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UPDATE 1-ADNOC awards Japan’s Inpex Corp onshore exploration concession   Mar 17, 2019
In February, it awarded Occidental Petroleum onshore Block 3. ($1 = 3.6728 UAE dirham) (Reporting by Nafisa Eltahir; editing by Emelia Sithole-Matarise) Our Standards:The Thomson Reuters Trust Principles. Reuters  

What are fossil fuels?   Mar 17, 2019
Coal, petroleum and natural gas have been the main sources of energy for centuries, but the health of the planet has paid a heavy price. Fossil fuels supply much of the world's energy, but when burned, their carbon emissions are a main contributor to ... NBC News  

ExxonMobil & BP Eye Homecoming in Alaska LNG With AGDC Deal   Mar 17, 2019
Earlier, subsidiaries of ExxonMobil and BP, along with an affiliate of ConocoPhillips COP were in control of the LNG project until AGDC took over in 2016. Over the 2013-2016 time period ... Yahoo Finance  

OPEC's Barkindo says rebound in oil investments 'very minimal'   Mar 17, 2019
BAKU (Reuters) - The investments needed to ensure stability in the global oil industry are returning after a downturn, but the pace is still slow, OPEC Secretary General Mohammed Barkindo said. Reuters  

An electric Ford F-150 truck? It's a sign of the times   Mar 17, 2019
So, what's different today? It might lie in this definition offered by David Mabee, chief innovation manager at ConocoPhillips: "The data is in service of what you do with your assets, which is to create value." Making things a bit more complex is that the ... CBC.ca  

Going Gaga For Gushers: Oil Producers Set To Boost Permian Basin Production   Mar 17, 2019
PXD), Apache Corporation (NYSE: APA) and Devon Energy Corp (NYSE: DVN) on the oil side, and Range Resources Corp. (NYSE: RRC), Chesapeake Energy Corporation (NYSE: CHK) and Mitchell on the gas side. Yahoo Finance  

Mission underway to retrieve faulty connector blamed for province's largest oil spill   Mar 17, 2019
Around 7 a.m. NT Friday, Husky Energy sent a pair of remotely operated vehicles down into the sea to pick up the faulty connector it says was behind the spill. Offshore board OK's Husky's plan to retrieve faulty connector blamed for oil spill Nearly the ... CBC.ca  

Oil Prices To Skyrocket If U.S. Shale Stalls   Mar 17, 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. A collapse of production in Venezuela ... OilPrice  

Big Oil Has Finally Joined The Digital Revolution   Mar 16, 2019
The oil price crash of 2014 and the global ‘digitalization and disruption’ drive coincided in a rather bizarre way to push the oil industry to seek cost cuts through innovation and new ... Yahoo Finance  

Iran's oil minister blames U.S. for market tensions   Mar 16, 2019
(Reuters) - Iranian Oil Minister Bijan Zanganeh said on Saturday frequent U.S. comments about oil prices had created market tensions, the ministry's news website SHANA reported. U.S. President Donald Trump, who has made the U.S. economy one of his top ... Yahoo Singapore Finance  

Oil Prices Are at Risk of Spiking as the Venezuelan Crisis Deepens   Mar 16, 2019
The global oil market is a delicate thing. While roughly 100 million barrels per day (BPD) move around the world, the slightest change in the level of either supply or demand can wreak havoc on ... Yahoo Finance  

Why Is EQT (EQT) Up 6.7% Since Last Earnings Report?   Mar 16, 2019
Subsequent to the simplification of EQT Corp’s corporate structure, it continues to hold the upstream business, which is the largest producer of natural gas in the United States based on average ... Yahoo Finance  

Royal Dutch Shell: Takeaways From Q4 Results   Mar 16, 2019
This compares very favorably to the $7.275 billion that the company reported in the year-ago quarter. Royal Dutch Shell produced an average of 2.809 million barrels of oil equivalents per day ... Seeking Alpha  

The World’s Biggest Shale Field Is on the Brink of an M&A Boom   Mar 16, 2019
Pressure has mounted on Permian-only and smaller companies in recent weeks. Pioneer Natural Resources Co. and Halcon Resources Corp. replaced their CEOs while names such as Alta Mesa Resources Inc ... Yahoo Finance  

Saudi Arabia’s Delicate Baku Balancing Act   Mar 16, 2019
More trouble in the Alberta oil sands patch … Canadian Imperial Oil Ltd, which is majority owned by Exxon, will have to delay its Apsen oil sands project for another year because the provincial ... Yahoo Finance  

Hydrogen, Not Batteries, Seen As The Fuel For Carbon-Free Trucking In The Long Run   Mar 16, 2019
Most current hydrogen is produced using a process called reforming with natural gas as the fuel and with steam as the source of the hydrogen molecules. But electrolysis is another process that ... Yahoo Finance  

Planned South Texas LNG terminal gets environmental OK   Mar 16, 2019
BROWNSVILLE, Texas (AP) -- Federal regulators have given final environmental approval for a South Texas liquefied natural gas and export terminal in a migratory corridor for rare animals. Yahoo Finance  

