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SpiceJet third-quarter profit plunges as oil prices weigh   Feb 11, 2019
(Reuters) - India's low-cost carrier SpiceJet Ltd posted a 77.1 percent decline in its third-quarter profit on Monday, hurt by higher crude oil prices and forex losses amid intense competition. Yahoo Finance  

Crude Oil Price Update -Daily Main Trend Changes to Down on Trade Through $51.33   Feb 11, 2019
U.S. West Texas Intermediate crude oil futures are edging lower on Monday with traders reacting to a pick-up in U.S. drilling activity and a refinery fire in Illinois that resulted in the shutdown ... Yahoo Finance  

Visiongain Report Researches Growth Opportunities Within the $7,076mn Offshore Oil & Gas Decommissioning Market   Feb 11, 2019
Able UK AF Gruppen Aker Solutions Allseas AP M ller Atotech Baker Hughes Bayernoil Bibby Offshore Limited BMT Cordah BP Brasil Petroleo Ltda Cal Dive International Canadian Natural Resources Chevron Corporation Chevron Brasil Oleo & Gas Ltda ... MarketWatch  

Venezuela oil minister says all mechanisms in place to meet India's oil needs   Feb 11, 2019
NEW DELHI (Reuters) - Venezuela has all mechanisms and channels in place to keep its oil operations going and will be able to satisfy India’s need for oil, the South American country’s oil minister Manuel Quevedu said on Monday. “We will do all ... Reuters  

Venezuela open to barter trade with India to boost oil sales   Feb 11, 2019
NEW DELHI (Reuters) - Venezuela is open to barter-like payments from India to boost oil sales to the world's third-biggest oil consumer, the South American country's oil minister Manuel Quevedu ... Yahoo Finance  

UK GAS-Prices down on mild weather and strong gas supplies   Feb 11, 2019
Feb 11 (Reuters) - British wholesale gas prices fell on Monday on mild weather and strong supplies from Norway, and as a large number of liquefied natural gas (LNG) cargos are expected to arrive ... Reuters  

FTSE 100 higher as miners, oil majors rise   Feb 11, 2019
Oil majors BP and Shell were also among top boosts on the back of higher ... Playtech, the gambling software company which fell last week as horse racing was postponed in Britain after an outbreak of equine influenza, slipped 4 percent. Yahoo Singapore Finance  

Oil Keeps Falling on Growth Fear After Worst Weekly Loss in 2019   Feb 11, 2019
(Bloomberg) -- Oil fell toward the lowest level in almost two weeks as global growth concerns continued to damp the demand outlook, with investors hoping for positive news from high-level U.S.-China trade talks this week. Futures dropped as much as 1.6 ... Finance Yahoo  

$60 to $70 is a fair price for a barrel of oil, Egypt's petroleum minister says   Feb 11, 2019
There is a fair price for a barrel of oil and OPEC and its non-OPEC partners are close to achieving it through their deal to cut production, according to Egypt's Petroleum Minister Tarek El-Molla. "It is in the range between $60 and $70 a barrel ... Finance Yahoo  

Graphic: Sanctions, OPEC cuts push Asia's sour crude oil prices above Brent   Feb 11, 2019
SINGAPORE (Reuters) - Middle East oil benchmarks Dubai and DME Oman have nudged above prices for Brent crude, an unusual move as U.S. sanctions on Venezuela and Iran along with output cuts by OPEC tighten supply of medium to heavy sour oil, traders and ... Yahoo Singapore Finance  

Oil prices fall as U.S. rig count rise, trade concerns   Feb 11, 2019
SINGAPORE (Reuters) - Oil prices fell by around 1 percent on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down by trade concerns. A refinery fire in the U.S. state of ... Reuters  

Who Will Get Citgo? Mao's Defeat in U.S. 67 Years Ago Holds Clue   Feb 11, 2019
If that weren’t complicated enough, Citgo’s assets are eyed by a long list of Venezuela’s creditors including bondholders, Russia’s state-run oil company Rosneft, ConocoPhillips and defunct Canadian miner Crystallex. So U.S. courts will likely be ... Bloomberg L.P.  

