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Sasol raises cost estimate for U.S. plant by around $1 billion   May 22, 2019
The estimate for the Lake Charles Chemicals Project (LCCP), which will convert natural gas into plastics ingredient ethylene, is now $12.6-12.9 billion, including a contingency of $300 million, Sasol said in a stock exchange announcement. The company said ... Reuters  

Go Beyond Bargains: Play 5 Stocks With Rising P/E Instead   May 22, 2019
The stock comes from a top-ranked Zacks industry (top 36%). Story continues Murphy Oil Corporation (MUR): This independent exploration and production company has a Zacks Rank #2 and belongs to a ... Yahoo Finance  

Groningen quake prompts review of Dutch gas production plans   May 22, 2019
AMSTERDAM (Reuters) - The Dutch government will decide in the coming weeks whether a 3.4 magnitude earthquake that hit the northern natural gas-producing region of Groningen on Wednesday should ... Reuters  

Range Resources pledges zero emissions in the future   May 22, 2019
The region's largest natural gas driller has committed to a future with zero greenhouse gas emissions. Range Resources Corp. (NYSE: RRC), which has $3.3 billion in annual revenue and local headquarters at Southpointe, announced the goal in Tuesday's ... The Business Journals  

TSX futures lower as oil prices slip   May 22, 2019
(Reuters) - Stock futures for Canada's main equity index edged lower on Wednesday as oil prices fell due to an increase in U.S. crude inventories and on demand worries related to the U.S.-China ... Yahoo Finance  

Deals of the day-Mergers and acquisitions   May 22, 2019
Saudi Aramco has entered into a 20-year agreement with U.S.-based Sempra Energy to purchase liquefied natural gas(LNG) from its subsidiary Sempra LNG, the two companies said. ** The founders of ... Reuters  

Reuters Daily US Oil Brief - May 22   May 22, 2019
To access a PDF version of this newsletter, please click here here You can also read Reuters Daily US Oil Brief via TOPNEWS Energy page or if you would like to receive this newsletter through your ... Reuters  

At 4.9% CAGR, Artificial Lifts Market Size to Cross US$ 11800 Million by 2025   May 22, 2019
As per the report, the Artificial Lifts market is segmented into Schlumberger, GE, Dover Corporation, Baker Hughes, Weatherford International, Halliburton Company, JJ Tech, National Oilwell Varco, BCP Group, NOVOMET, Aker Solutions, Occidental Petroleum ... MarketWatch  

Norway's April oil output lags forecast, gas production beats -NPD   May 22, 2019
OSLO, May 22 (Reuters) - Norway’s oil production fell 8.8 percent year-on-year in April to 1.38 million barrels per day, lagging the official forecast for the month by 0.6 percent, Norway’s ... Reuters  

This Year’s Top U.S. Oil Stock Has No Stake in the Permian Basin   May 22, 2019
This year’s top-performing U.S. oil producer doesn’t have any operations in the world’s fastest-growing shale play. Unlike a long list of other oil drillers, Hess isn’t staking its name on the prolific Permian Basin, which has seen shale output ... Bloomberg L.P.  

Coal Bed Methane Market - Growing Popularity and Emerging Trends in the Industry By 2024 | Leading Players: Santos, EnCana, Metgasco, Petronas   May 22, 2019
May 22, 2019 (Heraldkeeper via COMTEX) -- Coal bed methane (CBM), an unconventional source natural gas, is naturally produced during the geologic process of converting plant material to coal (coalification). CBM has considerable potential as an abundant ... MarketWatch  

Oil Price Fundamental Daily Forecast – Demand Concerns Outweighing Supply Worries   May 22, 2019
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading mixed on Tuesday, but primarily rangebound. In a flip of the recent trend, WTI is outperforming Brent ... Yahoo Finance  

