FEATURED STORY

LNG/LPG

ConocoPhillips, Partners Weigh Expansion Of Darwin LNG
Wednesday, April 19, 2017 ConocoPhillips and its partners are considering expanding their Darwin liquefied natural gas (LNG) plant in Australia.

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Pipelines

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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Petrochemical

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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Refining

West Texas Refinery Developer Selects Air Permitting Consultant
Wednesday, April 19, 2017 Pending conclusion of the permitting process, construction of the 50,000-bpd refinery could start in early 2018.
Saudi Oil Exports Drop to 2015 Low as Kingdom Sticks to Cuts
Tuesday, April 18, 2017 Saudi Arabia trims exports to a 21-month low in February as local refineries took advantage of more abundant supplies and processed a record amount of crude.

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LNG/LPG

Chevron Says Restarting Output At Gorgon Train Two LNG Project In Australia
Tuesday, April 18, 2017 Chevron is restarting LNG production at its Gorgon Train Two facility in Australia.

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Industry Headlines

Bulgaria May Seek More Time To Reply To Gazprom Concessions
Monday, April 24, 2017 Bulgaria may need more time to respond to concessions proposed by Russian gas giant Gazprom in an EU antitrust case, its energy minister says.
Chevron to Sell Bangladesh Companies, Workforce Implications Unknown
Monday, April 24, 2017 Chevron Corporation's wholly-owned subsidiary, Chevron Global Ventures Ltd., enters into an agreement to sell the shares of its wholly-owned indirect subsidiaries operating in Bangladesh.
Genel Energy Appoints New Chairman
Monday, April 24, 2017 Genel Energy plc appoints new non-executive director and chairman with immediate effect.
Texas Adds Thousands of Oil, Gas Jobs in March
Friday, April 21, 2017 Thanks in part to increasing crude oil prices and exploration and production activity in onshore basins, Texas adds more than 3,000 jobs in March.
OGA Urging Industry to Increase Pace of Collaboration
Friday, April 21, 2017 The UK Oil and Gas Authority (OGA) is urging the industry to increase the pace at which licensees develop a culture of collaboration both internally and externally.
US E&P Budgets Rebound, Grow For First Time Since 2014 Downturn
Friday, April 21, 2017 US CAPEX and rig counts to drive production growth of 5% this year; drilling and completion spending to increase by 58% this year, according to Fitch Ratings' modeling.
Oil Falls Below $50 as Surging US Output Undermines OPEC Cuts
Friday, April 21, 2017 Oil dropped below $50 a barrel as investors lost faith.
Aker Owner Roekke Says Aker Solutions, Kvaerner May Do M&A In 2017
Friday, April 21, 2017 Norwegian billionaire investor Kjell Inge Roekke aims to change the ownership of one of more of his companies in the oil services industry this year.
OTC: Finding Hollywood in Houston
Friday, April 21, 2017 While visiting Houston for OTC, check out where Hollywood came to town!
How to Network Like a Pro during OTC
Friday, April 21, 2017 Rigzone's got you covered on how to network during the premier global offshore energy conference.
Russian Energy Min Says Oil Market Situation Improving, Surplus Shrinking
Friday, April 21, 2017 Russian Energy Minister Alexander Novak says the oil market is improving with production cuts by OPEC and non-OPEC members.

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Exploration

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.
Statoil Confident Brazil Deal To Go Ahead Despite Suspension
Tuesday, April 18, 2017 Statoil is confident that its deal with Petrobras to acquire a stake in exploration block BM-S-8 offshore Brazil.
Petronas Pitches $1B Offshore Gas Project Stake To Oil Firms
Monday, April 10, 2017 Petronas has pitched an estimated $1 billion stake in a prized upstream local gas project to potential bidders including Royal Dutch Shell and ExxonMobil Corp.
Qatar Petroleum, ExxonMobil To Explore For Oil And Gas In Cyprus
Wednesday, April 05, 2017 Qatar Petroleum and ExxonMobil will start drilling for oil and gas off the southern coast of Cyprus in 2018.
France's Total Extends British Shale Gas Involvement
Tuesday, April 04, 2017 Total has extended an option with British shale gas developer Egdon Resources to buy a stake in one of Egdon's shale gas licences, the companies said.

