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| 1. News on Oil Prices | |
 | 26 June 2017 : Summer gas prices reach lowest point since 2005 {cecildaily.com} |
| Americans are used to feeling a pinch at the pumps when it comes to summer travel, but prices this year may leave a little more in the pocket than previous years . . . | |
| | 26 June 2017 : Korean government planning to raise tax on diesel fuel {businesskorea.co.kr} |
| The Korean government is looking to raise its tax on diesel fuel for particulate matter reduction. Specifically, what it is planning to do is raise the price of diesel fuel . . . | |
| | 26 June 2017 : CPC fuel prices to fall to lowest level in 8 months {focustaiwan.tw} |
| State-owned oil refiner CPC Corporation, Taiwan said it will cut its domestic gasoline and diesel prices by NT$0.3 per liter this week . . . | |
| | 26 June 2017 : A week on, petrol/diesel prices dip in daily revision {Economic Times} |
| Petrol prices have been cut by Rs 1.77 per litre and diesel by 88 paise a litre ever since the daily revision in rates was implemented just over a week back . . . | |
| | 26 June 2017 : Average US gas price drops 7 cents, as crude cost falls {sacramento.cbslocal.com} |
| The average price of a gallon of regular-grade gasoline dropped 7 cents nationally over the past two weeks, to $2.32 . . . | |
| | 26 June 2017 : The US shale oil industry is booming despite low crude prices {businessinsider.com} |
| According to oil services firm Baker Hughes, the number of rigs deployed in the US rose for a 23rd consecutive week last week . . . | |
| | 26 June 2017 : Oil jumps one percent on weaker dollar, but rise in U.S. drilling drags {Reuters} |
| Oil prices rose more than 1 percent early on Monday on a weaker dollar, but another rise in U.S. drilling activity stoked worries . . . | |
| | 25 June 2017 : Gasoline prices drop below $2 in many parts of St. Joseph {newspressnow.com} |
| Several convenience stores in St. Joseph sell gasoline at $1.99 per gallon. The low gas prices are due to supply and . . . | |
| | 25 June 2017 : Petrol at its lowest price this year - expected to slip still {thisismoney.co.uk} |
| Fuel prices have fallen to the lowest levels this year and are set to slide still further as the cost of oil continues to . . . | |
| | 24 June 2017 : Global crude price of Indian basket was $43.85/bbl on June 22 {theindianawaaz.com} |
| The international crude oil price of Indian Basket as computed/published today by Petroleum Planning and Analysis Cell . . . | |
| More news on Oil Prices | ^Jump to the top^ | |
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| 2. Rig News | |||||||||||||
| | 26 June 2017 : Gulf rig count stalls second consecutive week {dailycomet.com} | ||||||||||||
| The Gulf rig count, a key barometer for Houma-Thibodaux’s oil-based economy, stood at 21, the same as the previous week . . . | |||||||||||||
| | 25 June 2017 : US rig count rises this week by 8, to 941 {ktuu.com} | ||||||||||||
| The number of rigs exploring for oil and natural gas in the U.S. rose by eight this week to 941. A year ago, just . . . | |||||||||||||
| | 24 June 2017 : Aqualis assists pre-monsoon India rig moves {offshore-mag.com} | ||||||||||||
| Aqualis Offshore, working with the ONGC Rigmove cell, assisted most of the relocations prior to the arrival of the seasonal weather conditions . . . | |||||||||||||
| | 24 June 2017 : Overall U.S. and Louisiana rig counts up from 2016... {theadvocate.com} | ||||||||||||
| Despite a prolonged slump in oil prices, U.S. oil-drilling activity is more than double what it was a year ago and Louisiana's overall count is up . . . | |||||||||||||
| | 24 June 2017 : U.S. oil rig count rises for 23rd week in a row {oilprice.com} | ||||||||||||
| The number of active oil and gas rigs in the United States rose again this week by 8—marking 23 weeks of gains and continuing to press upon . . . | |||||||||||||
