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Trump Slams OPEC as Cartel Pushes Harder for High Oil Prices

Friday, April 20, 2018 Russia's energy minister said that OPEC production cuts have helped U.S. oil producers.

More Countries Needed In OPEC, Non-OPEC Pact - UAE's Al Mazrouei

Friday, April 20, 2018 Further oil producers need to join OPEC and non-OPEC producers in curbing supply, UAE oil minister Suhail Mohamed Al Mazrouei tells a German newspaper.

Ex-Venezuelan Official Pleads Guilty in US Corruption Case

Thursday, April 19, 2018 A former Venezuelan official on Thursday pleaded guilty to taking part in a scheme involving bribes paid by U.S. companies to Venezuelan officials to secure energy contracts and speed up payments.

Oil Rally Stalls as OPEC is Said to See Goal Nearly Accomplished

Thursday, April 19, 2018 Oil's rally stalled as OPEC and allied crude producers gathered in Saudi Arabia amid signs a worldwide glut has been mostly eradicated.

BLOG: Upstream Companies, Is Your Portfolio in Shambles?

Thursday, April 19, 2018 A report by Deloitte identifies how E&Ps can build a portfolio to fit the future of their business.

Analysts: New Find Won't Yield 'Significant Economic Windfall' for Bahrain

Thursday, April 19, 2018 Oil and gas analysts at BMI Research do not expect Bahrain's recent discovery of a large oil and gas field to yield a 'significant economic windfall' for the country.

Norway's Odfjell Drilling to Expand Fleet as Rig Market Recovers

Friday, April 20, 2018 Offshore rig firm Odfjell Drilling plans to expand its floating rig fleet to between six and 10 from four now, it said on Friday.

Trump Administration Begins Review Process for Drilling in Alaska Refuge

Thursday, April 19, 2018 Alaskan lawmakers have been fighting for decades to open the refuge.

Philippines Hopes For Sea Exploration Pact With China This Year

Wednesday, April 18, 2018 Philippine Foreign Secretary Alan Peter Cayetano is confident that an agreement with China to jointly explore for oil and gas in South China Sea can be signed this year.

Australia's Northern Territory Lifts Fracking Ban

Tuesday, April 17, 2018 Australia's Northern Territory lifts a nearly 2-year moratorium on fracking to extract gas, unlocking vast onshore reserves in the resource-rich region.

PSA Grants Wellesley Petroleum Consent to Drill North Sea Exploration Well

Friday, April 13, 2018 Petroleum Safety Authority Norway grants Wellesley Petroleum consent to drill exploration well 35/12-6 S.

Iraq Postpones Oil And Gas Auction To April 25

Thursday, April 12, 2018 Iraq has postponed its oil and gas bidding round for 11 new blocks to April 25.

Gas Discovery Made in Egypt

Thursday, April 12, 2018 SDX Energy Inc makes a gas discovery at its Ibn Yunus-1X exploration well at South Disouq, Egypt.

Oklahoma Regulators Order Disposal Well Shut, More Reductions After Quakes

Friday, April 20, 2018 Oklahoma regulators on Thursday ordered a wastewater disposal well shut and told two operators to reduce injection volumes, the second such directive in less than two weeks.

Trump's Claim of 'Oil All Over the Place' Isn't True Anymore

Friday, April 20, 2018 While OPEC has been curbing supply in a successful bid to revive oil prices, the group's success means that there's no longer a global glut of oil.

Norwegian Production Declines in March

Friday, April 20, 2018 Norwegian production decreases month-on-month in March, according to the Norwegian Petroleum Directorate's latest preliminary output figures.

OPEC, Non-OPEC Panel Finds Oil Glut Virtually Eliminated

Thursday, April 19, 2018 A global oil glut has been virtually eliminated, according to a joint OPEC and non-OPEC technical panel, two sources familiar with the matter said.

Oil And Gas Firm Energean To Boost East Mediterranean Output

Thursday, April 19, 2018 Energean Oil & Gas is boosting its Greek output and expects first gas from its Israeli fields in the first quarter of 2021.

Yorktown Selling Egypt Oil Business Merlon -Sources

Friday, April 20, 2018 Private equity firm Yorktown Partners is selling its Egyptian-focused oil and gas company Merlon International, hoping to raise up to $400 million, 2 banking sources told Reuters.

UAE Court Says Dana Gas Can Distribute Dividends, Contradicts UK Court

Wednesday, April 18, 2018 The ruling is the latest move in a legal battle in the UAE and Britain which began last year.

Seadrill Gets US Court Approval For Bankruptcy Exit Plan

Tuesday, April 17, 2018 A US judge saya he would approve Seadrill's plan to exit its Chapter 11 bankruptcy.

Drillcore Creates $250MM Fund for US Upstream Investments

Tuesday, April 17, 2018 Drillcore Energy Partners is seeking its first private equity fund to make upstream investments in the continental U.S.

