premier said on Monday. […]

  • Oil shipments from Georgia’s Batumi port down by 37% this year
    on 1970-01-01 at 00:00TBILISI (Reuters) — Oil and related shipments from Georgia’s Black Sea port of Batumi are down by 36.6 percent in the first nine months of 2017, a senior official at the terminal, operated by Kazakh state firm KazMunaiGas, said on Friday. […]

  • Vitol CEO sees oil industry shrinking
    on 1970-01-01 at 00:00LONDON (Reuters) — The world’s largest oil trader Vitol expects the oil industry to shrink given the quickening pace of the global shift to electric cars and away from fossil fuels, its chief executive said on Thursday. […]

  • Oil markets cautious as another tropical storm heads for Gulf of Mexico
    on 1970-01-01 at 00:00SINGAPORE (Reuters) — Oil markets opened cautiously in Asia on Friday as traders monitored a tropical storm heading for the Gulf of Mexico and as China remained closed for a week-long public holiday. […]

  • Oil rises as talk of new OPEC deal trumps record US exports
    on 1970-01-01 at 00:00LONDON (Reuters) — Oil prices rose on Thursday as signs Saudi Arabia and Russia would limit production through next year outweighed record US exports and the return of production at a major Libyan oilfield. […]

HydroCarbon Processing Natural Gas

  • IEA lifts 5-yr renewables forecast after record 2016
    on 1970-01-01 at 00:00LONDON (Reuters) — The International Energy Agency (IEA) raised its forecasts on Wednesday for renewable energy over the next 5 yr following a record 2016, adding that renewables growth is squeezing natural gas and coal. […]

  • API: US petroleum demand last month highest for August since 2007
    on 1970-01-01 at 00:00WASHINGTON — Total petroleum deliveries in August moved up by 1.3% from August 2016 to average 20.5 MMpbd, a report by the America Petroleum Institute (API) said. These were the highest August deliveries in 10 yr, since 2007. Compared with July, total domestic petroleum deliveries, a measure of US petroleum demand, decreased 0.6%. For year-to-date, total domestic petroleum deliveries moved […]

  • Petrotechnics’ survey reveals reality of risk in the global hydrocarbon industry
    on 1970-01-01 at 00:00ABERDEEN, Scotland, UK — Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, has released its 2017 Operational Risk and Process Safety Management survey results. Insights from more than 200 senior industry leaders reveal that only 6% believe their companies are fully up-to-date with their scheduled safety-critical maintenance. […]

  • Industry Metrics
    on 1970-01-01 at 00:00US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand. […]

  • North American exodus at PetroChina sparks speculation of company shift
    on 1970-01-01 at 00:00NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region. […]

  • India’s Reliance to boost profit, naphtha exports by using ethane
    on 1970-01-01 at 00:00MUMBAI/SINGAPORE (Reuters) — India’s Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday. […]

Hellenic Shipping News Worldwide – General Energy News

  • Soon Italy May Not Be One of Europe’s Most Expensive Gas Markets
    by hellenicshippingnews.. on 2017-10-11 at 21:00Italy is looking to shed its status as one of Europe’s most expensive gas markets, but the way it plans to do so has riled traders. Lawmakers are aiming to turn a proposed national energy strategy that would overhaul the country’s gas sector into law by the end of the month. The plan, put forth … […]

  • Japan’s JERA in talks for LNG contract with no destination limits
    by hellenicshippingnews.. on 2017-10-11 at 21:00Japan’s JERA Co, the world’s biggest importer of liquefied natural gas (LNG), is set to sign a new LNG contract soon that would be free of destination restrictions as it looks to secure volumes to replace some expiring long-term deals, its top official said on Wednesday. JERA has been pushing to drop the so-called destination clause … […]

  • Taiwan’s Formosa cuts Oct refinery throughput due to maintenance
    by hellenicshippingnews.. on 2017-10-11 at 21:00Taiwan’s Formosa Petrochemical Corp is operating its 540,000 barrels per day (bpd) refinery at Mailiao at about 70 percent capacity this month, its spokesman said on Wednesday. This is down by about 26 percentage points from September and the lower run rates are a result of planned maintenance at a secondary unit. Formosa, Asia’s fifth largest refinery by capacity, […]

  • Greece seeks final bids for gas grid sale before year-end – sources
    by hellenicshippingnews.. on 2017-10-11 at 17:00Greece aims to get binding offers from investors shortlisted for a 66 percent stake in state-controlled natural gas grid DESFA by the end of the year, two sources close to the process said on Wednesday. Under its latest international bailout with the European Union and the International Monetary Fund, Greece is selling a 31 percent … […]

  • Asian oil refiners lose profit-bump from Harvey, but may get China boost: Russell
    by hellenicshippingnews.. on 2017-10-11 at 09:00The boost to Asian refiners’ profits from the loss of refining capacity in the United States from August’s Hurricane Harvey has proved temporary, but the outlook for the rest of the year is still positive. Asian refiners were among those that scrambled to take advantage of the closure of about a quarter of U.S. processing … […]

  • The East Coast’s Warm Fall Spells Trouble for Gas Bulls
    by hellenicshippingnews.. on 2017-10-10 at 21:00October weather warm enough for backyard barbecues in the U.S. Northeast isn’t doing natural gas bulls any favors. From Boston to Chicago, overnight temperatures are lingering above 60 degrees Fahrenheit (16 Celsius) at a time when they usually begin dropping into the 50s and below, AccuWeather Inc. data show. Homes and businesses are using the … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Oil slips despite expected OPEC extension of output cuts
    by hellenicshippingnews.. on 2017-10-12 at 09:00Oil prices slipped on Thursday as U.S. fuel inventories rose despite efforts by OPEC to cut production. Brent crude oil <LCOc1> was down 20 cents at $56.74 a barrel by 0840 GMT. U.S. light crude <CLc1> was 35 cents lower at $50.95. Both benchmarks have risen more than 20 percent from their lows in June … […]

  • OPEC-Russia Shouldn’t Extend Cuts If Oil at $60, Lukoil CEO Says
    by hellenicshippingnews.. on 2017-10-12 at 09:00Oil producers should not extend supply cuts beyond their expiry at the end of March if prices rise to $60 a barrel, said the chief executive officer of Russia’s second-largest oil company. Russia and OPEC should wind down their deal from April if prices reach that level, said Vagit Alekperov, the billionaire CEO of Lukoil … […]

  • Goldman expects Brent backwardation to sustain
    by hellenicshippingnews.. on 2017-10-12 at 09:00Goldman says its updated global supply-demand balance shows peak stock draws in Q317, with their greater magnitude offset by a less constructive Q417 than previously expected. Goldman says its modest 2018 global surplus remains unchanged, however, the later and marginally smaller ramp up in shale is offset by other non-OPEC growth accelerating on new projects … […]

  • Shrinking Europe Oil Glut Gets Even Smaller After U.S. Hurricane
    by hellenicshippingnews.. on 2017-10-12 at 09:00If you want to see how the oil market’s re-balancing, just take a look at Europe’s storage tanks. Crude inventories in the key hub of Amsterdam, Rotterdam and Antwerp — known in the industry as ARA — are now at their lowest level since February 2015. The sharp declines are being driving by a diesel … […]

  • A stronger OPEC needs Russia
    by hellenicshippingnews.. on 2017-10-12 at 09:00In his book, former Saudi Oil Minister Ali Al-Naimi expresses skepticism about the willingness of Russia to join efforts made by the Organization of the Petroleum Exporting Countries (OPEC) to rebalance the market. Al-Naimi’s pessimism was not unfounded. He spent years talking to Russian officials about efforts to rebalance the market during several crises since … […]

  • OPEC sees higher oil demand, points to tighter market in 2018
    by hellenicshippingnews.. on 2017-10-11 at 21:00The OPEC Reference Basket rose to $53.44/b in September, its highest value since July 2015. Crude futures prices also saw gains, with ICE Brent averaging above the $55/b, supported by increasing evidence that the oil market is heading toward rebalancing. Geopolitical tensions and lower distillates stocks also pushed prices higher. ICE Brent averaged $55.51/b in … […]

Oil & Gas Financial Journal

The Barrel

  • FLNG forges ahead in Africa
    by Neil Ford on 2017-10-12 at 05:01Global LNG supply is set to race ahead of demand, but floating LNG projects are forging ahead, and they are doing so in Africa, backed in part by China. The continent’s first FLNG vessel has been completed and is due to reach Cameroonian waters in November. The Hilli Episeyo has been built by Singapore’s Keppel […] The post FLNG forges ahead in Africa appeared first on The […]

  • Crude storage costs fall as WTI curve flattens: In the LOOP
    by Mary Hogan on 2017-10-10 at 05:01The price of front-month sour crude oil storage at the Louisiana Offshore Oil Port fell 5 cents/b month on month even as imports to the US Gulf Coast increased over the same period to pre-Harvey levels. Matrix Markets hosts, on behalf of LOOP, a monthly auction in which the oil terminal sells the right but […] The post Crude storage costs fall as WTI curve flattens: In the LOOP appeared […]

  • Despite draft Nuclear Safeguards Bill, UK struggles with impending ‘Brexatom’
    by Oliver Adelman on 2017-10-10 at 00:01Despite a draft Nuclear Safeguards Bill that will go some way towards addressing the new licensing requirements for nuclear fuel, equipment and radioactive material after Brexatom – as the UK’s departure from the European Atomic Energy Community has come to be known – the UK is nonetheless struggling to find a successor arrangement to the […] The post Despite draft […]

  • Russia’s Rosneft goes big into natural gas
    by Rosemary Griffin on 2017-10-09 at 05:39Rosneft has recently inked a number of deals which could facilitate the company’s ambitions to develop international gas trading and export operations, the latest stage in a long-running attempt to become a major gas player and access the lucrative export market. Rosneft initially announced plans for a significant ramp up of gas output in 2013, […] The post Russia’s Rosneft […]

  • Vibrant and youthful Philippines emblematic of ASEAN’s energy challenge
    by Paul Bartholomew on 2017-10-06 at 04:01“I used to swim in this bay when I was a kid but there’s nowhere to swim anymore,” the hotel driver said on the way to Manila airport, pointing to the hotels and giant shopping malls that now occupy the Bay City area of the Philippine capital. A population of 12 million people and some […] The post Vibrant and youthful Philippines emblematic of ASEAN’s energy […]

  • US shale gas casts a long shadow over petrochemicals
    by Shashank Shekhar on 2017-10-05 at 15:00Middle Eastern petrochemical companies are known for their lavish hospitality, but at a cocktail party organized by a major Saudi company in Berlin recently, the atmosphere was quite somber. A conversation with one of the hosts on the impact of shale gas went some way to explaining this. “We are worried that the Americans will […] The post US shale gas casts a long shadow over […]

Energy and Capital

Energy Business Review – Oil & Gas

Oil & Gas iQ

  • The oil and gas sector needs to diversify if it wants to prosper
    by Jerad Ford on 2017-10-12 at 12:54One does not have to look far to see signs that the oil and gas industry has a bumpy road ahead. Demand might stay high for decades, but given the dizzying pace of technological change, who would bet on that?Take the recent pledges by India, France, Britain, and China to phase out petrol and dies […]

  • A four-step plan for data excellence
    by John Woodhouse on 2017-10-12 at 12:54Using the SALVO process, we can identify four methods that asset-heavy organisations should employ in order to reach a goal of optimal data identification and usage.Step 1 “Identify problems and improvement opportunities” spells out the business impact criteria for which assets need what attention […]

  • Oil &amp; gas: Transforming through digital technologies
    by Diana Raicu on 2017-10-12 at 12:54The oil and gas industry has recently experienced one of its worst downturns, driven by multiple factors including a sharp supply-side disruption where heightened production flooded the global market.This oversupply reached as much as 1.8 million barrels of oil equivalent per day in 2015. At on […]

  • Upcoming report shows oil and gas industry on the cusp of disruptive reform
    by Diana Raicu on 2017-10-12 at 12:54Intelligent enterprise (IE) technology could lead to an oil and gas revolution according to 14 per cent of respondents in a major industry poll.A recent Oil & Gas IQ survey has uncovered that the suite of novel technologies, including everything from artificial intelligence to chatbots, w […]

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines


Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES


11-10-2017


Various PDVSA News

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

World Oil – US Onshore

Various Oil & Gas News

Oilprice.com

  • Over 1 Million Bpd Remain Offline In Gulf Of Mexico
    by Julianne Geiger on 2017-10-10 at 23:07Both WTI and Brent benchmarks were up on Tuesday as about 58 percent of U.S. Gulf of Mexico crude oil production is still offline, according to the Bureau of Safety and Environmental Enforcement (BSEE) in its Tuesday update on Tropical Storm Nate. That 58 percent still offline equates to 1.024 million barrels of oil per day. Roughly half of the Gulf’s natural gas production remains offline […]

  • OPEC To Take Drastic Action Despite Shale Slowdown
    by Nick Cunningham on 2017-10-10 at 21:54WTI recently dipped below $50 per barrel for the first time in a month, erasing the strong September rally. It’s no coincidence that after two weeks of price declines, OPEC has tried to talk up the oil market again, hinting that more drastic action could be forthcoming. Echoing the world’s top central bankers, OPEC’s Secretary General said that the oil cartel might need to take […]

  • India’s Urban Explosion Boosts Oil Demand
    by Zainab Calcuttawala on 2017-10-10 at 21:39An urbanizing Indian population poses a threat to the international agenda to reduce carbon emissions in the coming years, according to most models of development that are based on the economic trajectory of the United Kingdom, the United States and most other “first world” nations. “Like China since the start of this century, India is in the midst of a huge wave of […]

  • Turkmenistan To Spend $93-Billion On Oil And Gas Sector
    by RFE/RL staff on 2017-10-10 at 21:05Turkmen President Gurbanguly Berdymukhammedov has vowed to spend tens of billions of dollars to prop up the country’s oil-and-gas sector, which has been hurt by low global prices and falling demand from Russia. “In the next seven years, we will make investments of 240 billion manats. In the oil-and-gas complex, we will invest 159 billion manats,” Berdymukhamedov said. He was speaking on […]

  • Europe Stands Divided On Gazprom’s Nord Stream 2 Pipeline
    by Tsvetana Paraskova on 2017-10-10 at 20:39Nord Stream 2—Gazprom’s pipeline project to twin the existing Nord Stream pipeline between Russia and Germany via the Baltic Sea, is dividing European nations and European Union (EU) institutions—with one group cheering on the resultant cheap gas, and the other group fearing Russia’s increased grip on the region. Proponents and supporters of the project argue that Germany […]

  • World’s No.1 Oil Trader: U.S. To See Final Oil Output Spike In 2018
    by Julianne Geiger on 2017-10-10 at 20:13The best is yet to come for US oil production—but it will be a short-lived hurrah, according to Ian Taylor, head of oil trading giant Vitol. US oil production has steadily increased throughout 2017 as US drillers regained their footing after the oil price crash. What started out at 8.946 million bpd of crude oil production in the first week of January has now reached an average of 9.561 […]

  • Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years
    by Zainab Calcuttawala on 2017-10-10 at 20:06Hydrocarbon projects in India will get a US$300 billion boost over the next ten years as New Delhi prepares to grapple with growing energy demand in the subcontinent, Oil Minister Dharmendra Pradhan told reporters this week. “In the next 10 years, India is offering project scope of USD 300 billion (in hydrocarbon sector) looking into our future demand,” Pradhan said at the IndiaEnergyForum, […]

  • Record U.S. Crude Exports Squeeze North Sea Oil
    by Tsvetana Paraskova on 2017-10-10 at 19:29Record-high U.S. crude oil exports are putting pressure on North Sea oil as American oil is now flowing to Europe and to the prized Asian market, which has become increasingly important for determining North Sea oil prices and the Brent benchmark. U.S. crude oil exports hit a record-high of 1.98 million bpd in the week to September 29, EIA data showed last week. This was the highest weekly […]

  • Iraq Aims To Reopen Kirkuk-Turkey Oil Pipeline Bypassing Kurdistan
    by Tsvetana Paraskova on 2017-10-10 at 18:59Iraq’s Oil Minister Jabbar Al-Luiebi has ordered state-held oil and pipeline companies to begin restoring oil flows from Kirkuk to Turkish port Ceyhan via a pipeline that bypasses Kurdistan, increasing pressure on the breakaway region that voted for independence last month in a referendum strongly opposed and deemed illegal and invalid by the federal government. Al-Luiebi has asked North […]

  • Aggressive OPEC Pushes Oil Prices Up
    by Tom Kool on 2017-10-10 at 18:05Oil prices firmed up just a bit on the very aggressive comments from OPEC’s top official, although the bull run from September does not appear to be set to return. (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)- The average U.S. household is expected to spend $1,977, or about 2.4 percent of mean income, on gasoline this year, according to the EIA. – Gasoline […]

  • Supply Crunch To Lead To Oil Price Spike By 2020s, Expert Says
    by Tsvetana Paraskova on 2017-10-10 at 17:49Several years of underinvestment in large oil projects could lead to oil price spikes of $80-$100 per barrel by the 2020s unless mega projects are sanctioned very soon, Jonathan Chanis, Vice President of Policy at Securing America’s Future Energy (SAFE), told Platts in an interview on Monday. “We’re at a very perilous point because we’ve had two years of a really, really […]

  • This Key Data Points At Strong U.S. Oil Demand
    by Jon LeSage on 2017-10-10 at 17:44Gasoline prices haven’t gone up high enough in the U.S. to have any real impact on car buyers choosing more fuel-efficient vehicles. A university study reports that fuel economy in new vehicle purchases is staying flat this year. Average fuel economy (window-sticker value) of new vehicles sold in the U.S. was 25.3 mpg in September, according to University of Michigan’s Transportation […]

Oil & Gas 360

Business Standard – Commodities | Oil & Gas

Economic Times

HydroCarbon Processing Crude-Oil

  • Kinder Morgan Canada kills request linked to Trans Mountain pipeline
    on 1970-01-01 at 00:00CALGARY, Alberta (Reuters) — Kinder Morgan Canada Ltd on Friday withdrew its request to install anti-fish-spawning mats in construction areas for its embattled Trans Mountain pipeline expansion, potentially delaying the $5.91-B project. […]

  • Indian PM Modi targets more energy reforms after meeting oil chiefs
    on 1970-01-01 at 00:00NEW DELHI (Reuters) — India’s prime minister sees scope for further reform of the country’s energy sector and has received “focused suggestions” from some of the world’s leading energy companies, the office of the premier said on Monday. […]

  • Oil shipments from Georgia’s Batumi port down by 37% this year
    on 1970-01-01 at 00:00TBILISI (Reuters) — Oil and related shipments from Georgia’s Black Sea port of Batumi are down by 36.6 percent in the first nine months of 2017, a senior official at the terminal, operated by Kazakh state firm KazMunaiGas, said on Friday. […]

  • Vitol CEO sees oil industry shrinking
    on 1970-01-01 at 00:00LONDON (Reuters) — The world’s largest oil trader Vitol expects the oil industry to shrink given the quickening pace of the global shift to electric cars and away from fossil fuels, its chief executive said on Thursday. […]

  • Oil markets cautious as another tropical storm heads for Gulf of Mexico
    on 1970-01-01 at 00:00SINGAPORE (Reuters) — Oil markets opened cautiously in Asia on Friday as traders monitored a tropical storm heading for the Gulf of Mexico and as China remained closed for a week-long public holiday. […]

  • Oil rises as talk of new OPEC deal trumps record US exports
    on 1970-01-01 at 00:00LONDON (Reuters) — Oil prices rose on Thursday as signs Saudi Arabia and Russia would limit production through next year outweighed record US exports and the return of production at a major Libyan oilfield. […]

HydroCarbon Processing Natural Gas

  • IEA lifts 5-yr renewables forecast after record 2016
    on 1970-01-01 at 00:00LONDON (Reuters) — The International Energy Agency (IEA) raised its forecasts on Wednesday for renewable energy over the next 5 yr following a record 2016, adding that renewables growth is squeezing natural gas and coal. […]

  • API: US petroleum demand last month highest for August since 2007
    on 1970-01-01 at 00:00WASHINGTON — Total petroleum deliveries in August moved up by 1.3% from August 2016 to average 20.5 MMpbd, a report by the America Petroleum Institute (API) said. These were the highest August deliveries in 10 yr, since 2007. Compared with July, total domestic petroleum deliveries, a measure of US petroleum demand, decreased 0.6%. For year-to-date, total domestic petroleum deliveries moved […]

  • Petrotechnics’ survey reveals reality of risk in the global hydrocarbon industry
    on 1970-01-01 at 00:00ABERDEEN, Scotland, UK — Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, has released its 2017 Operational Risk and Process Safety Management survey results. Insights from more than 200 senior industry leaders reveal that only 6% believe their companies are fully up-to-date with their scheduled safety-critical maintenance. […]

  • Industry Metrics
    on 1970-01-01 at 00:00US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand. […]

  • North American exodus at PetroChina sparks speculation of company shift
    on 1970-01-01 at 00:00NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region. […]

  • India’s Reliance to boost profit, naphtha exports by using ethane
    on 1970-01-01 at 00:00MUMBAI/SINGAPORE (Reuters) — India’s Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday. […]

Hellenic Shipping News Worldwide – General Energy News

  • Asia Distillates-Jet fuel differentials fall but winter demand could support
    by hellenicshippingnews.. on 2017-10-10 at 21:00Asian jet fuel cash differentials fell on Tuesday but the end-of-year travel season and winter demand for heating fuel kerosene could lend support in coming weeks, traders said. – INDIA OFFERS MORE DIESEL: India’s Bharat Petroleum Corp Ltd (BPCL) offered 35,000 tonnes of diesel for loading from Mumbai in late October, traders said. Indian refiners … […]

  • The East Coast’s Warm Fall Spells Trouble for Gas Bulls
    by hellenicshippingnews.. on 2017-10-10 at 21:00October weather warm enough for backyard barbecues in the U.S. Northeast isn’t doing natural gas bulls any favors. From Boston to Chicago, overnight temperatures are lingering above 60 degrees Fahrenheit (16 Celsius) at a time when they usually begin dropping into the 50s and below, AccuWeather Inc. data show. Homes and businesses are using the … […]

  • South Korea’s Kogas to build 2 mil kl LNG storage terminal at Dangjin by 2031
    by hellenicshippingnews.. on 2017-10-10 at 21:00South Korea’s state-owned Korea Gas Corp said Tuesday it plans to build its fifth LNG storage terminal with a capacity of 2 million kiloliters by 2031 on the country’s west coast. The terminal will have 10 tanks, each 200,000 kiloliters, in Dangjin, south of Seoul, the company said in a statement. “Under the first phase, … […]

