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Rupee trade option to keep Venezuelan oil flowing   Mar 15, 2019
New Delhi, March 14 (IANS) The government may initiate a barter trade arrangement with Venezuela to prevent disruption of oil supplies from the Latin American country following threats from the ... Yahoo Finance India  

Oil Kings captain Trey Fix-Wolansky signs with the Columbus Blue Jackets   Mar 15, 2019
Edmonton Oil Kings captain Trey Fix-Wolansky has signed a three-year entry level contract with the Columbus Blue Jackets. Fix-Wolansky, 19, was selected 204th overall in the 2018 National Hockey ... CTV Edmonton News  

Canada Digs Deep To Fund Protection From Oil Spills   Mar 15, 2019
Canada’s Minister of Fisheries, Oceans and the Canadian Coast Guard, Sean Casey, will make an important announcement on March 18th concerning funding provided to international organizations to ... OilPrice  

Why Is Marathon Oil (MRO) Up 2.1% Since Last Earnings Report?   Mar 15, 2019
A month has gone by since the last earnings report for Marathon Oil (MRO). Shares have added about 2.1% in that time frame, underperforming the S&P 500. Will the recent positive trend continue ... Yahoo Finance  

Why Brent crude oil prices could go north of $70 despite a cooling economy   Mar 15, 2019
Rising crude prices, which touched a 2019 high on Friday, may not be done just yet. With global oil markets still grappling with the loss of supply from crisis-hit Venezuela and cuts in production from major international crude producers, Goldman Sachs on ... Finance Yahoo  

Gas refineries pay Vermont settlement over fuel additive   Mar 15, 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 ... Associated Press  

Canadian oil firms lament output cuts as rail volumes slip   Mar 15, 2019
HOUSTON (Reuters) - Some Canadian oil executives blame higher crude prices from mandated production curbs for hurting their refining margins and depressing shipments of Alberta crude to U.S ... Reuters  

CERAWEEK-Canadian oil firms lament output cuts as rail volumes slip   Mar 15, 2019
Many in the industry had praised the move as prices rose. But other Canadian companies including Husky Energy Inc and Suncor Energy Inc that both produce and refine oil into fuel had benefited from cheap feedstock for their refineries. Executives at an ... Reuters  

UK Crude Oil Loadings Continue To Drop   Mar 15, 2019
The UK’s crude oil loadings remained below 800,000 bpd for the third month in a row in February, while authorities expect Britain’s crude oil production to decline through at least 2024 ... OilPrice  

Report on artifacts found at pipeline site 'deeply misleading,' Unist'ot'en supporters say   Mar 15, 2019
A hereditary house group of the Wet'suwet'en Nation complained last month that supporters recovered two ancient stone tools and observed other artifacts at the site near Houston, B.C., where Coastal GasLink is building a natural gas pipeline. The company ... CBC.ca  

Exxon Delays $1.9 Billion Canada Project Amid Oil-Sands Woes   Mar 15, 2019
(Bloomberg) -- Exxon Mobil Corp. is delaying a C$2.6 billion ($1.9 billion) oil-sands project in Canada by at least a year as the nation’s energy industry grapples with a shortage of pipeline space and government-mandated production cuts. Exxon’s ... Finance Yahoo  

Exclusive: Exxon eyes Israel gas bid in major Middle East shift   Mar 15, 2019
The country became a producer in 2013 with the launch of the Tamar field, operated by U.S. explorer Noble Energy Inc. Noble is developing the Leviathan and is scheduled to begin production later ... Yahoo Finance  

U.S. Oil Waivers That Rocked Market in 2018 Back to Focus   Mar 15, 2019
Other refiners that have purchased volumes include JXTG Holdings Inc. and Showa Shell Sekiyu ... Sweet Relief From Oil-Money Headache in India While an IOC official said the company is mulling ... Yahoo Finance  

LNG Canada May End Up With Double Its Initial Capacity   Mar 15, 2019
Most recently, LNG Canada made headlines when work on the pipeline that would feed natural gas to the B.C. coast liquefaction facility was halted after a couple of indigenous artifacts were found ... OilPrice  

U.S. envoy says Venezuela oil production dropping steadily   Mar 15, 2019
WASHINGTON (Reuters) - The U.S. special representative for Venezuela said on Friday that Venezuela’s oil exports have been dropping steadily by roughly 50,000 barrels per month and production is likely to dip below a million barrels a day within a ... Reuters  

Factbox: Canadian oil companies cut 2019 capital expenditure   Mar 15, 2019
(Reuters) - Canada’s oil producers lowered their capital expenditures for 2019 due to volatility in crude prices and mandatory production cuts in the province of Alberta. Imperial Oil Ltd said on Friday it would delay its C$2.6 billion ($1.95 billion ... Reuters  

U.S. Oil Explorers Scale Back Drilling as Shale Weakness Emerges   Mar 15, 2019
Oil explorers settled into the deepest drilling hibernation in more than a year as the U.S. shale patch struggles to maintain its explosive growth. Working oil rigs fell by one this week to 833, according to data released Friday by oilfield-services ... Bloomberg L.P.  

