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Industry Headlines

A Newcomer's Guide to Oil and Gas: Don't Take This Jeep on Holiday
Tuesday, September 26, 2017 Learn about 'jeep machines' and confined workplaces.
Oil Ghost Towns Dot the Landscape in Texas' Other Shale Patch
Tuesday, September 26, 2017 If Texas' Permian Basin is Exhibit A for the US oil boom that refuses to die, then the Eagle Ford represents all those places that have been left behind.
Permian 'Super Basin' Holds Up to $3.3 Trillion in Untapped Oil
Monday, September 25, 2017 The Permian Basin of Texas and New Mexico holds 60 billion to 70 billion barrels of yet-to-be pumped crude oil, according to a study.
In World's Hottest Oil Patch, Jitters Mount That a Bust Is Near
Monday, September 25, 2017 What's unusual, and unnerving, is that the Permian is still thrumming with activity after prices cratered for the stuff it pumps out.
Boston Energy Research: Oil Price Outlook Unchanged
Monday, September 25, 2017 The outlook for oil prices has not changed much in recent weeks.
Top BP Executive Warns OPEC Needs to Prolong Oil Output Curbs
Monday, September 25, 2017 OPEC and its allies need to extend their crude production cuts beyond March 2018 to rebalance the global oil market, a top executive at BP's trading arm said.
Oil Hits Highest Since July 2015; Producers Say Market Rebalancing
Monday, September 25, 2017 Oil prices soared more than 3%, with Brent hitting its highest in more than two years.
US Not Ruling Out Possible Oil Embargo on Venezuela -Haley
Friday, September 22, 2017 "There's a lot of support in Latin America to see Venezuela start to respect its people and go back to the democracy it's supposed to be," said UN Ambassador Nikki Haley.

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Exploration

Total Makes Foray Into Exxon's Exploration Hotbed Offshore Guyana
Tuesday, September 26, 2017 Total has agreed to pay $1 million for an option to buy a 25% stake in an oil exploration block offshore Guyana.
Sources: India ONGC Strikes 'Good' Offshore Oil, Gas Find
Wednesday, September 20, 2017 ONGC's latest discovery is estimated to hold in-place reserves of about 20 million tonnes.
Sources: Chevron Drills Oil Well In Iraqi Kurdish Area After Two-Year Gap
Wednesday, September 20, 2017 Chevron drilled its first exploration well this month in Iraqi Kurdistan after a two-year break, industry sources say.
China's CNOOC Begins Oil Partner Hunt in Mexico Deep Waters
Friday, September 15, 2017 CNOOC is searching for partners to develop oil prospects deep into the Gulf of Mexico as the Chinese giant extends its global reach.
Uganda Signs Oil Exploration Deal With Australia's Armour Energy
Thursday, September 14, 2017 Uganda signs an oil exploration deal with Australia's Armour Energy Limited.
Aker BP Plans To Drill 6-8 Exploration Wells In 2018
Wednesday, September 13, 2017 Aker BP plans to drill between six and eight exploration wells off Norway next year, including four in the Barents Sea.

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Production

Turkey Warns Iraq Kurds It Can 'Close the Valves' on Oil Exports
Monday, September 25, 2017 Turkey can choose to 'close the valves' on oil exports from Iraq's Kurdish region through the Turkish port of Ceyhan, President Recep Tayyip Erdogan warned as Kurds voted.
Total Extends 5% Annual Oil Output Growth Target
Monday, September 25, 2017 Total extended its 5% annual average oil production growth target until 2022.
Nigeria's NPDC Says To Raise Output To 300,000 Bpd By 2018
Monday, September 25, 2017 The main subsidiary of Nigeria's state oil company says it planned to increase production from fields.
Fault at Israel's Tamar Gas Field Prompts Use of Dirtier Fuels
Friday, September 22, 2017 A fault in the supply of natural gas from Israel's only commercial field has forced Energy Minister Yuval Steinitz to authorize the use of alternative fuel sources to produce electricity.
Iraq's Kurds Seek Independence: What Impact for Oil Markets?
Thursday, September 21, 2017 At stake are the petrodollars that have helped sustain the Kurdish Regional Government's semi-autonomous rule after a budgetary deal with the federal government fell apart.
Russia's Lukoil Eyes Decade Of Oil Output Growth
Wednesday, September 20, 2017 Lukoil expects its output to rise over the next 8-10 years as it brings new fields onstream, vice president and co-owner Leonid Fedun says.

