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| 1. News on Oil Prices | |
 | 14 December 2019 : Asian LNG prices rise for first time since October {Reuters} |
| Asian spot prices for liquefied natural gas edged up this week after almost two months of declines on new demand and amid signs . . . | |
| | 14 December 2019 : Crude oil futures gain on spot demand, global cues {Economic Times} |
| Crude oil prices on Friday gained Rs 5 to Rs 4,205 per barrel as speculators created fresh positions amid positive trend at spot market . . . | |
| | 14 December 2019 : Oil nears 3-month high as trade hopes, UK election boost sentiment {Reuters} |
| Oil rose on Friday to its highest in nearly three months as investors cheered progress in resolving the U.S.-China trade dispute . . . | |
| | 13 December 2019 : Asda announces second fuel price cut in three weeks {thecourier.co.uk} |
| Asdas announcement comes after the AA accused other supermarket fuel retailers of discriminating against poorer motorists . . . | |
| | 13 December 2019 : Gas prices are 17 cents higher than at this time last year {consumeraffairs.com} |
| The AAA Fuel Gauge Survey shows the national average of regular gasoline is $2.56 a gallon, two cents less than last week. But the price is 17 cents higher . . . | |
| | 13 December 2019 : Maryland gas prices drop again as demand reaches... {baltimore.cbslocal.com} |
| AAA Mid-Atlantic said the average gas price in the state on Friday was $2.44, down two cents from last week and six cents from a month ago . . . | |
| | 13 December 2019 : Crude oil breaks $65 mark after Opec tightens supplies {ft.com} |
| Brent crude oil jumped back above $65 a barrel on Friday for the first time since the attacks on Saudi Arabia in September . . . | |
| | 12 December 2019 : OPEC+ decision will support oil at $55-65 per barrel... {hellenicshippingnews.com} |
| Gazprom Neft CEO Alexander Dyukov said on Tuesday a decision by OPEC and its allies to reduce output last week would help support oil prices at $55-65 per barrel . . . | |
| | 12 December 2019 : Bulgargaz proposes 1.9% cut in Bulgarias Q1 gas prices {Reuters} |
| Bulgarias state gas monopoly Bulgargaz said on Wednesday it has proposed cutting natural gas prices by 1.94% in the first quarter of next year . . . | |
| | 12 December 2019 : San Diego County gas prices drop for 35th straight day {timesofsandiego.com} |
| The average price of a gallon of self-serve regular gasoline in San Diego County dropped Wednesday for the 35th consecutive day . . . | |
| More news on Oil Prices | ^Jump to the top^ | |
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| 2. Rig News | |||||||||
| | 14 December 2019 : U.S. drillers add oil rigs for first week in eight - Baker Hughes {Reuters} | ||||||||
| U.S. energy firms added rigs for the first time in eight weeks even as producers follow through on plans to reduce spending on new drilling . . . | |||||||||
| | 12 December 2019 : Velesto bags US$30m job from Mubadala Petroleum {theedgemarkets.com} | ||||||||
| Velesto Energy Bhd has bagged a US$30 million contract from Abu Dhabi’s Mubadala Petroleum LLC to provide jack-up drilling rig . . . | |||||||||
| | 12 December 2019 : Shelf Drilling eyes Nigerian prospects {oedigital.com} | ||||||||
| Shallow water drilling services provider Shelf Drilling has announced a one-year extension on its 1982-built BMC 300-1C Trident XIV jack-up rig i . . . | |||||||||
| | 11 December 2019 : Japan Drilling Company jackup awarded four-well contract... {splash247.com} | ||||||||
| Japan Drilling Company has been awarded a four-well contract for jackup drilling rig Hakuryu-11 for operations offshore Vung Tau, Vietnam . . . | |||||||||
| | 11 December 2019 : First Dussafu DTM-4H production well completed {oedigital.com} | ||||||||
| Panoro Energy announced the successful completion of the DTM-4H well, the first of the phase 2 Tortue development wells, offshore Gabon . . . | |||||||||
| | 10 December 2019 : Greenpeace prohibited from holding environmental... {industryglobalnews24.com} | ||||||||
| Greenpeace was prohibited from holding environmental demonstrations on oil rigs in the North Sea after a Scottish court order was obtained by the oil giant Shell . . . | |||||||||
| | 10 December 2019 : ADES lands first onshore deep-drilling contracts... {proactiveinvestors.co.uk} | ||||||||
| ADES International Holding PLC has landed its first onshore deep drilling contracts in Kuwait, under its lump-sum turnkey arrangement with Baker Hughes . . . | |||||||||
