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BP Brings Climate Action Call to Oil Country: CERAWeek Update   Mar 15, 2019
In the last decade, Chavez orchestrated seizures of foreign assets that chased companies such as Exxon Mobil Corp. and ConocoPhillips out of the country and saddled the government with billions of dollars in reparation obligations. BP CEO Warns NOPEC Could ... Yahoo New Zealand  

Cyclone Idai batters Mozambique coastal city   Mar 15, 2019
Mozambique has significant offshore liquefied natural gas projects underway in the north, but these were currently out of harm’s way. Reuters  

UK shares up after vote for Brexit delay; oil majors gain   Mar 15, 2019
(Reuters) - Strength in oil majors coupled with optimism that a Brexit delay would ... The main index found its biggest support in heavyweights Shell and BP that added 1 percent each as U.S. crude prices hit their highest this year on OPEC-led production ... Yahoo Finance UK and Ireland  

India's February palm oil imports ease as soyoil purchase jumps: trade body   Mar 15, 2019
MUMBAI (Reuters) - India’s palm oil imports in February dropped 1.1 percent from a year earlier to 751,703 tonnes as soyoil imports jumped, a leading trade body said on Friday. Soyoil imports ... Reuters  

UK GAS-Prices dip on strong wind power output, looming LNG deliveries   Mar 15, 2019
British wholesale gas prices fell on Friday as high output from the country’s wind farms curbed gas demand and the expectation of several deliveries of liquefied natural gas (LNG) weighed on the ... Reuters  

Mission underway to retrieve faulty connector blamed for province's largest oil spill   Mar 15, 2019
A delicate recovery operation is now underway in the White Rose oil field, about 120 metres under the sea — and it could shed more light on what was behind the biggest oil spill in the province's history last November. Around 7 a.m. NT Friday ... CBC.ca  

Big Oil Is Backing Methane Regulation   Mar 15, 2019
Related: Is This A Precursor For Peak Oil Demand? ExxonMobil has been working with Environmental Defense Fund (EDF) on monitoring and reducing methane emissions. Matt Kolesar, regulatory manager ... Yahoo Finance  

Global Medical Rubber Stopper Market Projected to Deliver Greater Revenues during the Forecast Period until 2028   Mar 15, 2019
ExxonMobil Chemical, Jiangyin Hon. Reasons to Get this Report: 1. Additional global medical rubber stopper market opportunities and identify large possible classes according to comprehensive volume and value evaluation. 2. Gaining understanding about ... MarketWatch  

Shell updates on proved reserves for 2018   Mar 15, 2019
partly offset by net sales of minerals in place of 175 million boe," said the company. Shell said that in 2018, total oil and gas production was 1,388 million boe, of which 1,338 million boe was available for sale and 50 million boe was consumed in operations. MarketWatch  

The World’s Biggest Shale Field Is on the Brink of an M&A Boom   Mar 15, 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  

Shell sees significant growth in income   Mar 15, 2019
Stronger crude oil and gas prices contributed to sharp increases in our Upstream and Integrated Gas earnings, while Downstream earnings fell slightly," said the company. Shell's capital investment in 2018 was slightly below $25 billion, reflecting its ... MarketWatch  

LNG Slump Seen Close to End as Price Collapse Stimulates Demand   Mar 15, 2019
(Bloomberg) -- Liquefied natural gas prices may be about to hit the bottom after losing more than a third of their value this year. Sellers of the world’s fastest-growing fossil fuel may first ... Yahoo Finance  

S.Korea's Hanbit No.5 nuclear reactor shut after technical glitch   Mar 15, 2019
* South Korea’s nuclear regulator said on Friday the Hanbit No.5 reactor had been shut down due to a technical glitch * It was not immediately clear why 1,000-megawatt reactor stopped operating ... Reuters  

Investors Who Bought China Aviation Oil (Singapore) (SGX:G92) Shares Three Years Ago Are Now Up 65%   Mar 15, 2019
China Aviation Oil (Singapore) was able to grow its EPS at 15% per year over three years, sending the share price higher. We note that the 18% yearly (average) share price gain isn’t too far ... Yahoo Finance  

Oil prices firm as supply deficit emerges amid disruptions   Mar 15, 2019
SINGAPORE (Reuters) - Oil prices were firm on Friday amid production cuts led by OPEC and as U.S. sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter of 2019. But oil prices have been capped by ... Reuters  

Oil Prices Trade Near Flat Ahead of IEA Monthly Report   Mar 15, 2019
Investing.com - Oil prices were near flat on Friday in Asia after rising to near four-month highs the previous day. U.S. Crude Oil WTI Futures was up 0.01% at $58.63 by 10:37 PM ET (02:37 GMT). Yahoo Finance  

On the world stage, Canadian oil majors promote a carbon tax   Mar 15, 2019
The governments of Alberta and Canada are close to getting it right on tackling carbon emissions, said Janet Annesley, a senior vice-president with Husky Energy, during one of Tuesday's panel discussions. She began by pointing to the decision to ... CBC.ca  

