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Industry Headlines

Brazil Extends Customs Perks For Oil Industry Through 2040
Friday, August 18, 2017 Brazil extended through 2040 a preferential customs regime for the oil and gas industry called Repetro.
Why Would Oil Demand Peak, Contrary to Peak Oil Supply?
Thursday, August 17, 2017 People find it hard to believe that there is another side of the 'Peak Oil Supply' theory, which is 'Peak Oil Demand'.
What Kind of Salary Can You Get as an Electrical Engineer in the US?
Friday, August 18, 2017 Rigzone explores potential salaries of electrical engineers in the United States.
Fracking Jobs Prove Elusive for Coal Miners Looking to Switch
Friday, August 18, 2017 Dennis is learning a hard lesson of fracking: While it has created a bonanza of jobs, displaced coal miners and their communities are sometimes left out of the boom.
HOW COOL IS THAT!: Geologist, Author, Global Marathoner
Thursday, August 17, 2017 Australian wellsite geologist Amanda Barlow provides glimpse of offshore life to 'laypeople.'
BLOG: The Best and Worst Places in the US to Buy Energy
Thursday, August 17, 2017 Recent study reveals most and least expensive places in the US to buy natural gas, motor fuels, more.
Oil Closes Near $47 as Traders Assess US Stockpiles, Output
Thursday, August 17, 2017 Oil in New York closed near $47 a barrel, a new 'battle line' for bullish and bearish traders.
Russian Watchdog Says Schlumberger-Eurasia Drilling Deal 'Has Big Problems'
Wednesday, August 16, 2017 The acquisition of a 51% stake in Russia's EDC by Schlumberger 'has big problems' in the current political situation.

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Exploration

Local Media: Local Firm Wins Shale Gas Block Auction In China's Guizhou
Friday, August 18, 2017 A local firm on Friday won the right to explore and develop a shale gas block in the southwestern Chinese province.
Governor Urges Trump To Drop Virginia From Offshore Drilling Plan
Thursday, August 17, 2017 Virginia Governor Terry McAuliffe urged the Trump administration to exclude his state from a federal offshore oil and gas drilling plan.
Oil Producers Signal Offshore Return In Latest Gulf Of Mexico Auction
Wednesday, August 16, 2017 Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million, a nearly seven-fold increase from a year ago.
China To Develop New Shale Gas Fields, Plans Guizhou Auction This Week
Tuesday, August 15, 2017 China plans to develop two new shale gas fields in the south of the country and open up tenders for more oil and gas exploration blocks, the Ministry of Land Resources says.
Britain's Tullow Launches Oil, Gas Exploration In Zambia
Friday, August 11, 2017 Tullow Oil starts exploring for oil and gas in Zambia.
Exploration Chief: Mexico's Pemex Seeks Oil Projects In Americas
Wednesday, August 09, 2017 Pemex is looking for oil projects in the United States, Brazil, Colombia and Argentina to keep up output after an energy reform.

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Production

Libya Gets Better at Keeping Oil Flowing as Industry Stabilizes
Thursday, August 17, 2017 Libya's getting better at resolving stoppages in its oil industry, underpinning a growing perception that the OPEC member is closer to becoming a stable producer again.
Mexican Government Raises Pemex Deductions To Continue Oil Output
Friday, August 18, 2017 Mexico's finance ministry says Pemex will be allowed to deduct more costs for developing some projects so the firm can maintain production.
Nigeria State Oil Firm Says Its Production Costs Cut To $23 A Barrel
Wednesday, August 16, 2017 Nigeria's production cost per barrel of crude oil is down to $23, the state oil company says.
Libya's Oil Output Boosted as Port Reopens, Field Pumps More
Wednesday, August 16, 2017 Libya's biggest oil field, Sharara, is increasing production.
EIA: US Crude Stockpiles Fall The Most In Nearly A Year
Wednesday, August 16, 2017 US crude oil inventories fell for the seventh consecutive week in their largest drawdown in nearly a year.
Protesters Drag Shell Niger Delta Oil Facility Shutdown Into Fifth Day
Tuesday, August 15, 2017 Protesters on Tuesday dragged the shutdown of a Shell crude oil facility in the Niger Delta into its fifth day.
Standard Bank Seeks to Raise $3 Billion for Ugandan Oil Pipeline
Tuesday, August 15, 2017 Standard Bank Group Ltd.'s Ugandan unit plans to raise $3 billion for a crude pipeline by the second half of next year.