China's Sinochem Hires Banks for $2 bln IPO of Oil Assets - Sources

Tuesday, April 10, 2018 China's Sinochem Group has hired seven banks to manage a $2 billion Hong Kong stock listing of its key oil assets, three people said, as the state-owned firm shifts to higher-value businesses, including petrochemicals production.

Exxon Sparks IMF Concern With Weighty Returns in Tiny Guyana

Monday, April 09, 2018 Exxon Mobil Corp. got such a "favorable" deal from Guyana, home to the biggest new deepwater oil play, that the tiny South American country should rewrite its tax laws, the International Monetary Fund said.

Oil Major Total's CEO Says Will Not Give Up on Venezuela

Friday, April 20, 2018 "Despite all the difficulties, Total remains in Venezuela," said CEO Patrick Pouyanne.

Schlumberger Profit Surges On Higher Oil Prices

Friday, April 20, 2018 Oilfield services provider Schlumberger NV reports an 88% rise in quarterly profit as rising crude oil prices encourage its North American clients to ramp up spending.

Drilling Systems, AIS Launch New Tech-Focused Training Company

Friday, April 20, 2018 Drilling Systems, a simulator developer, joins forces with industrial training provider AIS to create a new technology-focused training organization for the global energy industry.

Wood, Cisco, Roue Open New O&G Advanced Technology Center in Mexico

Friday, April 20, 2018 Wood, Cisco and Roue Consultores open a new oil and gas Advanced Technology Center (ATC) at Wood's operations center in Naucalpan, Mexico.

Indonesia Removes Pertamina Chief After Oil Spill, Other Issues

Friday, April 20, 2018 Indonesia has removed Pertamina chief executive Elia Massa Manik after a series of problems at the state-owned energy company.

Aibel Secures Statoil Njord Bravo FSU Contract

Thursday, April 19, 2018 Aibel secures a contract from Statoil for the refurbishment and lifetime extension of the Njord Bravo Floating Storage Unit.

Tillerson Flap Bad Timing for Iran Decision: Balance of Power

Thursday, October 05, 2017 Signs of friction are again plaguing Donald Trump's White House at a pivotal moment for his policy agenda.

Oil Drillers May See Big U.S. Tax Cut - If Deductions Survive

Thursday, October 05, 2017 U.S. oil explorers could see a multibillion-dollar benefit from a move to slash the U.S. corporate tax rate but some of the industry's biggest tax breaks could also be under fire.

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.

Nissan to Cut Hundreds of Jobs at UK Plant as Diesel Demand Slides -Source

Friday, April 20, 2018 Nissan will cut hundreds of jobs at its Sunderland plant, Britain's biggest automotive factory, as it tackles declining demand for diesel models across Europe, a source told Reuters.

New Gas Processing Complex Launched in Uzbekistan, Creates 2,000 Jobs

Friday, April 20, 2018 Lukoil officially opens a gas processing complex at the Kandym fields cluster in Uzbekistan.

Oil Traders Try Crude-Pricing Alternatives as US Output Soars

Thursday, April 19, 2018 Rapid increases in U.S. oil output and exports over the past two years are forcing some traders and producers to try alternative ways of pricing crude.

Petrobras Refining Partnership Deals Likely Only in 2019 - CEO

Thursday, April 19, 2018 Petrobras has also unveiled a model for future partnerships in refining.

PDVSA Cancels Plans to Import US Crude Oil Amid Cash Crunch

Thursday, April 19, 2018 PDVSA was planning to buy 3.5 million barrels of West Texas Intermediate and Domestic Sweet Blend for its Isla refinery in Curacao.

Fluor Racks Up Another Galveston Bay Win

Wednesday, April 18, 2018 Fluor will perform the engineering and procurement scope for Marathon Petroleum's STAR program.

Big Oil Bids to Burnish Credentials in War on Climate Change

Tuesday, April 17, 2018 The world's biggest oil companies, for long typecast as villains of climate change, are seeking to reinvent themselves.

Farm State Senators Demand EPA Name Recipients Of Biofuel Waivers

Tuesday, April 17, 2018 A bipartisan group of senators from US farm states presses the EPA to stop issuing hardship waivers from the nation's biofuels laws to refiners and to name the companies that already have them.

EPA 'Secret' Biofuel Waivers Undercut Trump's Pledge to Farmers

Friday, April 13, 2018 Even as President Trump floats the idea of more ethanol sales, critics says moves by his EPA would undercut the support to corn farmers.

Trump Says He Will Probably Allow E15 Gasoline Sales All Year

Thursday, April 12, 2018 President Trump says his administration may allow the sale of gasoline containing 15% ethanol year-round.

Giant Wind Turbines Start to Pay Off and Investors Want More

Tuesday, April 10, 2018 The expanding network of giant windmills in the North Sea - the largest such collection in the world - is turning into a windfall for some bankers helping institutional investors acquire a piece of Europe's renewable-energy market.

BP Teams Up with Tesla to Venture into Battery Storage for Windfarm

Tuesday, April 10, 2018 BP has teamed up with Tesla to build its first battery storage project at one of its U.S. windfarms as part of a strategy to expand its renewable energy business.

