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Shell appoints Sawan upstream boss, replacing Brown   Jan 17, 2019
LONDON (Reuters) - Royal Dutch Shell has appointed Wael Sawan to head its oil and gas production division, replacing Andy Brown who will step down after 35 years at the Anglo-Dutch company. Reuters  

Before start of new oil pact, OPEC makes progress in averting glut   Jan 17, 2019
LONDON (Reuters) - OPEC on Thursday said it cut oil output sharply in December before a new supply-limiting accord took effect, suggesting producers have made a strong start to averting a new glut. In a monthly report, the Organization of the Petroleum ... Reuters  

Husky ends bid for MEG Energy after failing to win shareholder support   Jan 17, 2019
(Reuters) - Husky Energy Inc said on Thursday it will not extend its hostile bid for MEG Energy after failing to get sufficient support from the rival oil producer's board and shareholders. Husky's C$3.3 billion ($2.5 billion) offer in September to buy MEG ... Finance Yahoo  

WEX Signs Agreement to Acquire Discovery Benefits   Jan 17, 2019
the Company's failure to successfully operate and expand ExxonMobil's European and Asian commercial fuel card programs; the failure of corporate investments to result in anticipated strategic ... Yahoo Finance  

Kinder Morgan (KMI) Q4 Earnings Meet Mark, Revenues Lag   Jan 17, 2019
Segment Analysis Natural Gas Pipelines: Operating income in the segment was $1,110 million, up 8.1% from $1,027 million in the year-ago quarter. Higher contribution from the Texas Interstate ... Yahoo Finance  

Husky Offer For MEG Expires Without Extension   Jan 17, 2019
Husky Energy (HSE) today announced that its offer for MEG Energy expired on January 16 and that the minimum tender condition was not met. Due to insufficient MEG Board and shareholder support, Husky has decided not to extend its offer. Since the offer ... MarketWatch  

Pertamina to sign Rokan oil block contract this month - director   Jan 17, 2019
JAKARTA, Jan 17 (Reuters) - Indonesia’s state-owned energy company, Pertamina, expects to sign a production sharing contract for the Rokan oil block this month, after paying a $784 million signature bonus for its bid in December, a company director said. Reuters  

Oil firm Aker BP plans output, dividend hike   Jan 17, 2019
OSLO (Reuters) - Norway’s Aker BP will boost its dividend payments between now and 2023 and step up its investment spending in developing offshore oil and gas fields next year, the independent oil company said on Thursday. The result of a 2016 merger ... Reuters  

Investing Prophet Jeremy Grantham Takes Aim at Climate Change   Jan 17, 2019
Nonetheless, he says, he “talked his way” into a position at the oil company Royal Dutch Shell, then won admission to Harvard Business School. “Anything that happens to a corporation over 25 years out doesn’t exist for them. Therefore ... Bloomberg L.P.  

Oil Slips as Record U.S. Production Undermines OPEC+ Supply Cut   Jan 17, 2019
(Bloomberg) -- Oil retreated below $52 a barrel as data showing record U.S. crude production suggested markets may remain oversupplied despite output cuts by OPEC and its allies. Futures lost 1.1 ... Yahoo Finance  

Visiongain Report Analyses the Top 20 Companies in the $44 bn Enhanced Oil Recovery (EOR) Market   Jan 17, 2019
Canadian Natural Resources 3) It also provides a PEST analysis of the key factors affecting the overall EOR market: - Political - Economic - Social - Technical Competitive advantage This independent, 192-page report guarantees you will remain better ... MarketWatch  

E. Timor clears rules for Sunrise gas project takeover after parliament backing   Jan 17, 2019
DILI, Jan 17 (Reuters) - East Timor’s president has approved a decree allowing use of the country’s petroleum fund for a $650 million buyout of Royal Dutch Shell and ConocoPhillips’ holdings in the Greater Sunrise gas project, a proposal he had ... Reuters  

