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| 1. News on Oil Prices | |
 | 12 December 2018 : Fuel prices fall for seventh straight day, petrol at Rs 75.80/litre... {cnbctv18.com} |
| Fuel prices fell for the seventh consecutive day on Wednesday, with petrol at Rs 75.80 per litre and diesel at Rs 67.66 per litre in Mumbai . . . | |
| | 12 December 2018 : Oil rises more than 1% on Opec-led supply cuts, trade talk hopes {Economic Times} |
| Oil prices climbed by more than 1 per cent on Wednesday, lifted by expectations that an Opec-led supply cut announced last week for 2019 . . . | |
| | 12 December 2018 : County gas prices lowest since January {kesq.com} |
| The average price of a gallon of self-serve regular gasoline in Riverside County dropped today for the 48th consecutive day . . . | |
| | 11 December 2018 : Petrol, diesel prices fall for sixth straight day... {timesnownews.com} |
| Petrol, diesel prices fell again on Tuesday, the sixth straight cut in prices on softening international crude oil prices . . . | |
| | 11 December 2018 : Fuel prices drop below $2 per gallon at some places... {athensreview.com} |
| As Americans get deeper into the holiday season, extra errands and traveling can bring more stress and causes drivers to be more aggressive . . . | |
| | 11 December 2018 : Oil prices rise on Libyan export disruption, but markets remain weak {cnbc.com} |
| Oil prices on Tuesday clawed back some of their losses from the previous day as Libya's National Oil Company . . . | |
| | 11 December 2018 : GasBuddy: Local gas prices fall 15 cents over the last week {cbs7.com} |
| Gasoline prices in Midland Odessa have fallen 15.4 cents per gallon in the past week, averaging $2.60/g yesterday . . . | |
| | 10 December 2018 : November US natural gas prices increased beyond... {hydrocarbonengineering.com} |
| On 23 November, the natural gas spot price at the Henry Hub in Louisiana, US, was US$4.70/million Btu, the highest price since a temporary spike . . . | |
| | 10 December 2018 : Average US price of gas drops 22 cents per gallon to $2.51 {wsaw.com} |
| The average U.S. price of regular-grade gasoline has plummeted 22 cents a gallon (3.8 liters) over the past three weeks, to $2.51 . . . | |
| | 10 December 2018 : Crude oil futures stable to higher on OPEC production cuts {spglobal.com} |
| Crude oil futures were stable to higher during mid-morning trade in Asia Monday, holding on to support from the OPEC meeting last Friday . . . | |
| More news on Oil Prices | ^Jump to the top^ | |
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| 2. Rig News | |||||||||
| | 12 December 2018 : Saskatchewan down to 30 rigs in holiday winddown {pipelinenews.ca} | ||||||||
| Saskatchewan’s drilling rig fleet was already winding down prior to the Christmas holidays, according to sister publication Rig Locator . . . | |||||||||
| | 11 December 2018 : The next big development in offshore oil & gas {oilprice.com} | ||||||||
| Siemens last week announced the launch of the first hybrid power plant for offshore rigs combined with energy storage featuring lithium-ion batteries . . . | |||||||||
| | 11 December 2018 : ConocoPhillips sets $6.1 billion capex budget for 2019 {ogj.com} | ||||||||
| ConocoPhillips has set a capital expenditure budget for 2019 of $6.1 billion, which is flat to its expected full-year 2018 capex . . . | |||||||||
| | 11 December 2018 : Permian basin witnesses removal of 4 oil drilling rigs {zacks.com} | ||||||||
| Baker Hughes data, issued at the end of every week since 1944, helps energy service providers gauge the overall business environment . . . | |||||||||
| | 11 December 2018 : Hess boosting rig count, production in Bakken... {northamericanshalemagazine.com} | ||||||||
| To deliver strong returns, production growth and significant future free cash flow, Hess Corp. will spend 75 percent of its 2019 . . . | |||||||||