Alaska trims forecast for North Slope oil production   Mar 16, 2019
ANCHORAGE, Alaska, March 15 (Reuters) - Alaska North Slope oil production will average 511,500 barrels per day (bpd) for the current fiscal year to June 30, the Alaska Department of Revenue said ... Reuters  

Oil Markets In Limbo Ahead Of OPEC Meeting   Mar 16, 2019
U.S. West Texas Intermediate and international-benchmark Brent crude oil futures are in a position to settle the week higher after hitting new highs for the year earlier in the week. However, Friday’s price action suggests investors are still waiting for ... Yahoo Singapore Finance  

There's No End in Sight for America's Disruption of the Oil Market   Mar 16, 2019
OPEC usually sets the tone for the oil market as the group of oil-producing nations coordinate their oil policies to drive prices in their desired direction. However, America has upended the ... Yahoo Finance  

Is Canada’s Arctic Drilling Ban Hurting Its Oil Industry?   Mar 16, 2019
Canada is lagging behind other oil producers in tapping its offshore oil and gas resources because of the moratorium on drilling in its Arctic waters in place since 2016 and up for review in 2021 ... OilPrice  

Italy Turns Its Back On Russian Gas   Mar 16, 2019
New natural gas discoveries in the Eastern Mediterranean might be a boon for the European Union’s efforts to move away from dependence on Russian energy supplies. In the current complex energy ... OilPrice  

Did You Manage To Avoid Apache’s (NYSE:APA) Painful 57% Share Price Drop?   Mar 16, 2019
Apache Corporation (NYSE:APA) shareholders should be happy to see the share price up 13% in the last month. But that is little comfort to those holding over the last half decade, sitting on a big ... Yahoo Finance  

Exxon Mobil Corporation (NYSE:XOM) Just Showed Why Canadian Oil Sands Stocks Are Dead   Mar 16, 2019
If you’ve been paying attention, you should see these moves as a death blow for Canadian oil sands producers like Canadian Natural Resources (TSX:CNQ)(NYSE:CNQ), Suncor Energy, and Cenovus Energy (TSX:CVE)(NYSE:CVE). Getting to US$15 per barrel for ... Finance Yahoo  

Was 2018 The Peak For Crude Oil Production?   Mar 16, 2019
The following OPEC charts were created with data from the OPEC Monthly Oil Market Report. All OPEC charts are through February 2019 and is in thousand barrels per day. (Click to enlarge) OPEC ... OilPrice  

Liberal Party reviewing alleged assault by man on First Nations woman during Trudeau climate rally   Mar 16, 2019
On Feb. 19, weeks before the rally, Gray and a lawyer from the environmental law group Ecojustice were informed Ontario would not charge Imperial Oil over massive flaring at its Sarnia refinery in February 2017. Gray and Ecojustice filed a complaint ... CBC.ca  

U.S. and Brazil may partner on small nuclear reactors   Mar 16, 2019
The pre-salt area, where billions of barrels of oil and natural gas are trapped beneath a layer of salt under the ocean floor, is one of the world's largest oil finds of recent decades. Yahoo Finance  

U.S. Officials Say the Oil Market Can Withstand No Iranian Exports This Year   Mar 16, 2019
(Bloomberg) -- U.S. officials said the global oil market can withstand the removal of all Iranian crude exports this year, a conclusion that could be pivotal in the coming weeks as President Donald Trump weighs whether to end sanctions waivers granted to ... Finance Yahoo  

Imperial Oil slows $2.6-billion Aspen project, blaming Notley’s production cuts   Mar 16, 2019
Imperial Oil Ltd. (IMO.TO) is putting the brakes on development at its $2.6-billion Aspen project in the Alberta energy patch, citing an uncertain business environment. The Calgary-based company has been a vocal opponent of the provincial government ... Finance Yahoo  

Should We Worry About Eland Oil & Gas PLC’s (LON:ELA) P/E Ratio?   Mar 16, 2019
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). We’ll look at Eland Oil & Gas PLC’s (LON:ELA) P/E ratio and reflect on ... Yahoo Finance  

LNG Canada could approve expansion before natural gas export facility is complete   Mar 16, 2019
One of the most expensive energy projects in Canada could soon get larger. Construction ramped up this month on LNG Canada's massive natural gas export facility in northern B.C., but the consortium is now talking about possible expansion. LNG Canada is a ... CBC.ca  

Exxon Delays $1.9 Billion Canada Project Amid Oil-Sands Woes   Mar 16, 2019
Exxon’s Canadian subsidiary, Imperial Oil Ltd., had originally planned to bring the 75,000-barrel-a-day Aspen project online in 2022, but is now slowing the pace of development at the site in northern Alberta. Any decision to resume normal activity will ... Bloomberg L.P.  

