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Iconic Calgary building can be read like a swanky and hopeful history of our city   Jan 12, 2019
"Within a few years, other oil patch buildings went up around there: Shell, Petro Fina, the Petrochemical building. It's the first of a set of contemporaries that became oil company headquarters at the moment when the oil industry came to dominate Calgary ... CBC.ca  

Britain's Failing Nuclear Plan Poses Huge Question for Power   Jan 12, 2019
Two types of energy will likely fill most of the gap: natural gas and offshore wind. Both come with challenges. Wind power has been the success story of British energy policy, already generating more than 13 percent of the nation’s electricity. Bloomberg L.P.  

CORRECTED-(OFFICIAL)-UPDATE 1-UAE energy minister says average oil price in 2018 was $70 a barrel   Jan 12, 2019
(Corrects (official) to show that Mazrouei was talking about average oil price in 2018, not 2019) ABU DHABI, Jan 12 (Reuters) - United Arab Emirates Energy Minister Suhail al-Mazrouei said on ... Reuters  

Chevron Touts Nimble Shale as Electric Cars Dim Big Oil's Future   Jan 12, 2019
(Bloomberg) -- Chevron Corp. will spend about half its capital budget on projects that yield quick returns over the next three years, underscoring the importance of shale as it prepares for ... Yahoo Finance  

U.S. official rules out further waivers on Iran oil imports   Jan 12, 2019
ABU DHABI (Reuters) - The United States will grant no more waivers for Iranian oil after the reimposition of U.S. sanctions, the U.S. special representative for Iran said on Saturday, underlining ... Reuters  

UPDATE 1-UAE energy minister expects average oil price of $70 in 2019   Jan 12, 2019
ABU DHABI, Jan 12 (Reuters) - United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday he expects an average oil price of $70 a barrel in 2019 on the back of an agreement to cut ... Reuters  

People arrested at Gidimt'en anti-pipeline camp allege inappropriate use of force   Jan 12, 2019
and is meant to move natural gas from northeastern B.C. to the coast, where a liquefied natural gas project is scheduled for construction. A court injunction, granted in December, ordered people to stop preventing Coastal GasLink from gaining access to ... CBC.ca  

World Bank Cuts Oil Price Forecast To $67 In 2019-2020   Jan 12, 2019
The World Bank expects oil prices to average $67 a barrel this year and next, down $2 compared to projections from June last year, the bank said in its Global Economic Prospects report, in which ... OilPrice  

Russia Starts Gradual Oil Output Cuts as OPEC+ Deal Kicks In   Jan 12, 2019
(Bloomberg) -- Russia is gradually reducing oil production in line with the OPEC+ deal and is on track to get about a fifth of the way toward its pledged cut this month. Preliminary data show the ... Yahoo Finance  

Why Hess Corporation Stock Fell 24.8% in December   Jan 12, 2019
SPX data by YCharts The energy company has partnered with ExxonMobil (NYSE: XOM) to drill for oil in recently discovered reserves in Guyana, but Exxon announced on Dec. 24 that it temporarily ... Yahoo Finance  

Mexico Gas Stations Look to Bypass Pemex as Fuel Crisis Worsens   Jan 12, 2019
Gasoline supply will begin to normalize bit by bit, Lopez Obrador has said. Some of the world’s biggest oil companies, including Exxon Mobil Corp., Koch Industries Inc. and Glencore Plc, have piled into the Mexican fuel market over the past several years ... Bloomberg L.P.  

Saint-Laurent set to meet 2020 target for greenhouse gas emission cuts: borough   Jan 12, 2019
After reviewing the report produced by the borough, he said it is clear Saint-Laurent has reduced its consumption of oil, but he notes that it has also increased its use of natural gas. This reduces emissions in the short term, he said, but it is not the ... CBC.ca  

Alberta hockey rivals join to support oil industry   Jan 12, 2019
The Edmonton Oilers will celebrate the energy sector when they host the Detroit Red Wings on Jan. 22. The Oilers Entertainment Group (OEG) plans to host more than 200 members of the oil and gas ... CTV Edmonton News  

India’s Oil Imports From Iran Still Low Due To U.S. Sanctions   Jan 12, 2019
Indian oil imports from Iran plunged by 41 percent on the year to just over 300,000 bpd in December, roughly around the level of Iranian oil India is restricted to buy under the U.S. waiver ... OilPrice  

Why the RCMP may not be a neutral player in the Wet'suwet'en anti-pipeline dispute   Jan 11, 2019
The conflict centers on a proposed natural gas pipeline that would pass through the land — a project approved by the nation's elected leaders, but staunchly opposed by hereditary chiefs. On Thursday, the hereditary chiefs and RCMP came to an agreement ... CBC.ca  

2018 Was A Record Breaking Year For Energy Markets   Jan 11, 2019
For the first time since 2014, the average Henry Hub spot price for natural gas will be above $3.00/MMBtu Natural gas prices have been depressed for several years, but natural gas inventories ... OilPrice  

Oil Bears Get Out of the Way as Crude's Rebound Takes Hold   Jan 11, 2019
Crude oil’s rally is starting to sweep away the pessimists. After starting 2019 on a cautious tone, hedge funds this week slashed bets on falling Brent crude prices to the lowest level since mid-November, as they looked to get out the way of a recovery ... Bloomberg L.P.  

