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Iran-Saudi Row Threatens Any OPEC Deal, Puts Role In Question
Wednesday, May 25, 2016 As Iran reaches pre-sanction output levels, rising political tensions could dampen hopes for a production deal at the next OPEC meeting.
Report: Slow, Steady Recovery More Likely Than Rapid Rebound
Wednesday, May 25, 2016 A slow, steady recovery in oil prices is more likely than a rapid rebound, according to a global oil and gas industry survey from international law firm Ashurst.
PE Commitments Alone Not Enough to Signal Asset Market Recovery
Wednesday, May 25, 2016 Just because a private equity firm makes a commitment to an oil and gas team doesn't mean that meaningful spending will take place.
Statoil Says Sees European Gas Prices Bottoming Out
Wednesday, May 25, 2016 Statoil does not expect European gas prices to fall much further as rising demand from the power generation sector would offset an expected increase in liquefied natural gas (LNG) supply, company officials say.
UK Oil, Gas Industry Set to Become Decommissioning Pioneer
Wednesday, May 25, 2016 The UK oil and gas industry is set to become a pioneer in decommissioning activity globally and has the opportunity to become a leader in this field, according to Wood Mackenzie.
EIA: Crude Inventories Fall More Sharply Than Expected
Wednesday, May 25, 2016 US crude stocks fell last week as imports dropped and refineries cut output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration says.
Industry Insiders Compare, Contrast Shifts in North American Energy Markets
Tuesday, May 24, 2016 Industry insiders discuss the shifting dynamics of North American energy markets.
Industry Optimistic about Iraq's Petroleum Future
Tuesday, May 24, 2016 Oil and gas officials optimistic about Iraq's petroleum future, despite evident challenges, at the 10th Iraq Petroleum Conference, held in London.
Oil Advances as US Crude Inventories Projected to Decline
Tuesday, May 24, 2016 Oil climbed before the release of US government data that is forecast to show crude inventories declined, easing a glut.
Oil Industry Maintains Country Club Culture During Downturn
Monday, May 23, 2016 Horizontal shales deep under the earth's surface are important to an energy company's balance sheet, but so is what happens above the grass line - especially if that grass is owned by an exclusive Texas country club.
Sinopec Targets 15Bcm Annual Shale Gas Production Capacity In Chongqing
Monday, May 23, 2016 Sinopec is targeting annual shale gas production capacity of 15 billion cubic metres and annual shale gas output of 10 bcm in the southwestern city of Chongqing by 2020.
BP's Oil Search Strategy Shrinks With Budget Cuts
Monday, May 23, 2016 The departure of BP's exploration boss has turned the spotlight on an oil search strategy that is focusing mainly on expanding existing fields rather than venturing into the unknown.
Egypt's Gas Projects To Increase Production To 6Bcf Per Day By End-2019
Sunday, May 22, 2016 Egypt will increase its natural gas production to between 5.5 and 6 billion cubic feet per day by the end of 2019, says Oil Minister Tarek El Molla.
Norwegian Production Rises
Friday, May 20, 2016 Norway's production levels are increasing, according to preliminary production figures from the Norwegian Petroleum Directorate.
CFTC: Speculators Cut US Nat Gas Net Longs
Friday, May 20, 2016 US natural gas speculators cut net long positions for a third week in four, betting prices would remain low in future months to encourage power generators to burn more of the record high inventory of fuel left after a warm winter.
Russia's Gazprom Expects 2016 Rebound In Output
Thursday, May 19, 2016 Gazprom will raise production this year but has slowed construction of its Power of Siberia pipeline set to serve China from 2018, says Deputy Chairman Vitaly Markelov.
Proposed Gazprom Dividend Would Cut Russian State's Income
Thursday, May 19, 2016 Gazprom proposes a dividend less than half as big as the amount implied in a government order for state companies, adding to strains on state finances caused by low oil prices.
Report: North Sea Operator, Supply Chain Collaboration Increasing
Thursday, May 19, 2016 Collaboration between operator companies in the North Sea oil and gas industry and the wider supply chain is increasing, according to a report by Oil & Gas UK and Deloitte.
