Govt & Regulatory News


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Oil Poised for Sixth Weekly Loss
Friday, November 16, 2018 Oil is poised for a sixth weekly loss, trading near $57 a barrel.

Heavy Canadian Crude Falls to Record Low
Friday, November 16, 2018 Heavy Western Canadian Select crude fell to a record low.

Iraq Resumes Oil Exports from Kirkuk
Friday, November 16, 2018 Iraq said it resumed oil exports from Kirkuk to Turkey, which had been halted for a year by a political dispute.

Oil Trades Near $56
Thursday, November 15, 2018 Oil traded near $56 a barrel after snapping a record losing streak.

OPEC+ Said to Weigh Bigger Production Cut
Thursday, November 15, 2018 OPEC+ is considering cutting oil output by more than the 1 million barrels a day Saudi Arabia proposed earlier this week, according to people familiar with the matter.

Canadian Oil Patch Loses Patience with Country's Lack of Support
Thursday, November 15, 2018 The Canadian oil patch is losing patience with the country's lack of support for the industry.

How Will Oil's Freefall End?
Wednesday, November 14, 2018 Oil's record losing streak has plunged prices into a bear market and is reverberating around the globe.

Strong Interest in Latest UK Licensing Round
Wednesday, November 14, 2018 The UK's latest offshore licensing round has attracted 36 applications covering 164 blocks.

IEA Welcomes Return of Oil Surplus
Wednesday, November 14, 2018 The IEA welcomes the oil market's return to surplus.

US Crude Production to Hit Record 7.94 MMbpd in December
Wednesday, November 14, 2018 The US EIA projects record crude oil production in December.

US Set to Export Petroleum Like It's 1949
Wednesday, November 14, 2018 IHS Markit contends that the total 2017 US merchandise trade deficit was nearly $250 billion lower than it would have been otherwise had the petroleum trade deficit remained at the 2007 level.

Market Balanced, No Cause for Alarm
Tuesday, November 13, 2018 The market is still relatively in a state of balance and there is no cause for alarm, the OPEC Secretary-General tells Bloomberg.

Oil Climbs After Record Run of Losses
Monday, November 12, 2018 Oil climbed after a record run of losses as Saudi Arabia said it will reduce crude sales in December and speculation rose that OPEC and its allies will cut output next year.

Saudis See Need for Producers to Cut 1MM Barrels
Monday, November 12, 2018 Saudi Arabia expresses the need for oil producers to cut 1 million barrels a day from October levels.

Analysts Not Surprised by Move into Bear Territory
Monday, November 12, 2018 Analysts at Cantor Fitzgerald Europe are not surprised by the move into bear territory.

Oil Teeters Near Record Losing Streak
Friday, November 09, 2018 Oil's set for its longest stretch of declines on record after entering a bear market.

Time Has Come for OPEC to Start Worrying
Friday, November 09, 2018 The time has come for OPEC to start worrying, according to the founder of Vanda Insights.

Sub-Saharan Africa Capex Could Hit $24B in 2019
Friday, November 09, 2018 CAPEX among Sub-Saharan Africa national oil companies and SSA-focused international oil and gas companies is set to register a 13.1% growth in 2019.

Keystone XL Pipeline Project Blocked
Friday, November 09, 2018 TransCanada Corp.'s long-delayed Keystone XL pipeline project was blocked by a Montana federal judge pending further environmental review.

Trump Admin-approved Iran Oil Buyers Line Up
Friday, November 09, 2018 Armed with waivers to keep importing Iranian oil without running afoul of U.S. sanctions, some of the Islamic Republic's top customers are preparing to buy.

Keystone XL Ruling Could Just Be Symbolic
Friday, November 09, 2018 A Montana federal judge Thursday found that the 2014 environmental assessment by the Obama administration fell short.

Oil Trades Near $62
Thursday, November 08, 2018 Oil was steady after 8 days of losses.

Oil Market Faces Precarious Few Months
Thursday, November 08, 2018 The oil market faces a precarious few months, according to Wood Mackenzie.

UKCS Reserves Could Sustain Output for 20+ Years
Thursday, November 08, 2018 The OGA's estimate for proven and probable (2P) UKCS reserves, as at end 2017, is 5.4 billion barrels of oil equivalent.

Oil Groups Warn Trudeau's Reforms Will Make it Worse
Thursday, November 08, 2018 It's a rough time in Canada's oil patch, and the energy industry is warning that Justin Trudeau is about to make it worse.