| | 10 December 2019 : Predator Oil & Gas secures rig for Guercif permit drilling {morningstar.co.uk} | ||||||||
| Predator Oil & Gas Holdings PLC on Monday said it has signed a preliminary agreement to secure a rig for undertaking drilling . . . | |||||||||
| | 10 December 2019 : Permian Basin adds oil and gas landfills, drops rigs... {currentargus.com} | ||||||||
| An oil and gas landfill in West Texas began service Monday, accepting waste from operators throughout the Permian Basin . . . | |||||||||
| | 9 December 2019 : Offshore: OSV market report {oedigital.com} | ||||||||
| The fate of Offshore Service Vessels is, naturally, closely tied to the price of oil. Seacor Marines John Gellert, in reviewing its Q2 results . . . | |||||||||
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| 3. News on Oil Exploration | |
| | 14 December 2019 : Yothaka East-2 sidetrack disappoints {oedigital.com} |
| Tap Oil on Friday shared an update on the Yothaka East-2 appraisal well drilled in the G1/48 concession Manora Production License . . . | |
| | 14 December 2019 : DNO makes small oil and gas discovery in the Norwegian Sea... {Reuters} |
| Oil firm DNO has made a small oil and gas discovery in the northern part of the Norwegian Sea, the Norwegian Petroleum Directorate said on Friday . . . | |
| | 13 December 2019 : Total reaches final investment decision on Anchor oil field {offshore-technology.com} |
| French oil and gas firm Total has reached the final investment decision to develop the Anchor oil field located in the deepwater US Gulf of Mexico . . . | |
| | 13 December 2019 : United Oil & Gas completes sale of North Sea blocks... {offshore-technology.com} |
| British independent oil and gas exploration and development start-up United Oil & Gas has completed the sale of North Sea blocks 15/18d . . . | |
| | 12 December 2019 : Doyon, Hilcorp sign joint Alaska oil, gas exploration deal {660citynews.com} |
| An Alaska Native Regional Corporation and an energy company will jointly explore the Yukon Flats region for potential oil and gas extraction, officials said . . . | |
| | 12 December 2019 : Eni official: huge gas find off Egypt sign of maybe more {stockdailydish.com} |
| The discovery of a huge natural gas deposit in Egyptian waters has boosted hopes of other such finds in the eastern Mediterranean . . . | |
| | 12 December 2019 : Ukraine to relaunch PSA tender for Dolphin offshore gas block... {spglobal.com} |
| Ukraine which this year has opened up vast swathes of acreage for gas exploration plans to relaunch a tender for the prospective offshore Dolphin block . . . | |
| | 12 December 2019 : Canacol Energy secures interest in three gas... {hydrocarbons-technology.com} |
| Canacol Energy has secured a 100% operated working interest in three new conventional gas exploration contracts in Colombia . . . | |
| | 12 December 2019 : Springfield flags significant oil find offshore Ghana {spglobal.com} |
| Indigenous explorer Springfield Group said Wednesday its maiden exploration well offshore Ghana has doubled its in place resources to around 1.5 billion barrels . . . | |
| | 11 December 2019 : Pemex reserve discovery boosts Mexicos oil ambitions {spglobal.com} |
| Pemexs largest hydrocarbon reserve discovery in 30 years is boosting the Mexican governments confidence that the troubled state-run enterprise . . . | |
| More news on Oil Exploration | ^Jump to the top^ | |
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| 4. News on Oil Demand and Oil Consumption | |
| | 14 December 2019 : Global fuel oil demand in 2020 to fall 4.6%... {hellenicshippingnews.com} |
| Global fuel oil demand will average 6.148 million b/d in 2020, a 4.6% drop from 6.440 million b/d in 2019, the International Energy Agency said . . . | |
| | 12 December 2019 : Forecast for 2020 world oil demand growth unchanged {freepressjournal.in} |
| The Organization of the Petroleum Exporting Countries maintained its projections for growth in global crude oil demand for 2020 as well as for 2019 . . . | |
| | 14 December 2019 : Oil consumption tracking is all about Asia {Reuters} |
| Oil market analysts must make sense of a bewildering array of statistics about production, consumption and inventories . . . | |
| | 12 December 2019 : Indias fuel consumption grew 10.5% in November... {business-standard.com} |
| Consumption of fuel, a proxy for oil demand, totalled 18.77 million tonnes, data from the Petroleum Planning and Analysis Cell of the oil ministry showed . . . | |