Aramco Taps Into U.S. Shale Gas Boom With Sempra LNG Deal   May 22, 2019
(Bloomberg) -- Saudi Aramco agreed to buy liquefied natural gas from Sempra Energy’s Texas export terminal, giving the world’s biggest oil exporter a stake in the fast-growing global gas trade. The deal, if completed, would mark Aramco’s first entry ... Finance Yahoo  

Oil prices drop on swelling U.S. stockpiles, trade war   May 22, 2019
LONDON (Reuters) - Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and on demand concerns linked to a protracted trade war between China and the United States. However, analysts said oil markets remained tight ... Reuters  

Oil Prices Fall on Saudi Pledge, U.S. Inventory Increase   May 22, 2019 - Oil prices fell on Wednesday in Asia after an industry report showing an increase in U.S. crude stocks and after Saudi Arabia pledged to keep oil markets balanced U.S. crude ... Yahoo Finance  

Crude Oil Price Update – Strong Downside Bias Could Drive WTI into $62.03   May 22, 2019
U.S. West Texas Intermediate crude oil futures are trading lower early Wednesday after weekly industry data showed an unexpected build in U.S. crude inventories and as Saudi Arabia pledged to keep ... Yahoo Finance  

Oil prices drop on swelling U.S. stockpiles, but markets remain tense   May 22, 2019
SINGAPORE (Reuters) - Oil prices fell on Wednesday after industry data showed an increase in U.S. crude inventories and as Saudi Arabia pledged to keep markets balanced. However, analysts said oil ... Reuters  

ENGIE Enters Pennsylvania Natural Gas Markets   May 22, 2019
HOUSTON, May 22, 2019 /PRNewswire/ -- ENGIE Resources announced today that it has entered two Pennsylvania retail natural gas markets. ENGIE is now offering 6-, 12-, 18-, 24-, and 36-month fixed ... Yahoo Finance  

Murphy Oil Corporation to Present at Upcoming Energy Conference   May 22, 2019
Murphy Oil Corporation (MUR) today announced that Roger W. Jenkins, President & CEO, will present at UBS Global Oil & Gas Conference in Austin, TX on Wednesday, May 22, 2019, at 3:45 p.m. Eastern ... Yahoo Finance  

Fire Resistant Hydraulic Fluids Market Size Poised to Touch USD 1630 million by 2024   May 22, 2019
A brief run-through of the industry segmentation encompassed in the Fire Resistant Hydraulic Fluids market report: Competitive landscape: Companies involved: Quaker, Houghton International, Eastman, ExxonMobil, BP, Total, Shell, Chevron, Lanxess (Chemtura ... MarketWatch  

CAGR of 8% || Petroleum Coke Market Strengthen With CAGR Of 8% By 2026   May 22, 2019
Global petroleum coke market segmentation by end-use: Calcining, Power plants, Cement kilns, Blast furnace Major leaders of the world Petroleum Coke market are: Chevron Corporation, Essar Oil, BP Plc, HPCL, ExxonMobil Corporation, Indian Oil Corporation ... MarketWatch  

PRESS DIGEST- Wall Street Journal - May 22   May 22, 2019
Saudi Arabian Oil Co, known as Aramco, has agreed to purchase U.S. liquefied natural gas from Sempra Energy, a new strategic direction for the Saudi kingdom as it seeks to establish a footprint in ... Reuters  

Oil prices Fall as Saudi Vows to Prevent Further Conflict in Middle East   May 22, 2019 - Oil prices fell on Wednesday in Asia amid comments by Saudi Arabia that said it would “do everything in its power” to prevent further conflict between Iran and the U.S. U.S ... Yahoo Finance  

China not signing deals to buy U.S. crude oil: Enterprise CEO   May 22, 2019
HOUSTON (Reuters) - Chinese companies looking to sign long-term agreements to buy crude oil from U.S. oil exporters have virtually disappeared, the chief executive of Enterprise Products Partners ... Yahoo Finance  

52-Week Company Lows   May 22, 2019
The price of the stock has decreased by 1.49% since. Occidental Petroleum reached the 52-week low of $53.46 The price of Occidental Petroleum Corp. (OXY) shares has declined to close to the 52 ... Yahoo Finance  

