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Industry Headlines

WEN National Conference 2017 Snapshot: Lessons from Mom
Friday, April 28, 2017 Female energy executives share how their upbringing has bolstered their work ethic today.
Chinese Shale Gas Target Met with Skepticism
Friday, April 28, 2017 China's target to produce around 3 billion cubic feet per day of shale gas by 2020 has been met with doubt by oil and gas analysts at Tudor, Pickering, Holt & Co.
Surging Chevron, ExxonMobil Profits Signal Oil Industry Turnaround
Friday, April 28, 2017 Rising crude prices helped Chevron and ExxonMobil easily beat Wall Street's profit expectations.
Commodity Weekly: Gasoline Demand Concerns Pressure Oil Prices
Friday, April 28, 2017 Gasoline demand concerns weigh on oil prices. Pressure grows for OPEC to extend production cuts past June.
Deal Of The Month: ConocoPhillips Cuts Gas Profile in $3B San Juan Sale
Friday, April 28, 2017 Analysts say anything that makes an asset less gas-focused is ultimately a positive as ConocoPhillips sells off San Juan assets to Hilcorp Energy affiliate.
Unite Takes Another Step Towards UKCS Strike Action
Thursday, April 27, 2017 UK union Unite takes another step towards strike action on the UKCS, as it serves an official strike ballot notice to the Offshore Contractors Association (OCA).

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Exploration

Total Will Invest $500 Million to Produce Shale Gas in Argentina
Thursday, April 27, 2017 Total will spend $500 million over three to four years to develop a shale-gas field in Argentina.
BHP Billiton Puts US Shale Gas Assets On The Block Again
Wednesday, April 26, 2017 BHP Billiton has put its Fayetteville shale gas assets in the United States back on the block.
Uruguay Says To Tender 17 Offshore Blocks For Exploration
Tuesday, April 25, 2017 Uruguayan state oil company Ancap says it will tender 17 offshore blocks for exploration.
Norway's Statoil Plays Down Risks Ahead Of Arctic Drilling
Monday, April 24, 2017 Statoil plays down concerns that drilling in the Arctic is risky, days before it kickstarts its drilling campaign in the Barents Sea.
Statoil Receives Consent to Drill Well in Barents Sea
Friday, April 21, 2017 Statoil ASA receives consent to drill an exploration well in block 7219 in the Barents Sea, Petroleum Safety Authority Norway has announced.
China's CNOOC Tenders 10 Coal Bed Methane Blocks
Friday, April 21, 2017 CNOOC issued a tender offering domestic and foreign companies to bid for 10 coal bed methane blocks in the country.

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Production

Mexican Oil Regulator Approves First Onshore Joint Venture Projects
Friday, April 28, 2017 Mexico's first two onshore oil and gas projects to be developed by joint ventures between state-owned Pemex and new partners were approved.
OPEC Wants Further Drop In Oil Stocks, Is Working For Consensus
Thursday, April 27, 2017 OPEC wants oil inventories to decline further and is working to ensure a policy-setting meeting in May.
OPEC Ministers to Meet Russia Amid Push to Extend Cuts
Wednesday, April 26, 2017 The energy ministers of OPEC members Saudi Arabia and Venezuela plan to meet their Russian counterpart to discuss extending oil-output cuts.
Azeri Absheron Gas Field Could Start Production At End-2019
Tuesday, April 25, 2017 Natural gas production at Azerbaijan's Absheron field in the Caspian Sea could begin in late 2019 or early 2020.
Azeri, Saudi Energy Ministers To Discuss Extension Of Oil Output Cuts
Tuesday, April 25, 2017 Azerbaijan's energy minister, Natig Aliyev, says he will discuss a possible extension of the global oil output cut deal at a meeting with his Saudi counterpart on Wednesday.
Unsung Gulf of Mexico Tracks New Crude Oil Production Record
Tuesday, April 25, 2017 Permian Basin hoards the spotlight, but meanwhile, offshore producers are a fraction of a percentage point away from hitting another all-time high during the first half of the year, according to RBN Energy.
China To Boost Non-Fossil Fuel Use To 20% By 2030
Tuesday, April 25, 2017 China aims for non-fossil fuels to account for about 20% of total energy consumption by 2030.