| More Oil Demand News | More Oil Consumption News | ^Jump to the top^ | |
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| 5. News on Oil Output | ||||||||
| | 14 December 2019 : Kazakhstan oil output hit by Kashagan maintenance... {hellenicshippingnews.com} | |||||||
| Daily oil production in Kazakhstan was down by 8% to 235,800 tonnes on Dec. 12 from Dec. 10, energy ministry data showed on Friday . . . | ||||||||
| | 14 December 2019 : U.S. proved reserves of crude oil, natural gas hit record highs {xinhuanet.com} | |||||||
| The proved reserves of crude oil and natural gas in the United States set new records, the U.S. Energy Information Administration reported on Friday . . . | ||||||||
| | 14 December 2019 : OIL output hit by protests {telegraphindia.com} | |||||||
| The escalating protests for the past five days against the Citizenship Act, 2019, has hit Oil India Limiteds production in Upper Assam . . . | ||||||||
| | 13 December 2019 : Norways oil output surpasses expectations {kallanishenergy.com} | |||||||
| Norways crude oil production surpassed official estimates in November by 13.2%, to average 1.71 million barrels per day . . . | ||||||||
| | 13 December 2019 : North Dakota oil output growth to improve moderately on OPEC+ cuts... {spglobal.com} | |||||||
| The OPEC+ decision to deepen output cuts will cause slow to moderate growth in Bakken production, North Dakotas top oil and gas regulator said Friday . . . | ||||||||
| | 12 December 2019 : CEO says Southwestern Energy to see natural gas output... {spglobal.com} | |||||||
| Southwestern Energy expects to see natural gas production growth in the single digits as the producer focuses on improving drilling efficiencies . . . | ||||||||
| | 12 December 2019 : Production at Libyas El Feel oil field restarts gradually... {Reuters} | |||||||
| Production at Libyas 70,000-barrels-per-day El Feel oil field restarted on Wednesday after being shut down due to a valve closure this month . . . | ||||||||
| | 12 December 2019 : RockRose ramping up oil production at North Sea Brae complex {offshore-mag.com} | |||||||
| The jackup Noble Houston Colbert gas spud the first of two planed infill development wells on the West Brae field in the central UK North Sea . . . | ||||||||
| | 12 December 2019 : Iraqi crude output rebounds in Nov, exports rise... {spglobal.com} | |||||||
| Iraqi crude oil production rose by 19,000 b/d on the month to 4.595 million b/d in November, the countrys State Oil Marketing Organization said Wednesday . . . | ||||||||
| | 12 December 2019 : Brazils Petrobras boosts oil production, abandons refinery... {nasdaq.com} | |||||||
| Brazilian state-run oil firm Petrobras flagged another major production boost on Wednesday, while formally scuttling a refinery project . . . | ||||||||
| More Oil Output News | ^Jump to the top^ | ||||||||
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| 6. News on Oil Transportation | |
| | 14 December 2019 : Israel to begin exporting gas to Egypt next month {al-monitor.com} |
| Egypt had faced a $1.76 billion settlement awarded to state-owned Israel Electric Corporation in 2015 because Egyptian companies . . . | |
| | 14 December 2019 : Johan Castberg oil to export direct to market {oedigital.com} |
| Norways Equinor plans to export oil from its upcoming Johan Castberg field directly to the market, ditching the option of building an onshore reloading terminal . . . | |
| | 13 December 2019 : Equinor drops oil terminal plan for Johan Castberg Arctic field {oilprice.com} |
| Equinor has decided not to build a ship-to-ship reloading terminal onshore northern Norway to handle the crude oil that would come from the Arctic field . . . | |
| | 12 December 2019 : US replaces Kuwait as Indias 6th biggest oil supplier {deccanherald.com} |
| The United States has surpassed Kuwait to become Indias sixth largest oil supplier as it supplied 70 per cent more crude to the worlds third largest energy consumer . . . | |
| | 11 December 2019 : Enbridge would consider further LNG export investment... {spglobal.com} |
| Canadas Enbridge wants to expand its North American natural gas infrastructure footprint and would be willing to make a small investment . . . | |
| | 11 December 2019 : Exxon, Hess to export first oil from Guyana in early 2020... {Reuters} |
| U.S. producers Exxon Mobil Corp and Hess Corp plan to export the first-ever shipments of crude oil from Guyana between January and February . . . | |
| | 10 December 2019 : Interview: Idemitsu to boost North America oil products sales... {spglobal.com} |
