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Industry Headlines

Qatar Expats Say Leave Canceled, Travel Restricted After Arab Rift
Thursday, June 22, 2017 Expatriates working in Qatar say their employers had canceled holidays and barred them from leaving the country in the wake of a rift with other Arab powers.
SolstadFarstad Emerges After Company Mergers
Thursday, June 22, 2017 Solstad Offshore, Farstad Shipping and Deep Sea Supply have now merged into one company named SolstadFarstad ASA.
Softer UK Immigration Stance Welcomed by Industry
Thursday, June 22, 2017 A 'softer' stance on immigration in the UK will be welcomed by the oil and gas industry, according to Peter Searle, CEO of Airswift.
Price Drop Marks 'Concerning Time' for Producers
Thursday, June 22, 2017 The drop in oil prices recently marks a concerning time for a lot of producers, Michael Burns, an oil and gas partner at law firm Ashurst told Rigzone.
Rig Trends: Offshore Rig Market Recovery Reports Premature
Thursday, June 22, 2017 For quite some time now, many oilfield analysts have reported the beginning of a recovery in offshore rig demand.
Traders Test OPEC 'Whatever It Takes' Resolve To Defend Oil Price
Thursday, June 22, 2017 When OPEC leader Saudi Arabia pledged in May to do 'whatever it takes' to defend world oil prices, it didn't expect the market to be testing its resolve just one month later.
Storm Cindy Bears Down on Gulf Coast After Curbing Oil, Gas
Wednesday, June 21, 2017 Tropical Storm Cindy shuts energy production in the Gulf of Mexico, disrupted shipping and forcing workers off oil and gas platforms.
Oil Drops To 10-Month Low; Biggest First-Half Slide In 20 Years
Wednesday, June 21, 2017 Oil prices ended down more than 2% after hitting a 10-month low in volatile trade.

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Exploration

UK Wants To Revive Gas Extraction In Oldest Part Of North Sea Oil Basin
Thursday, June 22, 2017 Britain wants oil and gas drillers to recover pockets of gas that are more difficult to reach in a part of the North Sea.
Norway Offers Record Number Of Blocks For Arctic Oil Exploration
Wednesday, June 21, 2017 Norway offers a record number of blocks for oil and gas exploration in the Arctic Barents Sea.
Faroe Islands Looks To Restart Hunt For Oil And Gas
Wednesday, June 21, 2017 Oil companies are interested in restarting the hunt for oil and gas in the scarcely explored seas off the Faroe Islands.
OGA Announces Measures to Stimulate UKCS Interest
Monday, June 19, 2017 The Oil and Gas Authority (OGA) announces a number of measures designed to make data openly available and stimulate interest in the UK Continental Shelf (UKCS).
Rosneft Discovers Hydrocarbons on Eastern Arctic Shelf
Monday, June 19, 2017 Rosneft discoveres hydrocarbon deposits on the Eastern Arctic shelf.
ExxonMobil To Proceed With Development Of Liza Field Offshore Guyana
Friday, June 16, 2017 ExxonMobil says it will proceed with the development of one of the largest oil discoveries of the past decade, the Liza oil field.
Greka Drilling Secures 3-Year Drilling Deal with ONGC
Friday, June 16, 2017 Greka Drilling Limited secures a 3 year drilling contract with Oil & Natural Gas Corporation Limited.

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Production

Iraq's Oil Exports In June Near May Level, Oil Minister Says
Thursday, June 22, 2017 Iraq's oil exports from fields owned by the central government in Baghdad are at around the same level as in May.
Thailand To Announce Winners For Erawan, Bongkot Gas Fields In Feb 2018
Thursday, June 22, 2017 Thailand will announce the winning bids to take over the concessions to operate the Erawan and Bongkot offshore natural gas fields in the Gulf of Thailand in February next year.
Gas Leak at Gjoa
Thursday, June 22, 2017 A gas leak occurred late Wednesday at the ENGIE E&P operated Gjoa field, located in the North Sea, according to a company statement.
Poland Suspends Russian Gas Supplies Via Yamal Pipeline Due To Poor Quality
Wednesday, June 21, 2017 Poland temporarily halted gas deliveries from Russia via the Yamal pipeline due to poor quality of the gas.
Norwegian Production Declining
Wednesday, June 21, 2017 Norwegian production is decreasing, according to preliminary output figures released by the Norwegian Petroleum Directorate.
Shell Nigeria Considering Investment In Gas Project In Niger Delta
Tuesday, June 20, 2017 Shell is considering whether to invest in a gas project in Nigeria's southern Niger Delta energy hub.
OMV Restarts Work At Tunisian Nawara Gas Project After Blockade Ends
Tuesday, June 20, 2017 OMV restarts work at its Nawara natural gas project in southern Tunisia.

