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U.S. natural gas output, demand seen rising to record highs in 2019   Jan 15, 2019
(Reuters) - U.S. dry natural gas production will rise to an all-time high of 90.19 billion cubic feet per day (bcfd) in 2019 from a record high 83.31 bcfd in 2018, according to the Energy Information Administration’s Short Term Energy Outlook (STEO) on ... Reuters  

U.S. EIA lifts 2019 world oil demand growth forecast   Jan 15, 2019
WASHINGTON, (Reuters) - The U.S. Energy Information Administration on Tuesday raised its 2019 world oil demand growth forecast by 20,000 barrels per day from its previous estimate. In its monthly forecast, U.S. Energy Information Administration says 2020 ... Reuters  

Venture Global urges FERC to OK Louisiana Calcasieu LNG export plant   Jan 15, 2019
(Reuters) - Venture Global LNG Inc urged U.S. energy regulators on Tuesday to approve construction of its planned Calcasieu Pass liquefied natural gas (LNG) export terminal in Louisiana by Jan. 22. Venture Global told the U.S. Federal Energy Regulatory ... Reuters  

Saudi Oil Minister Expects Recession But Isn’t Worried About Oil Prices   Jan 15, 2019
Irina is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing on the oil and gas industry. A global recession is a possibility but it will hardly ... OilPrice  

RE Botanicals Achieves USDA Organic Hemp CBD Milestone   Jan 15, 2019
Whereas the vast majority of today's hemp farming utilizes synthetic chemical fertilizers made from fracked natural gas and are a leading cause of climate change and ocean die off in the gulf of ... Yahoo Finance  

Trump administration still might let Iran export oil, and that could lower prices   Jan 15, 2019
The Trump administration is leaving itself wiggle room to continue allowing Iran to export oil, potentially setting up another catalyst for lower crude prices later this year. The administration's special representative for Iran, Brian Hook, last weekend ... Yahoo Singapore Finance  

Vedanta tells top English court pollution case should be heard in Zambia   Jan 15, 2019
Vedanta’s legal team argued that Zambia was the “natural forum” for the case and said the parent company did not control operations ... not pursue a claim against Royal Dutch Shell in London in relation to oil spills in Nigeria’s Delta region. Reuters  

SoCalGas urges consumers to conserve natural gas during cold snap   Jan 15, 2019
(Reuters) - Southern California Gas Co (SoCalGas) urged consumers to reduce natural gas use until further notice to avoid straining the utility’s system as cold weather blankets parts of its service area. In addition to asking homes and businesses to cut ... Reuters  

Equinor grabs most blocks as Norway awards record oil licenses   Jan 15, 2019
Norway's government says it awarded a record 83 licenses for exploration in mature areas of the Norwegian continental shelf, in a welcome sign of continuing interest in the country’s oil sector ... Seeking Alpha  

UPDATE 1-Mexican oil theft even reached drilling rigs, president says   Jan 15, 2019
MEXICO CITY, Jan 15 (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Tuesday that widespread fuel theft extended to oil drilling platforms and he pledged to take actions to ... Reuters  

CANADA STOCKS-TSX higher as rising oil prices lift energy shares   Jan 15, 2019
On the earnings front, Crescent Point Energy Corp fell 1.1 percent after the oil producer cut its 2019 capital budget by 30 percent compared to last year, blaming the recent decline in oil prices. * Magna International Inc declined 1.53 percent after the ... Reuters  

UPDATE 1-Norway awards 33 oil firms a record number of exploration blocks   Jan 15, 2019
SANDEFJORD, Norway, Jan 15 (Reuters) - Norway awarded 33 oil companies a record 83 blocks to explore for petroleum resources in mature areas of the Norwegian continental shelf, the country’s oil ... Reuters  

Permian Shale Oil Boom Holds Good News and Bad News for OPEC   Jan 15, 2019
(Bloomberg) -- The year has barely begun but it’s already shaping up nicely for OPEC, with crude rebounding sharply after the worst fourth-quarter performance since 2014. A new production cuts ... Yahoo Finance  