Adviser: Big Demand for Debt Restructuring Services in Emerging Markets
Thursday, May 19, 2016 Debt restructuring advisers are being kept busy by emerging markets and demand for their services is likely to increase as weak commodities and tougher capital markets batter the sector, a top restructuring executive told Reuters.
Confidence Low Among North Sea Contractors, Further Job Losses Expected
Thursday, May 19, 2016 Seventy-five percent of North Sea oil and gas contractors are less confident about their prospects on the UK Continental Shelf than they were a year ago, according to a new industry report.
In North Dakota's Oil Patch, A Humbling Comedown
Wednesday, May 18, 2016 Dave Van Assche's postal services business he had built over three short years was thriving, catering to the tens of thousands of people who, like him, had streamed into North Dakota to strike it rich during an unprecedented oil boom.
Russell: China's Surging Crude Oil Imports For Storage May Ease
Wednesday, May 18, 2016 China appears to be stockpiling crude oil at a faster pace than the market had expected, taking advantage of low prices but perhaps also pulling forward its demand for imported crude.
Europe's Oil Majors Warm Up to Green Energy Investments
Wednesday, May 18, 2016 Europe's biggest oil companies, reeling from losing billions in the two-year oil market rout, are intensifying their push into renewable energy as they hunt for new sources of future revenue.
Exxon Neftegas, Sakhalin Energy Discuss Buying Gas For Sakhalin-2
Wednesday, May 18, 2016 ExxonMobil's Russian affiliate Exxon Neftegas and Sakhalin Energy restart talks on buying gas from the Sakhalin-1 project for Sakhalin-2 expansion.
IS Unlikely to Gain Control of Libya's Oil
Wednesday, May 18, 2016 IS is unlikely to gain control of Libya's oil, says Martijn Murphy, Wood Mackenzie's research manager for North African upstream oil and gas.
Total CEO: Oil Demand Strong, Year End Too Early For Rebalancing
Wednesday, May 18, 2016 Oil demand in 2016 will stay strong, supporting prices, but the market is unlikely to rebalance by the year end, says Total's Chief Executive.
Japan Energy Spending Cuts Add Urgency to Securing Future Supply
Tuesday, May 17, 2016 Energy companies in Japan are slashing investments by more than one-third following the collapse in commodity prices, increasing pressure on Prime Minister Shinzo Abe's government to supplement exploration budgets.
Expert: No One Got This Right
Tuesday, May 17, 2016 Strategies for coping with the lower for longer oil price environment was the focus of the Mayer Brown Global Energy Conference.
China Helping Balance Oil As Thirsty Refiners Rely On Old Fields
Monday, May 16, 2016 China's tumbling crude production amid record-high demand from its oil refineries is helping tighten a global market recovering from a glut.
Oil Drillers Adding Hedges as Crude Closes In on $50 a Barrel
Monday, May 16, 2016 Oil producers are taking advantage of the rebound in crude markets to lock in protection against another slump.
SandRidge Energy Files for Bankruptcy Protection
Monday, May 16, 2016 SandRidge Energy and master limited partnership Breitburn Energy Partners filed for bankruptcy protection on Monday, the latest US oil and gas companies to fall victim to weak oil prices.
Linn Energy, Breitburn Could Be Tip of Iceberg for MLP Bankruptcies
Monday, May 16, 2016 Upstream MLP Breitburn Energy Partners files for bankruptcy protection and analysts believe there could be more to follow.
New North Sea Beckons Oil Producers Off Canada’s East Coast
Friday, May 13, 2016 A change to an obscure shipping law is helping draw major oil companies to an area off Canada’s east coast that may rival the North Sea for its production potential.
Gadfly: Anything Saudi Aramco Can Do, Royal Dutch Shell Can Too
Friday, May 13, 2016 Cheap oil crimping your spending plans? Sitting on a bunch of valuable upstream oil assets that could be monetized? How about a mammoth IPO? No, not Saudi Arabia. I'm talking about Royal Dutch Shell.