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Finance and Investing

Venezuela's Oil Company Says 'Financial Blockade' Hurts Payments
Friday, August 18, 2017 A US-led 'financial blockade' has hurt PDVSA's capacity to collect payment for crude cargoes
Blackstone Adds $10 Billion in Energy Assets With Harvest Deal
Thursday, August 17, 2017 Blackstone Group LP will add $10 billion in assets by buying energy investor Harvest Fund Advisors.
Mexico's Cotemar Sees $200MM Investment In Oil Projects By 2018
Thursday, August 17, 2017 Cotemar plans to invest at least $200 million in two oil projects by the end of 2018.
Kemp: Hedge Funds Gamble For A Third Time On Oil Rebalancing
Monday, August 14, 2017 Hedge fund managers are becoming bullish towards crude oil and refined fuels for the third time this year and must be hoping the signs of market rebalancing are real this time.
Gazprom Neft to Borrow $2 Billion Next Year in Bet on Rates
Thursday, August 10, 2017 Gazprom Neft plans to borrow the equivalent of $2 billion next year on the expectation crude markets will stabilize.
Biggest Indian Explorer Is Said to Plan First Ever Borrowings
Thursday, August 10, 2017 Oil and Natural Gas Corp. plans to tap the debt market for the first time, an opportunity that may be hard to pass up for bond bulls.
Continental Resources CEO: Absolutely No New Debt
Wednesday, August 09, 2017 Continental Resources will fund future wells from cash flow and not take on any new debt, Chief Executive Harold Hamm says.

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Company Operations

Baker Hughes: US Drillers Cut Oil Rigs For Second Week In Three
Friday, August 18, 2017 US energy firms cut oil rigs for a second week in three, data shows, with drillers cutting spending plans in reaction to declining crude prices.
Conoco To Start Dismantling Historical Norwegian Oil Platform
Thursday, August 17, 2017 ConocoPhillips has won permission to prepare for the removal of the first permanent oil platform built off Norway more than 40 years ago, the country's industry regulator says.
Colombia's Ecopetrol Names New CEO, Echeverry Resigns
Thursday, August 17, 2017 Ecopetrol says its current vice-president, Felipe Bayon, will take over as chief executive.
Transocean To Buy Norwegian Rig Firm Songa Offshore For $1.1B
Tuesday, August 15, 2017 Transocean has agreed to buy Norwegian competitor Songa Offshore for $1.1 billion.
Amec Foster's First-Half Trading Profit Falls, Margins Improve
Thursday, August 10, 2017 Amec Foster Wheeler reports an 8% fall in half-year profit, but stronger margins helped to boost its shares.
Premier Oil Names Roy Franklin As Chairman
Thursday, August 10, 2017 Premier Oil hires oil and gas industry veteran Roy Franklin as its chairman.
Baker Hughes Clinches Integrated Services Contract For PNG Gas Field
Tuesday, August 08, 2017 Baker Hughes wins a major contract to provide a wide range of services to develop Papua New Guinea's first offshore gas field.

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Policy

Amid Skepticism, Nigeria Continues to Move Forward to Revamp its Government
Thursday, August 10, 2017 Operators, experts remain cautious as Africa's No. 1 oil producing nation passes a bill to reduce corruption.
US Energy Agency to Take on $50 Billion Backlog as Senate Acts
Friday, August 04, 2017 The main US energy regulator can get back to the business of approving multibillion-dollar natural gas pipelines after the Senate moved to fill two of four vacancies at the long-crippled agency.
Japan To Start Work On Revising Basic Energy Policy Next Week
Tuesday, August 01, 2017 Tokyo will begin discussions on a revision of Japan's basic energy plan next week, Minister of Economy, Trade and Industry Hiroshige Seko says.
Pennsylvania May Impose Severance Tax
Friday, July 28, 2017 Operating in the Keystone State might get more expensive for the natural gas industry.
House GOP Leader Says Energy Tweak Near in Sanctions Bill
Wednesday, July 19, 2017 House Majority Leader Kevin McCarthy said there's a consensus among lawmakers to change legislation on Russian sanctions so that US companies won't be blocked from lucrative foreign oil deals.
French Court Repeals Law On Regulated Gas Prices
Wednesday, July 19, 2017 France's highest administrative court repeals a law on regulated gas prices.