  • India needs to further boost refining capacities to retain fuels self-sufficiency
    by hellenicshippingnews.. on 2017-10-09 at 21:00Indian state-owned refiners will have to add capacity at a much faster rate than in the past to maintain self-sufficiency in transport fuels, according to an oil and gas industry consultancy on Monday. “As the balance of oil demand growth tilts towards India and southeast Asia, these markets will lead in increasing Asia’s refining capacity,” … […]

  • RIL offloads US shale gas assets as falling crude oil prices dent profits
    by hellenicshippingnews.. on 2017-10-09 at 21:00Reliance Industries Ltd (RIL) on Friday agreed to sell the first of its shale gas ventures—upstream Marcellus shale gas assets in northeastern and central Pennsylvania in the US—for $126 million. The assets held by Reliance Marcellus II LLC, a unit of Reliance Holding USA Inc. and Reliance Industries Ltd (RIL), were sold to BKV Chelsea … […]

  • Chevron Achieves First LNG Production at Wheatstone
    by hellenicshippingnews.. on 2017-10-09 at 17:00Chevron Corporation (NYSE:CVX) today announced it has started producing liquefied natural gas (LNG) at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks. “First LNG production is a significant milestone and is a credit to our partners, contractors and the many thousands of people who … […]

Hellenic Shipping News Worldwide – Oil & Companies News

Oil & Gas Financial Journal

The Barrel

  • Crude storage costs fall as WTI curve flattens: In the LOOP
    by Mary Hogan on 2017-10-10 at 05:01The price of front-month sour crude oil storage at the Louisiana Offshore Oil Port fell 5 cents/b month on month even as imports to the US Gulf Coast increased over the same period to pre-Harvey levels. Matrix Markets hosts, on behalf of LOOP, a monthly auction in which the oil terminal sells the right but […] The post Crude storage costs fall as WTI curve flattens: In the LOOP appeared […]

  • Despite draft Nuclear Safeguards Bill, UK struggles with impending ‘Brexatom’
    by Oliver Adelman on 2017-10-10 at 00:01Despite a draft Nuclear Safeguards Bill that will go some way towards addressing the new licensing requirements for nuclear fuel, equipment and radioactive material after Brexatom – as the UK’s departure from the European Atomic Energy Community has come to be known – the UK is nonetheless struggling to find a successor arrangement to the […] The post Despite draft […]

  • Russia’s Rosneft goes big into natural gas
    by Rosemary Griffin on 2017-10-09 at 05:39Rosneft has recently inked a number of deals which could facilitate the company’s ambitions to develop international gas trading and export operations, the latest stage in a long-running attempt to become a major gas player and access the lucrative export market. Rosneft initially announced plans for a significant ramp up of gas output in 2013, […] The post Russia’s Rosneft […]

  • Vibrant and youthful Philippines emblematic of ASEAN’s energy challenge
    by Paul Bartholomew on 2017-10-06 at 04:01“I used to swim in this bay when I was a kid but there’s nowhere to swim anymore,” the hotel driver said on the way to Manila airport, pointing to the hotels and giant shopping malls that now occupy the Bay City area of the Philippine capital. A population of 12 million people and some […] The post Vibrant and youthful Philippines emblematic of ASEAN’s energy […]

  • US shale gas casts a long shadow over petrochemicals
    by Shashank Shekhar on 2017-10-05 at 15:00Middle Eastern petrochemical companies are known for their lavish hospitality, but at a cocktail party organized by a major Saudi company in Berlin recently, the atmosphere was quite somber. A conversation with one of the hosts on the impact of shale gas went some way to explaining this. “We are worried that the Americans will […] The post US shale gas casts a long shadow over […]

  • Most commodity prices in Trump era weaker — so far — than during Obama’s: Of Presidents and Prices
    by Joseph Innace on 2017-10-04 at 05:01Ten of the 11 average commodity prices tracked by S&P Global Platts since President Donald Trump took office remain weaker than their averages during President Obama’s two terms. Although fundamentals and a range of other factors influence commodity prices, the group of 11 is being monitored by Platts and compared for Trump’s term versus Obama’s. […] The post Most […]

Energy and Capital

Energy Business Review – Oil & Gas

Oil & Gas iQ

  • The oil and gas sector needs to diversify if it wants to prosper
    by Jerad Ford on 2017-10-11 at 11:41One does not have to look far to see signs that the oil and gas industry has a bumpy road ahead. Demand might stay high for decades, but given the dizzying pace of technological change, who would bet on that?Take the recent pledges by India, France, Britain, and China to phase out petrol and dies […]

  • A four-step plan for data excellence
    by John Woodhouse on 2017-10-11 at 11:41Using the SALVO process, we can identify four methods that asset-heavy organisations should employ in order to reach a goal of optimal data identification and usage.Step 1 “Identify problems and improvement opportunities” spells out the business impact criteria for which assets need what attention […]

  • Oil &amp; gas: Transforming through digital technologies
    by Diana Raicu on 2017-10-11 at 11:41The oil and gas industry has recently experienced one of its worst downturns, driven by multiple factors including a sharp supply-side disruption where heightened production flooded the global market.This oversupply reached as much as 1.8 million barrels of oil equivalent per day in 2015. At on […]

  • Upcoming report shows oil and gas industry on the cusp of disruptive reform
    by Diana Raicu on 2017-10-11 at 11:41Intelligent enterprise (IE) technology could lead to an oil and gas revolution according to 14 per cent of respondents in a major industry poll.A recent Oil & Gas IQ survey has uncovered that the suite of novel technologies, including everything from artificial intelligence to chatbots, w […]

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines


Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES


10-10-2017


Various PDVSA News

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • Orpic’s Mina Al Fahal refinery enters turnaround
    on 2017-10-09 at 17:54Oman Oil Refineries & Petroleum Industries Co. (Orpic) has shuttered its 106,000-b/d Mina Al Fahal refinery near Muscat, Oman, for 45 days of planned maintenance and turnaround activities. […]

  • IEnova buying Pemex’s stake in Los Ramones II Norte pipeline
    on 2017-10-09 at 17:50Infraestructura Energetica Nova SAB de CV (IEnova), the Mexican subsidiary of San Diego-based Sempra Energy, has acquired Pemex Transformacion Industrial SA de CV’s interest in Ductos y Energeticos del Norte, and, as a result, IEnova will increase its indirect interest in the Los Ramones II Norte natural gas pipeline to 50% from 25%. […]

  • Statoil discovers oil in summer drilling campaign offshore UK
    on 2017-10-09 at 17:46Statoil ASA has discovered 25-130 million bbl of oil in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf. […]

  • Moves to ban sales of new oil-fueled vehicles ignore costs
    on 2017-10-09 at 17:41Governments suddenly are racing to ban vehicles fueled by oil products. […]

  • Pemex evaluating bids for hydrogen supply to Cadereyta, Madero refineries
    on 2017-10-09 at 17:23Pemex Transformacion Industrial (PTI), the processing arm of Mexico’s state-owned Petroleos Mexicanos SA, is in the process of selecting suitable partners to supply hydrogen to two of its refineries in Mexico. […]

  • DowDuPont commissions Texas ethylene, PE plants
    on 2017-10-09 at 17:20DowDuPont Materials Science, the business division of newly formed DowDupont, has commissioned ethylene and polyethylene (PE) units in Freeport, Tex., as part of Dow Chemical Co.’s previously announced $6-billion US Gulf Coast (USGC) investment program in Texas and Louisiana on projects to utilize low-cost and advantaged US shale gas feedstock (OGJ Online, June 7, 2017; Mar. 30, 2017). […]

World Oil – US Onshore

Various Oil & Gas News

Oilprice.com

  • Brazilian Conglomerate To Expand Into Renewables
    by Zainab Calcuttawala on 2017-10-09 at 22:08Brazil is on its way to gain a new clean energy venture in Votorantim, a private company that plans to create a wind, solar and hydropower company, according to a new Reuters report. Votorantim has contacted the Canada Pension Plan Investment Board to finance the green energy platform, sources close to the company said. A company in Singapore and several North American pension funds have also […]

  • Kurdish Independence Could Spark Civil War
    by Zainab Calcuttawala on 2017-10-09 at 22:04Iraqi Vice President Ayad Allawi fears a civil war within his country if issues regarding the Kurdish independence referendum remain unresolved, according to a new report from AP. Kurdish officials and Baghdad must solve their issues regarding the disputed territory in peace, especially those related to the Kirkuk oilfield. Allawi has served as a former prime minister of Iraq, and maintains that […]

  • Chevron, Total Waiting In The Wings As Shell Mulls Majnoon Exit
    by Tsvetana Paraskova on 2017-10-09 at 21:24Chevron and Total SA are interested in working at Iraq’s Majnoon oil field that Shell says it wants to exit, but no talks with the U.S. or French company have taken place since Iraq is still in talks with Shell, Iraqi Oil Minister Jabbar Al-Luiebi said on Monday.   “Until now, we are still in talks with Shell, and no decision has been made in relation to exiting the Majnoon […]

  • The “Amazon Effect” Is Coming To Oil Markets
    by Irina Slav on 2017-10-09 at 21:09While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field. Much talk has revolved around how software can completely transform the energy industry, but until recently, it was just talk. Now, things are beginning to change, and some observers, such as Cottonwood Venture […]

  • Oil Giants At Odds As Saudi, Russian Ties Improve
    by Nicholas Trickett on 2017-10-09 at 21:02Oil Royalties Saudi King Salman bin Abdulaziz Al Saud visited Moscow last Wednesday, the first such visit by a Saudi monarch since the Soviet Union collapsed. Two topics dominated the agenda: Syria and oil. Saudi Arabia has likely found itself in the uncomfortable position of accepting Assad’s grip on power into the future in hopes of drawing Russia further away from Tehran in trying to […]

  • Has The Bear Market In Oil Finally Ended?
    by Robert Rapier on 2017-10-09 at 20:56Following the 17-month bear market that ended in March 2009, one of the longest-running bull markets in U.S. history began. The current bull market is the second longest streak on record without a 20% drop in the S&P 500. But the performance across the S&P 500 sectors has been uneven. When oil prices collapsed in the second half of 2014, the energy markets entered a bear market even as […]

  • The Capital Of Coal Is Looking For Other Options
    by OilPrice.com on 2017-10-09 at 20:41SHANGHAI (Reuters) – Taiyuan, the capital of China’s northern province of Shanxi, which is known for its coal production, has banned the sale, transport and use of most coal as it tries to cut air pollution, the state news agency Xinhua reported on Monday. The ban took effect from Sunday, restricting companies and individuals “other than major steel and power plants” from […]

  • Russia And China Continue To Boost Oil Ties
    by Tsvetana Paraskova on 2017-10-09 at 20:04Even before the OPEC/non-OPEC production cuts took effect in January 2017, Russia had already beaten Saudi Arabia to become China’s single largest oil supplier for 2016. Since then, Saudi Arabia has sacrificed still more of its market share in the prized Chinese market, while Russia has dominated Beijing’s top suppliers’ list for most of this year. Now Russia’s oil giant, […]

  • China’s Sinopec Puts $1B Argentina Oil Assets Up For Sale
    by Tsvetana Paraskova on 2017-10-09 at 19:59Argentina’s losses on its oil and gas assets, as well as its labor disputes, have prompted China’s Sinopec to consider selling its operations in the country. Sinopec advisors have offered up some of its assets to about a dozen large firms from the U.S., Latin America, Europe, Africa, and Russia, Reuters reported on Monday, citing three sources familiar with the plans. In total, there […]

  • Is The Bakken Profitable At $50 Oil?
    by Rune Likvern on 2017-10-09 at 18:43In the first part of this post I present an update on the profitability for Light Tight Oil (LTO) extraction in the Bakken (ND) as one big project. This is followed with economic life cycle analysis for the average LTO well of the 2014, 2015 and 2016 vintages in the Bakken. This analysis found that companies in aggregate continue to outspend net cash flows from operations and for 2017 this is now […]

  • Statoil Discovers Up To 130 Million Barrels Of Oil In North Sea
    by Tsvetana Paraskova on 2017-10-09 at 18:06Statoil has struck oil in the outer Moray Firth on the UK Continental Shelf in the North Sea, with preliminary results suggesting the discovery could range anywhere from 25 million to 130 million barrels of oil, the Norwegian oil and gas major said on Monday. Statoil, operator of the Verbier area with a 70-percent interest, and its minority partners Jersey Oil and Gas with 18 percent and CIECO […]

  • Renewed Sanctions On Iran Could Disrupt Oil Exports
    by OilPrice.com on 2017-10-09 at 17:22President Trump is poised to announce over the coming days, that the landmark Iran nuclear agreement is no longer in the national interest of the United States. While the so-called “decertification” would not be the fatal blow to the Iran deal that Trump promised on the campaign trail, it would kick the issue back to Congress, which could potentially pull out of the deal entirely. […]

Oil & Gas 360

Business Standard – Commodities | Oil & Gas

Economic Times

HydroCarbon Processing Crude-Oil

  • Kinder Morgan Canada kills request linked to Trans Mountain pipeline
    on 1970-01-01 at 00:00CALGARY, Alberta (Reuters) — Kinder Morgan Canada Ltd on Friday withdrew its request to install anti-fish-spawning mats in construction areas for its embattled Trans Mountain pipeline expansion, potentially delaying the $5.91-B project. […]

  • Indian PM Modi targets more energy reforms after meeting oil chiefs
    on 1970-01-01 at 00:00NEW DELHI (Reuters) — India’s prime minister sees scope for further reform of the country’s energy sector and has received “focused suggestions” from some of the world’s leading energy companies, the office of the premier said on Monday. […]

  • Oil shipments from Georgia’s Batumi port down by 37% this year
    on 1970-01-01 at 00:00TBILISI (Reuters) — Oil and related shipments from Georgia’s Black Sea port of Batumi are down by 36.6 percent in the first nine months of 2017, a senior official at the terminal, operated by Kazakh state firm KazMunaiGas, said on Friday. […]

  • Vitol CEO sees oil industry shrinking
    on 1970-01-01 at 00:00LONDON (Reuters) — The world’s largest oil trader Vitol expects the oil industry to shrink given the quickening pace of the global shift to electric cars and away from fossil fuels, its chief executive said on Thursday. […]

  • Oil markets cautious as another tropical storm heads for Gulf of Mexico
    on 1970-01-01 at 00:00SINGAPORE (Reuters) — Oil markets opened cautiously in Asia on Friday as traders monitored a tropical storm heading for the Gulf of Mexico and as China remained closed for a week-long public holiday. […]

  • Oil rises as talk of new OPEC deal trumps record US exports
    on 1970-01-01 at 00:00LONDON (Reuters) — Oil prices rose on Thursday as signs Saudi Arabia and Russia would limit production through next year outweighed record US exports and the return of production at a major Libyan oilfield. […]

HydroCarbon Processing Natural Gas

  • IEA lifts 5-yr renewables forecast after record 2016
    on 1970-01-01 at 00:00LONDON (Reuters) — The International Energy Agency (IEA) raised its forecasts on Wednesday for renewable energy over the next 5 yr following a record 2016, adding that renewables growth is squeezing natural gas and coal. […]

  • API: US petroleum demand last month highest for August since 2007
    on 1970-01-01 at 00:00WASHINGTON — Total petroleum deliveries in August moved up by 1.3% from August 2016 to average 20.5 MMpbd, a report by the America Petroleum Institute (API) said. These were the highest August deliveries in 10 yr, since 2007. Compared with July, total domestic petroleum deliveries, a measure of US petroleum demand, decreased 0.6%. For year-to-date, total domestic petroleum deliveries moved […]

  • Petrotechnics’ survey reveals reality of risk in the global hydrocarbon industry
    on 1970-01-01 at 00:00ABERDEEN, Scotland, UK — Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, has released its 2017 Operational Risk and Process Safety Management survey results. Insights from more than 200 senior industry leaders reveal that only 6% believe their companies are fully up-to-date with their scheduled safety-critical maintenance. […]

  • Industry Metrics
    on 1970-01-01 at 00:00US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand. […]

  • North American exodus at PetroChina sparks speculation of company shift
    on 1970-01-01 at 00:00NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region. […]

  • India’s Reliance to boost profit, naphtha exports by using ethane
    on 1970-01-01 at 00:00MUMBAI/SINGAPORE (Reuters) — India’s Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday. […]

Hellenic Shipping News Worldwide – General Energy News

  • India needs to further boost refining capacities to retain fuels self-sufficiency
    by hellenicshippingnews.. on 2017-10-09 at 21:00Indian state-owned refiners will have to add capacity at a much faster rate than in the past to maintain self-sufficiency in transport fuels, according to an oil and gas industry consultancy on Monday. “As the balance of oil demand growth tilts towards India and southeast Asia, these markets will lead in increasing Asia’s refining capacity,” … […]

  • RIL offloads US shale gas assets as falling crude oil prices dent profits
    by hellenicshippingnews.. on 2017-10-09 at 21:00Reliance Industries Ltd (RIL) on Friday agreed to sell the first of its shale gas ventures—upstream Marcellus shale gas assets in northeastern and central Pennsylvania in the US—for $126 million. The assets held by Reliance Marcellus II LLC, a unit of Reliance Holding USA Inc. and Reliance Industries Ltd (RIL), were sold to BKV Chelsea … […]

  • Chevron Achieves First LNG Production at Wheatstone
    by hellenicshippingnews.. on 2017-10-09 at 17:00Chevron Corporation (NYSE:CVX) today announced it has started producing liquefied natural gas (LNG) at the Wheatstone Project in Western Australia. The first cargo is on track to be shipped in the coming weeks. “First LNG production is a significant milestone and is a credit to our partners, contractors and the many thousands of people who … […]

  • U.S. oil refiners’ weekly capacity seen up 279,000 bpd -IIR
    by hellenicshippingnews.. on 2017-10-09 at 17:00U.S. oil refiners are estimated to have 1,213,000 barrels per day (bpd) of capacity offline in the week ending Oct. 13, increasing available refining capacity by 279,000 bpd from the previous week, data from research company IIR showed on Monday. IIR expects offline capacity to decrease to 1,356,000 bpd in the week to Oct. 20. … […]

  • Platts JKM Weekly: Nov LNG at $8.60/MMBtu extends weekly gains on firm demand
    by hellenicshippingnews.. on 2017-10-09 at 09:00The Platts JKM for LNG cargo deliveries in November ended the week at $8.60/MMBtu, up 20 cents/MMBtu on the week and its highest level since January, as steady demand from end-users and traders helped support prices. Portfolio players were reported to be scouring the market to fill short positions in North Asia while demand from … […]

  • Canada expects crude-by-rail boom as pipeline project collapses
    by hellenicshippingnews.. on 2017-10-08 at 21:00TransCanada Corp’s decision this week to scrap its $12 billion Energy East pipeline and delays to other export pipeline projects look set to increase producers’ reliance on costly crude-by-rail to bring barrels to market. Calgary-based TransCanada said on Thursday it will abandon Energy East, which would have taken crude from Alberta to the Atlantic Coast. … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Oil prices rise as OPEC says market is rebalancing
    by hellenicshippingnews.. on 2017-10-10 at 09:00Oil prices edged up on Tuesday as OPEC said there were clear signs the market was rebalancing and as U.S. production remained offline following Hurricane Nate. U.S. West Texas Intermediate (WTI) crude futures <CLc1> were trading at $49.65 per barrel at 0648 GMT, up 7 cents, or 0.1 percent, from their last close. Brent crude … […]

  • OPEC Chief Says Floating Storage Is Shrinking
    by hellenicshippingnews.. on 2017-10-10 at 09:00Crude oil in floating storage is declining, showing that the market is rebalancing, OPEC Secretary-General Mohammad Barkindo said. Crude in tankers has fallen by an estimated 40 million barrels this year, according to a transcript of a speech delivered by Barkindo on Monday. The drop has been helped by the return of backwardation — when … […]

  • Crude oil prices to remain till 2020: IHS Makrit
    by hellenicshippingnews.. on 2017-10-10 at 09:00Crude oil prices are going to remain flat for the coming two years, according to IHS Makrit. Speaking at the India Energy Forum by CERAWeek, Vice-President, Oil Markets, Ravi Narayanaswamy at IHS Markit, said: “The price of crude oil in 2019 is going to be close to 2018 levels.” “We do not expect crude oil … […]

  • Russia’s Rosneft goes big into natural gas
    by hellenicshippingnews.. on 2017-10-10 at 09:00Rosneft has recently inked a number of deals which could facilitate the company’s ambitions to develop international gas trading and export operations, the latest stage in a long-running attempt to become a major gas player and access the lucrative export market. Rosneft initially announced plans for a significant ramp up of gas output in 2013, … […]

  • Dharmendra Pradhan tells OPEC to go for ‘responsible pricing’
    by hellenicshippingnews.. on 2017-10-09 at 21:00Minister of Petroleum and Natural Gas Dharmendra Pradhan recently held a meeting with Organisation of the Petroleum Exporting Countries (OPEC) Secretary General Sanusi Mohammad Barkindo in here and discussed the current scenario of oil and gas industry of the world and exchanged notes on the recent developments. Barkindo is in India to attend the first … […]

  • OPEC secretary general sees clear signs of oil rebalancing, upbeat on demand
    by hellenicshippingnews.. on 2017-10-09 at 21:00The oil market is rebalancing fast and has almost entirely erased the glut of refined products as OPEC sticks to its supply pact, OPEC’s secretary general said on Monday. OPEC’s Mohammad Barkindo also said growth in U.S. shale oil output had slowed compared to the first half of 2017 and growth in global demand may … […]

Oil & Gas Financial Journal

The Barrel

  • Crude storage costs fall as WTI curve flattens: In the LOOP
    by Mary Hogan on 2017-10-10 at 05:01The price of front-month sour crude oil storage at the Louisiana Offshore Oil Port fell 5 cents/b month on month even as imports to the US Gulf Coast increased over the same period to pre-Harvey levels. Matrix Markets hosts, on behalf of LOOP, a monthly auction in which the oil terminal sells the right but […] The post Crude storage costs fall as WTI curve flattens: In the LOOP appeared […]

  • Despite draft Nuclear Safeguards Bill, UK struggles with impending ‘Brexatom’
    by Oliver Adelman on 2017-10-10 at 00:01Despite a draft Nuclear Safeguards Bill that will go some way towards addressing the new licensing requirements for nuclear fuel, equipment and radioactive material after Brexatom – as the UK’s departure from the European Atomic Energy Community has come to be known – the UK is nonetheless struggling to find a successor arrangement to the […] The post Despite draft […]

