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Occidental downgraded at Scotia on liquidity concerns   Jun 02, 2020
(OXY +5.1%) is sharply higher even as Scotiabank downgrades shares while Pioneer Natural Resources (PXD -0.1%) is flat despite winning an upgrade from the same firm.Occidental is Seeking Alpha  

Why the South China Sea Fuels U.S.-China Tensions   Jun 02, 2020
For decades, the U.S. has guaranteed freedom of navigation in Asia’s waters, patrolling the seas with a view to maintaining the principle that no sovereign state shall suffer interference from another. Bloomberg  

Exclusive: China approves $20 billion mega petchem complex in Shandong oil hub - sources   Jun 02, 2020
China is reviving a $20 billion petrochemical project in eastern Shandong province as part of efforts to dial up infrastructure spending to support an economy struggling with the impact of the coronavirus pandemic, Reuters  

China approves $20 billion mega petchem complex in Shandong oil hub - sources   Jun 02, 2020
China's state planner has given initial approval for a $20 billion refinery and petrochemical project to be built in Shandong province, the country's hub for independent oil refineries, said two persons with knowledge of the matter. YAHOO!  

EDF-Led Group Funds $2.23 Billion French Offshore Wind Project   Jun 02, 2020
Electricite de France SA and its Canadian and German partners have finalized the funding of a 2 billion euro ($2.23 billion) offshore wind project, allowing construction to start in the English Channel. Bloomberg  

Oil Edges Higher With OPEC+ Decision on Output Cuts in Focus   Jun 02, 2020
Oil edged higher toward $36 a barrel as the market waited to see if OPEC and its allies will extend record production curbs.Futures in New York rose around 1% after closing little changed Monday. Saud YAHOO!  

Closing prices for crude oil, gold and other commodities   Jun 02, 2020
Benchmark U.S. crude oil for July delivery fell 5 cents to settle at $35.44 a barrel Monday. Brent crude oil for August delivery rose 48 cents to $38.32 a barrel. Argus-Press  

Suncor CEO sees electric vehicles disrupting oil demand as much as virus   Jun 02, 2020
The shift to electric vehicles and other low-carbon technologies could disrupt crude oil demand as much as the COVID-19 pandemic, Suncor Energy (SU +2.2%) CEO Mark Little says."The temporary econo Seeking Alpha  

The Big Tech Company Backing Canada's Oil Sands   Jun 02, 2020
Though Big Tech has played a key role in reducing global emissions, it still maintains a complicated relationship with the oil and gas industry OilPrice  

How African indigenous oil companies stay relevant on a global scale   Jun 02, 2020
CNN's Eleni Giokos sits down with Freddie Jordan Oil Company Limited's Senior Vice President, Kwame Jantuah, to talk about what's needed on the continent to foster growth in the oil industry. CNN  

WTI crude oil toward $20, natural gas below $2 as economy slows   Jun 02, 2020
Crude oil and natural gas are enduring bear markets that have bounced along with equities and are at elevated risk of resuming declines, in our view. Bloomberg  

Three Reasons Oil Prices Are Bouncing Back   Jun 02, 2020
The price of oil has rebounded strongly from its April 20th record-lows, with some analysts predicting the worst may be over OilPrice  

Qatar Petroleum signs $19 billion shipbuilding agreements with Korean companies   Jun 02, 2020
The agreements signed with Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries will occupy much of the three companies' liquefied natural gas (LNG) ship construction capacity through 2027. Under the deal, described by QP chief executive as the largest LNG shipbuilding program in history, the three ... YAHOO!  

Russia close to hitting OPEC+ oil output target in May - sources   Jun 02, 2020
Russia's oil and gas condensate production fell to 9.39 million barrels per day (bpd) in May, close to its target under a global deal to reduce output, sources familiar with the data told Reuters. Under the agreement between Russia and the Organization of the Petroleum Exporting Countries, YAHOO!  

OPEC, Russia discuss extending oil cuts for one to two months - sources   Jun 02, 2020
DUBAI/MOSCOW (Reuters) - OPEC and Russia are moving closer to a compromise on extending current oil output cuts and are discussing a proposal to roll over supply curbs for one to two months, three OPEC+ sources told Reuters on Monday. OPEC+ decided in April to cut output by a record 9.7 million barrels per day, or about 10% of global output ... YAHOO!  

Alberta woman can't fathom why husband, uncle slain on hunting trip   Jun 02, 2020
Jacob Sansom, 39, and Maurice Cardinal, 57, were found shot to death on a rural road in northern Alberta two months ago. The younger man's widow still can't fathom why. CBC.ca  

In Big Oil's Back Yard, a Solar Plant Starts Powering Industry   Jun 02, 2020
Petroleum Development Oman, in which Royal Dutch Shell Plc and Total SA hold minority stakes, has begun receiving power from the Gulf Arab country’s largest photovoltaic solar plant.The 100-megawatt Amin facility, YAHOO!  

