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December 3, 2018

Trump Said to Advance Seismic Surveys for Oil in Atlantic

December 3, 2018

From Bloomberg The Trump administration is taking a major step toward allowing a first-in-a-generation seismic search for oil and gas under Atlantic waters, despite protests that the geological tests involve loud air gun blasts that will harm whales, dolphins and other animals. The National Marine Fisheries Service is set to issue “incidental harassment authorizations” allowing seismic surveys proposed by five

Mt Astra (Suezmax) Loading at Corpus Christi ship tanker -Corpus Christi Harbor Island Terminal Complex Targets Deepest Channel Depth of any Onshore Crude Oil Export Facility in the U.S. Oil and GAs 360

The Next Challenge for Canada’s Oil Patch Comes From the Sea

December 3, 2018

From Bloomberg A new threat looms for Canada’s largest oil producing province, even as it imposes mandatory output cuts to ease a glut that has driven down crude prices. A rule taking effect in 2020 aimed at reducing pollution by cutting the sulfur content of maritime fuel will make sulfur-heavy oil sands crude less desirable. The change may dampen the

Oil Surplus Makes Surprise Return Despite OPEC Cuts, IEA Says - Oil&Gas360

Russia’s Putin Agrees With Saudis to Renew OPEC Pact

December 3, 2018

From The Wall Street Journal Russia and Saudi Arabia have agreed to extend OPEC’s efforts to stabilize oil markets, Russian President Vladimir Putin said over the weekend, as the broader coalition of producers inches closer to a deal this week. Russia has yet to decide on how much production it would cut, Mr. Putin said, underscoring the remaining challenges ahead.

oil & Gas 360

U.S., China Reach Truce on Trade, But Face Thorny Obstacles to Lasting Peace

December 3, 2018

From The Wall Street Journal The trade truce between the U.S. and China calms their economic battle and opens a brief window for the two nations to explore whether they can bridge deep divides on a range of difficult disputes. After a weekend dinner between President Trump and Chinese President Xi Jinping at a Group of 20 summit here, the

Keystone Pipeline - Oil & Gas 360

U.S. To Conduct Additional Keystone XL Pipeline Review

December 3, 2018

From Reuters The U.S. State Department will conduct another environmental review of TransCanada Corp’s long-pending Keystone XL oil pipeline, a U.S. official said on Friday, a move that could lead to additional delays of the project. The so-called supplemental environmental impact statement was ordered by Judge Brian Morris of the U.S. District Court in Montana in his ruling on Nov.

Iran, OPEC

Iran Says OPEC Members Who Increased Output Should Take Lead on Cuts

December 3, 2018

From Reuters Qatar’s decision to quit OPEC shows the frustration of small producers at the dominant role of a Saudi and Russia-led panel, a top Iranian official said, adding that any supply cuts should come only from countries that had increased output. The comments underline tensions within the Organization of the Petroleum Exporting Countries ahead of this week’s meeting to

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