Norway awards record 83 exploration licenses in mature areas   Jan 15, 2019
The other companies that received operatorships and stakes in licenses include oil majors Total, Shell and ConocoPhillips, as well as Eni's Norwegian subsidiary Vaar Energy. When announcing the ... Yahoo Finance  

Oil rises 2 percent on supply cuts but global slowdown looms   Jan 15, 2019
LONDON (Reuters) - Oil prices rose around 2 percent on Tuesday amid production cuts by OPEC and Russia as well as signs of lower U.S. oil stocks, but grim Chinese economic data raised fears for global growth. Brent LCOc1 was up $1.13 or 1.92 percent at $60 ... Reuters  

Crescent Point Energy slashes dividend and capital budget   Jan 15, 2019
Crescent Point Energy Corp. has cut its capital budget for this year by about $500 million and slashed its dividend. The company said it will now pay a quarterly dividend of a penny per share, down from three cents per month. However, it says that given ... CBC.ca  

Eni (E) Clinches Exploration Agreement With Oman Government   Jan 15, 2019
Eni SpA E along with partner the state company Oman Oil Company Exploration and Production ... A few better-ranked players in the energy space are Shell Midstream Partners, L.P SHLX and Unit ... Yahoo Finance  

Crescent Point Energy to cut 2019 capex by 30%, lower dividend to $0.01   Jan 15, 2019
Crescent Point Energy (NYSE:CPG) +1.5% pre-market after announcing a 30% reduction in its 2019 capital spending plan while expecting to generate production of 170K-174K boe/day, unchanged from ... Seeking Alpha  

These Countries Found The Most Oil In 2018   Jan 15, 2019
2018 stands already as the best year for global oil and gas exploration since 2015. Guyana, Russia and the United States top the list with major discoveries. Discovered resources have already ... OilPrice  

Oil producer Crescent Point cuts 2019 budget on oil price plunge   Jan 15, 2019
(Reuters) - Canadian oil producer Crescent Point Energy Corp on Tuesday slashed its 2019 capital budget by 30 percent compared to 2018, blaming the recent decline in oil prices. The company sees capital expenditure in the range of C$1.2 billion ($904.70 ... Reuters  

Bangladesh's second LNG terminal to start in March; supply faces hiccups   Jan 15, 2019
SINGAPORE/DHAKA (Reuters) - Bangladesh’s second liquefied natural gas (LNG) terminal is expected to start operations in mid-March though domestic pipeline constraints means it will be unable to fully supply gas demand to the country’s capital Dhaka. Reuters  

Heating oil up, gas prices unchanged on P.E.I.   Jan 15, 2019
Heating oil prices are up for the second time in less than a week on P.E.I. with the regular mid-month petroleum product prices review from the Island Regulatory and Appeals Commission. Gas prices, which went up last week in an unscheduled adjustment, did ... CBC.ca  

Oil prices rise on supply cuts, but global slowdown looms   Jan 15, 2019
LONDON (Reuters) - Oil prices rose on Tuesday amid supply cuts by producer club OPEC and Russia, although a darkening economic outlook may soon weigh on growth in fuel demand. Brent crude oil futures LCOc1 were at $59.47 per barrel at 0950 GMT, up 48 cents ... Reuters  

Industry-led effort commits $1B to curb plastic pollution   Jan 15, 2019
LyondellBasell of Houston, Chevron Phillips Chemical of The Woodlands, ExxonMobil of Irving as well as BASF, Shell Chemical, Dow and Procter and Gamble are among the two dozen companies forming a nonprofit called Alliance to End Plastic Waste, according to ... Houston Chronicle  

Enerplus to Report Fourth Quarter and Full-Year 2018 Results February 22   Jan 15, 2019
CALGARY , Jan. 15, 2019 /CNW/ - Enerplus Corporation ("Enerplus") (ERF.TO) (ERF) will be releasing operating and financial results for the fourth quarter and full-year 2018 prior to market open on ... Yahoo Finance  

Oil Gains as U.S. Stockpiles Seen Falling, China Plans Tax Cuts   Jan 15, 2019
(Bloomberg) -- Oil rose amid estimates of another decline in U.S. crude inventories and signs that China is stepping up efforts to combat an economic slowdown. Futures in New York climbed as much as 1.6 percent after dropping 4 percent over the past two ... Finance Yahoo  

 US crude inventories are staying near their lowest level since early November – seems to be the main factor helping oil prices advance recently.


