(Friday, November 13, 2015) Oil price competition in Europe is set to intensify when Iranian crude returns to the market after sanctions on its nuclear program are lifted, the International Energy Agency said.
Coal’s Cruel Fortune: Its Biggest Market Is Also the Windiest
(Friday, November 13, 2015) Here’s how bad U.S. coal has it these days: The region that has for years burned the most coal also happens to be the windiest.
Russia’s Oil Rivalry With Saudis Masks the Bigger Iranian Threat
(Thursday, November 12, 2015) Competition is growing in Russia’s biggest oil market. While Saudi Arabia’s encroachment in Europe is getting all the attention, the greatest threat comes from another part of the Middle East — Iran.
OPEC Sees Oil Surplus Shrinking in 2016, but Underlines Current Glut
(Thursday, November 12, 2015) OPEC said its oil output fell in October and forecast supply from rival producers next year would decline for the first time since 2007 as low prices prompt investment cuts, reducing a global supply glut.
Why Are Oil and Gas Companies Calling for More Action on Climate Change?
(Thursday, November 12, 2015) The benefit of a broad-based, well-designed carbon price is that it encourages improvements in energy efficiency as well as shifts in the fuel mix, argues BP Chief Executive Bob Dudley.
(Friday, November 13, 2015) The U.S. ban on crude oil exports stands the best chance of being lifted when linked to highway funding legislation, said U.S. Senator John Hoeven, a Republican from North Dakota.
Pemex Contractor Dies After Fall at Refinery
(Friday, November 13, 2015) A Pemex contractor fell to his death while working on a catalytic plant at a refinery in the central state of Guanajuato, the national oil company said on Thursday.
Aramco Cuts Ribbon on Detroit Fuels Research Center
(Friday, November 13, 2015) The new facility â€“ located in Novi, Mich., and owned and operated by U.S. subsidiary Aramco Services Company â€“ further strengthens the companyâ€™s global fuels research program.
Japanese Refiners Agree to Merge as Fuel Consumption Shrinks
(Thursday, November 12, 2015) Idemitsu Kosan Co. signed a non-binding agreement to merge with Showa Shell Sekiyu K.K., almost four months after buying a third of its rival Japanese refining company.
Russia’s Rosneft Eyes Oil Supplies to South Africa – TASS Cites Ministry
(Thursday, November 12, 2015) Russia’s top oil producer Rosneft is “actively interested” in crude oil and oil product supplies to South Africa, TASS news agency cited Russian Natural Resources Ministry as saying on Thursday.
(Tuesday, November 10, 2015) Britain does not have the right policies in place to ensure it will meet a legally-binding European renewable energy target, Britain’s Secretary of State for Energy and Climate Change said on Tuesday.
Oil Major Total to Step Up Solar Power Play, Says CEO
(Friday, November 06, 2015) Solar energy could account for up to 15 percent of French oil major Total’s assets by 2030, Chief Executive Patrick Pouyanne told French daily Le Monde on Friday.
Indonesia Auto Industry Urges Cheaper Biodiesel Price
(Friday, November 06, 2015) Indonesia’s government needs to increase subsidies for biodiesel fuel so it can be sold cheaper than regular diesel if a push to increase the take-up of biofuel is to succeed, an automobile association said on Friday.
Andersons Inc Says Could Double Capacity at Michigan Ethanol Plant
(Thursday, November 05, 2015) The Andersons Inc on Thursday said it could double production at its ethanol plant in Albion, Michigan, which has an annual capacity of 55 million gallons per year.
How Gas-Guzzling Americans Are Aiding the Call for More Biofuels
(Tuesday, November 03, 2015) Americans are burning the most gasoline in eight years. And the nation’s ethanol suppliers wouldn’t have it any other way.
(Friday, November 13, 2015) Indian Oil Corp plans to expand capacity at its naphtha cracker in Panipat to 1.2 million tonnes per year (tpy) by 2019, the executive director of the refiner’s petrochemical division said.
EU’s Free Carbon Permit Allocation Too Generous-Court Adviser
(Thursday, November 12, 2015) An adviser to Europe’s highest court said on Thursday the European Commission’s calculations meant it had handed out too many free carbon permits to some industries, raising the prospect of higher costs for big energy users.