| | 11 December 2018 : Equinor granted drilling permit in North Sea {ogj.com} | ||||||||
| Equinor Energy AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 36/1-3 in production license 885 in the North Sea . . . | |||||||||
| | 10 December 2018 : San Leon Energy preparing to spud OSMU-1 well... {youroilandgasnews.com} | ||||||||
| San Leon Energy plc, the AIM listed company focused on oil and gas development and appraisal in Africa . . . | |||||||||
| | 9 December 2018 : Siemens deploys first lithium-ion battery at offshore drilling rig {tradearabia.com} | ||||||||
| Global technology powerhouse Siemens has announced plans to install the world’s first lithium-ion battery solution for an offshore drilling . . . | |||||||||
| | 8 December 2018 : Permian Basin rig count drops as oil prices rise {oaoa.com} | ||||||||
| The rig count in the Permian Basin was down four from the prior week, the latest count Friday by Baker Hughes shows, with 489 rigs active in the region . . . | |||||||||
| | 8 December 2018 : Siemens supplies lithium-ion battery solution for offshore drilling rig {epmag.com} | ||||||||
| Siemens said Dec. 7 it has supplied the world’s first lithium-ion battery energy storage solution for an offshore drilling rig . . . | |||||||||
| More rig news | ^Jump to the top^ | |||||||||
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| 3. News on Oil Exploration | |
| | 12 December 2018 : More blocks being explored to reduce petroleum import bill... {urdupoint.com} |
| Minister for Petroleum Guhlam Sarwar Khan Tuesday underlining the need for more exploration of indigenous reservoirs of oil and gas and their production . . . | |
| | 12 December 2018 : Winchester Energy to raise funds for Permian Basin oil drilling {smallcaps.com.au} |
| Winchester Energy is hoping to raise up to $2.85 million through a newly announced share issue to fund its upcoming three-well vertical drilling . . . | |
| | 12 December 2018 : Oil firms urged to join forces to revitalise exploration in North Sea {itv.com} |
| The Oil and Gas Authority will make a new batch of data available to help revitalise exploration in the UK Continental Shelf . . . | |
| | 12 December 2018 : Mauritania: Total acquires two exploration blocks {africaoilandpower.com} |
| Total has signed an agreement for the acquisition of two exploration blocks offshore Mauritania with Mauritania’s Minister of Petroleum . . . | |
| | 12 December 2018 : Chariot Oil & Gas focused on delivering an exploration... {proactiveinvestors.co.uk} |
| Chariot Oil & Gas Limited has conducted a thorough analysis of drilling cost estimates for its key prospects . . . | |
| | 12 December 2018 : Tullow Oil eyes next hot spot, gears up for Guyana probe {epmag.com} |
| When it comes to navigating the intricacies of the unknown, Tullow Oil is considered an expert, particularly in Africa . . . | |
| | 11 December 2018 : Greenpeace joins Port Lincoln protest against drilling in Great... {abc.net.au} |
| Greenpeace has called for the Great Australian Bight to have the same protection status as the Great Barrier Reef as it protests . . . | |
| | 11 December 2018 : Ukraine to auction concessions for 30 onshore petroleum blocks {emerging-europe.com} |
| Ukraine’s State Geological Service has announced plans to sell concessions for 30 onshore petroleum blocks . . . | |
| | 11 December 2018 : Second drillship for Turkish gas exploration {cyprus-mail.com} |
| Turkey is to take delivery of a second drillship to expand its hydrocarbons operations in the Eastern Mediterranean . . . | |
| | 11 December 2018 : Eni makes new oil find offshore Angola {oedigital.com} |
| Italy's Eni said it ha struck a new oil discovery in the Afoxé exploration prospect located in Block 15/06, offshore Angola . . . | |
| More news on Oil Exploration | ^Jump to the top^ | |
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| 4. News on Oil Demand and Oil Consumption | |