Indigenous pro-oil rally in Alberta stresses energy industry is vital for them   Feb 11, 2019
LAC LA BICHE, Alta. -- Indigenous supporters of Canada's oil and gas industry turned out here in force Sunday to make the point that the sector plays a vital role in their lives. "It doesn't matter if you're a business owner or a worker or an aboriginal ... CTV News  

Oil Doubters Mount a Comeback as Rally Stalls on Global Worries   Feb 11, 2019
(Bloomberg) -- Hedge funds reversed course on oil just in time, plowing back into bearish bets as crude skidded into a wall of economic worries. In a shift from four weeks of retreat, short ... Yahoo Finance  

Pompeo trip marks U.S. re-engagement with long-overlooked central Europe   Feb 11, 2019
Foreign Minister Peter Szijjarto said this month the United States could help Hungary diversify away from Russian energy by encouraging ExxonMobil to proceed with long-stalled plans to develop a gas field in the Black Sea. The administration official said ... Reuters  

Oil prices fall on rising U.S. rig count, Illinois refinery fire   Feb 11, 2019
SINGAPORE (Reuters) - Oil prices fell by more than 1 percent on Monday as U.S. drilling activity picked up and as a refinery fire in the U.S. state of Illinois resulted in the shutdown of a large ... Reuters  

Chevron And Occidental Join Bill Gates Backed Tech Company   Feb 11, 2019
Chevron and Occidental Petroleum recently announced they will invest in Carbon Engineering Ltd., a Squamish, B.C. clean energy start-up company backed by among other, Bill Gates. Carbon ... Crude Oil Prices  

Repairs to Brandon, Man., gas leak to carry on through night: Hydro   Feb 11, 2019
Traffic at 22nd Street and Brandon Avenue is also blocked in all directions. Crews work into the night to fix gas leak that forced evacuations downtown Natural gas blows into air after crew hits pipe in Polo Park area In a tweet shortly before 8 p.m ...  

How Supermajors Are Transforming The Permian   Feb 11, 2019
Related: Italy Looks To Block Oil, Gas Exploration Permits Even the leading independent firms in the Permian Basin, Houston’s Occidental Petroleum and Dallas’ Pioneer Natural Resources ... Crude Oil Prices  

UPDATE 2-CDU shut by Phillips 66 Wood River, Illinois refinery fire -source   Feb 11, 2019
The Wood River refinery is a 50-50 joint venture between Phillips 66 and Cenovus Energy Inc. Phillips 66 is the managing partner. (Reporting by Jarret Renshaw and Erwin Seba; Editing by Peter ... Reuters  

Washington Eyes Crackdown On OPEC   Feb 11, 2019
Companies like ExxonMobil and BP have major stakes in projects in places like Nigeria and Iraq. These OPEC-member countries could retaliate if they face punitive action from the U.S. government. Yahoo Finance  

Equinor: 4th Quarter Results Show Growth Thesis Playing Out   Feb 10, 2019
Equinor has not historically been a fantastic dividend growth stock like ExxonMobil (XOM) or Chevron (CVX). Therefore, it was somewhat nice to see that Equinor took advantage of its strong ... Seeking Alpha  

3 Reasons I Just Bought NextEra Energy Stock   Feb 10, 2019
Instead, it's continuing to bet big on clean energy by investing $40 billion through 2020 to build new solar, wind, and storage capacity, as well as more natural gas pipelines. Image source ... Yahoo Finance  

CORRECTING and REPLACING Ridgemont Equity Partners and Hatch Resources Form Partnership to Invest in Oil and Gas Assets in the Permian Basin   Feb 10, 2019
Hatch Resources (“Hatch”), a newly formed oil and gas exploration and production company based in Austin, TX, and Ridgemont Equity Partners, a middle market buyout and growth equity firm, today announced a partnership to pursue the acquisition of oil ... Associated Press  