Russia says clean crude oil to reach Hungary, Slovakia within a week: RIA   May 22, 2019
MOSCOW (Reuters) - Russia’s Energy Ministry said on Wednesday that clean crude oil was moving via the Druzhba pipeline towards the border of Hungary and Slovakia and was expected to reach the metering stations there within a week, Russian news agencies ... Reuters  

Oil falls after Saudi assurances on market balance, Mideast tensions   May 22, 2019
TOKYO (Reuters) - Oil prices fell on Tuesday after Saudi Arabia reiterated it would aim to keep the market balanced and try to reduce tensions in the Middle East, while industry data showed a ... Reuters  

Top Stock Reports for Disney, Coca-Cola & Gilead   May 22, 2019
Production from U.S. Resource Plays Boost Marathon (MRO) Marathon Oil expects oil production from U.S. resource plays to rise 12% in 2019. However, the Zacks analyst is worried over the lack of ... Yahoo Finance  

Oil Falls as Deepening Trade War Stokes Fear Over Global Growth   May 22, 2019
(Bloomberg) -- Oil headed for its biggest drop in more than a week as signs the worsening U.S.-China trade war will take a toll on global economic growth overshadowed the prospect of OPEC and its ... Yahoo Finance  

Proposed U.S. plant to pull CO2 from thin air, use it to pump oil   May 22, 2019
JACKSON, Wyoming May 21 (Thomson Reuters Foundation) - A U.S. oil producer is teaming up with a company working to grab planet-warming carbon dioxide (CO2) straight from the air in a bid to ... Reuters  

The global petrochemicals market size is projected to reach USD958.8 billion by 2025   May 22, 2019
especially in North America and Europe • Some of the key industry participants are ExxonMobil, SABIC INEOS Phenol Gmbh, and Royal Dutch Shell Co. Other prominent players include LyondellBasell ... Yahoo Finance  

Natural Gas Price Prediction – Prices Fall, Reversing Monday’s Rally   May 21, 2019
Natural gas prices moved lower on Tuesday, reversing much of the gains it experienced on Monday. Gas prices were buoyed by colder than normal weather which is expected to cover most of the west ... Yahoo Finance  

South Texas drilling permit roundup: Oklahoma driller lines up new sites   May 21, 2019
Oklahoma City-based Devon Energy Corp. (NYSE: DVN) is seeking permission to drill six new wells in DeWitt County. The publicly traded energy company operates in several of the most prolific oil and natural gas plays in the U.S., including the Eagle Ford. The Business Journals  

Malaysia's Petronas shuts Sabah-Sarawak gas pipeline for maintenance   May 21, 2019
Malaysia’s state oil and gas company Petroliam Nasional Bhd said on Tuesday it has shut the Sabah-Sarawak gas pipeline that feeds gas to its liquefied natural gas (LNG) complex at Bintulu in the ... Reuters  

Colorado won't halt drilling as it refocuses rules on safety   May 21, 2019
The state's crude oil production has quadrupled since 2010, and it now ranks sixth in the nation in both oil and natural gas output, according to the U.S. Energy Information Agency. But the state's most productive oil and gas field — the Wattenberg field ... Finance Yahoo  

Permian Pipeline Protesters Face Decade Behind Bars   May 21, 2019
A lot is at stake. New midstream capital expenditures is expected to hit $791 billion over the next 17 years, according to The Interstate Natural Gas Association of American (INGAA), or about $44 ... OilPrice  

The Fear Driven Oil Price Rally Won’t Last   May 21, 2019
Over the past week, oil prices have trended higher as concerns about escalating U.S.-Iran and Iran-Saudi standoffs have overshadowed bearish-side concerns about the U.S.-China trade war and ... OilPrice  

