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Iran, Venezuela may complicate global oil deal talks - Kazakhstan   Jun 24, 2019
ST PETERSBURG (Reuters) - Talks between OPEC and its allies next month about whether to extend their pact on cutting oil supplies "won't be easy" and may be complicated by the situation facing Iran and Venezuela, Kazakh Energy Minister Kanat Bozumbayev said. Finance Yahoo  

Shell's lead in bidding for Dutch Eneco increases as Enel, Total drop out - sources   Jun 24, 2019
LONDON (Reuters) - A domestic consortium set up by Royal Dutch Shell and pension fund manager PGGM has taken a bigger lead in the race for Dutch energy company Eneco as two other contenders have dropped out, sources close to the matter said. French oil and ... Yahoo Finance UK and Ireland  

Athabasca Oil Is Reducing Risk By Keeping A Lot Of Cash   Jun 24, 2019
Operating expenses still need some work though. Major competitors such as Cenovus Energy (CVE) report much lower operating expenses per BOE. In theory there could be as much as a potential 50% ... Seeking Alpha  

These 2 Energy Giants Are Teaming Up to Make a $15 Billion Bet on Plastics   Jun 24, 2019
That allowed the company to rapidly expand over the past decade as it took advantage of North America's abundance of low-cost oil and natural gas, which are key raw materials used to make plastics. An acquisition of Nova Chemicals by CPChem would expand ... Yahoo New Zealand  

Permian Witnesses Oil Rig Count Decline in 9 of 10 Weeks   Jun 24, 2019
In its weekly release, Baker Hughes, a GE company BHGE reported a decline in weekly rig count in the United States. More on the Rig Count Baker Hughes’ data, issued at the end of every week ... Yahoo Finance  

Supply Glut Drives Natural Gas Prices to Lowest Since 2016   Jun 24, 2019
The U.S. Energy Department's weekly inventory release showed another larger-than-expected increase in natural gas supplies. The bearish injection, which was also higher than the five-year average ... Yahoo Finance  

Hedge Funds Halt Selloff In Oil As Mid-East Tensions Spike   Jun 24, 2019
Hedge funds essentially stopped the sell-off in oil futures contracts last week as the rising tension between the United States and Iran overtook fears of a global economic slowdown. According to ... OilPrice  

Trump Questions U.S. Defense of Oil in Strait After Iran Attacks   Jun 24, 2019
(Bloomberg) -- President Donald Trump questioned U.S. protections of oil-shipping routes in the Strait of Hormuz, as tension flares with Iran following the Tehran’s alleged attacks on tankers ... Yahoo Finance  

Comstock to Snap Up Cover Park to Boost Haynesville Acreage   Jun 24, 2019
Other explorers like Chesapeake Energy CHK, Encana Corporation ECA and Murphy Oil MUR, which were once majorly gas-weighted, have slowly started pumping more oil to gain from the rebounding crude ... Yahoo Finance  

Stocks start the week sideways ahead of trade talks   Jun 24, 2019
Energy companies were also among the early losers. Occidental Petroleum fell 1.2% and Marathon Petroleum fell 1.3%. KEEPING SCORE: The S&P 500 index rose slightly as 10:10 a.m. Eastern time. The Dow Jones Industrial Average rose 56 points, or 0.2% ... Houston Chronicle  

WoodMac: Exxon Mobil's Norway sale could be substantial   Jun 24, 2019
Norway's Equinor is the operator on many of the assets. RELATED: ConocoPhillips sells UK North Sea assets for $2.68B It's believed that a number of growing private and independent energy firms focused on the North Sea would be interested in the assets. Houston Chronicle  

UPDATE 2-Quake of magnitude 7.5 shakes East Timor, Australia; no tsunami feared   Jun 24, 2019
"We ended up wandering outside for about 15 minutes to let things settle down," he said. ConocoPhillips, operator of the Darwin LNG (liquefied natural gas) plant, and Inpex, operator of Ichthys ... Yahoo Finance  

U.S. Crude Hits Highest Weekly Gain in 30 Months: 5 Picks   Jun 24, 2019
Story continues Anadarko Petroleum Corp. APC engages in the exploration, development, production, and marketing of oil and gas properties. It operates through three segments: Exploration and ... Yahoo Finance  