| | 23 June 2017 : Aban Offshore signs contract with Brunei Shell Petroleum {indiainfoline.com} | ||||||||||||
| The objective of the contract is deployment of a jack-up rig Deep Driller 5 offshore Brunei Darussalam. The contract is for a firm period of five years . . . | |||||||||||||
| | 23 June 2017 : Aquaterra managing North Sea well abandonments from jackup {offshore-mag.com} | ||||||||||||
| Aquaterra Energy has a contract to supply subsea high-pressure riser equipment for a 10-well subsea abandonment program in the UK central North Sea . . . | |||||||||||||
| | 22 June 2017 : Maersk wins work for jack-up rig {energyvoice.com} | ||||||||||||
| Maersk Drilling vice president Michael Reimer Mortensen said: “With the new contract secured for Maersk Resolve . . . | |||||||||||||
| | 21 June 2017 : SOCAR overhauls platform in offshore field {azernews.az} | ||||||||||||
| Azerbaijan’s state oil company SOCAR has commissioned the platform №500 after a major overhaul at the Darwin Bank offshore . . . | |||||||||||||
| | 21 June 2017 : Siccar Point Energy hires West Hercules rig for UK work {maritimeherald.com} | ||||||||||||
| Offshore driller North Atlantic Drilling Ltd (NADL) has been awarded a one-well contract with Siccar Point Energy E&P (SPE) . . . | |||||||||||||
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| 3. News on Oil Exploration | |
| | 26 June 2017 : Russia finds new oil field in Arctic {realnoevremya.com} |
| On Sunday, Russian Rosneft announced a discovery of a new oil field in the Arctic Laptev Sea. Rosneft's discovery . . . | |
| | 26 June 2017 : Norway offers oil companies 93 new blocks in Arctic waters {digitaljournal.com} |
| Norway, a global leader on climate change, has announced plans to open up record 93 blocks for Arctic oil exploration . . . | |
| | 25 June 2017 : Canada to allow oil and gas exploration in protected area {theweathernetwork.com} |
| A large Marine Protected Area (MPA) planned for Canada’s East Coast will allow oil and gas exploration in much of its . . . | |
| | 24 June 2017 : Greece approves oil exploration applications from Total-ExxonMobil... {epmag.com} |
| Greece approved applications submitted by a consortium of Total, ExxonMobil and Hellenic Petroleum for oil and gas exploration and drilling off the island of Crete . . . | |
| | 24 June 2017 : France to stop granting oil exploration licences {france24.com} |
| France’s star environment minister, Nicolas Hulot, has unveiled a first set of eco-friendly measures, including a moratorium on new oil and gas exploration licenses . . . | |
| | 23 June 2017 : SOCAR’s 2D survey on offshore block continues successfully {azernews.az} |
| The Azerbaijani state oil company SOCAR is successfully holding a 2D seismic survey at the Sangachal-Duvanni-Khara-Zira block of fields . . . | |
| | 23 June 2017 : Mexico's oil regulator trims area of upcoming oil tender {Economic Times} |
| Mexico's oil regulator on Thursday said it removed two areas within a block of oil exploration and production rights to be auctioned next month . . . | |
| | 23 June 2017 : Statoil gains approval for Njord and Bauge fields... {offshore-technology.com} |
| Statoil’s plans for development and operationof Njord and Bauge fields in the Norwegian Sea have been approved by Norway's Ministry of Petroleum and Energy . . . | |
| | 23 June 2017 : UK wants to revive gas extraction in oldest part of North Sea oil basin {Reuters} |
| Britain wants oil and gas drillers to recover pockets of gas that are more difficult to reach in a part of the North Sea where drilling for fossil fuels started . . . | |
| | 23 June 2017 : Carnarvon Petroleum to unlock opportunities with... {proactiveinvestors.com.au} |
| Carnarvon Petroleum is joining with Northern Oil & Gas Australia Pty Limited on a collaborative data sharing project . . . | |
