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Industry Headlines

Dana Fight With BlackRock to Start Despite UAE Court Order
Tuesday, September 19, 2017 A London lawsuit over $700 million in Shariah-compliant bonds issued by Dana Gas PJSC will go ahead despite a last-minute United Arab Emirates court order.
Oil Edges Off Recent High Ahead US Stock Data, OPEC Meet
Tuesday, September 19, 2017 Oil prices ended lower, retreating from near five-month highs.
Protesting Pipelines Is Becoming A Growing 'Industry'
Tuesday, September 19, 2017 Protesting pipelines is becoming a growing 'industry' fueled by scare tactics and social media.
Lebanon Passes Oil Tax Law Ahead of First Energy-Rights Auction
Tuesday, September 19, 2017 Lebanon's parliament approved a law to tax revenue from oil operations, weeks before its first sale of offshore energy exploration rights.
Iraq Says OPEC Mulls Deeper, Longer Oil Cuts to End-2018
Tuesday, September 19, 2017 Iraq and other oil producers taking part in global output cuts think they should reduce supply by an additional 1% to help re-balance the market, according to Jabbar al-Luaibi.
Global Oil Prices Slip, But Remain Near Recent Highs
Monday, September 18, 2017 Global crude oil prices slipped slightly but stayed close to multimonth highs.
Algeria's Sonatrach Chief Urges Oil Industry Reforms
Monday, September 18, 2017 Algeria needs to change the laws governing its oil and gas industry to attract foreign oil investors, Sonatrach's chief says.
Survey: Maritime Leaders Weigh In On Talent Crisis, Pay
Monday, September 18, 2017 A Faststream survey of 3,000 maritime executives reveal their thoughts on the sector.
How to Become a Safety Engineer
Monday, September 18, 2017 Safety engineers guide, work to effect change at oil and gas facilities.
Big Oil Becomes Greener With Progress in Cutting Pollution
Monday, September 18, 2017 It's no secret that oil majors are among the biggest corporate emitters of pollution.

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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

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.
Shell Set To Draw Line Under A Century Of Iraqi Oil
Wednesday, September 13, 2017 Shell is set to end a century of oil production in Iraq by withdrawing from two of the Arab state's flagship fields to focus on more profitable gas development.
Shell Canada Shuts Some Gas Operations Due To Southern Alberta Wildfire
Tuesday, September 12, 2017 Shell Canada, a subsidiary of Shell, is shutting some gas operations in its Waterton complex in southern Alberta.
EIA Lowers US 2017, 2018 Crude Output Forecasts After Harvey
Tuesday, September 12, 2017 The EIA revises both its 2017 and 2018 oil production forecast figures lower to reflect, in part, the effects of Hurricane Harvey.

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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

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.
Glasenberg Emerges From Rosneft Flip With Oil Deal and Medal
Tuesday, September 12, 2017 Nine months after surprising the world with an $11 billion venture to buy a stake in Russia's state oil company, Glencore is selling most of it.
Baker Hughes: US Oil Drillers Cut Rigs As Recovery Stalls
Friday, September 08, 2017 US energy firms cut oil rigs for a third time in the past four weeks as a 14-month drilling recovery stalls with energy firms reducing spending plans in response to recent crude price declines.
Oil Services Group Bourbon Sees Brighter Outlook After 1H Profit Slump
Thursday, September 07, 2017 Bourbon says that oil companies are restarting projects, which should help its business pick up after profits fell sharply in the first half.

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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

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.
Far From the Texas Coast, Hurricane Harvey Hits Oil Refiners
Tuesday, September 19, 2017 Three weeks after Hurricane Harvey ravaged the massive fuel-making industry, the region's recovery from storm damage is starting to disrupt plans for crucial maintenance.
Saudis Said to Mull Phasing Out Gasoline Subsidy by End-November
Monday, September 18, 2017 Saudi Arabia is considering a plan to phase out subsidies for gasoline and jet fuel in November at the latest.
Quake, Blackout, Breakdowns Cripple Mexico's Refinery Capacity
Friday, September 15, 2017 Mexico's drivers may pay more for fuel after a power failure hit a second refinery the same week that the strongest earthquake in more than a century shut the nation's biggest plant.
Colonial Pipeline Allows Port Arthur Refiners To Ship Fuel After Harvey
Monday, September 18, 2017 Port Arthur, Texas refiners can use their own pumps as a temporary solution, Colonial Pipeline says.
Kemp: Hedge Funds Crowd In To Bet On Gasoline And Diesel
Monday, September 18, 2017 Hedge funds continue to wager on a shortage of refined fuels driving prices higher, even as US refineries gradually restart operations in the aftermath of Hurricane Harvey.
Storms Worsen Unprecedented Summer Slump In US Diesel Supply
Friday, September 15, 2017 US diesel stockpiles did something this year that has never happened in the summer before: They shrank.

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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.
Minister: India Set To Unveil New Biofuel Policy In Bid To Cut Imports
Thursday, August 10, 2017 India will soon announce a new policy to promote biofuels as part of efforts by the world's third-largest emitter of greenhouse gases to cut imports of fossil fuels.
In Rare Eclipse, Gas Sees Its Future as Solar's Backstop
Wednesday, August 09, 2017 Natural gas is about to get a glimpse of its future role in the US power mix as solar energy's backup.

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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

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

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.
Buckeye Targets Normal Operations At Bahamas Oil Terminal On Tuesday
Tuesday, September 12, 2017 Buckeye Partners LP said it aims to resume normal operations its Bahamas crude oil and fuel terminal after Hurricane Irma rampaged through the Caribbean.
Magellan Midstream Probes Big Texas Fuel Spill During Harvey Floods
Tuesday, September 12, 2017 Magellan Midstream Partners says it was investigating the cause of a nearly 11,000-barrel gasoline spill from two above-ground fuel storage tanks at its Houston-area terminal.

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LNG/LPG

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.
Papua New Guinea Starts Paying Landowners LNG Royalties
Wednesday, September 13, 2017 The Papua New Guinea government has started paying local landowners long awaited benefits from the $19 billion PNG LNG project.
Bangladesh Set To Sign 15-Year LNG Import Deal With Qatar
Wednesday, September 13, 2017 Bangladesh will sign a 15-year deal with Qatar's RasGas Co to import LNG starting in 2018.

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