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Essar, Adani, GAIL buy bulk of Reliance gas; fertiliser cos skip preferring expensive imported LNG   Nov 17, 2019
New Delhi, Nov 17 (PTI) Essar Steel, Adani Group and state-owned GAIL have bought majority of natural gas from Reliance Industries' newer fields in the KG-D6 block at USD 5.1-5.16 per unit but fertiliser companies skipped the auction that could have helped save at least Rs 800 crore subsidy annually. Essar Steel picked up 2.25 million standard ... YAHOO!  

Essar Steel, Adani, GAIL, HPCL buy bulk of Reliance gas   Nov 17, 2019
New Delhi, Nov 17 (PTI) Essar Steel, Adani Group and state-owned GAIL have bought majority of natural gas from Reliance Industries' newer fields in the KG-D6 block at an indicative price of USD 5.04 - 5.16 per unit, industry sources said. Essar Steel picked up 2.25 million standard cubic meters per day or about half of the available volumes in ... YAHOO!  

Aramco IPO range values Saudi oil giant at up to $1.7 trillion   Nov 17, 2019
DUBAI (Reuters) - Saudi Aramco is worth up to $1.7 trillion (£1.3 trillion) at the IPO price range set by the oil giant on Sunday, below the $2 trillion targeted by Saudi’s crown prince but still vying for the title of the world’s biggest IPO. However Aramco cannot sell the shares directly to investors in the United States and other ... Reuters  

Belarus threatens not to sign integration deal with Russia if 'oil and gas issues' unresolved   Nov 17, 2019
MINSK (Reuters) - Belarusian President Alexander Lukashenko threatened on Sunday not to sign an integration deal with Moscow later this year if Moscow fails to resolve “oil and gas issues”. Russia has provided energy subsidies and loans to Belarus to keep Minsk in its political orbit but now plans to phase these out to lessen the burden on its economy. Reuters  

Saudi Aramco IPO Valuation Between $1.6-1.7T With No International Roadshows   Nov 17, 2019
And the lower of the headline valuation would still comfortably beat the world's largest integrated international oil company ExxonMobil which has a current market capitalisation of ~$300 billion. Saudi Stock Exchange (Tadawul) sign is seen at their headquarters in Riyadh: Saudi Aramco has ... [+] announced its long-awaited stock market debut ... Forbes  

Factbox: Saudi Aramco - the oil colossus   Nov 17, 2019
(Reuters) - Saudi Aramco set a price range for its blockbuster listing that implies the oil giant is worth between $1.6 trillion and $1.7 trillion, below the $2 trillion Saudi Crown Prince Mohammed bin Salman previously targeted. Reuters  

Driver sent to hospital after oil tanker crash, ensuing fire at Alberta-B.C. border   Nov 17, 2019
EDMONTON -- A crash and fire involving a b-train tanker truck carrying crude oil closed Highway 49 near the Alberta-B.C. border on Saturday. The incident happened on the Pouce Coupe river Bridge, about five kilometres east of Dawson Creek, around 8:30 a.m. According to the Government of British Columbia, the responding emergency officer found ... CTV News  

Truck carrying 40K litres of oil crashes, burns near Dawson Creek   Nov 17, 2019
On Saturday Nov. 16, 2019 a truck hauling 40,000 litres of crude oil crashed and burned on Highway 49, five kilometres outside of Dawson Creek B.C. (Alan Stebbing/B.C. Spill Response) Emergency officials are scrambling to clean up an oil spill in northern B.C. after a tanker truck crashed and burst into flames on Highway 49. The province says ... CBC.ca  

Why Banning Fossil Fuel Investment Is A Huge Mistake   Nov 17, 2019
He reiterated that it will bar investments or financing for most fossil fuel projects, including those that employ the traditional use of natural gas. There is still a small loophole for fossil ... OilPrice  

Venezuela Is Using Invisible Oil Tankers To Skirt Sanctions   Nov 16, 2019
The reason: Venezuela is still exporting oil. So far in November, according to OilX data, Venezuela has exported an average of 530,000 bpd, up from 523,000 bpd in October. Bloomberg reports, citing shipping data, that Venezuela had loaded almost 11 million barrels of crude in just the first 11 days of November, which is more than twice as much ... OilPrice  