| More news on Oil Exploration | ^Jump to the top^ | |
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| 4. News on Oil Demand and Oil Consumption | |
| | 25 June 2017 : China, India, Japan hamper Asia oil demand growth {energyinfrapost.com} |
| As the global oil market frets about a stubborn supply glut, faltering demand growth in key Asian crude importers is . . . | |
| | 24 June 2017 : API: Petroleum demand last month highest for May... {hellenicshippingnews.com} |
| Total petroleum deliveries in May moved up by 4.9 percent from May 2016 to average 20.1 million barrels per day . . . | |
| | 25 June 2017 : Crude oil supply growth to outpace rise in consumption in 2018 {/appsforpcdaily.com} |
| The price of a barrel of oil fell further to $47.12 on Wednesday after new data from the American Petroleum . . . | |
| | 24 June 2017 : Cheaper gasoline should give limited boost to U.S. fuel consumption... {Reuters} |
| Cheaper gasoline prices should spur an increase in driving in the United States and provide a limited boost for gasoline consumption over the summer . . . | |
| More Oil Demand News | More Oil Consumption News | ^Jump to the top^ | |
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| 5. News on Oil Output | ||||||||
| | 26 June 2017 : FTSE struggles as oil production remains high {shareprices.com} | |||||||
| While most oil companies struggled, BP and Royal Dutch Shell managed to shake off some of the pessimism to close up slightly . . . | ||||||||
| | 26 June 2017 : Ghana’s Sankofa field begins oil production three months early {oilreviewafrica.com} | |||||||
| Eni, Italian multinational oil and gas company, has announced that it will start commercial production at Ghana’s Sankofa field in July 2017 . . . | ||||||||
| | 26 June 2017 : RIL and BP to develop deep water gas fields {navhindtimes.in} | |||||||
| To develop R-Series deepwater gas fields in India as first of three projects and to expand partnership downstream and in other areas including differentiated fuels . . . | ||||||||
| | 26 June 2017 : Pemex may import over 3.5 mln barrels of gasoline after fire {hellenicshippingnews.com} | |||||||
| Mexico’s Pemex could import additional 10 shipments of gasoline in the coming weeks for a total of more than 3.5 million barrels . . . | ||||||||
| | 26 June 2017 : Clogged oil arteries slow U.S. shale rush to record output {Reuters} | |||||||
| A gallon of gasoline that allows a driver on the U.S. East Coast to travel about 25 miles has already navigated thousands of miles from an oil field . . . | ||||||||
| | 26 June 2017 : Speculators cut U.S. natgas net longs for 5th week in a row... {hellenicshippingnews.com} | |||||||
| U.S. natural gas speculators cut their net long positions for a fifth week in a row as stockpiles remain unusually high after one of the warmest winters on record . . . | ||||||||
| | 26 June 2017 : ONGC turns to GSPCs undersea infra for KG gas output {outlookindia.com} | |||||||
| Oil and Natural Gas Corporation (ONGC) plans to use undersea infrastructure of Gujarat firm GSPC to produce gas from its own KG-basin fields in the Bay of Bengal . . . | ||||||||
| | 25 June 2017 : Iran targets 4 mbpd crude oil output by March 2018 {financialtribune.com} | |||||||
| Oil Minister Bijan Namdar Zanganeh said Iran aims to increase crude oil production by around 200,000 barrels a . . . | ||||||||
| | 25 June 2017 : Tropical storm Cindy cripples Gulf of Mexico oil production {oilprice.com} | |||||||
| Tropical storm Cindy—which made landfall in southwest Louisiana on Thursday and is moving northeast across the . . . | ||||||||
| | 25 June 2017 : Oil prices fall on Opec output increase, rising US crude stocks {pppfocus.com} | |||||||
| At the same time, overall global demand is expected to pick up by 1.4 million bpd to 99.3 million bpd next year, the . . . | ||||||||