Oil Wildcats to Watch for Signs of Asia Drilling Rebound   Jan 15, 2019
(Bloomberg) -- After a few fallow years, oil and gas drillers may be poised to unearth new reserves in the Asia-Pacific, according to energy consultant Wood Mackenzie Ltd. Some of the world’s biggest explorers are drilling wildcat wells in places like ... Yahoo Finance UK and Ireland  

30 Companies Where You Can Easily Earn Over $100,000   Jan 15, 2019
Making Fortune’s list of the “100 Best Companies to Work For” should make Devon Energy executives feel good about the work they’re doing. Coming in at No. 92 despite having the third ... Yahoo Finance  

FTSE 100 up on China stimulus hopes, mid-caps slip ahead of Brexit vote   Jan 15, 2019
FTSE 100 up 0.3 pct; FTSE 250 down 0.1 pct * Investors await key Brexit deal vote * Financials top support to main index * Provident Financial (Other OTC: FPLPF - news) sinks after profit alert * Small-cap Flybe tanks (Adds company ... oil majors BP and ... Yahoo Finance UK and Ireland  

Cabinet shuffle shows reconciliation dropping in priority for Trudeau, say Indigenous advocates   Jan 15, 2019
The cabinet shuffle comes at a time of increased tension following the RCMP enforcement of an injunction last week against a Wet'suwet'en camp in British Columbia set up to block the Coastal GasLink natural gas pipeline project. The police action ... CBC.ca  

More than 100 First Nations could purchase the Trans Mountain expansion pipeline   Jan 15, 2019
Calgary-based Suncor sold a 49 per cent stake in the project to the Fort McKay First Nation and the Mikisew Cree First Nation for $503 million in 2017. The First Nations borrowed money to cover the cost. Four different ownership models will be considered ... CBC.ca  

U.S. Steps Up Rhetoric Over Nord Stream 2 Pipeline   Jan 15, 2019
Germany is the end-point of the highly controversial Gazprom-led Nord Stream 2 pipeline project, which will follow the existing Nord Stream natural gas pipeline between Russia and Germany via the ... OilPrice  

 German politicians are irritated by US ambassador’s letter to companies participating in Russia-led gas pipeline project.


North Korean Oil Smugglers Elude U.S. Military   Jan 15, 2019
Irina is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing on the oil and gas industry. North Korea is still receiving crude oil shipments despite ... OilPrice  

RCMP to conduct review of actions taken at Gidimt'en camp blockade   Jan 15, 2019
The Coastal GasLink project is run by TransCanada Corp. and is meant to move natural gas from northeastern B.C. to the coast, where a liquefied natural gas project is scheduled for construction. People arrested at Gidimt'en anti-pipeline camp allege ... CBC.ca  

Oil Prices Rebound After Falling 2% on Weak Chinese Trade Data   Jan 15, 2019
Investing.com - Oil prices rebounded on Tuesday in Asia after falling more than 2% in the previous session amid weak Chinese trade data. New York-traded Crude Oil WTI Futures rose $0.65, or 1.3% ... Yahoo Finance  

Multi Pad Drilling Market – Industry Analysis, Size, Share, Growth, Trends and Forecast to 2024   Jan 15, 2019
Major participants include Earthstone Energy, Hess Corporation, Encana, Pioneer Natural Resources, ExxonMobil, Chevron, Cairn India, Nostra terra, Consol Energy, ExxonMobil, Nabors, Chesapeake Energy, Devon Energy, Marathon Oil Corporation, Trinidad ... MarketWatch  

Alaska officials probing BP oil, gas wells at Prudhoe Bay after spill   Jan 15, 2019
ANCHORAGE, Alaska (Reuters) - Regulators in the U.S. state of Alaska will investigate all of the oil and natural gas wells operated by BP Plc at its Prudhoe Bay oil field after the release of a ... Yahoo Finance  

