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Minister: Gas drilling at 8 sites off Cyprus over 24 months   May 21, 2019
He said that drilling would start at the end of this year or early 2020. Energy companies including ExxonMobil, Total and Eni are licensed to conduct a hydrocarbons search off Cyprus. Gas has been discovered at three locations. Cyprus accuses Turkey of ... Houston Chronicle  

Russian Oil Flowing To US Refiners As Venezuela Supplies Dry Up   May 21, 2019
The United States is increasing its oil imports from Russia, according to a Bloomberg source, as US refineries clamor for more oil now that Venezuelan oil supplies have dried up. The amount of oil ... OilPrice  

Oil Markets In Limbo After OPEC+ Meeting   May 21, 2019
Oil was flat at the start of trading on Tuesday, still caught between U.S.-Iran tensions on the one hand, and the downside risk of the U.S.-China trade war. - Venezuela’s oil production plunged ... OilPrice  

Petronas Starts Production At Floating LNG Facility Off Malaysia   May 21, 2019
Malaysian state-controlled oil and gas company Petronas said on Tuesday that it had achieved first liquefied natural gas (LNG) production from its floating LNG facility Satu off the northeastern ... OilPrice  

U.S. Shale Oil Production Set To Grow 16% This Year   May 21, 2019
The Canadian operator Enerplus was the player that raised its oil guidance the most, expecting 10% higher volumes than originally guided. It said growth is already underway and the company is ... Yahoo Finance  

Initially Defiant Turkey Complies With U.S. Sanctions On Iranian Oil   May 21, 2019
Despite criticizing the U.S. decision not to extend any sanction waivers for Iranian oil customers, Turkey appears to be fully complying with the U.S. sanctions on Iran’s oil, Reuters reported ... OilPrice  

Cureton Midstream Announces Commercial Agreements With Six DJ Basin Oil and Gas Producers   May 21, 2019
DENVER, May 21, 2019 /PRNewswire/ -- Cureton Midstream, LLC ("Cureton" or the "Company"), a Denver-based, growth-oriented midstream company focused on providing commercial solutions, today ... Yahoo Finance  

How to Invest in Shipping Stocks   May 21, 2019
ULCCs are so large that only one U.S. port can handle a fully loaded vessel. These specialized vessels transport liquified natural gas (LNG), liquified petroleum gas (LPG), and petrochemicals such as ethylene from export terminals to market centers. Yahoo Singapore Finance  

Belarus lifts limits on exports of oil products - Belta agency   May 21, 2019
MINSK, May 21 (Reuters) - Belarus is lifting limits on the export of its oil products after the contamination of Russian oil via the Druzhba pipeline, Belarus’ Belta news agency cited Andrei ... Reuters  

Belarus state energy firm says two months needed to resume oil transit via Druzhba -TASS   May 21, 2019
MOSCOW, May 21 (Reuters) - Belarus state energy company Belneftekhim said it would take two months to resume fully oil transit through the Druzhba pipeline after contamination by Russian oil, TASS ... Reuters  

Pembina Pipeline Corporation Announces Conversion Results for Series 5 Preferred Shares   May 21, 2019
Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. The Company also owns gas gathering and ... Yahoo Finance  

Column: Saudi Arabia waits for higher spot prices before raising oil exports   May 21, 2019
LONDON (Reuters) - Saudi Arabia is in no rush to increase oil production and exports, fearing that additional supply would risk a renewed build up of stockpiles and push prices lower. “Our ... Reuters  

Global Oil Shipping Concerns Rise Over Middle East Tensions   May 21, 2019
While global oil markets are accustomed to factoring geopolitical uncertainty into oil prices, this kind of geopolitical fallout hasn’t been seen for a number of years. The world’s largest oil ... OilPrice  

Factbox: Russian oil flows to Europe drop amid contamination   May 21, 2019
(Reuters) - Russia halted oil flows along the Druzhba pipeline to Eastern Europe and Germany in April because of contaminated crude, contributing to a rise in global oil prices and leaving ... Yahoo Finance  

Mid-Caps In Oil & Gas Hard Pressed For New Money   May 21, 2019
Mid-cap oil and gas companies are having trouble securing fresh investments because fund managers are reorienting their priorities towards alternative energies, says the chief financial officer of ... OilPrice  

U.S. push to capture carbon fuses green and fossil-fuel interests   May 21, 2019
Similarly, sponsors of this week’s meeting included environmental groups such as the National Audubon Society, but also fossil fuel companies like Occidental Petroleum. “Carbon capture has recently caught the eye of a curious coalition of interests ... Reuters  

GILLIG Battery Electric Bus Unveiled   May 21, 2019
GILLIG offers a portfolio of clean energy propulsions ranging from battery electric and diesel to natural gas and hybrid electric, all designed on the proven GILLIG Low Floor platform to maximize fleet commonality. Since 1890, our dedicated employees have ... Associated Press  

The Threat In Iraq Is Being Overblown   May 21, 2019
ExxonMobil evacuated some staff from southern Iraq over fears of rising tensions between the U.S. and Iran, although there is still little evidence to suggest any oil operations will be impacted. Yahoo Finance  

