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BLOG: What You Didn't Know about Millennials in the Workplace

Industry Headlines

World's Biggest Oil Traders See Wildly Diverging Crude Price
Thursday, October 19, 2017 The world's biggest oil traders say crude could rise above $60 a barrel in a year as demand grows and OPEC keeps cutting.

Mexico Expects To Hold A Third Oil And Gas Auction In 2018
Thursday, October 19, 2017 Mexico's oil regulator will likely add another oil auction featuring conventional onshore oil and gas blocks, a senior official says.

Forget Peak Demand, Norway's Oil Chief Wants More Crude to Pump
Thursday, October 19, 2017 The renewable energy revolution doesn't scare the man overseeing western Europe's biggest crude oil spigot.

BLOG: What You Didn't Know about Millennials in the Workplace
Thursday, October 19, 2017 A new study by Deloitte paints a very different millennial worker than we've been conditioned to believe.

Oil Drops More Than 1% On Profit Taking After 4 Days Of Gains
Thursday, October 19, 2017 Oil prices fell more than 1%, breaking four days of gains.

Oil's Biggest Rigs Headed to Junkyard as Daily Losses Mount
Wednesday, October 18, 2017 Transocean's recent move signals just how bleak the future looks for deepwater drilling.

Republican Tactic Aims to Open Eastern Gulf, Arctic to Oil Rigs
Wednesday, October 18, 2017 Congressional Republicans have found a way to use the federal budget to open the Arctic National Wildlife Refuge to oil drilling.

Total CEO: US Shale Oil Industry To See Wave Of Investment
Wednesday, October 18, 2017 The US shale industry will see another production surge in 2018 as producers have sharply ramped up bets against a fall in oil prices, major oil executives and bankers say.

Financial, Security Woes Put Libyan Oil Recovery On Shaky Ground
Wednesday, October 18, 2017 Libya's oil production revival is being undermined by the same financial, economic and security problems that threaten the promise of stability.

Oil Pares Gains Into Settlement; US Fuel Stockpiles Rise
Wednesday, October 18, 2017 Oil prices settled slightly higher on Wednesday, with Brent touching three-week highs.


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Exploration

Energean: Montenegro In 'Sweet Spot' Of Untapped Adriatic O&G Potential
Thursday, October 19, 2017 Two blocks offshore Montenegro awarded to Greece's Energean Oil & Gas are estimated to have 1.8 trillion cubic feet of recoverable natural gas reserves, Energean says.

African Petroleum Seeks Arbitration Over Gambia Oil Dispute
Wednesday, October 18, 2017 African Petroleum Corp has begun arbitration proceedings over Gambia's decision to strip the company of its rights to explore for oil in two offshore areas.

Arctic Oil Promise Keeps Norway's Disappointed Wildcatters Going
Monday, October 16, 2017 It's been a bad year for oil explorers in Norway's Arctic, but companies aren't about to give up.

WoodMackenzie: Norway Remains Among World's Top 10 Places To Discover Oil
Thursday, October 12, 2017 Norway remains among the top 10 places to find oil worldwide, consultancy firm Wood Mackenzie says.

BP, Azerbaijan's SOCAR To Sign Caspian Sea Exploration Deal In 2017
Thursday, October 12, 2017 SOCAR plans to sign a production-sharing agreement with BP to jointly explore prospects in a new block.

Bids On Lebanon Offshore Energy Blocks Close
Thursday, October 12, 2017 Lebanon's Energy Minister Cesar Abi Khalil says a tender has closed on a first round of offshore energy blocks.

Tullow Oil Signs Exploration Contracts Offshore Ivory Coast
Wednesday, October 11, 2017 Tullow Oil has signed four production-sharing contracts in Ivory Coast with an initial investment of $21 million.


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Production

OPEC Sends Strongest Signal Cuts Will Be Extended to End-2018
Thursday, October 19, 2017 OPEC sent its strongest signal yet that output cuts will be extended until the end of 2018.

Encana Calls End to Permian Race as Focus Turns to Output
Wednesday, October 18, 2017 Investors will focus on how profitably companies are able to produce from their current holdings, Suttles says.

Iraq Aims To Double Kirkuk Oil Output Capacity To More Than 1 MMbpd
Tuesday, October 17, 2017 Iraq plans to contract a foreign oil company to almost double the oil production capacity of the northern Kirkuk fields.