  • Russia’s Rosneft goes big into natural gas
    by Rosemary Griffin on 2017-10-09 at 05:39Rosneft has recently inked a number of deals which could facilitate the company’s ambitions to develop international gas trading and export operations, the latest stage in a long-running attempt to become a major gas player and access the lucrative export market. Rosneft initially announced plans for a significant ramp up of gas output in 2013, […] The post Russia’s Rosneft […]

  • Vibrant and youthful Philippines emblematic of ASEAN’s energy challenge
    by Paul Bartholomew on 2017-10-06 at 04:01“I used to swim in this bay when I was a kid but there’s nowhere to swim anymore,” the hotel driver said on the way to Manila airport, pointing to the hotels and giant shopping malls that now occupy the Bay City area of the Philippine capital. A population of 12 million people and some […] The post Vibrant and youthful Philippines emblematic of ASEAN’s energy […]

  • US shale gas casts a long shadow over petrochemicals
    by Shashank Shekhar on 2017-10-05 at 15:00Middle Eastern petrochemical companies are known for their lavish hospitality, but at a cocktail party organized by a major Saudi company in Berlin recently, the atmosphere was quite somber. A conversation with one of the hosts on the impact of shale gas went some way to explaining this. “We are worried that the Americans will […] The post US shale gas casts a long shadow over […]

  • Most commodity prices in Trump era weaker — so far — than during Obama’s: Of Presidents and Prices
    by Joseph Innace on 2017-10-04 at 05:01Ten of the 11 average commodity prices tracked by S&P Global Platts since President Donald Trump took office remain weaker than their averages during President Obama’s two terms. Although fundamentals and a range of other factors influence commodity prices, the group of 11 is being monitored by Platts and compared for Trump’s term versus Obama’s. […] The post Most […]

Energy and Capital

  • Fracking Inventor Goes to Mexico
    by Christian DeHaemer on 2017-10-09 at 07:00The guy who invented fracking goes to Mexico to find his fortune, and possibly create fortunes for investors lucky enough to get in on the action… […]

  • Who Has the Cleanest Car?
    by Megan Dailey on 2017-10-07 at 07:00Without this one blockade holding the industry back, could hydrogen fuel cells really be the top choice in clean transportation? […]

  • Is Your Portfolio Prepared for Legal Pot?
    by Keith Kohl on 2017-10-06 at 07:00Energy and Capital editor Keith Kohl asks readers if they’ve prepared their portfolio for a wave of pot profits. […]

  • Electric Vehicle Charger Market to Soar
    by Luke Burgess on 2017-10-05 at 07:00Electric vehicle charging stations are no where near as common as traditional gas stations. But with the electric motor set to replace gas engines, the electric vehicle charger market is positioned to absolutely explode. […]

  • OPEC Decapitated
    by Keith Kohl on 2017-10-04 at 07:00Energy and Capital editor Keith Kohl questions how Saudi Arabia may abandon OPEC for good and whether that would prove to be valuable for investors or not. […]

  • Investing in Nevada Cannabis
    by Jeff Siegel on 2017-10-03 at 07:00The Nevada cannabis market is booming, but Canada is still the most lucrative spot. Energy and Capital editor Jeff Siegel explains why… […]

Energy Business Review – Oil & Gas

Oil & Gas iQ

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines


Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES


09-10-2017


Various PDVSA News

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

World Oil – US Onshore

Various Oil & Gas News

Oilprice.com

  • Saudis Aim To Reach Consensus On Output Deal Before Summit
    by Zainab Calcuttawala on 2017-10-06 at 21:47De facto OPEC leader Saudi Arabia plans to reach a consensus on the future of the bloc’s production limits prior to the deal’s one-year anniversary in November, according to comments by Saudi Foreign Minister Khalid al-Falih on Friday. “I am looking forward to reaching a consensus, working with you in the next few weeks before we have the Nov. 30 meeting,” Falih said to […]

  • Most ‘Competitive’ Oil In The World Befuddles Analysts
    by Nick Cunningham on 2017-10-06 at 21:42U.S. oil exports hit record highs last week, doubling over the course of a week as the Gulf Coast clears out product backed up because of Hurricane Harvey. The high level of crude exports won’t last forever, but there appears to be a little more life left in the export boom. The surge in exports led net import totals to plunge to levels never seen in EIA data dating back to 2001. Over the […]

  • Higher Oil Prices Could Threaten Saudi Vision 2030
    by Irina Slav on 2017-10-06 at 21:31Saudi’s headlines keep rolling in. Saudi Arabia is deepening its ties with Russia, with billions of investments planned for the future. Saudi Arabia is going to allow women to drive. Saudi Arabia booked a second quarterly GDP contraction in a row, with non-oil revenues particularly worrying. Saudi Arabia is also going ahead with the Aramco listing in the second half of 2017, despite reports […]

  • This Unexpected Move Could Derail Mexico’s Oil Boom
    by Tsvetana Paraskova on 2017-10-06 at 21:30Just as Mexico’s oil industry was starting to get off the ground with foreign players entering, Mexico is throwing a wrench in the works with its consideration of new regulations that could turn off private interest for its significant oil reserves. This summer, Mexico’s landmark energy reform—ending decades of Pemex’s monopoly—started to pay off when a consortium […]

  • The Geopolitical Consequences Of U.S. Oil Exports
    by Kent Moors on 2017-10-06 at 21:28Two crucial things happened yesterday. The first you may have noticed – oil prices moved back up. As for the second, most so-called “experts” seemed to have missed. See, the environment we’re seeing in energy markets is very different from what we saw only a week ago, when oil prices were also rising. Because yesterday also saw – for the first time in world history […]

  • Rising Costs Slow The Growth Of Nuclear Power
    by Ag Metal Miner on 2017-10-06 at 21:27We feel like we have been here many times before. The troubled history of Britain’s replacement nuclear power station Hinckley Point C (HPC) will have received scant, if any, coverage in the U.S. But the story is an illustration of the blind alley in which nuclear power finds itself. The debate is one that is being (or will be) enacted in many other countries that rely on nuclear power as […]

  • The Energy War That Erdogan Is Winning
    by OilPrice.com on 2017-10-06 at 21:27The Turkish Republic of Northern Cyprus’ (TRNC) energy sector is one of the least developed sectors in the country. Given the political and economic restrictions TRNC has suffered since 1974 (after the official partition of the island of Cyprus into two entities, with the Greek south internationally recognized, and the de facto north recognised only by Turkey), its economic policies and […]

  • Corbyn Seeks To Renationalize Britain’s Utilities
    by OilPrice.com on 2017-10-06 at 21:26The socialist leader of Britain’s Labor Party, Jeremy Corbyn, wants to renationalize the nation’s electric, gas and water utilities—the same utilities Prime Minister Thatcher sold off to the private sector more than a quarter century ago. A year ago, few would have cared about Mr. Corbyn’s thoughts on the appropriate roles of public versus private ownership of Britain’s utilities. But […]

  • Rosneft Looks To Expand Its South American Portfolio
    by OilPrice.com on 2017-10-06 at 21:23Despite the multiplicity of major and urgent international crises around the globe, Russia still finds time to invest its political resources in Venezuela’s long-running collapse. Indeed, Russian President Vladimir Putin is meeting with his Venezuelan counterpart, Nicolás Maduro, today (October 4), in Moscow, to discuss the two countries’ “strategic partnership” as […]

  • How Vulnerable Is The Electrical Grid?
    by Kurt Cobb on 2017-10-06 at 21:22When the electricity stops in modern civilization, pretty much everything else stops. Not even gasoline-powered vehicles can get far before they are obliged to seek a fill-up—which they cannot get because gas pumps rely on electricity to operate. When I wrote “The storms are only going to get worse” three weeks ago, I thought the world would have to wait quite a while for a storm […]

  • This Solar Cell Transformation Will Make Self-Driving Cars Safer
    by OilPrice.com on 2017-10-06 at 21:22Engineers working to make solar cells more cost effective ended up finding a method for making sonar-like collision avoidance systems in self-driving cars. The twin discoveries started, the researchers say, when they began looking for a solution to a well-known problem in the world of solar cells. “…the huge ramp up in autonomous vehicles and LIDAR suddenly made this 100 times more […]

  • Ghana Joins The Renewable Race
    by OilPrice.com on 2017-10-06 at 21:21Over the past several decades, Ghana has emerged as a potentially highly attractive destination for foreign investment, boasting an abundance of raw materials and proven political stability. However, a chronic shortage of reliable power – coupled with the associated negative business and economic effects – continues to remain a significant obstacle to Ghana’s socio-economic […]

Oil & Gas 360

Economic Times

HydroCarbon Processing Crude-Oil

  • Oil shipments from Georgia’s Batumi port down by 37% this year
    on 1970-01-01 at 00:00TBILISI (Reuters) — Oil and related shipments from Georgia’s Black Sea port of Batumi are down by 36.6 percent in the first nine months of 2017, a senior official at the terminal, operated by Kazakh state firm KazMunaiGas, said on Friday. […]

  • Vitol CEO sees oil industry shrinking
    on 1970-01-01 at 00:00LONDON (Reuters) — The world’s largest oil trader Vitol expects the oil industry to shrink given the quickening pace of the global shift to electric cars and away from fossil fuels, its chief executive said on Thursday. […]

  • Oil markets cautious as another tropical storm heads for Gulf of Mexico
    on 1970-01-01 at 00:00SINGAPORE (Reuters) — Oil markets opened cautiously in Asia on Friday as traders monitored a tropical storm heading for the Gulf of Mexico and as China remained closed for a week-long public holiday. […]

  • Oil rises as talk of new OPEC deal trumps record US exports
    on 1970-01-01 at 00:00LONDON (Reuters) — Oil prices rose on Thursday as signs Saudi Arabia and Russia would limit production through next year outweighed record US exports and the return of production at a major Libyan oilfield. […]

  • Saudi says “flexible” on Russian idea to extend oil cuts to end-2018
    on 1970-01-01 at 00:00MOSCOW (Reuters) — Saudi Arabia made no firm pledge on Thursday to extend a deal between OPEC, Russia and other producers on cutting supplies but said it was “flexible” regarding Moscow’s suggestion to prolong the pact until the end of 2018. […]

  • EIA: US crude stocks fall as exports hit new record
    on 1970-01-01 at 00:00(Reuters) — US crude oil stocks fell sharply last week as crude exports rose to a record high of nearly 2 MMbpd, the Energy Information Administration said on Wednesday. […]

HydroCarbon Processing Natural Gas

  • IEA lifts 5-yr renewables forecast after record 2016
    on 1970-01-01 at 00:00LONDON (Reuters) — The International Energy Agency (IEA) raised its forecasts on Wednesday for renewable energy over the next 5 yr following a record 2016, adding that renewables growth is squeezing natural gas and coal. […]

  • API: US petroleum demand last month highest for August since 2007
    on 1970-01-01 at 00:00WASHINGTON — Total petroleum deliveries in August moved up by 1.3% from August 2016 to average 20.5 MMpbd, a report by the America Petroleum Institute (API) said. These were the highest August deliveries in 10 yr, since 2007. Compared with July, total domestic petroleum deliveries, a measure of US petroleum demand, decreased 0.6%. For year-to-date, total domestic petroleum deliveries moved […]

  • Petrotechnics’ survey reveals reality of risk in the global hydrocarbon industry
    on 1970-01-01 at 00:00ABERDEEN, Scotland, UK — Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, has released its 2017 Operational Risk and Process Safety Management survey results. Insights from more than 200 senior industry leaders reveal that only 6% believe their companies are fully up-to-date with their scheduled safety-critical maintenance. […]

  • Industry Metrics
    on 1970-01-01 at 00:00US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand. […]

  • North American exodus at PetroChina sparks speculation of company shift
    on 1970-01-01 at 00:00NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region. […]

  • India’s Reliance to boost profit, naphtha exports by using ethane
    on 1970-01-01 at 00:00MUMBAI/SINGAPORE (Reuters) — India’s Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday. […]

Hellenic Shipping News Worldwide – General Energy News

  • Platts JKM Weekly: Nov LNG at $8.60/MMBtu extends weekly gains on firm demand
    by hellenicshippingnews.. on 2017-10-09 at 09:00The Platts JKM for LNG cargo deliveries in November ended the week at $8.60/MMBtu, up 20 cents/MMBtu on the week and its highest level since January, as steady demand from end-users and traders helped support prices. Portfolio players were reported to be scouring the market to fill short positions in North Asia while demand from … […]

  • Canada expects crude-by-rail boom as pipeline project collapses
    by hellenicshippingnews.. on 2017-10-08 at 21:00TransCanada Corp’s decision this week to scrap its $12 billion Energy East pipeline and delays to other export pipeline projects look set to increase producers’ reliance on costly crude-by-rail to bring barrels to market. Calgary-based TransCanada said on Thursday it will abandon Energy East, which would have taken crude from Alberta to the Atlantic Coast. … […]

  • Investors from Japan, Middle East show interest in Baltic LNG – Gazprom
    by hellenicshippingnews.. on 2017-10-08 at 21:00Investors from Japan and Middle East have shown interest in Gazprom’s (GAZP.MM) Baltic LNG project, Gazprom Deputy Chief Executive Officer Alexander Medvedev said in an interview to the Rossiya-24 TV channel. Baltic LNG is due to start producing liquefied natural gas in 2022-2023. Gazprom signed a memorandum of understanding on the project with oil major … […]

  • U.S. household spending for gasoline is expected to remain below $2,000 in 2017
    by hellenicshippingnews.. on 2017-10-08 at 21:00The average U.S. household expenditure on gasoline in 2017 is expected to total $1,977, or approximately 2.4% of mean incomes of households, according to projections in EIA’s most recent Short-Term Energy Outlook (STEO). The most recent peak for household gasoline expenditures was $2,715, or 4.0% of household income, in 2008. More recently, average household gasoline … […]

  • Speculators cut U.S. natgas net longs for 2nd week in a row -CFTC
    by hellenicshippingnews.. on 2017-10-08 at 21:00U.S. natural gas speculators cut their net long positions for a second week in a row on less cold winter forecasts and an increase in production to record levels. Speculators in four major New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE) markets reduced their bullish bets by 28,839 contracts to 225,886 in the week … […]

  • US shale gas casts a long shadow over petrochemicals
    by hellenicshippingnews.. on 2017-10-08 at 21:00Middle Eastern petrochemical companies are known for their lavish hospitality, but at a cocktail party organized by a major Saudi company in Berlin recently, the atmosphere was quite somber. A conversation with one of the hosts on the impact of shale gas went some way to explaining this. “We are worried that the Americans will … […]

Hellenic Shipping News Worldwide – Oil & Companies News

Oil & Gas Financial Journal

  • Carrizo Oil & Gas agrees to sell Marcellus Shale assets
    on 2017-10-06 at 17:15On October 5, 2017, Carrizo Oil & Gas Inc. entered into an agreement to sell its assets in the Marcellus Shale to a subsidiary of Kalnin Ventures LLC for $84 million in cash, subject to customary closing terms and conditions. […]

  • Ensco completes acquisition of Atwood Oceanics
    on 2017-10-06 at 17:06[…]

  • ConocoPhillips appoints Devine to board
    on 2017-10-06 at 16:59ConocoPhillips has elected Caroline Maury Devine to serve as a board member.&nbs […]

  • Jonah Energy closes $600M senior notes offering
    on 2017-10-06 at 16:52Jonah Energy LLC and Jonah Energy Finance Corp., a subsidiary of Jonah Energy, closed an upsized offering of $600 million of 7.25% senior unsecured notes due 2025.&nbs […]

  • Quorum launches myQuorum Design Studio
    on 2017-10-06 at 14:19Quorum has launched the myQuorum Design Studio. Design Studio extends Quorum’s persona-based platform, called myQuorum, with a workbench and software development kit that enables users to design and deliver tailored, Modern Energy Workplace solutions for the myQuorum platform. […]

  • LINN to sell Washakie properties for $200M, increases share repurchase authorization
    on 2017-10-05 at 20:24LINN Energy has signed a definitive agreement to sell its interest in properties located in Wyoming to an undisclosed buyer. The board has also authorized an increase in the previously announced share repurchase program to a total of $400 million of the company’s outstanding shares of Class A common stock. […]

The Barrel

  • Russia’s Rosneft goes big into natural gas
    by Rosemary Griffin on 2017-10-09 at 05:39Rosneft has recently inked a number of deals which could facilitate the company’s ambitions to develop international gas trading and export operations, the latest stage in a long-running attempt to become a major gas player and access the lucrative export market. Rosneft initially announced plans for a significant ramp up of gas output in 2013, […] The post Russia’s Rosneft […]

  • Vibrant and youthful Philippines emblematic of ASEAN’s energy challenge
    by Paul Bartholomew on 2017-10-06 at 04:01“I used to swim in this bay when I was a kid but there’s nowhere to swim anymore,” the hotel driver said on the way to Manila airport, pointing to the hotels and giant shopping malls that now occupy the Bay City area of the Philippine capital. A population of 12 million people and some […] The post Vibrant and youthful Philippines emblematic of ASEAN’s energy […]

  • US shale gas casts a long shadow over petrochemicals
    by Shashank Shekhar on 2017-10-05 at 15:00Middle Eastern petrochemical companies are known for their lavish hospitality, but at a cocktail party organized by a major Saudi company in Berlin recently, the atmosphere was quite somber. A conversation with one of the hosts on the impact of shale gas went some way to explaining this. “We are worried that the Americans will […] The post US shale gas casts a long shadow over […]

  • Most commodity prices in Trump era weaker — so far — than during Obama’s: Of Presidents and Prices
    by Joseph Innace on 2017-10-04 at 05:01Ten of the 11 average commodity prices tracked by S&P Global Platts since President Donald Trump took office remain weaker than their averages during President Obama’s two terms. Although fundamentals and a range of other factors influence commodity prices, the group of 11 is being monitored by Platts and compared for Trump’s term versus Obama’s. […] The post Most […]

  • Middle East oil producers shrug off the threat from US exports in Asian market
    by Herman Wang on 2017-10-03 at 10:00With Asia the demand battleground in the oil market, last week’s S&P Global Platts APPEC conference in Singapore provided an opportunity for producers to put their best foot forward before an audience of refiners and traders increasingly spoilt for supply choice. Representatives from the region’s traditional major suppliers in the Middle East, to a man, […] The post Middle […]

  • USGC sour crude margins ease as imports resume following Harvey: In the LOOP
    by Mary Hogan on 2017-10-03 at 05:01US Gulf Coast refining margins for medium and heavy sour crude oil grades have fallen back to levels more closely resembling pre-Harvey values in the month since the storm’s departure. After Hurricane Harvey made landfall on August 25, refining margins soared on limited supply as port restrictions limited sour crude imports into the US Gulf […] The post USGC sour crude margins ease […]

Energy and Capital

  • Is Your Portfolio Prepared for Legal Pot?
    by Keith Kohl on 2017-10-06 at 07:00Energy and Capital editor Keith Kohl asks readers if they’ve prepared their portfolio for a wave of pot profits. […]

  • Electric Vehicle Charger Market to Soar
    by Luke Burgess on 2017-10-05 at 07:00Electric vehicle charging stations are no where near as common as traditional gas stations. But with the electric motor set to replace gas engines, the electric vehicle charger market is positioned to absolutely explode. […]

  • OPEC Decapitated
    by Keith Kohl on 2017-10-04 at 07:00Energy and Capital editor Keith Kohl questions how Saudi Arabia may abandon OPEC for good and whether that would prove to be valuable for investors or not. […]

  • Investing in Nevada Cannabis
    by Jeff Siegel on 2017-10-03 at 07:00The Nevada cannabis market is booming, but Canada is still the most lucrative spot. Energy and Capital editor Jeff Siegel explains why… […]

  • Gold Fools
    by Christian DeHaemer on 2017-10-02 at 07:00The banksters are at it again. Energy and Capital editor Christian DeHaemer reveals the gold scam and what you can do to protect yourself from it… […]

  • We Could Be Running on Hydrogen Fuel Cells, But…
    by Megan Dailey on 2017-10-01 at 07:00What’s the deal with hydrogen energy? Energy and Capital editor Megan Dailey explains what these fuel cells do and why there aren’t more of them around today. […]

Energy Business Review – Oil & Gas

Oil & Gas iQ

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines


Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES


06-10-2017


Various PDVSA News

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • BLM may consider amending greater sage grouse conservation plans
    on 2017-10-05 at 20:53The US Bureau of Land Management intends to consider amending some, all, or none of its 2015 land use conservation plans to protect the greater sage grouse, the US Department of the Interior agency reported in an Oct. 5 notice of intent. Comments will be accepted for 45 days following the notice’s publication in the Federal Register, which BLM anticipates soon. […]

  • Targa Resources creates joint venture in Grand Prix NGL pipeline
    on 2017-10-05 at 20:39Targa Resources Corp. reported that it will sell 25% joint venture interest in its previously announced Grand Prix natural gas liquids pipeline to funds managed by Blackstone Energy Partners. Once the deal is completed, Grand Prix will be a 300,000-b/d common-carrier NGL pipeline from the Permian basin to Mont Belvieu, Tex., with expansion capability to 550,000 b/d. […]

  • BSEE: About 15% of US gulf oil output shut ahead of Nate
    on 2017-10-05 at 19:58Some operators in the US Gulf of Mexico are evacuating offshore facilities in preparation for the arrival of Tropical Storm Nate, which is expected to advance northward and move over the central gulf this weekend while possibly strengthening into a hurricane. […]

  • ExxonMobil logs Turbot as fifth discovery off Guyana
    on 2017-10-05 at 19:45With an additional well already planned for 2018, ExxonMobil Corp. has completed its Turbot-1 well in the southeastern portion of the Stabroek block, about 30 miles southeast of the Liza Phase 1 project. The Stena Carron, which spudded Turbot-1 on Aug. 14, is moving to the Ranger prospect. […]

  • Saudi-Russia warming yields collaboration
    on 2017-10-05 at 17:40JSC Gazprom Neft and Saudi Aramco signed a memorandum of cooperation on oil and gas as Saudi King Salman met with Russian President Vladimir Putin during a 3-day visit signaling a warming of relations between the world’s two top producers of crude oil. […]

  • German, Egyptian companies to partner with Pemex
    on 2017-10-05 at 17:19Deutsche Erdoel AG (DEA) of Germany has acquired a 50% license share and operatorship of onshore Ogarrio oil field in southern Mexico’s Tabasco state 197 km west of Villahermosa. […]

World Oil – US Onshore

Various Oil & Gas News

Oilprice.com

  • 5 Top Picks In The Age Of Lithium
    by Joao Peixe on 2017-10-06 at 02:02If the twentieth century was the age of oil, will the twenty-first prove to be the era of lithium? It is certainly shaping up to be. The lithium market is one of the fastest-growing commodity markets in the world. Battery markets are set to become a $120 billion over the next two years, fueled by the immense new demand for electric vehicles (EV) and battery-powered technology. Industry leader, […]