| Japanese refiner Idemitsu Kosan intends to boost its oil product sales from its leased supply base in Vancouver, western Canada . . . | |
| | 10 December 2019 : Libya declares force majeure on loadings from El-Feel oilfield {oilprice.com} |
| Libyas volatile production and exports may inadvertently help OPEC and its allies in supply restrictions these days, after the Libyan National Oil Corporation . . . | |
| | 9 December 2019 : Analysis: LNG to surpass piped gas in Singapores future... {hellenicshippingnews.com} |
| Singapore is set to shift toward LNG to meet the bulk of its gas demand in the coming years as piped natural gas supply contracts . . . | |
| | 9 December 2019 : Saudi Aramcos shipping arm looks to charter tankers in LNG... {Reuters} |
| Saudi Aramcos shipping arm Bahri has issued an expression of interest to charter up to 12 liquefied natural gas tankers from 2025 . . . | |
| More Oil Transportation News | ^Jump to the top^ | |
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| 7. News on Oil companies | |
| | 12 December 2019 : Trafiguras full-year oil, gas trading earnings jump... {hellenicshippingnews.com} |
| Trafigura, the worlds second-biggest independent oil trader, reported sharply higher full-year oil and gas trading results Wednesday . . . | |
| | 11 December 2019 : Chevron to take $11 billion writedown amid weak gas prices {finance.yahoo.com} |
| Chevron Corp. expects to write down as much as $11 billion in the fourth quarter, more than half of it from its Appalachia natural gas assets . . . | |
| | 9 December 2019 : Hibiscus Petroleum to spend RM1b as capex from 2019... {theedgemarkets.com} |
| Hibiscus Petroleum Bhd has set aside US$250 million as capital expenditure from this year until 2021 for three oil and gas fields . . . | |
| | 3 December 2019 : Australias Woodside Petroleum submits final plan... {Reuters} |
| Australias Woodside Petroleum on Tuesday said the final field development plan for the Sangomar oil field was submitted to Senegal government . . . | |
| | 3 December 2019 : Canadas Husky Energy sees lower oil prices, cuts spending... {Reuters} |
| Canadian oil and gas producer Husky Energy Inc said on Monday it would lower capital spending by C$500 million over the next two years . . . | |
| | 30 November 2019 : Gazprom profits slump 45% on lower gas prices and sales to Europe {ft.com} |
| Russias gas giant Gazprom suffered a 45 per year-on-year drop in its net profit in the third quarter of 2019 due to lower gas prices and a drop . . . | |
| | 29 November 2019 : Japans JXTG to be renamed ENEOS as it prepares for... {spglobal.com} |
| Japans largest refiner JXTG Nippon Oil & Energy will be renamed ENEOS Corp. in June next year as part of a wider re-organization of the parent company . . . | |
| | 28 November 2019 : Tokyo Gas targets 67% rise in profit by 2030 through... {hellenicshippingnews.com} |
| Japanese gas distributor Tokyo Gas Co Ltd is targeting a 67% rise in operating profit by 2030 through overseas expansion in areas . . . | |
| | 26 November 2019 : China Gas reports 16% rise in half-year profit {hellenicshippingnews.com} |
| China Gas Holdings Ltd reported a 16.2% rise in mid-year profit to 4.91 billion Hong Kong dollars as Beijings anti-pollution campaign . . . | |
| | 25 November 2019 : Chevron beats profit expectations as annual oil and gas... {stockdailydish.com} |
| Rreported quarterly profits that topped Wall Streets expectations, as the companys fossil fuel production hit an all-time high . . . | |
| More news on oil companies | ^Jump to the top^ | |
| 8. Oil Contracts | |
| | 14 December 2019 : Gas supply agreements struck for Nigeria LNG {energyvoice.com} |
| Nigeria LNG has signed gas supply agreements to supply three of its existing trains plus the seventh, which is yet to reach a final investment decision . . . | |
| | 12 December 2019 : Petrofac and Maersk Drilling sign well management contract {oilfieldtechnology.com} |
| Petrofacs Engineering and Production Services division has signed a well management contract under Maersk Drillings master alliance agreement . . . | |
| | 11 December 2019 : Qatar and Saudi Arabia eye peace, a mega gas deal could follow {spglobal.com} |
| Qatar and Saudi Arabia have several good reasons to finally settle their political differences. Agreeing what could be the gas deal of the century is perhaps the best . . . | |
| | 10 December 2019 : Israel tells energy companies to hold fire on Cyprus gas project {Reuters} |