The Top 5 Ways We Use Oil & Gas   Nov 16, 2019
Industrial, residential, commercial and electrical power usage of petroleum pales in comparison. Fossil fuels--which include crude oil and other liquids--are refined into petroleum products for a multitude of uses, and last year, the United States consumed over 20 million barrels per day. A whopping 69 percent of that was consumed by ... OilPrice  

Offshore Oil to Peak in 2020, Then Join Shale in Market Drop   Nov 16, 2019
“The pipeline of things that have been discovered just won’t get sanctioned,” Brackett said. Shale industry pioneers Scott Sheffield, Pioneer Natural Resources Co.’s chief executive officer, and Mark Papa, who built Enron Corp. castoff EOG Resources Inc. into one of the world’s biggest independent oil explorers, are sounding the alarm ... YAHOO!  

This Bad News Is Sending Energy Stocks Lower!   Nov 16, 2019
The move to the U.S. may also have something to do with the higher regulatory requirements in Canada relative to the U.S. The Canadian government plays a significant role in dictating oil production volume among the oil and natural gas corporations. Encana may simply not want to play by Canadian rules anymore. Encana won’t take much of a hit ... YAHOO!  

Canada Revenue Agency: 2 Tips to Keep Your TFSA Penalty Free   Nov 16, 2019
That includes about 63% of U.S.-bound Canadian exports. The company’s natural gas system will carry 18% of all the gas consumed in the U.S. Enbridge also controls an extensive portfolio of renewable energy assets in North America and Europe. About half of Enbridge’s earnings in 2019 will come from its liquids pipelines, with gas ... YAHOO!  

Alberta Advantage? Not without an oil and gas boom, study says   Nov 16, 2019
"Alberta’s economic booms have always resulted from high oil and gas prices, not low tax rates. Lowering of taxes did not precede Alberta’s economic booms; they always occurred during booms when operating budgets have been in surplus. Lower taxes were rewards to Albertans, not a stimulus – like dividends to citizens when NRRRs are high." CTV News  

Mexico’s Latest Hit to Energy Investors Upends Wind, Solar Aid   Nov 16, 2019
And for months, the administration locked horns with billionaire Carlos Slim’s company over natural gas pipelines. The changes to clean-energy credits are “a blow to prospects for private investment in what had been until recently Latin America’s hottest renewable energy market,” said James Ellis, a Bloomberg New Energy Finance analyst. YAHOO!  

Ecopetrol, part of a light oil discovery in the deep waters of the Gulf of Mexico (USA)   Nov 16, 2019
BOGOTÁ, Colombia, Nov. 7, 2019 /PRNewswire/ -- Ecopetrol reports that its US subsidiary, Ecopetrol America LLC, has participated in the drilling of the Esox-1 well under a Farmout Agreement with Chevron U.S.A. Inc. The well which resulted in the discovery of light oil is located in Mississippi Canyon Block No. 726 in the deep waters of the ... YAHOO!  

UPDATE 2-Papua New Guinea, Exxon to start talks on revising P'Nyang gas deal   Nov 16, 2019
"All things going well we can expect to sign a P'Nyang Gas agreement around the end of this month," Kua said. The P'Nyang project will help feed an expansion of Exxon's PNG LNG (liquefied natural gas) plant, in which Australia's Oil Search and Santos Ltd are also stakeholders. Talks over the project were put on hold earlier this year ... YAHOO!  

Pembina Oregon Jordan Cove LNG export terminal passes environmental test   Nov 16, 2019
(Reuters) - Canadian energy company Pembina Pipeline Corp's <PPL.TO> proposed Jordan Cove liquefied natural gas export plant in Oregon took a step toward receiving federal approval for construction on Friday after U.S. regulators issued a final environmental report. In the report, known as an environmental impact statement, staff at the Federal ... YAHOO!  