Iraqi Forces Seize Oil City Kirkuk From Kurds In Bold Advance
Monday, October 16, 2017 Iraqi government forces captured the major Kurdish-held oil city of Kirkuk, responding to a Kurdish referendum on independence.

Weak Alberta Gas Prices To Hurt Producer, Provincial Revenues
Friday, October 13, 2017 Western Canadian natural gas prices have been stuck at historically weak levels since summer due to prolonged pipeline maintenance.

OPEC Is Said to See Oil Inventory Glut Finally Gone in One Year
Thursday, October 12, 2017 OPEC expects its efforts to clear the surplus in oil inventories to finally succeed by the end of the third quarter of next year, say people familiar with the group's internal forecasts.

IEA: China's Crude Oil Buying Spree Looks Set To Continue
Thursday, October 12, 2017 China has built its crude oil stockpiles at a record pace in 2017 and inventories could hit the billion-barrel mark in six months, IEA says.


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Finance and Investing

Iraq Turmoil Threatens Billions in Oil Traders' Kurd Deals
Thursday, October 19, 2017 The crisis unfolding around the Iraqi city of Kirkuk has left some of the world's largest commodity trading houses worried.

Saudi Oil Minister Says Full Aramco IPO Is on Track for 2018
Wednesday, October 18, 2017 Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company.

Angola Is Not The Next Venezuela, State Oil Firm Says As It Cuts Debt
Wednesday, October 18, 2017 Angola is not the next Venezuela, the head of state oil firm Sonangol says.

BP Midstream Partners Seeks To Raise Up To $893MM In IPO
Monday, October 16, 2017 BP Midstream Partners says it expects to raise up to $893 million from its initial public offering.

Saudis Said to Weigh Delaying International Part of Aramco IPO
Friday, October 13, 2017 Saudi Arabia is considering selling shares in Saudi Aramco next year while delaying the international portion of the IPO until 2019, according to sources.

Kemp: Investors Hit Peak Bullishness On Oil
Monday, October 16, 2017 The wave of investor bullishness towards oil that started back in July and August may have peaked at the end of September.


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Company Operations

BP Chairman Svanberg to Retire; Search Starts for Successor
Thursday, October 19, 2017 BP's Chairman Carl-Henric Svanberg to retire.

Thailand's PTTEP Delays Canadian Oil Sands Project At Cost Of $550MM
Thursday, October 19, 2017 PTTEP says it was delaying plans investment for the Mariana Oil Sands in Canada.

Schlumberger's Latest Asset Deal Raises Fresh Concerns Ahead Of 3Q
Thursday, October 19, 2017 Schlumberger seals a deal to buy oil and gas assets worth $1 billion from Cenovus Energy.

Kremlin Oil Major Piles Up Investments In Iraq's Kurdistan Amid Crisis
Wednesday, October 18, 2017 Rosneft has agreed to invest $400 million in five oil blocks in Iraqi Kurdistan, increasing Moscow's exposure to the semi-autonomous region.

Avenue Capital Urges Ocean Rig To Hire Advisers
Tuesday, October 17, 2017 Ocean Rig UDW's fifth-biggest investor Avenue Capital Group urged the offshore driller to hire advisers to review 'opportunities.'

Ineos Appoints New Shale Boss to Build a UK Natural Gas Boom
Monday, October 16, 2017 Ineos AG has taken another step toward creating a shale boom on its side of the Atlantic.

India's Reliance Industries 2Q Profit Up 7%, Lags Estimates
Friday, October 13, 2017 Reliance Industries posts a 7.3% rise in its 2Q standalone net profit.

Emerson Expands Technology Footprint, Acquires Paradigm
Tuesday, October 17, 2017 Emerson has agreed to acquire Paradigm, a leading provider of software solutions for the oil and gas industry.

Exec: Petronas' Canadian Unit To Look At Other LNG Opportunities
Wednesday, October 11, 2017 Progress Energy will look at other liquefied natural gas opportunities as a way to monetize its Canadian gas assets.


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Policy

Tillerson Flap Bad Timing for Iran Decision: Balance of Power
Thursday, October 05, 2017 Signs of friction are again plaguing Donald Trump's White House at a pivotal moment for his policy agenda.

Oil Drillers May See Big U.S. Tax Cut - If Deductions Survive
Thursday, October 05, 2017 U.S. oil explorers could see a multibillion-dollar benefit from a move to slash the U.S. corporate tax rate but some of the industry's biggest tax breaks could also be under fire.