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Finance and Investing

Russia's Rosneft CEO Says Takeover Of India's Essar Is Closed
Thursday, June 22, 2017 The takeover of India's Essar Oil by Russia's largest oil producer Rosneft can be now considered as closed.
French Oil Services Firm CGG Files For Bankruptcy
Wednesday, June 14, 2017 CGG says it filed for bankruptcy in France and the United States as part of financial restructuring to reduce its debt burden.
Putin Asks Rosneft To Consider Paying 50% Of Net Profit In Dividend
Tuesday, June 20, 2017 Russian President Vladimir Putin has asked Igor Sechin, the head of Rosneft, to consider the possibility of paying 50% of net income in dividends.
Canada Oil, Gas Assets Beat US in Clash for Foreign Cash
Tuesday, June 20, 2017 As energy mergers and acquisitions activity in North America heats up, Canada's attitude toward foreign investors welcomes cash from China, other nations.
Maersk Will Only List Oil Business
Friday, June 16, 2017 Danish shipping and oil conglomerate A. P. Moller-Maersk aims to list its oil business soon but has dropped plans to list other smaller units separately, Danish newspaper Berlingske reports.
Dana Gas's Sukuk Holders Say Firm's Offer 'Repudiation' Of English Law
Thursday, June 15, 2017 An ad hoc committee representing holders of $700 million of sukuk issued by Dana Gas says the company's decision to halt payments on the Islamic bonds is a 'repudiation' of English law.

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Company Operations

Delek To List New Unit That Will Take Over Part Of Tamar Stake
Thursday, June 22, 2017 Israeli oil company Delek Drilling sets up a company that will take over a 9.25% stake in the Tamar natural gas field.
Michigan Fires Contractor Doing Enbridge Oil Pipeline Risk Analysis
Wednesday, June 21, 2017 The US State of Michigan said it has fired a consultant after state officials discovered a conflict of interest with an employee of the company.
Australia Energy Company Requests Arbitration In Row Over Oil Project
Wednesday, June 21, 2017 Woodside Petroleum confirms that fellow Australian energy company FAR Ltd had requested arbitration in an ownership dispute that has delayed a promising oil project off Senegal.
Monadelphous in 'Major' Contract Win
Wednesday, June 21, 2017 Monadelphous secures a 'major' contract with Woodside Energy Ltd for the provision of gas asset general maintenance services and offshore brownfields implementation.
Total Energy Services Completes Savanna Energy Services Acquisition
Wednesday, June 21, 2017 Total Energy Services Inc. completes acquisition of Savanna Energy Services Corp.
Italy's Eni, Iran Sign Agreement For Oil And Gas Field Studies
Tuesday, June 20, 2017 Eni and National Iranian Oil Company (NIOC) sign a memorandum of understanding for feasibility studies on the development of an oil field and a gas field.

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Policy

Document: Trump Admin To Suspend Rule On Natural Gas Waste
Wednesday, June 14, 2017 The Trump administration will suspend compliance dates on a rule limiting methane emissions from oil and gas companies working on public lands as soon as Thursday.
Key Shale-Boom Booster Threatened by Trump's Spending-Cut Plans
Wednesday, June 07, 2017 An agency instrumental to America's surge in energy production would lose half its funding in President Donald Trump's proposed federal budget.
UK Hung Parliament Can Only Lead to Potential For 'Further Uncertainty'
Friday, June 09, 2017 A hung parliament in the UK can only lead to the potential for further uncertainty for the region's oil and gas industry, Michael Burns, oil and gas partner at law firm Ashurst tells Rigzone.
Green Groups Ask Court To Reverse EPA's Freeze Of Methane Rule
Monday, June 05, 2017 Green groups responded to the US EPA's attempt to freeze a rule requiring oil and gas companies to fix methane leaks in their equipment.
Nigeria Oil Governance Bill Aims To Break Up State Oil Company NNPC
Friday, May 26, 2017 The long-awaited oil governance bill passed by Nigeria's upper chamber of parliament proposes breaking up the state oil company.
Nigeria's Senate Passes Long-Awaited Oil Governance Bill
Thursday, May 25, 2017 Nigerian Oil Minister Emmanuel Ibe Kachikwu says Nigeria was not opposed to joining OPEC production caps but would have to wait and see if production came back to acceptable levels.