Exclusive: Venezuela shifts oil ventures' accounts to Russian bank -document, sources   Feb 10, 2019
CARACAS (Reuters) - Venezuela's state-run oil company PDVSA [PDVSA.UL] is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia's Gazprombank AO <GZPRI.MM>, according to sources and an internal ... Finance Yahoo  

This Is Just The Beginning Of Europe’s Gas War   Feb 10, 2019
Last year Gazprom sold more than 200 billion cubic meters (bcm) of natural gas to Europe, including Turkey, while its gas market share in the region rose to more than a third, Reuters said in a ... OilPrice  

Toshiba to Cut Operating Profit Forecast by Half, Nikkei Says   Feb 10, 2019
In November, Toshiba pulled back from nuclear projects in the U.K. and bailed from a five-year misadventure in trading of liquefied natural gas, paying a Chinese company $806 million to take its interest in a U.S. LNG export venture. There’s also been a ... Finance Yahoo  

Final investment decision for Mozambique gas block seen by March-April   Feb 10, 2019
NEW DELHI (Reuters) - A final investment decision, commonly called FID, for a massive offshore natural gas block in Mozambique is expected to be ready by March or April, the chairman of Mozambique ... Yahoo Finance India  

Downtown vacancies are a complicated problem with no clear solution: consultant   Feb 10, 2019
"That suburban office space seems to be attracting some of the tenants away from the downtown." In some cases, as with ExxonMobil Canada, businesses are choosing to own their space, removing them from the office rental market altogether. Parking ...  

South Africa Oil Discovery Could Be A Game-Changer   Feb 10, 2019
One of the promising hotspots for oil and gas exploration drilling this year—South Africa’s offshore—has just yielded a massive natural gas and condensate find that could open a new ... Yahoo Finance  

Egypt sees average oil price of $67 for 2019-20 budget   Feb 10, 2019
CAIRO, Feb 10 (Reuters) - Egypt expects an average crude oil price of $67 per barrel for its 2019-2020 financial year budget, according to a finance ministry report published on Sunday. The country spent 30.169 billion Egyptian pounds ($1.7 billion) on ... Reuters  

Oil prices dip; slow progress in trade talks counters OPEC cuts   Feb 10, 2019
NEW YORK (Reuters) - Oil prices edged lower on Monday as worries surrounding the resumption of U.S.-China trade talks overshadowed support from OPEC-led supply restraint. Brent crude futures lost ... Reuters  

Five things to watch for in the Canadian business world in the coming week   Feb 10, 2019
The Calgary-based company recently announced it has hired RBC to help it sell as much as a 75 per cent stake in the Coastal GasLink pipeline project designed to supply natural gas from northeastern B.C. to the LNG Canada facility on the West Coast at Kitimat. CTV News  

Why Refiners Valero Energy Corporation, Phillips 66, and Marathon Petroleum All Rose Double Digits in January   Feb 10, 2019
In January, oil and natural gas refinery Valero Energy Corporation's (NYSE: VLO) shares jumped 17%, according to data provided by S&P Global Market Intelligence. That was the biggest gain of this ... Yahoo Finance  

U.N.-recognised government of Libya says its forces reach El Sharara oil field   Feb 10, 2019
BENGHAZI, Libya (Reuters) - Forces belonging to the internationally-recognized government of Libya reached the El Sharara oil field on Sunday, a Tripoli-based government source said. The North ... Reuters  

UPDATE 1-Yemen aims to export about 75,000 bpd oil in 2019-Minister   Feb 10, 2019
NEW DELHI, Feb 10 (Reuters) - The Saudi-backed government in Yemen hopes to scale up its crude production to 110,000 barrels per day (bpd) in 2019, with exports touching about 75,000 bpd, its oil ... Reuters  

Economic Calendar - Top 5 Things to Watch This Week   Feb 10, 2019
SIX), Encana (NYSE:ECA), Duke Energy (NYSE:DUK), Vulcan Materials (NYSE:VMC), GNC Holdings (NYSE:GNC), and Avon Products (NYSE:AVP) post earnings. Finally, PepsiCo (NASDAQ:PEP), Deere (NYSE ... Yahoo Finance  