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Finance and Investing

Petrobras To Sell $2 Billion In Bonds, Replace Costlier Debt
Monday, September 18, 2017 Petrobras will issue up to $2 billion in new bonds as part of a plan to repurchase shorter-dated, expensive securities
Saudis Are Said to Prep for Possible Aramco IPO Delay to '19
Thursday, September 14, 2017 Saudi Arabia is preparing contingency plans for a possible delay to the initial public offering of its state-owned oil company by a few months into 2019, according to people familiar with the matter.
Trafigura CFO Sees Puma Listing Within Five Years
Thursday, September 14, 2017 Puma Energy is likely to become a listed company within the next five years, Trafigura's CFO Christophe Salmon says.
BP Files For IPO Of US Midwest, Gulf Coast Pipeline Assets
Monday, September 11, 2017 BP files for an initial public offering of its US Midwest and Gulf Coast pipeline assets.
Will Saudi Aramco Deliver World Record Profit For Next Year's IPO?
Friday, September 08, 2017 When Saudi Aramco discloses its financials for the first time next year, it must either surprise investors with world record profits or reduce its aspirations for a $2T valuation in its IPO.
BP, Reliance Close in on India Gas Field Near Missile Test Site
Thursday, September 07, 2017 Reliance Industries and its partner BP are reviving investment plans for a gas block close to a military missile launching facility in the Bay of Bengal.

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Company Operations

Harvey Strikes Employment: CB&I Lays Off Hundreds
Monday, September 25, 2017 Damages sustained by Hurricane Harvey have forced the closure of one of CB&I's facilities in Beaumont, Texas.
Statoil Among Firms Seeking Stakes in Abu Dhabi Offshore Blocks
Monday, September 25, 2017 Statoil is among producers involved in discussions with ADNOC about joining offshore production in the emirate, according to a Norwegian diplomatic dispatch.
Papua New Guinea Government To Sell Stake In Oil Search
Thursday, September 21, 2017 The cash-strapped government of Papua New Guinea (PNG), looking to pay off nearly $1 billion in debt, is selling its stake in Oil Search.
Petrobras CEO Says Transfer Of Rights Talks Still Ongoing
Wednesday, September 20, 2017 It is unclear when talks will conclude with the government on a revaluation of stakes in offshore oil blocks known as 'Transfer of Rights' areas, a Petrobras executive says.
Russia's Sistema Appeals Against Court Decision To Pay Rosneft
Tuesday, September 19, 2017 Sistema says it had appealed against a court ruling that it should pay damages to Rosneft.
Premier Oil Seeks Buyer For Stake In North Sea Gas Field
Thursday, September 14, 2017 Premier Oil is seeking to sell half of its stake in the Babbage gas field in the North Sea, according to a document seen by Reuters.

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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

Hurricane Maria Hits US Refineries Without Touching Land
Tuesday, September 26, 2017 At least two East Coast refineries are making less gasoline and diesel as rough Atlantic seas hamper the transfer of crude oil from ships to barges for delivery to the facilities.
'Game-Changer' Canada Oil Sought by Japan Refiner Going Solo
Monday, September 25, 2017 Cosmo is emerging from the revamp with its independence intact. It's now considering buying Canadian oil for the first time ever
Exxon's Baytown, Texas Refinery Operations Normal
Monday, September 25, 2017 ExxonMobil says operations at the company's Baytown refinery have returned to normal.
How Refiners See the 0.5 Percent Sulphur Fuel Production World
Monday, September 25, 2017 Many refiners are not properly equipped for the low-sulphur transition and will need to revisit their business models.
Sri Lanka in Talks with Two Chinese Firms for $3 Bln Refinery
Friday, September 22, 2017 Sri Lanka wants to build a new refinery in its southern Hambantota port.
Europe Diesel Exports Hit Record as Harvey Redraws Trade
Friday, September 22, 2017 Traders expect the European exports to continue for several more weeks.
Venezuelans Face Growing Queues To Buy Gasoline
Thursday, September 21, 2017 Venezuelan drivers are facing growing queues to buy gasoline despite having the world's largest oil reserves.

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Biofuels

Total Steps Up Renewables Drive With EREN, GreenFlex Deals
Tuesday, September 19, 2017 Total steps up its expansion into renewables with investments in solar and wind energy producer EREN RE and energy efficiency firm GreenFlex.
EU Cuts Duties On Argentine Biodiesel, Challenge To Come
Tuesday, September 19, 2017 The European Union will lower import duties on Argentine biodiesel after the WTO ruled against initial measures.
US Soyoil, Fuel Credits Jump On Duties For Argentina Biodiesel Imports
Wednesday, August 23, 2017 US soyoil prices jumped 1.8% while biomass-based diesel fuel credits also gained on expectations.
Meghan O'Sullivan: Renewables Won't End Geopolitics of Energy
Monday, August 21, 2017 In another sign that the age of fossil fuels is waning, the California State Senate has passed a bill to commit the state to use 100% renewable energy for power by 2045.
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.

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Petrochemical

Ifax: Saipem To Conduct Feasibility Study On Rosneft Chemical Plant
Friday, September 15, 2017 Rosneft has commissioned Saipem to conduct a technical and commercial feasibility study of Rosneft's planned petrochemical plant.
Oil And Chemical Spills From Hurricane Harvey Big, But Dwarfed By Katrina
Friday, September 15, 2017 More than 22,000 barrels of oil, refined fuels and chemicals spilled at sites across Texas in the wake of Hurricane Harvey.
'Beautiful Coal' Seeks New Life as Carbon Fiber for Vehicles
Thursday, September 14, 2017 Cheaper carbon fiber could expand demand for the material.
US Coast Guard, EPA Cleaning Up A Dozen Texas Chemical Spills After Harvey
Monday, September 11, 2017 The US Coast Guard and the EPA are working with Texas state regulators to clean up oil and chemicals spilled from a dozen industrial facilities after flooding from Hurricane Harvey.
CB&I Wins China PDH Unit Contract
Monday, September 11, 2017 Propane dehydrogenation unit will boast 600,000 metric tons per year of propylene production capacity.
Police And EMTs Sue Arkema Over Chemical Plant Fire After Harvey
Thursday, September 07, 2017 Police and emergency workers filed suit against Arkema SA.

