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The MCT oil market will register a CAGR of over 6% by 2022   Jan 16, 2019
The growing demand for supplements is a major driving factor for MCT oil, as it is widely used in supplements across the world. The aging population is being increasingly health conscious about ... Yahoo Finance  

BASF co-founds global Alliance to End Plastic Waste   Jan 16, 2019
The following companies are the founding members of the Alliance to End Plastic Waste: BASF, Berry Global, Braskem, Chevron Phillips Chemical Company LLC, Clariant, Covestro, CP Group, Dow, DSM, ExxonMobil, Formosa Plastics Corporation USA, Henkel ... MarketWatch  

Oil Price Fundamental Daily Forecast – Offsetting Fundamentals Setting Up Rangebound Trade   Jan 16, 2019
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are trading higher on Wednesday, supported by the OPEC-led supply cuts and hopes of fresh stimulus from China. Yahoo Finance  

An investor explains the big New Mexico bet by this Denver oil and gas company   Jan 16, 2019
Alberta, Canada-based Encana Corp. (NYSE: ECA), which has its U.S. operations office in Denver, sold its assets in the Rocky Mountains to invest heavily in Texas oil fields. DJR Energy wasn't looking to add to the 168,000 acres it had acquired in 2017 in ... The Business Journals  

Will The U.S. Seek Zero Iranian Oil Exports Once Waivers Expire?   Jan 16, 2019
Despite the fact that the U.S. is not looking to grant any waivers to Iranian oil customers when the current ones expire in early May, it shouldn’t be taken for granted that no waivers will be ... OilPrice  

Oil gains with Wall Street, but rising U.S. fuel stocks weigh   Jan 16, 2019
NEW YORK (Reuters) - Oil prices edged higher on Wednesday, buoyed by a U.S. equity market rally and a supply cut agreement by OPEC+, but gains were limited by data showing growing U.S. refined product inventories and record crude production. Brent crude ... Reuters  

Global Shale Oil Market to 2025: Segmentation by Product Types, Applications and Regional Analysis   Jan 16, 2019
Various companies like Royal Dutch Shell, Exxon Mobil, Bp, Continental Resources, Concho Resources, Hess Corporation, Occidental Petroleum, Anadarko, Marathon Oil, Chevron, Conocophillips, Equinor, Chesapeake Energy, Eog Resources, Pioneer Natural ... MarketWatch  

Crude Oil Price Update – Short-Term Pivot at $52.44 Controlling Direction   Jan 16, 2019
U.S. West Texas Intermediate crude oil futures are trading lower on Wednesday, shortly before the release of a weekly government storage report. The markets are giving back some of yesterday’s ... Yahoo Finance  

Husky Energy to receive majority support in MEG takeover bid -sources   Jan 16, 2019
Jan 16 (Reuters) - Husky Energy Inc expects to secure over 50 percent support from MEG Energy shareholders for Husky’s unsolicited offer to take over the rival oil producer by Wednesday’s deadline, people familiar with the situation told Reuters. Reuters  

UPDATE 1-Canada's Husky Energy to receive majority support in hostile MEG takeover -sources   Jan 16, 2019
Jan 16 (Reuters) - Husky Energy Inc expects to secure over 50 percent support from MEG Energy shareholders for Husky’s C$3.3 billion ($2.5 billion) unsolicited offer to take over the rival oil ... Reuters  

Can Mozambique Avoid The ‘Resource Curse’?   Jan 16, 2019
On Monday morning, Mozambican soldiers opened fire to disperse protesters calling for natural gas projects to be suspended until more pressing issues, particularly fundamentalist insurgents ... OilPrice  

Natural Gas Price Fundamental Daily Forecast – Will Investors Buy Strength, or Play for Pullback into Support?   Jan 16, 2019
Natural gas futures are trading higher Wednesday, shortly before the regular session opening. Buyers are trying to mount a comeback following early session weakness. The weather is likely to ... Yahoo Finance  

Husky Is Likely to Win Support to Extend MEG Bid Deadline   Jan 16, 2019
Husky Energy Inc. is expected to win support to extend a deadline to persuade shareholders to back its hostile bid for rival oil-sands producer MEG Energy Corp., despite falling short of winning outright support for the offer, according to people familiar ... Bloomberg L.P.  

