News
2017, November, 14, 17:50:00
CRITICALLY IMPORTANT ALASKA
API welcomed legislation that would allow for safe and responsible natural gas and oil development in a small non-wilderness portion of Alaska’s Arctic National Wildlife Refuge (ANWR). The legislation was released by the Senate Energy and Natural Resources Committee to be included as part of the budget reconciliation bill.
2017, November, 14, 17:45:00
EBRD RENEWABLE INVESTMENT $1.4 BLN
EBRD - The GCF is contributing USD 378 million to this USD 1.4 billion programme to support thousands of individual investments in technologies that reduce emissions and enhance resilience to climate change.
2017, November, 14, 17:40:00
RUSSIA'S GDP UP 1.8%
The Russian economy is recovering from a full-blown crisis caused by a massive drop in prices for oil, its key export, and by economic sanctions imposed by the West over Moscow’s role in the Ukraine crisis.
2017, November, 14, 17:35:00
SHELL SELLS WOODSIDE
Shell’s subsidiary, Shell Energy Holdings Australia Limited (“SEHAL”), has entered into an underwriting agreement with two investment banks, for the sale of 71.6 million shares in Woodside, representing 64.0% of its interest in Woodside and 8.5% of the issued capital in Woodside, at a price of A$31.10 per share, resulting in total pre-tax proceeds of approximately $1.7 billion (A$2.2 billion). The sale is expected to complete on November 14, 2017.
2017, November, 14, 17:30:00
U.S. OIL + 80 TBD, GAS + 779 MCFD
EIA - Crude oil production from the major US onshore regions is forecast to increase 80,000 b/d month-over-month in December to 6.174 million b/d, gas production to increase 779 million cubic feet/day.
2017, November, 13, 10:50:00
OIL PRICE: ABOVE $63 YET
Brent crude futures LCOc1 were at $63.55 per barrel at 0614 GMT, up 3 cents from their last close. U.S. West Texas Intermediate (WTI) crude CLc1 was at $56.79 per barrel, up 5 cents.
2017, November, 13, 10:45:00
OPEC OIL PRICE: $61.72
The price of OPEC basket of fourteen crudes stood at $61.72 a barrel on Thursday, compared with $61.61 the previous day, according to OPEC Secretariat calculations.
2017, November, 13, 10:40:00
SOUTH CHINA CEA CALM
Vietnam’s state television said Chinese President Xi Jinping had told Vietnam’s General Secretary Nguyen Phu Trong he wanted to work with Southeast Asian nations on a code of conduct in the sea. China’s Xinhua news agency said China and Vietnam had agreed to properly handle maritime issues and strive to maintain peace and stability.
2017, November, 13, 10:35:00
$84 BLN ISN'T ENOUGH FOR U.S.
During President Donald Trump’s visit to Asia this week, a Chinese energy company pledged to spend almost $84 billion helping West Virginia build an entire supply chain that would bring the benefits of America’s shale gas boom to bear.
2017, November, 13, 10:30:00
VIETNAM & U.S. UNDESTANDING
Vietnamese and U.S. companies on Sunday signed memorandums of understanding on gas development, automobiles, as well as aircraft engine purchase and support during U.S. President Donald Trump’s visit to Vietnam.
2017, November, 13, 10:25:00
VENEZUELA'S OIL PRODUCTION DOWN
Output is expected to slump to 1.84 million barrels a day next year, the lowest compared with official government data since 1989.
2017, November, 13, 10:20:00
EXXON INCREASES COMPETITIVENESS
The world’s biggest oil explorer by market value recently finished four wells in North Dakota’s Bakken region that extend sideways for 3 miles (4.8 kilometers), Barclays Plc analyst Paul Cheng said in a research note after meeting Exxon executives, and it’s closing in on the 4-mile mark.
2017, November, 13, 10:15:00
SAUDI ARAMCO SIGNED $4.5 BLN
Saudi Aramco signed agreements with several oil and gas service contractors for oil and gas megaprojects designed to enhance the company’s energy sustainability, diversify the economy, expand gas production, and localize domestic content. The agreements are valued at nearly $4.5 billion in total.
2017, November, 13, 10:10:00
TRANSCANADA NET INCOME $2.136 BLN
TransCanada Corporation (TSX, NYSE: TRP) (TransCanada or the Company) announced net income attributable to common shares for third quarter 2017 of $612 million or $0.70 per share compared to a net loss of $135 million or $0.17 per share for the same period in 2016. Comparable earnings for third quarter 2017 were $614 million or $0.70 per share compared to $622 million or $0.78 per share for the same period in 2016. TransCanada's Board of Directors also declared a quarterly dividend of $0.625 per common share for the quarter ending December 31, 2017, equivalent to $2.50 per common share on an annualized basis.
2017, November, 13, 10:05:00
TOTAL ACQUIRES ENGIE'S LNG $2 BLN
Total SA has agreed to acquire LNG assets from Engie SA for as much as $2.04 billion. The deal includes interests in liquefaction plants, long-term LNG sales and purchase agreements, an LNG tanker fleet, and access to regasification capacities.