Occidental Petroleum cut at Stanley as high leverage adds to oil price risk   Jun 24, 2019
Occidental Petroleum (NYSE:OXY) -0.8% pre-market as Morgan Stanley downgrades shares to Equal Weight from Overweight with a $55 price target, cut from $69, foreseeing "outsized risk" to the stock ... Seeking Alpha  

Chevron Phillips, Qatar to build Middle East's biggest ethylene plant   Jun 24, 2019
Qatar Petroleum signs an agreement with Chevron Phillips Chemical (CVX, PSX) to develop a new petrochemicals complex that would be the biggest facility in the Middle East for processing ethane ... Seeking Alpha  

Australia: Gladstone LNG exports down in May   Jun 24, 2019
The LNG export plants located on Curtis Island include Shell’s Queensland Curtis LNG, Santos Gladstone LNG, and the ConocoPhillips-operated Australia Pacific LNG terminal. LNG World News  

Patterson-UTI Energy Announces Second Quarter Earnings Conference Call and Webcast   Jun 24, 2019
About Patterson-UTI Patterson-UTI is a provider of oilfield services and products to oil and natural gas exploration and production companies in North America, including market leading positions ... Yahoo Finance  

These experts think oil demand won't peak until 2035   Jun 24, 2019
Hong Kong (CNN Business)Global oil demand is likely to keep growing for at least another 15 years before emerging economies catch up to the shift from hydrocarbons to electric power, a leading consultancy said on Monday. "At some point in the next 20 years ... CNN.com  

Wood Mackenzie: Mozambique LNG one of top three sanctions this year   Jun 24, 2019
Anadarko’s Mozambique LNG project is deemed as one of the top three most valuable oil and gas sanctions taken this year, according to consultancy group Wood Mackenzie. U.S. independent Anadarko and its co-venturers in Mozambique’s Offshore Area 1 ... LNG World News  

Filling Iran oil gap in India: U.S. supplies outshine Middle East crude   Jun 24, 2019
NEW DELHI (Reuters) - A surge in India's oil imports from the United States outpaced growth in shipments from its traditional suppliers in the Middle East, after Washington imposed sanctions on ... Yahoo Finance  

3 Energy Dividends You Shouldn't Overlook   Jun 24, 2019
The utility business has been more unpredictable than most investors expected as rooftop solar eats into demand, and cheap natural gas challenges the economics of aging fossil fuel plants. Yahoo Finance  

Iranians say their ‘bones breaking’ under US sanctions   Jun 24, 2019
The riches part is true — Iran is home to the world’s fourth-largest proven reserve of crude oil and holds the world’s second-largest proven reserve of natural gas, after Russia. But under Trump’s maximum-pressure campaign, the U.S. has cut off ... Associated Press  

Oil Climbs to a Three-Week High as U.S.-Iran Tensions Simmer   Jun 24, 2019
(Bloomberg) -- Oil rose to the highest level in more than three weeks as political tensions between the U.S. and Iran continued to simmer, with President Donald Trump announcing plans for further ... Yahoo Finance  

How Clean Is “Freedom Gas”?   Jun 24, 2019
However, that is greatly contested because of the leaks of methane that occur along the entire natural gas supply chain – at the wellhead, at compressor stations, along pipelines, etc. OilPrice  

Africa Oil & Power to Honor Senegal President as “Africa Oil Man of the Year”   Jun 24, 2019
Africa Oil & Power will present the award to H.E. Macky Sall at its annual conference in Cape Town H.E. Macky Sall is renowned for his efforts to revive Senegal's economy and create an attractive market for oil and gas H.E. Macky Sall will provide a ... Yahoo Singapore Finance  

Medical groups warn climate change is a ‘health emergency’   Jun 24, 2019
While the groups call for a reduction in petroleum and natural gas use in transportation, they do not go as far as several of Biden’s rivals in supporting an outright ban on the oil and gas extraction technique known as hydraulic fracturing, or fracking ... Associated Press  

The Fossil Fuel Industry Is Quietly Undermining Global Climate Talks   Jun 24, 2019
Fossil fuel industry giants such as ExxonMobil and Royal Dutch Shell are maintaining an outsized presence at global climate discussions, working to undermine scientific consensus and slow policy progress, according to findings released Wednesday by an ... Bloomberg L.P.  