ESG "Green' Push Has Ship Owners Seeing Green(backs)   Nov 16, 2019
Nobody wants to order the last one of the old ships and they really don't want version 1.0 of the new ship either." Story continues "I think that LPG [liquefied petroleum gas] and LNG [liquefied natural gas] will be an interim solution [as fuel]," said Ted Young, chief financial officer of Dorian LPG (NYSE: LPG). "But the long-term future is ... YAHOO!  

US Homeland Security awards $200K to blockchain startup for developing credential management solution   Nov 16, 2019
Just last week, DHS awarded $182,700 to Canadian blockchain startup Mavennet Systems for developing a solution for its Customs and Border Protection unit to help it track oil and natural gas imports from Canada in “real-time.” YAHOO!  

UK GAS-Prices mostly lower due to oversupply   Nov 16, 2019
Culzean maintenance scheduled to ramp up today by 11 mcm/d bringing total UKCS production to 130 mcm/d,” Refinitiv gas analysts said. * Norwegian flows are also slightly higher and liquefied natural gas send-out is strong. * Day-ahead gas was up by 0.35 pence at 38.50 p/therm. * Peak wind generation is forecast at 8.2 gigawatts (GW ... Reuters  

Natural Gas Price Prediction – Prices Rally but Drop 3.8% for the Week   Nov 16, 2019
Natural gas prices moved higher but remain range bound, as solid production and warmer than normal weather have weighed on prices. Prices declined nearly 4% this week after surging the following week as hedge funds covered short positions. The weather is expected to remain normal over the next 6-10 and 8-14 days according to the National ... YAHOO!  

Noble Energy Announces Asset Sale to NBLX and IDR Simplification   Nov 16, 2019
Noble Energy, Inc. (NYSE: NBL) (“Noble Energy” or “the Company”) today announced the conclusion of its midstream strategic review, having elected to retain and increase its ownership in Noble Midstream Partners LP (NBLX). The review was concluded with the sale of essentially all of the Company’s remaining U.S. onshore midstream ... YAHOO!  

Papua New Guinea, Exxon to start talks on revising P'Nyang gas deal   Nov 16, 2019
(Reuters) - Papua New Guinea is set to start talks with Exxon Mobil Corp to try to negotiate better terms from the P’Nyang Gas Project, Minister for Petroleum Kerenga Kua said on Friday, with an agreement expected by the end of the month if all goes well. Reuters  

Enerplus Announces Cash Dividend for December 2019   Nov 16, 2019
CALGARY , Nov. 15, 2019 /CNW/ - Enerplus Corporation ("Enerplus") (TSX & NYSE: ERF) announces that a cash dividend in the amount of CDN$0.01 per share will be payable on December 16, 2019 to all shareholders of record at the close of business on November 27, 2019 . The ex-dividend date for this payment is November 26, 2019 . The CDN$0.01 per ... YAHOO!  

Natural Gas Price Fundamental Daily Forecast – Could Weaken Under $2.696, Strengthen Over $2.750   Nov 16, 2019
Natural gas futures are trading lower on Friday with the market continuing to straddle a key technical level on the daily chart that could determine the near-term direction of the market. Natural Gas Intelligence (NGI) is saying divergent weather models are moving toward a middle ground on the temperature outlook for later this month ... YAHOO!  

The National Energy Regulation Council approved Natural Gas Distribution Prices for 2020   Nov 16, 2019
The total number of registered ordinary shares issued by company is 894 630 333; ISIN code LT0000130023. On 15 November 2019, the National Energy Regulation Council approved natural gas distribution prices set by the Board of Company on 8 November 2019 which will apply from 1 January 2020. Natural gas distribution prices will change from -6.6% ... YAHOO!  

Noble Midstream Announces Simplification and Acquisition of Midstream Interests from Noble Energy   Nov 16, 2019
Noble Midstream Partners LP (NBLX) (“Noble Midstream” or the “Partnership”) today announced it has entered into a definitive agreement (the “Contribution and Simplification Agreement” or “the Transactions”) to acquire the Partnership’s incentive distribution rights (IDRs) and substantially all of Noble Energy’s (NBL ... YAHOO!  