U.S. Oil Waivers That Rocked Market in 2018 Coming Back to Focus   Mar 15, 2019
(Bloomberg) -- Uncertainty over U.S. waivers for buyers of Iranian oil is starting to grip the market again, under very different circumstances than when American sanctions were set to go into ... Yahoo Finance  

Alberta crude exports by rail uneconomic amid output cuts, Suncor VP says   Mar 15, 2019
Alberta's mandated oil production cuts are preventing Suncor Energy Inc., one of Canada's biggest oil producers, from sending its heavy crude to the U.S. Gulf Coast by rail, a company official said in an interview on Tuesday. CBC.ca  

How Blockchain Is Changing The Face Of Oil Trading   Mar 15, 2019
As the hype around blockchain subsides and actual applications come to light, the technology is beginning to change the face of a huge industry: crude oil and gas trading. This could be just the ... OilPrice  

Oil and gas cleanup costs in B.C. are $3B and rising, auditor general finds   Mar 15, 2019
British Columbia's auditor general says the number of inactive oil and gas wells in the province has risen dramatically, and warns the price tag for decommissioning them is $3 billion and rising. An audit published Thursday, titled The B.C. Oil and Gas ... CBC.ca  

Natural Gas Price Prediction – Prices Rise on Surprise Inventory Draw   Mar 15, 2019
Natural gas prices moved higher on Thursday rising approximately 1% following the Department of Energy’s inventory report. The decline was more than expected, but the range was relatively wide. Yahoo Finance  

How The Californian Oil Boom Died   Mar 15, 2019
This week I am creating slides for a presentation I am giving in California later this month. While researching the material, I took a closer look at the history of California’s oil industry. OilPrice  

OPEC Threatens To Kill U.S. Shale   Mar 15, 2019
Related: Pakistan Aims To Become A Natural Gas Hotspot Indeed, if OPEC starts pumping again at maximum capacity, even without Iran and Venezuela, and with continued outages in Libya, it would ... OilPrice  

These High-Yield Stocks Are Adding Bolt-Ons to Accelerate Growth   Mar 14, 2019
Image source: Getty Images. Eureka consists of a 190-mile natural-gas gathering system, while Hornet is a 15-mile pipeline that also gathers natural gas from producing wells. Long-term contracts ... Yahoo Finance  

Fortem Resources Inc. Announces Investor Relations Agreement with Paradox Public Relations Inc.   Mar 14, 2019
The Company is engaged in the exploration, development and production of crude oil and natural gas in the Western Canadian Sedimentary Basin and Utah in the United States. The Company is seeking ... Yahoo Finance  

Factbox: Existing and proposed LNG terminals in India   Mar 14, 2019
SINGAPORE (Reuters) - India had four terminals receiving liquefied natural gas last year, with total capacity of 30 million tonnes a year, although taking in 21 million to 23 million tonnes, up 10 to 13 percent from 2017, according to data from the ... Reuters  

Oil and gas cleanup costs in B.C. are $3B and rising, auditor general finds   Mar 14, 2019
British Columbia's auditor general says the number of inactive oil and gas wells in the province has risen dramatically, and warns the price tag for decommissioning them is $3 billion and rising. An audit published Thursday, titled The B.C. Oil and Gas ... CBC.ca  

UPDATE 2-Fearing new oil glut, OPEC builds case for keeping supply cuts   Mar 14, 2019
LONDON, March 14 (Reuters) - OPEC on Thursday cut the forecast of global demand for its oil this year as rivals boost production, building a case for extending supply curbs beyond June to stop any ... Reuters  

India LNG demand journey to be shaky, slow due to infrastructure limits   Mar 14, 2019
SINGAPORE/NEW DELHI (Reuters) - India’s demand for liquefied natural gas (LNG) is set to rise by about 10 percent this year even as the country adds import capacity at a faster clip, because infrastructure constraints keep gas from getting to consumers ... Reuters  

U.S.-China Trade Deal Driven By Energy Exports   Mar 14, 2019
China is now once again importing U.S. crude oil and soybeans, but despite increased inquiries, the Chinese market response to U.S. liquefied natural gas (LNG) is still tepid, S&P Global Platts ... OilPrice  

Exxon Mobil (XOM) Dips More Than Broader Markets: What You Should Know   Mar 14, 2019
Prior to today's trading, shares of the oil and natural gas company had gained 5.85% over the past month. This has outpaced the Oils-Energy sector's gain of 2.32% and the S&P 500's gain of 2.35% ... Yahoo Finance  

Big Oil Is Backing Methane Regulation   Mar 14, 2019
The oil industry has suddenly grown concerned about its methane emissions. In Houston, Shell executives urged the EPA to stick with federal regulations on methane. EOG Resources has agreed to ... OilPrice  

