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Iran: Don’t Count On A New OPEC Deal   Dec 05, 2018
That is not impossible." Qatar, which produces around 600,000 bpd, announced its decision to leave OPEC earlier this week, citing a focus on natural gas and maintaining its number-one position as ... OilPrice  

Oil Bosses Battling War-Crime Allegations Fear Broader Fallout   Dec 05, 2018
Fortunes have been made by striking oil in risky places. That business model is about to be challenged by Swedish prosecutors, according to the top two officials at Sweden’s Lundin Petroleum AB who are preparing to battle war-crime charges in court. Bloomberg L.P.  

Canadian Natural cuts $1B from budget due to steep oil price differential   Dec 05, 2018
Oilsands producer Canadian Natural Resources is setting its 2019 capital budget at $1-billion less than its "normalized" range but says it will ramp up spending if heavily discounted oil prices in Western Canada rebound. The Calgary-based company says it ... CBC.ca  

Without gas for cremation, even dying is a struggle in Venezuela   Dec 05, 2018
But the cemetery could not offer a cremation because it had no natural gas, which is in ever shorter supply even though the OPEC nation holds some of the world’s largest energy reserves. Reuters  

Canada-to-U.S. oil pipelines restarted after weather-related disruptions   Dec 05, 2018
NEW YORK (Reuters) - Two major pipelines carrying oil from Canada to the United States resumed operations after brief disruptions due to power outages from severe weather in Saskatchewan, Canada, trade sources said on Wednesday. A number of lines on ... Finance Yahoo  

Marathon Oil heading to west Houston digs   Dec 05, 2018
After more than there decades in a Galleria-area skyscraper, Marathon Oil plans to relocate its office to a new building in west Houston when its current lease expires in late 2021. A spokeswoman for the Houston oil producer said the building will be ... Houston Chronicle  

Enbridge Mainline oil system restarted after outage: trade sources   Dec 05, 2018
NEW YORK (Reuters) - Enbridge Inc’s (ENB.TO) Mainline oil pipeline system resumed service overnight after a temporary outage and reduced flow rates due to severe weather in Saskatchewan, Canada ... Reuters  

Explainer: Why is Canada's Alberta forcing oil production cuts?   Dec 05, 2018
Companies like Cenovus Energy Inc and Canadian Natural Resources Ltd are vocal supporters of the move, with Cenovus saying the move will help it maintain capital spending to prepare it to move ... Reuters  

Alberta Production Cuts Send Canadian Crude Soaring   Dec 05, 2018
Yet not everyone in the local oil industry is thrilled with the production cut. Suncor was against it when the idea was first floated, proposed by the chief executive of peer Cenovus. The cut ... Crude Oil Prices  

China Set To Resume Buying U.S. Crude Oil After Trade War Truce   Dec 05, 2018
Unipec, the trading arm of China and Asia’s biggest refiner Sinopec, plans to resume imports of U.S. crude oil during the 90-day trade truce window, as the tentative halt to additional tariffs ... OilPrice  

Alberta's oil cuts could hit light oil producers, rail shipments   Dec 05, 2018
VANCOUVER (Reuters) - Alberta's decision to mandate output cuts to reduce a supply glut will have negative effects on North American producers of lighter oil used for blending and U.S. refiners importing crude via rail, even as several major Canadian ... Finance Yahoo  

Trump and Xi declared a trade war truce but it won't make the holidays cheaper—here's why   Dec 05, 2018
A study commissioned by the lobbying shop for Koch Industries and conducted by consulting firm ImpactECON found that, if the 25 percent rates went into effect on January 1, tariffs would have cost American households an estimated $2,400 each in 2019 Yahoo Singapore Finance  

Nordea Bank to boost shipping finance for booming LNG industry   Dec 05, 2018
LONDON, Dec 6 (Reuters) - Nordea Bank aims to increase shipping finance activities to the growing liquefied natural gas (LNG)industry, executives at one of the world’s biggest shipping ... Reuters  