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Pipelines

Silicon Meets Steel as Pipeline Operators Try Fiber-Optics
Friday, September 22, 2017 They're piloting a system that can pinpoint leaks and other disturbances down to the centimeter.
Phillips 66 Partners To Buy Bakken Assets From Phillips 66
Friday, September 22, 2017 Phillips 66 Partners LP says it would buy pipeline and other assets from parent Phillips 66 in a $2.4B deal.
Russia Set To Pipe More Oil To China, Stepping Up Race With Saudis
Thursday, September 21, 2017 Chinese oil refineries are gearing up to receive more Russian oil transported through an expanded Siberian pipeline network from January.
New Zealand Military Called In After Pipeline Leak Hits Air Travel
Monday, September 18, 2017 New Zealand called in its defense force to help move fuel around the country after a burst oil pipeline triggered a jet fuel shortage.
Russia's Rosneft Clinches Gas Pipeline Deal With Iraq's Kurdistan
Monday, September 18, 2017 Rosneft will invest in gas pipelines in Iraq's autonomous Kurdistan, expanding its commitment to the region ahead of an independence referendum.
Forget Oil, Water Is New Ticket for Pipeline Growth in Texas
Friday, September 15, 2017 The torrent of dirty water coming out of almost every American oil well is the next big bet for a former fund manager for billionaire Paul Allen.

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Terminals and Storage

Enterprise: US Oil Exports To Meet 5% Of Non-US Global Demand By 2022
Monday, September 25, 2017 Crude oil exports from the United States will increase to meet 5 percent of global demand by 2022.
Iran Vows Oil Exports as Cargoes Seen Unscathed by Trump Threat
Monday, September 25, 2017 Iran will persist with exporting its oil to global customers, unfettered by Donald Trump's intensifying offensive against the country, according to the Middle East nation's state-run producer.
Buckeye Partners' Puerto Rico Oil Terminal Still Closed after Maria
Friday, September 22, 2017 Buckeye did not say if the tanks at the 4.6-million-barrel terminal were damaged by Hurricane Maria.
EPA Extends Enforcement Discretion for Harvey-hit Fuel Storage Facilities
Friday, September 22, 2017 Similarly, EPA extended enforcement discretion for certain air pollutants from gasoline storage tanks during so-called roof landings.
Mexico's Pemex Says Gasoline, Diesel Supplies Guaranteed
Thursday, September 21, 2017 Pemex says its installations suffered no significant damage from an earthquake.
Abu Dhabi's Adnoc Is Said to Consider IPO for Shipping Business
Thursday, September 21, 2017 Abu Dhabi National Oil Co. is considering a plan to sell shares in its shipping unit as part of a broader strategy to attract investment.

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LNG/LPG

Mozambique Moves Closer to LNG Development, but Hurdles Remain
Tuesday, September 26, 2017 Mozambique has signed framework agreements for two LNG terminals, but market and contractual risks as well as potential above-ground problems present difficulties.
Twice-Rejected US LNG Exporter Gives Project Another Shot
Friday, September 22, 2017 The developer of a liquefied natural gas export terminal in Oregon that has already twice been denied permits by US regulators is giving it another shot.
Glencore Strikes Multi-Year Purchase Deal With Angola LNG
Wednesday, September 20, 2017 Glencore is to buy LNG supplies from Angola LNG over a multi-year period.
WoodMac: LNG Growth To Propel Oil And Gas Industry's Carbon Emissions
Wednesday, September 20, 2017 LNG will be the biggest source of carbon emission growth for the world's top oil and gas companies by 2025, according to a new study by Wood Mackenzie.
Japan's Mitsui OSK Targets 26% Stake In Swan's Indian LNG Unit
Monday, September 18, 2017 Mitsui OSK Lines aims to buy at least a 26% stake in a floating storage regassification unit (FSRU) in India.
Russia's Gazprom Signs LNG Supply Deal With Ghana
Monday, September 18, 2017 Gazprom has signed a 12-year deal to supply Ghana National Petroleum Corporation (GNPC) with liquefied natural gas.
China's CNOOC Ends Feasibility Study For Western Canadian LNG Terminal
Thursday, September 14, 2017 CNOOC says it will end the feasibility study for its LNG export terminal on British Columbia's coast due to low global commodity prices.

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Brent Crude Oil : $59.02/BBL 3.79%
Light Crude Oil : $52.22/BBL 3.07%
Natural Gas : $2.92/MMBtu 1.31%
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