Platts Plans To Reform Dated Brent Crude Oil Benchmark   Jan 15, 2019
In a bid to boost the liquidity of the Brent international crude oil benchmark, S&P Global Platts plans to reform the way Dated Brent is being assessed as of November 2019 loadings, Platts said on ... OilPrice  

CME plans to launch e-auction for U.S. crude oil exports   Jan 15, 2019
SINGAPORE (Reuters) - CME Group said on Tuesday it plans to launch an electronic auction platform with U.S. energy firm Enterprise Products Partners LP in March to sell U.S. spot crude oil export ... Reuters  

Oil prices edge up on supply cuts, but weakening economic outlook caps gains   Jan 15, 2019
SINGAPORE, Jan 15 (Reuters) - Oil prices inched up on Tuesday amid supply cuts by producer club OPEC and Russia, although the darkening economic outlook capped gains. U.S. West Texas Intermediate ... Reuters  

UPDATE 1-S.Korea imports no Iran oil in Dec; 2018 imports fall 60 pct   Jan 15, 2019
SEOUL, Jan 15 (Reuters) - South Korea imported no Iranian oil for a fourth month in December following the reimposition of U.S. sanctions, cutting its 2018 imports from the major supplier by 60 ... Reuters  

Oil Prices Decline as Chinese Data Causes Global Slowdown Worries   Jan 15, 2019
Investing.com - Oil prices traded lower on Monday as weak economic data out of China raised concerns of a global slowdown that could hit demand for crude. New York-traded West Texas Intermediate ... Yahoo Finance  

Consider Concho Resources, A High-Quality Permian Play   Jan 15, 2019
By comparison, Pioneer Natural Resources (PXD), which has long been one of the leading operators in the region, reported similar production numbers for Q3-2018. Moving forward, Concho expects to ... Seeking Alpha  

Natural Gas Price Forecast – natural gas markets gap higher   Jan 15, 2019
Natural gas markets gapped higher to kick off the week, breaking above the $3.50 level in early trading. At this point, I think there is plenty of resistance above, and I am simply waiting for ... Yahoo Finance  

Natural Gas Price Prediction – Prices Surge on Cold Weather Forecast   Jan 15, 2019
Natural gas prices surged higher on Monday as colder than normal weather is forecast to cover most of the United States for the next 6-14 days. The cold weather will increase heading demand from ... Yahoo Finance  

Fears Of U.S. Shale Demise May Be Overblown   Jan 15, 2019
Several other oil companies have been reviewed recently as well including BP, Chevron, and Occidental Petroleum. All have met or exceeded the production increases of the companies in the chart below. Crude Oil Prices  

Who Could Get Hurt by PG&E's Fire-Driven Bankruptcy: QuickTake   Jan 14, 2019
They will continue to work, responding to outages and maintaining the company’s vast web of wires and natural gas pipelines. They will still get paid, and the company will continue to fund their health care, a senior executive with the company’s ... Bloomberg L.P.  

Pipeline protest briefly snarls traffic at busy Halifax roundabout   Jan 14, 2019
The event was aimed to show support to Indigenous groups in northern B.C. who have been preventing a natural gas pipeline company from accessing their traditional territory. The rally lasted about 15 minutes. Every crosswalk around the <a href="https ... CBC.ca  

Colorado Supreme Court overturns ruling on scope of oil regulation   Jan 14, 2019
The Colorado Supreme Court today overturned a lower court ruling that would have required the state's energy regulator to prioritize public health and environmental concerns when issuing oil and ... Seeking Alpha  

Notley fed up with 'ridiculousness' of Ottawa's inaction on oil and gas   Jan 14, 2019
Alberta Premier Rachel Notley expressed frustration again Monday about a lack of progress in completing the Trans Mountain pipeline. Notley's comments came after a federal cabinet shuffle that left Natural Resources Minister Amarjeet Sohi in his portfolio. CBC.ca  

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