Russia Plans To Boost Crude Oil Exports   Nov 16, 2019
Russia expects to increase its crude oil exports by around 400,000 bpd-500,000 bpd to more than 5.6 million bpd within five years, Energy Minister Alexander Novak said in an article in Russian ... OilPrice  

Buffett hoarding billions in cash despite Restoration Hardware play   Nov 16, 2019
Berkshire made several tweaks to its portfolio during the third quarter, including initiating a $206 million stake in the luxury furniture maker Restoration Hardware and a $332 million position in the energy explorer Occidental Petroleum, according to a Securities and Exchange Commission filing released Friday. The conglomerate also reduced its ... YAHOO!  

Climate Crusader Sues Pension Fund For Not Being Green Enough   Nov 15, 2019
Right now, the interests of our members -- the sole purpose of super -- is what wins out.” Related: U.S. Natural Gas Production Has Hit An All Time High Other firms are also starting to act accordingly. One study by State Street Global Advisors showed that "fiduciary duty is one of the main ‘push factors’ for financial institutions to ... YAHOO!  

5 Stocks Warren Buffett Is Selling (And 2 New Stakes)   Nov 15, 2019
In late April 2019, Buffett invested $10 billion in integrated oil-and-gas play Occidental Petroleum (OXY, $37.76) to help finance its bid for exploration-and-production firm Anadarko Petroleum. In return, Berkshire received 100,000 preferred shares yielding 8%. Occidental ended up offering $38 billion to scoop up Anadarko, beating a competing ... YAHOO!  

David Adams Richards talks support for oil and gas, Senate priorities   Nov 15, 2019
David Adams Richards says anyone who has read his books knows his concern for the environment, yet the senator believes Canada cannot shed itself of the oil and gas industry at this time. CBC.ca  

Stocks end week of milestones at new highs; Dow tops 28,000   Nov 15, 2019
Under Armour rose 3.9% and Macy’s gained 3.4%. RH climbed 7.6% and energy company Occidental Petroleum gained 2.9% after Warren Buffett’s company disclosed that it had picked up shares of both companies. Amarin vaulted 11.8% after a government advisory panel recommended broader use of its fish oil-based heart disease drug Vascepa. Associated Press News  

North American stock markets climb to record highs on signals of trade truce   Nov 15, 2019
Eight of the 11 major sectors on the TSX were higher, led by energy which gained 1.4 per cent as trade optimism boosted crude oil prices. Imperial Oil and Cenovus Energy Inc. were up 2.9 and 2.4 per cent respectively. The December crude contract was up 95 cents at US$57.72 per barrel and the December natural gas contract was up 4.1 cents at US$ ... YAHOO!  

Brazil Adds To Supply Glut With Major Deepwater Field   Nov 15, 2019
and offloading unit (FPSO), with capacity of 150,000 bpd of oil and 6 million cubic meters of natural gas daily. A second FPSO, also with 150,000 bpd capacity, is expected to start operations next ... OilPrice  

Oil and gas leaks among 15,000 spills on new map of Saskatchewan   Nov 15, 2019
A group of University of Regina students and researchers used government records to map out all the oil and gas spills and leaks since 2000. The minister of Energy and Resources says the map doesn't convey that most spills are minor. CBC.ca  

Poland threatens to stop importing gas from Russia   Nov 15, 2019
WARSAW, Poland (AP) — Poland's state gas company said Friday it will stop importing natural gas from Russia’s Gazprom when a long-term contract expires in three years, unless it can secure better commercial terms. The announcement comes as Poland has been working to reduce its dependence on Russian energy sources, which Moscow has sometimes ... YAHOO!  

North European Oil Royalty: Fiscal 4Q Earnings Snapshot   Nov 15, 2019
RED BANK, N.J. (AP) _ North European Oil Royalty Trust (NRT) on Friday reported fiscal fourth-quarter profit of $1.5 million. The Red Bank, New Jersey-based company said it had profit of 16 cents per share. The oil and gas royalty company posted revenue of $1.7 million in the period. For the year, the company reported profit of $7.6 million ... Associated Press News  

Oil Ends up, Hitting 7-Week Highs on Elusive Trade Deal   Nov 15, 2019
Investing.com – The we’ll-have-a-trade-deal-soon mantra provided a floor for oil again Friday, pushing crude prices to seven-week highs, even as Chinese media disputed Beijing’s willingness to commit to the kind of U.S. agricultural purchases. Prices of U.S. West Texas Intermediate and London’s Brent rose by nearly 2% each, egged on by ... YAHOO!  