Oil Closes Near 4-Month High After Second Straight Weekly Gain   Mar 16, 2019
(Bloomberg) -- Oil gained for a second straight week as OPEC assured traders it’s committed to culling supplies ahead of a key meeting with allies in Azerbaijan this weekend. Futures advanced 4 ... Yahoo Finance  

The Latest: 16 arrested at NYC student climate protest   Mar 16, 2019
Environmental groups and experts have criticized German government plans to continue using coal and natural gas for decades to come. Vokler Quaschning, one of more than 23,000 German-speaking scientists to sign a letter of support this week for the ... Associated Press  

Husky Energy starts operation to retrieve faulty connector blamed for spill   Mar 16, 2019
Husky Energy (OTCPK:HUSKF +0.4%) has started work on a delicate recovery mission to retrieve a pipeline connector off Newfoundland in an operation critical to restarting production from ... Seeking Alpha  

RPT-Norway's preliminary Jan oil output falls 11 pct yr/yr -NPD   Mar 16, 2019
OSLO, March 15 (Reuters) - Norway’s oil production fell 11.4 percent in February year-on-year to 1.39 million barrels per day and lagged the official forecast for the month by 3.6 percent ... Reuters  

No new natural gas hookups in New York's Westchester County, Con Ed says   Mar 16, 2019
(Reuters) - New York energy company Consolidated Edison Inc said on Friday it still plans to impose a moratorium on new natural gas service in parts of Westchester County after March 15 despite a $250 million plan by the state to reduce energy usage. Reuters  

Shell Outlines First Short-Term Carbon Emission   Mar 16, 2019
Royal Dutch Shell has set its first-ever short-term goals to cut the carbon footprint of its operations and product sales as the oil and gas ... products that the company sells. Crude Oil Prices  

Amazon has a cost-cutting plan for the boom-and-bust oil business, as rival tech giants target energy industry   Mar 16, 2019
"For smaller oil companies, a company like Woodside Oil can have as ... to oil price swings with less pain Big companies like Shell RDSA-NL can quickly scale up processing power if there's a ... Yahoo Finance  

Colorado's oil and gas overhaul bill passes state senate, moves to House   Mar 16, 2019
Colorado's proposed oil and gas overhaul bill, which would change the way the state issues drilling permits, has passed the state senate and moves to the House, where Democrats have a wide ... Seeking Alpha  

Gas refineries pay Vermont settlement over fuel additive   Mar 16, 2019
MONTPELIER, Vt. (AP) — The Vermont attorney general's office says more than two dozen of the country's biggest gasoline refiners, including ExxonMobil and Shell Oil Company, are paying a $3.8 million settlement over the use of the gasoline additive that ... Houston Chronicle  

Italian Oil and Gas Company Will Plant Forests to Make Up for Polluting   Mar 16, 2019
Eni SpA committed to eliminating all carbon dioxide emissions from its oil and gas exploration and production ... from processing traditional fossil fuels to biofuels, the company said. Unlike Shell and Total, Eni didn’t offer any plans to target ... Bloomberg L.P.  

Alberta’s Production Cuts Stall New Oil Sands Projects   Mar 16, 2019
Imperial Oil said on Friday that it had slowed down the development of its Aspen oil sands project, due to the market uncertainty that the mandatory production cuts in Alberta have created. OilPrice  

Canada Funds Clean Technology In Alberta’s Oil Sands   Mar 16, 2019
On Thursday, Canada’s Minister of Natural Resources Amarjeet Sohi announced federal investments of a total of US$54.2 million (C$72.3 million) to Alberta companies Canadian Natural Resources ... Crude Oil Prices  

Former Pioneer CEO exits with $5.5 million severance package   Mar 15, 2019
Pioneer Natural Resources Co. announced Feb. 22 the immediate retirement of CEO Timothy L. Dove — and the departing the oil exploration company executive is slated to receive a severance package worth at least $5.5 million, the Dallas Morning News reported. The Business Journals  

U.S. suspends review on Trafigura oil-port project: official   Mar 15, 2019
HOUSTON (Reuters) - U.S. maritime officials have suspended their review of Swiss trader Trafigura AG’s application for a Gulf Coast deepwater terminal while they await additional information, a U.S. Coast Guard official said on Friday. Trafigura is one ... Reuters  

USD/CAD Daily Price Forecast – USD Gains Momentum on Weak Crude Oil Price   Mar 15, 2019
The USDCAD pair yesterday traded rangebound across Asian session and a majority of Asian session but saw a sharp decline in American market hours owing mixed cues on Sino-U.S. trade talks and ... Yahoo Finance  

Oil Prices Surge To Multi-Month Highs   Mar 15, 2019
Growing instability in Venezuela, and the potential of a slowdown in U.S. shale, has pushed oil prices up to multi-month highs this week. (Click to enlarge) (Click to enlarge) (Click to enlarge ... Yahoo Finance  

UPDATE 1-Dominion to keep Connecticut Millstone nuclear plant in service   Mar 15, 2019
Power prices in New England over the past five years have been the lowest ever, according to Reuters data going back to 2000, due to increasing use of generators fired with cheap natural gas from ... Reuters  

TSB reduces tally of oil spilled by CN freight train in rural Manitoba   Mar 15, 2019
WINNIPEG -- Investigators have reduced their tally of how much oil spilled when a Canadian National freight train derailed last month on a western Manitoba ranch. Earlier this month, the ... Winnipeg CTV News  

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