| | 12 December 2018 : France's Total sees robust demand for LNG from Russia's Yamal {Reuters} |
| French oil and gas group Total believes there is enough demand on the spot market for liquefied natural gas from its Yamal LNG plant in Russia . . . | |
| | 12 December 2018 : US jet fuel demand expected higher with holiday travel... {spglobal.com} |
| Almost 46 million passengers are expected to travel on US airlines over the upcoming holiday travel period, up 5.2% from last year . . . | |
| | 12 December 2018 : Regulator anticipates peak of fuel consumption... {en.antaranews.com} |
| Down Stream oil and gas regulator BPH Migas is taking anticipatory steps in the face of fuel oil consumption . . . | |
| | 6 December 2018 : India, China's coal consumption rise, global emissions... {business-standard.com} |
| Carbon dioxide emissions will rise in 2018 with a new record from fossil fuels and industry for the second consecutive year . . . | |
| More Oil Demand News | More Oil Consumption News | ^Jump to the top^ | |
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| 5. News on Oil Output | ||||||||
| | 12 December 2018 : Kazakhstan increases oil and gas production {neweurope.eu} | |||||||
| Expected volume of oil production in Kashagan in 2018 can reach 13 million tons instead of the planned 12 million tons . . . | ||||||||
| | 12 December 2018 : Norwegian Sleipner natural gas outage extended into Dec 12 gas day {spglobal.com} | |||||||
| Natural gas production from the Norwegian Sleipner area will be reduced for longer than expected as the unplanned outage was extended . . . | ||||||||
| | 12 December 2018 : Eni must improve safety at Arctic oil field {epmag.com} | |||||||
| Italian oil company Eni must do more to improve safety at its Arctic Goliat oil field, which produces up to 100,000 barrels of crude per day . . . | ||||||||
| | 12 December 2018 : U.S. expected to end 2018 as world's top oil producer: EIA {Reuters} | |||||||
| U.S. crude oil output growth was expected to slow slightly for this year compared with previous forecasts . . . | ||||||||
| | 12 December 2018 : Canadian crude rises 70% on unprecedented output cuts {oilprice.com} | |||||||
| Since Alberta Premier Rachel Notley announced an oil production cut of 325,000 bpd beginning next month . . . | ||||||||
| | 12 December 2018 : Russia sees modest oil output cuts in January {epmag.com} | |||||||
| Russia plans to cut its oil output by at least 50,000 to 60,000 barrels per day in January, its energy minister . . . | ||||||||
| | 11 December 2018 : India's falling oil, gas production a concern: Minister {Economic Times} | |||||||
| India's falling oil and gas production is a matter of concern, Oil Minister Dharmendra Pradhan said, adding the government will soon . . . | ||||||||
| | 11 December 2018 : Jadestone Energy expects oil production at Montara to restart... {stockmarketwire.com} | |||||||
| Jadestone Energy said Tuesday its Montara facility was ready to resume oil production after an inspection had cleared the facility . . . | ||||||||
| | 11 December 2018 : Azerbaijan says November oil output rises to 801,000 bpd {Reuters} | |||||||
| Azerbaijan’s oil production rose to 801,000 barrels per day in November from 783,000 barrels per day in the previous month . . . | ||||||||
| | 11 December 2018 : Standard grade petrol output in Oman up 41% until October {timesofoman.com} | |||||||
| The production of standard grade petrol by Omani refineries has seen a robust 41 per cent jump to touch 11.92 million barrels . . . | ||||||||
| More Oil Output News | ^Jump to the top^ | ||||||||
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| 6. News on Oil Transportation | |
| | 12 December 2018 : Michigan Legislature passes Great Lakes oil pipeline bill {abc57.com} |
| The Michigan Legislature approved a bill Tuesday that would allow the replacement of a 65-year-old oil pipeline in a key Great Lakes waterway . . . | |