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Refining

NNPC: Indonesian Firm Interested In Building Crude Oil Refinery In Nigeria
Wednesday, June 21, 2017 PT Intim Perkasa has expressed an interest in building a refinery in Nigeria, the West African country's state oil company says.
Fuel Oil Margins Rise To 5-Year High, Potential Boon For Simple Refiners
Wednesday, June 21, 2017 Fuel oil profit margins have surged to their highest in more than five years on lower supplies and rising demand from electric power generators.
Venezuela's PDVSA Says Cardon Refinery Cracker Working Normally
Wednesday, June 21, 2017 The catalytic cracking unit at Venezuela's 310,000-barrel-per-day (bpd) Cardon refinery is now working normally.
Protest-Hit Ethiopia Region Plans Oil Company To Calm Unrest
Wednesday, June 21, 2017 A central Ethiopian region that's seen almost two years of sporadic anti-government protests is planning a new private oil company and is in talks to import Middle Eastern crude.
Mexico Seen Importing More US Gasoline With Top Refinery Out
Wednesday, June 21, 2017 Mexico is expected to increase imports from the US with Pemex's biggest refinery out of service for at least two weeks.
Venezuela Looks Abroad for Fuel as Domestic Production Wanes
Tuesday, June 20, 2017 Venezuela, home to the largest oil reserves in the world, is seeking to import 13 million barrels of fuel this year.

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Biofuels

Democratic Lawmakers Raise Pressure On EPA Over Icahn's Biofuels Role
Wednesday, June 21, 2017 US Democratic lawmakers asked EPA head Scott Pruitt to disclose procedures to prevent billionaire Carl Icahn from influencing US biofuels policy.
IEA: Rapid Nuclear Decommissioning Threats Climate Targets
Wednesday, June 21, 2017 Decommissioning nuclear plants in Europe and North America from 2020 threatens global plans to cut carbon emissions unless governments build new nuclear plants or expand the use of renewables.
IEA: Carbon Capture Needed In Climate Change Fight
Monday, June 19, 2017 Carbon capture and storage is gradually gaining government attention after being overtaken by investment in wind and solar energy, with the IEA saying the technology will be crucial.
Exxon Says Scientists Boost Lipid Content From Algae In Lab Study
Monday, June 19, 2017 ExxonMobil and Synthetic Genomics say they had found a way to more than double the amount of lipids produced by algae in a lab.
Natural Gas Is King of America's Power Mix, for Now
Thursday, June 15, 2017 Natural gas is the king of the US power market - but that may not last.
Sources: EPA Expected To Unveil Renewable Fuel Plan As Soon As This Week
Thursday, June 15, 2017 The US EPA is expected to propose renewable fuel use requirements for 2018 as soon as this week, sources say.

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Petrochemical

Russia's Rosneft Works On New Strategy, Plans To Hike Dividends
Thursday, June 22, 2017 Igor Sechin says the company is working on a new strategy to counter the challenges of the global oil market and plans to pay higher 2017 dividends.
Braskem To Invest $675MM In 6th US-Based Polypropylene Plant
Thursday, June 22, 2017 Braskem will invest $675 million to build a sixth US-based polypropylene-production plant.
Nigerian Fuel Retailer Nipco Launches $16MM Offer For Mobil Oil Shares
Wednesday, June 21, 2017 Nipco launches a $16 million offer for the shares it needs to take its stake in Mobil Oil to 70% to comply with Nigerian takeover rules.
CB&I Says Its US Gulf Coast 'Winning Streak' Continues
Wednesday, June 21, 2017 CB&I has won an approximately $40 million contract from DuPont.
Ineos Plans 2 Billion Euro Petrochemical Plant Expansions
Monday, June 12, 2017 Anglo-Swiss chemicals giant Ineos plans to build a new petrochemical production plant and expand capacity at existing plants in Scotland and Norway at a cost of about $2.24 billion.
Russia's Sibur Co-Owner Say May Consider IPO After Main Project Start
Monday, June 05, 2017 Russia's Sibur Co-Owner Say May Consider IPO After Main Project Start
Blast At China Petrochemical Plant Kills Eight, Injures Nine
Monday, June 05, 2017 An explosion rocked a petrochemical plant in China's eastern province of Shandong on Monday.
Global Carbon Prices Must Soar to Meet Paris Climate Target ? Report
Tuesday, May 30, 2017 Economists said the cost of emitting carbon dioxide must rise to $50-$100 per tonne by 2030, much higher than the current price in Europe.