| Israels Energy Ministry has advised three energy companies not to start work on the Aphrodite gas field off Cyprus until the two countries reach agreement . . . | |
| | 9 December 2019 : Egypt to increase crude oil production, sign new agreements... {egyptindependent.com} |
| Egypts government will increase crude oil production to bridge declining domestic consumption through developing systems and procedures . . . | |
| | 7 December 2019 : Ecuador awards 20.2 million barrel oil supply contract to Shell unit {Reuters} |
| Ecuadors state-run oil company Petroecuador said on Friday it had awarded a unit of Royal Dutch Shell a contract to lift some 20.2 million barrels . . . | |
| | 6 December 2019 : Petronet LNG in talks for LNG agreements {lngindustry.com} |
| Petronets head of finance, Vinod Kumar Mishra, said that this list of companies includes US-based NextDecade LNG. Mishra also said that . . . | |
| | 4 December 2019 : Neptune hands out drilling deals worth £30.8m... {energyvoice.com} |
| Neptune Energy and partners have dished out drilling services contracts worth £30.8 million for its 50 million barrel Seagull project in the UK North Sea . . . | |
| | 3 December 2019 : Turkey-Libya agreement shakes up eastern Mediterranean {al-monitor.com} |
| On Nov. 27, Ankara signed an agreement with Libyas internationally recognized government denoting new maritime boundaries between the two nations . . . | |
| | 30 November 2019 : Vietnam signs crude oil supply deal for 2020 with SOCAR {Reuters} |
| Vietnams state-run Binh Son Refining and Petrochemical Co has inked an agreement with Azeri state energy company SOCAR . . . | |
| More news on oil contracts | ^Jump to the top^ | |
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| 9. News on Oil stocks | |
| | 14 December 2019 : Chevron may sell stake in Kitimat LNG {westerninvestor.com} |
| Chevron Corp. is taking a US$10 billion to US$11 billion write-down and is considering selling some of its assets, including its 50 per cent stake . . . | |
| | 14 December 2019 : Brazils BNDES informs Petrobras it may cut stake via secondary offering {Reuters} |
| Brazilian state development bank BNDES has informed Petrobras that it is considering selling up to all of the ordinary shares . . . | |
| | 13 December 2019 : No terms set for sale of Petronas stake, says Abang Johari {freemalaysiatoday.com} |
| Chief Minister Abang Johari Openg today said Putrajaya has yet to set any terms over its proposal to sell stakes in Petronas to Sarawak and Sabah . . . | |
| | 12 December 2019 : Brazils Petrobras begins sale process of 10% stake... {Reuters} |
| Brazilian state-controlled oil company Petrobras SA on Wednesday said it has begun the sale process for its 10% stake in the natural gas pipeline company . . . | |
| | 12 December 2019 : Tokyo Gas to step up overseas expansion in renewables... {Reuters} |
| Distributor Tokyo Gas Co Ltd will step up overseas expansion, boosting stakes in renewable energy, liquefied natural gas development . . . | |
| | 12 December 2019 : Australias FAR completes $99 mln placement for Senegal project {Reuters} |
| Australian oil and gas explorer FAR Ltd on Thursday said it completed a conditional placement to raise A$146 million . . . | |
| | 12 December 2019 : Japan lines up Russian Arctic oil investment {ft.com} |
| Japans government and its state-owned oil group have emerged as leading contenders for a stake in Rosnefts $157bn Arctic project . . . | |
| | 11 December 2019 : Greece kicks off sale of gas distribution network {hellenicshippingnews.com} |
| Greece has launched the sale of gas distribution network DEPA Infrastructure, with the state and Hellenic Petroleum both set to offload their stakes . . . | |
| | 11 December 2019 : Malaysia considering selling stakes in Petronas to states {nst.com.my} |
| Malaysia is considering selling stakes in energy giant Petronas to states where the companys oil and gas fields are, Prime Minister Tun Dr Mahathir Mohamad . . . | |
| | 11 December 2019 : Libya approves Totals purchase of Marathon Oil stake... {Reuters} |
| Libyas National Oil Corporation said on Tuesday it had approved the purchase by Frances Total of Marathon Oils stake in the countrys Waha concessions . . . | |
| More news on oil stocks | ^Jump to the top^ | |
FPSO For Long Term Time Charter |
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| 10. News on Oil Pollution | |
| | 13 December 2019 : Florida DEP approves exploratory oil drilling permits... {mypanhandle.com} |