Enterprise Adds Ethane Export Contract for Morgan’s Point Terminal
(Tuesday, November 10, 2015) Enterprise Products Partners L.P. Monday announced it has executed an additional long-term contract to export ethane from its new terminal under construction at Morgan’s Point, Texas.
Ineos Signs US Shale Gas Ethane Deal with Exxon, Shell in Scotland
(Monday, November 09, 2015) Ineos has struck a deal with subsidiaries of ExxonMobil and Shell to supply ethane derived from U.S. shale gas which it is to import into Scotland to their nearby chemical plant, the company said on Monday.
Braskem Says Petrobras Talks Avoiding Variable Naphtha Pricing
(Thursday, November 05, 2015) Braskem and its second-biggest shareholder, known formally as Petroleo Brasileiro SA, reached an interim deal last week extending their naphtha supply contract for another 45 days.
(Thursday, November 12, 2015) TransCanada expects to invest approximately US$500 million in the 36-inch diameter pipeline and anticipates an in-service date in the fourth quarter of 2017.
Gazprom Cuts Its Share in Nord Stream to 50 Pct – Interfax
(Thursday, November 12, 2015) Gazprom has agreed to sell an additional 1 percent of its stake in the Nord Stream gas pipeline to the French company ENGIE, cutting its stake in the project to 50 percent, Interfax news agency reported on Thursday.
Dutch Court to Rule on Groningen Gas Output Nov. 18
(Thursday, November 12, 2015) A Dutch court said on Thursday it will rule on Nov. 18 regarding production at the massive Groningen natural gas field, where output has been reduced because it was causing earthquakes.
Nord Stream Undersea Pipeline Cuts Gas Flows due to Munitions Discovery
(Wednesday, November 11, 2015) Nord Stream consortium, lead by Russian energy giant Gazprom, said on Wednesday it has stopped gas shipments via the Baltic Sea through one of its two lines as Swedish armed forces dispose of a munitions object found nearby.
TransCanada Blames 2013 Pipeline Rupture on Miscommunication
(Tuesday, November 10, 2015) The rupture of a TransCanada Corp natural gas pipeline in 2013 in Alberta was caused by “miscommunication” between staff and contractors that built the piece of the line that failed, the company said on Monday.
(Friday, November 13, 2015) The price plummet in leasing rates has caused a shift in tank-car leasing strategy by notable market participants such as Valero Energy.
Canada to Move Ahead with Oil Tanker Ban on Northern B.C. Coast
(Friday, November 13, 2015) The main casualty of the ban will be Enbridge Inc’s Northern Gateway pipeline, which would carry oil sands crude from near Edmonton, Alberta, to a deepwater port at Kitimat, British Columbia for export to Asian markets.
Unsold Oil Stuck on Tankers Threatens World Market Gridlock
(Friday, November 13, 2015) As land storage sites worldwide reach brimming point due to a supply glut, tens of millions of barrels of oil are sitting on tankers looking for homes – threatening logistical paralysis.
Iraq Basra Crude Exports to Edge Up in Dec to 2.9 Mln Bpd – Sources
(Friday, November 13, 2015) OPEC’s second-largest producer, Iraq, plans to export 2.90 million barrels per day (bpd) of Basra crude from its southern oil terminals in December, trade sources said on Friday, citing a preliminary loading programme.
E. Coast Gasoline Importers Lose Out to Nigerian Buyers
(Thursday, November 12, 2015) Gasoline importers on the U.S. East Coast are losing the trans-Atlantic tug-of-war that has emerged this winter over European supplies, outbid by Nigerian buyers anxious to avoid another holiday shortage.
(Friday, November 13, 2015) Russian President Vladimir Putin will visit Tehran on Nov. 23 to attend a summit of gas exporting countries, his aide, Yuri Ushakov, told reporters on Friday, in a sign of warming ties between Moscow and Tehran.
Total Says Expects Yamal LNG to Get Funding by Year-end – RIA
(Friday, November 13, 2015) Total expects its Yamal LNG project to receive funding by the end of 2015, RIA news agency quoted a vice president of Total as saying on Friday.
Cuomo Rejects Port Ambrose Gas Project Near New York City
(Thursday, November 12, 2015) New York Gov. Andrew Cuomo vetoed a liquefied natural gas project off Long Island that would have brought gas to the New York City region during periods of high demand.
