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OPEC To Meet In Saudi Arabia To Discuss ‘Oil Supply Security’   May 16, 2019
As a panel of OPEC and Russian ministers is meeting this weekend in Saudi Arabian city of Jeddah to assess oil market conditions ahead of the full OPEC+ meeting in Vienna next month, the ... OilPrice  

Incident At Chevron Phillips Baytown Plant Sends Black Smoke In Air   May 16, 2019
Cedar Bayou is also close to an ExxonMobil ethane cracker in the area. Chevron and Phillips 66 are expected to make a final investment decision on the expansion project next year, and potentially ... Crude Oil Prices  

Oil gains 2% as Middle East conflict intensifies   May 16, 2019
NEW YORK (Reuters) - Oil prices jumped 2% on Thursday as tensions in the Middle East grew, with a Saudi-led coalition launching air strikes in retaliation for recent attacks on its oil infrastructure. Brent crude futures were up $1.53, or 2.1%, at $73.30 ... Reuters  

No, The Oil Glut Hasn’t Disappeared   May 16, 2019
Global oil demand may be a bit lower this year than previously thought, weighed down by weaker consumption rates in emerging markets. The International Energy Agency lowered its demand growth ... Yahoo Finance  

Venezuela's 310,000 bpd Cardon oil refinery halts operations due to damage -sources   May 16, 2019
PUNTO FIJO, Venezuela, May 16 (Reuters) - Venezuela’s 310,000 barrel-per-day (bpd) Cardon oil refinery, operated by state-run oil company PDVSA, halted operations on Wednesday due to damage at ... Reuters  

EPA Changed Biofuel Credit Rules before Court Allowed It   May 16, 2019
The issue has basically put the administration between a rock and a hard place as the interests of the oil and the corn lobbies are at irreconcilable odds. The EPA finalized the Renewable Fuel ... OilPrice  

Suncor Energy reports first quarter 2019 results   May 16, 2019
CALGARY, Alberta, May 01, 2019 (GLOBE NEWSWIRE) -- “Suncor’s integrated model has consistently generated positive results through changing market conditions, including mandatory production ... Yahoo Finance  

11 big things: Slack's S-1 & Uber's shrinking expectations   May 16, 2019
3. Permian hostilities In what one industry analyst described as "a very bad idea," Occidental Petroleum announced a hostile takeover bid this week for Anadarko Petroleum, a deal that would allow ... Yahoo Finance  

Mozambique Expects $95 Billion of Gas Revenue Over 25 Years   May 16, 2019
That adds to the $49 billion of revenue anticipated from two other LNG projects being developed nearby by Eni SpA and Anadarko Petroleum Corp., it said in June. The liquefied-natural-gas projects the three companies plan to build in Cabo Delgado province ... Bloomberg L.P.  

New York Ditches Gas Pipeline Proposal Despite Soaring Electricity Bills   May 16, 2019
In an unsurprising move, the New York state authorities rejected a proposal for a new natural gas pipeline that would have supplied 400 million cu ft of natural gas daily to the state where energy ... OilPrice  

None Of Venezuela’s Crude Oil Upgraders Are Processing Oil   May 16, 2019
Venezuela has stopped upgrading crude oil as PDVSA finds itself without buyers in the wake of US sanctions, according to sources who spoke to Reuters. Venezuela hasn’t shut down its upgraders ... OilPrice  

Occidental's Purchase Of Anadarko Isn't A Permian Oil Purchase   May 16, 2019
The competition between Occidental (OXY) and Chevron (CVX) to buy Anadarko Petroleum (APC) lit up news boards and markets everywhere during the last month. Occidental won the company at a price ... Seeking Alpha  

UPDATE 1-Equinor says Statfjord loading still shut after oil spill   May 16, 2019
The field is operated by state-controlled Equinor with a 44.3 percent stake, while ExxonMobil holds 21.4 percent and the rest is held by two units of Spirit Energy, data from Norway’s Petroleum Directorate shows. (Reporting by Gwladys Fouche, editing by ... Reuters  