| Residents and environmentalists are responding after a Texas-based oil company gained approval by the Florida Department of Environmental Protection . . . | |
| | 12 December 2019 : 1.5 million litres of crude oil spilled in Saskatchewan CP train derailment {globalnews.ca} |
| The Transportation Safety Board has released new details regarding the CP Rail train derailment near Guernsey, Saskatchewan . . . | |
| | 12 December 2019 : An oil spill in the Atchafalaya Basin has been contained... {nola.com} |
| A containment boom remains at the site of an oil leak from a barge near Butte La Rose that was reported last week . . . | |
| | 12 December 2019 : Nearly $226m to restore open Gulf after 2010 BP oil spill {660citynews.com} |
| Federal agencies have approved nearly $226 million for 18 projects to restore open ocean in the Gulf of Mexico after the 2010 BP oil spill . . . | |
| | 11 December 2019 : Australia to appear before United Nations... {energynewsbulletin.net} |
| On August 21, 2009, the Montara-H1 well blew out on the wellhead platform. An uncontrolled spill continued pumping up to 2,000 barrels of oil . . . | |
| | 10 December 2019 : Shell shuts unit at Pernis oil refinery after crude spill {uk.finance.yahoo.com} |
| Royal Dutch Shell said on Monday it had shut a unit at its Pernis oil refinery in the Netherlands after a crude spill a day earlier . . . | |
| | 10 December 2019 : Revised Line 3 Pipeline study addresses potential impact... {kbjr6.com} |
| A revised Environmental Impact Statement filed Monday states there would be no risk to Lake Superior should an oil spill happen . . . | |
| | 10 December 2019 : Well spills oil in western North Dakota after tank bolt... {billingsgazette.com} |
| A vibration in an oil tank apparently caused a bolt to come off and spill more than 20,000 gallons of oil in western North Dakota . . . | |
| | 9 December 2019 : UK judge blocks Nigerian courts oil spill damages order... {insurancejournal.com} |
| Royal Dutch Shell Plc units won a U.K. ruling preventing London courts from enforcing a $516 million Nigerian judgment for damages . . . | |
| | 7 December 2019 : 8 Mile oil spill in the Atchafalaya Basin caues concern for wildlife {kadn.com} |
| An oil spill in the Atchafalaya Basin has state and industry officials on alert. This particular spill could have severe impacts on the environment . . . | |
| More Oil Pollution news | ^Jump to the top^ | |
| 11. OPEC News | |
| | 14 December 2019 : OPEC daily basket price up 43 cents to stand at $65.81... {wam.ae} |
| The price of OPEC basket of fourteen crudes went up by 43 cents to settle at US$65.81 a barrel on Thursday, 12th December . . . | |
| | 14 December 2019 : OPECs plan to boost oil prices may not work {hellenicshippingnews.com} |
| Deeper production cuts by the cartel and other major producers including Russia won’t be enough to prevent a global supply glut . . . | |
| | 12 December 2019 : OPEC daily basket price up 9 cents to settle at $65.66 a barrel Tuesday {wam.ae} |
| The price of OPEC basket of fourteen crudes went up nine cents to stand at US$65.66 a barrel on Tuesday, compared with $65.57 the previous day . . . | |
| | 12 December 2019 : Opec sees small 2020 oil deficit even before latest supply cut {Economic Times} |
| OPEC on Wednesday pointed to a small deficit in the oil market next year due to restraint by Saudi Arabia even before the latest supply pact . . . | |
| | 11 December 2019 : Saudi Arabia plans for lower 2020 oil revenues on OPEC... {hellenicshippingnews.com} |
| After three years of record budgets to spur growth, Saudi Arabia said Monday it plans to scale back government spending through 2022 . . . | |
| | 11 December 2019 : OPEC daily basket price increases {xinhuanet.com} |
| The Organization of the Petroleum Exporting Countries daily basket price increased to 65.57 U.S. dollars a barrel on Monday . . . | |
| | 10 December 2019 : OPEC daily basket price rises to US$65.24 a barrel Friday {wam.ae} |
| The price of OPEC basket of fourteen crudes rose 43 cents to stand at US$65.24 a barrel on Friday, 6th December, compared with US$64.81 the previous day . . . | |
| | 9 December 2019 : Analysis: Asia seen adequately prepared for deeper OPEC... {spglobal.com} |
| Asia appears well prepared for OPECs new crude production cut era as Chinese, South Korean and Japanese refiners flexible feedstock procurement . . . | |
| | 8 December 2019 : Opec is cutting its production in a bid to boost oil prices {fool.com} |
| OPEC members, along with several non-member allies, agreed this week to reduce their oil supplies by an additional . . . | |