  • Gazprom Neft Hit Hard From OPEC Production Cut
    by Zainab Calcuttawala on 2017-10-05 at 21:59Gazprom Neft’s total oil production for 2017 will be lower than it was in 2016, according to an announcement by CEO Alexander Dyukov on Thursday. A new Reuters report also says Dyukov maintains that Gazprom’s production strategy has supported the international agreement to lower oil output and rebalance global markets on the supply side. In concert with the Organization of Petroleum […]

  • Gazprom Neft Announces New Hydrocarbon Discovery In Western Pacific
    by Zainab Calcuttawala on 2017-10-05 at 21:55Gazprom Neft has found a new hydrocarbon field on the continental shelf of the Okhotsk Sea in the Pacific Ocean, according to a report by World Oil. Early estimates say the field could hold up to 255 million tons of oil equivalent hydrocarbons, but further details will be published in a report due mid-2018. “The development of Gazprom Neft’s offshore assets remains […]

  • The Permian Boom Is Coming To An End
    by Nick Cunningham on 2017-10-05 at 21:45The pressure on shale drillers to throttle back on their aggressive drilling continues to crop up in new places, and there are growing signs that the Permian is slowing down. Shale companies spent just $5 billion on land deals in West Texas in the last six months, a fraction of the $35 billion spent in the prior nine-month period, according to the Houston Chronicle, citing Wood Mackenzie data. […]

  • U.S. To Lift Sudan Sanctions, Re-Open Path For Oil Exports
    by Zainab Calcuttawala on 2017-10-05 at 21:39Sudan’s oil and gas sector will re-enter the international fold in coming weeks as the United States plans to end an embargo against the country related to its human rights abuses and counterterrorism strategy, according to emerging reports. The Trump administration will follow through on a promise made by former President Barack Obama to lift the penalties against Sudan. A formal […]

  • Tax Breaks Make $50 Oil Profitable In The U.S.
    by Tsvetana Paraskova on 2017-10-05 at 21:36While the U.S. administration is pushing for a tax code overhaul and supports American “energy dominance”, an environmental group suggests in a new study that at the current oil prices of $50, the development of U.S. oil resources may be much more dependent on tax deductions and provisions than previously thought. The study, conducted by researchers at the Stockholm Environment […]

  • Venezuela And Russia Team Up To Tackle The Petrodollar
    by OilPrice.com on 2017-10-05 at 21:31Three weeks after the U.S. imposed financial sanctions on Venezuela in an effort to cripple its economy and choke the Maduro regime, which in turn prompted Caracas to announce it would no longer receive or send payments in dollars, Venezuela’s president Nicolas Maduro proposed to expand his own personal blockade of the U.S., by proposing that all oil producing countries discuss creating […]

  • Aramco CEO Rejects Russia LNG Project Investment Report
    by Irina Slav on 2017-10-05 at 21:01Saudi Aramco has no plans at this point to invest in Arctic LNG 2, Russian Novatek’s second LNG project, the Saudi company’s chief executive Amin Nasser told media. He was in Moscow as part of a delegation led by King Salman—the first visit of a reigning Saudi monarch to Russia and a clear signal of the deepening ties between the two oil market rivals. “We are not […]

  • Russia To Become A Leader In Energy Storage
    by Tsvetana Paraskova on 2017-10-05 at 20:58Here’s a fun fact about Russia: it gets a fifth of its energy from hydropower. This might sound shocking for a country whose image is so tightly linked to oil and gas, but Russia has a lot of big rivers and it’s putting them to good use. Now, Moscow is moving into other renewables and, more interestingly, energy storage as well. Energy Minister Alexander Novak said earlier this week […]

  • Why Russia Is Playing All Sides In The Middle East
    by OilPrice.com on 2017-10-05 at 18:56With the Trump administration lately focused mostly on domestic policy – even as Mueller’s ongoing Russian probe continues to hang over Trump’s head – U.S. power and influence in the Middle East has found itself in retreat, a continuation of unsuccessful and/or failed policies implemented by the Obama administration, resulting in a power vacuum that has to be filled, and one country has […]

  • IMF Warns Saudis Not To Rush Reforms To Offset Low Oil Prices
    by Tsvetana Paraskova on 2017-10-05 at 18:48The International Monetary Fund (IMF) praised on Thursday Saudi Arabia’s efforts to implement reforms aimed at countering the effects of low oil prices, but warned Riyadh not to rush reforms and price hikes because doing so would hurt economic growth. “Given the large drop in oil prices and the expectation that they will not increase significantly over the medium term, fiscal […]

  • Iran, Iraq, And Turkey Unite To Block Kurdish Oil Exports
    by Zainab Calcuttawala on 2017-10-05 at 18:45Iraq, Iran, and Turkey are taking a unified stance against Kurdistan’s oil sector after the region elected to seek independence from Baghdad in a referendum in September, according to a new report by Rudaw. “In the case of northern Iraq, Iran, Iraq and Turkey will form a tripartite mechanism and will decide on shutting down the oil,” Turkish President Recep Tayyip Erdogan […]

Oil & Gas 360

Economic Times

HydroCarbon Processing Crude-Oil

  • Oil rises as talk of new OPEC deal trumps record US exports
    on 1970-01-01 at 00:00LONDON (Reuters) — Oil prices rose on Thursday as signs Saudi Arabia and Russia would limit production through next year outweighed record US exports and the return of production at a major Libyan oilfield. […]

  • Saudi says “flexible” on Russian idea to extend oil cuts to end-2018
    on 1970-01-01 at 00:00MOSCOW (Reuters) — Saudi Arabia made no firm pledge on Thursday to extend a deal between OPEC, Russia and other producers on cutting supplies but said it was “flexible” regarding Moscow’s suggestion to prolong the pact until the end of 2018. […]

  • EIA: US crude stocks fall as exports hit new record
    on 1970-01-01 at 00:00(Reuters) — US crude oil stocks fell sharply last week as crude exports rose to a record high of nearly 2 MMbpd, the Energy Information Administration said on Wednesday. […]

  • NuStar reopening St. Eustatius terminal after 30-day closure
    on 1970-01-01 at 00:00HOUSTON (Reuters) — US firm NuStar Energy this week began reopening its 13-MMbbl Statia oil terminal on the Caribbean island of St. Eustatius, a month after it was closed ahead of Hurricane Irma, a company official told Reuters. […]

  • TransCanada abandons $12-B pipeline project after green push
    on 1970-01-01 at 00:00CALGARY, Alberta (Reuters) — TransCanada Corp abandoned construction of its Energy East pipeline on Thursday, taking a $798 MM non-cash charge and handing environmental groups a major victory in efforts to hamper Canadian oil development. […]

  • Saudi Aramco plans expansion in India with new unit
    on 1970-01-01 at 00:00NEW DELHI (Reuters) — Oil giant Saudi Aramco will open an Indian subsidiary next week, three sources said, as the top global oil exporter looks to tap rising demand and invest in the world’s third-biggest consumer. […]

HydroCarbon Processing Natural Gas

  • IEA lifts 5-yr renewables forecast after record 2016
    on 1970-01-01 at 00:00LONDON (Reuters) — The International Energy Agency (IEA) raised its forecasts on Wednesday for renewable energy over the next 5 yr following a record 2016, adding that renewables growth is squeezing natural gas and coal. […]

  • API: US petroleum demand last month highest for August since 2007
    on 1970-01-01 at 00:00WASHINGTON — Total petroleum deliveries in August moved up by 1.3% from August 2016 to average 20.5 MMpbd, a report by the America Petroleum Institute (API) said. These were the highest August deliveries in 10 yr, since 2007. Compared with July, total domestic petroleum deliveries, a measure of US petroleum demand, decreased 0.6%. For year-to-date, total domestic petroleum deliveries moved […]

  • Petrotechnics’ survey reveals reality of risk in the global hydrocarbon industry
    on 1970-01-01 at 00:00ABERDEEN, Scotland, UK — Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, has released its 2017 Operational Risk and Process Safety Management survey results. Insights from more than 200 senior industry leaders reveal that only 6% believe their companies are fully up-to-date with their scheduled safety-critical maintenance. […]

  • Industry Metrics
    on 1970-01-01 at 00:00US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand. […]

  • North American exodus at PetroChina sparks speculation of company shift
    on 1970-01-01 at 00:00NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region. […]

  • India’s Reliance to boost profit, naphtha exports by using ethane
    on 1970-01-01 at 00:00MUMBAI/SINGAPORE (Reuters) — India’s Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday. […]

Hellenic Shipping News Worldwide – General Energy News

  • U.S. refiners struggle to keep up with demand for distillates: Kemp
    by hellenicshippingnews.. on 2017-10-06 at 09:00U.S. refiners are struggling to meet the strong demand for heating oil and other distillates despite operations returning to near normal after Hurricane Harvey. Stocks of distillate fuel oil fell by another 2.6 million barrels to 135 million barrels last week, according to the Energy Information Administration. Stocks have declined by 27 million barrels since … […]

  • LNG prices surge as Asia banks on Queensland selling surplus gas at home
    by hellenicshippingnews.. on 2017-10-06 at 09:00Asian LNG spot prices have spiked 35 per cent in the past month as the prospect that Queensland’s LNG ventures will be selling all their surplus gas at home over the next two years bites. Prime Minister Malcolm Turnbull and the three Queensland LNG ventures signed off on Tuesday on a deal that forces them … […]

  • LNG’s Asian price rally may become victim of its own success: Russell
    by hellenicshippingnews.. on 2017-10-05 at 21:00The spot price of liquefied natural gas (LNG) in Asia is enjoying its traditional surge ahead of peak winter demand, and the near 40 percent rally over the past six weeks probably has further to go. While exporters of the super-chilled fuel will no doubt be trying to maximise the number of spot cargoes they … […]

  • Asia Distillates-Gasoil differentials slip as India offers supply
    by hellenicshippingnews.. on 2017-10-05 at 21:00Asian gasoil cash differentials slipped on Thursday as Indian refiners offered spot and term cargoes of the fuel even as the monsoon season has ended, trade sources said. INDIAN OIL OFFERS GASOIL THROUGH TERM: Indian Oil Corp has offered eight cargoes of 14,700 tonnes each of 0.2 percent sulphur gasoil and 1,100 tonnes each of … […]

  • Asia Naphtha/Gasoline-Naphtha crack moves back above $100 per tonne
    by hellenicshippingnews.. on 2017-10-05 at 21:00Asia’s naphtha crack rose back above $100 on Thursday and was at its highest since Sept. 25 in response to strong demand. On Wednesday, it had fallen to nearly a three-week low of $91.18 a tonne. – South Korea’s GS Caltex on Wednesday bought around three cargoes of heavy full-range naphtha for second-half November delivery … […]

  • Tokyo Gas will not accept destination clauses in new LNG contracts – president
    by hellenicshippingnews.. on 2017-10-05 at 21:00Tokyo Gas Co, Japan’s biggest city gas supplier, will not accept new contracts for long-term purchases of liquefied natural gas (LNG) that contain clauses that restrict where the gas can be sold, the company’s president said on Thursday. “We have no intention of signing new contracts unless the destinations are free,” Tokyo Gas President Michiaki … […]

Hellenic Shipping News Worldwide – Oil & Companies News

Oil & Gas Financial Journal

The Barrel

  • Vibrant and youthful Philippines emblematic of ASEAN’s energy challenge
    by Paul Bartholomew on 2017-10-06 at 04:01“I used to swim in this bay when I was a kid but there’s nowhere to swim anymore,” the hotel driver said on the way to Manila airport, pointing to the hotels and giant shopping malls that now occupy the Bay City area of the Philippine capital. A population of 12 million people and some […] The post Vibrant and youthful Philippines emblematic of ASEAN’s energy […]

  • US shale gas casts a long shadow over petrochemicals
    by Shashank Shekhar on 2017-10-05 at 15:00Middle Eastern petrochemical companies are known for their lavish hospitality, but at a cocktail party organized by a major Saudi company in Berlin recently, the atmosphere was quite somber. A conversation with one of the hosts on the impact of shale gas went some way to explaining this. “We are worried that the Americans will […] The post US shale gas casts a long shadow over […]

  • Most commodity prices in Trump era weaker — so far — than during Obama’s: Of Presidents and Prices
    by Joseph Innace on 2017-10-04 at 05:01Ten of the 11 average commodity prices tracked by S&P Global Platts since President Donald Trump took office remain weaker than their averages during President Obama’s two terms. Although fundamentals and a range of other factors influence commodity prices, the group of 11 is being monitored by Platts and compared for Trump’s term versus Obama’s. […] The post Most […]

  • Middle East oil producers shrug off the threat from US exports in Asian market
    by Herman Wang on 2017-10-03 at 10:00With Asia the demand battleground in the oil market, last week’s S&P Global Platts APPEC conference in Singapore provided an opportunity for producers to put their best foot forward before an audience of refiners and traders increasingly spoilt for supply choice. Representatives from the region’s traditional major suppliers in the Middle East, to a man, […] The post Middle […]

  • USGC sour crude margins ease as imports resume following Harvey: In the LOOP
    by Mary Hogan on 2017-10-03 at 05:01US Gulf Coast refining margins for medium and heavy sour crude oil grades have fallen back to levels more closely resembling pre-Harvey values in the month since the storm’s departure. After Hurricane Harvey made landfall on August 25, refining margins soared on limited supply as port restrictions limited sour crude imports into the US Gulf […] The post USGC sour crude margins ease […]

  • Tariffs could come back to haunt US biodiesel industry
    by Wes Swift on 2017-10-02 at 17:34The US biodiesel industry just can’t seem to catch a break. Already plagued by poor blending economics – despite recent improvements brought on by rising ULSD costs – that have stymied the market, the industry now faces a possible drop in demand thanks to the feds. The US biodiesel industry in August scored a victory […] The post Tariffs could come back to haunt US […]

Energy and Capital

  • Electric Vehicle Charger Market to Soar
    by Luke Burgess on 2017-10-05 at 07:00Electric vehicle charging stations are no where near as common as traditional gas stations. But with the electric motor set to replace gas engines, the electric vehicle charger market is positioned to absolutely explode. […]

  • OPEC Decapitated
    by Keith Kohl on 2017-10-04 at 07:00Energy and Capital editor Keith Kohl questions how Saudi Arabia may abandon OPEC for good and whether that would prove to be valuable for investors or not. […]

  • Investing in Nevada Cannabis
    by Jeff Siegel on 2017-10-03 at 07:00The Nevada cannabis market is booming, but Canada is still the most lucrative spot. Energy and Capital editor Jeff Siegel explains why… […]

  • Gold Fools
    by Christian DeHaemer on 2017-10-02 at 07:00The banksters are at it again. Energy and Capital editor Christian DeHaemer reveals the gold scam and what you can do to protect yourself from it… […]

  • We Could Be Running on Hydrogen Fuel Cells, But…
    by Megan Dailey on 2017-10-01 at 07:00What’s the deal with hydrogen energy? Energy and Capital editor Megan Dailey explains what these fuel cells do and why there aren’t more of them around today. […]

  • Natural Gas Outlook: 2018 and Beyond
    by Keith Kohl on 2017-09-29 at 07:00Energy and Capital editor Keith Kohl gives readers his natural gas outlook for 2018 and beyond. […]

Energy Business Review – Oil & Gas

Oil & Gas iQ

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines


Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES


05-10-2017


Various PDVSA News

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • Energy groups ask FERC to move carefully on proposed resiliency rule
    on 2017-10-04 at 20:14Eleven energy associations including the American Petroleum Institute, Interstate Natural Gas Association, and Natural Gas Supply Association petitioned the US Federal Energy Regulatory Commission on Oct. 2 to use a deliberate process as it considers a proposed rulemaking aimed at improving the domestic electricity grid’s reliability and efficiency. […]

  • Anadarko consolidates operational management structure
    on 2017-10-04 at 19:57Anadarko Petroleum Corp., The Woodlands, Tex., is consolidating its management structure following operational changes that have come with $7.5 billion in noncore asset sales since 2015. The moves, which involve existing personnel, are effective immediately. […]

  • Gazprom Neft discovers offshore field in Okhotsk Sea
    on 2017-10-04 at 19:51Pending a detailed assessment in mid-2018, Gazprom Neft has discovered a field that could contain as much as 255 million tonnes of oil equivalent. […]

  • BP to add six LNG tankers to shipping fleet
    on 2017-10-04 at 17:52BP PLC is taking delivery of six new LNG tankers in 2018 and 2019 to support its expanding global LNG portfolio. […]

  • Lukoil unit, NIOC eye collaboration
    on 2017-10-04 at 17:34Lukoil-Engineering, wholly owned subsidiary of Lukoil Oil Co., and National Iranian Oil Co. signed a memorandum of understanding for joint subsurface studies. […]

  • Linn to sell its interest in Wyoming’s Washakie field
    on 2017-10-04 at 17:18Linn Energy Inc., Houston, has agreed to sell its interest in 163,000 net acres in Washakie field of Wyoming to an undisclosed buyer for $200 million in the latest deal of its ongoing divestiture program. […]

World Oil – US Onshore

Various Oil & Gas News

Oilprice.com

  • A Major Change In Lithium Markets Could Happen Soon
    by Charles Kennedy on 2017-10-04 at 22:43The critical countdown to a major lithium supply shortage is on, and the only thing that’s going to feed this demand is technology that can greatly increase production efficiency, much like fracking did for U.S. oil and gas. Electric cars, gigafactories, massive energy storage solutions and tons of consumer electrics mean that the global battery market will hit $120 billion in less than two […]

  • New Form Of Alternate Energy To Power International Horse Show
    by Julianne Geiger on 2017-10-04 at 21:45A Finland utility is expected to use horse manure to power the entire Helsinki International Horse Show later this month, according to a press release from Finnish utility, Fortum. And while the jokes practically write themselves, the headway of this alternative energy is serious business. The entire event will be powered by a manure/wood-based bedding combination—all 135 tonnes that will […]

  • Europe’s Largest Refinery To Shutter For Two Months
    by Damir Kaletovic on 2017-10-04 at 21:38Royal Dutch Shell announced today plans of major maintenance involving 12 units at the Pernis oil refinery in Rotterdam, Netherlands, to be conducted during this month and November, according to its website. The refinery has been partially shut down earlier this year for almost two weeks after a short circuit caused a major fire on July 31st. Pernis refines 400,000 barrels per day […]

  • The Trillion Dollar Market That Stopped Chasing Profits
    by Irina Slav on 2017-10-04 at 21:31Every carmaker worth their salt is developing electric cars. It’s like a virus that’s going around infecting car manufacturing companies. The virus’ name, of course, is Tesla—with observers seeing Elon Musk’s “marketing mastery” as the driving force behind the EV craze. Tesla’s popularity seems to defy logic, or at least the logic that says profit […]

  • Shallow-Water Oil Auctions Fall Flat for Mexico
    by Damir Kaletovic on 2017-10-04 at 21:23More bad news for Mexico’s state-run Pemex as the live auction for its shallow-water Ayin-Batsil oil play in the Gulf of Mexico failed to attract any offers for partnership. This morning, Mexico’s Hydrocarbon Commission (CNH) officially declared the Ayin-Batsil abandoned. Mexico is still hoping to find partners for onshore fields in the coming days. The live auction also offered up […]

  • Venezuela Has Plan B To Sell Its Oil If U.S. Imposes Sanctions
    by Tsvetana Paraskova on 2017-10-04 at 21:17Venezuela has plans A, B, and C, and other alternatives to sell its oil if the United States were to impose oil sanctions, Venezuela’s President Nicolas Maduro said at a Russian energy forum on Wednesday. At the end of August, the U.S. stepped up sanctions on Venezuela, prohibiting dealings in new debt or equity issued by state oil firm Petroleos de Venezuela SA (PDVSA) or the […]

  • Activist Investors Crack Down On Shale CEO Salaries
    by Nick Cunningham on 2017-10-04 at 21:11The growth-at-all-costs model for shale drillers has succeeded in ramping up U.S. oil production, but it hasn’t necessarily led to impressive financials. A group of activist investors are hoping to upend this arrangement by breaking the link between the pace of drilling and CEO pay. Reuters reports that some activists investors are pushing for some fundamental changes to executive […]

  • Who Is Winning The Market Share War In China?
    by Tsvetana Paraskova on 2017-10-04 at 21:06The pace of China’s crude oil imports and demand growth is one of the key pieces of data for the oil market and analysts to gauge global oil demand growth. Alongside India, China is the main driver of demand growth, making it a coveted destination for the biggest oil producers, especially those from the Middle East. The better part of a year into the OPEC production cuts, China’s […]

  • IEA: “Era Of Expensive Renewables Is Over”
    by Nick Cunningham on 2017-10-04 at 20:52After a record breaking year in 2016 for solar PV, the IEA overhauled its forecast for the next five years, significantly raising the projected growth profile for renewable energy. In its new report, Renewables 2017, the IEA argued that it now sees renewable energy as a serious global force, increasingly taking market share away from coal and natural gas. The Paris-based energy agency cited 2016 […]

  • IEA Head Sees Oil Prices Subdued On Non-OPEC Supply Growth
    by Tsvetana Paraskova on 2017-10-04 at 20:29Non-OPEC producers not part of the production cut deal continue to raise crude oil supply, which would continue to cap oil prices in the near future, the executive director of the International Energy Agency (IEA), Fatih Birol told Reuters on Wednesday. “The production growth from non-OPEC countries is still there so I do not expect a price rise in the near future,” Birol said. Since […]

  • China’s Oil Demand Is Far Ahead Of Last Year’s Pace
    by Robert Rapier on 2017-10-04 at 18:52OPEC recently released its Monthly Oil Market Report which covers the global oil supply and demand picture through July. OPEC crude oil production decreased by 79,000 BPD in August to average 32.8 million BPD. This marks the first OPEC production decline since April and was primarily driven by sizable outages in Libya. The cartel revised global oil demand growth for 2017 upward by […]

  • Can Mali Maintain Its Gold Mining Status?
    by Joao Peixe on 2017-10-04 at 18:51Mali’s gold exports are falling, and new discoveries aren’t enough to make up for the loss of its giant legacy mines, where production is already dead or winding down, and the fate of one of the biggest of them all—Sadiola—now hangs in the balance. The world-class Sadiola gold mine needs an investment of $380 million to keep it open for another 10 years, accessing 3.4 […]

Oil & Gas 360

Economic Times

HydroCarbon Processing Crude-Oil

HydroCarbon Processing Natural Gas

  • IEA lifts 5-yr renewables forecast after record 2016
    on 1970-01-01 at 00:00LONDON (Reuters) — The International Energy Agency (IEA) raised its forecasts on Wednesday for renewable energy over the next 5 yr following a record 2016, adding that renewables growth is squeezing natural gas and coal. […]