Plastic Makers' Credit Ratings May Be Hit by Pollution Rules

Thursday, April 19, 2018 Plastic packaging makers may be less credit-worthy in the future as governments try to curb marine litter, Moody's Corp. said in a report.

China Catches 'New Wave' of Ethane Cracker Projects

Wednesday, April 18, 2018 CB&I to work on two ethylene plants.

Oil Major Total and Aramco Sign $5B Deal to Build Jubail Petrochem Complex

Tuesday, April 10, 2018 French oil and gas major Total signed a $5 billion deal with Saudi Aramco to build a giant petrochemical complex at their 440,000 barrels-per-day Jubail Satorp refinery.

Aramco Takes Step to Integrating Petrochems into US' Biggest Refinery

Monday, April 09, 2018 Saudi Aramco took the first steps to integrating a petrochemicals business into the United States' biggest oil refinery.

ACC Chief: US Trade War with China 'Not the Answer'

Thursday, April 05, 2018 Leaders from US trade groups urge different approach.

TECH SHOWCASE: Modular Gas-to-Petchems Plant

Friday, March 30, 2018 Technology may offer direct solution to flaring associated gas.

Canadian Top Court's Beer Ruling Offers Few Clues for Kinder

Thursday, April 19, 2018 A push for freer alcohol trade within Canada fell flat at the country's highest court, in a ruling that offers little new clarity on the jurisdictional questions now plaguing a major pipeline project.

Now France's Oil Major Is Getting Ready for an Electric Future

Thursday, April 19, 2018 Total's action follows a similar utility acquisition by Royal Dutch Shell Plc in December.

Caisse's Stake in Kinder Brings Quebec Into Bitter Pipeline Feud

Wednesday, April 18, 2018 Caisse de Depot et Placement du Quebec discloses a large stake in Kinder Morgan Canada Ltd.

Canada Oil Recovery Faces Threat From Potential Rail Strike

Wednesday, April 18, 2018 A potential strike by Canadian Pacific Railway Ltd. workers threatens to derail a recovery in Alberta's beaten-down heavy oil prices.

Oil Cutoff Threatened as Canada Provinces Feud Over Pipeline

Tuesday, April 17, 2018 Canada's internal fight over Kinder Morgan Inc.'s Trans Mountain pipeline escalates.

Trudeau Seeks Talks With Kinder to Get Line to Pacific Built

Monday, April 16, 2018 PM Trudeau plans to start talks with Kinder Morgan to backstop the Trans Mountain pipeline after failing to end a spat between Canadian provinces that put the vital project at risk.

US Oil Rush Spurs 'Triangle' Trade as Output, Exports Soar

Friday, April 20, 2018 As supplies have increased and crude moved in new directions, some traders are suggesting contracts tied to landlocked Cushing should be replaced.

Jan-March Oil Shipments From Georgia's Batumi Down 54% YOY

Wednesday, April 04, 2018 Oil and oil-related shipments from Georgia's Black Sea port of Batumi fell 53.7 percent.

Saudi Arabia Expects No Oil Supply Impact From Houthi Tanker Attack

Wednesday, April 04, 2018 An attack on a Saudi tanker by Yemen's Houthis will not hit oil supplies, Saudi Arabia's energy minister says.

China's CNPC Sells First Gasoline To Americas As Fuel Stocks Hit Record

Tuesday, April 03, 2018 CNPC says it has sold its first ever gasoline to the Americas.

Norway's Gassco To Improve Transparency Of Gas Flows, Outage Reporting

Tuesday, April 03, 2018 Gassco will provide real-time information about gas exiting offshore pipelines at receiving terminals.

Gail India Offers Three LNG Cargoes From Sabine Pass For May To July

Tuesday, March 27, 2018 Gail India has offered three LNG cargoes for May to July.

US LNG Gets a Big Cheer in One of Russia's Smaller Neighbors

Thursday, April 19, 2018 One of Russia's European neigbors is fully embracing U.S. liquefied natural gas.

A First for Panama Canal: Three LNG Tankers Crossed in a Day

Thursday, April 19, 2018 Three LNG tankers sailed through the Panama Canal on the same day this week, marking a first for the newly expanded waterway and highlighting the booming global gas trade.

CNOOC Sells LNG In Debut Shanghai Auction As China Aims To Boost Supplies

Wednesday, April 18, 2018 CNOOC sells LNG cargoes on a domestic exchange for the first time.

Woodside Sees New Momentum On Long-Delayed Browse Gas Project

Wednesday, April 18, 2018 The long-delayed Browse gas project off Western Australia has gained key support.

Analyst: Switch To LNG For Shipping Fuel Not Enough To Meet Regulations

Tuesday, April 17, 2018 Switching to LNG to fuel ocean-going vessels may not be enough for shippers to comply with long-term emissions regulations, JBC Energy says.

LPG, Fuel Oil Tankers Collide Off Singapore Coast

Tuesday, April 17, 2018 Singapore's Maritime and Port Authority (MPA) said it is investigating a collision between two tankers in Singapore waters.

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