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Frackers Preach Patience on Payoff From $70 Oil, Growth in Shale

Tuesday, April 24, 2018 The world's biggest oilfield service companies have a message for investors: There's a payoff for patience.

Oil Slips as Trump and France's Macron Talk Iran Deal

Tuesday, April 24, 2018 Oil prices slips as concerns that the United States might reinstate sanctions against Iran faded somewhat, alleviating worries about the future of Iranian exports.

Shell to Deploy New Design in Mississippi Canyon

Tuesday, April 24, 2018 Shell, Statoil to proceed with eight-well subsea project southeast of New Orleans.

Permian Basin Seen Growing to Largest Oil Patch in the World

Tuesday, April 24, 2018 The Permian shale play is all about setting records. Now, the region will probably become the world's largest oil patch over the next decade.

The Real Oil, Gas Disrupter – Application of Technology

Tuesday, April 24, 2018 Big Data and analytics experts discuss the real challenges the industry faces as it adopts and implements the use of more technology.

Big Oil Gets Little Love With Toxic Troika Shadowing Revival

Tuesday, April 24, 2018 For generations of investors, Exxon Mobil Corp. has been a cornerstone of fund managers' portfolios alongside the biggest names in corporate America. Not so much any more.

Lebanon to Prepare for Second Offshore Oil, Gas Licensing Round -Minister

Tuesday, April 24, 2018 Lebanon's energy minister said he had asked the country's petroleum authority to start preparing for a second oil and gas offshore licensing round, but did not give a timeline for when it might happen.

Report: EMU Deal Activity Shifting Toward Power, Utilities

Tuesday, April 24, 2018 Energy, mining and utilities deals have long been dominated by oil and gas transactions, but now they appear to be moving closer toward the power and utilities space.

Saipem Scouting Around as Subsea 7 Bid Makes Waves

Tuesday, April 24, 2018 Italian oil services group Saipem is looking round for growth opportunities.

Kemp: Mission Accomplished for OPEC as Oil Moves from Slump to Boom

Tuesday, April 24, 2018 The slump that characterized the oil market between the middle of 2014 and the middle of 2016 has been replaced by what looks like the beginning of a boom.

Brazil's Upcoming Pre-Salt Oil Round Attracts Record Interest

Tuesday, April 24, 2018 A record 16 companies have said they will take part in Brazil's scheduled June auction for the right to explore offshore oil blocks in the country's high-potential pre-salt area.

Iraq to Auction Oil Exploration Contracts on Thursday

Monday, April 23, 2018 Iraq is offering 11 new blocks for exploration in border areas with Iran and Kuwait and in offshore Gulf waters.

Thai Petroleum Fields Auction to Begin Tuesday -Energy Minister

Monday, April 23, 2018 Thailand will begin auctions on Tuesday for petroleum fields in the Gulf of Thailand, Minister of Energy Siri Jirapongphan said on Monday.

Onshore Niger Well Hits Oil

Monday, April 23, 2018 British independent oil and gas company Savannah Petroleum plc announces that an oil discovery has been made at the Bushiya-1 exploration well, located onshore south east Niger.

Explorers Crank Rig Count Higher as US Crude Supplies Dwindle

Friday, April 20, 2018 Oil explorers deployed more U.S. rigs this week as increasingly tight crude supplies pushed prices to their highest since 2014.

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.

Facing Shipping Constraints, Canada Moving Oil One Truckload at a Time

Monday, April 23, 2018 Canada's oil industry faces significant challenges, not the least of which are high production costs, remote oil fields and, perhaps most pressing, the shipping bottlenecks.

Trump's Revenge: US Oil Floods Europe, Hurting OPEC and Russia

Monday, April 23, 2018 U.S. oil is even edging out North Sea Forties, which is produced in the backyard of the continent's refineries.

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.

Egypt Aims For $10B Foreign Investment In Oil, Gas In 2018/19

Monday, April 23, 2018 Egypt aims for foreign investment in the oil and gas sector to reach about $10 billion in the 2018/19 fiscal year that begins in July, Petroleum Minister Tarek El Molla says.

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.

Offshore Rig Operator Borr Drilling Cuts Jobs in Texas

Monday, April 23, 2018 The filing with the Texas Workforce Commission did not provide a reason for the layoffs.

Libya Examines Total-Marathon Purchase, Casting Doubt On Deal - Sources

Monday, April 23, 2018 Libya is considering whether to intervene in a $450 million deal that French major Total announced last month to buy a Marathon Oil stake in the country's Waha concessions, several sources tell Reuters.

Hurricane Energy Appoints New Non-Executive Chairman

Monday, April 23, 2018 UK based oil and gas company Hurricane Energy plc appoints Steven McTiernan as its new non-executive chairman, effective May 1.