Fredericton woman warns people to be cautious when purchasing CBD oil   Nov 15, 2019
A Fredericton woman is warning people to be cautious when purchasing CBD oil. Starlit Simon first purchased the Natural Remedy-branded CBD oil four months ago to help with her anxiety. CBC.ca  

EnLink's 20% Yield Is Everything Wrong With America's Pipelines   Nov 15, 2019
EnLink operates gathering and processing pipelines and other oil and gas infrastructure across several onshore U.S. basins. In the summer of 2018, Devon Energy Corp., an exploration and production company, sold its stakes in various EnLink entities to Global Infrastructure Partners for just over $3.1 billion. After a subsequent simplification ... YAHOO!  

Dodge & Cox Buys Encana, Acquires More Occidental   Nov 15, 2019
The mutual fund, which is valued at $121.53 billion as of the quarter's end, holds shares in 181 stocks and has a turnover rate of 5%. The company's largest new buy of the quarter was Encana Corp. (NYSE:ECA). Occidental Petroleum Corp. (NYSE:OXY) acquired Anadarko Petroleum Corp. (NYSE:APC) during the quarter, so Dodge & Cox's Anadarko shares ... YAHOO!  

Oil Markets Ignore Worrying OPEC Projections   Nov 15, 2019
It was a big week for oil market data and projections this week, with both OPEC and the IEA releasing some key reports for the industry. Despite this influx of new data, oil is set to close out the week little changed from a week earlier. It was a relatively quiet week in terms of volatility, with the U.S.-China trade war maintaining its firm ... OilPrice  

Exxon Mobil (NYSE:XOM) Thinks This Is Canada’s Best Oil Stock   Nov 15, 2019
Exxon Mobil Corporation (NYSE:XOM) is widely regarded as one of the best capital allocators in the industry. While the company’s stock has struggled due to the latest oil price collapse, its long-term record of return on equity and free cash flow generation is unparalleled. Its ability to serve its 5% dividend while repurchasing billions in ... YAHOO!  

ARC Resources: An Early Holiday Gift   Nov 15, 2019
But management also manages leases that produce rich gas needing further processing for profitable margins. As with Antero Resources and Range Resources (RRC), should pricing indicate that dry gas is more profitable, then the company simply shifts drilling to the dry gas areas until the commodity picture changes. Incremental costs are different ... Seeking Alpha  

U.S. oil producers to slash spending for second straight year in 2020   Nov 15, 2019
For a graphic on slowing U.S. crude production, see: here Occidental Petroleum Corp said it plans to slash capital spending by 40% next year to about $5.4 billion to generate cash and help pay down debt taken on to buy rival Anadarko Petroleum Corp. Apache Corp expects to cut its upstream capital by 10% to 20% from this year’s $2.4 billion ... Reuters  

Why Even Saudi Aramco Is Now Talking About ‘Peak Oil’   Nov 15, 2019
No. The peak oil that’s talked about today is quite different from the concept that emerged in the 1950s, when M. King Hubbert, a Royal Dutch Shell Plc geologist, predicted that U.S. oil production would crest in the 1970s and the world would physically run out of oil. That hasn’t happened, and new discoveries and efficiency gains at ... Bloomberg  

Politics drives domestic shares higher; FTSE cheers trade signs   Nov 15, 2019
The main index inched 0.1% higher, boosted by miners .FTNMX1770, as well as oil majors BP (BP.L) and Shell (RDSa.L), after White House economic adviser Larry ... after Britain’s competition watchdog said it could accept undertakings offered by the company and Italy’s TrenItalia for the West Coast rail franchise. Struggling floor coverings ... Reuters  

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