Imperial Oil delays oil sands project due to Alberta output cuts   Mar 15, 2019
CALGARY, Alberta (Reuters) - Canada's Imperial Oil Ltd will delay its C$2.6 billion Aspen oil sands project in Alberta by about a year after the provincial government imposed output cuts to tackle pipeline bottlenecks, the company said on Friday. Finance Yahoo  

Oil Prices Shrug As Rig Count Continues To Fall   Mar 15, 2019
The the number of active oil and gas rigs in the U.S. fell once again this week according to Baker Hughes, as oil production fell for the first week this year. The total number of active oil and ... OilPrice  

Subdivision in Eagle County evacuated by gas leak   Mar 15, 2019
The Vail Daily reports that a construction worker ruptured a natural gas line at about 5 p.m. Thursday at Edwards, which is located along Interstate 70 west of Vail. Tracy LeClair of the Eagle River Fire Protection District said the decision was made ... Associated Press  

U.S. oil rig count falls to lowest since April 2018: Baker Hughes   Mar 15, 2019
(Reuters) - U.S. energy firms this week reduced the number of oil rigs operating for a fourth week in a row with drilling slowing to its lowest in nearly a year, prompting the government to cut crude output growth forecasts. Drillers cut one oil rig in the ... Reuters  

Egypt offers four LNG cargoes for April loading as exports soar   Mar 15, 2019
LONDON/SINGAPORE, March 15 (Reuters) - Egypt’s natural gas company EGAS is offering four liquefied natural gas (LNG) cargoes for April loading, two industry sources said on Friday. The tender ... Reuters  

Imperial Oil slows development of Aspen oil sands project   Mar 15, 2019
Imperial Oil (NYSEMKT:IMO) says it has ramped down execution of its Aspen in situ oil sands project given market uncertainty caused by the Alberta government's mandatory oil production cuts and ... Seeking Alpha  

IEA sees oil market flipping into deficit in second quarter   Mar 15, 2019
LONDON (Reuters) - The oil market will flip into a modest deficit from the second quarter of this year, with OPEC possessing a hefty supply cushion to prevent any price rally in case of possible ... Yahoo Finance  

The Homestretch Hits the Road   Mar 15, 2019
On Thursday March 21 Doug Dirks, Jenny Howe and Dave Waddell will be on location at the Inspire Cafe in downtown Medicine Hat as The Homestretch broadcasts live between 3 p.m. and 6 p.m. The city was founded on the natural gas and clay industry ... CBC.ca  

Imperial Oil slows $2.6-billion Aspen project, blaming Notley’s production cuts   Mar 15, 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  

An electric Ford F-150 truck? It's a sign of the times   Mar 15, 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  

Italian Oil and Gas Company Will Plant Forests to Make Up for Polluting   Mar 15, 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.  

All the world a stage: Rising U.S. oil clout on show in Houston   Mar 15, 2019
HOUSTON (Reuters) - A glance at the attendee list at one of the world’s largest energy industry events in Houston this week left little question about the growing influence of the United States over global oil politics. Present: top U.S. diplomat Mike ... Reuters  

California Cities Want Big Oil Lawsuit Back In Court   Mar 15, 2019
San Francisco and Oakland have approached a federal appeals court with a request to reinstate their lawsuits against five Big Oil companies, which a U.S. District Judge dismissed last year. Yahoo Finance  

Investors Should Sell Oasis Petroleum And Buy Whiting Petroleum   Mar 15, 2019
Oasis Petroleum has decided to drill within cash flow in 2019. The company is projecting flat production growth between the fourth quarter of 2018 to the fourth quarter of 2019. Whiting ... Seeking Alpha  

Husky Energy starts operation to retrieve faulty connector blamed for spill   Mar 15, 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  

Shell Teams Up With Eneco to Build Two Dutch Wind Farms   Mar 15, 2019
In fact, amid climate change concerns, other big oil companies like TOTAL SA TOT, Equinor ASA EQR, BP plc BP, Exxon Mobil Corporation and Chevron Corporation have also started reorienting their ... Yahoo Finance  

Colorado's oil and gas overhaul bill passes state senate, moves to House   Mar 15, 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  

IEA Warns Of Looming Oil Market Deficit   Mar 15, 2019
Production outages and Iran and Venezuela will tip the global oil market into a shortage during the second quarter, the International Energy Agency said in the new edition of its monthly Oil ... OilPrice  

Exxon Delays $1.9 Billion Project in Canada Amid Oil-Sands Woes   Mar 15, 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.  