Japan Oil Firms Eye Smaller Investments Amid Low Oil Price
Friday, May 13, 2016 Japanese oil companies are planning to cut spending on exploration and refining over the next few years as the plunge in crude prices since 2014 hammers their balance sheets and refining margins.
OPEC Pumps More Oil After Freeze Talks Fail, Says Oversupply Persists
Friday, May 13, 2016 OPEC says the global oil market remains oversupplied and points to a larger supply surplus on the market this year, as its own surging output makes up for losses in outside producers hurt by the collapse in prices.
Oil At $45 A Barrel Proving No Savior As Bankruptcies Add Up
Friday, May 13, 2016 Three bankruptcies this week shows that $45 a barrel oil isn't enough to rescue energy companies on the verge of collapse.
No Big Bang, But Quiet Reforms Reshaping China's Oil And Gas Sector
Thursday, May 12, 2016 Expect no radical "big bang" in China's shake-up of its giant state-run energy firms, but a series of experimental and incremental steps that Beijing has quietly embarked on may still bring meaningful change to an economically crucial sector.
Russia's Novak: Global Oil Market Won't Balance Before 2017
Thursday, May 12, 2016 Russian Energy Minister Alexander Novak says the global oil surplus is at 1.5 million barrels per day (bpd) and that the market might not balance out until the first half of 2017.
IEA Sees Smaller Global Oil Surplus As India Drives Demand Gains
Thursday, May 12, 2016 The global oil surplus in the first half of this year will probably be smaller than previously estimated because of robust demand in India and other emerging nations, the International Energy Agency says.
Wentworth Reduces Net Loss in 1Q, Delivers 'Encouraging' Output
Thursday, May 12, 2016 Wentworth Resources Limited reduces its net loss during 1Q 2016, compared to 1Q 2015, achieving an average gross daily production of 48 million cubic feet of gas per day in the process.
Nation's Financial Health Key in National Oil Company Behavior
Wednesday, May 11, 2016 A country's financial health will be a primary factor in determining how its national oil company behaves, industry insiders say.
Mexico's Pemex Boosts Crude Shipments to Japan Through Spot Sales
Wednesday, May 11, 2016 Mexico's state-run oil company Pemex will increase crude exports to Japan in the coming months after selling several spot cargoes to customers including Cosmo Oil, JX Holdings and TonenGeneral, sources say.
Premier Oil Achieves 'Strong' Production, Cuts Costs
Wednesday, May 11, 2016 Premier Oil achieved "strong" production levels in 1Q, according to its latest trading update, cutting costs by 10-20% in the process.
New Contracting Strategies Needed in Oil Price Downturn
Wednesday, May 11, 2016 The oil and gas industry will need to reinvent itself on a number of levels, including contracting strategies and supplier relations, for deepwater E&P to survive, a key offshore executive says.
EIA Sees Brent Oil Prices Rebounding to $76 Per Barrel in 2017
Wednesday, May 11, 2016 The price of Brent crude oil should rebound in the next year to about $76 a barrel as consumption continues to increase in coming years, a key US energy agency said on Wednesday.
Energy Deals Elusive Despite $110B in Assets on the Block
Tuesday, May 10, 2016 Energy companies, including some of the world's biggest, could be forced to slash prices of more than $110 billion worth of assets they want to sell after deal-making in oil and gas fields ground to a halt due to the volatile crude market.
Russian Oil Chief Sechin: OPEC Unity Effectively Extinct
Tuesday, May 10, 2016 OPEC is effectively extinct as a united organization and the time when it could determine global oil market conditions should be forgotten, says Igor Sechin, head of Rosneft.
Saudi Aramco Says Its Oil Output Trending Slightly Upwards
Tuesday, May 10, 2016 Saudi Aramco's oil production is trending slightly upwards in 2016 because of growth in demand, says chief executive Amin Nasser.
SNP Wins Scottish Election, Pledges Support to Oil, Gas Industry
Friday, May 06, 2016 The Scottish National Party wins the Scottish general election after pledging to support the oil and gas industry.
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|Brent Crude Oil :||$48.61/BBL||0.53%|
|Light Crude Oil :||$48.62/BBL||1.12%|
|Natural Gas :||$1.98/MMBtu||3.41%|
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