  • API: US petroleum demand last month highest for August since 2007
    on 1970-01-01 at 00:00WASHINGTON — Total petroleum deliveries in August moved up by 1.3% from August 2016 to average 20.5 MMpbd, a report by the America Petroleum Institute (API) said. These were the highest August deliveries in 10 yr, since 2007. Compared with July, total domestic petroleum deliveries, a measure of US petroleum demand, decreased 0.6%. For year-to-date, total domestic petroleum deliveries moved […]

  • Petrotechnics’ survey reveals reality of risk in the global hydrocarbon industry
    on 1970-01-01 at 00:00ABERDEEN, Scotland, UK — Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, has released its 2017 Operational Risk and Process Safety Management survey results. Insights from more than 200 senior industry leaders reveal that only 6% believe their companies are fully up-to-date with their scheduled safety-critical maintenance. […]

  • Industry Metrics
    on 1970-01-01 at 00:00US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand. […]

  • North American exodus at PetroChina sparks speculation of company shift
    on 1970-01-01 at 00:00NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region. […]

  • India’s Reliance to boost profit, naphtha exports by using ethane
    on 1970-01-01 at 00:00MUMBAI/SINGAPORE (Reuters) — India’s Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday. […]

Hellenic Shipping News Worldwide – General Energy News

  • Shell plans “major maintenance” at Europe’s largest oil refinery
    by hellenicshippingnews.. on 2017-10-04 at 21:00Royal Dutch Shell plans major maintenance involving 12 units at its 404,000 barrels-per-day (bpd) Pernis oil refinery in the Netherlands, the company said on the refinery website. The maintenance is taking place in October and November, Shell said, without specifying the units involved. The planned shutdown comes after Shell was forced to shut down the … […]

  • Transport Minister: Cyprus can become an important energy centre
    by hellenicshippingnews.. on 2017-10-04 at 21:00Cyprus has the potential to be developed into an important energy centre in the Mediterranean, Minister of Transport, Communications and Works Marios Demetriades pointed out on Tuesday. Addressing the first session of the International Advisory Committee for the establishment of the Faculty of Marine Science and Technology at the University of Cyprus, Demetriades said “the … […]

  • Asia Distillates-Low-sulphur diesel differential gains on tight supply
    by hellenicshippingnews.. on 2017-10-04 at 21:00The low-sulphur diesel cash differential rose on Wednesday on the back of tight supply of the fuel in the region, trade sources said. – DIESEL SHIPPED TO ARGENTINA: Oil trader Trafigura has provisionally the Grand Ace 5 to ship ultra-low sulphur diesel from Bahrain to Argentina, shipping fixtures showed. It is unusual that diesel will … […]

  • The Intrinsic Value Of Gazprom
    by hellenicshippingnews.. on 2017-10-04 at 21:00Gazprom is a Russian based global energy company whose integrated operations include exploration, production, transportation, storage, processing and sale of gas and oil. The company is also engaged in the sale of vehicle fuel and the generation and marketing of both heat and electric power. Gazprom is amongst the top four oil producers in Russia … […]

  • China raises use of geothermal energy
    by hellenicshippingnews.. on 2017-10-04 at 21:00China plans to raise the annual utilization of geothermal energy to 70 million tonnes of coal equivalent by 2020 as the country seeks to ease reliance on coal and curb pollution. The annual utilization of geothermal energy for heating purposes should reach 40 million tonnes of coal equivalent by 2020, according to a plan formulated … […]

  • U.S. oil refiners’ weekly capacity seen up 551,000 bpd -IIR
    by hellenicshippingnews.. on 2017-10-04 at 17:00U.S. oil refiners are estimated to have 1,116,000 barrels per day (bpd) of capacity offline in the week ending Oct. 6, increasing available refining capacity by 551,000 bpd from the previous week, data from research company IIR showed on Wednesday. Following are IIR weekly figures of capacity offline (in thousands of bpd): Week ended Friday … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Oil steady as talk of new OPEC deal balances U.S. exports
    by hellenicshippingnews.. on 2017-10-05 at 09:00Oil prices steadied on Thursday on expectations that Saudi Arabia and Russia would extend production cuts, although record U.S. exports and the return of supply from a Libyan oilfield dragged on the market. “Oil news is contradictory,” said Carsten Fritsch, analyst at Commerzbank in Frankfurt. “OPEC and Russia are talking about extending production limits, but … […]

  • Saudi Aramco Raises November Light Grade Crude Pricing for Asia
    by hellenicshippingnews.. on 2017-10-05 at 09:00Saudi Arabia, the world’s largest crude exporter, raised pricing for November sales of its light oil grades to Asia for a third consecutive month as the biggest OPEC member cuts shipments to clear a global glut. State-owned Saudi Arabian Oil Co., known as Saudi Aramco, lifted its official pricing for Arab Light crude to buyers … […]

  • North Sea oil market waves red flag at Brent bulls
    by hellenicshippingnews.. on 2017-10-05 at 09:00A recovery in U.S. crude exports and falling European refining margins have sent prices of North Sea barrels tumbling, which may encourage traders to keep oil in storage and could undermine OPEC’s efforts to drain inventories. The Organization of the Petroleum Exporting Countries, Russia and 10 other producers agreed to cut output by about 1.8 … […]

  • UBS Says Giving Up on Oil Pact ‘Not an Option’ for Saudi, Russia
    by hellenicshippingnews.. on 2017-10-05 at 09:00OPEC and its partners, including Russia, need to extend their oil-production cuts for at least three more months to keep crude prices at current levels, according to UBS Group AG. “Just out of necessity they will stick together,” Dominic Schnider, head of commodities and Asia-Pacific currencies at UBS’s wealth-management unit in Hong Kong, said in … […]

  • Putin Says Oil Pact With OPEC May Be Extended to End of 2018
    by hellenicshippingnews.. on 2017-10-04 at 21:00President Vladimir Putin said Russia is open to extending a deal with OPEC to curb oil supplies to the end of 2018, though he’ll wait to make a decision until nearer the expiry of the existing pact in March. The comments are the strongest signal yet that the Kremlin is willing to redouble efforts to … […]

  • No pressure on Iran to join OPEC output cuts: Zanganeh
    by hellenicshippingnews.. on 2017-10-04 at 21:00Nearly a year into the production-cut deal that brought together major OPEC and non-OPEC oil producers, Iranian oil minister Bijan Zangeneh said there was no pressure on Iran to join the cuts. “No [there is no pressure]. We are complying with our commitment very well. We have more than 100% average compliance,” Zanganeh told reporters … […]

Oil & Gas Financial Journal

The Barrel

  • Most commodity prices in Trump era weaker — so far — than during Obama’s: Of Presidents and Prices
    by Joseph Innace on 2017-10-04 at 05:01Ten of the 11 average commodity prices tracked by S&P Global Platts since President Donald Trump took office remain weaker than their averages during President Obama’s two terms. Although fundamentals and a range of other factors influence commodity prices, the group of 11 is being monitored by Platts and compared for Trump’s term versus Obama’s. […] The post Most […]

  • Middle East oil producers shrug off the threat from US exports in Asian market
    by Herman Wang on 2017-10-03 at 10:00With Asia the demand battleground in the oil market, last week’s S&P Global Platts APPEC conference in Singapore provided an opportunity for producers to put their best foot forward before an audience of refiners and traders increasingly spoilt for supply choice. Representatives from the region’s traditional major suppliers in the Middle East, to a man, […] The post Middle […]

  • USGC sour crude margins ease as imports resume following Harvey: In the LOOP
    by Mary Hogan on 2017-10-03 at 05:01US Gulf Coast refining margins for medium and heavy sour crude oil grades have fallen back to levels more closely resembling pre-Harvey values in the month since the storm’s departure. After Hurricane Harvey made landfall on August 25, refining margins soared on limited supply as port restrictions limited sour crude imports into the US Gulf […] The post USGC sour crude margins ease […]

  • Tariffs could come back to haunt US biodiesel industry
    by Wes Swift on 2017-10-02 at 17:34The US biodiesel industry just can’t seem to catch a break. Already plagued by poor blending economics – despite recent improvements brought on by rising ULSD costs – that have stymied the market, the industry now faces a possible drop in demand thanks to the feds. The US biodiesel industry in August scored a victory […] The post Tariffs could come back to haunt US […]

  • Permian pipelines key to production growth: Fuel for Thought
    by Ashok Dutta on 2017-10-02 at 04:01When Willie Chiang, chief executive officer of Plains All American, rose to address an audience at the Houston Petroleum Club in mid-September, his message was clear: crude production from the Permian Basin will continue to grow and timing will be a critical factor to build pipelines. Delays will result in widening of price discounts for […] The post Permian pipelines key to production […]

  • Know thy supply chain — because modern slavery is distorting global markets
    by Joseph Innace on 2017-09-29 at 05:01President Donald Trump’s “Rocket Man” comment at the United Nations September 19 drew all the attention, but lost in the contrails of his speech was a critical matter related to the most basic of human rights — the issue of modern slavery. Energy, mining, materials and commodities companies, in particular, best take heed — according […] The post Know thy […]

Energy and Capital

Energy Business Review – Oil & Gas

Oil & Gas iQ

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines


Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES


04-10-2017


Various PDVSA News

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • Lang to serve as Baker McKenzie’s global head of LNG
    on 2017-10-03 at 20:10David A. Lang has joined Baker McKenzie as a partner and its global head of LNG. […]

  • Shell pulls US staff from Venezuela-Trinidad project
    on 2017-10-03 at 17:54Royal Dutch Shell PLC has removed all American citizens and US green-card holders from its cross-border projects with the governments of Venezuela and Trinidad and Tobago in compliance with recently instituted US sanctions against the Bolivarian Republic. […]

  • Rystad: Global output declines from mature oil fields accelerating
    on 2017-10-03 at 17:21Production from maturing oil fields is declining faster globally due to the fall in capital spending since the oil-price crash, Oslo-based industry research firm Rystad Energy AS observes. […]

  • Scotland to extend frac ban indefinitely
    on 2017-10-03 at 16:27By extending its ban on hydraulic fracturing, the Scottish government “is turning its back on a potential manufacturing and jobs renaissance,” according to an industrial supporter of shale-gas production. […]

  • GIP affiliate to buy Medallion Pipeline for nearly $2 billion
    on 2017-10-03 at 16:13An affiliate of Global Infrastructure Partners (GIP) has agreed to acquire Medallion Gathering & Processing LLC from affiliates of Energy & Minerals Group (EMG) and Laredo Petroleum Inc. for $1.825 billion in cash plus additional consideration. […]

  • MARKET WATCH: Crude oil prices fall on reports of rising OPEC production
    on 2017-10-03 at 15:05Light, sweet crude for November and December each dropped slightly more than $1/bbl Oct. 2 on the New York market. Analysts said prices fell as investors questioned the adherence level of the Organization of Petroleum Exporting Countries to its production-cut targets. […]

World Oil – US Onshore

Various Oil & Gas News

Oilprice.com

  • 5 Must Watch Stocks For Lithium Lovers
    by Meredith Taylor on 2017-10-03 at 22:24Lithium prices have skyrocketed, growing by double-digits every year since 2014, and the only real question right now is, how are we going to produce enough of it. Source: Metalary Prices are being driven by hyper-growth in the electric vehicle (EV) industry, and it’s only just getting started. Thank Tesla, of course, which brought EVs into the mainstream and then flipped the switch on its […]

  • What Really Killed The Oil Price Rally
    by Nick Cunningham on 2017-10-03 at 22:02The oil market gained a lot of momentum in August and September, and Brent flirted with $60 per barrel toward the end of last month. But suddenly, oil prices have pulled back from their recent highs, and could head lower unless some bullish data emerges. The recent rally—unlike other rallies over the past three years—has been underpinned by substantial improvements in the underlying […]

  • The Bearish Backlash In Energy This Fall
    by Irina Slav on 2017-10-03 at 21:59It’s been an exciting summer for fossil fuels and renewables, with natural gas production hitting a year-to-date high, global crude oil stocks finally starting to decline, and demand for solar power installations booming as costs shrink. This fall is also shaping up to be an exciting one, but not necessarily in a positive way for the energy industry—fossil fuel and renewables alike. […]

  • Saudi Compliance To OPEC Deal Comes At A Price
    by Tsvetana Paraskova on 2017-10-03 at 21:37Saudi Arabia is following through with its pledge to stick to the output cuts in the OPEC/non-OPEC deal. The Kingdom is also reducing exports to some buyers, even to its most prized market—Asia.    But this compliance comes at a price—Saudi Arabia has lost market share in Asia, with Russia, Angola and Iraq being the main beneficiaries. At first glance, it may seem odd that […]

  • Oil Prices Under Pressure After API Reports Large Gasoline Build
    by Julianne Geiger on 2017-10-03 at 21:00The American Petroleum Institute (API) reported a draw of 4.079 million barrels in United States crude oil inventories, compared to more modest analyst expectations that inventories would draw only 756,000 barrels for the week ending September 29. Gasoline inventories, on the other hand, delivered a blow with a larger than expected build of 4.19 million barrels for the week ending September 29, […]

  • India Set To Become World’s Fastest Growing Energy Market
    by Zainab Calcuttawala on 2017-10-03 at 20:42Moody’s predicts India will surpass China as the fastest growing energy market in the world by the end of next year, according to a new report by the credit rating agency. “As Chinese economic activity dials back, we expect its refined product demand growth will moderate to 2.5-3 per cent in 2017-18 which is nearly half of higher CAGR of 5 per cent in 2012-16. Still in absolute terms, […]

  • Nigeria’s “Zero Oil Plan”
    by Zainab Calcuttawala on 2017-10-03 at 19:32I recently reported on the development of economic diversification plans among countries in the Gulf Cooperation Council (GCC) as oil demand prepares to reach a climax in 30 years. Nigeria, among other African producers, has begun to adopt the same policy, according to new goals announced by Abuja this week. The National Economic Council (NEC) aims to increase total non-oil government revenues […]

  • Scotland To Permanently Ban Fracking
    by Tsvetana Paraskova on 2017-10-03 at 19:29The Scottish government said on Tuesday that it wants to extend a current moratorium on fracking into a permanent full ban, with a final vote likely taking place at the Scottish Parliament later this year. “I can confirm that the decision of the Scottish Government is that we will not support the development of unconventional oil and gas in Scotland,” Scotland’s Energy Minister […]

  • Brazil Has No Plans To Privatize Petrobras
    by Zainab Calcuttawala on 2017-10-03 at 19:05A senior official in Brazil said there are no current plans to privatize the national oil company to deal with its massive debt, according to a new report by Reuters. Fernando Coelho Filho, the minister of mines and energy, had suggested yesterday that Petrobras could face such a sale in the future, but did not provide a concrete timeline. “We are not dealing with that at this time. We are […]

  • Oil Markets Fear An OPEC Compliance Collapse
    by Tom Kool on 2017-10-03 at 17:39Brent prices have pulled back from its recent high of $58 per barrel, but hope is not lost from the market’s bulls.  (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge) – Natural gas inventories are down significantly compared to 2016 levels, which helps explain the prices around $3/MMBtu compared to prices much lower than that last year. – Inventories are still a bit […]

  • Next Week Could Be A Turning Point For The OPEC Output Deal
    by Tsvetana Paraskova on 2017-10-03 at 16:59OPEC ministers and ministers from other oil producing nations will discuss this week the progress of the production cut deal and a mechanism to monitor crude oil exports, on the sidelines of an energy forum in St. Petersburg, Russian Energy Minister Alexander Novak said on Tuesday. “We will discuss the state of the market and the current situation regarding monitoring and execution of the […]

  • Iraq Aims To Restart Oil Fields Attacked By ISIS
    by Tsvetana Paraskova on 2017-10-03 at 16:48Iraq hopes to restore to production oil fields in the Nineveh area around Mosul over the “next few months”, after rehabilitating the sites that Islamic State militants had set on fire to try to hamper the U.S.-backed offensive on Mosul. Iraq’s oil ministry has ordered the state-held North Oil Company to draft “an urgent plan” for rehabilitating the oil fields in […]

Oil & Gas 360

Business Standard – Commodities | Oil & Gas

Economic Times

HydroCarbon Processing Crude-Oil

  • Buckeye Partners resumes operation at its Yabucoa oil terminal
    on 1970-01-01 at 00:00HOUSTON (Reuters) — Buckeye Partners has resumed full operations at its oil terminal and storage tanks in Puerto Rico two weeks after it closed the facility ahead of Hurricane Maria, the company said on Tuesday. […]

  • India’s Reliance makes first purchase of US crude
    on 1970-01-01 at 00:00NEW DELHI/SINGAPORE (Reuters) — India’s Reliance Industries Ltd has purchased crude oil cargoes from the United States for the first time, drawn by the lower price for US oil versus global benchmarks, three trade sources said on Tuesday. […]

  • Oil exports will be main topic at OPEC, non-OPEC meeting in Moscow
    on 1970-01-01 at 00:00MOSCOW (Reuters) — Oil exports will be in the spotlight at a meeting between OPEC and non-OPEC members in Moscow this week, Russian Energy Minister Alexander Novak said on Tuesday. […]

  • Oil prices fall for a second day on oversupply concerns
    on 1970-01-01 at 00:00TOKYO (Reuters) — Oil fell edged lower on Tuesday, declining for a second day and sapping more strength from a Q3 rally, amid signs that a global glut in crude may not be clearing as quickly as bulls had hoped. […]

  • Laredo to sell Permian pipeline unit stake for $825 MM
    on 1970-01-01 at 00:00(Reuters) — Oil and gas producer Laredo Petroleum said on Monday it would sell its stake in a Permian pipeline unit for $825 MM, lower than some industry estimates and prodding the company’s shares down nearly 8%. […]

  • Canada review of Trans Mountain pipeline flawed, lawyers argue
    on 1970-01-01 at 00:00VANCOUVER/CALGARY, Alberta (Reuters) — Canada failed in its duty to consult First Nations and other groups on the Trans Mountain oil pipeline expansion, and therefore the approval of the $5.9 B project must be overturned, lawyers for project opponents argued at the launch of a judicial review on Monday. […]

HydroCarbon Processing Natural Gas

  • API: US petroleum demand last month highest for August since 2007
    on 1970-01-01 at 00:00WASHINGTON — Total petroleum deliveries in August moved up by 1.3% from August 2016 to average 20.5 MMpbd, a report by the America Petroleum Institute (API) said. These were the highest August deliveries in 10 yr, since 2007. Compared with July, total domestic petroleum deliveries, a measure of US petroleum demand, decreased 0.6%. For year-to-date, total domestic petroleum deliveries moved […]

  • Petrotechnics’ survey reveals reality of risk in the global hydrocarbon industry
    on 1970-01-01 at 00:00ABERDEEN, Scotland, UK — Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, has released its 2017 Operational Risk and Process Safety Management survey results. Insights from more than 200 senior industry leaders reveal that only 6% believe their companies are fully up-to-date with their scheduled safety-critical maintenance. […]

  • Industry Metrics
    on 1970-01-01 at 00:00US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand. […]

  • North American exodus at PetroChina sparks speculation of company shift
    on 1970-01-01 at 00:00NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region. […]

  • India’s Reliance to boost profit, naphtha exports by using ethane
    on 1970-01-01 at 00:00MUMBAI/SINGAPORE (Reuters) — India’s Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday. […]

  • Industry Metrics
    on 1970-01-01 at 00:00High refinery runs contributed to high inventories, pressuring US product markets despite healthy summer driving season demand. […]

Hellenic Shipping News Worldwide – General Energy News

  • Barclays sees U.S. natgas production growing 19 pct in 2018-20
    by hellenicshippingnews.. on 2017-10-04 at 09:00Barclays sees U.S. natural gas prices averaging $3 per million British thermal units (mmBtu) in 2017, $3.19 in 2018, $2.55 and $3.06 in 2019 and 2020 respectively. Sees U.S. natural gas prices averaging $3.03 per mmBtu in Q4, 2017; $3.27 and $3.24 in first and second quarter of 2018 respectively. Estimates U.S. natural gas production … […]

  • Oil Refiners in India Are Giving a Boost to Natural Gas
    by hellenicshippingnews.. on 2017-10-04 at 09:00A push to use more natural gas by the world’s fastest-growing oil guzzler is getting a boost from an unlikely source: the nation’s gasoline and diesel makers. India’s top three state-owned oil refiners are planning to use their gasoline and diesel fuel outlets to sell compressed natural gas for vehicles, increase investments in city-gas distribution … […]

  • Asia Distillates-Gasoil differentials steady as demand emerges
    by hellenicshippingnews.. on 2017-10-03 at 21:00The Asian gasoil cash differentials remained steady on Tuesday as spot demand from South Africa and the United Arab Emirates helped boost sentiment, especially with maintenance in the region curbing supply, traders said. – SOUTH AFRICA SEEKS: South Africa’s PetroSA is seeking 13,500 tonnes of 50ppm sulphur diesel for Nov. 9-11 delivery into Mossel Bay … […]

  • LNG Is Catalyst For Economic Growth To Wider Caribbean – Stakeholder
    by hellenicshippingnews.. on 2017-10-03 at 21:00The introduction of liquefied natural gas (LNG) to Jamaica is being hailed as not just a catalyst for economic growth and environmental sustainability for the island, but the wider Caribbean region. That’s the view of Brannen McElmurray, managing director of New Fortress Energy. “As a clean, affordable and efficient fuel for power generation, natural gas … […]

  • CNOOC project expands oil refinery capacity
    by hellenicshippingnews.. on 2017-10-03 at 21:00China National Offshore Oil Corporation (CNOOC) said its project in Huizhou City, Guangdong Province, has almost doubled its crude refining capacity to 22 million tonnes per year. Test runs of the second phase of the project with an annual capacity of 10 million tonnes have proved successful. Together with the first phase, around 20 million … […]

  • Japan’s Idemitsu sees Q4 crude refining down 11 pct on year
    by hellenicshippingnews.. on 2017-10-03 at 17:00Japan’s No.2 oil refiner by sales, Idemitsu Kosan Co Ltd, on Tuesday said it plans to refine 420,459 barrels per day (6.15 million kilolitres) of crude oil in October-December, down 11 percent from a year earlier, due to scheduled refinery maintenance. The company operates three refineries at Hokkaido, Chiba and Aichi, with a total crude … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Oil prices dip on doubts that recent rally will last
    by hellenicshippingnews.. on 2017-10-04 at 09:00Oil prices fell on Wednesday, pulled down by caution that a rally that lasted for most of the third quarter would not extend through the last three months of the year. U.S. West Texas Intermediate crude futures <CLc1> were at $50.10 per barrel at 0843 GMT, down 32 cents from their last close. They fell … […]