| More Oil Output News | ^Jump to the top^ | ||||||||
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| 6. News on Oil Transportation | |
| | 26 June 2017 : Cheniere's LNG market share expands as Korea contract starts {bloomberg.com} |
| Cheniere Energy Inc., the sole exporter of liquefied natural gas from U.S. shale basins, commenced a 20-year supply agreement . . . | |
| | 26 June 2017 : Export capacity reaches 8mn bpd at Iran’s largest oil terminal {en.mehrnews.com} |
| NITC head said preparation of nine docks at Kharg oil terminal have increased its export capacity to approximately eight million barrels per day . . . | |
| | 26 June 2017 : Korea’s first U.S. shale gas import to enter the country in July {pulsenews.co.kr} |
| South Korea will receive its first shale gas cargo from the United States next month, a move that is expected to help reduce . . . | |
| | 26 June 2017 : Construction of IGB to start in mid-2018 {en.trend.az} |
| Construction of the Interconnector Greece-Bulgaria (IGB) will start in mid-2018 and it will be ready for operation in early 2020 . . . | |
| | 26 June 2017 : Rosneft will export gas from Zohr project in Egypt... {hellenicshippingnews.com} |
| Russian top oil producer Rosneft, which is buying a 30% stake in the project to develop the Shorouk block in Egypt’s offshore zone . . . | |
| | 26 June 2017 : Crisis-stricken Venezuela looks to import fuel {oilprice.com} |
| Venezuela is seeking more than 13 million barrels of fuel imports by the end of the year, which constitutes about a third of what the South American nation needs annually . . . | |
| | 25 June 2017 : Russian gas pipeline triggers Transatlantic spat {thecorner.eu} |
| An Americans sanctions bill that explicitly mentions the Nord Stream 2 pipeline has set off alarm bells in Berlin and . . . | |
| | 25 June 2017 : Trans-Alaska oil pipeline celebrates 40th anniversary {sfgate.com} |
| The work and effort put into completing the Trans Alaska Pipeline System and its constant maintenance is an . . . | |
| | 24 June 2017 : Work to start soon at Cookstown on major gas pipeline {midulstermail.co.uk} |
| Cookstown will be the latest area to experience development works for gas connections as part of the multi-million pounds Gas to the West energy infrastructure project . . . | |
| | 24 June 2017 : Australia sets date for LNG export controls despite industry... {hellenicshippingnews.com} |
| Australia is set to apply LNG export controls, aimed at securing domestic supply of gas and keeping prices of the fuel in check . . . | |
| More Oil Transportation News | ^Jump to the top^ | |
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| 7. News on Oil companies | |
| | 25 June 2017 : Gazprom smells opportunity as UK’s top gas store shuts {gulf-times.com} |
| Gazprom PJSC is in talks to ramp up natural gas sales in the UK as coal plants are shuttered and the nation’s . . . | |
| | 24 June 2017 : Russia's Novatek aims topple Qatar from LNG top spot {Reuters} |
| Russian gas producer Novatek aims to topple Qatar as the world's biggest exporter of liquefied natural gas as it gets closer to completing its first LNG project . . . | |
| | 23 June 2017 : Venezuela's PDVSA to buy up to 17 fuel cargoes on the open market... {Reuters} |
| Venezuela's oil company PDVSA is seeking to buy up to 6.32 million barrels of fuel in one of its largest offers on the open market in recent years . . . | |
| | 22 June 2017 : OMV’s reshaped global oil business paying off {ft.com} |
| OMV, the Austrian oil and gas company, has ridden on the country’s perceived neutrality to expand activities . . . | |
| | 22 June 2017 : LekOil continue to advance Otakikpo and Ogo assets in Nigeria {proactiveinvestors.co.uk} |
| A new well is planned at the Ogo discovery, though the producing Otakikpo field is the immediate focus for the company . . . | |