Foam Blowing Agents Market 2018 | Rise With a Significant and Improved Revenue Growth in Speciality Chemicals sector by 2023   May 21, 2019
ExxonMobil, Honeywell International, The Chemours Company, Aeropres, Ajanta Group, Akzo Nobel, AMERICHEM, Diversified CPC International, Foam Supplies, HAITAI CHEMICAL, Haltermann Carless, Harp International, KSJN Chemicals, LANXESS, LehmannandVoss ... MarketWatch  

USD/CAD Daily Forecast – Oil Price Upshot Amid Global Cues Undermining the Loonie   May 21, 2019
The Loonie remained consolidated near 1.3428 levels and showed a lack of volatility in the initial trading session. Laterwards, the pair slipped down as crude prices started skyrocketing. Yahoo Finance  

Russian c.bank sees no financial stability risks from contaminated oil - official   May 21, 2019
MOSCOW, May 21 (Reuters) - The first deputy governor of Russia’s central bank said on Tuesday that the contamination of Russian oil via the Druzhba pipeline could pose economic risks to the country but was not expected to jeopardise financial stability. Reuters  

UPDATE 5-Oil edges up on escalating U.S.-Iran tensions, supply outages   May 21, 2019
SINGAPORE/LONDON, May 21 (Reuters) - Oil prices rose on Tuesday on escalating U.S.-Iran tensions and amid expectations that OPEC producers will continue to curb supply this year. Gains were capped ... Reuters  

Oil flat as U.S.-Iran tensions support prices, trade war weighs   May 21, 2019
NEW YORK (Reuters) - Oil futures held steady on Tuesday, supported by U.S.-Iran tensions and expectations of ongoing OPEC supply cuts but under pressure from concerns about a drawn-out trade war between Washington and Beijing. Brent crude futures, the ... Reuters  

QEP Resources (QEP) in Focus: Stock Moves 5.3% Higher   May 21, 2019
QEP Resources, Inc. price | QEP Resources, Inc. Quote Another stock worth considering in the Oil and Gas - Exploration and Production - United States industry is Apache Corporation APA which ... Yahoo Finance  

Anadarko "(in)digestion" prompts Occidental downgrade at Wells Fargo   May 21, 2019
Occidental Petroleum (OXY) is downgraded to Market Perform from Outperform with a $56 price target, cut from $75, at Wells Fargo as "Anadarko (in)digestion begins." Wells believes the merger ... Seeking Alpha  

Middle East tensions pose 'challenge' to oil market stability - Iraqi minister   May 21, 2019
BAGHDAD (Reuters) - Growing tensions in the Middle East pose a challenge to the stability of global crude oil markets, Iraq’s oil minister said on Tuesday. He said that OPEC’s ministerial ... Reuters  

BP faces climate protests at investor meeting, Shell gets boost   May 21, 2019
Both oil giants have been working ... Around 20 environmental activists also gathered outside Shell's AGM in The Hague. BP Chairman Helge Lund said the company would transition towards cleaner ... Yahoo Finance  

Natural Gas Price Fundamental Daily Forecast – Prices Retreat as Output Concerns Fade   May 21, 2019
Natural gas futures are trading lower early Tuesday after surging to a five-week high yesterday. The rally was fueled by a combination of events including forecasts for increased cooling demand ... Yahoo Finance  

Why TC Energy (TSX:TRP) Is Still a Strong Buy Today for Your Retirement Accounts   May 21, 2019
First-quarter 2019 EPS came in at $1.07 per share — better than expectations, which were calling for $1 per share in earnings — and 9.2% higher than the same quarter last year, driven by the completion of new projects in the U.S. natural gas pipeline ... Finance Yahoo  

China Raises Oil Export Quotas Ahead Of Driving Season   May 21, 2019
China has allocated a new batch of oil product export quotas that has brought the total since the start of the year to 50 million tons, S&P Global Platts reports citing documents. At 4.71 million ... OilPrice  

ExxonMobil GoM Asset Sale Reportedly Attracts Repsol & Ineos   May 21, 2019
Exxon Mobil Corporation’s XOM Gulf of Mexico (GoM) oilfield divestment package has attracted Spanish energy company, Repsol SA REPYY and United Kingdom-based Ineos Group Holdings’ attention ... Yahoo Finance  

Oil Stabilizes Ahead Of Weekly Inventory Data   May 21, 2019
Oil prices seesawed early on Tuesday, supported by indications that OPEC may opt for prolonging the production cut deal beyond June, while tensions between the U.S. and Iran continued to feed ... OilPrice  

Better oil additives could prolong life of your vehicle's engine: study   May 21, 2019
Buying high end oil for your vehicle might cost more in the short term, but it will significantly extend the life of your engine. That's the finding University of Texas engineer Pranesh Aswath and his colleagues found while doing research at the Canadian ... CBC.ca  

Exclusive: Russian pipeline restart hit by dirty oil evacuation problems   May 21, 2019
Besides Leuna, Druzhba’s northern spur supplies Germany’s refinery Schwedt, which is co-owned by Rosneft, ENI and Shell. It also ships oil to PKN Orlen and Grupa Lotos refineries in Poland. Reuters  