Was 2018 The Peak For Crude Oil Production?   Mar 14, 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  

Elite Dividend Payers: The Cure for the Biggest Mistake Income Investors Make   Mar 14, 2019
View photos Also consider the performance of Enerplus Resources (NYSE:ERF). Years ago, it was one of the biggest and most popular firms that owned oil & gas wells… and paid dividends out of ... Yahoo Finance  

Canada 'falling behind' because of Arctic oil drilling moratorium: CAPP   Mar 14, 2019
An oil and gas industry representative says Canada is "falling behind" the U.S. and other nations in developing its rich Arctic natural resources because of a five-year moratorium on offshore drilling in the North put in place in 2016. CBC.ca  

Ready to Invest in Venezuela? Oil Banker Ponders $3 Billion Fund   Mar 14, 2019
Maynard Holt is already thinking about how you can invest in Venezuela. The chief executive officer of Houston-based energy investment bank Tudor, Pickering, Holt & Co. said Wednesday he’s exploring the formation of a fund as big as $3 billion to invest ... Bloomberg L.P.  

Natural Gas Price Forecast – Natural gas markets try to fill the gap   Mar 14, 2019
Natural gas markets have been very active during the trading session on Thursday as we get an inventory number that was a little bit shy of what we had anticipated. That being the case, the demand ... Yahoo Finance  

How The Californian Oil Boom Died   Mar 14, 2019
This week I am creating slides for a presentation I am giving in California later this month. While researching the material, I took a closer look at the history of California’s oil industry. OilPrice  

It's all about focus: Standalone N.L. oil and gas corp. closer to reality   Mar 14, 2019
The provincial government is charging ahead with plans to create a standalone oil and gas corporation and its desire to make Newfoundland and Labrador a "globally preferred location" for exploration. Nearly a year after the Liberal government announced it ... CBC.ca  

Norway Plans To Expand Arctic Oil Exploration Areas   Mar 14, 2019
Norway’s government is proposing to expand the area that will be offered for oil and gas exploration in the 2019 licensing round of acreage in mature areas, Petroleum and Energy Minister Kjell ... OilPrice  

Japan : MHPS' H-100 Gas Turbine Gains Momentum with Multiple Qualifications   Mar 14, 2019
To date, major LNG players, including ExxonMobil, Shell, Total, along with key engineering contractors such as Bechtel, have all completed extensive qualification studies on Mitsubishi Hitachi Power Systems' 120MW H-100 Gas Turbine for use as the ... MarketWatch  

Calgary energy companies to share $72M in federal funds for clean tech projects   Mar 14, 2019
Canadian Natural Resources Ltd. will get $22.3 million from the Low Carbon Economy Fund for a new steam turbine generator technology that will help produce lower-emission power at its facilities at the Athabasca Oil Sands Project. The company will also ... CBC.ca  

Court fight over access to Alton Gas site focuses on Indigenous rights   Mar 14, 2019
The company, Alton Natural Gas Storage, is behind a plan to store natural gas in huge underground caverns north of Halifax, but the project has been delayed for years because of ongoing protests. Alton, a subsidiary of Calgary-based Alta Gas, says the ... CBC.ca  

Venezuela's Guaido to Appeal $8.75 Billion ConocoPhillips Award   Mar 14, 2019
Venezuela’s opposition leader Juan Guaido plans to appeal a $8.75 billion award issued to ConocoPhillips by the World Bank’s arbitration tribunal last week, arguing the amount was overestimated. Jose Ignacio Hernandez, newly appointed as attorney ... Bloomberg L.P.  

LNG Canada expansion to be decided by 2025: CEO   Mar 14, 2019
HOUSTON (Reuters) - Royal Dutch Shell and its partners building a massive liquefied natural gas (LNG) export terminal in Western Canada will decide by 2025 whether to double its capacity ... Reuters  

Why Oil & Gas Companies Can’t Snag Millennial Talent   Mar 14, 2019
The oil and gas sector is facing a stiff competition in attracting young talent in science, technology, engineering, and mathematics (STEM) because Millennials and Generation Zs are most ... OilPrice  

Is Occidental Petroleum Corporation’s (NYSE:OXY) CEO Being Overpaid?   Mar 14, 2019
Vicki Hollub has been the CEO of Occidental Petroleum Corporation (NYSE:OXY) since 2016. This report will, first, examine the CEO compensation levels in comparison to CEO compensation at other big ... Yahoo Finance  

Did You Manage To Avoid Apache’s (NYSE:APA) Painful 57% Share Price Drop?   Mar 14, 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  

Shell sets its first carbon reduction targets on output, consumption   Mar 14, 2019
HOUSTON (Reuters) - Royal Dutch Shell said on Thursday it planned to reduce carbon emissions from its oil and gas operations and product sales by 2 percent to 3 percent during the 2016-2021 period, the first time the company has issued carbon footprint ... Reuters  

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