Ophir Energy Expects Fortuna LNG Project Investment Decision by Mid-2016
(Wednesday, November 11, 2015) Oil and gas explorer Ophir Energy expects to finalize sales agreements and make a final investment decision on its Fortuna FLNG project by mid-2016.
Korea Gas Corp Offloads Excess LNG Supply on to France’s EDF
(Wednesday, November 11, 2015) Korea Gas Corp has agreed with the trading arm of France’s EDF to funnel excess liquefied natural gas (LNG) supply into Europe and beyond, the French company said on Wednesday.
(Friday, November 13, 2015) Sales at U.S. retailers rose less than forecast in October as consumers pocketed the money saved after fueling up their cars.
Canada’s Alberta Pledges to Do More to Price Carbon and Reduce Emissions
(Friday, November 13, 2015) Canada’s oil-rich western Canadian province of Alberta said its recent decision to double its price on carbon emissions was only a first step in its efforts to tackle climate change, Premier Rachel Notley said on Thursday.
Beijing to Start Tiered Gas Pricing for Residents from Jan. 1
(Thursday, November 12, 2015) China’s capital Beijing will start tiered gas pricing for residential users starting from Jan. 1, the city government said on Thursday, as part of a gas pricing reform scheme that will give cheaper prices to those who use less gas.
Oil Slumps 4%, Nears New 6-Year Low As Glut Persists
(Thursday, November 12, 2015) Oil prices tumble almost 4%, accelerating a slump that threatens to test new 6-and-a-half year lows.
Crude Falls to August Lows – Oversupply Concerns Pervade
(Wednesday, November 11, 2015) Both WTI and Brent crude prices dropped to lows not seen since August 2015 on global glut concerns.
(Thursday, November 12, 2015) Suncor Energy Inc. wants shareholders of Canadian Oil Sands Ltd. to weigh its C$4.7 billion ($3.5 billion) takeover offer closely and reject a strategy that relies on the “hope” of better performance.
Pemex and Union Agree to Pension Reform, Unlocking Debt Relief
(Thursday, November 12, 2015) The new pension scheme allows Pemex to pass part of its nearly $90 billion unfunded pension liability to the Mexican government.
Mexico Firm to Launch $1.26 Bln Energy, Infrastructure Instrument
(Thursday, November 12, 2015) A Mexican consulting firm plans to raise up to 21 billion pesos ($1.26 billion) through public offerings of certificates for an infrastructure and energy investment vehicle, according to a prospectus seen by Reuters on Wednesday.
Tesoro Sells Los Angeles Assets to Tesoro Logistics
(Thursday, November 12, 2015) The acquisition price of $500 million included cash of approximately $250 million and the issuance of common and general partner units to Tesoro, valued at approximately $250 million.
National Grid to Sell Majority Stake in British Gas Distribution Business
(Tuesday, November 10, 2015) Britain’s National Grid Plc has put a majority stake in its 8.5 billion pound ($12.8 bln) gas distribution business up for sale as it shifts focus to better-performing assets such as its U.S. networks, it said on Tuesday.
(Thursday, November 12, 2015) Rigzone explores why recruiters ask certain interview questions and offers candidates advice on how to answer them.
Nigeria’s New Petroleum Minister Will Continue as NNPC Head for a While
(Wednesday, November 11, 2015) Nigeria’s newly appointed Minister of State for Petroleum Emmanuel Ibe Kachikwu said on Wednesday that he will also continue in his role as the state oil company head “for a while”.
Petrobras Cancels Oil Strike Talks, Union Vows Escalation
(Tuesday, November 10, 2015) “This is the moment to intensify,” oil union FUP said in a statement late Tuesday, adding that the walkout was beginning to reduce output from refineries as well as crude oil and natural gas output.
Psychology behind the Question: How to Answer Tricky Interview Questions
(Thursday, November 05, 2015) Job candidates, are you stumped by some of the interview questions recruiters ask? Here are some tips for answering them.
Petrobras Names New Board Chief for BR Distribuidora Fuels Unit
(Wednesday, November 04, 2015) Brazil’s Petrobras named Segen Farid Estefen interim chairman of the board of BR Distribuidora SA, the fuels unit in which the state-run oil company is seeking a new business partner, according to a Wednesday securities filing.