| | 12 December 2018 : US Energy Secretary urges Iraq to cut gas imports from Iran {thenational.ae} |
| US Energy Secretary Rick Perry visited Baghdad on Tuesday to urge Iraqi energy officials to reduce reliance on Iranian gas to run its power grid . . . | |
| | 12 December 2018 : Iran widens discount for crude to Asia {oilprice.com} |
| Iran is going to offer its crude to Asian buyers, to be delivered in January, at US$1 per barrel less than this month . . . | |
| | 12 December 2018 : Brazil oil regulator says Gasbol pipeline tender delayed {Reuters} |
| Brazil’s oil regulator ANP said on Tuesday that it will wait until January to open for public discussion the terms of a tender . . . | |
| | 12 December 2018 : Israeli gas line to Jordan lauded as boost for peace {algemeiner.com} |
| Work on the natural-gas pipeline running from Israel to Jordan is expected to conclude in the coming weeks . . . | |
| | 12 December 2018 : Kazakh president orders launch of Saryarka gas pipeline construction {azernews.az} |
| President of Kazakhstan Nursultan Nazarbayev has ordered to launch the construction of Saryarka main gas pipeline . . . | |
| | 11 December 2018 : Amendment to Gas Pipeline Act renews hope for LPG... {greaterkashmir.com} |
| There is renewed hope for the Bhatinda-Srinagar Gas Pipeline after State Administrative Council approved an amendment . . . | |
| | 11 December 2018 : India’s Petronet looking for long-term deal to buy US LNG {oilandgasinvestor.com} |
| Top Indian gas importer Petronet LNG is looking to sign a deal in a year’s time to buy at least 1 million tonnes of U.S. natural gas annually . . . | |
| | 11 December 2018 : Serbia hopes to start building TurkStream gas pipeline section in March {seenews.com} |
| Serbia hopes to start the construction of its section of the TurkStream pipeline for transit of Russian natural gas to Europe in March . . . | |
| | 11 December 2018 : Russia gas pipeline to boost grip on Ukraine, Europe... {channelnewsasia.com} |
| Russia is seeking to boost its power in Europe and grip over Ukraine with the proposed Nord Stream 2 natural gas pipeline . . . | |
| More Oil Transportation News | ^Jump to the top^ | |
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| 7. News on Oil companies | |
| | 12 December 2018 : Russian Gazprom Neft to join oil prospecting project on Sudanese shelf... {urdupoint.com} |
| Russian oil company Gazprom Neft is planning to participate in the project on studying the reserves potential of Sudan's continental shelf in the Red Sea . . . | |
| | 7 December 2018 : Enbridge to sell New Brunswick gas distribution... {hydrocarbons-technology.com} |
| Affiliates of Canadian natural-gas pipeline company Enbridge have signed an agreement to sell Enbridge Gas New Brunswick gas distribution business . . . | |
| | 6 December 2018 : CNPC and Venezuelan oil company invest RMB 65 bln to build... {chinaknowledge.com} |
| China National Petroleum Corporation which is one of the country's largest energy companies, has commenced construction . . . | |
| | 30 November 2018 : Idaho regulators agree to settlement with Texas oil company {idahopress.com} |
| A Texas oil company has agreed to pay $4,000 for not complying with Idaho rules, state oil and gas regulators said . . . | |
| | 28 November 2018 : Mexico: 70-year-old oil field has billion-barrel potential {680news.com} |
| Mexico’s state-owned oil company says studies on the 70-year-old Ixachi field in southern Veracruz state indicates it holds a whopping one billion barrels . . . | |
| | 21 November 2018 : Oman Oil Company and Orpic to merge {arabianindustry.com} |
| The board of directors of Oman Oil Company and Orpic announced the appointment of Musab Abdullah Al Mahruqi as the group CEO . . . | |
| | 19 November 2018 : Iranian oil minister appoints new head of national oil company... {urdupoint.com} |
| Iranian Petroleum Minister Bijan Zangeneh appointed the country's former Economy Minister Masoud Karbasian as the new managing director . . . | |