Crude Oil Prices - Weekly Outlook: Feb. 11 - 15   Feb 10, 2019 - Worries about a broadening global economic slowdown which could threaten demand for crude are likely to have the biggest impact on oil markets in the week ahead. Oil traders will ... Yahoo Finance  

South Sudan to return to pre-war oil production levels by mid-2020: minister   Feb 10, 2019
GREATER NOIDA, India (Reuters) - South Sudan will return to producing more than 350,000 barrels of crude per day by the middle of 2020, up from current levels of just over 140,000 barrels per day (bpd) currently, the country’s oil minister said on Sunday. Reuters  

Gushing profits for oil majors on crude price   Feb 10, 2019
The world's top energy companies booked enormous profits last year thanks to higher oil prices and keeping a tight lid on spending, even if that risked limiting their medium-term production capacity. The five "supermajors" -- US firms Chevron and ... Yahoo Singapore Finance  

Imperial Oil CEO surprised Trump administration hasn't launched trade attack against Alberta   Feb 10, 2019
Other companies such as Cenovus and Canadian Natural Resources had strongly urged the government to take such action because of heavily discounted prices in Western Canada last year. In the fall, the U.S. Congress revived an old proposal to allow the ...  

India launches third round of oil and gas blocks for exploration   Feb 10, 2019
NEW DELHI/MUMBAI (Reuters) - India on Sunday launched the third bidding round under its open acreage licensing policy (OALP), according to a government statement. Twenty three blocks covering an ... Reuters  

Demand Worries Pressure Crude Oil, Natural Gas while Strong Dollar Caps Gold   Feb 10, 2019
The strong U.S. Dollar weighed on dollar-denominated commodity markets last week with crude oil and gold feeling the brunt of the selling pressure. Natural gas futures tumbled as investors gave up ... Yahoo Finance  

Koch family not pressing charges over gate-crashing   Feb 10, 2019
He has been supportive of such reform for years, shaped in part by his libertarian politics. Koch Industries spokesman Rob Carlton declined a request for comment. Investigators aren't sure why White drove through the gate but did say drugs may have ... Houston Chronicle  

Cramer's game plan: Next week's action hinges on US-China trade   Feb 09, 2019
"That should allow its stock to roar like the other rails." Tuesday: Under Armour, Molson Coors, Occidental Petroleum, Twilio, Activision Blizzard Under Armour UAA : Cramer still preferred ... Yahoo Finance  

4 Reasons Brookfield Infrastructure Partners’ CEO Views 2018 as a Smashing Success   Feb 09, 2019
Not only did the company buy a leading provider of central residential energy infrastructure, but it also acquired a stake in the largest independent natural gas gathering and processing business ... Yahoo Finance  

Why WTI Is A Global Oil Market Benchmark   Feb 09, 2019
Oil markets are global, and therefore oil prices around the world generally move in tandem. There are differences in oil prices based on quality and geography, but the fungible nature of oil ... OilPrice  

Deals of the day-Mergers and acquisitions   Feb 09, 2019
Visa Inc sweetened its offer for payment company Earthport ... Royal Dutch Shell bought stakes and options in gas licenses in the southern British North Sea estimated to contain a total of 190 million barrels of oil equivalent from Cluff Natural Resources ... Reuters  

How the Green New Deal Almost Went Nuclear on Its First Day   Feb 09, 2019
“We also believe in science, which dictates that we will never reach that goal without lower-carbon bridge fuels such as natural gas and carbon-free fuels such as nuclear power.” The episode Thursday also underscores the rift among U.S ... Yahoo New Zealand  

This Oil Company Is Quietly Building Hidden Value in the Permian Basin   Feb 09, 2019
Oil and gas companies have been growing production so fast that third-party midstream providers haven't been able to keep up. So many drillers have started investing in building out their own ... Yahoo Finance  

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