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.


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Refining

In 'Energy City' USA, Hurricane Harvey's Fury Is Still Lingering
Thursday, October 19, 2017 It took five weeks for the largest US oil refinery to get back to normal after Hurricane Harvey.

China's CEFC Eyes Big League With Rosneft Oil Offtake Deal
Tuesday, October 17, 2017 For China, the world's top crude importer, having access to Russian oil would be a big step towards its ambition to create a globally integrated oil supply chain.

Newest Outpost For US Crude Exports: India
Tuesday, October 17, 2017 India is set to emerge as a key market for American crude exports in coming months.

EU Imposes Oil Embargo On North Korea In Symbolic Gesture
Monday, October 16, 2017 The European Union banned the sale of oil and oil products to North Korea.

OPEC's Output Curbs Squeeze World's Biggest Oil Refining Complex
Monday, October 16, 2017 Being sophisticated in the age of OPEC output curbs can prove a disadvantage, as the operator of the world's biggest oil-refining complex is discovering.

OMV Flags Higher 3Q Margins, Kurdistan Windfall
Friday, October 13, 2017 OMV says its refining margin rose to $7.04 per barrel in the third quarter.

Mercuria: Record US Oil Exports Set To Surge Further
Friday, October 13, 2017 Already record US oil exports are set to surge further in the coming month.


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Biofuels

EPA Chief Calls for Ending Wind Tax Credits to Help Coal Survive
Tuesday, October 10, 2017 Tax incentives for the wind industry should be eliminated, Environmental Protection Agency administrator Scott Pruitt says.

Senators Object to Plan to Lower US Renewable Fuel Requirements for 2018
Thursday, October 05, 2017 A group of 38 U.S. senators asked the U.S. Environmental Protection Agency to abandon plans to lower biofuels requirements for oil refiners in 2018, according to a letter made public by the office of Senator Amy Klobuchar of Minnesota.

U.S. Trade Dispute Scaring Companies From Buying Solar Power
Thursday, October 05, 2017 A trade dispute over solar imports has stalled clean-energy projects across the U.S.

Statoil Takes First Bite Of Solar Market With Brazilian Joint Venture
Wednesday, October 04, 2017 Statoil is taking its first step into the solar sector, partnering up with Oslo-listed renewable energy firm Scatec Solar.

IEA Lifts Five-Year Renewables Forecast After Record 2016
Wednesday, October 04, 2017 The IEA raises its forecasts for renewable energy over the next five years.

Shell Said to Seek Sale of Stake in $1.4 Billion Wind Farm
Tuesday, October 03, 2017 Shell and its partners Eneco Holdings NV and Mitsubishi are seeking to sell a stake in two Dutch offshore wind-farm projects.


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Petrochemical

China's Hengyi Opens Singapore Trade Office For Brunei Oil-Petchem Project
Monday, October 16, 2017 Hengyi Group has started a trading office in Singapore to buy crude and trade oil products from its $3.4B Brunei project, company officials say.

Slowing Demand Growth to Push Big Oil From Cars to Chemicals
Monday, October 16, 2017 Global oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting companies to accelerate the shift to natural gas and chemicals, according to WoodMac.

Sasol Plans More Hiring for Louisiana Project
Thursday, October 12, 2017 Company hits milestone for $11 billion ethane cracker and derivatives project.

Fluor to Lead Engineering, Procurement for $2.4B Texas Project
Tuesday, October 10, 2017 Fluor gets another role in $2.4B LyondellBasell Texas project.

CEFC Head Riffs on $30 Oil and Rosneft in 12,000-Word Note
Tuesday, October 03, 2017 While there's a risk oil may slide below $30 as its displaced by alternative energy sources, it will still be used to make petrochemicals, said the head of the enigmatic Chinese company.

Petronas Chem Sells Half Of Polymers Business To Saudi Aramco For $900MM
Monday, October 02, 2017 Petronas Chemicals Group Bhd (PCG) says it plans to sell 50% of a polymers unit to Saudi Aramco's wholly owned subsidiary.


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Pipelines

Juncker: No EU Unity For Russia Nord Stream 2 Talks
Thursday, October 19, 2017 The European Commission says that despite a lack of unity among member states over Russia's plans for a new gas pipeline to Germany, it would press ahead.