Saudi cabinet affirms desire to avoid war, stabilise oil markets   May 21, 2019
RIYADH, May 22 (Reuters) - Saudi Arabia’s council of ministers reiterated the country’s commitment to balancing global oil markets and preventing regional conflict amid tensions between Iran ... Reuters  

Oil & Gas Stock Roundup: Equinor's GoM Boost, Schlumberger's Asset Sale & More   May 21, 2019
It was a week where oil prices hit their highest since May 1 and natural gas futures tallied a small gain. On the news front, Norway’s Equinor ASA EQNR agreed to shell out $965 million in cash ... Yahoo Finance  

Crude Oil Price Forecast – Crude oil markets continue to struggle at resistance   May 21, 2019
The WTI Crude Oil market tried to rally during the trading session on Tuesday, reaching towards the $63.66 level before selling off again. At this point, it’s very likely that the market will ... Yahoo Finance  

Pioneer Natural Resources cuts workforce by 25%   May 21, 2019
Pioneer Natural Resources (NYSE:PXD) lays off 230 workers at its headquarters and Permian Basin offices, saying the move will cut $100M in costs and create long-term value for shareholders. Seeking Alpha  

Natural Gas Price Forecast – Natural gas markets fall for the day on Tuesday   May 21, 2019
Natural gas markets have formed a very bearish candle during the trading session on Tuesday, as we reach towards the $2.60 level. That being the case, it’s likely that the $2.60 level will cause ... Yahoo Finance  

Icahn-Backed Oil Refiner CVR Energy Considers Options   May 21, 2019
(Bloomberg) -- CVR Energy Inc. is considering options including putting itself up for sale, seven years after billionaire investor Carl Icahn took control of the U.S. oil refiner. The Sugar Land, Texas-based company said in a statement Tuesday that it has ... Finance Yahoo  

Oxy moves forward on Permian "direct air capture" plant   May 21, 2019
Earlier this month, Oxy outbid Chevron by paying $38 billion to buy The Woodlands-based Anadarko Petroleum, including its prized acreage in the Permian. While direct air capture - so long as the plant is powered with more renewable energy - can ... Houston Chronicle  

Pioneer Natural sees crude exports rising from U.S. Gulf Coast -CFO   May 21, 2019
HOUSTON, May 21 (Reuters) - Pioneer Natural Resources Co is moving about 200,000 barrels per day (bpd) of crude from the Permian basin to the U.S. Gulf Coast, with about 80 percent of that loaded on ships for export, Chief Financial Officer Rich Dealy said ... Reuters  

U.S. Nuclear Is Struggling, And These Companies Are Profiting From It   May 21, 2019
Constructing new nuclear power plants is extremely cost prohibitive, especially when forced to compete with the incredibly cheap and abundant natural gas currently flooding U.S. markets ... OilPrice  

U.S. shale producer Pioneer Natural Resources cuts 25% of workforce   May 21, 2019
(Reuters) - Pioneer Natural Resources Co, one of the largest producers in the Permian Basin of West Texas and New Mexico, announced on Tuesday that it had cut about a quarter of its workforce to save costs and boost shareholder value. Irving, Texas-based ... Reuters  

Another Surprise Oil Inventory Build Presses Down WTI   May 21, 2019
The American Petroleum Institute (API) reported another surprise build in crude oil inventory of 2.4 million barrels for the week ending May 17, coming in over analyst expectations of a 2.53 ... OilPrice  

TSX fails to get same lift as U.S. markets from easing of restrictions on Huawei   May 21, 2019
The July crude contract was down eight cents at US$63.13 per barrel and the June natural gas contract was down six cents at US$2.61 per mmBTU. The June gold contract was down US$4.10 at US$1,273.20 an ounce and the July copper contract was down 1.1 cents ... CTV News  

Texas Pipeline Activists Face 10-Year Sentence Under Measure   May 21, 2019
Under a bill approved by both chambers of the state legislature, protesters found guilty of halting service or delaying construction of an oil or natural gas pipeline could be charged with a third-degree felony punishable by two to 10 years of incarceration. Finance Yahoo  

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