| | 22 June 2017 : Canada's Cenovus facing tough market for critical asset sales {Reuters} |
| Cenovus Energy Inc's efforts to sell C$5 billion ($3.8 billion) of energy assets, already facing a rocky road because weak . . . | |
| | 21 June 2017 : FG receives N29.3bn from Chinese oil firm {vanguardngr.com} |
| The Federal Government received a total payment of 539.578 million Yuan, about $81.329 million, from a Chinese oil . . . | |
| | 21 June 2017 : Australia's Woodside says Senegal govt confirms company's... {Reuters} |
| Australia's Woodside Petroleum said on Wednesday that Senegal's energy minister had issued an order confirming the company's . . . | |
| | 20 June 2017 : EC clears Shell’s sale of Northern North Sea Petroleum... {Energy Business Review} |
| Royal Dutch Shell has received the European Commission approval to sell Northern North Sea petroleum operations to . . . | |
| | 20 June 2017 : Mosman Oil and Gas raises £600,000 to support... {proactiveinvestors.co.uk} |
| Mosman Oil And Gas Limited has raised £600,000 though a share placing as it continues efforts to find secure new opportunities . . . | |
| More news on oil companies | ^Jump to the top^ | |
| 8. Oil Contracts | |
| | 26 June 2017 : Dubai's Dodsal wins deal for $1.1bn Algeria gas project {arabianbusiness.com} |
| Dubai-based Dodsal Group has been awarded a contract from Sonatrach, Algeria's state energy producer, to execute engineering . . . | |
| | 23 June 2017 : Rosneft closes $12.9-b deal with Essar Oil {thehindubusinessline.com} |
| Russian major Rosneft on Thursday said that it has finally closed the $12.9-billion acquisition of Essar group’s oil business . . . | |
| | 23 June 2017 : Iran, Total expect to sign biggest gas field deal in weeks {theglobeandmail.com} |
| Iran and France’s Total SA expect to sign a contract to develop part of the world’s biggest natural gas field in the next few weeks . . . | |
| | 22 June 2017 : Empyrean pleased with new Sacgasco deal {digitallook.com} |
| Empyrean announced on Wednesday that it entered into a new agreement with Sacgasco to increase its interest in the package . . . | |
| | 19 June 2017 : Eni to sign deal to survey 2 Iran oil, gas fields {financialtribune.com} |
| Italian oil and gas giant Eni is expected to sign a memorandum of understanding with the National Iranian Oil Company on . . . | |
| | 19 June 2017 : Aquaterra inks subsea P&A project {oedigital.com} |
| UK-based engineering firm Aquaterra Energy has won a major contract to supply subsea high pressure riser (HPR) equipment . . . | |
| | 19 June 2017 : Iran sees gas deal with Total within weeks – minister {hellenicshippingnews.com} |
| Iran expects to sign a long-delayed gas deal with French oil major Total in the next few weeks, Iranian Oil Minister . . . | |
| | 14 June 2017 : TechnipFMC awarded EPCI contract extension {oilfieldtechnology.com} |
| TechnipFMC has secured an extension to its ongoing Engineering, Procurement and Construction (EPC) contract from . . . | |
| | 12 June 2017 : Statoil inks Garantiana tieback study {oedigital.com} |
| Wood Group has been awarded two new contracts by Statoil to deliver concept and feasibility studies to their Norwegian . . . | |
| | 12 June 2017 : Zimbabwe and South Sudan negotiate oil deal {sudantribune.com} |
| Zimbabwe and South Sudan are negotiating oil and other bilateral trade agreements as they deepen their political relations . . . | |
| More news on oil contracts | ^Jump to the top^ | |
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| 9. News on Oil stocks | |
| | 26 June 2017 : HPCL joins talks to buy stake in Russian oil fields {Economic Times} |
| State-owned Hindustan Petroleum Corporation has joined the Indian consortium negotiating buying a 49 per cent stake in Russia's Vankor Cluster oil fields . . . | |
| | 25 June 2017 : The Deutsche bank AG cuts Tullow Oil Plc price target... {bangaloreweekly.com} |