Natural Gas Price Prediction – Prices Rise to End the Week   Jan 11, 2019
Natural gas prices are attempting to move higher on Friday, as colder than normal weather is finally making its way into the northeast. The weather pattern is still warm for the southern portion ... Yahoo Finance  

Oil's recent slump may give rise to bankruptcy conditions - report   Jan 11, 2019
The financial stresses that drove more than 150 energy producers to file for bankruptcy in the aftermath of the 2014-2016 oil slump may be building again amid uncertainty over whether oil prices will recover from their recent sharp drop, according to the ... Reuters  

Activision, Vail Resorts fall; General Motors, Embraer rise   Jan 11, 2019
ConocoPhillips, down $1.55 to $66.39 Energy companies fell as the price of crude oil turned lower after a nine-day winning streak. Embraer S.A., up 58 cents to $23.23 The Brazilian government said ... Yahoo Finance  

Nurdles are no laughing matter, as oil companies asked to disclose problem   Jan 11, 2019
Nurdles are tiny pellets of plastic resin used to make products such as packaging, plastic straws and water bottles, and billions of them are lost from production and supply chains every year ... Seeking Alpha  

US stocks drift in a quiet close to another winning week   Jan 11, 2019
ConocoPhillips, Marathon Oil and Hess all fell more than 1 percent. Big gains earlier in the week meant the S&P 500 was still hanging onto a 2.5 percent rise for the last five days. The three-week winning streak for the S&P 500 is its longest since August. Associated Press  

Exxon ships have not returned to Venezuela incident site, Guyana says   Jan 11, 2019
Seismic research vessels hired by Exxon Mobil (NYSE:XOM) to explore for oil offshore Guyana have not returned to the site of last month's confrontation with Venezuela’s navy but may in the ... Seeking Alpha  

Explainer - Mexico's fuel woes rooted in chronic theft, troubled refineries   Jan 11, 2019
While the vast majority of the stations are Pemex franchises, a growing number belong to new private entrants, including giant ExxonMobil and trading firm Glencore, which in some cases import ... Reuters  

Midland crude for Q4 delivery nears strongest in months - Reuters   Jan 11, 2019
Traders say Midland crude for delivery in Q4 is going for the smallest discount in months in anticipation of the opening of pipelines transporting more than 2M bbl/day from the Permian Basin ... Seeking Alpha  

Why Hess Corporation Stock Fell 24.8% in December   Jan 11, 2019
SPX data by YCharts The energy company has partnered with ExxonMobil (NYSE: XOM) to drill for oil in recently discovered reserves in Guyana, but Exxon announced on Dec. 24 that it temporarily ... Yahoo Finance  

Why ConocoPhillips Stock Rose More Than 10% in 2018   Jan 11, 2019
Shares of the largest independent oil and gas exploration and production company (E&P) in the U.S., ConocoPhillips (NYSE: COP), rose 13.6% in 2018, according to data provided by S&P Global Market ... Yahoo Finance  

The Oil Bull Market Is Back   Jan 11, 2019
Friday, January 11th, 2019 Oil entered a bull market this week, having gained 20 percent since the low point reached in December. WTI rose above $52 per barrel, while Brent moved above $61. OilPrice  

Angola Prepares For First Oil Licensing Round In Eight Years   Jan 11, 2019
OPEC producer Angola is putting the finishing touches on its first oil licensing round in eight years, hoping to replace dwindling production at some maturing fields and seeing renewed investor ... OilPrice  

3 Growth Factors For Petrobras   Jan 11, 2019
The company’s transfer-of ... Chance are, most Big Oil companies will be eager to join the Brazilian major: Exxon, Equinor, and Shell, among others, already have a sizeable presence in the ... Seeking Alpha  

Is Iran Exaggerating The Demand For Its Oil?   Jan 11, 2019
After the United States pulled out of the Obama-era Iran nuclear deal and re-imposed and added to sanctions last year, the Trump administration granted waivers to eight countries who were already ... OilPrice  

U.S. oil drillers cut rigs for second week in a row: Baker Hughes   Jan 11, 2019
(Reuters) - U.S. energy firms cut oil rigs for a second week in a row as more producers, like Occidental Petroleum Corp, turned conservative in their 2019 drilling plans due to uncertainty over a recovery in crude prices. Drillers cut four oil rigs in the ... Reuters  

The subject of an iconic anti-fracking photo calls it a 'middle finger' to oil industry   Jan 11, 2019
When Amanda Polchies decided to go to an anti-fracking protest near Rexton, N.B. in 2013, she didn't expect to become the subject of an image that would be seen around the world. When Amanda Polchies decided to go to an anti-fracking protest near Rexton ... CBC.ca  

Gas Pipeline TAP Completes $4.5B Project Financing   Jan 11, 2019
TAP is a key part of the Southern Gas Corridor—a key infrastructure project for Europe aimed at diversifying gas supplies away from Russia and bringing natural gas from the Caspian Sea region to ... OilPrice  