| | 7 December 2019 : OPEC countries, Russia to cut oil output, pushing up prices {oaoa.com} |
| The OPEC oil-producing countries and ally Russia said Friday they have agreed to cut crude production, prompting a surge in global crude prices . . . | |
| More OPEC News | ^Jump to the top^ | |
| 12. General Oil News | |
| | 11 December 2019 : China is winning the offshore oil game {rt.com} |
| Chinas international presence in the offshore oil sector is quickly growing as its oil majors are willing to invest in places . . . | |
| | 10 December 2019 : S.Koreas KNOC expects underground oil storage to be... {Reuters} |
| Korea National Oil Corp expects to complete an underground facility for strategic crude oil storage it is building in the southeastern city . . . | |
| | 10 December 2019 : Canadas oil crisis isnt as bad as it seems {oilprice.com} |
| Any investor or prospective investor googling Alberta--Canadas key oil-producing province--will likely give up before clicking any further . . . | |
| | 9 December 2019 : Egypts dues to foreign oil companies lowest level since 2010... {egyptindependent.com} |
| Dues to foreign oil companies in Egypt have decreased to their lowest level since 2010, thanks to the payment of US$5.4 billion . . . | |
| | 9 December 2019 : Acting banks to loan $3b to develop oil industrys upstream... {tehrantimes.com} |
| Private sector investors, cooperatives and non-governmental entities can use these facilities for development projects . . . | |
| | 9 December 2019 : Iran to raise taxes as US sanctions hit oil revenues {ft.com} |
| Iran is to reduce its reliance on oil exports by increasing taxes, borrowing more money and cutting energy subsidies . . . | |
| | 9 December 2019 : New regulation bans use of heavy fuel oil {icelandreview.com} |
| Last week, Guðmundur Ingi Guðbrandsson, Minister for the Environment and Natural Resources, signed new regulations into effect . . . | |
| | 8 December 2019 : Rouhani says Iran budget set to resist U.S. sanctions by... {Reuters} |
| Iranian President Hassan Rouhani presented a draft state budget of about $39 billion to parliament on Sunday, saying . . . | |
| | 7 December 2019 : 3 Injured in Wyoming oil and gas field explosion {oilcity.news} |
| Emergency units from Laramie County were dispatched to an explosion at an oil and gas field site, near the Wyoming community of Carpenter . . . | |
| | 5 December 2019 : Govt collects 18pc more revenue from petroleum sector {dawn.com} |
| Despite around 13 per cent decline in consumption, the federal government collected about 18pc higher taxes on oil and gas products during first quarter . . . | |
| More General Oil News | ^Jump to the top^ | |
| 13. News on Biofuels | |
| | 14 December 2019 : Red River Biorefinery gearing up for production {ethanolproducer.com} |
| According to Keshav Rajpal, BioMass Solution principal, the industry’s newest ethanol plant Red River Biorefinery is still on track to start operations . . . | |
| | 14 December 2019 : Ethanol plant shutdowns deepen pain for U.S. corn farmers {Economic Times} |
| When the U.S. ethanol industry was booming, Indiana farmer Paul Hodgen made good money selling about a quarter of his crop . . . | |
| | 12 December 2019 : USDA: US ethanol exports reach 113 million gallons in October {ethanolproducer.com} |
| The USDA Foreign Agricultural Service released October export data on Dec. 5, reporting the U.S. exported approximately 112.82 million gallons of ethanol . . . | |
| | 12 December 2019 : NCGA calls Trump, Congress to complete work on ethanol... {ethanolproducer.com} |
| The National Corn Growers Association hosted a news conference Dec. 11 during which NCGA officials and state leaders urged the Trump Administration . . . | |
| | 12 December 2019 : Chicago Argo ethanol falls to near three-month low {spglobal.com} |
| Pushed lower by a bearish ethanol stocks and production report, the S&P Global Platts benchmark Chicago Argo ethanol assessment dipped to its lowest level . . . | |
| | 11 December 2019 : Rainforest Energy, Infinity Biofuels sign MOU {canadianbiomassmagazine.ca} |
| Rainforest Energy Corp. is pleased to announce that it has completed the initial terms on a binding Memorandum Of Understanding with Infinity Biofuels Ltd . . . | |
| | 11 December 2019 : IATA calls on EU to support transition to sustainable... {biofuels-news.com} |
| The International Air Transport Association has asked the European Union to support the aviation industrys energy transition to sustainable aviation fuels . . . | |