| | 13 November 2018 : Gazprom, Sinopec to be top spenders across oil and gas... {oilreviewmiddleeast.com} |
| Gazprom, Russia-based natural gas company, and China Petrochemical Corp will be the top spenders among global oil and gas companies . . . | |
| | 12 November 2018 : Mubadala’s oil investments top $40 billion {tradearabia.com} |
| The petroleum and petrochemicals platform of Mubadala Investment Company accounts for Dh150 billion of the company’s Dh800 billion portfolio . . . | |
| | 7 November 2018 : Repsol Sinopec’s business plan fully focused on North Sea {energyvoice.com} |
| Performance has “never been better” at Repsol Sinopec Resources UK, the joint venture’s chief executive said . . . | |
| More news on oil companies | ^Jump to the top^ | |
| 8. Oil Contracts | |
| | 12 December 2018 : NYK signs two more charter contracts with Total {lngworldshipping.com} |
| Japan’s NYK Line will deploy two newbuild, 174,000-m3 capacity LNG carriers for Total under a long-term contract . . . | |
| | 11 December 2018 : Egypt inks $14bln oil deals in 5 years: Minister {zawya.com} |
| Egypt has signed nearly 63 oil and gas agreements with $14 billion in investments during the period from 2014 to 2018 . . . | |
| | 11 December 2018 : Energy firm DEA signs technology deal with Cognite for German... {Reuters} |
| Oil and gas firm DEA will partner with Norway’s Cognite to put new technology into its Mittelplate oilfield in Germany . . . | |
| | 10 December 2018 : Abu Dhabi reveals blockchain plan as it strikes oil, gas concession deals {arabnews.com} |
| Abu Dhabi on Sunday struck two oil and gas concession deals, as well as announcing plans to use blockchain technology in the field of energy . . . | |
| | 9 December 2018 : Joint exploration may settle SCS row {philstar.com} |
| The recently signed memorandum of understanding between the Philippines and China on joint oil and gas development could serve as . . . | |
| | 7 December 2018 : Eni's Indonesia gas project to start up in 2021 under new contract... {steelguru.com} |
| Reuters reported that energy company Eni aims to start output of natural gas from its offshore Merakes project in Indonesia in 2021 . . . | |
| | 7 December 2018 : Sapura Energy consortium bags RM3b India contract {theedgemarkets.com} |
| Shareholders of global oil and gas services and solutions provider, Sapura Energy Bhd, have two reasons to cheer . . . | |
| | 6 December 2018 : Meridian Energy lets contract for North Dakota refinery {ogj.com} |
| Meridian Energy Group Inc. has let a contract to McDermott International Inc. to finalize front-end engineering design . . . | |
| | 5 December 2018 : Energy Equity’s contract in Sengkang block extended to 2042 {thejakartapost.com} |
| The government on Tuesday extended the contract of Jakarta-based Energy Equity Epic Pty Ltd in Sengkang Block . . . | |
| | 5 December 2018 : Scorpio Tankers signs $79.6m deal to buy scrubbers... {ship-technology.com} |
| Scorpio Tankers has signed a set of agreements, worth approximately $79.6m, with unnamed third parties . . . | |
| More news on oil contracts | ^Jump to the top^ | |
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| 9. News on Oil stocks | |
| | 12 December 2018 : UK Oil & Gas ups stake in Arreton project with Solo Oil deal {proactiveinvestors.co.uk} |
| UK Oil & Gas Plc chief executive described himself as delighted with a deal to increase the explorer’s stake in the Arreton oil discovery . . . | |
| | 11 December 2018 : Azinor Catalyst receives interest for stake in planned UK wells {offshore-technology.com} |
| Exploration and production company Azinor Catalyst has received a letter of intent from unidentified parties for the acquisition . . . | |
| | 11 December 2018 : Qatar Petroleum to buy stake in Exxon Mobil... {oilandgasinvestor.com} |