| A number of other research analysts also recently issued reports on TLW. GMP Securities restated a “reduce” rating . . . | |
| | 24 June 2017 : NOC and Austria’s OMV look to expansion at Nafoura oil field {libyaherald.com} |
| As part of the National Oil Corporation’s plans to increase production, agreement has been reached in principle with Austria’s OMV to invest . . . | |
| | 24 June 2017 : Pandion takes Tullow's Cara stake {oedigital.com} |
| Pandion Energy has been pre-qualified as licensee on the Norwegian Continental Shelf and received an approval for the acquisition of all licenses i . . . | |
| | 23 June 2017 : Noble Midstream to buy additional stake in Noble Energy’s... {Energy Business Review} |
| Noble Midstream Partners has agreed to acquire additional interests in Colorado River DevCo and Blanco River DevCo from Noble Energy for around $270m . . . | |
| | 22 June 2017 : Sanchez Energy divests Eagle Ford shale assets for $50m {nasdaq.com} |
| Sanchez Energy Corporation SN recently divested its Eagle Ford Shale Marquis asset to Fort Worth based oil and gas company . . . | |
| | 21 June 2017 : Occidental Petroleum to divest non-strategic Permian Basin... {Energy Business Review} |
| Texas-based Occidental Petroleum will raise around $600m by divesting some of its non-strategic assets in the Permian Basin . . . | |
| | 21 June 2017 : Solo Oil continues farm-out efforts as Ntorya advances... {proactiveinvestors.co.uk} |
| The plan is to sell at least some of Solo's 25% stake in the Ntorya gas discovery when a 25-year development . . . | |
| | 20 June 2017 : Hess to sell assets in Permian Basin for $600 million {chron.com} |
| Hess Corp. has inked a deal to sell its stakes in some oil-producing assets in West Texas and New Mexico for $600 million, the . . . | |
| | 18 June 2017 : USA crude stockpiles dip, gasoline builds unexpectedly {newburghgazette.com} |
| "For OPEC, an oversupply headache became a migraine", said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore. Opec . . . | |
| More news on oil stocks | ^Jump to the top^ | |
FPSO For Long Term Time Charter |
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| 10. News on Oil Pollution | |
| | 25 June 2017 : Hundreds of gallons of oil overflow into Breton Sound {nola.com} |
| Clean-up operations are underway to recover 1,350 gallons of crude oil that reportedly spilled Saturday morning . . . | |
| | 24 June 2017 : Deepwater Horizon oil spill grants fund critical coastal research {eurekalert.org} |
| Enhancing sediment retention of diversions and improving flood-risk assessment are among the 13 studies recently funded through the first round . . . | |
| | 23 June 2017 : New oil spill clean-up continues {battlecreekenquirer.com} |
| The DEQ is estimating as many as 4,000 gallons of oil and 20,000 gallons of brine or salt water has leaked from a small hole in an underground pipe . . . | |
| | 23 June 2017 : Ecuador oil spill case moves abroad after US Supreme Court setback {foxnews.com} |
| After the Supreme Court earlier this week declined to hear arguments in a nearly 25-year-old case alleging that Chevron is liable . . . | |
| | 22 June 2017 : EPA wants to make marine pollution fines 200 times higher {chinapost.com.tw} |
| The Environmental Protection Administration (EPA) issued an advance notification Tuesday for a draft amendment to the . . . | |
| | 22 June 2017 : Legal action launched over Qld oil spill {news.com.au} |
| Commonwealth prosecutors are taking legal action against the master and owner of a ship allegedly responsible . . . | |
| | 21 June 2017 : Ground-breaking pollution control rules for Bay Area refineries... {eastbaytimes.com} |
| A first-of-its kind proposal to limit greenhouse gases from Bay Area oil refineries is hitting turbulence over 11th-hour changes . . . | |