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Finance and Investing

Marathon Petroleum Posts Surprise Profit as Refining Margins Rise
Thursday, April 27, 2017 Refiner Marathon Petroleum Corp reported a surprise quarterly profit on Thursday as refining margins jumped 18 percent despite challenging market conditions.
Trump's Tax Cut Proposal Shines Light on MLPs
Thursday, April 27, 2017 The Trump administration's proposal to slash tax rates on so-called pass-through businesses would deliver a windfall to investors in master limited partnerships.
Saudi Arabia Seen Losing Market Share to Iran, Iraq on Oil Cuts
Wednesday, April 26, 2017 Saudi Arabia, the world's biggest crude exporter, is losing market share to Iraq and Iran.
ExxonMobil's Dividend Tradition Faces Challenge as Oil Sputters
Tuesday, April 25, 2017 ExxonMobil has boosted it's dividend every April for at least a decade, delivering more than $98 billion directly to shareholders.
HSBC Wins Mandate On $100B Saudi Aramco IPO
Monday, April 24, 2017 HSBC Holdings Plc has been formally mandated as an adviser on the initial public offering of Saudi Arabia's national oil giant Aramco.
Schlumberger Expects Reactivation Costs To Squeeze Margins
Friday, April 21, 2017 Schlumberger says a ramp up in drilling activity in North America boosted pricing for its services, but the cost of reactivating equipment idled during the downturn dragged down margins.

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Company Operations

Anadarko Shares Fall After Colorado Blast Prompts Well Closings
Thursday, April 27, 2017 Anadarko drops the most since August after the oil and natural gas explorer said it will shut more than 3,000 Colorado wells as part of an investigation into a deadly house explosion.
World's Top Two Shipyards Signal More Orders as Earnings Improve
Thursday, April 27, 2017 The world's two biggest shipbuilders reported profit and issued an improved outlook.
Tullow Says Promoting CEO To Chairman Best For Company
Wednesday, April 26, 2017 Tullow proposes to appoint its outgoing CEO as chairman.
Cenovus Energy Posts Smaller-Than-Expected Quarterly Loss
Wednesday, April 26, 2017 Cenovus Energy reports a smaller-than-expected quarterly loss as operating costs fell, while oil sands production rose.
Hess Reports Smaller Loss As Oil Prices Rise, Costs Fall
Wednesday, April 26, 2017 Hess reports a smaller quarterly loss as a rise in oil prices and fall in costs helped the US oil producer offset a drop in production.
Baker Hughes Expects N. America Revenue To Rise In 2Q
Tuesday, April 25, 2017 Baker Hughes expects revenue from North America to rise in the current quarter from the first as oil producers drill more onshore wells.

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Policy

Trump to Expand Offshore Drilling, Review Post-Spill Rules
Friday, April 28, 2017 President Donald Trump is moving aggressively to expand offshore oil drilling and to reconsider rules that safeguard the activity.
Trump Order Aims To Allow Drilling At National Monuments
Wednesday, April 26, 2017 Trump signs an executive order to identify national monuments that can be rescinded or resized - part of a broader push to open up more federal lands to drilling, mining and other development.
US Will Not Issue Drilling Waivers To Russia Sanctions
Friday, April 21, 2017 The US will not make an exception for American companies seeking to drill in areas prohibited by US sanctions on Russia.
Exxon Probe Is Unconstitutional, Republican Prosecutors Say
Thursday, April 20, 2017 A group of 11 Republican state attorneys general are protesting an investigation into whether ExxonMobil violated consumer protection laws.
Algeria Could Amend Oil Law To Draw Investment
Wednesday, April 12, 2017 Algeria could change its hydrocarbons law to boost energy partnerships with foreign firms and draw more investment into its oil and gas sector.
Trump's EPA To Reconsider Oil And Gas Emissions Rule
Wednesday, April 19, 2017 The US EPA says it would reconsider a rule on emissions from oil and gas operations and delay its implementation.

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Refining

US Refiners Bet On Strong Exports To Balance Market
Friday, April 28, 2017 Earnings results from several large independent US refiners show that they are taking advantage of demand from places like Mexico and South America, where sputtering local refineries cannot meet local demand.
Suncor Evaluates Potential Oil-sand Deals as Global Majors Exit
Thursday, April 27, 2017 Canada's largest energy producer is still evaluating opportunities for oil sands acquisitions in northern Alberta as foreign oil majors exit the high-cost region, Chief Executive Steve Williams said on Thursday.
China Sets Deadline for Refiners to Apply for Oil Import Permits
Thursday, April 27, 2017 China reportedly has allowed 22 independent refiners to import crude oil since 2015 with quotas totalling 81.93 million tonnes, or 1.64 million barrels per day, making up 12 percent of the country's total crude oil imports.
Europe Lures Rare Diesel Cargoes from U.S. East Coast
Wednesday, April 26, 2017 U.S. East Coast refineries are stepping up exports of diesel despite a regional deficit of the fuel as strong overseas demand, particularly in Europe, is proving more profitable.
Valero Energy to Process More Crude Amid Strong Gasoline Demand
Tuesday, April 25, 2017 The inventory of refined products has come down in recent months, offering a glimmer of hope to refiners, whose margins fell sharply in 2016 due to a glut of gasoline and diesel.
U.S. East Coast Refiners Eye Texas Oil as North Dakota Alternative
Tuesday, April 25, 2017 Which East Coast refiners are looking to move more crude by ship from Texas into the Philadelphia area?

