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Industry Headlines

Kemp: Mission Accomplished? OPEC Banishes Contango
Thursday, September 21, 2017 The shift away from contango to backwardation has accelerated notably since July.
Drilling and Completion Tick Up in the UK
Thursday, September 21, 2017 A handful of wells mark the return of upstream development in the UK.
BLOG: A 'Rule Book' for Harvey Authored by Katrina, Rita, et al
Thursday, September 21, 2017 Karen Harbert of the US Chamber of Commerce discusses how energy companies have changed storm preparedness, response.
Anadarko To Spend $2.5B On Massive Share Buyback
Wednesday, September 20, 2017 Anadarko says it would spend $2.5 billion to buy back its own stock.
Oil Up 2% Despite US Crude Build; Set For Best 3Q Since 2004
Wednesday, September 20, 2017 Oil prices settled up 2% despite a rise in US crude inventories.
Advanced Communication Crucial to Quashing Protesters
Wednesday, September 20, 2017 Armed with scare tactics and social media, professional pipeline protesters are requiring the energy industry to use advanced communication to silence their claims.
Two Big Words Show Why US Oil May Finally Be Turning a Corner
Wednesday, September 20, 2017 Oil futures in New York have been stuck in glut mode, but that may be starting to change.
OPEC Has Success at Last, But Oil Revival May Be Short-Lived
Wednesday, September 20, 2017 When OPEC and its allies gather this week, they'll have the best evidence yet that their efforts to clear a global oil glut are succeeding. It may prove short-lived.

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Exploration

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.
India To Acquire Seismic Data Of 48,000 Line kms To Boost Oil, Gas Output
Tuesday, September 12, 2017 India aims to acquire seismic data of 48,243 line kilometers in 5 years as the world's third biggest oil consumer seeks to boost its output by offering more areas for exploration, the government says.
Fifteen Oil Majors Interested In Brazil's Round 3 Pre-Salt Auction
Monday, September 11, 2017 Fifteen companies have pre-registered for Brazil's third auction of oil exploration rights in the pre-salt area.
Energean Gets Approval To Develop Field Offshore Greece
Friday, September 08, 2017 Energean says it secured approval to develop the Kataloko field in Western Greece, its third such project in the eastern Mediterranean.

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Production

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.
BP Restores Power At Thunder Horse Platform After Outage
Wednesday, September 20, 2017 BP restores power at its Thunder Horse platform in the US Gulf of Mexico.
BP's Thunder Horse Platform Shut Temporarily On Power Issue
Tuesday, September 19, 2017 BP halts production at its Thunder Horse platform in the US Gulf of Mexico following a power outage.
Algeria's Sonatrach To Boost Output From Rhourde El Baguel Field
Monday, September 18, 2017 Sonatrach will boost gas output by 10 million cubic metres per day at its giant Hassi Messaoud field.
Perry Highlights Need for Oil Reserve in Rebuke of Trump's Plan
Friday, September 15, 2017 Hurricanes Harvey and Irma demonstrate the importance of keeping the US Strategic Petroleum Reserve, Energy Secretary Rick Perry says.
Out-Of-Control Alberta Wildfire Shuts In Natural Gas Production
Wednesday, September 13, 2017 Questfire has shut in 900 barrels of oil equivalent per day of mostly natural gas production because of a wildfire in southern Alberta, its chief executive 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

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.
Eni Inks Cooperation Deal With China's CNPC
Wednesday, September 13, 2017 Eni signed a cooperation agreement with CNPC in a move that could give the Italian oil major greater access to the Chinese market.
Seadrill Files for Bankruptcy in Bid to Shrink Debt Burden
Wednesday, September 13, 2017 Seadrill files for bankruptcy protection after working out a deal with almost all its senior lenders to inject $1B of new money into the company.