EIA Sees The U.S. Becoming Net Oil Exporter In Q4 2020   Jan 17, 2019
Continuously rising U.S. shale production will make the United States a net exporter of crude oil and petroleum products in the fourth quarter of 2020, the EIA said in its January Short-Term ... OilPrice  

Oilpatch CEOs support Indigenous bid for Trans Mountain   Jan 17, 2019
Barrie Robb, the consultant who helped broker a deal for two First Nations in the oilsands region to purchase a stake in Suncor's East Tank Farm project, said ownership of Trans Mountain could make sense for Indigenous leaders. Robb said First Nations ...  

Natural Gas Price Fundamental Daily Forecast – Sideways-to-Lower Drift Unless Cold Returns After January 4   Jan 17, 2019
Natural gas prices are trading lower on Monday as traders continue to react to the uncertainty over the 7 to 10 day forecasts. The current weeklong consolidation chart pattern suggests investor ... Yahoo Finance  

Oil Slips as America's Record Output Weighed Against OPEC+ Curbs   Jan 17, 2019
(Bloomberg) -- Oil retreated near $52 a barrel as investors assessed surging U.S. production against output curbs pledged by some of the world’s top suppliers. Futures lost as much as 1 percent ... Yahoo Finance  

Canadian Indigenous Groups Weigh Pipeline Deal to Ease Oil Glut   Jan 17, 2019
through the bond market to buy a stake in an oil storage facility from Suncor Energy Inc. in late 2017, Buffalo said. Indigenous investment in Trans Mountain might help make the project more palatable for the general public, Brian Schmidt, chief executive ... Bloomberg L.P.  

Survey: Canadians Cry Oil Crisis As Pipeline Problem Grows Worse   Jan 17, 2019
Sixty percent of Canadians now feel that the country’s oil pipeline capacity has reached crisis levels, according to a new survey from the Angus Reed Institute. Pipeline takeaway capacity has ... OilPrice  

CORRECTED-CNPC's global oil trading unit posts 13 pct profit growth in 2018   Jan 17, 2019
(Corrects final bullet to show Qatar was the world's biggest LNG exporter, not the top gas exporter.) SINGAPORE, Jan 17 (Reuters) - * Top Chinese energy group CNPC said on Thursday its global oil ... Reuters  

Reuters Daily Oil Brief - January 17   Jan 17, 2019
To access the newsletter, click on the link: here You can also read Reuters Daily Oil Brief via TOPNEWS Commodities & Energy page or if you would like to receive this newsletter through your email ... Reuters  

Oil's Dealmaking 'Sun King' Returns   Jan 17, 2019
(Bloomberg) -- John Browne’s return to the top of an oil company started with a phone call from a Russian oligarch who had $10 billion burning a hole in his pocket. “Mikhail Fridman said ... Yahoo Finance  

Record U.S. crude production weighs on oil prices   Jan 17, 2019
SYDNEY (Reuters) - Oil prices dipped on Thursday as U.S. crude production quickly approached an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. Yahoo Finance  

CNPC's global oil trading unit posts 13 pct profit growth in 2018   Jan 17, 2019
SINGAPORE, Jan 17 (Reuters) - * Top Chinese energy group CNPC said on Thursday its global oil and gas trading unit recorded 12.7 percent growth in pre-tax profit last year from 2017, and its annual turnover hit 480 million tonnes * In 2018, CNPC's trading ... Reuters  

From Greenspan to Yellen, Economic Brain Trust Backs Carbon Tax   Jan 17, 2019
Shultz -- that has already drawn financial support from Exxon Mobil Corp., ConocoPhillips and Exelon Corp. Pressure is already mounting in Congress to take aim at climate change, following dire ... Yahoo Finance  

Oil prices edge down as U.S. fuel stockpiles grow more than expected   Jan 17, 2019
SYDNEY (Reuters) - U.S. oil prices inched down on Thursday, with traders worried about the strength of demand in the United States after gasoline stockpiles there grew last week by far more than ... Reuters  

Remains of missing Alberta man found nearly a decade after his disappearance in Arizona   Jan 17, 2019
McCaffrey's husband Bill is the former CEO and founder of oil giant MEG Energy. The mountain, located north of the city just beyond city limits and the community where Turner and his wife Joyce lived in the winter, is located on the Salt River Pima ...  