Global 1-Decene Market 2018 Share, Growth by Top Company, Region, Application, Driver, Trends & Forecasts by 2023   May 16, 2019
1-Decene Market by Top Manufacturers: Royal Dutch Shell, Chevron Phillips Chemical Company, SABIC, Sasol Limited, Exxonmobil Corporation, Ineos Group Limited, Qatar Chemical Company, Idemitsu Petrochemical Company, PJSC Nizhnekamskneftekhim By Derivative ... MarketWatch  

Uzbekistan to Build a New Petrochemical Plant to Use MTO Technology   May 16, 2019
Under the preliminary agreements, the Group is planning to build a new 500,000 tons state-of-the-art plant, which is expected to process 1.5cbn of natural gas per annum. Potential technical and ... Yahoo Finance  

Just Energy: Fiscal 4Q Earnings Snapshot   May 16, 2019
The natural gas and electricity retailer posted revenue of $770.4 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $788.4 million. For the year ... Yahoo Finance  

Russia has 19 million barrels of oil that no one wants   May 16, 2019
Russia is stuck with 19 million barrels of oil, worth about $1.2bln, that no one wants after it was found to be contaminated. Now it's unclear who will pay for the cleanup. Julian Satterthwaite reports. Reuters, the news and media division of Thomson ... Reuters  

Occidental's Big Mistake: Overpaying For Resources In An Age Of Energy Abundance   May 16, 2019
Occidental Petroleum's (OXY) stock has been heading lower ever since it started bidding for Anadarko Petroleum (APC). It's now trading at the same level it was back in May of 2007. Interestingly ... Seeking Alpha  

The Occidental-Anadarko Petroleum Merger's Crude Truth About Oil Prices   May 16, 2019
On the last Friday in April, Warren Buffett got a call from Brian Moynihan, the CEO of Bank of America, asking if he would back Occidental Petroleum’s underdog bid for rival oil driller Anadarko. Yahoo Finance  

Find out Why Wax Market Is Thriving Worldwide In The Upcoming Years   May 16, 2019
Shell Oil Company, Royal Dutch Shell plc. and Evonik Industries AG and others located across the globe. Wax Market – Segmentation Dashboard Segmentation on the basis of type: Paraffin/Mineral Wax Synthetic Wax Natural Wax Segmentation on the basis of ... MarketWatch  

Deals of the day-Mergers and acquisitions   May 16, 2019
ExxonMobil Corp has agreed to sell down its holding in the P’nyang gas field in Papua New Guinea to Santos Ltd, giving the Australian company a stake in the field that will help feed an expansion of Exxon’s PNG LNG project. (Compiled by Nivedita Balu ... Reuters  

Crews fixing high-pressure natural gas main in west Michigan   May 16, 2019
SPRING LAKE, Mich. (AP) — Crews are working to fix a high-pressure natural gas main that was struck during a construction project in western Michigan. The Ottawa County sheriff’s office says the gas main was broken Wednesday afternoon in the village of ... Associated Press  

Anadarko Announces LNG Sale and Purchase Agreement with JERA And CPC Corporation, Taiwan   May 16, 2019
HOUSTON, May 13, 2019 /PRNewswire/ -- Anadarko Petroleum Corporation (APC) today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers ... Yahoo Finance  

Big Oil Leads Rio Real Estate Renaissance on Energy Opening   May 16, 2019
As oil prices rebound and state-controlled oil company Petroleo Brasileiro SA slims ... attract the likes of Exxon Mobil Corp, Royal Dutch Shell Plc and Chevron Corp, the outlook is quickly ... Yahoo Finance  

Pet Coke Market Size, Share, Analysis, Supply Chain, Global Qualitative Insight, Opportunities, Challenges, Size, Share, Forecast to 2023   May 16, 2019
The leading players profiled by MRFR that are operating in the global pet coke market are Chevron Corporation (the U.S.), British Petroleum (London), Essar Oil Ltd. (India), Hindustan Petroleum Corporation Limited (India), Exxon Mobil Corporation (the U.S ... MarketWatch  