ExxonMobil Eyes Cost Reduction in Permian to Boost Profits   Mar 15, 2019
Competition in the Basin ExxonMobil has Chevron Corporation CVX as a competitor in the region, which also eyes strong growth from the basin. Chevron intends to increase output from the basin to ... Yahoo Finance  

Canadian energy takes back seat at Houston oil conference   Mar 15, 2019
The context was liquefied natural gas (LNG). Not the oilsands, or the need for a pipeline to get Canada's oil to market. That's a marked contrast from last year's event, when Canada was mentioned in the opening press conference held by the International ... CBC.ca  

Natural Gas Services: 4Q Earnings Snapshot   Mar 15, 2019
MIDLAND, Texas (AP) _ Natural Gas Services Group Inc. (NGS) on Thursday reported a fourth-quarter loss of $282,000, after reporting a profit in the same period a year earlier. The Midland, Texas ... Yahoo Finance  

Canadian Natural Resources: The Berkshire Hathaway Of The Oil Sands   Mar 15, 2019
The best way to build wealth is to buy wonderful businesses when their shares are struggling. Investors have given up on Albertan oil sands producers like Canadian Natural Resources Ltd ... Seeking Alpha  

Imperial Oil delays Aspen oil sands project due to Alberta output cuts   Mar 15, 2019
The move has hit companies with refining operations like Imperial Oil and Husky Energy. “We cannot invest billions of dollars on behalf of our shareholders given the uncertainty in the current b ... Reuters  

Imperial Oil slows pace of Aspen oil sands project due to govt output cuts   Mar 15, 2019
March 15 (Reuters) - Canada’s Imperial Oil Ltd said on Friday it had slowed the pace of development of its C$2.6 billion Aspen oil sands project in Alberta due to market uncertainty from the provincial government’s output cuts. “This was a difficult ... Reuters  

Oil demand is beating bearish forecasts and will push prices above $70: Goldman Sachs   Mar 15, 2019
The world's appetite for oil and gasoline is growing faster than many forecasters expected, putting Brent crude on pace to top $70 a barrel, Goldman Sachs says. The investment bank says oil demand grew by 1.55 million barrels per day in January alone, a ... Finance Yahoo  

Imperial ramps down Aspen oil sands project execution   Mar 15, 2019
Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Imperial Oil Limited. Imperial Oil Limited’s actual ... MarketWatch  

Oasis Petroleum To Generate Free Cash Flows At $45 Oil   Mar 15, 2019
Oasis is cutting CapEx for 2019 but still expects production to grow, especially in the Permian. The company can now operate in sub $45 oil-price environment because of advanced completions ... Seeking Alpha  

U.S. oil retreats from 2019 high on soaring production   Mar 15, 2019
LONDON (Reuters) - U.S. crude futures briefly hit a 2019 high on Friday but later retreated along with benchmark Brent oil as worries about the global economy and robust U.S. production put a brake on prices. West Texas Intermediate (WTI) crude oil futures ... Reuters  

Cyclone Idai lashes Mozambican port, hits communications   Mar 15, 2019
Delaware-based energy giant Anadarko and South African petrochemical group Sasol have significant investments in major liquefied natural gas projects off northern Mozambique, but these are currently out of harm’s way. Reuters  

Venezuela's Oil Capital Was Ransacked When the Lights Went Out   Mar 15, 2019
(Bloomberg) -- The sack of Maracaibo was almost over Thursday after a frenzy of violence and looting that showed just how close Venezuela is to total chaos. In the country’s sweltering oil ... Yahoo Finance  

Basic Energy Services to Participate in the Scotia Howard Weil 47th Annual Energy Conference   Mar 15, 2019
limitations on the availability of capital or higher costs of capital and volatility in commodity prices for crude oil and natural gas. Additional important risk factors that could cause actual ... Yahoo Finance  

Why Mozambique's Debt Scandal Has Drawn U.S. Scrutiny: QuickTake   Mar 15, 2019
Its efforts to rebuild and portray itself as one of Africa’s hottest investment destinations were boosted by the discovery of huge natural gas fields off its northern coast. But the government has missed payments on the loans that are under investigation ... Bloomberg L.P.  

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