Qatar Petroleum enlists Chevron for huge petrochemical project   Jun 24, 2019
Qatar lifted a moratorium on the development of the North Field, the world's biggest natural gas field, which it shares with Iran, in April 2017 and announced a new project to develop its southern section, increasing output in five to seven years. Yahoo Finance UK and Ireland  

Oil prices rise as US threatens new sanctions on Iran   Jun 24, 2019
Oil prices continued to rise on Monday morning as the USA prepares to announce new sanctions on Iran. Crude and brent prices have spiked in recent weeks after a US drone was shot down by Iran and ... Yahoo Finance  

Chances of US-Iran tensions escalating are 'very, very high,' says former advisor to Tehran   Jun 24, 2019
More than one-quarter of global liquefied natural gas trade transited the Strait of Hormuz in 2018 and there are limited options to bypass the waterway, according to the U.S. Energy Information Administration. Asked if Iran might withhold from threats to ... Yahoo Singapore Finance  

Oil cooperation more important now than ever - Russian energy minister   Jun 24, 2019
ST PETERSBURG (Reuters) - International cooperation on crude production has helped stabilise oil markets and is more important now than ever, Russian Energy Minister Alexander Novak said on Monday. The Organization of the Petroleum Exporting Countries and ... Yahoo Singapore Finance  

Gasnor to supply LNG to Hurtigruten vessels until 2030   Jun 24, 2019
According to the company’s statement, Hurtigruten is scheduled to start rebuilding six vessels from this winter to run on a combination of LNG, battery packs, and liquid biogas (LBG) – replacing engines which run on marine gas oil. The vessels in ... LNG World News  

Oil prices climb as U.S.-Iran tensions mount   Jun 24, 2019
TOKYO (Reuters) - Oil prices rose on Monday to extend gains from last week, bolstered as tensions remain high between Iran and the United States after U.S. Secretary of State Mike Pompeo said "significant" sanctions would be announced on Tehran. Brent ... Finance Yahoo  

Lower for longer: Supply glut in focus as Asia's biggest coal meet begins   Jun 24, 2019
A major culprit is the expansion of the use of cheap natural gas in Europe, said an energy trader in Singapore. "Cheap gas in the United States is moving into Europe and that is pushing coal from South Africa and Colombia across to Asia. Russia has also ... Yahoo Singapore Finance  

AP FACT CHECK: Obama is a silent partner in Trump’s boasts   Jun 24, 2019
What they were doing to our energy should never be forgotten. The United States is now the No. 1 producer of oil and natural gas anywhere in the world.” — Orlando rally. TRUMP: “We’re now No. 1 in the world in energy.” — Fox News interview ... Associated Press  

Oil Price Fundamental Weekly Forecast – Gains Could Be Limited with US Preparing to Negotiate With Iran   Jun 24, 2019
The same factors that drove U.S. West Texas Intermediate and international-benchmark Brent crude oil futures higher last week will be at the forefront this week so traders should brace for ... Yahoo Finance  

The 100-Year Old Wildcatter Poised For A Breakout   Jun 24, 2019
Noble Energy, (NYSE: NBL) is a company I’ve had my eye on for a while. Recently they had been trading as high as 8X earnings and I thought that was a little overvalued. My patience has been ... Crude Oil Prices  

Exxon-Qatar venture among 12 companies vying for Bangladesh LNG project - document   Jun 24, 2019
DHAKA (Reuters) - A joint venture of Qatar Petroleum and Exxon Mobil Corp is among 12 firms that have indicated interest in building Bangladesh's first onshore liquefied natural gas (LNG) import terminal, according to an official document reviewed by Reuters. Yahoo Singapore Finance  

Oil Prices Rise Amid U.S.-Iran Tension   Jun 24, 2019
Investing.com - Oil prices gained on Monday in Asia as Middle East tension simmered. U.S. Crude Oil WTI Futures traded 0.6% higher to $57.80 by 11:15 PM ET (03:15 GMT). International Brent Oil ... Yahoo Finance  