ExxonMobil and Employees Donate More Than $1.5 Million to Oklahoma Colleges and Universities   May 16, 2019
Ten institutions of higher learning in Oklahoma receive funds from Educational Matching Gift Program More than 800 U.S. colleges and universities to benefit from ExxonMobil matching program ... Yahoo Finance  

The World’s Rich Once Flocked to Geneva. Now Its Allure May Be Fading   May 16, 2019
Eye-care manufacturer Alcon Inc., spun off from Novartis this year, chose the city as a base.This week, French energy giant Total SA said it plans to move its natural gas trading operations from ... Yahoo Finance  

Equinor to Boost US GoM Footprint via Caesar Tonga Purchase   May 16, 2019
Notably, this year, it will start drilling the Monument prospect in the region. While Anadarko Petroleum Corporation APC is the operator of the Caesar Tonga field with a 33.75% stake, Chevron ... Yahoo Finance  

UGI to Present at the 2019 AGA Financial Forum on Wednesday, May 22   May 16, 2019
Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation ... Yahoo Finance  

Top Analyst Reports for Adobe, ConocoPhillips & Exelon   May 16, 2019
Per the Zacks analyst, Anadarko Petroleum's premium shale properties in Delaware and Denver-Julesburg basins and the Deepwater Gulf of Mexico (GOM) will drive growth. Welltower (WELL) to Grow on ... Yahoo Finance  

Warren Buffett Bags a Big Oil Deal   May 16, 2019
Occidental Petroleum (NYSE: OXY) outbid big oil rival Chevron (NYSE: CVX) for control over Anadarko Petroleum (NYSE: APC) thanks to some help from Warren Buffett. That's one of several moving ... Yahoo Finance  

Oil Climbs on Falling U.S. Gasoline Stockpiles and Gulf Tension   May 16, 2019
(Bloomberg) -- Oil climbed for a third day in the longest run of gains in three weeks as falling U.S. gasoline stockpiles supported the demand outlook and simmering tensions in the Middle East ... Yahoo Finance  

Crude Oil Price Forecast – Crude oil markets rally significantly   May 16, 2019
The WTI Crude Oil market shot higher during the trading session on Tuesday, reaching above the body of the ugly candle from the Monday session. By doing so, we have broken back above the 50 day EMA, and have proven the trend line to be resilient. Yahoo New Zealand  

Carbon Capture and Storage Market Size Soaring at 5.9% CAGR to Reach 4390 million USD by 2024   May 16, 2019
utm_source=MarketWatcH&utm_medium=VS For the Carbon Capture and Storage market, Exxonmobil Corporation, Schlumberger, Linde AG, Halliburton and BASF respectively account for 13.70%, 10.08%, 6.81%, 6.09% and 5.96% market share in 2018, and the sum of the ... MarketWatch  

Exclusive: Tanker unloads Iranian fuel oil at China port after near five-month trek - data   May 16, 2019
SINGAPORE/BEIJING (Reuters) - A tanker carrying Iranian fuel oil in violation of U.S. sanctions has unloaded the cargo into storage tanks near the Chinese city of Zhoushan, according to ship tracking data on Refinitiv Eikon. The discharging of the nearly ... Reuters  

Oil rises for a third day amid escalating Mideast tensions   May 16, 2019
TOKYO (Reuters) - Oil prices rose on Thursday for a third straight session, as the risk of conflict in the Middle East stoked fears of supply disruptions, negating an unexpected rise in U.S ... Reuters  

Oil and gas company confirms employee killed in Yoho avalanche   May 16, 2019
An oil and gas company has identified one of its employees as a man who died after an avalanche in Yoho National Park in eastern B.C. CBC.ca  

