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Why Oilfield Service Giants Are Dumping Assets

Why Oilfield Service Giants Are Dumping Assets

The three biggest oilfield service…

The U.S. Natural Gas Boom Is On Its Last Legs

The U.S. Natural Gas Boom Is On Its Last Legs

The natural gas glut created…

News

Gas Deliveries At Sabine Pass LNG Plant Fall Due of Fog

Gas Deliveries At Sabine Pass LNG Plant Fall Due of Fog

Jan 17, 2020 at 10:27 | Irina Slav

A dense fog in the area of the Sabine Pass LNG facility in Louisiana has suffered reduced supplies of natural gas and limited tanker movement, S&P Global Platts reports,…

Trans Mountain Expansion Scores Big Win In Court

Trans Mountain Expansion Scores Big Win In Court

Jan 17, 2020 at 09:50 | Irina Slav

Canada’s Supreme Court has dismissed an appeal by British Columbia that aimed to stop work on the controversial Trans Mountain pipeline expansion project, Bloomberg reports, adding that the decision…

India May Significantly Boost U.S. Oil Imports

India May Significantly Boost U.S. Oil Imports

Jan 16, 2020 at 15:34 | Tsvetana Paraskova

India and the United States will discuss India’s energy security and the Asian country buying increased volumes of U.S. crude oil when U.S. President Donald Trump and Indian Prime Minister…

Number Of DUC Wells Plunges In Latest Sign Of Shale Distress

Number Of DUC Wells Plunges In Latest Sign Of Shale Distress

Jan 16, 2020 at 12:15 | Tsvetana Paraskova

Over the past six months, the number of drilled but uncompleted (DUC) wells across the U.S. shale patch has been steadily declining in a fresh sign that shale producers have…

IEA: There Won’t Be A Low-Sulfur Fuel Oil Crisis

IEA: There Won’t Be A Low-Sulfur Fuel Oil Crisis

Jan 16, 2020 at 11:43 | Tsvetana Paraskova

Supply of shipping fuels compliant with the stricter, low-sulfur, regulations are growing at a fast pace and are at adequate levels at the key hubs around the world, the International…

South Korea To Boost US Oil Imports In 2020

South Korea To Boost US Oil Imports In 2020

Jan 16, 2020 at 10:16 | Tsvetana Paraskova

As South Korea is looking to reduce its over-reliance on crude oil imports from the Middle East, it has increased its oil imports from the United States in recent years,…

Canadian Crude Prices Sink On Cold Snap

Canadian Crude Prices Sink On Cold Snap

Jan 15, 2020 at 17:28 | Julianne Geiger

The price of Western Canadian Select oil is falling thanks to a brutal cold snap in Western Canada, where temperatures less than 20 below are literally freezing Canada’s oil,…

Uganda Sees $5 Billion Costs For Two Oilfield Developments   

Uganda Sees $5 Billion Costs For Two Oilfield Developments   

Jan 15, 2020 at 17:17 | Tsvetana Paraskova

As Uganda’s government is looking to resolve a tax dispute with oil majors over oilfields, it sees the development costs for the two fields to reach at least US$5 billion,…

Saudi Arabia Says It Slashed December Oil Production By 300,000 Bpd

Saudi Arabia Says It Slashed December Oil Production By 300,000 Bpd

Jan 15, 2020 at 16:50 | Tsvetana Paraskova

OPEC’s largest producer and de facto leader, Saudi Arabia, told the cartel that its December crude oil production dropped by nearly 300,000 bpd from November to 9.594 million bpd, a…

Tullow Oil Sees $1.5B Write-Off As It Cuts Oil Price Outlook

Tullow Oil Sees $1.5B Write-Off As It Cuts Oil Price Outlook

Jan 15, 2020 at 15:44 | Tsvetana Paraskova

Tullow Oil expects to book US$1.5 billion write-offs for 2019, due to slashing its oil price assumption by US$10 a barrel and to reducing reserves expectations for African assets, the…

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