| | 21 June 2017 : Chevron shielded from $9bn Ecuadorian ruling as... {energyvoice.com} |
| The US Supreme Court left intact a ruling that protects Chevron from having to pay $8.6billion in a decades-long battle . . . | |
| | 21 June 2017 : EPA amendment to Marine Act would raise pollution fines {taipeitimes.com} |
| The Environmental Protection Administration (EPA) yesterday proposed an amendment to the Marine Pollution Control Act . . . | |
| | 20 June 2017 : U.S. top court hands Chevron victory in Ecuador pollution case {Reuters} |
| The U.S. Supreme Court on Monday handed a victory to Chevron Corp by preventing Ecuadorean villagers and their . . . | |
| More Oil Pollution news | ^Jump to the top^ | |
| 11. OPEC News | |
| | 26 June 2017 : OPEC bid to curb oil output failing {theaustralian.com.au} |
| Oil prices are on track for their worst start to the year in two decades amid mounting evidence that an OPEC-led effort to curb global supplies . . . | |
| | 26 June 2017 : OPEC gets another supply headache from surging... {hellenicshippingnews.com} |
| The nation’s growing oil production combined with slumping domestic demand has unleashed record exports, undermining OPEC’s efforts to reverse falling prices . . . | |
| | 24 June 2017 : OPEC oil basket falls below WTI {oilprice.com} |
| The price of OPEC’s oil basket, which is made out of 14 different blends, fell to US$42.58 a barrel yesterday, below the closing price of West Texas Intermediate . . . | |
| | 23 June 2017 : OPEC agreement will collapse next year, predicts ... {cnbc.com} |
| The OPEC-led production cut agreement extended last month until February 2018 is unlikely to survive beyond that . . . | |
| | 22 June 2017 : OPEC basket stable at USD 43.14 pb {kuna.net.kw} |
| OPEC daily basket price stood at USD 43.14 per barrel (pb) on Wednesday, compared with USD 43.90 pb last Tuesday . . . | |
| | 21 June 2017 : OPEC oil price drops below $44/bbl {en.trend.az} |
| The price of OPEC’s basket of 13 crudes stood at $43.90 per barrel on June 20, as compared to $44.46 a barrel on June 19 . . . | |
| | 21 June 2017 : OPEC output rises in May {breakbulk.com} |
| Crude production from Organization of the Petroleum Exporting Countries nations rose in May despite the extension . . . | |
| | 20 June 2017 : OPEC oil price down {en.trend.az} |
| The price of OPEC’s basket of 13 crudes stood at $44.46 per barrel on June 19, as compared to $44.58 a barrel . . . | |
| | 19 June 2017 : OPEC oil price up {en.trend.az} |
| The price of OPEC's basket of 13 crudes stood at $44.58 per barrel on June 16, as compared to $44.38 a barrel on June 15 . . . | |
| | 19 June 2017 : OPEC deal in jeopardy as Libyan oil output nears... {oilprice.com} |
| Libya whose production has been hampered by civil unrest, political divides, and oil export terminals blockades over the . . . | |
| More OPEC News | ^Jump to the top^ | |
| 12. General Oil News | |
| | 26 June 2017 : North Sea’s largest new oil project in a decade begins flowing {telegraph.co.uk} |
| The North Sea’s largest new oil project in a decade has begun oil flows in a major milestone for the embattled oil basin in . . . | |
| | 26 June 2017 : PH eyed as LNG hub in Southeast Asia {thestandard.com.ph} |
| Natural gas has been one of the cornerstones of the Philippine energy sector since the Malampaya gas project in northwest Palawan started . . . | |
| | 25 June 2017 : Oil’s drop could leave a stain on US earnings {thenews.com.pk} |
| Heading into second-quarter earnings season, investors are looking for a continuation of strong U.S. company . . . | |
| | 25 June 2017 : Global oil markets expected to tighten in Q3 {pppfocus.com} |
| Crude oil prices have dropped this week in response to several reports that show rising output and lackluster . . . | |
| | 24 June 2017 : India LNG players look to capitalize on Qatari turmoil {oilandgasinvestor.com} |