  • With 6% growth, India to surpass China as fastest growing oil market in 2018: Moody’s
    by hellenicshippingnews.. on 2017-10-04 at 09:00On the back of a 6 per cent demand growth, India will surpass China as the fastest-growing Asian market for petroleum products in 2018, says a report. This is possible as Chinese demand growth is seen halving to 2.5-3 per cent in 2017-18 from a higher 6 per cent in 2016-16. Despite the weakening growth … […]

  • ‘The new OPEC bromance’: How Saudi Arabia and Russia are bonding over oil
    by hellenicshippingnews.. on 2017-10-04 at 09:00The world’s biggest oil producers, Russia and Saudi Arabia, have announced a $1 billion fund to invest in energy projects — marking another chapter in the blossoming economic and political partnership between the two countries. The latest deal will see Russia and Saudi Arabia strengthen their cooperation in oil, gas, electricity and renewable energy, Russian … […]

  • Money managers push bullish bets on Brent to record high
    by hellenicshippingnews.. on 2017-10-03 at 21:00Speculators drove their bets on the price of Brent crude oil rising to a record high in the latest week, according to data released on Friday from the InterContinental Exchange. ICE commitment of traders data showed money managers raised their net long holdings of Brent crude futures and options by 43,665 contracts to a record … […]

  • OPEC Oil Output Climbed in September as Libya, Nigeria Recover
    by hellenicshippingnews.. on 2017-10-03 at 21:00OPEC nations pumped slightly more crude in September as Libya’s biggest oil field returned to production. Output from the Organization of Petroleum Exporting Countries was 32.83 million barrels a day in September, a gain of 120,000 barrels a day from August, according to a Bloomberg News survey of analysts, oil companies and ship-tracking data. Production … […]

  • Banks cut oil-price forecasts despite recent rally
    by hellenicshippingnews.. on 2017-10-03 at 21:00Banks cut their oil-price forecasts for a fifth consecutive month despite a recent price rally amid concerns that the oversupply of crude will grow next year. A poll of 15 investment banks surveyed by The Wall Street Journal at the end of September predicted that Brent crude LCOZ7, +0.39% , the international benchmark, will average … […]

Oil & Gas Financial Journal

  • Private equity JVs in the oil and gas sector
    on 2017-10-02 at 19:32This article is presented in three parts, the first of which provides a brief overview of a certain type of drilling joint venture arrangement commonly referred to as “DrillCos.&rdquo […]

  • 1Derrick US M&A weekly update
    on 2017-10-02 at 14:351Derrick gives OGFJ readers a snapshot of oil and gas industry M&A activity for the week of September 25 to September 29. […]

  • Murphy Oil acquires interest in deepwater Brazil blocks
    on 2017-09-29 at 15:37Murphy Oil, through a Brazilian subsidiary, has entered into a farm-in agreement with QGEP to acquire a 20% working interest in blocks offshore Brazil. […]

  • Vanguard Natural Resources hires financial advisor, names new CFO
    on 2017-09-29 at 15:10Vanguard Natural Resources Inc. has outlined changes to the company including the retention of a financial advisor and the appointment of a new CFO. […]

  • Yuma Energy upsizes public offering of common stock
    on 2017-09-29 at 14:36Yuma Energy has upsized and priced an underwritten public offering of its common stock, consisting of 9,600,000 shares of common stock at a public offering price of $1.00 per share for aggregate gross proceeds of $9,600,000. […]

  • Quorum acquires WellEz
    on 2017-09-28 at 15:39Quorum has acquired privately-held WellEz, a cloud-based well lifecycle analytics company for the upstream oil and gas industry.&nbs […]

The Barrel

  • Most commodity prices in Trump era weaker — so far — than during Obama’s: Of Presidents and Prices
    by Joseph Innace on 2017-10-04 at 05:01Ten of the 11 average commodity prices tracked by S&P Global Platts since President Donald Trump took office remain weaker than their averages during President Obama’s two terms. Although fundamentals and a range of other factors influence commodity prices, the group of 11 is being monitored by Platts and compared for Trump’s term versus Obama’s. […] The post Most […]

  • Middle East oil producers shrug off the threat from US exports in Asian market
    by Herman Wang on 2017-10-03 at 10:00With Asia the demand battleground in the oil market, last week’s S&P Global Platts APPEC conference in Singapore provided an opportunity for producers to put their best foot forward before an audience of refiners and traders increasingly spoilt for supply choice. Representatives from the region’s traditional major suppliers in the Middle East, to a man, […] The post Middle […]

  • USGC sour crude margins ease as imports resume following Harvey: In the LOOP
    by Mary Hogan on 2017-10-03 at 05:01US Gulf Coast refining margins for medium and heavy sour crude oil grades have fallen back to levels more closely resembling pre-Harvey values in the month since the storm’s departure. After Hurricane Harvey made landfall on August 25, refining margins soared on limited supply as port restrictions limited sour crude imports into the US Gulf […] The post USGC sour crude margins ease […]

  • Tariffs could come back to haunt US biodiesel industry
    by Wes Swift on 2017-10-02 at 17:34The US biodiesel industry just can’t seem to catch a break. Already plagued by poor blending economics – despite recent improvements brought on by rising ULSD costs – that have stymied the market, the industry now faces a possible drop in demand thanks to the feds. The US biodiesel industry in August scored a victory […] The post Tariffs could come back to haunt US […]

  • Permian pipelines key to production growth: Fuel for Thought
    by Ashok Dutta on 2017-10-02 at 04:01When Willie Chiang, chief executive officer of Plains All American, rose to address an audience at the Houston Petroleum Club in mid-September, his message was clear: crude production from the Permian Basin will continue to grow and timing will be a critical factor to build pipelines. Delays will result in widening of price discounts for […] The post Permian pipelines key to production […]

  • Know thy supply chain — because modern slavery is distorting global markets
    by Joseph Innace on 2017-09-29 at 05:01President Donald Trump’s “Rocket Man” comment at the United Nations September 19 drew all the attention, but lost in the contrails of his speech was a critical matter related to the most basic of human rights — the issue of modern slavery. Energy, mining, materials and commodities companies, in particular, best take heed — according […] The post Know thy […]

Energy and Capital

Energy Business Review – Oil & Gas

Oil & Gas iQ

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines


Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES


03-10-2017


Various PDVSA News

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

World Oil – US Onshore

Various Oil & Gas News

Oilprice.com

  • U.S. Shale Isn’t As Strong As It Appears
    by Nick Cunningham on 2017-10-02 at 21:38The extraordinary cost reductions achieved by North American oil and gas companies have likely reached their limit, and any boost in profitability for much of the U.S. shale and Canadian oil sands industries will have to come from higher oil prices, according to a new report from Moody’s Investors Service. Moody’s studied 37 oil and gas companies in Canada and the U.S., concluding […]

  • This Giant Oil Trader Sees Upside For Oil Prices
    by Tsvetana Paraskova on 2017-10-02 at 21:33More than three years after Bob Dudley said that oil prices would be lower for longer, BP’s chief executive still thinks “a price of $50 a barrel looks like the right number to plan on for the rest of the decade.” The majority of oil executives and industry analysts still believe that $50-$60 oil will continue as the new normal, with U.S. shale supply growing stronger every time […]

  • Drillers Decline Trump’s Marine Sanctuary Offer
    by Irina Slav on 2017-10-02 at 21:17There can hardly be any doubt that President Trump is determined to make good on his campaign promises, which made the energy industry a top priority. After opening up more federal lands to drillers and coal miners, and making public its plans to allow drilling in the Arctic, the Trump administration has begun a review of 11 marine sanctuaries to consider opening them for oil and gas drilling. […]

  • Leading Climate Change Fund Claims Tesla Is Overvalued
    by Zainab Calcuttawala on 2017-10-02 at 19:26A leading climate fund is dropping its support of Tesla after declaring it an overvalued stock, according to a new report. “We don’t see upside,” Thomas Sorensen from the Nordea Global Climate and Environmental Fund, told Bloomberg by phone on Thursday. “What’s needed in cash flow generation to get to the current valuation — we don’t see that […]

  • Russia’s Oil Output Remains Flat At 10.91 Million Bpd
    by Tsvetana Paraskova on 2017-10-02 at 19:20Russia’s crude oil production was flat at 10.91 million bpd in September compared to August—staying at the lowest levels for 2017, as maintenance at some fields affected production, according to data by the Russian Energy Ministry compiled by Reuters. Russia’s August and September oil production level was the lowest since the 10.71 million bpd it produced in August 2016. The […]

  • Shell Restarts Louisiana Refinery After Last Week’s Fire
    by Tsvetana Paraskova on 2017-10-02 at 19:14Royal Dutch Shell restarted over the weekend all but one units of its 227,586-bpd Convent refinery in Louisiana, sources told Reuters on Monday, after the facility was shut down last Tuesday following a fire at a substation. A Shell-owned transformer exploded and caused an electrical fire at a substation near the Convent plant on Tuesday night, St. James Parish Sheriff’s Office told WAFB […]

  • Russia, China To Benefit From U.S. Sanctions On Venezuela
    by Kent Moors on 2017-10-02 at 19:08The White House recently slapped new sanctions on Venezuelan officials, banning them from entering the U.S. That follows past, more general sanctions… As well as rumors that, if true, could end up completely collapsing the South American country – sanctions on Venezuela’s national oil company, PDVSA. See, Venezuela is now on the brink of total collapse, and PDVSA looms large in […]

  • Submerged Turbines Could Replace 10 Nuclear Reactors In Japan
    by Brian Westenhaus on 2017-10-02 at 19:04Okinawa Institute of Science and Technology (OIST) researchers have developed turbines to convert the power of ocean waves into clean, renewable energy. Professor Shintake and the Quantum Wave Microscopy Unit at OIST began by starting a project titled “Sea Horse,” aiming to harness energy from the Kuroshio ocean current that flows from the eastern coast of Taiwan and around the […]

  • Survey Shows Spike In OPEC’s September Oil Production
    by Zainab Calcuttawala on 2017-10-02 at 18:06September figures show that OPEC’s oil production rose in September with Saudi Arabia, Kuwait, and Libya all increased production according to a new Bloomberg survey. Total production from the cartel reached 32.83 million barrels per day, which marks a 120,000 bpd increase from August, the Bloomberg survey found. Libya and Nigeria are both exempt from output cuts agreed on by OPEC last […]

  • China’s EV Market Nearing 2 Percent Penetration
    by OilPrice.com on 2017-10-02 at 17:29The number of passenger vehicles sold in China surged 68 percent in August compared to the same month last year, but the really compelling statistic is the number of electric vehicles that made up the proportion of the 55,000 units sold in the Asian country. According to numbers published Sunday by Clean Technica, the plug-in-vehicle market grew in China to 1.8 percent of total passenger […]

  • Libya’s Sharara Oil Field Closed Again, 230,000 Bpd Output Offline
    by Tsvetana Paraskova on 2017-10-02 at 16:31Less than a month after Libya’s giant oil field Sharara returned to pump oil following a two-week disruption, Sharara closed again on Sunday evening, and more than 230,000 bpd of Libya’s oil production is currently offline again, Reuters reported on Monday, citing an oil source and an engineer at the field.   Libya’s National Oil Corporation (NOC) was “working towards […]

  • ISIS Sets Fire To Oil Wells Near Iraq’s Kirkuk
    by Tsvetana Paraskova on 2017-10-02 at 16:26Islamic State militants set ablaze on Saturday three oil wells near an area still under their control west of the oil city Kirkuk, to try to stop the advance of U.S.-backed Iraqi forces that are driving them out of one of their last positions in Iraq, oil and military officials told Reuters on Monday. The ISIS terrorists have torched the three fields near Hawija, and Iraqi security forces used […]

Oil & Gas 360

Business Standard – Commodities | Oil & Gas

Economic Times

HydroCarbon Processing Crude-Oil

  • Oil prices fall for a second day on oversupply concerns
    on 1970-01-01 at 00:00TOKYO (Reuters) — Oil fell edged lower on Tuesday, declining for a second day and sapping more strength from a Q3 rally, amid signs that a global glut in crude may not be clearing as quickly as bulls had hoped. […]

  • Laredo to sell Permian pipeline unit stake for $825 MM
    on 1970-01-01 at 00:00(Reuters) — Oil and gas producer Laredo Petroleum said on Monday it would sell its stake in a Permian pipeline unit for $825 MM, lower than some industry estimates and prodding the company’s shares down nearly 8%. […]

  • Canada review of Trans Mountain pipeline flawed, lawyers argue
    on 1970-01-01 at 00:00VANCOUVER/CALGARY, Alberta (Reuters) — Canada failed in its duty to consult First Nations and other groups on the Trans Mountain oil pipeline expansion, and therefore the approval of the $5.9 B project must be overturned, lawyers for project opponents argued at the launch of a judicial review on Monday. […]

  • Noble Group expects to sell oil liquids business by end-December
    on 1970-01-01 at 00:00SINGAPORE (Reuters) — Noble Group Ltd (NGL) expects to sell its oil liquids business by the end of December as part of a plan to slim down drastically and focus on its core Asian coal trading business after a crisis-wracked 2 yr. […]

  • API: US petroleum demand last month highest for August since 2007
    on 1970-01-01 at 00:00WASHINGTON — Total petroleum deliveries in August moved up by 1.3% from August 2016 to average 20.5 MMpbd, a report by the America Petroleum Institute (API) said. These were the highest August deliveries in 10 yr, since 2007. Compared with July, total domestic petroleum deliveries, a measure of US petroleum demand, decreased 0.6%. For year-to-date, total domestic petroleum deliveries moved […]

  • S. Korea’s KNOC refreshes Iraqi crude supplies in oil reserves
    on 1970-01-01 at 00:00SEOUL/SINGAPORE (Reuters) — Korea National Oil Corp (KNOC) issued several tenders to buy and sell Iraqi crude from its strategic petroleum reserves (SPR) this week, three industry sources with knowledge of the matter said on Friday. […]

HydroCarbon Processing Natural Gas

  • API: US petroleum demand last month highest for August since 2007
    on 1970-01-01 at 00:00WASHINGTON — Total petroleum deliveries in August moved up by 1.3% from August 2016 to average 20.5 MMpbd, a report by the America Petroleum Institute (API) said. These were the highest August deliveries in 10 yr, since 2007. Compared with July, total domestic petroleum deliveries, a measure of US petroleum demand, decreased 0.6%. For year-to-date, total domestic petroleum deliveries moved […]

  • Petrotechnics’ survey reveals reality of risk in the global hydrocarbon industry
    on 1970-01-01 at 00:00ABERDEEN, Scotland, UK — Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, has released its 2017 Operational Risk and Process Safety Management survey results. Insights from more than 200 senior industry leaders reveal that only 6% believe their companies are fully up-to-date with their scheduled safety-critical maintenance. […]

  • Industry Metrics
    on 1970-01-01 at 00:00US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand. […]

  • North American exodus at PetroChina sparks speculation of company shift
    on 1970-01-01 at 00:00NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region. […]

  • India’s Reliance to boost profit, naphtha exports by using ethane
    on 1970-01-01 at 00:00MUMBAI/SINGAPORE (Reuters) — India’s Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday. […]

  • Industry Metrics
    on 1970-01-01 at 00:00High refinery runs contributed to high inventories, pressuring US product markets despite healthy summer driving season demand. […]

Hellenic Shipping News Worldwide – General Energy News

  • LNG prices regain strength on early winter demand from China
    by hellenicshippingnews.. on 2017-10-03 at 09:00Spot LNG prices surged to levels not seen since January on robust early winter demand from China. Will the market see a repeat of last year’s Q4 rally? Meanwhile, oil traders are expecting hikes in Saudi Aramco’s and Abu Dhabi National Oil Co.’s official selling prices, as well as in Indonesia’s contract prices. In this … […]

  • Asia Distillates-Gasoil cash differential slips but supply still tight
    by hellenicshippingnews.. on 2017-10-02 at 21:00The Asian gasoil cash differential slipped on Monday, but tight supply of the fuel limited losses, especially ahead of several refinery maintenance that is expected to curb supply further, industry sources said. – KOCHI REFINERY: India’s Bharat Petroleum Corp Ltd reduces diesel and gasoline production at its Kochi refinery, two sources close to the matter … […]

  • U.S. federal government energy costs at lowest point since fiscal year 2004
    by hellenicshippingnews.. on 2017-10-02 at 21:00According to the Federal Energy Management Program (FEMP), the total real energy cost for the U.S. federal government to operate its facilities, vehicles, and equipment in fiscal year (FY) 2016 fell to $16.1 billion, the lowest level since FY 2004. Total site-delivered energy consumption by the U.S. federal government fell slightly in FY 2016 to … […]

  • Ukraine’s winter gas in storage rises to 16.4 bcm
    by hellenicshippingnews.. on 2017-10-02 at 21:00Ukraine’s gas in storage had risen to about 16.4 billion cubic metres (bcm) by Oct. 1 in preparation for winter, up 15 percent from a year earlier, gas transport monopoly Ukrtransgaz said on Monday. About 1.6 bcm of gas was added to reserves in the past 30 days, Ukrtransgaz data showed. Ukraine, which previously met its gas … […]

  • Asia Naphtha/Gasoline-Naphtha slips; ENOC, PTT reverse positions
    by hellenicshippingnews.. on 2017-10-02 at 21:00Asia’s naphtha crack slipped from a three-session high to an almost two-week low of $96.53 a tonne as buyers from South Korea, Asia’s top importing region, were away for a week-long holiday starting Monday. But fundamentals were expected to stay strong as crackers are mostly running at high rates and would rely on naphtha as … […]

  • U.S. natgas futures fall nearly 4 pct on lower demand view, higher output
    by hellenicshippingnews.. on 2017-10-02 at 17:00U.S. natural gas futures slid nearly 4 percent on Monday to touch a more than three-week low on forecasts for lower than expected cooling demand over the next couple of weeks amid a steady rise in production. Front-month gas futures for November delivery on the New York Mercantile Exchange fell 11.5 cents, or 3.8 percent, … […]

Hellenic Shipping News Worldwide – Oil & Companies News

Oil & Gas Financial Journal

  • Private equity JVs in the oil and gas sector
    on 2017-10-02 at 19:32This article is presented in three parts, the first of which provides a brief overview of a certain type of drilling joint venture arrangement commonly referred to as “DrillCos.&rdquo […]

  • 1Derrick US M&A weekly update
    on 2017-10-02 at 14:351Derrick gives OGFJ readers a snapshot of oil and gas industry M&A activity for the week of September 25 to September 29. […]

  • Murphy Oil acquires interest in deepwater Brazil blocks
    on 2017-09-29 at 15:37Murphy Oil, through a Brazilian subsidiary, has entered into a farm-in agreement with QGEP to acquire a 20% working interest in blocks offshore Brazil. […]

  • Vanguard Natural Resources hires financial advisor, names new CFO
    on 2017-09-29 at 15:10Vanguard Natural Resources Inc. has outlined changes to the company including the retention of a financial advisor and the appointment of a new CFO. […]

  • Yuma Energy upsizes public offering of common stock
    on 2017-09-29 at 14:36Yuma Energy has upsized and priced an underwritten public offering of its common stock, consisting of 9,600,000 shares of common stock at a public offering price of $1.00 per share for aggregate gross proceeds of $9,600,000. […]

  • Quorum acquires WellEz
    on 2017-09-28 at 15:39Quorum has acquired privately-held WellEz, a cloud-based well lifecycle analytics company for the upstream oil and gas industry.&nbs […]

The Barrel

  • Middle East oil producers shrug off the threat from US exports in Asian market
    by Herman Wang on 2017-10-03 at 10:00With Asia the demand battleground in the oil market, last week’s S&P Global Platts APPEC conference in Singapore provided an opportunity for producers to put their best foot forward before an audience of refiners and traders increasingly spoilt for supply choice. Representatives from the region’s traditional major suppliers in the Middle East, to a man, […] The post Middle […]

  • USGC sour crude margins ease as imports resume following Harvey: In the LOOP
    by Mary Hogan on 2017-10-03 at 05:01US Gulf Coast refining margins for medium and heavy sour grades have fallen back to levels more closely resembling pre-Harvey values in the month since the storm’s departure. After Hurricane Harvey made landfall on August 25, refining margins soared on limited supply as port restrictions limited sour crude imports into the US Gulf Coast. In […] The post USGC sour crude margins ease […]

  • Tariffs could come back to haunt US biodiesel industry
    by Wes Swift on 2017-10-02 at 17:34The US biodiesel industry just can’t seem to catch a break. Already plagued by poor blending economics – despite recent improvements brought on by rising ULSD costs – that have stymied the market, the industry now faces a possible drop in demand thanks to the feds. The US biodiesel industry in August scored a victory […] The post Tariffs could come back to haunt US […]

  • Permian pipelines key to production growth: Fuel for Thought
    by Ashok Dutta on 2017-10-02 at 04:01When Willie Chiang, chief executive officer of Plains All American, rose to address an audience at the Houston Petroleum Club in mid-September, his message was clear: crude production from the Permian Basin will continue to grow and timing will be a critical factor to build pipelines. Delays will result in widening of price discounts for […] The post Permian pipelines key to production […]

  • Know thy supply chain — because modern slavery is distorting global markets
    by Joseph Innace on 2017-09-29 at 05:01President Donald Trump’s “Rocket Man” comment at the United Nations September 19 drew all the attention, but lost in the contrails of his speech was a critical matter related to the most basic of human rights — the issue of modern slavery. Energy, mining, materials and commodities companies, in particular, best take heed — according […] The post Know thy […]

  • Shipping’s sulfur cap conversation moves on from the IMO
    by Jack Jordan on 2017-09-28 at 15:26As the shipping industry continues to assess the likely impact of the International Maritime Organization’s new 0.5% sulfur cap in 2020, the conversation has started to move on to what other organizations can do to enforce it. The IMO decided in October last year to cut the global marine fuel sulfur limit to 0.5% at […] The post Shipping’s sulfur cap conversation moves on from […]

Energy and Capital

Energy Business Review – Oil & Gas

Oil & Gas iQ

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines


Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES


02-10-2017


Various PDVSA News

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • Lebanon completes first offshore bid round, predicts initial discovery in 2019
    on 2017-10-02 at 07:38Lebanese officials will award four offshore blocks by year-end 2017 in the country’s first attempt at developing its domestic oil and gas resources. Lebanon’s path to offshore licensing has been delayed for 4 years but is now coming to fruition. […]

  • EIA: World energy consumption to increase 28% by 2040
    on 2017-10-02 at 07:30World energy consumption is projected to rise to 736 quadrillion btu (quads) in 2040 from 575 quads in 2015, an increase of 28%, according to the latest International Energy Outlook 2017 (IEO2017) from the US Energy Information Administration. […]