Chevron’s Gorgon Outage Set To Boost Asian LNG Prices   Jan 16, 2019
Chevron Corporation has temporarily suspended train 3 of its Gorgon liquefied natural gas (LNG) plant in Australia—a development expected to boost Asian LNG prices that hit an eight-month low ... OilPrice  

Total: Egina Start-Up, $1B Capex Savings   Jan 16, 2019
As a reminder, I use two groups composed of O&G supermajors. The first one includes ExxonMobil (XOM), Chevron (CVX), BP (BP), and Royal Dutch Shell (RDS.A, RDS.B), the second one encompasses all ... Seeking Alpha  

Two New Supermajors Join Vakt Blockchain Platform   Jan 16, 2019
Total and Chevron have joined the Vakt blockchain-based trading platform that BP and Shell launched last year ... platform in November last year. Big Oil has been eager to embrace the digital ... Crude Oil Prices  

Can The U.S. Keep Its Nuclear Industry Afloat?   Jan 16, 2019
As many other countries are working on building up their nuclear industries, in the United States nuclear simply can’t compete with cheap natural gas and other renewables growing more affordable ... OilPrice  

Alliant Energy selected for 2019 Bloomberg Gender-Equality Index   Jan 16, 2019
provides regulated energy service to 960,000 electric and 410,000 natural gas customers across Iowa and Wisconsin. Alliant Energy's mission is to deliver the energy solutions and exceptional ... Yahoo Finance  

Trump administration considering Venezuela oil sanctions - Platts   Jan 16, 2019
The White House National Security Council has told some U.S. refiners that sanctions on Venezuelan crude exports are under consideration, a signal that opposition to sanctions on Venezuela's oil ... Seeking Alpha  

Air Products Recognized for Commitment to Advancing Women in the Workplace with 2019 Bloomberg Gender-Equality Index Selection   Jan 16, 2019
Air Products is also the world's leading supplier of liquefied natural gas process technology and equipment. NOTE: This release may contain forward-looking statements within the safe harbor ... Yahoo Finance  

Is Murphy Oil Corporation’s (NYSE:MUR) CEO Paid Enough Relative To Peers?   Jan 16, 2019
In 2013 Roger Jenkins was appointed CEO of Murphy Oil Corporation (NYSE:MUR). This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar ... Yahoo Finance  

Oil falls, weighed by rising U.S. fuel stocks, crude output   Jan 16, 2019
NEW YORK (Reuters) - Oil prices edged lower on Wednesday after data showed growing U.S. refined product inventories and record crude production, which could undermine global efforts to support prices. Brent crude LCOc1 futures fell 44 cents, or 0.7 percent ... Reuters  

Nigerian opposition candidate seeks to privatise state oil firm   Jan 16, 2019
LAGOS (Reuters) - Nigeria’s main opposition candidate for president said on Wednesday he would seek to privatise the state oil company and other government assets if elected next month, while ... Reuters  

Andeavor Logistics to Release 2018 Fourth-Quarter and Full-Year Financial Results February 7   Jan 16, 2019
The Gathering and Processing segment consists of crude oil gathering systems and pipelines as well as natural gas gathering pipelines, processing facilities and fractionation facilities. Yahoo Finance  

Oil Slides as U.S. Production Surge Stokes Fears of Global Glut   Jan 16, 2019
(Bloomberg) -- Oil prices gave up their gains Wednesday as U.S. production surged and fuel inventories climbed, stoking fears about an oversupply of crude. American oil drillers pumped a record 11 ... Yahoo Finance  

Glass Lewis Recommends Luby’s Shareholders Reject Almost All of Bandera’s Nominees   Jan 16, 2019
including the costs of natural gas and other energy supplies; changes in the availability and cost of labor; the seasonality of Luby’s business; changes in governmental regulations, including changes in minimum wages; the effects of inflation ... Associated Press  