| On the heels of the plunge in LNG prices, Indian players have become some of the most aggressive in trying to renegotiate for favorable terms . . . | |
| | 23 June 2017 : Japan's Inpex to set up LNG trading unit to accommodate Ichthys deliveries {platts.com} |
| Japan's Inpex will set up an LNG trading unit to buy and sell spot cargoes to adjust excesses or shortages in contracted volumes from its Ichthys LNG project . . . | |
| | 23 June 2017 : India's LNG-led gas market may grow over 6 times by 2030... {business-standard.com} |
| Global oil major Royal Dutch Shell says that India may see at least six times growth in Indian gas market by 2030 from the current levels . . . | |
| | 22 June 2017 : Investments in Azerbaijan’s oil & gas sector - over $75B {en.trend.az} |
| The total volume of investments in Azerbaijan’s oil and gas sector has exceeded $75 billion since 1994, a source in . . . | |
| | 22 June 2017 : SOCAR enters Kazakhstan’s energy sector {azernews.az} |
| Azerbaijan’s state oil company SOCAR, along with other interested companies, signed a memorandum of understanding (MoU) . . . | |
| | 22 June 2017 : Indonesia firm to build 10,000bpd refinery in Akwa Ibom {vanguardngr.com} |
| The Nigerian National Petroleum Corporation, NNPC, Wednesday disclosed that an Indonesian firm, PT Intim Perkasa Nigeria Limited . . . | |
| More General Oil News | ^Jump to the top^ | |
| 13. News on Biofuels | |
| | 26 June 2017 : Fatty algae is biofuel breakthrough for Exxon {businessmirror.com.ph} |
| It’s the holy grail for biofuel developers hoping to coax energy out of algae: Keep the organism fat enough to produce oil but spry enough to grow quickly . . . | |
| | 25 June 2017 : Corn market moves lower with adequate growing... {theprairiestar.com} |
| After three months of corn trading in a narrow range, futures moved about 10 cents higher in early June before . . . | |
| | 25 June 2017 : Biotech veteran engineers algae breakthrough for biofuel {seattletimes.com} |
| J. Craig Venter, the scientist who mapped the human genome, teamed with Exxon Mobil in using advanced cell . . . | |
| | 24 June 2017 : Gasoline lobbyists go to battle to slow ethanol's rise {houstonchronicle.com} |
| In the 12 years since Congress passed legislation requiring the blending of ethanol into the nation's fuel supply, oil companies and refineries have watched . . . | |
| | 23 June 2017 : CropEnergies reports improved first quarter results {ethanolproducer.com} |
| Germany-based CropEnergies AG released first quarter financial results, reporting increased revenues and results when compared to the same period of last year . . . | |
| | 22 June 2017 : Bioethanol demand pushes UK to become net wheat importer {biofuels-news.com} |
| Expanding growth output at the UK’s bioethanol plants is driving up wheat consumption, contributing to the country . . . | |
| | 21 June 2017 : New biorefinery planned for Queensland, Australia {biofuels-news.com} |
| The government of Queensland, Australia has announced plans for a new biorefinery in the state. The new facility . . . | |
| | 20 June 2017 : Govt collects Rs 37 billion revenue from petroleum products {myrepublica.com} |
| Nepal Oil Corporation (NOC) paid Rs 37.32 billion in different taxes to the government in the first 11 months of the current fiscal year . . . | |
| | 20 June 2017 : Firm buys WB's patents on integrating biodiesel at... {biodieselmagazine.com} |
| Rayeman Elements Inc., a company specializing in dryer systems and densification of distillers dried grains from fuel alcohol plants . . . | |
| | 19 June 2017 : Researchers produce biofuel for conventional diesel engines {phys.org} |
| In accordance with an EU directive, conventional automotive diesel is supplemented with 7 percent biodiesel . . . | |
| More Biofuels News | ^Jump to the top^ | |
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