  • WoodMac forecasts stable non-OPEC decline rates through 2020
    on 2017-10-02 at 07:28dfdsdfs […]

  • Veresen Midstream commissions Montney gas processing plant
    on 2017-10-02 at 07:25Veresen Midstream LP, a 50-50 venture of Veresen Inc., Calgary, and Kohlberg Kravis Roberts & Co. LP, New York, has started up the first of three natural gas processing plants that will support the Encana Corp.-Mitsubishi Corp. jointly owned Cutbank Ridge Partnership’s (CRP) condensate-focused growth plan in the Montney area of northeastern British Columbia’s Dawson region (OGJ Online, Apr. […]

  • Gazprom Neft plans revamp of Omsk refinery coker
    on 2017-10-02 at 07:09PJSC Gazprom Neft will invest more than 5.2 billion rubles on a project to upgrade and modernize the existing 767,000-tonne/year delayed coking unit (DCU) at its 21.4 million-tpy Omsk refinery in Western Siberia as part of its ongoing modernization program to reduce environmental impacts and improve processing capacities, conversion rates, energy efficiency, and production qualities at the site. […]

  • BPTT’s Juniper will not ease natural gas shortage, NGC president says
    on 2017-10-02 at 07:08BP Trinidad & Tobago LLC’s Juniper field will not ease Trinidad and Tobago’s downstream natural gas shortages, according to the president of the Caribbean twin-island nation’s National Gas Co. Mark Loquan, but it would instead provide relief to Atlantic LNG. […]

World Oil – US Onshore

Various Oil & Gas News

Oilprice.com

  • ExxonMobil Dethroned As Top Energy Company
    by Nick Cunningham on 2017-09-29 at 22:22Gazprom dethroned ExxonMobil as the top energy company in the world, according to the 2017 S&P Global Platts Top 250 Global Energy Company Rankings. The rankings measure the financial performance of energy firms on four key metrics: asset worth, revenues, profits, and return on invested capital. The list only includes companies that have assets greater than $5.5 billion. For 12 years, […]

  • The Next Big Offshore Boom Is About To Happen Here
    by Irina Slav on 2017-09-29 at 22:17Say what you will about offshore oil and gas exploration, but it’s still alive and kicking—high production costs and all. The latest demonstration of the viability of deepwater projects, even in the post-2014 oil industry era, comes from none other than Brazil. On Wednesday, the country’s National Petroleum Agency put 287 oil and gas blocks up for auction, and only 37 found […]

  • Saudis Lead Gulf Movement To Diversify Away From Oil
    by Zainab Calcuttawala on 2017-09-29 at 22:16With the Saudi Aramco initial public offering set to debut on international markets in 2018, the oil world is watching closely as the OPEC leader transforms its economy under Crown Prince Mohammad bin Salman’s Vision 2030 plan. But the KSA isn’t the only Gulf nation gearing up for a radical change in its energy formula. The United Arab Emirates is setting its sights on nuclear power […]

  • Sustainability Or Growth? E&Ps Face A Difficult Decision
    by OilPrice.com on 2017-09-29 at 22:16Only 16 E&Ps are expected to grow production and keep spending within cash flow U.S. unconventional E&Ps often find themselves in a difficult position in the current environment. The environment has long been “grow or die,” with high emphasis placed on companies growing production. Firms that have little growth prospects generally trade at significantly lower multiples. On the […]

  • Abu Dhabi Expands Worldwide Solar Investments
    by OilPrice.com on 2017-09-29 at 22:05In May Abu Dhabi Water and Electricity Authority (ADWEA) closed a project finance agreement for the 1.17-GW Noor Abu Dhabi, a project set to be the largest independent solar plant in the world. The photovoltaic (PV) facility will cost $872m – of which $650m will be debt and $222m equity – and is slated to be operational by the second quarter of 2019. Located in Sweihan, 120 km […]

  • Canada’s Largest Shale Play Is Gaining Momentum
    by OilPrice.com on 2017-09-29 at 22:05The National Energy Board of Canada released a resource assessment today, examining the Duvernay Shale of Alberta. Deposited during the Devonian Period, the Duvernay Shale is located throughout central Alberta, running from Grande Prairie almost to Calgary. Located near, and in some locations directly below the Montney, the Duvernay is part of the larger Western Canadian petroleum system. (Click […]

  • Djibouti Looks To Tap Its Geothermal Potential
    by OilPrice.com on 2017-09-29 at 22:03In July 2017 Djibouti secured $27m in funding from the Kuwait Development Fund for the development of the Gale-Le-Koma geothermal project in the Lake Assal region. The funding deal came on the back of a two-week technical and financial evaluation of the site. According to a statement from the Djibouti Office for Geothermal Energy Development (Office Djiboutien de Développement de l’Energie […]

  • This OPEC Member Just Saw A Major Jump In Oil Revenue
    by OilPrice.com on 2017-09-29 at 21:58In the first quarter of 2017 the value of Gabon’s oil exports rose by 70.9 percent year-on-year to reach $51.30 (€42.90) per barrel compared to $30 (€25.10) per barrel in early 2016. Since then, prices have remained at around $50 (€41.80). As a result, the value of oil exports totaled CFA559bn (€851.6m) in the first quarter of 2017, representing a year-on-year increase […]

  • Bitcoin Becomes Part Of North Korea’s Geopolitical Arsenal
    by Editorial Dept on 2017-09-29 at 21:57Fresh off the news of North Korea claiming that the United States has declared war due to U.S. President Trump’s military positioning and contentious rhetoric, a September 11 report from FireEye has suggested that the DPRK may be mining something other than coal. With tensions at an all-time high, North Korea is looking towards new means of pursuing their economic and defensive […]

  • Majors Race To Gain More Acreage In The Permian
    by OilPrice.com on 2017-09-29 at 21:57Permian acreage positions don’t tell the whole story Companies continue to race into the Permian, jockeying for acreage and buying up increasing positions in the world’s most popular unconventional basin. The Permian is an oil basin that has produced almost a century as a conventional play and now that the shale phenomenon has found the Permian, recent estimates say the Permian rivals […]

  • Will Uber Rise Again?
    by Jon LeSage on 2017-09-29 at 21:49Former Expedia CEO Dara Khosrowshahi is tackling the toughest job of the year: taking the helm at ride-hailing giant Uber as the very existence of the firm is called into question. Uber has seen explosive growth in major cities in the past half-decade, and now one of them has just asked the company to leave. London, considered the most important global market for taxi and livery services, has […]

  • Ice And Drones: The Future Of Wind Energy
    by OilPrice.com on 2017-09-29 at 21:46Parts of the world with incredible wind energy potential have long been inaccessible to wind farms. But with the completion of the first offshore wind farm built to withstand ice-prone conditions, the industry has clearly evolved. When it comes to cold-weather climates, wind farm designers face a variety of concerns, notably the impact of low temperatures on the turbines and the collection of ice […]

Oil & Gas 360

  • Oil & Gas 360 is Adding New Content, More Data: Subscribe Before Oct. 1
    by Oil & Gas 360 on 2017-09-29 at 21:20Since its inception more than seven years ago, Oil & Gas 360® has been a leader in the delivery of energy-related news, analysis, and commentary on an industry we love.  Our goal at Oil & Gas 360 is, and always has been, to interpret the myriad of interactions in the market and consolidate it into a meaningful, insightful, and high-quality[Read More… […]

  • OPEC Influence May Crumble Sooner than Later: Storm Clouds Billowing Over Members
    by Oil & Gas 360 on 2017-09-29 at 21:15Venezuela, Nigeria, Iraq, Iran face strong uncertainty near-term; IPO diluting Saudi loyalty to OPEC Just when OPEC seems to have finally found success in chipping away at a global oil glut with its production cuts helping to rebalance the global oil market and lift prices, the group’s near-term future is anything but certain. Several member countries will likely face challenges[Read More… […]

  • $52 Oil Pushes Up Rig Count
    by Oil & Gas 360 on 2017-09-29 at 21:10Offshore activity highest since July Oil and gas activity increased this week, reversing three weeks of decline, according to the latest Baker Hughes Weekly Rig Count. Five rigs became active this week, meaning there are now 940 rigs operating in the U.S. Gains were split between land and offshore operations, as each added three rigs. One inland waters rig shut[Read More… […]

  • Chevron Announces New Chairman and CEO
    by Oil & Gas 360 on 2017-09-29 at 19:30John Watson steps down after eight years Chevron (ticker: CVX) is changing the guard, and chairman and CEO John Watson will retire on February 1. Source: Forbes Watson has worked at Chevron for 37 years, and has been chairman and CEO since 2010. He joined Chevron in 1980 as a financial analyst and went on to hold financial, analytical and[Read More… […]

  • Top Five Permian Companies Hold ~9.4 Million Acres in the Basin
    by Oil & Gas 360 on 2017-09-29 at 17:30Permian acreage positions don’t tell the whole story Companies continue to race into the Permian, jockeying for acreage and buying up increasing positions in the world’s most popular unconventional basin. The Permian is an oil basin that has produced almost a century as a conventional play and now that the shale phenomenon has found the Permian, recent estimates say the[Read More… […]

  • Yuma Energy Upsizes, Prices Public Stock Offering
    by Oil & Gas 360 on 2017-09-29 at 16:40Capital heading to the Permian: company’s first Horizontal San Andres well Yuma Energy, Inc. (ticker: YUMA) has upsized and priced an underwritten public offering of its common stock, consisting of 9,600,000 shares of common stock at a public offering price of $1.00 per share for aggregate gross proceeds of $9,600,000, before expenses. Yuma also granted the underwriters […]

  • New 650-Mile NGL Pipeline from Permian Basin to Corpus Christi: EPIC Pipeline Secures Capacity Agreement with BP Energy, Locks Capital Commitment
    by Oil & Gas 360 on 2017-09-29 at 16:31220,000 BPD pipe: targeting early 2018 for initial phase in-service date EPIC Y Grade Pipeline, LP, a subsidiary of EPIC Y Grade Services, LP and EPIC Midstream Holdings, LP, has signed a definitive agreement with BP Energy Company to anchor a new 650-mile natural gas liquids (NGL) pipeline that will be known as “EPIC NGL Pipeline,” which will link producers’[Read More… […]

  • Permian vs. Ghawar: Total Permian Production Could Exceed 100 Billion Barrels – IHS
    by Oil & Gas 360 on 2017-09-29 at 15:10New Permian assessment that 60 billion to 70 billion barrels remain technically recoverable rivals Ghawar’s estimated 75 billion remaining barrels, rattles Saudis The world’s most popular unconventional basin has the reserves to match, according to recent analysis from IHS. The Permian may have enough hydrocarbons to supply the U.S. for decades to come. Initial results from […]

  • Where Oil Prices Go from Here: May Overtake 2017 Highs – Strategist to CNBC
    by Oil & Gas 360 on 2017-09-29 at 11:59Could see “a nice, wild ride back to the upside” From USA Today/CNBC Because of Hurricane Irma, the government is temporarily suspending a law prohibiting foreign ships from transporting goods between two U.S. ports. Crude oil is on pace to wrap up a strong September, having gained a little over 9% month to date. Some see further gains ahead as much[Read More… […]

  • America’s Top General to Senate: China Likely to be the ‘Greatest Threat to our Nation’ by 2025
    by Oil & Gas 360 on 2017-09-29 at 11:49From Business Insider The Chairman of the Joint Chiefs testified to the Senate Armed Services Committee on Tuesday that China would “probably” pose the greatest threat to the United States by 2025. In a hearing before the Committee votes to reappoint Gen. Joseph Dunford in his current role as the top military advisor to the president, he addressed the rise[Read More… […]

  • U.S.A.’s Largest Infrastructure Project, California’s $64 Billion Bullet Train: Costs Climb by $1.7 Billion for Central Valley Segment Alone
    by Oil & Gas 360 on 2017-09-29 at 11:13From the LA Times Central Valley segment portion projected to be $8 billion, is 7 years behind schedule Critics fear $100 billion price tag for finished project Solutions to prevent escalating costs include skipping safety barriers and reducing train travel speed to compensate — would it still be a ‘bullet’ train? The California bullet train project is facing $1.7 […]

  • Starved for Capital, Canadian Oil Patch Pauses on Exploration
    by Oil & Gas 360 on 2017-09-29 at 11:06From Bloomberg/Globe and Mail If you think it’s hard for tech startups to get funding, try being an oil driller in Canada. The oil price crash caused the big Canadian banks that had traditionally financed junior explorers — startups looking to identify and begin development on untapped deposits — to pull back. Similarly, appetite for energy shares waned, diminishing […]

Business Standard – Commodities | Oil & Gas

Economic Times

HydroCarbon Processing Crude-Oil

HydroCarbon Processing Natural Gas

  • API: US petroleum demand last month highest for August since 2007
    on 1970-01-01 at 00:00WASHINGTON — Total petroleum deliveries in August moved up by 1.3% from August 2016 to average 20.5 MMpbd, a report by the America Petroleum Institute (API) said. These were the highest August deliveries in 10 yr, since 2007. Compared with July, total domestic petroleum deliveries, a measure of US petroleum demand, decreased 0.6%. For year-to-date, total domestic petroleum deliveries moved […]

  • Petrotechnics’ survey reveals reality of risk in the global hydrocarbon industry
    on 1970-01-01 at 00:00ABERDEEN, Scotland, UK — Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, has released its 2017 Operational Risk and Process Safety Management survey results. Insights from more than 200 senior industry leaders reveal that only 6% believe their companies are fully up-to-date with their scheduled safety-critical maintenance. […]

  • Industry Metrics
    on 1970-01-01 at 00:00US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand. […]

  • North American exodus at PetroChina sparks speculation of company shift
    on 1970-01-01 at 00:00NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region. […]

  • India’s Reliance to boost profit, naphtha exports by using ethane
    on 1970-01-01 at 00:00MUMBAI/SINGAPORE (Reuters) — India’s Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday. […]

  • Industry Metrics
    on 1970-01-01 at 00:00High refinery runs contributed to high inventories, pressuring US product markets despite healthy summer driving season demand. […]

Hellenic Shipping News Worldwide – General Energy News

  • Robust Chinese demand ensures Asian LNG rally has legs
    by hellenicshippingnews.. on 2017-10-02 at 09:00Unexpectedly strong demand from China, along with rising oil and coal prices, should keep Asian liquefied natural gas (LNG) spot levels buoyant this winter. Despite rising supplies from new plants, spot prices LNG-AS have risen by 55 percent from their 2017 lows to $8.40 per million British thermal units (mmBtu) as Asian buyers also refilled … […]

  • Demand for liquefied natural gas grows strongly: Tellurian CEO
    by hellenicshippingnews.. on 2017-10-02 at 09:00Liquefied natural gas (LNG) oversupply lasts no longer , Meg Gentle, CEO of Tellurian which involves in natural gas business, said. In her speech during the first Global Energy Transitions Summit co-hosted by the law firm Baker Botts L.L.P. and the Baker Institute’s Center for Energy Studies in the U.S. city of Houston, Gentle said … […]

  • Significant role for gas in rapidly changing energy mix
    by hellenicshippingnews.. on 2017-10-01 at 21:00A number of reports have been released so far this year on global energy transition. Among these, Norwegian DNV GL, an international accredited classification society, took an independent and balanced view of the entire global energy system from source to end-use. This is what makes this an important outlook to analyse and draw from its … […]

  • Speculators cut U.S. natgas net longs for 1st week in four -CFTC
    by hellenicshippingnews.. on 2017-10-01 at 21:00U.S. natural gas speculators cut their net long positions for the first time in four weeks on forecasts calling for a possible third consecutive warmer-than-normal winter and a slow but steady increase in production. Speculators in four major New York Mercantile Exchange (NYMEX) and Intercontinental Exchange (ICE) markets reduced bullish bets by 59,814 contracts to … […]

  • LNG still key in Spain but reloads too dear: Enagas
    by hellenicshippingnews.. on 2017-10-01 at 21:00LNG will continue to play an outsized role in balancing the Spanish gas system until gas pipeline booking is streamlined and, in the longer term, more interconnection is built with the rest of Europe. That is the view of Claudio Rodriguez, Gas Assets General Manager at Spanish infrastructure owner and operator Enagas in a recent … […]

  • Saudi Arabia produces 44% of GCC’s natural gas
    by hellenicshippingnews.. on 2017-10-01 at 21:00A senior official from the King Abdullah Petroleum Studies and Research Center (KAPSARC) announced in Manama that Saudi Arabia produces 44 percent of the natural gas in the Gulf Cooperation Council (GCC). Speaking at the Gulf Petrochemicals and Chemicals Association (GPCA) Fertilizer Convention held in Bahrain, the director of the markets and industrial development program … […]

Hellenic Shipping News Worldwide – Oil & Companies News

  • Oil slips further below $57 after third-quarter rally
    by hellenicshippingnews.. on 2017-10-02 at 09:00Oil dipped further below $57 a barrel on Monday as an increase in U.S. drilling and higher OPEC output put the brakes on a rally in which the market scored its biggest third-quarter gain in 13 years. U.S. energy companies added oil rigs for the first week in seven and Iraq announced its exports increased … […]

  • US oil, gas production to increase for 4th quarter in row: survey
    by hellenicshippingnews.. on 2017-10-02 at 09:00US oil and gas production in the third quarter of 2017 is expected to increase for a fourth quarter in a row, according to the latest Federal Reserve Bank of Dallas Energy Survey of upstream industry executives in the region. The Oil & Gas Journal on Friday quoted the survey as saying that the oil … […]

  • What has changed in the global oil market and will it be sustained?
    by hellenicshippingnews.. on 2017-10-02 at 09:00Crude oil prices are showing strength—not a good news for India, considering we import most of our oil requirements. Cast your eyes on the chart alongside. The Indian basket of crude prices in rupee terms increased as much as 16% from 1 to 27 September. In dollar terms, the basket has risen about 13% during … […]

  • It’ll Take Oil Above $50 for Shale Boom, Oil Sands to Pay Off
    by hellenicshippingnews.. on 2017-10-02 at 09:00Shale drillers and oil sands producers have posted some healthy profits so far this year, but it’ll take oil consistently above $50 a barrel for their investments to pay off in the long run. That’s the conclusion of a Moody’s Investors Service study of 37 exploration and production companies in the U.S. and Canada released … […]

  • Want to bet on $100 oil in 2018? Some investors already have
    by hellenicshippingnews.. on 2017-10-01 at 21:00When crude prices crashed in early 2016 to $27 per barrel, most industry executives said the world had seen the last of oil at $100. Almost two years later, as a global crude glut shows signs of receding, the oil options market has seen a spike in activity at $100 a barrel, indicating some oil … […]

  • The oil market’s rebalancing act
    by hellenicshippingnews.. on 2017-10-01 at 21:00The global oil market has been in a slump for the past three years, but could it be turning a corner? Crude prices are now up 20 percent from June lows, which means the industry is officially back in a bull market for the first time this year. So what’s behind rising oil prices? According … […]

Oil & Gas Financial Journal

The Barrel

  • Permian pipelines key to production growth: Fuel for Thought
    by Ashok Dutta on 2017-10-02 at 04:01When Willie Chiang, chief executive officer of Plains All American, rose to address an audience at the Houston Petroleum Club in mid-September, his message was clear: crude production from the Permian Basin will continue to grow and timing will be a critical factor to build pipelines. Delays will result in widening of price discounts for […] The post Permian pipelines key to production […]

  • Know thy supply chain — because modern slavery is distorting global markets
    by Joseph Innace on 2017-09-29 at 05:01President Donald Trump’s “Rocket Man” comment at the United Nations September 19 drew all the attention, but lost in the contrails of his speech was a critical matter related to the most basic of human rights — the issue of modern slavery. Energy, mining, materials and commodities companies, in particular, best take heed — according […] The post Know thy […]

  • Shipping’s sulfur cap conversation moves on from the IMO
    by Jack Jordan on 2017-09-28 at 15:26As the shipping industry continues to assess the likely impact of the International Maritime Organization’s new 0.5% sulfur cap in 2020, the conversation has started to move on to what other organizations can do to enforce it. The IMO decided in October last year to cut the global marine fuel sulfur limit to 0.5% at […] The post Shipping’s sulfur cap conversation moves on from […]

  • Solar to power Middle East oil, natural gas exports
    by Ross McCracken on 2017-09-27 at 16:00A long-standing concern of the energy industry has been growing Middle Eastern demand for its own oil and gas, supported by generous subsidies, which make fuel exceptionally cheap in the region. Higher oil and gas consumption regionally would lead to rapidly diminishing export capacities, resulting in shortages on international markets. A key indicator of this […] The post Solar to power […]

  • September Lat Am crude imports fall on lower Venezuelan shipments: In the LOOP
    by Mary Hogan on 2017-09-26 at 05:01The Louisiana Offshore Oil Port has seen a month-on-month drop in heavy Latin American crude imports, impacted by high regional prices and falling Venezuelan crude production. Month on month, LOOP has imported about 355,740 fewer barrels so far in September than it did in August, according to data from Platts Analytics and US customs. The […] The post September Lat Am crude imports fall on […]

  • Chinese steelmaking cuts hammer market
    by Colin Richardson on 2017-09-25 at 14:30Chinese domestic market strength and reduced export volumes have been a primary driver of the global steel and iron ore rally this year. But there are growing signs that dark clouds are gathering over the world’s largest steel market. Shanghai Futures Exchange rebar and Dalian Commodities Exchange iron ore futures have taken a bath over […] The post Chinese steelmaking cuts hammer […]

Energy and Capital

Energy Business Review – Oil & Gas

Oil & Gas iQ

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines


Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES


29-09-2017


Various PDVSA News

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • API: US petroleum demand highest for August since 2007
    on 2017-09-28 at 19:47Total US petroleum deliveries, a measure of petroleum demand, moved up 1.3% in August from a year ago to average 20.5 million b/d, marking the highest August deliveries in 10 years, according to data from the American Petroleum Institute. […]

  • ExxonMobil, Petrobras headline Brazil’s 14th bid round
    on 2017-09-28 at 19:34ExxonMobil Corp. will partner with Brazilian state-owned Petroleo Brasileiro SA (Petrobras) on six exploration blocks in the Campos basin off Brazil. […]

  • Chengzhi Yongqing lets contract for second MTO unit
    on 2017-09-28 at 18:10Nanjing Chengzhi Yongqing Energy Technology Co. Ltd., a subsidiary of Chengzhi Shareholding Co. Ltd., the investment arm of China’s Tsinghua University, has let a contract to Honeywell UOP LLC, Des Plaines, Ill., to deliver technology licensing for a grassroots methanol-to-olefins (MTO) unit at its existing coal-to-chemical complex in the Changlu area of Nanjing Chemical Industrial […]