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Pipelines

Russia's Gazprom Says Resolves Issue With Gas Supplies To Poland
Thursday, June 22, 2017 Gazprom says a technical issue that caused poor quality gas to be delivered to Poland via the Yamal pipeline had been resolved.
Demand To Ship Gasoline On Top US Pipeline At 6-Year Low
Thursday, June 22, 2017 The operator of the biggest US fuel pipeline system says demand to transport gasoline to the country's populous northeast is the weakest in years.
Dakota Access Builder Now Bungling $4.2 Billion Pipeline in Ohio
Thursday, June 22, 2017 Energy Transfer Partners LP is making a mess of its biggest project since the Dakota Access pipeline.
Russia's Gazprom Sees Turkish Stream Pipeline Cost At $6B
Thursday, June 22, 2017 Gazprom estimates the cost of building two lines of the Turkish Stream gas pipeline at $6 billion.
Rebel Bomb Attack Halts Colombia's Cano Limon Crude Pipeline
Thursday, June 22, 2017 A bomb attack over the weekend by the Marxist ELN rebels has halted the flow of crude along Colombia's Cano-Limon Covenas pipeline, sources say.
Germany Threatens Retaliation If US Sanctions Harm Its Firms
Friday, June 16, 2017 Germany threatened to retaliate against the United States if new sanctions on Russia being proposed by the US Senate end up penalizing German firms.
Gadfly: Pipeline Masters Have Turned Into Puppets of Oil Prices
Friday, June 16, 2017 If you invest in MLPs, look away now.
Greece, Israel, Cyprus To Speed Up Mediterranean Pipeline Efforts
Thursday, June 15, 2017 Greece, Israel and Cyprus say they would speed up plans for the development of a pipeline channeling gas to Europe from newly discovered east Mediterranean reserves.
Germany, Austria Tell US Not to Interfere in EU Energy
Thursday, June 15, 2017 Germany and Austria condemn a proposed expansion of US sanctions on Russia.
BLOG: Federal Court Ruling Resurrects Dakota Access Pipeline Battle
Thursday, June 15, 2017 With oil already flowing from the Bakken, a federal court says Army Corps of Engineers review didn't sufficiently weigh the potential impact of an oil spill from the Dakota Access Pipeline.

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Terminals and Storage

Britain's Reliance On Imported Gas To Jump As Giant Storage Site Axed
Tuesday, June 20, 2017 Britain is set to lose its largest natural gas storage site, increasing the country's reliance on imported energy, after Centrica said it would close its ageing Rough facility.
Oil Tankers Store Most Oil This Year as Glut Won't Die
Monday, June 19, 2017 Oil traders are resorting to storing more and more oil at sea amid swelling output in the Atlantic region.
Tanker Firm Frontline Expects Rise In Storage Of Oil On Vessels
Friday, June 16, 2017 Frontline expects a growing number of supertankers to be used for storing crude in anticipation of higher oil prices.
Mercuria, Petrochina Selling Fuel Oil Stored Offshore Singapore, Malaysia
Friday, June 16, 2017 Mercuria and Chinese state oil giant PetroChina are selling fuel oil stored in vessels off Singapore and southern Malaysia, several trade sources say.
Traders Keep Oil In Asian Storage For Later, Undermine OPEC Supply Cuts
Tuesday, June 13, 2017 A 10% decline in oil prices since late May could push traders to keep crude in storage, looking to sell down the line when forward prices are higher.
The Lonely Drifting Oil Tanker That Signals OPEC's Struggle
Tuesday, June 13, 2017 Across the world, the plight of the Saiq, now idling off the coast of Mauritania, reflects a broader trend in the physical oil market.

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LNG/LPG

Private Producer Aims To Ship Baltic's First Russian LNG Before Gazprom
Tuesday, June 20, 2017 LNG Gorskaya launches a project to become the first LNG exporter from Russia's European coast.
Sources: Snam In Exclusive Talks To Buy LNG Terminal Stake From Edison
Tuesday, June 20, 2017 Snam is in exclusive talks with EDF's Italian unit Edison to buy a stake in an LNG terminal in northern Italy.
August Prices Weaken On Poor Asian Demand
Friday, June 16, 2017 Asian spot LNG prices eased slightly this week as many traditional buyers remained on the sidelines and traders instead turned their focus to tenders in India.
Interfax: Gazprom Says Proposed US Sanctions Aim To Boost US Gas Exports
Thursday, June 15, 2017 New sanctions on Russian energy projects proposed by the US Senate are aimed at boosting LNG exports from the United States to Europe.
Statement: Qatar Petroleum, Shell Sign LNG Bunkering Agreement
Tuesday, June 13, 2017 Qatar Petroleum and Shell signed a framework agreement to develop global LNG bunkering facilities.
Louisiana LNG Project Developer Extends EPC Contract
Tuesday, June 13, 2017 LNGL's managing director said the company is finalizing offtake agreements and moving toward a final investment decision.

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