These Factors Make Occidental Petroleum Corporation (NYSE:OXY) An Interesting Investment   Jan 16, 2019
Building up an investment case requires looking at a stock holistically. Today I’ve chosen to put the spotlight on Occidental Petroleum Corporation (NYSE:OXY) due to its excellent fundamentals ... Yahoo Finance  

Crude Oil Inventory Draw Fails To Move Market   Jan 16, 2019
The Energy Information Administration reported a crude oil inventory decline of 2.7 million barrels for the week to January 11 but the report failed to have any palpable effect on oil prices. OilPrice  

Crescent Point Trims 2019 Capex: What Else Should You Know?   Jan 16, 2019
Considering the current state of affairs in the Canadian oil industry, a few other Canadian companies like Canadian Natural Resources Limited CNQ and Cenovus Energy Inc. CVE have also slashed ... Yahoo Finance  

Oil Service Q4 Earnings Preview: What Investors Need to Know   Jan 16, 2019
As is the norm, oil services companies – providers of technical products and services to drillers of oil and gas wells – will kick off the fourth-quarter earnings season for U.S. energy firms. Yahoo Finance  

B.C. Carbon Footprint Grows Despite Environmental Lobby   Jan 16, 2019
B.C.’s shift to cleaner energy has pitted the province against neighbor Alberta, which produces most of Canada’s oil and supplies B.C. with natural gas. British Columbians have been protesting ... OilPrice  

Equinor Wins 29 Licenses in NCS, Finds Gas in Ragnfrid North   Jan 16, 2019
The list of other companies that won exploration licenses comprises ConocoPhillips COP, Royal Dutch Shell, France’s TOTAL S.A., and others. New Discovery Equinor discovered natural gas and ... Yahoo Finance  

Jacobs Engineering Keeps a Hand in U.S. Refining with $1.6 Billion in Active Projects, an Industrial Info News Alert   Jan 16, 2019
Within this article: Details on some of the highest-valued U.S. refining projects involving Jacobs, including those from major companies such as Husky Energy Incorporated, Royal Dutch Shell plc, ArcLight Capital Holdings LLC, BP plc and Suncor Energy ... The Business Journals  

UPDATE 8-Oil steady as worries over global economy, supply glut weigh   Jan 16, 2019
LONDON, Jan 16 (Reuters) - Oil prices steadied on Wednesday after climbing about 3 percent in the previous session, with worries about the global economy and forecasts of swelling U.S. production ... Reuters  

Norway's northernmost oil find could start production in 2026 -OMV   Jan 16, 2019
SANDEFJORD, Norway, Jan 16 (Reuters) - Austria’s OMV and partners plan to invest up to $6 billion initially to develop the Arctic Wisting oil find, Norway’s northernmost oil discovery, which ... Reuters  

Bitcoin Inches Down as Chevron, Total Join Oil Blockchain Platform   Jan 16, 2019
Investing.com - Cryptocurrency prices fell slightly on Wednesday, while oil giants Chevron (NYSE:CVX) and Total joined blockchain-based platform Vakt. The company is one of the first blockchain ... Yahoo Finance  

Chevron halts operations at Gorgon LNG's Train 3   Jan 16, 2019
Chevron (NYSE:CVX) says it has temporarily halted Train 3 at its Gorgon liquefied natural gas project in Western Australia to address a mechanical issue; trains 1 and 2 continue to produce LNG and ... Seeking Alpha  

Imperial Is Solid, But Is It The Best Energy Producer To Hold?   Jan 16, 2019
Imperial Oil is Canada's largest refiner of petroleum products and a leading marketer of fuels, lubricants, asphalts and specialty products. The company has a presence in both upstream and ... Seeking Alpha  

BP Cuts Down Oil & Gas Exploration Operations off Nova Scotia   Jan 16, 2019
BP plc BP is downsizing oil and gas exploration plans off Nova ... The move follows after the company failed to drill four wells within the first phase of its exploration license, which is ... Yahoo Finance  