4 Reasons That This Oil Stock Could Keep Delivering Market-Smashing Returns   May 21, 2019
Shares of Devon Energy (NYSE: DVN) have been on fire this year. They're up nearly 35% so far in 2019, blowing past the 13.5% gain in the S&P 500. And this short-term outperformance appears to be ... Yahoo Finance  

RBC Green Bonds May Be Used to Finance Oil Companies   May 21, 2019
(Bloomberg) -- Royal Bank of Canada may make loans to oil and gas companies seeking to reduce their environmental impact under its recently created green bond program. The country’s largest bank isn’t excluding fuel companies, said Lindsay Patrick, RBC ... Finance Yahoo  

Here's Why You Should Invest in Pioneer Natural (PXD) Stock   May 21, 2019
Other Prospective Stocks Other prospective players in the energy space are Enterprise Products Partners LP EPD, Ecopetrol S.A. EC and Anadarko Petroleum Corporation APC. While Enterprise Products ... Yahoo Finance  

PetroChoice Announces Acquisition of Superior Petroleum   May 21, 2019
With the acquisition of Superior, PetroChoice will add support to their current Chicago distribution efforts with ExxonMobil, and expand their operations into Northern Indiana. Learn More About ... Yahoo Finance  

Activists demand end of Shell, fossil fuel at shareholder meeting   May 21, 2019
Shell CEO Ben van Beurden told the meeting that the company wanted to do the right thing ... more than 95% continues to go to the extraction of oil and gas,” while shareholders “opted for ... Reuters  

Climate protesters disrupt BP shareholder meeting   May 21, 2019
ABERDEEN, Scotland (Reuters) - Protesters against climate change disrupted oil and gas group BP’s annual ... BP Chairman Helge Lund said at the meeting the company would move toward a transition ... Reuters  

Despite rhetoric, Turkey complies with U.S. oil sanctions on Iran   May 21, 2019
ISTANBUL (Reuters) - Turkey has closed its ports to Iranian oil, fully complying with U.S. sanctions against its main supplier, despite Ankara publicly criticising the United States’ move to end ... Reuters  

Canarc Receives Government Land Use Permit for Multi-Phase Exploration on the Hard Cash Gold Property in Nunavut, Canada   May 21, 2019
In November 2018 Canarc entered into an option agreement with Silver Range Resources to acquire a 100% interest in Hard Cash (see news release dated November 29, 2018) and is finalizing details ... Yahoo Finance  

Small nuclear reactors could make Alberta's oilsands cleaner, industry experts suggest   May 21, 2019
Meisen said small nuclear plants could replace natural gas to power two processes — heating water for open pit mining, and creating steam for steam-assisted gravity drainage — as well as provide electricity to oilsands facilities. Oilsands ... CBC.ca  

Thunder Bay bird observation group frustrated by garbage dumped at their site   May 21, 2019
(McKellar Island Bird Observatory/Supplied) But the group is regularly finding more than just birds at the site, which has been leased from Husky Energy: dumped garbage has become a serious, and daily, problem. "We're not happy about it," Woodcock said ... CBC.ca  

Russian oil suppliers should respond financially to contamination: Polish PM   May 21, 2019
WARSAW (Reuters) - Russian oil suppliers made big mistakes in the wake of the supply of contaminated oil and they will have to respond financially, Poland’s Prime Minister Mateusz Morawiecki said on Tuesday at a press conference. Flows through the ... Reuters  

Belarus PM to discuss oil contamination with Russia's Medvedev - Belta   May 21, 2019
MINSK, May 21 (Reuters) - Belarusian Prime Minister Sergei Rumas said on Tuesday he planned to discuss the contamination of Russian oil via the Druzhba pipeline with Russian Prime Minister Dmitry ... Reuters  

Belarus needs a month to assess damages from contaminated oil - Belta   May 21, 2019
MINSK, May 21 (Reuters) - Belarus needs a month to evaluate damages from the contamination of Russian oil via the Druzhba pipeline, the Belta news agency cited Prime Minister Sergei Rumas as ... Reuters  

UPDATE 1-Egypt to raise power prices by 14.9% for FY 2019-2020 -minister   May 21, 2019
Electricity generation is expected to shift fully to unsubsidised natural gas from fuel oil in the 2019-2020 financial year, according to the IMF’s latest staff report on Egypt. The report ... Reuters  

TechnipFMC to Address Attendees at the UBS Global Oil and Gas Conference   May 21, 2019
TechnipFMC (FTI) (FTI) announced today that Maryann Mannen, Executive Vice President and Chief Financial Officer, will address attendees on Wednesday, May 22, at 10:15 a.m. CDT at the following ... Yahoo Finance  

Poland urges Russia to take urgent action on oil flows: ministry   May 21, 2019
WARSAW (Reuters) - Polish Energy Minister Krzysztof Tchorzewski has requested urgent action from Russia to resume supplies of clean oil as quickly as possible, the ministry said on Tuesday. Flows through the Druzhba pipeline were suspended last month due ... Reuters  

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