Suncor workers will soon be randomly tested for alcohol and drugs, company says   Dec 05, 2018
Many workers and contractors at Suncor Energy will be subject to random alcohol and drug tests beginning in the first quarter of 2019, the company says. The move is expected to affect thousands of workers who specifically hold "safety-sensitive positions. CBC.ca  

Oil production cuts are part of a bigger plan, says Rachel Notley   Dec 05, 2018
Alberta Premier Rachel Notley tells Anna Maria Tremonti that oil production cuts are just a short-term stopgap to Alberta's oil price "crisis." She says her government will push for upgrades and more pipelines as a long-term solution. CBC.ca  

Canadian Natural sets 2019 capex budget C$1B lower than 2018   Dec 05, 2018
Canadian Natural Resources (NYSE:CNQ) says it is planning a FY 2019 capital budget of C$3.7B, ~C$1B (US$753M) lower than in 2018, citing a lack of market access for its oil and a "dysfunctional ... Seeking Alpha  

Oil producer Canadian Natural sets lower 2019 budget   Dec 05, 2018
(Reuters) - Canadian Natural Resources Ltd forecast on Wednesday 2019 base budget about C$1 billion (about $753 million) lower than last year, blaming a lack of market access for its oil and "dysfunctional" government processes. The company expects 2019 ... Finance Yahoo  

Michigan wants farms to give up free but risky natural gas   Dec 05, 2018
LANSING, Mich. (AP) — The state of Michigan is urging farmers to give up free natural gas. The Michigan Agency for Energy says 129 properties, mostly in the center of the state, are tapping into natural gas wells or pipelines for free. But the state says ... Associated Press  

Dicyclopentadiene Market to Reach US$902.3 Million by 2025; Rising Need for Energy Efficient Vehicle to drive Global Market - TMR   Dec 05, 2018
Some of the prominent players operating in the dicyclopentadiene (DCPD) market are Maruzen Petrochemical, Zibo Lujua Hongjin New Material Co. Ltd., Shell Chemicals ... crude oil, and gas oils. Yahoo Finance  

Trump could strike back at Alberta oil cuts, says former provincial trade envoy   Dec 05, 2018
The move also found support among her political rivals. However, Husky Energy and Imperial Oil — which both opposed mandatory cuts — have warned that government-ordered curtailment could have implications for trade and investment. "We believe the ... CBC.ca  

Oil Halts Advance as Al-Falih Says OPEC Deal Remains Unresolved   Dec 05, 2018
(Bloomberg) -- Oil retreated after the biggest two-day gain since June as investors grapple with doubts over whether OPEC and its allies will curb production. Futures slipped as much as 2.1 percent in New York, paring gains of 4.6 percent in the previous ... Finance Yahoo  

US Confident It Can Compete In Europe’s Gas Market   Dec 05, 2018
As American LNG costs continue to fall, and as Europe looks to untangle itself from Gazprom, U.S. liquefied natural gas (LNG) exports are quickly becoming a welcome alternative to Russian gas ... OilPrice  

Blood Pressure Cuffs Market 2018-2025 by Technology, Top Players, Segmentations and Future Growth Prospects   Dec 05, 2018
Transportation and Household Use), By Top Players Analysis (Anadarko Petroleum Corporation, Antero Resources Corporation, Chesapeake Energy, Chevron, Conoco Phillips, CONSOL Energy, EQT Corporation, ExxonMobil, Pioneer Natural Resources, Range Resources ... MarketWatch  

Saudi Oil Premium Slides to 15-Year Low as Fuel Profits Collapse   Dec 05, 2018
(Bloomberg) -- Saudi Arabia’s crude pricing in the world’s biggest oil market is reflecting tumbling profits from making cleaner fuels in Asia. State-run Saudi Aramco slashed the premium of its Extra Light grade to its Heavy crude to the lowest since ... Finance Yahoo  

Oil: Alberta Did The Right Thing   Dec 05, 2018
Canadian Natural Resources (CNQ), Baytex Energy (BTE) and Cenovus Energy (CVE) should benefit the most. Freehold Royalties (OTCPK:FRHLF) should also be a net beneficiary based on the price but its ... Seeking Alpha  