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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

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.
ExxonMobil Starts Fuels Production at Baytown, Beaumont
Thursday, September 21, 2017 Company says Texas refineries resume fuel production and chem plants are ramping up.
NZ Jet Fuel Rations Increased As Govt Calls In Navy To Beat Shortage
Thursday, September 21, 2017 New Zealand will partially ease fuel rationing, a spokesman for the country's oil industry says.
Stormy Weather Exposes Shortcomings Of World's Oil Refineries
Thursday, September 21, 2017 Harvey's crippling impact on US oil refinery operations and the challenge buyers faced in filling the gap in gasoline supplies has exposed a shortage of spare refining capacity around the globe.
Robust Asia Demand Drives ME, Russia Crude Premiums To Multi-Month Highs
Wednesday, September 20, 2017 Spot premiums for Middle East and Russian crude loading in November and December have hit multi-month highs.
EIA: US Crude Inventories Up Again, Gasoline, Diesel Stocks Down
Wednesday, September 20, 2017 US crude oil stockpiles jumped last week as imports and production increased, while distillate inventories fell the most in nearly six years and gasoline inventories also declined.
Dominican Republic Shuts Most Ports Ahead Of Hurricane Maria
Wednesday, September 20, 2017 Dominican Republic closed most of its ports ahead of Hurricane Maria, the government says.
Taiwan Suspends Oil Exports To North Korea, Imports Of Clothing
Tuesday, September 19, 2017 Taiwan has suspended refined oil and LNG exports to North Korea.
Aramco Plans to Buy Non-Saudi Crude in Global Trading Expansion
Tuesday, September 19, 2017 Saudi Aramco plans to expand its trading business by buying and selling non-Saudi crude as the world's biggest exporter prepares for what could be a record initial public offering.

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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

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.
Norway Gas Pipeline Investors Go To Top Court Over Tariff Cut
Wednesday, September 13, 2017 A group of investors in Norway's gas pipeline network are going to the country's highest court in a final attempt to overturn a government decision to cut pipeline tariffs.
Azerbaijan's Jan-Aug Oil Exports Via Turkey Pipeline Fall 10%
Friday, September 08, 2017 Azeri oil exports through the Baku-Tbilisi-Ceyhan (BTC) pipeline via Georgia and Turkey fell by 9.7% year on year.
Canada Regulator's Plan For Review Of Energy East Pipeline Comes Under Fire
Friday, September 08, 2017 The Canadian energy regulator's plan to assess indirect carbon emissions when considering TransCanada's Energy East pipeline application sets a harsh precedent for future projects.

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Terminals and Storage

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.
Kemp: US Natural Gas Prices Rise As Winter Stocks Look Tight
Tuesday, September 19, 2017 US natural gas stocks look somewhat tight after low prices this summer worked off the excess stocks that built up in the first half of the year.
Caribbean Oil Terminals Make Preparations Ahead Of Hurricane Maria
Tuesday, September 19, 2017 Several Caribbean oil storage terminals that temporarily closed ahead of Hurricane Irma earlier this month have started making preparations in case they have to shut again.
Oil Cargoes Shift Away Venezuela As Hurricanes Extend Disruptions
Monday, September 18, 2017 Shippers are sending oil cargoes originally bound for Venezuela to other spots in Latin America and the Caribbean, in advance of coming hurricanes.
Turkey-Based Palmali Lodges $2B Claim Against Lukoil's Litasco
Monday, September 18, 2017 Palmali says it lodged a claim with the English High Court worth almost $2 billion against Litasco.
French Nuclear Regulator Investigations Fuel Winter Supply Doubts
Friday, September 15, 2017 France could face a second winter of tight power supply as nuclear reactors undergo a review of hundreds of components and increased scrutiny demanded by the country's watchdog.
Two Weeks After Harvey, Cheniere Runs More Gas Than Ever
Friday, September 15, 2017 Cheniere's flagship Sabine Pass terminal in Louisiana is liquefying more natural gas for export than ever.

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LNG/LPG

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.
Netherlands To Receive LNG Cargo From US Sabine Pass Plant
Thursday, September 14, 2017 The Netherlands will receive its second-ever LNG shipment from Cheniere Energy's Sabine Pass export facility in the United States.

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