| Qatar Petroleum said Dec. 8 it had agreed to buy a 10% participating interest in three of Exxon Mobil Corp.'s offshore exploration blocks . . . | |
| | 10 December 2018 : Noble Energy acquires Bakken and Eagle Ford shale assets {worldpipelines.com} |
| Noble Energy Partners has purchased working interests and overriding royalty interests in 13 Bakken and 2 Eagle Ford shale horizontal wells . . . | |
| | 10 December 2018 : Abu Dhabi says CEFC’s 4% onshore stake transferred to China... {gulfbusiness.com} |
| Abu Dhabi National Oil Company has announced that a 4 per cent in its onshore concession previously held . . . | |
| | 10 December 2018 : Mitsubishi sells out of Kimberley oil prospects to Buru Energy... {thewest.com.au} |
| Mitsubishi has sold its interests in two Kimberley onshore oil prospects to partners Buru Energy and Rey Resources . . . | |
| | 10 December 2018 : Egypt approves BP purchase of 25 percent of Nour gas concession {Reuters} |
| BP and UAE-based Mubadala Investment Co are to buy stakes in the Nour deepwater gas concession off the northern coast of Sinai . . . | |
| | 10 December 2018 : PV Oil to sell State’s stake {vietnamnews.vn} |
| PetroVietnam Oil Corporation, the second-largest petrol dealer in the country, will sell the State’s stake in a package deal . . . | |
| | 8 December 2018 : Shell, Vista swap assets in Vaca Muerta shale play {kallanishenergy.com} |
| Royal Dutch Shell has completed an asset swap in Argentina’s Vaca Muerta Shale play with Mexico-listed oil company Vista Oil & Gas . . . | |
| | 7 December 2018 : Predator ramps up Irish gas drill plans {irishexaminer.com} |
| International exploration company Predator Oil and Gas will, next month, accelerate efforts to land partners to help develop gas assets . . . | |
| More news on oil stocks | ^Jump to the top^ | |
FPSO For Long Term Time Charter |
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| 10. News on Oil Pollution | |
| | 12 December 2018 : China vows to tackle marine pollution in Bohai Sea {Reuters} |
| China has promised to take action to significantly reduce the volume of industrial wastewater flowing into the Bohai Sea . . . | |
| | 12 December 2018 : Husky Energy deeply sorry for oil spill off Newfoundland {oedigital.com} |
| Canada's petroleum company Husky Energy submitted a preliminary report about the largest-ever oil spill in Newfoundland . . . | |
| | 11 December 2018 : 60,000 liters of oil spills from pipeline into Brazilian bay {peoplesworld.org} |
| About 60,000 liters of oil spilled from a pipeline into the Estrela River and spread to Rio de Janeiro’s famed Guanabara Bay over the weekend . . . | |
| | 10 December 2018 : North Sea oil field reawakened seven years after leak {energyvoice.com} |
| An oil field in the central North Sea has resumed production seven years after a leak forced its shutdown . . . | |
| | 10 December 2018 : Coast Guard: Crude oil well leaking in Rattlesnake Bayou {fox8live.com} |
| The U.S. Coast Guard is responding to a crude oil spill near Port Sulphur, La. in the Rattlesnake Bayou, according to a Coast Guard news release . . . | |
| | 9 December 2018 : Kiwi mining company fined $60,000 after 4000 litre diesel... {tvnz.co.nz} |
| Waikato Regional Council hopes a hefty penalty on a mining company over a diesel spill will deter other firms from making similar mistakes. Taharoa . . . | |
| | 8 December 2018 : North Atlantic oil refinery reports oil leak {thewesternstar.com} |
| North Atlantic Refining Ltd. in a statement said it immediately activated its response procedure, and within one hour the product was contained . . . | |
| | 8 December 2018 : Peru oil pipeline remains under siege {argusmedia.com} |
| PetroPeru suspended the pipeline operations on 27 November. Canada's Frontera Energy, which uses the line to move crude from block 192 in the northern jungle . . . | |
| | 7 December 2018 : SeaRose spill proves we can’t open marine protected areas for drilling {ipolitics.ca} |