EM&I: Local Staff 'Key' to Success of Overseas Bases

Monday, April 23, 2018 Employing a local staff majority as soon as possible has been 'key' to the success of EM&I Group's overseas bases, the international asset integrity specialist reveals.

Indonesia Compensates Pertamina with Oil Block Handover

Friday, April 20, 2018 Pertamina has signed deals to take over rights to eight expiring oil field blocks previously held by firms including Chevron, CNOOC and Inpex, Indonesian energy ministry officials 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.

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.

Brazil's Raizen Buys Shell Downstream Assets in Argentina for $950 mln

Tuesday, April 24, 2018 Brazil's Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell PLC for $950 million.

ADNOC Sets Up Oil Trading Business to Help Find New Markets

Monday, April 23, 2018 It's part of the state-run firm's efforts to expand its international business and secure new markets.

Saudi Aramco to Lift Oil-Trading Volume to 6 Million Barrels/Day

Monday, April 23, 2018 The jump in trading volume would put Saudi Aramco in the top tier of companies that buy and sell crude and refined products.

Britain, South Korea in Talks to Protect Crude Oil Trade

Monday, April 23, 2018 Britain and South Korea are in talks to protect an arrangement of tax breaks for Korean buyers of North Sea crude beyond Britain's upcoming exit from the EU.

Kazakhstan to Slash Heavy Oil Exports as it Goes Upmarket

Friday, April 20, 2018 The Central Asian country's oil refineries could reduce fuel oil exports by around 35 percent this year.

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.

General Electric to Trial World’s Largest Wind Turbine in Britain

Tuesday, April 24, 2018 U.S. conglomerate General Electric will test the world's largest wind turbine in a facility in northeast England.

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.

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.

Enbridge Shares Fall on Minnesota Pipeline Route Ruling

Tuesday, April 24, 2018 Shares of Canadian pipeline operator Enbridge Inc dropped more than 4 percent after a Minnesota judge agreed the Line 3 oil pipeline replacement project was needed, but rejected the company's preferred route.

Algeria Launches Gas Pipeline to Boost Supply to Major Southern City

Tuesday, April 24, 2018 Algeria launched on a 530 kilometre-long gas pipe to supply Tamanrasset, its biggest southern city, with 700,000 cubic metres per day, the CEO of state firm Sonatrach said.

Colombia's Transandino Pipeline Halted After Bomb Attack

Monday, April 23, 2018 Colombia's southern Transandino pipeline was halted after a bomb attack by an illegal armed group spilled crude oil into a river, state-run oil company Ecopetrol said on Sunday.

BP Gets First Chance to Sell US Pipeline Stake Since its IPO

Monday, April 23, 2018 Large holders of BP Midstream Partners LP may sell up to 10 million additional units starting Tuesday, when they become available to trade for the first time since October's IPO.

Petrobras Is Said to Receive Three Bids for Natural Gas Unit

Friday, April 20, 2018 etrobras has received three bids for a 2,800-mile (4,506 kilometer) natural gas pipeline system, said people knowledgeable on the matter.

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.

East Coast Booms on Export Demand for Diesel, Heating Oil

Friday, April 20, 2018 Latin American buying has helped drive strong export flows and bolster refinery margins.

Japan Carbon Capture Site Shows Promise for Industrial Use

Friday, April 20, 2018 A test site in Japan for burying CO2 below the seabed off Hokkaido island is showing more promise than other CCS projects, its developer says.

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.

Exxon Mobil Offers PNG LNG Cargo for May Delivery to N. Asia -Traders

Tuesday, April 24, 2018 Exxon has offered a liquefied natural gas cargo from its recently restarted Papua New Guinea plant for delivery into the Japan, Korea, Taiwan (JKT) region in May, two traders with knowledge of the matter said.

Shell, Inpex Near Finish Line in Race to Export North Australian LNG

Tuesday, April 24, 2018 Shell and Inpex are on the final stretch of a years-long race to export gas from offshore northern Australia, where both have spent billions of dollars building the world's biggest maritime vessels to grab a slice of Asia's booming LNG market.

Croatia Delays Bidding Round for LNG Terminal Capacity to Late June

Monday, April 23, 2018 Croatia has moved to late June the second round of bidding to use capacity in a planned LNG terminal in the northern Adriatic, the company that manages the project said on Monday.

Australia's Ichthys Project to Import LNG to Cool Plant Ahead of Start-up

Monday, April 23, 2018 Japan's Inpex Corp and its partners have bought a cargo of LNG to cool their Ichthys LNG plant in Australia ahead of a potential start-up.

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.

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