How The Transport Industry Is Shaping Oil Demand   Jan 17, 2019
It has been a bad start to the year for UK car manufacturing. Iconic UK-based automaker Jaguar Land Rover (JLR) announced job cuts of up to 5,000 from its UK workforce of 40,000, while Ford Europe ... OilPrice  

Oil Stabilizes As OPEC Implements Cuts   Jan 17, 2019
The oil rally of the past two weeks continues, even though in a more tempered manner, on the back of U.S. commercial crude supplies shrinking, Russia starting to implement its OPEC/OPEC+ ... OilPrice  

Oil May Never Return To The Triple-Digits   Jan 17, 2019
Despite the wild ride of oil prices in 2018—in which gains earlier in the year were wiped out in massive sell-offs in the fourth quarter—energy and banking professionals expect Brent Crude oil ... OilPrice  

U.S. Oil Outlook Slammed By Lower Prices   Jan 17, 2019
Nick Cunningham is a freelance writer on oil and gas, renewable energy, climate change, energy policy and geopolitics. He is based in Pittsburgh, PA. The recent slide in oil prices may finally ... OilPrice  

Norway’s Northernmost Discovery Could Begin Pumping Oil In 2026   Jan 17, 2019
OMV, the operator of the northernmost oil discovery offshore Norway—Wisting in the Barents Sea—could begin production in 2026, the Senior Vice President of OMV’s Norwegian unit, Knut Mauseth ... OilPrice  

Two children still in ICU as LaSalle school reopens   Jan 16, 2019
According to Quebec's building code it is recommended, although not obligatory, for buildings that rely on oil, natural gas, or wood heating to have carbon monoxide detectors. Ecole des ... CTV Montreal News  

Enbridge (ENB) Flat As Market Gains: What You Should Know   Jan 16, 2019
Heading into today, shares of the oil and natural gas transportation and power transmission company had gained 15.85% over the past month, outpacing the Oils-Energy sector's gain of 2.53% and the ... Yahoo Finance  

Natural Gas Price Prediction – Prices Whipsaw but Trend is Higher   Jan 16, 2019
Natural gas prices moved higher on Wednesday ahead of Thursday inventory report from the Energy Information Administration. Expectations are that natural gas inventories will decline by 92 BCF ... Yahoo Finance  

Natural Gas Price Forecast – natural gas markets turn around on Wednesday   Jan 16, 2019
Natural gas markets gap lower to kick off the trading session on Wednesday, reaching down towards the 20 day EMA, pictured in green on the chart. However, we turned around and rallied rather ... Yahoo Finance  

Over 300,000 litres of oil may have leaked from Manolis L wreck, but it's impossible to know   Jan 16, 2019
From the moment the Manolis L ship ran aground on Jan. 17, 1985, to the moment the Canadian Coast Guard emptied out the last fuel tank still remaining on board last September, the sunken paper carrier may have leaked over 300,000 litres of fuel oil into ...  