  • US House chairman asks CEOs about Russia’s use of social media to affect energy
    on 2017-09-28 at 18:08US House of Representatives Science, Space, and Technology Committee Chairman Lamar Smith (R-Tex.) asked the chief executives of Facebook, Twitter Inc., and Alphabet Inc. for documents relating to Russian entities’ purchases of advertising against hydraulic fracturing and fossil fuels. […]

  • Turkey backs Iraq on oil after Kurdish vote
    on 2017-09-28 at 18:04The government of Turkey said it will deal exclusively with the Iraqi government on oil exports after voters in the semiautonomous Kurdistan Region of Iraq supported independence in a controversial referendum. […]

  • Wirth to succeed Watson as Chevron chairman, CEO
    on 2017-09-28 at 15:45Michael K. Wirth has been elected chairman and chief executive officer of Chevron Corp., effective Feb. 1. He will succeed John S. Watson, who will retire from the company and its board after 37 years of service, including 8 years as chairman and CEO. […]

World Oil – US Onshore

Various Oil & Gas News

Oilprice.com

  • Aramco IPO Could End OPEC Status Quo
    by Damir Kaletovic on 2017-09-28 at 22:12Sources have told Reuters that the Saudi drive to get OPEC on board with production cuts last year—threatening to quit the bloc if members disagreed—was in part meant to maximize Aramco’s valuation with higher oil prices ahead of its planned IPO. An Aramco IPO changes everything for OPEC. The Kingdom would be the only OPEC country with a national oil firm listed abroad, and […]

  • Canada’s Prolific Montney Shale Drives Pipeline Expansion
    by Damir Kaletovic on 2017-09-28 at 22:08With oil and gas output still on the upward swing in Canada’s most prolific shale play, despite depressed oil prices, one of the biggest benefactors is a Calgary-based pipeline company with enough demand to fund a 45,000-bpd expansion. Pembina Pipeline Corp. announced today that it’s planning to boost capacity in response to an uptick in demand from customers in the Montney shale and […]

  • Oil Firms Do Not See A Lasting Impact From Harvey
    by Tsvetana Paraskova on 2017-09-28 at 22:02Most executives at oil and gas firms don’t expect Hurricane Harvey to continue to affect their business six months from now, the Q3 Dallas Fed Energy survey showed. When asked to what extent they expect business to be negatively affected six months from now by Hurricane Harvey, 62 percent of respondents said “not at all”, 30 percent expect to still see their business slightly […]

  • Philippines Aims To Drill For Oil With Chinese Firm Near Disputed Waters
    by Tsvetana Paraskova on 2017-09-28 at 21:57The Philippines plans to pursue oil and gas exploration near contested waters in the South China Sea in a stalled project which has Chinese state firm CNOOC as a partner, Energy Secretary Alfonso Cusi said on Thursday.   Cusi has presented the plan to Philippines President Rodrigo Duterte for approval, the energy secretary told media after a meeting of ASEAN energy ministers, Reuters […]

  • Citi: An Oil Supply Squeeze Is Inevitable
    by Irina Slav on 2017-09-28 at 21:44It’s somewhat tradition for oil analysts to produce a flurry of new forecasts after every sharp move in prices, and the latest rally in WTI and Brent is no exception. In just the last couple of days we’ve seen one analyst predict prices of $80 per barrel, while a panel of several other analysts forecast a price drop if OPEC ends its production cut deal as planned in March 2018. Now […]

  • Trump Waives The Energy Market’s Least Favorite Law
    by Nick Cunningham on 2017-09-28 at 21:33Under tremendous criticism, President Trump waived the Jones Act to aid in the response to the disaster in Puerto Rico, just days after refusing to do so. The Jones Act is a nearly century-old law that requires goods shipped between two American ports to use U.S. ships. The law has long been relevant to the oil and gas industry, raising the cost of moving fuel between American ports, but the […]

  • Saudis Raise $12.5B To Plug Budget Deficit From Low Oil Prices
    by Tsvetana Paraskova on 2017-09-28 at 19:38Saudi Arabia said on Thursday that it had issued US$12.5 billion in three tranches of notes, the second issue under its Global Medium-Term Note program, as the desert Kingdom desperately tries to offset the budget deficit incurred by the lower-for-longer oil prices. The Saudi notes were one tranche of US$3 billion maturing in 2023, a second tranche worth US$5 billion due in 2028, and a third […]

  • $60 Oil Could Revive The Eagle Ford
    by Tsvetana Paraskova on 2017-09-28 at 19:33The world’s hottest shale play right now, the Permian, is boosting its oil production and contributing the most to the U.S. crude output growth. Meanwhile, Texas’ other shale play, the once-hot Eagle Ford, has cooled, turning thriving communities into ghost towns.   The economic impact of the oil price crash is plainly seen across the counties in and around the Eagle Ford. Small […]

  • Poland Aims To Fill Export Gap Using U.S. Coal
    by OilPrice.com on 2017-09-28 at 19:28Weglokoks said on Wednesday that it plans to resell the imported U.S. coal abroad, mostly to the Czech Republic, Slovakia, Hungary, Germany and Austria, but would also consider sales to customers in Poland in the future. That would be likely to cause friction with Poland’s energy ministry, which expects the country’s utilities to buy and burn coal from domestic mines. “We want the energy security […]

  • The ‘’Silver Age’’ For Refiners
    by Nick Cunningham on 2017-09-28 at 19:24Refining margins jumped after Hurricane Harvey, due to the sudden disruptions of a significant chunk of the world’s refining capacity. In fact, the outages highlight how tight global refining supply actually is—with limited spare capacity, there’s not much room for error. The disruption of about a quarter of U.S. refining capacity led to a spike in the share prices for refiners […]

  • Puerto Rico Could Face 6 Months Without Power
    by Haley Zaremba on 2017-09-28 at 19:16After Puerto Rico was pummeled by Hurricane Maria last week, a Category 4 hurricane with 150 mph winds, the island has been left in shambles. After suffering widespread power outages thanks to Irma, 1 million Puerto Ricans were left without electricity. 60,000 still hadn’t gotten power when Maria brought a total, island-wide power outage and severe shortages in food, water, and other […]

  • Oil Prices Haven’t Plateaued Yet
    by Kent Moors on 2017-09-28 at 18:40Only a few weeks ago, pundits were bemoaning the collapse of oil prices. Then, these self-proclaimed soothsayers became doomsayers, and started predicting oil prices would decline to $40 a barrel (or below). When Hurricanes Harvey and Irma hit, these self-same founts of wisdom declared Mother Nature had hurled at us a double whammy, guaranteeing problems in oil infrastructure, refinery demand, […]

Oil & Gas 360

Business Standard – Commodities | Oil & Gas

Economic Times

  • Oil falls as US data shows mixed picture
    on 2017-09-28 at 02:39While the data gave a mixed picture, the outlook for demand has strengthened, said Ben le Brun, market analyst at OptionXpress in Sydney. […]

HydroCarbon Processing Crude-Oil

  • Pembina Pipeline adding infrastructure, increasing Phase V pipeline expansion
    on 1970-01-01 at 00:00CALGARY — Pembina Pipeline Corporation announced that in order to accommodate incremental volume commitments from customers, the Company is adding additional infrastructure and increasing operational flexibilities to its previously announced Phase V pipeline expansion (Phase V), which included a 20-in pipeline from Lator to Fox Creek, Alberta. […]

  • Statoil charters last of the world’s largest oil tankers to hold crude for Asia buyers
    on 1970-01-01 at 00:00SINGAPORE (Reuters) — Norway’s Statoil ASA has chartered the last remaining Ultra-Large Crude Carrier (ULCC), the world’s largest oil tankers, to store oil off of Malaysia for distribution in smaller parcels to its clients in Asia, company executives said. […]

  • Iraqi PM’s office says Turkey agrees to deal only with Baghdad on oil exports
    on 1970-01-01 at 00:00BAGHDAD (Reuters) — Turkey told Iraq it would deal only with the Iraqi government on crude oil exports, the office of Iraqi Prime Minister Haider al-Abadi said on Thursday. […]

  • Matrix Global plan US sweet crude storage contract amid export growth
    on 1970-01-01 at 00:00SINGAPORE (Reuters) — Matrix Global Holdings is planning to start up an oil storage futures contract for low-sulfur crude oil that will enable companies to build up supplies for export cargoes, as Asia looks for more crude imports from the United States. […]

  • Dongming steps up crude purchases in 2017 for Shandong oil refiners
    on 1970-01-01 at 00:00SINGAPORE (Reuters) — Pacific Commerce, the trading arm of refiner Shandong Dongming Petrochemical, has purchased 66% more crude oil in 2017 than last year, both for its own system and for other independent Chinese refiners, a Dongming senior executive said on Wednesday. […]

  • Monroe Energy sees delays unloading supertanker of W.African crude
    on 1970-01-01 at 00:00NEW YORK (Reuters) — Monroe Energy, a subsidiary of Delta Air Lines, ran out of crude oil at its 185,000-bpd Trainer, Pennsylvania, refinery after delays in unloading a supertanker called C. Innovator, according to a source familiar with the company’s operations and Reuters shipping data. […]

HydroCarbon Processing Natural Gas

  • Petrotechnics’ survey reveals reality of risk in the global hydrocarbon industry
    on 1970-01-01 at 00:00ABERDEEN, Scotland, UK — Petrotechnics, the developer of the hazardous industries’ first software platform for operational excellence, has released its 2017 Operational Risk and Process Safety Management survey results. Insights from more than 200 senior industry leaders reveal that only 6% believe their companies are fully up-to-date with their scheduled safety-critical maintenance. […]

  • Industry Metrics
    on 1970-01-01 at 00:00US margins recorded solid gains as crack spreads for all products increased due to healthy domestic demand. […]

  • North American exodus at PetroChina sparks speculation of company shift
    on 1970-01-01 at 00:00NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region. […]

  • India’s Reliance to boost profit, naphtha exports by using ethane
    on 1970-01-01 at 00:00MUMBAI/SINGAPORE (Reuters) — India’s Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday. […]

  • Industry Metrics
    on 1970-01-01 at 00:00High refinery runs contributed to high inventories, pressuring US product markets despite healthy summer driving season demand. […]

  • Business Trends: Ethylene production economics from optional feedstocks
    on 1970-01-01 at 00:00The petrochemicals industry is witnessing enormous growth worldwide. Ethylene is produced by cracking a range of hydrocarbons. Naphtha is the main raw material used in European and Japanese crackers, while the US utilizes ethane as its primary feedstock. […]

Hellenic Shipping News Worldwide – General Energy News

  • Pakistan to lock another 3 mil mt of LNG in term contracts by year-end
    by hellenicshippingnews.. on 2017-09-28 at 21:00Pakistan is currently in negotiations to secure an additional three million mt of LNG in long-term contracts by the end of the year to supply its new LNG floating terminal due to arrive by December, according to M. Adnan Gilani, chief operating officer with Pakistan LNG Ltd. The negotiations are taking place with over half … […]

  • Qatar will remain world’s top LNG producer: QP chief
    by hellenicshippingnews.. on 2017-09-28 at 21:00Qatar will remain the leader and will maintain its position as the world’s largest producer of liquefied natural gas (LNG), said Qatar Petroleum (QP) President and CEO Eng Saad Sherida al-Kaabi. Delivering a lecture at Qatar University, al-Kaabi pointed to growing global demand for gas, adding that Qatar provides a large part of this need. … […]

  • Mitsui to join $1.2-B LNG hub
    by hellenicshippingnews.. on 2017-09-28 at 21:00Businessman Gregorio Araneta III is pursuing a plan to build a $1.2-billion liquefied natural gas (LNG) terminal in Limay, Bataan, that will also eventually include a 600-megawatt power plant. Araneta told reporters on the sidelines of Philweb’s stockholders meeting yesterday that Japanese conglomerate Mitsui would be his group’s partner in building the LNG project. Outside … […]

  • Eni says to expand Singapore LNG desk to market Mozambique supplies
    by hellenicshippingnews.. on 2017-09-28 at 21:00Eni plans to expand its Singapore trading desk to market liquefied natural gas (LNG) supplies from new projects such as Mozambique to buyers in Asia, senior executives from the Italian oil and gas company’s trading arm said. The expansion comes after Eni decided earlier this year to integrate its LNG, gas business with its upstream … […]

  • Korea Gas Corp to build local LNG facility by 2025
    by hellenicshippingnews.. on 2017-09-28 at 21:00State-run Korea Gas Corp. (KOGAS) said Thursday it is planning to build a new liquefied natural gas (LNG) facility in South Korea by 2025 to ensure a stable supply of the energy resource. KOGAS, the world’s second-largest LNG buyer, plans to build 10 20-kiloliter LNG storage tanks in Dangjin, 123 kilometers southeast of Seoul, together … […]

  • Japan power firms’ LNG use falls 14 pct in June yr/yr
    by hellenicshippingnews.. on 2017-09-27 at 21:00Japanese power companies consumed 3.72 million tonnes of liquefied natural gas (LNG) for power generation in June, down 14 percent from a year earlier, due to a higher reliance on nuclear, coal and renewables, preliminary electricity data from the Ministry of Economy, Trade and Industry showed. Following is a table outlining usage of main fuel … […]

Hellenic Shipping News Worldwide – Oil & Companies News

Oil & Gas Financial Journal

The Barrel

  • Know thy supply chain — because modern slavery is distorting global markets
    by Joseph Innace on 2017-09-29 at 05:01President Donald Trump’s “Rocket Man” comment at the United Nations September 19 drew all the attention, but lost in the contrails of his speech was a critical matter related to the most basic of human rights — the issue of modern slavery. Energy, mining, materials and commodities companies, in particular, best take heed — according […] The post Know thy […]

  • Shipping’s sulfur cap conversation moves on from the IMO
    by Jack Jordan on 2017-09-28 at 15:26As the shipping industry continues to assess the likely impact of the International Maritime Organization’s new 0.5% sulfur cap in 2020, the conversation has started to move on to what other organizations can do to enforce it. The IMO decided in October last year to cut the global marine fuel sulfur limit to 0.5% at […] The post Shipping’s sulfur cap conversation moves on from […]

  • Solar to power Middle East oil, natural gas exports
    by Ross McCracken on 2017-09-27 at 16:00A long-standing concern of the energy industry has been growing Middle Eastern demand for its own oil and gas, supported by generous subsidies, which make fuel exceptionally cheap in the region. Higher oil and gas consumption regionally would lead to rapidly diminishing export capacities, resulting in shortages on international markets. A key indicator of this […] The post Solar to power […]

  • September Lat Am crude imports fall on lower Venezuelan shipments: In the LOOP
    by Mary Hogan on 2017-09-26 at 05:01The Louisiana Offshore Oil Port has seen a month-on-month drop in heavy Latin American crude imports, impacted by high regional prices and falling Venezuelan crude production. Month on month, LOOP has imported about 355,740 fewer barrels so far in September than it did in August, according to data from Platts Analytics and US customs. The […] The post September Lat Am crude imports fall on […]

  • Chinese steelmaking cuts hammer market
    by Colin Richardson on 2017-09-25 at 14:30Chinese domestic market strength and reduced export volumes have been a primary driver of the global steel and iron ore rally this year. But there are growing signs that dark clouds are gathering over the world’s largest steel market. Shanghai Futures Exchange rebar and Dalian Commodities Exchange iron ore futures have taken a bath over […] The post Chinese steelmaking cuts hammer […]

  • Technology underpinning bitcoin gets applied to contracts
    by John Kingston on 2017-09-25 at 04:11As the questions filed by the conference’s app popped up on the screen at the Blockchain in Oil & Gas conference in Houston earlier this month, it was pretty clear there were two types of people in the audience. The first were those who had a solid understanding of distributed ledger technology (DLT). Then there […] The post Technology underpinning bitcoin gets applied to […]

Energy and Capital

Energy Business Review – Oil & Gas

Oil & Gas iQ

Arabian Oil And Gas  – News

US Department of Energy – Press Releases and Techlines


Commodities: Oil & Gas – Featured Headlines


TODAY’S CURATED LIST OF HEADLINES


28-09-2017


Various PDVSA News

PennEnergy Oil Exploration & Production News

Oil & Gas Journal

  • Mexico reforms may make US offshore industries look south, Luthi says
    on 2017-09-27 at 21:27Mexico’s continuing energy reforms could make US offshore oil and gas producers consider leasing there if more of the nation’s Outer Continental Shelf is not opened for exploration and development, National Ocean Industries Association Pres. Randall B. Luthi told a Washington audience on Sept. 27. […]

  • Perry asks NPC to conduct studies on oil, gas transportation, CCS
    on 2017-09-27 at 21:21US Energy Sec. Rick Perry asked the National Petroleum Council to conduct separate studies on the nation’s oil and gas transportation system as well as on possible ways to commercialize carbon capture and storage (CCS). […]

  • Chaparral, Bayou City Energy launch STACK drilling venture
    on 2017-09-27 at 17:45Drilling has commenced on the first well in a new STACK joint venture between Oklahoma City operator Chaparral Energy Inc. and Houston private equity firm Bayou City Energy (BCE). […]

  • Veresen Midstream commissions Montney gas processing plant
    on 2017-09-27 at 17:33Veresen Midstream LP, a 50-50 venture of Veresen Inc., Calgary, and Kohlberg Kravis Roberts & Co. LP, New York, has started up the first of three natural gas processing plants that will support the Encana Corp.-Mitsubishi Corp. jointly owned Cutbank Ridge Partnership’s (CRP) condensate-focused growth plan in the Montney area of northeastern British Columbia’s Dawson region. […]

  • WoodMac forecasts stable non-OPEC decline rates through 2020
    on 2017-09-27 at 16:57Decline rates among countries that aren’t members of the Organization of Petroleum Exporting Countries have held steady at around 5% since 2015, and Wood Mackenzie Ltd. expects them to remain at that level until 2020. […]

  • Oil, gas groups back BLM’s plan to rescind 2015 fracing rule
    on 2017-09-27 at 15:27The American Petroleum Institute, Independent Petroleum Association of America, and Western Energy Alliance expressed their support on Sept. 25 for the US Bureau of Land Management to rescind its 2015 hydraulic fracturing rule. […]

World Oil – US Onshore

Oilprice.com

  • 5 Hot Tech Stocks For The Fall Of 2017
    by Charles Kennedy on 2017-09-27 at 22:57There are 2.6 billion gamers worldwide – that’s 2.6 billion people turning to video games for relaxation, entertainment or to kill time on the bus or metro. The Institute for the Future estimates that gamers spend well over 3 billion hours per week playing games on smartphones, laptops, PCs, hand-held devices, and gaming consoles like Microsoft’s Xbox or Sony’s Playstation. The […]

  • Libya Is Preparing To Ramp Up Oil Production
    by Zainab Calcuttawala on 2017-09-27 at 22:12As a rather bullish sentiment has fallen over the oil markets, Libyan oil production is now set to rise after disruptions at the Sharara oil field are now behind it, according to a new report by Bloomberg. Total output will reach 950,000 barrels per day as the Organization of Petroleum Exporting Countries (OPEC) battles a supply glut to force an increase in global oil prices. The Sharara field, […]

  • Oil Prices At A Ceiling, Or Just Getting Started?
    by Nick Cunningham on 2017-09-27 at 22:08Oil moved back into bull market territory this week, with Brent prices jumping to a more than two-year high at $58 per barrel. A confluence of events has given a jolt of optimism to oil prices, with market sentiment at its most positive arguably in years. The proximate spark from earlier this week was the Kurdish referendum, which raised the specter of a sizable supply outage when Turkey […]

  • China’s Crude Oil, Product Inventories Drop
    by Tsvetana Paraskova on 2017-09-27 at 22:04Chinese crude oil inventories declined by 3.42 percent in August over July, to stand at 29.79 million tons, official Xinhua News Agency reports, in a sign that oil demand growth has picked up. Last month, total fuel stocks also dropped, by 0.95 percent to 17.02 million tons, their lowest level since December last year, Reuters quoted Xinhua as saying. The key driver for the drop in oil products […]

  • Electric Vehicles And The 5 Trillion Dollar Market Transition
    by Peter Tertzakian on 2017-09-27 at 22:01Change in the world of wheels is accelerating! Momentum is building and some days it’s hard to keep up. Every week, the assumptions about the future of transportation, and the energy systems that turn our wheels, are becoming more Jetson-esque. The excitement is palpable and as a technology junkie I love it. Auto shows are rolling out new electric vehicle (EV) models; China says it’s […]

  • NatGas Prices Aren’t Going Anywhere Fast
    by Irina Slav on 2017-09-27 at 22:01With the recent crude oil rally that brought WTI to a five-month high, it’s only fitting to have a look at what’s happening with natural gas. By the looks of it, nothing much that would make producers happy. U.S. natural gas is selling at historically low prices, with forecasts for the near term suggesting no significant change as production continues to grow. In its latest Short-Term […]

  • South Korea Looks For New Oil Supplier in Canada
    by Tsvetana Paraskova on 2017-09-27 at 21:59South Korea’s refiner Hyundai Oilbank seeks to diversify its crude oil sources and is looking to buy Canadian oil for the first time, Hyundai Oilbank’s senior executive vice president, Chang Ji-hak, told Reuters in an interview published on Wednesday. Although South Korea has a big oil refining sector, it imports almost all of the crude oil that its refineries are processing.   […]

  • Oil Analysts Baffled As Venezuela Ditches Petrodollar
    by Tsvetana Paraskova on 2017-09-27 at 19:56At the end of August, the U.S. stepped up sanctions on Venezuela, prohibiting dealings in new debt or equity issued by state oil firm Petroleos de Venezuela SA (PDVSA) or the government. A couple of weeks later Venezuela responded to what it called an “economic blockade” by suspending trade in U.S. dollars and publishing Venezuelan oil basket prices in Chinese yuan. Analysts believe […]

  • US Shale, End Of OPEC Cuts Could Stifle Oil Prices In 2018
    by Tsvetana Paraskova on 2017-09-27 at 19:49Although current supply and demand fundamentals point to a possible rise in oil prices by the end of 2017, next year’s supply will likely outgrow demand and depress oil prices, according to a panel of industry analysts at the S&P Global Platts Asia Pacific Petroleum Conference. In 2018, non-OPEC supply from U.S. shale will increase, and the current deadline for OPEC’s […]

  • EV Market Gets Another Unlikely Challenger
    by Zainab Calcuttawala on 2017-09-27 at 19:38Expect a “radical” new electric car from Dyson, the renowned vacuum cleaner and fan company, by 2020, the company says. Four-hundred Dyson employees have been working on the project for two years already at the corporate headquarters in Malmesbury, Wi