Iraq's Oil Exports via Turkey Dwindle as Kirkuk Fields Stay Shut
Thursday, October 19, 2017 Crude exports from northern Iraq fell again, and output remained curtailed in the nation's disputed Kirkuk province.

Kinder Morgan 3Q Revenue Dips On Harvey Impact
Wednesday, October 18, 2017 Kinder Morgan reports a 1.5% fall in quarterly revenue, partly due to the impact of Hurricane Harvey.

Storm In Western Canada Disrupts Crude Oil Pipelines
Wednesday, October 18, 2017 Two crude oil pipelines in western Canada were shut down on Wednesday after stormy weather caused power outages in parts of Alberta and Saskatchewan.

Iraq's Pipeline Exports Slump After Clash With Kurds at Kirkuk
Wednesday, October 18, 2017 Oil exports from northern Iraq dropped by more than half as production in the country's disputed Kirkuk province slumped for a second day.

Capline Owners Gauge Interest in Pipeline Reversal
Tuesday, October 17, 2017 Marathon Pipe Line, Plains All American, BP may convert crude pipeline's flow from northbound to southbound.

China's CNPC Starts Third Natural Gas Pipeline To Shanghai
Friday, October 13, 2017 China National Petroleum Corporation has started operating the third natural gas pipeline into Shanghai.

Court Rejects PGniG's Attempt To Limit Gazprom's Use Of Opal Pipeline
Friday, October 13, 2017 A German court confirmed it had rejected a request by Polish energy company PGniG and its German subsidiary.


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Terminals and Storage

Asia Oil Buyers Turn To US In Hunt For Cheap Supply
Monday, October 16, 2017 Asia is set to ramp up crude oil imports from the United States in late 2017 and early next year.

Russell: China Crude Oil Storage Splurge Is OPEC's Best Friend
Monday, October 16, 2017 China's crude oil imports surged to the second-highest on record in September, but this isn't a sign of supercharged demand in the world's second-biggest economy.

Shrinking Europe Oil Glut Gets Even Smaller After US Hurricane
Wednesday, October 11, 2017 If you want to see how the oil market's re-balancing, just take a look at Europe's storage tanks.

Colonial Partners With Enterprise For Fuel Exports From Beaumont Terminal
Tuesday, October 10, 2017 Colonial Pipeline and Enterprise Products Partners said they have partnered to boost exports from the Beaumont refined oil products terminal in Texas.

Total, Eni, Statoil Seek Buyers for N. Sea Teesside Terminal -Sources
Monday, October 09, 2017 The sale is run jointly by investment bank Rothschild and may fetch as much as $400 million, according to the sources.

Oil Traders Hoard Less on Ships Near Singapore as Market Flips
Monday, October 09, 2017 One of the biggest stores of oil at sea is showing signs of emptying out.


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LNG/LPG

Statement: Indonesia To Extend Inpex's Masela LNG Contract By 27 Years
Thursday, October 19, 2017 Indonesia has agreed with Inpex to extend the company's contract to operate the Masela natural gas field by up to 27 years.

Eni Looks To Strengthen Ties With Rosneft, Maybe In LNG
Thursday, October 19, 2017 Eni is keen to strengthen ties with Rosneft and could forge a partnership in the LNG sector.

LNG Producers Take Time To Relax Destination Clauses Despite Japan Ruling
Wednesday, October 18, 2017 Global liquefied natural gas suppliers are taking time to revise destination clauses in supply contracts for Japanese buyers.

America's Shale Gas Guru Seeks Buyers, Only Finds Partners
Wednesday, October 18, 2017 The billionaire evangelist of US natural gas exports is finding himself having some surprising conversations these days.

CEO: MET International Plans To Boost LNG Trades In 2018
Tuesday, October 17, 2017 MET International AG plans to boost its LNG trades in Europe next year.

Russia's Novatek Says Yamal LNG Seen Expanding By 1 Million Tonnes
Tuesday, October 17, 2017 Novatek plans to expand the Yamal LNG project by one more train.

Small-Scale FLNG Consortium Eyes Australia Pilot Site
Tuesday, October 17, 2017 Norway's Add Energy, Australia's Transborders Energy and other partners will pick a site early next year for a low-cost FLNG development.

Wood to Design Pioneering LNG Platform
Tuesday, October 17, 2017 Offshore facility to liquefy, store gas from Texas' Permian Basin.


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