| The largest-ever oil spill off the coast of Newfoundland has come and almost gone from sight, with little fanfare and only a fraction of the notice . . . | |
| | 6 December 2018 : India may pick natural gas over fuel like China to curb pollution {Economic Times} |
| China’s dramatic increase in liquefied natural gas imports over the past two years may have hogged the headlines . . . | |
| More Oil Pollution news | ^Jump to the top^ | |
| 11. OPEC News | |
| | 12 December 2018 : OPEC daily basket price announced for Monday {urdupoint.com} |
| The price of OPEC basket of fifteen crudes stood at US$59.72 a barrel on Monday, 10th December, compared with US$59.20 the previous Friday . . . | |
| | 11 December 2018 : UAE- OPEC daily basket price announced for Friday {menafn.com} |
| The price of OPEC basket of fifteen crudes stood at US$59.20 a barrel on Friday, 7th December, compared with US$58.79 the previous day . . . | |
| | 11 December 2018 : Opec to sign cooperation with countries outside the group... {thenational.ae} |
| Opec will sign its a cooperation agreement with countries outside the group led by Russia in three months formalising the existing partnership . . . | |
| | 10 December 2018 : Analysis: Asian refiners may cheer Qatar's exit from OPEC {spglobal.com} |
| Qatar's decision to leave the OPEC may work in favor of major Asian oil consumers as the Persian Gulf producer . . . | |
| | 10 December 2018 : OPEC coalition cuts unlikely to affect US shale output... {hellenicshippingnews.com} |
| Saudi Arabia’s energy minister Khalid Al-Falih said that US oil and natural gas producers were breathing a sigh of relief over the planned production cut . . . | |
| | 10 December 2018 : Qatar withdraw from OPEC may increase Iran’s production... {en.mehrnews.com} |
| Dr. Luciano Zaccara says Qatar withdraw from OPEC may increase the quota that OPEC may allocate to Iran . . . | |
| | 9 December 2018 : Opec's battles to keep oil market stable {thisdaylive.com} |
| Member countries of OPEC stood up to defend their interests two years ago when the global oil market reportedly went into a precarious . . . | |
| | 9 December 2018 : Opec countries agree on reducing oil production {kozweek.com} |
| The organization of countries-exporters of oil and the OPEC States that are not members of this organization, including Russia, agreed to . . . | |
| | 8 December 2018 : OPEC ministers, Russia, meeting for oil production cut talks {citynews1130.com} |
| OPEC countries are mulling a possible cut to oil production in an attempt to stabilize prices as they meet for a second straight day . . . | |
| | 7 December 2018 : OPEC suggests non-OPEC countries to take one third of total reduction... {tass.com} |
| OPEC ministers discussed the oil production cut by 0.9-1.0 mln barrels per day within the Organization’s framework . . . | |
| More OPEC News | ^Jump to the top^ | |
| 12. General Oil News | |
| | 10 December 2018 : Wartsila builds 130 MW Mexico gas plant in 11 months {powerengineeringint.com} |
| The plant is in the city of Monterrey and operates on seven Wärtsilä 50SG gas engines, each with an output of 18.7 MW . . . | |
| | 10 December 2018 : Mexico starts oil industry rescue with refinery overhaul {startribune.com} |
| Mexico's new government detailed plans Sunday to build an $8 billion oil refinery in the home state of President Andres Manuel Lopez Obrador . . . | |
| | 9 December 2018 : Libyan state oil firm scrambles to keep El Sharara oilfield... {euronews.com} |
| Libyan state security on Saturday threatened to shut down production at the giant El Sharara oilfield but the field remains open, state . . . | |
| | 9 December 2018 : Protesters shut down oil field in southern Libya {xinhuanet.com} |
| A group of protesters on Saturday shut down Al-Sharara oil field in southern Libya, demanding better security and services, local media . . . | |