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Biofuels

Icahn's Oil Refiner Reports Plunge in Biofuels Bill in 1st Qtr
Thursday, April 27, 2017 Biofuels compliance expenses for CVR Energy's refining unit fell to the lowest level in almost five years during the first quarter, the company said on Thursday, as the U.S. government weighs an overhaul of its renewable fuels policy.

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Petrochemical

BP Sells Stake in China Petrochemical Venture to Sinopec for $1.7 Bn
Thursday, April 27, 2017 The sale represents BP's first major divestment of a year in which it expects to sell assets worth between $4.5 billion and $5.5 billion this year.
Dow Chemical Boosts Plastics Sales Ahead of Merger and Split
Thursday, April 27, 2017 Dow Chemical Co. first-quarter sales from plastics jumped, demonstrating continued strength in a business that will be the core of a new company following a historic merger with DuPont Co. and subsequent three-way split.
ExxonMobil, SABIC Pick Corpus Christi Area for Ethane Cracker
Wednesday, April 19, 2017 Corpus Christi-area project would create more than 4,000 direct and indirect jobs during operations, according to ExxonMobil.

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Pipelines

Next Battleground: An Aging Great Lakes Pipeline Stirs New Protest
Friday, April 28, 2017 In Michigan, a broad coalition of opponents is entering a new frontier: Pushing to rip out and reroute an existing pipeline - Enbridge Inc.'s aging Line 5, which crosses the Straits of Mackinac.
Oil Tankers Threaten Endangered Orcas, Tribes Say in Lawsuit
Wednesday, April 26, 2017 Killer whales in the waters west of Seattle face heightened risk from an increased traffic of tankers that will carry oil from Kinder Morgan Inc.'s $5.4 billion Trans Mountain Pipeline expansion, claim two Native American organizations.
Kinder Morgan Canada Files for IPO to Raise Trans Mountain Funds
Tuesday, April 25, 2017 The Trans Mountain expansion will nearly triple the size of Kinder Morgan's existing pipeline and ship 890,000 barrels a day of crude from Edmonton, Alberta, to Barnaby, British Columbia.
E. Coast Refiner Shuns Bakken Delivery As Dakota Access Pipeline Starts
Wednesday, April 19, 2017 Philadelphia Energy Solutions Inc, the largest refiner on the U.S. East Coast, will not be taking any rail deliveries of North Dakota's Bakken crude oil in June.

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Terminals and Storage

Saudi Arabia Says Foils Bombing Attempt on Aramco Fuel Dist. Terminal
Wednesday, April 26, 2017 Saudi forces have foiled an attempt to blow up an Aramco fuel terminal in southern Saudi Arabia using a high-speed boat laden with explosives, the interior ministry said on Wednesday.
Maiden Bakken Oil Cargo to Asia Ships Out, with More to Come
Wednesday, April 26, 2017 It's expected to be the first of numerous cargoes once the key Dakota Access pipeline starts moving oil in May.

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LNG/LPG

Turnbull Channels Trump With 'Australia First' Gas Export Curbs
Friday, April 28, 2017 Australia's Prime Minister Malcolm Turnbull is taking a leaf out of U.S. President Donald Trump's "America First" playbook.
Vopak and Exmar Call Off FSRU Deal
Thursday, April 27, 2017 Dutch oil and chemical storage company Vopak and tanker operator Exmar said on Wednesday that they had decided not to pursue the acquisition by Vopak of Exmar's participation in Floating Storage Regasification Unit (FSRU) assets.
Australia Plans LNG Export Limits to Help Ease Local Price Pain
Thursday, April 27, 2017 The Australian government's move, due to take effect on July 1, drew a swift rebuke from gas producers.
U.S. LNG Expands to Eastern Europe as Poland Avoids Russian Gas
Thursday, April 27, 2017 The U.S. is set to ship its first shale gas to a member of the former Soviet bloc as Europe seeks to cut its dependence on fuel from Russia.
Total-led Consortium to Start Building Cote d'Ivoire LNG Terminal This Year
Wednesday, April 26, 2017 An international consortium led by the France's Total SA plans to start construction of an LNG terminal in Cote d'Ivoire by mid-2017, an official from Azeri SOCAR Trading said on Wednesday.
Oil Tankers to Cruise Ships Fueled by LNG Offer Hope on Glut
Wednesday, April 26, 2017 The number of LNG-fueled ships will more than double to 200 by 2020 from 77 last year and just five in 2005, according to London-based Energy Aspects.

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