SI Research: China Aviation Oil – Weak Oil Prices Bring Forth An Opportunity   Jun 24, 2019
Brent crude oil tumbled last month, triggered by the US government reporting an unexpected surge in the crude inventories coupled with increasing worries of demand slowdown amidst various trade conflicts. Closing at US$60.63 a barrel on 5 June 2019, brent ... Yahoo Singapore Finance  

Global Markets: Asian stocks subdued, oil rises on U.S.-Iran tensions   Jun 24, 2019
TOKYO (Reuters) - Asian shares were off to a cautious start on Monday as investors pinned their hopes on any signs of a thaw in Sino-U.S. trade negotiations while oil prices firmed on worries over ... Yahoo Finance  

Consider Royal Dutch Shell For The Tough Times   Jun 24, 2019
Unlike the independent oil producers such as Pioneer Natural Resources (PXD) and EOG Resources (EOG) and like other oil majors such as Exxon Mobil (XOM) and Chevron (CVX), Shell’s direct ... Seeking Alpha  

Stocks Trade Mixed; Oil Climbs on Iran Tensions: Markets Wrap   Jun 24, 2019
(Bloomberg) -- Stocks in Asia opened mixed, while U.S. futures edged higher, as investors monitor geopolitical risks and plans for the high-stakes meeting between Presidents Donald Trump and Xi Jinping. Oil climbed as the U.S. said it was planning ... Finance Yahoo  

Liquefied Natural Gas Ltd (ASX:LNG) Magnolia LNG Executes Updated EPC Contract with KBR-SKE&C   Jun 24, 2019
Perth, Australia, June 24, 2019 - (ABN Newswire) - Liquefied Natural Gas Limited (ASX:LNG.AX - News) (OTCMKTS:LNGLY - News) (LNGL or the Company) is pleased to advise that its wholly owned subsidiary, Magnolia LNG LLC (Magnolia), has agreed to an updated ... Yahoo7 Finance  

Ohio says shutting Michigan pipeline would impact refineries   Jun 24, 2019
The BP-Husky refinery in suburban Toledo and the Marathon Oil refinery in Detroit along with other refineries would be affected as well, the newspaper reported. Jamal Kheiry, a spokesman for Marathon Petroleum Corp, has said more expensive methods of ... Houston Chronicle  

Oil Gains as New Sanctions Set to Ratchet Up Pressure on Iran   Jun 23, 2019
Oil extended its rally after the U.S. said it was preparing new sanctions against Iran, further escalating tensions between the two states. Futures in New York were up 0.5%, after surging 9.4% last week -- the biggest weekly gain in more than two years. Bloomberg L.P.  

Oil Shoots Up As Iran Says ‘’It’s Ready For War’’   Jun 23, 2019
Nick Cunningham is a freelance writer on oil and gas, renewable energy, climate change, energy policy and geopolitics. He is based in Pittsburgh, PA. Oil was woken out of its slumber by yet ... OilPrice  

Asia Stocks to Start Mixed; Oil Climbs on Iran: Markets Wrap   Jun 23, 2019
Asian stocks looked set for a mixed start to the week amid signs a global rally is stalling. Oil climbed as the U.S. said it was planning sanctions on Iran. Futures in Japan pointed modestly lower, while Hong Kong contracts were little changed. S&P 500 ... Bloomberg L.P.  

Opposition win in Istanbul a blow to Turkey’s Erdogan   Jun 23, 2019
Erdogan was already at odds with Western allies over Turkey’s plans to buy the Russian-made S-400 missile defense system and its challenge of EU-member Cyprus over natural gas drilling rights. Bulut Emiroglu and Ayse Wieting in Istanbul contributed. Associated Press  

Canadian agriculture is using more energy — but more efficiently too   Jun 23, 2019
Now computer programs automatically open and close them as needed. B.C. operators prefer to use natural gas to heat their greenhouses because the carbon dioxide produced helps plants grow, she said. In recognition, the province offers relief grants equal ... CBC.ca  

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