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Production

India Aims To Cut Petroleum Imports As It Boosts Alternative Fuel Use
Monday, April 24, 2017 India aiming to cut its oil products imports to zero as it turns to alternative fuels such as methanol in its transport sector.
Iran Ranks As No.2 Oil Supplier To S.Korea 1st Time For A Quarter
Monday, April 24, 2017 Iran ranked as South Korea's 2nd-biggest oil exporter over the first 3 months of 2017 as it ramped up output to regain market share after sanctions were lifted last year.
Oil Contractor Saipem Turns To Wind To Help Counter Downturn
Friday, April 21, 2017 Italy's Saipem is working to expand new lines of business including wind farms to help it cope with a slump in order books among oil services groups.
Russia Agrees On Preliminary Basis To Extend Oil Output Cuts Beyond June
Thursday, April 20, 2017 Russia agrees, on a preliminary basis, to extend beyond June the agreement among global oil producers to cut output, Kuwait's oil minister Essam al-Marzouq told reporters.
Libya Oil Field Idled in 2015 Now Awaits Power to Resume Pumping
Thursday, April 20, 2017 Libya's El-Feel oil field is ready to resume production after a two-year halt in operations, but there's a problem: It doesn't have enough electricity to pump the crude.
Eni Shuts Down Oil Center At Major Italy Field After Local Order
Tuesday, April 18, 2017 Eni says it decided to temporarily shut down a treatment plant serving its biggest domestic oil field in southern Italy to meet a local order.
Dutch To Cut Gas Output To Reduce Earthquake Risk
Tuesday, April 18, 2017 The Netherlands will reduce production of its Groningen gas field by 10% from October to limit the risk of earthquakes.
Blackstone Bets Gas Money Will Be Made in the Oil Patch
Tuesday, April 18, 2017 The oil boom in the Permian Basin, America's most prolific crude play, has become a gas boom.

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Finance and Investing

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.
Singapore's Keppel Posts Higher Profit, But Offshore Business Still Bleak
Thursday, April 20, 2017 Singapore's Keppel Corp posts its first year-on-year rise in quarterly profits since early 2015, helped by improved earnings from infrastructure and investments.
Oil Prices Could Tumble Again On US Shale Influx
Thursday, April 20, 2017 Oil prices could fall again by the end of the year due to a rapid increase in US shale production, Total chief executive says.
Woodside Q1 Revenue Falls 9% As Heavy Rain Hits Output
Thursday, April 20, 2017 Woodside Petroleum reports a 9% drop in Q1 revenue on Thursday as production fell, largely due to extremely heavy rainfall.
Peru To Issue Up To $3B In Bonds To Finance State-Run Oil Firm
Tuesday, April 18, 2017 Peru is expecting to issue up to $3 billion in bonds in the international market in the first half of 2017.
Daewoo Shipbuilding's Bailout Plan Cleared by Pension Fund
Monday, April 17, 2017 Daewoo Shipbuilding wins a reprieve, helping avert a payment crisis that had threatened to almost shut the company.

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Company Operations

South Sudan Says Talks Over Blocks B1 And B2 End, Seeks New Partners
Monday, April 24, 2017 South Sudan says Blocks B1 and B2 are open for direct negotiation after talks with Total, Tullow Oil and the Kuwait Foreign Petroleum Exploration Company break down.
Petronas Awards 'Key' Offshore Contract
Monday, April 24, 2017 Petronas Carigali Sdn Bhd (PCSB), a subsidiary of Petronas, awards a "key contract" to Perbadanan Urusan Kejuruteraan dan Limbungan Brooke.
Baker Hughes: US Drillers Add Oil Rigs For 14th Week In A Row
Friday, April 21, 2017 US drillers added oil rigs for a 14th week in a row, extending an 11-month recovery.
Israel's Delek Says Ithaca Shareholders Approve Takeover Bid
Friday, April 21, 2017 Israel's Delek Group says its offer to take over North Sea oil producer Ithaca Energy has been accepted by Ithaca's shareholders.
Oil-Sands Operators Bet on Local Advantage as US Partners Flee
Thursday, April 20, 2017 Now that multinational energy producers have sold their stakes in Canada's oil sands, local companies are hatching plans to make some real changes.
Contest Launched Among Street Art Painters for Yamal LNG Tank Design
Thursday, April 20, 2017 JSC Yamal LNG is holding a contest among street art painters and artists to determine a winning design for the Yamal LNG tanks, situated above the Arctic Circle in the Yamal Peninsula.
KBR, PT Singgar to Provide Staff for Engineering Work After Contract Win
Thursday, April 20, 2017 KBR and PT Singgar Mulia Engineering Consultants will provide local and global personnel to conduct engineering, project and construction management services for Chevron's Indonesian fields.
Shell Opens Treatment Plant In Argentina Shale Play
Wednesday, April 19, 2017 Royal Dutch Shell PLC inaugurated on Tuesday a treatment plant for shale oil and gas in Argentina's Vaca Muerta shale play, one of the world's largest.

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Policy

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.
Nigeria's Senate Receives Oil Industry Reform Bill
Thursday, April 06, 2017 Nigeria's senate will debate a long-awaited oil industry reform bill after receiving the draft law.
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.
Thailand Amends Law to Give More Energy Exploration Options
Thursday, March 30, 2017 Thailand's military-appointed assembly approved an amendment to a petroleum law on Thursday, which will give companies more options for exploration and production operations.

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