ConocoPhillips touts growth and stability; not aiming for big acquisitions   May 16, 2019
so don't look for the Houston firm to make big waves like Occidental Petroleum did in winning its $38 billion bidding war for Anadarko Petroleum this month. Big corporate acquisitions are tough to pull off because they carry a lot of overhead and debt ... Houston Chronicle  

CUI Global Inc. (CUI) CEO William Clough on Q1 2019 Results - Earnings Call Transcript   May 16, 2019
ConocoPhillips plan and average annual capital budget of 6.1 billion during 2019 and Anadarko Petroleum expecting to make capital investments ranging from $4.3 billion to $4.7 billion in 2019. Seeking Alpha  

China Enlisted for Stranded Gas Venture Ditched by Global Majors   May 16, 2019
It expects first production in late 2025. The development comes about six months after Royal Dutch Shell Plc and ConocoPhillips sold out of the project, originally known as Sunrise LNG, named for the offshore gas field between Australia and Timor-Leste ... Bloomberg L.P.  

Does Liquefied Natural Gas Limited's (ASX:LNG) CEO Salary Compare Well With Others?   May 16, 2019
Greg Vesey has been the CEO of Liquefied Natural Gas Limited (ASX:LNG) since 2016. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of ... Yahoo Finance  

In US, New York latest to say no to natural gas infrastructure plans   May 16, 2019
NEW YORK, May 15 (Thomson Reuters Foundation) - A bid to build a controversial pipeline to boost New York’s natural gas supply was rejected by authorities on Wednesday, the latest manifestation ... Reuters  

NY denies natural gas pipeline expansion permit   May 16, 2019
ALBANY, N.Y. (AP) — State regulators have denied a water quality permit for a 24-mile underwater pipeline that has drawn protests from environmental groups while backers say it’s crucial for meeting rising demand for natural gas in New York City and ... Associated Press  

Natural Gas Price Prediction – Prices Drop as Demand Eases   May 16, 2019
Natural gas prices moved lower on Wednesday ahead of Thursday inventory report from the Department of Energy. Expectations are for inventories to rise by 104 Bcf according to Estimize. Last week ... Yahoo Finance  

UPDATE 1-Australia's Santos buys into Exxon-led gas field in PNG for $187 mln   May 16, 2019
May 16 (Reuters) - ExxonMobil has agreed to sell down its holding in the P’nyang gas field in Papua New Guinea to Santos Ltd, giving the Australian company a stake in the field that will help ... Reuters  

Awilco Drilling: A Look At Q1 2019 Results   May 16, 2019
Also, the company has about $26 million of backlog with Shell. Thus, the market is giving ... In such conditions, oil prices, general market interest in offshore drillers and outlook for the ... Seeking Alpha  

Permian Pure Play Merger And Takeover Targets   May 16, 2019
Catalysts for rising and firming oil prices the next 12-18 months include: When Occidental Petroleum (OXY) took Anadarko (APC) from Chevron (CVX) with a better bid, it should have woken investors ... Seeking Alpha  

Royal Dutch Shell: Results Not As Good As The Market Believes   May 16, 2019
Unfortunately, though, Royal Dutch Shell failed to do this during the first quarter. As noted in the highlights, the company produced an average of 3,752 mboe (thousand barrels of oil equivalents ... Seeking Alpha  

2 rescued from scaffold near top of 50-story Oklahoma tower   May 16, 2019
VIDEO: Crews working to rescue people stuck on lift on Devon Tower OKLAHOMA CITY (AP) — Two window washers have been rescued from a dangling scaffold above the roof of a nearly 850-foot (259 meters) skyscraper in downtown Oklahoma City. Oklahoma City ... Houston Chronicle  

South Field Energy Breaks Ground for 1,182-megawatt Energy Facility   May 15, 2019
WELLSVILLE, Ohio, May 15, 2019 /PRNewswire/ -- South Field Energy LLC announced today its groundbreaking for a 1,182-megawatt, low-carbon combined-cycle natural gas electric generating facility in ... Yahoo Finance  

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