| | 9 December 2018 : Oil workers in Nigeria speak on nationwide strike {360nobs.com} |
| The Oil workers unions under the auspices of the Nigeria Union of Petroleum and Natural Gas Workers and Petroleum and Natural Gas . . . | |
| | 8 December 2018 : Norway approves Troll phase 3 development plan {youroilandgasnews.com} |
| The Ministry of Petroleum and Energy has approved the plan for development and operation of the Troll Phase 3 development . . . | |
| | 7 December 2018 : Texas and New Mexico shale basins hold 49 years worth of oil {Economic Times} |
| The largest oil field in the United States holds as much as 49 years worth of oil at current production rates . . . | |
| | 7 December 2018 : Traded oil futures on TOCOM rise 2% on month to 545,658 trades in Nov {spglobal.com} |
| Traded Oil futures on the Tokyo Commodity Exchange inched up 1.65% month on month to 545,658 trades in November, data provided . . . | |
| | 5 December 2018 : Hibiscus to invest RM200mil to develop oil and gas fields {thestar.com.my} |
| Hibiscus Petroleum Bhd is planning to spend close to RM200mil in capital expenditure for development of its oil and gas fields . . . | |
| | 5 December 2018 : Argentina announces US$2.3b joint shale oil project with Petronas {malaysiakini.com} |
| Argentina's state-controlled energy company YPF and Malaysia's Petronas are forming a joint venture to invest US$2.3 billion over . . . | |
| More General Oil News | ^Jump to the top^ | |
| 13. News on Biofuels | |
| | 12 December 2018 : Biofuel firm Neste to invest $2.2b in Singapore production {straitstimes.com} |
| Finnish biofuel producer and oil refiner Neste said on Wednesday it will boost its biofuel production capacity in Singapore . . . | |
| | 12 December 2018 : CIF Philippines fuel ethanol price hits four-month low at $415.33/cu m {spglobal.com} |
| CIF Philippines fuel-grade ethanol has hit a four-month low on Tuesday when it was assessed at $415.33/cu m, down $4.67/cu m day on day . . . | |
| | 12 December 2018 : Imee urges gov’t to increase ethanol blend in fuel {manilastandard.net} |
| Imee Marcos has called on government to increase the country’s ethanol blend to keep fuel prices low amid the looming implementation . . . | |
| | 12 December 2018 : Low river levels in Germany continue to push biodiesel... {biodieselmagazine.com} |
| It is often argued that the EU biofuels policy drives prices for agricultural feedstock, yet there is nothing to prove this . . . | |
| | 12 December 2018 : Center-South Brazil H2 November cane crush falls 31.5%... {spglobal.com} |
| A total of 14.578 million mt of sugarcane ws crushed in Center-South Brazil during the second half of November . . . | |
| | 11 December 2018 : China set to triple its ethanol production capacity: government researcher {Reuters} |
| China is set to more than triple its ethanol production capacity by 2020, a government researcher said on Tuesday . . . | |
| | 11 December 2018 : New Energy presses on with cellulosic ethanol {agweek.com} |
| New Energy Blue LLC is about five months away from finishing engineering and permitting on a $150 million plant . . . | |
| | 11 December 2018 : Maharashtra government to produce ethanol, CNG from cashew apple {dnaindia.com} |
| Amidst rising chorus for green fuel, the Maharashtra government has proposed to produce ethanol and compressed natural gas . . . | |
| | 11 December 2018 : Chicago Argo ethanol reaches lowest level since 2003 {spglobal.com} |
| S&P Global Platts benchmark Chicago Argo ethanol assessment Monday reached its lowest level in more than 15 years . . . | |
| | 10 December 2018 : Indonesia plans to make 30 percent biodiesel blend mandatory... {thejakartapost.com} |
| While the government expanded the mandatory use of a 20 percent biodiesel blend in September, it plans to further boost domestic biodiesel . . . | |
| More Biofuels News | ^Jump to the top^ | |
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