With key testing set to begin, is SeaRose oil production on the horizon?   Jan 11, 2019
Husky Energy's SeaRose FPSO could be inching closer to resuming oil production — nearly two months after the largest oil spill in Newfoundland and Labrador's history — but the company is detailing the several key steps, and approvals, that are ... CBC.ca  

Rolling protests hit highway 401 and 403   Jan 11, 2019
Organizers tell CTV and CJBK that they are “ supporting the Unist'ot'en in B.C.,” where protesters have been fighting a proposed natural gas pipeline in the province's north. They were heading ... Bell Media  

UPDATE 6-Oil set for weekly gain on trade optimism, OPEC-led supply cuts   Jan 11, 2019
* Markets hope for end to China-U.S. trade war * Global economy seen slowing in 2019 * Oil prices supported by OPEC-led supply curbs * U.S. sanctions cut Iran oil exports * But surging U.S ... Yahoo Finance  

Why Is This Oil and Gas Company Playing Poker?   Jan 11, 2019
The blank checks are getting larger on Wall Street and have even fewer strings attached. In mid-December, Black Ridge Acquisition Corp., a public investment vehicle that raised $138 million in an IPO a little more than a year ago to do deals in the ... Bloomberg L.P.  

United States 12 Month Oil Fund, LP   Jan 11, 2019
The investment seeks to reflect the daily changes in percentage terms of the spot price of light- sweet crude oil delivered to Cushing- Oklahoma- as measured by the daily changes in the average of ... CNN Money  

Oil Prices: Crude Oil Is Quietly Having Its Longest Winning Streak in Nearly a Decade   Jan 11, 2019
The fourth quarter of 2018 was an ugly one for oil prices. Crude crashed 40% over the final three months of the year, putting them down 19% overall. In one particularly brutal stretch, oil lost ... Yahoo Finance  

Stocks slip but remain on track for another winning week   Jan 11, 2019
ConocoPhillips, Diamondback Energy and Hess all fell more than 2 percent. Benchmark U.S. crude oil fell 63 cents, or 1.2 percent, to $51.96 per barrel and is on pace to break a long winning streak. Oil has climbed for nine straight days, as it recovered a ... Houston Chronicle  

Saudi Arabia’s strategy for Aramco IPO and $80 oil   Jan 11, 2019
Saudi Arabia is finally shedding some light on its proven oil reserves, and I guess it is better late than never. Yet, they are doing this for their own selfish reasons -- and not in the interest ... Yahoo Finance  

Why These Global Oil Giants Fell 12% or More in 2018   Jan 11, 2019
Shares of Exxon Mobil (NYSE: XOM) declined a painful 18.5% in 2018 according to data provided by S&P Global Market Intelligence. Fellow international energy giant Chevron (NYSE: CVX) lost 13.1% of ... Yahoo Finance  

Natural Gas Price Fundamental Daily Forecast – Focus Shifting to Shrinking Supply Deficit   Jan 11, 2019
Natural gas futures are trading slightly higher on Friday. The market is trading inside yesterday’s range which suggests investor indecision and impending volatility. It looks like the market ... Yahoo Finance  

Haynesville Shale About To Break All-Time Gas Output Record   Jan 11, 2019
(Click to enlarge) Driven by Louisiana’s Sabine Pass LNG terminal on the Gulf Coast, US liquefied natural gas exports increased substantially in 2018. Rystad Energy forecasts US LNG production ... OilPrice  

Global Rotary Steerable Systems Market Will Grow at a CAGR of 7% During 2019-2023| Technavio   Jan 11, 2019
Companies such as ExxonMobil announced an expansion plan to triple the shale production per day in the Permian Basin by 2025. In the US, the Permian Basin is a major unconventional oil and gas producing region. In March 2018 China's state-owned oil company ... The Business Journals  

Shell to seek sale of Ontario refinery, sour gas assets in Alberta   Jan 11, 2019
Shell joins Husky Energy as the second company to announce plans to sell a Canadian refinery this week. Seeking Alpha  

Oil Analyst Streible Says $60 Is a Good Average Price for 2019   Jan 11, 2019
The David Rubenstein Show: Peer-to-Peer Conversations" explores successful leadership through the personal and professional choices of the most influential people in business. Bloomberg L.P.  

Iraq to upgrade southern oil output capacity in 2019: Basra Oil Co   Jan 11, 2019
BASRA (Reuters) - Iraq plans to raise output from its southern Majnoon oilfield to 290,000 barrels per day (bpd) by the end of 2019 and to 450,000 bpd by the end of 2021 from a current 240,000 bpd, the director of the Basra Oil Company said. Ihsan Abdul ... Reuters  

Table: India imported a record 4.6 million bpd oil in 2018   Jan 11, 2019
NEW DELHI (Reuters) - India imported 4.8 percent more oil in 2018 to a record 4.58 million barrels per day (bpd) as the country increased purchases to feed its expanded refining capacity, ship ... Reuters  

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