| | 11 December 2019 : Deal reached on USCMA, House and Senate votes expected... {ethanolproducer.com} |
| U.S. Trade Representative Robert Lighthizer and Speaker of the House Nancy Pelosi on Dec. 10 announced a deal regarding the U.S.-Mexico-Canada Agreement . . . | |
| | 11 December 2019 : EPA delivers final rule containing 2020 RVOs, SRE plan to OMB {ethanolproducer.com} |
| The U.S. EPA delivered a final rule regarding the Renewable Fuel Standard to the White House Office of Management and Budget on Dec. 6 . . . | |
| | 11 December 2019 : USGC promotes ethanol exports {agrinews-pubs.com} |
| As the U.S. governments ethanol policies continue to create industry hurdles with expanded small refinery wavers, the U.S. Grains Council sees hope . . . | |
| More Biofuels News | ^Jump to the top^ | |
| Oil & Gas conferences in the next 60 days | |
| ^Jump to the top^ | |
 | ICMSM 2019 : International Conference on Maritime Safety and Management : From 16th December to 17th December 2019 at Barcelona. Map |
| | ICABB 2019 : International Conference on Algal Biomass Biofuels : From 16th December to 17th December 2019 at Barcelona. Map |
| | IranIMEX 2019 : From 23rd December to 26th December 2019 at Kish Island. Map |
| | ICBEPT 2020 : International Conference on Biofuels Engineering Process Technology : From 6th January to 7th January 2020 at Tokyo. Map |
| | World Future Energy Summit : From 13th January to 16th January 2020 at Abu Dhabi. Map |
| | SPE Workshop: Managed Pressure Drilling – Collaboration Towards Excellent Applications and Solutions : From 13th January to 14th January 2020 at Kuala Lumpur. Map |
| | Intermodal Africa 2020 : From 14th January to 16th January 2020 at Dar-es-Salaam. Map |
| | Refining and Petrochemicals Southeast Asia (RPSEA 2019) : From 15th January to 16th January 2020 at Kuala Lumpur. Map |
| | Energy Storage 2020 : From 15th January to 16th January 2020 at Berlin. Map |
| | Deepwater South America 2020 : From 16th January to 17th January 2020 at Rio de Janeiro. Map |
| | 4th Deep Offshore West Africa Congress 2020 : From 16th January to 17th January 2020 at Accra. Map |
| | RPW (Refining & Petrochemicals World) Thailand 2020 : From 16th January to 17th January 2020 at Pattaya. Map |
| | Fuels of the Future : From 20th January to 21st January 2020 at Berlin. Map |
| | 8th Global Annual LNG Bunkering Summit 2020 : From 28th January to 30th January 2020 at Amsterdam. Map |
| | 8th Ship Recycling Congress 2020 : From 29th January to 30th January 2020 at Amsterdam. Map |
| | Oil and Gas Pipeline Leakage Detection Congress : From 29th January to 30th January 2020 at Houston. Map |
| | 6th Annual Well Site Automation 2020 : From 29th January to 30th January 2020 at Houston. Map |
| | International Biomass Conference & Expo : From 3rd February to 5th February 2020 at Nashville. Map |
| | Argus Americas Crude Summit 2020 : From 3rd February to 5th February 2020 at Houston. Map |
| | Euromaritime 2020 : From 4th February to 6th February 2020 at Marseille. Map |
| | UK CCUS and Hydrogen Decarbonisation Summit : From 4th February to 5th February 2020 at Birmingham. Map |
| | Middle East Bunkering Convention : From 5th February to 6th February 2020 at Dubai. Map |
| | Nigeria International Petroleum Summit : From 9th February to 12th February 2020 at Abuja . Map |
| | 15th LNG Supplies for Asian Markets 2020 (LNGA 2020) : From 10th February to 11th February 2020 at Singapore. Map |
| | IADC Drilling HSE&T Asia Pacific 2020 Conference & Exhibition : From 11th February to 12th February 2020 at Bangkok. Map |
| See all events | ^Jump to the top^ | |
| Oil & Gas trainings in the next 60 days | |
| ^Jump to the top^ | |
| | Shell and Tube Heat Exchangers : Mechanical Design (ASME/TEMA), and Considering Operation & Maintenance : From 16th December to 20th December 2019 at Kuala Lumpur. Map |
| | Oil Movement, Storage and Troubleshooting : From 12th January to 16th January 2020 at Dubai. Map |
| | Geophysical Application to Petroleum Engineering : From 12th January to 12th January 2020 at Dhahran. Map |
| | Piping System Construction & Inspection Masterclass : From 3rd February to 5th February 2020 at Nairobi. Map |
| | Mini MBA: Oil & Gas and Energy Management : From 3rd February to 7th February 2020 at New York. Map |
| | LNG Bunkering Europe Training Course : From 11th February to 13th February 2020 at London. Map |
| See all training events | ^Jump to the top^ | |
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