ONGC gets $32 million payment from Venezuela's PDVSA   Dec 05, 2018
NEW DELHI (Reuters) - India's Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments and said ... Yahoo Finance  

OPEC Oil Decision Could Undercut U.S. Natural Gas Price Surge   Dec 05, 2018
A decision by OPEC and its allies to cut oil output in order to bolster prices could, in an odd market twist, undermine a recent price surge for natural gas heading into winter. For most of 2018, gas prices sat in a narrow trading range significantly below ... Bloomberg L.P.  

CGX Energy and Frontera Announce Strategic Guyana Joint Venture Agreement   Dec 05, 2018
Corentyne Petroleum Agreement The Corentyne block contains 1,125,000 net acres offshore Guyana in shallow water, adjacent to the ExxonMobil Stabroek block which has encountered nine discoveries since May 2015. The Utakwaaka well is required to be drilled ... MarketWatch  

Harnessing Large Dividends From The Energy Sector In 2019   Dec 05, 2018
(Source: ExxonMobil 2018 Energy Outlook) XOM is projecting positive growth in Oil, Gas, Nuclear, Solar & Wind and Other Renewables such as Hydropower through 2040 with a minimal decline in Coal. Seeking Alpha  

Big Oil Battles Gender Problem That May Take Decades to Fix   Dec 05, 2018
Occidental Petroleum Corp.’s Vicki Hollub. In the latest "Forty Under 40" list from Oil and Gas Investor magazine, there are 37 men and just three women. A spokeswoman for the publication said it holds an annual event for women in the industry and ... Bloomberg L.P.  

Alief Taylor, Elsik reach silver bracket at Katy Classic basketball tournament   Dec 05, 2018
Jeremy Coleman (14) of Elsik makes a baseline drive during the first quarter of pool play between the Taylor Mustangs and the Elsik Rams in the ConocoPhillips Katy ISD Classic on Thursday, Nov. 28, at Taylor High School in Katy. Jeremy Coleman (14 ... Houston Chronicle  

Exxon Mobil hikes Guyana reserve estimates 25% after new discovery   Dec 05, 2018
high-risk opportunities in this frontier area," said Neil Chapman, ExxonMobil senior vice president. Houston Chronicle  

Iran: Oil To Fall To $40 If OPEC Fails To Reach Deal   Dec 05, 2018
A fractured OPEC is meeting later this week to discuss a deal to cut oil production—yet again—to rebalance the market and lift oil prices that have recently slipped to below most of the cartel ... OilPrice  

Argentina announces $2.3 billion joint shale oil project with Malaysia's Petronas   Dec 04, 2018
(Reuters) - Argentina’s state-controlled energy company YPF and Malaysia’s Petronas [PETR.UL] are forming a joint venture to invest $2.3 billion over the next four years in the country’s Vaca Muerta shale oil fields, the president’s office ... Reuters  

Two key Canada-to-U.S. oil pipelines hit by disruptions   Dec 04, 2018
NEW YORK (Reuters) - Two major pipelines bringing oil from Canada to the United States were hit by disruptions on Tuesday, with TransCanada Corp's Keystone line shutting down, while Enbridge Inc's ... Yahoo Finance  

Algonquin Power buys Enbridge Gas New Brunswick for $331M   Dec 04, 2018
Canada's largest natural-gas pipeline company is dumping its once-troubled New Brunswick retail gas system less than two decades after it entered the provincial market. Calgary-based Enbridge is selling its subsidiary, Enbridge Gas New Brunswick ... CBC.ca  

Kuwait says OPEC to discuss oil market conditions, stability: KUNA   Dec 04, 2018
CAIRO (Reuters) - OPEC ministers meeting on Thursday will discuss market conditions, demand and supply as well as how to stabilize oil markets, state Kuwait News Agency quoted Oil Minister Bakhit al-Rashidi as saying on late on Tuesday. OPEC will meet on ... Reuters  

