Wednesday, June 17, 2026

Iraq oil exports, OPEC’s fastest growing in 2015, hold steady in March

From Reuters: Iraq’s oil exports have held steady so far in March, according to loading data and industry sources, halting for now the rapid supply growth that has increased downward pressure on prices. Baghdad has given verbal support to an initiative by the Organization of the Petroleum Exporting Countries and outside producers to freeze output in an effort to boost

‘Go private’ trend continues as energy firms reject unsupportive public markets

From Calgary Herald: More Calgary oil and gas companies are expected to dump their public market listings to “go private” as long as low commodity prices continue to erode their public market value, according to law firm Bennett Jones. In a report released Wednesday, the Calgary firm notes that three junior oil and gas companies have used private funds to buy back their publicly traded shares

China’s ENN Will Buy $750 Million Stake in LNG Producer Santos

From Bloomberg: China’s ENN Ecological Holdings Co. is buying an 11.7 percent stake in Santos Ltd. for about $750 million, becoming the largest shareholder in the Australian oil producer and LNG exporter. ENN, one of the country’s largest distributors of liquefied natural gas, will be taking over a stake in Santos now owned by Chinese-based private equity firm Hony Capital,

Gov’t: No concerns for protests at oil, gas sale

From The Washington Post: Federal officials say environmental protesters who demonstrated during a sale of oil and gas leases did not hold up the sale. Janice Schneider of the Department of Interior says it had no concerns about the protests Wednesday. Protesters opposed to drilling in the Gulf of Mexico chanted loudly as officials read the bids aloud on a

Chinese Oil Producer Cnooc Seeks Solace at Home

From The Wall Street Journal: After more than a decade of empire building in Canada, Africa and beyond, Chinese offshore oil-and-gas company Cnooc Ltd. is refocusing on its home front. China’s third-largest producer of oil and gas on Thursday posted its weakest annual earnings in more than 10 years, hurt by a faltering array of overseas projects and low oil

Kuwait’s state oil company says it has discovered a new oil and gas field

From the AP: Kuwait’s state oil company says it has discovered a new oil and gas field in the Western part of the country. Kuwait Oil Company said in a statement to the country’s state news agency Thursday that preliminary tests suggest the new field in the al-Jathatheel region will provide a significant boost to the country’s resource reserves. It

Decoupling of Global Emissions and Economic Growth Confirmed

From the IEA: Global energy-related carbon dioxide emissions (CO2) – the largest source of man-made greenhouse gas emissions – stayed flat for the second year in a row, according to analysis of preliminary data for 2015 released today by the International Energy Agency (IEA). “The new figures confirm last year’s surprising but welcome news: we now have seen two straight years of