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Refining

Some Gas With That Sandwich? Convenience Dominates Fuel Market
Friday, August 18, 2017 Now the two models are coming together, combining the strength of fuel brand recognition with new consumer preferences for a broader buying experience.
Glencore, Chevron Enter Mexico's Recently Opened Fuel Market
Thursday, August 17, 2017 Chevron and trading firm Glencore announced separate plans to enter Mexico's fuel market.
JODI: Saudi Arabia Crude Oil Exports Fall Slightly In June
Thursday, August 17, 2017 Saudi Arabia's crude oil exports in June fell slightly to 6.889 million barrels per day.
Fire Put Out At Major PetroChina Refinery In Dalian
Thursday, August 17, 2017 A fire broke out at state oil major PetroChina's plant in northeastern China, one of the country's largest refineries.
Ecuador's Esmeraldas Refinery In 'Critical' Situation Despite Overhaul
Wednesday, August 16, 2017 The situation at Ecuador's state-run Esmeraldas refinery remains 'critical,' including problems with the catalytic cracking unit.
Thai Oil Buys 1 Million Barrels North Sea Crude To Replace Mideast Oil
Wednesday, August 16, 2017 Thai Oil PCL has bought 1 million barrels of North Sea Forties crude to be delivered in November
Russell: China's Appetite For Crude Oil May Become Less Voracious
Tuesday, August 15, 2017 The sharp slowdown in China's refinery processing in July may be another warning sign that the robust growth in crude oil demand this year in the world's top importer is poised to moderate.

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Biofuels

Big Oil Follows Silicon Valley Into Backing Green Energy Firms
Tuesday, August 15, 2017 Major oil companies are joining Silicon Valley in backing energy-technology start-ups, a signal that that those with the deepest pockets in the industry are casting around for a new strategy.
Courts: US EPA Erred In Denying Renewable Fuel Hardship Exemption
Tuesday, August 15, 2017 The EPA used too strict of a test when it wrongfully denied Sinclair Oil's request for an exemption from the country's biofuel regulations, a US appeals court rule.
Minister: India Set To Unveil New Biofuel Policy In Bid To Cut Imports
Thursday, August 10, 2017 India will soon announce a new policy to promote biofuels as part of efforts by the world's third-largest emitter of greenhouse gases to cut imports of fossil fuels.
In Rare Eclipse, Gas Sees Its Future as Solar's Backstop
Wednesday, August 09, 2017 Natural gas is about to get a glimpse of its future role in the US power mix as solar energy's backup.
Trump Might Start Trade War With Brazil Over Ethanol
Monday, August 07, 2017 President Donald Trump's America First rhetoric is doing no favors for US ethanol producers, who are hoping to avoid a trade fight with fuel buyers in Brazil.
Finnish Oil Refiner Neste Reports Lower Profits, Shares Fall
Thursday, August 03, 2017 Neste reports a drop in 2Q earnings due to expiry of a US biofuel tax break plus the impact of maintenance stoppages at its conventional refineries.

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Petrochemical

Shell Divests Stake in Saudi JV
Wednesday, August 16, 2017 Shell has completed the sale of its 50-percent stake in the SADAF petrochemicals joint venture to SABIC, Shell announced Tuesday.
Saudi's Sadara Commissions Last Plant of Its Saudi Petchem Complex
Monday, August 14, 2017 TDI is mainly used in the production of flexible polyurethane foam for furniture, mattresses and car seats.
Fluor Wins Malaysia Isononanol Plant Contract
Monday, August 07, 2017 The chemical building block isononanol is used in plasticizers for automotive and building applications.
LyondellBasell Plans Its Largest Investment Ever Near Houston
Friday, July 21, 2017 The new PO/TBA project should create up to 2,500 construction and approximately 160 permanent jobs.
India Refiner HPCL Sees More Scope For Foreign Buys After ONGC Deal
Thursday, July 20, 2017 Hindustan Petroleum sees itself better placed to buy overseas downstream assets once it becomes part of the country's top explorer Oil and Natural Gas Corp, its chairman M. K. Surana said.
The Fossil Fuels Plant That Pits Trump's Base Against Itself
Thursday, July 20, 2017 For a landmark fossil-fuel program deep in Trump country, it's not environmentalists who are the biggest threat. It may be Donald Trump himself.