Oil Poised for Longest Losing Run Since 2014
Wednesday, November 07, 2018 Crude's set for the longest losing streak since 2014 as concerns of a supply crunch ease.

OPEC Eyes Yet Another U-Turn
Wednesday, November 07, 2018 OPEC is enduring one of the most head-spinning years in its history.

California Rejects Gasoline-Tax Hike Repeal
Wednesday, November 07, 2018 Golden State voters reject Proposition 6.

Well Setback Measure Fails in Colorado
Wednesday, November 07, 2018 A controversial proposal on the ballot in Colorado that would have dramatically limited new oil and gas development in the state failed at the polls Tuesday.

Croatia Launches Second Onshore License Round
Wednesday, November 07, 2018 Croatia launches its second onshore licensing round.

Nigeria Oil Minister Says Oil Refinery Revival Pushed Back
Wednesday, November 07, 2018 The revival of Nigeria's state-owned refineries will happen a year later than expected after financing talks dragged on, according to the nation's oil minister.

Australia Govt Nixes CK's Pipeline Bid on National Security
Wednesday, November 07, 2018 CK Group's $9.4B bid for gas pipeline operator APA Group was knocked back by Australia's government on national security concerns.

Oil Trades Near 7-Month Low
Tuesday, November 06, 2018 Oil held near the lowest level in 7 months as concerns over a supply crunch eased after the U.S. granted waivers to 8 governments to continue buying some Iranian crude.

Oil Could Hit $100 If Supply Crunch Worsens
Tuesday, November 06, 2018 Oil prices are likely to be 'biased to the upside' for the rest of the year, according to Citigroup Inc.

Crude Extends Decline
Monday, November 05, 2018 Oil extended its decline to a sixth day.

Israel Launches 2nd Offshore Bid Round
Monday, November 05, 2018 Israel announces the launch of its 2nd offshore bid round.

Rising Gasoline Prices Push Macron Popularity Down
Monday, November 05, 2018 Rising gasoline prices at the pump have emerged as the latest source of unpopularity for French President Emmanuel Macron.

Sunday Midnight Will Mark Dividing Line in Oil World
Friday, November 02, 2018 Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government.

Oil Set for Worst Week Since February
Friday, November 02, 2018 Oil's set for the biggest weekly loss since February.

Oil Extends Losses Near $65
Thursday, November 01, 2018 Oil extended losses near $65 a barrel after the worst month in more than 2 years.

India, Korea, US Said to Agree Iran Oil Waiver Outline
Thursday, November 01, 2018 India and South Korea agreed with the U.S. on the outline of deals that would allow them to keep importing some Iranian oil, according to Asian officials with knowledge of the matter.

Oil Set for Biggest Monthly Slide Since 2016
Wednesday, October 31, 2018 Oil's set for its biggest monthly drop since 2016 as the specter of a slowdown in the global economy haunts the market.

North Sea Columbus Development Gets Green Light
Wednesday, October 31, 2018 The Field Development plan for the North Sea Columbus Development has been approved.

OGA Gives Its View on Autumn Budget
Wednesday, October 31, 2018 The Chief Executive of the UK's Oil and Gas Authority, Andy Samuel, has responded to the Chancellor of the Exchequer's Autumn Budget.

Oil Holds Losses
Tuesday, October 30, 2018 Oil held losses near $67 a barrel on speculation that an escalating trade dispute between the United States and China will dampen global growth at a time when American crude inventories are growing.

What the Autumn Budget Means for UK Oil and Gas
Tuesday, October 30, 2018 The Chancellor of the Exchequer delivers the 2018 Autumn Budget, which included several points relevant to the UK oil and gas industry.

UK Must Increase Cost Effective Drilling Activity
Tuesday, October 30, 2018 The UK offshore oil and gas industry needs to make a concerted effort to increase cost effective drilling activity, according to the OGA.

Total Gets Nod to Extend Skirne and Byggve Lifespan
Tuesday, October 30, 2018 Total E&P Norge gets consent to extend the operational life of Skirne and Byggve to March 2024.

Oil Trades Below $68
Monday, October 29, 2018 Oil traded below $68 a barrel as traders assessed mixed supply signals from producers.

Nigeria Sees OPEC Holding Firm in December
Monday, October 29, 2018 OPEC and its allies are likely to keep oil-production policy steady when they meet in December, Nigeria's oil minister says.