Global Shale Gas Industry Analysis, Size, Market share, Growth, Trend and Forecast to 2025   Jan 16, 2019
Global Shale Gas market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Anadarko Petroleum Corporation Antero Resources Corporation Chesapeake Energy ... MarketWatch  

BASF co-founds alliance to tackle plastic waste in the environment   Jan 16, 2019
Other companies in the alliance include Chevron Phillips Chemical Company CVX, +0.36% ExxonMobil XOM, +0.06% Mitsui Chemicals 4183, -0.61% and Total. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. MarketWatch  

Chevron Phillips Chemical joins new global alliance pledging more than $1 billion against unchecked plastic waste   Jan 16, 2019
Chevron Phillips Chemical Company LLC is equally owned indirectly by Chevron Corporation and Phillips 66, and is headquartered in The Woodlands, Texas.For more information about Chevron Phillips Chemical, visit www.cpchem.com. Also, follow us on Twitter ... MarketWatch  

UPDATE 1-Nigeria opposition candidate Abubakar says committed to privatising state oil firm   Jan 16, 2019
LAGOS, Jan 16 (Reuters) - The presidential candidate for Nigeria’s main opposition party said on Wednesday he was committed to privatising the state oil company, weeks ahead of the election that ... Reuters  

 Atiku Abubakar has expressed his intention of privatizing Nigerian National Petroleum Corporation if elected.


CNOOC Limited Announces Huizhou 32-5 Oilfield Comprehensive Adjustment/Huizhou 33-1 Oilfield Joint Development Project Commences Production   Jan 16, 2019
including but not limited to those associated with fluctuations in crude oil and natural gas prices, the exploration or development activities, the capital expenditure requirements, the business ... Yahoo Finance  

New global alliance commits over $1.0 billion USD to help end plastic waste in the environment; sets goal of investing $1.5 billion USD   Jan 16, 2019
The following companies are the founding members of the Alliance: BASF, Berry Global, Braskem, Chevron Phillips Chemical Company LLC, Clariant, Covestro, Dow, DSM, ExxonMobil, Formosa Plastics Corporation USA, Henkel, LyondellBasell, Mitsubishi Chemical ... The Business Journals  

RPT-U.S. union boss heads to oil contract talks after win for steelworkers   Jan 16, 2019
HOUSTON, Jan 16 (Reuters) - Buoyed by concluding a big pay raise for steel workers last month, a United Steelworkers union top negotiator squares off on Wednesday against oil companies seeking to win a 24 percent wage hike for 30,000 refinery and chemical ... Reuters  

Nigeria's Abubakar to Sell `Mafia' State Oil Firm If Elected   Jan 16, 2019
Nigeria’s main opposition presidential candidate, Atiku Abubakar, said he’ll sell the state oil company, which he called a “mafia,” and liberalize the economy if he wins office next month, using private investors to drive growth and create jobs. Bloomberg L.P.  

Genesee & Wyoming Reports Traffic for December 2018   Jan 16, 2019
Petroleum products traffic increased 1,819 carloads, or 21.3%, primarily due to increased shipments of liquid petroleum gases and natural gas liquids in G&W’s Western and Northeast regions. Yahoo Finance  

Exxon to be Indonesia's biggest oil producer in 2019 -regulator   Jan 16, 2019
* Exxon Mobil Corp unit Exxon Mobil Cepu Limited is expected to produce 216,000 barrels per day of crude oil in 2019, making it Indonesia’s biggest oil producer, the country’s upstream oil and gas regulator (SKKMigas) said * In second place Chevron ... Reuters  

Nigeria opposition candidate Abubakar says committed to privatizing state oil firm   Jan 16, 2019
LAGOS (Reuters) - Nigeria’s main opposition party presidential candidate Atiku Abubakar said on Wednesday he is committed to privatizing state oil company Nigerian National Petroleum Corporation. Reuters  

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