A Nightmare Scenario For Offshore Oil   Jun 02, 2020
The offshore oil industry is facing a growing number of impossible challenges, leaving the future of the sector increasingly uncertain OilPrice  

Oil supply ship to resume search for missing fishing boat off St. Lawrence   Jun 02, 2020
The Paul A. Sacuta is a supply vessel for the offshore oil industry, operating with Atlantic Towing to support the Hibernia platform. CBC.ca  

Only One Oil Major Is Betting Big On Renewable Energy   Jun 02, 2020
Oil majors are slowly warming up to investing in renewable energy projects, but not every oil company is putting its money where its mouth is OilPrice  

Closing Factories the French Way: A Long, Painful Demise   Jun 02, 2020
Renault Moves to Defuse Union Outcry Over French Factories Renault to Cut 14,600 Jobs Worldwide in Race to Slash Costs Macron Pledges Additional Stimulus to Help French Carmakers Closing a factory in the best of times in France can test the mettle of an executive. Bloomberg  

EDF Renewables, Enbridge and wpd start construction of the Fécamp Offshore Wind Farm   Jun 02, 2020
EDF Renewables, a subsidiary of the EDF Group, Enbridge Inc. (TSX:ENB - News) (NYSE:ENB - News), a leading energy infrastructure company in North America, and wpd, a European renewable energy company, YAHOO!  

Korean Shipyards Draw $20 Billion of Work From Qatar   Jun 02, 2020
Qatar has signed a deal worth around $20 billion with South Korean shipbuilders to help cement its position as the world’s largest producer of liquefied natural gas.The Gulf emirate entered into agreements with Daewoo Shipbuilding & Marine Engineering Co. YAHOO!  

Dividend Increases Expected In June 2020 (Hopefully)   Jun 02, 2020
The impact of increases on your dividend income streak is real and is pivotal for your journey to financial freedom. Expected dividend increases and reviewing a Seeking Alpha  

Natgas flows to U.S. LNG export plants sink to 9-month low due to coronavirus   Jun 02, 2020
The amount of natural gas flowing on pipelines to U.S. liquefied natural gas export plants is at its lowest levels since August, a signal of weak worldwide demand due to government lockdowns to repress the coronavirus. Reuters  

Abu Dhabi Said to Near Pipeline Deal With GIP-Backed Group   Jun 02, 2020
(Bloomberg) -- Abu Dhabi’s state-owned energy producer is close to selling a multibillion-dollar stake in its natural gas pipelines to an investor group backed by Global Infrastructure Partners and Brookfield Asset Management Inc. YAHOO!  

Oil prices rise ahead of OPEC+ meeting on extended output cuts   Jun 02, 2020
Oil prices rose on Tuesday, with traders waiting to see whether major producers agree to extend their huge output cuts to shore up prices at a virtual meeting expected later this week. Brent crude futures rose 0. YAHOO!  

Energy Roundtable: Waiting Out The Oil Glut With Natural Gas (Video Transcript)   Jun 02, 2020
We continue our round of energy interviews by speaking with Power Hedge. He is also concerned that the oil glut could depress companies' prospects in the forese Seeking Alpha  

Oil Tankers Queuing Off Chinese Coast Proof of Rapid Rebound   Jun 02, 2020
Queues of tankers have formed off China’s busiest oil ports as the vessels wait to offload crude for refineries that are quickly ramping up production amid a rapid rebound in fuel demand.Two dozen or YAHOO!  

Natural Gas Price Prediction – Prices Fall Breaking Through Support but Prices are Oversold   Jun 02, 2020
Natural gas prices moved lower on Monday, hitting a lower low and a lower close which is a sign of a downtrend. Natural gas deliveries to U.S. LNG export facilities decline to the lowest level since October 2019. YAHOO!  

Valaris's Restructuring Is Near   Jun 02, 2020
Valaris reports that it decided to skip interest payments due on June 1, 2020. The company received waivers under the credit facility and has a 30-day grace per Seeking Alpha  

Saturn Oil & Gas Inc. Postpones release of First Quarter 2020 Results   Jun 02, 2020
Saturn Oil & Gas Inc. (“Saturn” or the “Company”) (TSX.V: SOIL) (FSE: SMK) announced today that due to the impact of the global COVID-19. YAHOO!  

Digital Transformation Market in the Oil and Gas Industry 2019-2023 | Need for Technologies in Exploration Activities to Boost Growth | Technavio   Jun 02, 2020
Technavio has been monitoring the digital transformation market in the oil and gas industry and it is poised to grow by USD 33.89 billion during 2019-2023. The report offers an up-to-date analysis regarding the current market scenario, YAHOO!  