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Pipelines

Saipem to Build Pipelines for Kuwait Refinery Project
Wednesday, August 16, 2017 A unit of Kuwait Petroleum Corp. has awarded Saipem an approximately $850 million contract tied to KOC's Al Zour refinery project.
Gadfly: Energy Transfer Offering Exposes Pipeline Parent Trap
Wednesday, August 16, 2017 Investors gave a thumbs up to Energy Transfer Partners LP's decision to raise as much as $1.16 billion by issuing new units.
Can Some Nebraska Farmers Kill the Keystone XL Pipeline?
Monday, August 14, 2017 "When I first started this, it was about my house ... I just wanted to protect my home," said Shannon Graves, who owns a hardware store in Polk, Neb. and lives less than 100 yards from the proposed route of the Keystone XL Pipeline.
Leviathan Partners in Talks to Pipe Gas to Egypt Via Jordan
Thursday, August 10, 2017 Companies developing Israel's largest natural gas reservoir are negotiating an alternative delivery route to key target market Egypt to skirt financial disputes.
Russian Gas Link Offshoot Taps Investors as Sanctions Swirl
Thursday, August 10, 2017 Gascade Gastransport GmbH is in talks with investors to raise money for a new pipeline that will carry more Russian fuel directly to Europe.
British Columbia Says Will Bar Trans Mountain Work Until Consultations Done
Thursday, August 10, 2017 The government of British Columbia will not allow Kinder Morgan Canada to begin work on public land for its Trans Mountain pipeline expansion until it 'meaningfully' consults aboriginal communities.

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Terminals and Storage

New American Oil Tankers Are Great for Traders, Lousy for Owners
Thursday, August 17, 2017 Once rare American-built oil tankers are now plentiful, changing US gasoline flows and giving shipowners headaches.
Glencore To Start Importing Fuel For Mexico In February
Thursday, August 17, 2017 Glencore expects to start importing fuel for Mexico's domestic market in February 2018.
Smart Gas Tankers Earning More Take Scenic Routes Amid Glut
Thursday, August 17, 2017 Advances in technology mean less of the fuel would end up lost at sea during the journey.
Novum Completes First Sale of Imported Diesel to Mexican Retailer
Monday, August 14, 2017 US-based trading firm Novum Energy said it has completed its first sale of imported ultra-low sulfur diesel to a Mexico-based fuel retailer.
Loadings: Iran's Oil Exports To China To Rise To 11-Month High In August
Thursday, August 03, 2017 Iran's oil exports to China may rise to the highest in 11 months in August.
Indian Oil, Partners Look For Cheaper Site For Pacific NorthWest Terminal
Thursday, August 03, 2017 Indian Oil Corp says it is in talks with its partners to scout for an alternative, cheaper site for the Pacific Northwest LNG terminal.

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LNG/LPG

China's Blue Skies Target May Make for Winter Gas Crunch
Thursday, August 17, 2017 The growing global LNG market will help the country meet any surge in demand this winter, says Liu Ming Hui, executive chairman of China Gas Holdings Ltd.
Russell: From Leader To Loser: Australia Risks Missing Next LNG Wave
Thursday, August 17, 2017 Should the arrival of the last major piece of kit in Australia's $180 billion LNG spree be a cause for celebration or for a wake?
Trump Push for Natural Gas Exports Opposed by Manufacturers
Wednesday, August 16, 2017 President Trump's effort to boost US energy is facing push back from manufacturers who say exporting more natural gas may undercut his 'America First' jobs focus.
IOC: Malaysia's Petronas Eyeing Stake In Indian LNG Import Terminal
Wednesday, August 16, 2017 Petronas is looking to buy a stake in Indian Oil Corp's Ennore LNG import terminal, the Indian firm's chairman says.
Woodside Sees Qatar Targeting New LNG Buyers With Supply Surge
Wednesday, August 16, 2017 Woodside expects rival Qatar to target the emerging markets of India and Pakistan with a new wave of supply next decade and not cannibalize traditional Asian buyers.
Egypt To Reduce Imports Of LNG To 80 Cargoes In 2017/18 Year
Monday, August 14, 2017 Egypt is planning to import 80 cargoes of LNG during the 2017-18 financial year that began in July, Petroleum Minister Tarek El Molla told Reuters.

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