CORRECTED-UPDATE 1-U.S. utility Xcel says aims to be carbon-free by 2050   Dec 04, 2018
The U.S. Energy Information Administration said on Tuesday that U.S. coal demand is projected to hit a 39-year low in 2018, continuing a downward trend fueled by cheap natural gas and increasingly competitive wind and solar energy. Trump has vowed to ... Reuters  

OPEC Oil Decision Could Undercut U.S. Natural Gas Price Surge   Dec 04, 2018
A decision by OPEC and its allies to cut oil output in order to bolster prices could, in an odd market twist, undermine a recent price surge for natural gas heading into winter. For most of 2018, gas prices sat in a narrow trading range significantly below ... Bloomberg L.P.  

Qatar’s OPEC Exit May Just Be The Beginning   Dec 04, 2018
Al-Kaabi also said that the move to leave OPEC was related to its liquefied natural gas (LNG) ambitions, which should be taken at face value. Related: Alberta Intervenes To Halt Canada’s Oil ... OilPrice  

Study Shows Natural Gas Is Key to Reaching Northwest Emission Reduction Goals   Dec 04, 2018
PORTLAND, Ore., Dec. 04, 2018 (GLOBE NEWSWIRE) -- A new study commissioned by NW Natural and conducted by independent consulting firm, Energy and Environmental Economics (E3), shows natural gas ... Yahoo Finance  

Oil Prices Sink On Surprise Inventory Build   Dec 04, 2018
The American Petroleum Institute (API) reported a crude oil inventory build of 5.36 million barrels for the week ending November 30, compared to analyst expectations of a draw in crude oil ... OilPrice  

Gary Mar on how Donald Trump could react to the mandatory oil production cuts in Alberta   Dec 04, 2018
Alberta's representative in the U.S. capital for four years from 2007, said it's uncertain how Trump will feel about the province's decision to wade into the free market in a bid to raise crude prices. CBC.ca  

Big Oil Battles Gender Problem That May Take Decades to Fix   Dec 04, 2018
Occidental Petroleum Corp.’s Vicki Hollub. In the latest "Forty Under 40" list from Oil and Gas Investor magazine, there are 37 men and just three women. A spokeswoman for the publication said ... Yahoo Finance  

Iran Threatens To Close Key Oil Choke Point   Dec 04, 2018
Here we go again: Iranian President Hassan Rouhani has once again threatened to close the Strait of Hormuz, which is vital to up to one-third of all global oil shipping as it's a key transit choke ... OilPrice  

OPEC+ Gears Up For Production Cuts   Dec 04, 2018
Market Movers • Cenovus Energy (NYSE: CEO) said that it would stick to its capex plan of C$1.5 billion in 2019 after Alberta issued mandatory production cuts. The company said it would have ... Yahoo Finance  

Iran Claims It Can Govern Country Without Relying On Oil Revenue   Dec 04, 2018
A month after the U.S. sanctions on Iran’s oil snapped back, the Islamic Republic continues to claim with defiant tone that the United States won’t be able to choke off all its oil exports and ... OilPrice  

Do Falling Oil Prices Help Or Hurt The U.S.?   Dec 04, 2018
“If you repeat a falsehood long enough, it will eventually be accepted as fact.” In the financial markets, and economics, it is a common occurrence for the media and commentators to latch onto ... OilPrice  

Weather, low storage, drive up the price of natural gas   Dec 04, 2018
CASPER, Wyo. (AP) — Prices for natural gas have shot up recently with the Opal trading hub in southwest Wyoming climbing to near $7 per million British thermal unit on Monday. Higher natural gas prices mean more tax money for the state of Wyoming’s ... Associated Press  

Chevron's Gulf Of Mexico Growth Runway   Dec 04, 2018
Summary of Chevron Corporation's near-term growth catalysts in the Gulf of Mexico. Big Foot finally reaches first-oil. Noteworthy non-operated upside. All about growing Chevron Corporation's crude ... Seeking Alpha  

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