5th Circuit won't revisit permit process for Texas Exxon plant   Jun 02, 2020
A federal appeals court denied on Friday a bid by two environmental groups to have the Environmental Protection Agency reevaluate a state permit for the construction of a new Exxon Mobil Corp ethylene plant in eastern Texas. Reuters  

UPDATE 1-U.S. natural gas falls 4% as LNG exports drop on record low global prices   Jun 02, 2020
U.S. natural gas futures fell over 4% on Monday as liquefied natural gas (LNG) exports continued to drop with record low gas prices in Europe and Asia. The price decline came despite forecasts for warmer U. Reuters  

U.S. natural gas fall 4% as LNG exports drop on record low global prices   Jun 02, 2020
U.S. natural gas futures fell over 4% on Monday as liquefied natural gas (LNG) exports continue to drop on record low gas prices in Europe and Asia. That price decline came despite forecasts for warmer weather and higher air conditioning demand over the next two weeks than previously expected. Reuters  

Petrobras CEO says oil storage not an issue for company   Jun 01, 2020
Oil stocks held by Brazilian state-run oil firm Petroleo Brasileiro SA are "paradoxically" very low, Chief Executive Roberto Castello Branco said during an online event on Monday, as the company has strong demand for its products overseas. Reuters  

Trump administration shelves more oil and gas lease sales   Jun 01, 2020
The Trump administration has backed off its regular oil and gas lease sale schedule, postponing at least two auctions that had been set for later this month after delaying a major sale in New Mexico in May, Reuters  

Qatar inks $20B in additional LNG carrier construction contracts   Jun 01, 2020
Qatar Petroleum has signed a ~$19B deal with three South Korean shipbuilders to reserve a "major portion" of their liquefied natural gas ship construction capacity for its future carrier fleet Seeking Alpha  

Trump And Putin Discuss The Future Of The Oil Market   Jun 01, 2020
U.S. President Donald Trump and Russian President Vladimir Putin discussed via phone the OPEC+ production cut agreements on Monday, according the  Kremlin OilPrice  

NOW Inc. Announces New Chief Executive Officer   Jun 01, 2020
Inc. (NYSE: DNOW) (or the "Company" or "DistributionNOW") today announced that its Board of Directors (the "Board") has appointed David (Dave) Cherechinsky to lead the company as full-time Chief Executive Officer, YAHOO!  

Golden Pass asks for more capacity at Texas LNG export plant   Jun 01, 2020
Golden Pass LNG files for permission to increase the capacity of its $10B export terminal under construction in Texas to 18.1M metric tons/year from 15.6M mt/year.In its request with the Federal Energ Seeking Alpha  

This Year May Mark Fastest Start to Hurricane Season Since 1851   Jun 01, 2020
A tropical depression has formed in the southern Gulf of Mexico, near the Yucatan Peninsula, and will likely grow into Tropical Storm Cristobal by Tuesday, marking the fastest start to the Atlantic hurricane season since 1851. Bloomberg  

Offshore Oil Is On The Brink Of Collapse   Jun 01, 2020
The COVID-19 pandemic has had a major impact on the oil industry, but no sector is feeling the pain more than offshore OilPrice  

Crude Oil Price Forecast – Crude Oil Markets Reach Towards Gap Again   Jun 01, 2020
WTI Crude Oil. The West Texas Intermediate Crude market has initially tried to rally during the trading session on Monday but then gave back the gains to only turn around and show YAHOO!  

Venezuela oil minister says non-subsidized gasoline price to be 50 U.S. cents   Jun 01, 2020
Venezuelan Oil Minister Tareck El Aissami on Monday said motorists must pay the equivalent 50 U.S. cents per liter of gasoline after reaching their 120 liter-per-month limit for subsidized fuel. Reuters  

Oil Holds Above $35 on Demand Hopes as OPEC Mulls Cut Extension   Jun 01, 2020
Oil nudged higher in Asia after U.S. manufacturing data offered grounds for optimism about a demand recovery and as the market awaited news on whether OPEC would move to extend the duration of output cuts. Bloomberg  

Trans Mountain anticipates stable pipeline demand despite pandemic   Jun 01, 2020
Canadians are staying home in droves and burning less fuel thanks to the COVID-19 pandemic, but the Trans Mountain pipeline corporation forecasts shipping demand on its existing pipeline will remain strong in 2020. CBC.ca  

HempAmericana Set to Launch CBG Oil Product for Online Sales and Through Alibaba.com Platform   Jun 01, 2020
NEW YORK, NY / ACCESSWIRE / May 22, 2020 / HempAmericana, Inc. (OTC PINK:HMPQ) ("HempAmericana" or the "Company"), an emerging leader in the CBD products market, is excited to announce the upcoming launch of the Company's new Cannabigerol (CBG) oil product, YAHOO!  

Valaris's Restructuring Is Near   Jun 01, 2020
Valaris reports that it decided to skip interest payments due on June 1, 2020. The company received waivers under the credit facility and has a 30-day grace per Seeking Alpha  

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