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Tuesday, July 7, 2026

March 27, 2017

Libya’s Biggest Port Loads First Oil Tanker Since Clashes

March 27, 2017

From Bloomberg Libya’s biggest oil terminal loads its first tanker since fighting between armed groups earlier this month halted shipments from two ports in the country with Africa’s largest crude reserves. The Suezmax vessel Demetrios, which can carry as much as one million barrels, loaded from Es Sider for export to China, according to a person familiar with the situation,

LNG

Asian Natural Gas Market Hub Needed: EIA

March 27, 2017

Asian version of Henry Hub would open up markets The rise of global LNG trade could support a market hub for natural gas in Asia, according to a note released by the EIA today. As the world’s largest consumer of LNG, Asia accounts for about 75% of LNG trade and 33% of total global gas trade. However, Asia lacks an

CNOOC Predicts 5% Production Decline in 2017

March 27, 2017

2017 CapEx between ¥60 billion and ¥70 billion China National Offshore Oil Corporation (CNOOC) reported annual results on March 23, reporting net earnings of ¥637 million ($92.6 million). Total oil and gas revenue for 2016 was ¥121 billion, down 17% from ¥147 billion in 2015. CNOOC production dropped 4% to 476.9 MMBOE in 2016, the first production decrease in a

Sanchez Production Partners Plans 60 MMcfe/d Upgrade to Processing Capacity

March 27, 2017

Sanchez Energy Eagle Ford acquisition drives expansion Sanchez Production Partners (ticker: SPP) reported fourth quarter results on Friday, showing a net loss of $12.9 million, or ($1.63) per share. Full year results are earnings of $19.2 million, or $2.43 per share. Both results are far beyond fourth quarter and full year results in 2015, when the company reported losses of

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