Kinder Morgan (KMI) Meets Q4 Earnings Estimates   Jan 16, 2019
These figures are adjusted for non-recurring items. A quarter ago, it was expected that this oil and natural gas pipeline and storage company would post earnings of $0.20 per share when it ... Yahoo Finance  

Australia's Woodside Petroleum sees higher than expected 2019 investment costs   Jan 16, 2019
Australia’s largest independent gas and oil producer said its investment expenditure for 2019 ... with the start-up of Inpex’s Ichthys and Royal Dutch Shell’s Prelude projects, the last two in a $200 billion LNG investment boom over the past decade. Reuters  

Eagle Ford's 2018 boom may not extend to 2019   Jan 16, 2019
However, "it's going to vary company by company," he said, noting that behemoths like EOG Resources Inc. (NYSE: EOG) have the capacity to make a profit at a much lower price. "EOG has some of the choicest leases in the Eagle Ford," Tunstall said. The Business Journals  

In Papua New Guinea, Exxon's giant LNG project fuels frustration   Jan 16, 2019
Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp to liquefy billions of dollars' worth of natural gas before it is shipped to Asian buyers. Dikana Iveiri can also see swaths ... Yahoo Finance  

INSIGHT-In Papua New Guinea, Exxon's giant LNG project fuels frustration   Jan 16, 2019
PORT MORESBY, Jan 17 (Reuters) - From her red-roofed home near Papua New Guinea’s capital of Port Moresby, Isabelle Dikana Iveiri overlooks a giant plant used by Exxon Mobil Corp to liquefy billions of dollars’ worth of natural gas before it is shipped ... Reuters  

Iran Looks To Sign Zero-Tariff Agreement With Iraq   Jan 16, 2019
Major Iraqi power plants are dependent on Iranian natural gas supply, while Iraq also imports electricity from Iran, as Baghdad’s power generation is not enough to ensure domestic supply. OilPrice  

Trump Takes Aim At Maduro, Threatens Oil Embargo   Jan 16, 2019
A week after Venezuelan President Nicolas Maduro was sworn in for a second term in office, the option of a complete oil embargo against Venezuela has been put back on the table, according to two ... OilPrice  

Rallies call for release of detained immigration activist   Jan 16, 2019
His mother said the experience has exacerbated the post-traumatic stress, depression and anxiety he’s struggled with since a 2015 natural gas explosion left him badly burned. Officials at the Irwin County Detention Facility in Ocilla, Georgia ... Associated Press  

Alberta crude oil curtailments remain unchanged despite price recovery   Jan 16, 2019
Alberta Energy Minister Marg McCuaig-Boyd says the province is leaving its oil curtailment levels at 325,000 barrels per day for now despite discounts for western Canadian crude that have narrowed to three-and-a-half-year lows. According to Net Energy ...  

B.C. First Nations leaders lend their support to Wet'suwet'en hereditary chiefs at Smithers rally   Jan 16, 2019
Coastal GasLink, owned by TransCanada Corp., says it needs access to the road and bridge in order to meet construction deadlines on a natural gas pipeline from the northeastern part of the province to the coast. Coastal GasLink said it turned to the courts ...  

Antero Resources: Appalachian Profits   Jan 16, 2019
Based on its most recent earnings report, Antero Resources has a debt-to-EBITDAX ratio of 2.5. This is quite a bit lower than the 3.1 that Range Resources (RRC) possesses and it is a very ... Seeking Alpha  

Why Saudi Arabia Can Never Be The King Of Solar   Jan 16, 2019
including going long on more gas investment and development both at home and abroad (including increasing investment in the U.S.-liquefied natural gas (LNG) sector, as well as expanding its ... OilPrice  

Plasticizers Market to Surpass US$ 16 Billion by 2023   Jan 16, 2019
Key players profiled in the report Arkema S.A., BASF SE, Daelim Industrial Co. Ltd., Dow Chemical Company, LG Chem Ltd., Evonik Industries AG, ExxonMobil Chemical, Eastman Chemical Company, Ineos Group, and UPC Group. Company profile includes assign such ... MarketWatch  

Idaho governor receives oil and gas chairman’s resignation   Jan 16, 2019
BOISE, Idaho (AP) — Idaho Gov. Brad Little has received Idaho Oil and Gas Conservation Commission Chairman Kevin Dickey’s resignation after a potential conflict of interest. Little said in a statement Tuesday to the Idaho Statesman that he “asked for ... Associated Press  

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