International

Iran Looks to Be the Winner in OPEC’s Play for Market Share

Iran Looks to Be the Winner in OPEC’s Play for Market Share

Iran’s national oil company signs $2.2 billion deal with Persia Oil & Gas Industry Development Co.

Iran continues to look for ways to rejuvenate its oil and gas sector following news from Algiers last week that the Islamic Republic would …

International Frontier Resources Announces Management Changes

International Frontier Resources Announces Management Changes

Steve Hanson appointed CEO of International Frontier Resources

Calgary-based International Frontier Resources (ticker: IFR) announced today that its Board of Directors has approved a new management structure for the company. Under the new structure, President Steve Hanson has been appointed …

Noble Energy and Delek Sign 15-Year Natural Gas Contract Worth $10 Billion

Noble Energy and Delek Sign 15-Year Natural Gas Contract Worth $10 Billion

The Leviathan field partners agreed to supply up to 45 Bcm of natural gas to Jordan

Houston-based Noble Energy (ticker: NE) announced last week that it has reached an agreement with the National Electric Power Company of Jordan (NEPCO) to …

China May Be Storing More than 150% More Oil than Official Estimates

China May Be Storing More than 150% More Oil than Official Estimates

New third-party estimates put Chinese strategic oil reserves at 600 MMBO, 366 MMBO more than official reports

The actual amount of crude oil stored in China may be significantly higher than official reports indicate, according to geospatial analytics company Orbital …

September 30, 2016 - 6:02 pm Closing Bell Story‎, International, Oil and Gas 360 Articles
Source: research.archives.gov

ISIS Pushed Out of Iraq’s Oil Fields

Iraqi offensive cuts ISIS oil revenue

Islamic State militants no longer control any oil wells in Iraq following an offensive by government forces last week. Iraqi forces retook the oilfields of Shargat and Qayyarah, leaving ISIS unable to produce oil …

September 28, 2016 - 12:45 pm Closing Bell Story‎, International, Oil and Gas 360 Articles, OPEC

TPP’s Fate Awaits U.S. Congress but No Vote in 2016

From Stratfor

Summary

Nearly eight months after the Trans-Pacific Partnership (TPP) was signed, its fate is still up in the air. While giving a speech in Havana on Sept. 26, Japanese Prime Minister Shinzo Abe reiterated his commitment to ratify …

September 28, 2016 - 11:50 am China, Closing Bell Story‎, Energy News, International
Source: theiet.org

No Production Deal as Iran Looks to Outlast Saudi Arabia

Oil prices down: Iran and Saudi Arabia say no production deal in Algeria this week

Oil prices erased gains from last week on Tuesday as Iran and Saudi Arabia confirmed that there would not be a definitive agreement on OPEC …

The Only Certainty from Brexit is Uncertainty

The Only Certainty from Brexit is Uncertainty

Market Showing Resilience at the Moment but Brexit Will Take Years to Unfold

Big changes have happened in the U.K. since the “exit the EU” outcome of the June 23 national referendum, with the aftermath likely taking years to fully …

Statoil Celebrates 5 Billion Barrels from Statfjord

Statoil Celebrates 5 Billion Barrels from Statfjord

On Monday minister of petroleum and energy Tord Lien together with Statoil (ticker: STO), Centrica (ticker: CNA) and ExxonMobil (ticker: XOM) celebrated the 5 billion barrels of oil equivalent delivered by Statfjord since first oil in 1979.

The minister got

Petrobras to Speed Up Divestitures, Cut Investments 25%

Petrobras to Speed Up Divestitures, Cut Investments 25%

Petrobras plans to reduce its $124 billion debt, dropping its debt-to-EBITDA to 2.5 by 2018

Brazil’s state-owned Petroleo Brasileiro (ticker: PBR) released both its strategic, and business and management plans for 2017 to 2021 as the company looks to rebuild …

Source: Sweetcrudereport.com

Oil Prices Up Over 1% as Libyan Crude Shipments are Delayed

Oil prices climbed higher as a battle for Libya’s Sidra and Ras Lanuf ports delays crude shipments

Crude oil prices rose over 1% this morning as fighting for one of Libya’s key oil ports delayed shipments out of the country. …

Putin Wants to Sell 19.5% Stake in Rosneft this Year

Putin Wants to Sell 19.5% Stake in Rosneft this Year

Chunk of Rosneft could bring Moscow as much as $11 billion

Russia still plans on selling a 19.5% stake in its oil giant Rosneft (ticker: RNFTF) to help ease its financial deficit, and it could happen within the next 90 …

September 15, 2016 - 6:05 pm Closing Bell Story‎, International, Oil and Gas 360 Articles
Comparing Carbon Dioxide Emitting Countries

Comparing Carbon Dioxide Emitting Countries

China Leads the Planet in CO2 Emissions, but Persian Gulf States Lead on Per Capita Basis

According to the World Bank’s current data, China was the leading emitter of carbon dioxide in 2011, outstripping the CO2 emitted by …

Saudi Arabia Reclaims Spot as Top Global Oil Producer

Saudi Arabia Reclaims Spot as Top Global Oil Producer

U.S. output down 460 MBOPD since May, making Saudi Arabia the largest global oil producer for now

As lower oil prices put pressure on U.S. shale expansion, Saudi Arabia has reclaimed the top spot as the world’s largest producer of …

U.S. House Passes Bill Allowing Lawsuits Against Saudi Arabia

U.S. House Passes Bill Allowing Lawsuits Against Saudi Arabia

If signed into law, new legislation would allow families of 9/11 victims to sue Saudi Arabia; but Obama says he will veto the bill when presented

The House on Friday passed legislation that allows families of 9/11 victims to sue …

Two Caspian Sea Projects Could Add 200 MBOPD by Year-End

Two Caspian Sea Projects Could Add 200 MBOPD by Year-End

Even as Russia discusses a production freeze with Saudi Arabia, Caspian Sea projects could add to the glut

Oil prices have improved this week in part thanks to renewed talks amongst Saudi Arabia and Russia to stabilize global oil prices. …

European Central Bank Leaves All Three Rates Unchanged

From Bloomberg

Benchmark rate stays at zero, deposit rate at minus 0.4%

President Mario Draghi to speak at 2:30 p.m. in Frankfurt

The European Central Bank kept its stimulus program unchanged in a sign that policy makers don’t see an …

September 8, 2016 - 3:39 pm Closing Bell Story‎, Energy News, International
U.S. Imports from OPEC decreasing consistently since 2010

OPEC Crude Imports by U.S. Consistently Decrease, while Non-OPEC Imports Increase

Total U.S. Crude Oil Imports Decline 4% from 2010

According to the EIA, U.S. imports of crude oil from OPEC nations have been consistently decreasing since 2013. On the other hand, non-OPEC imports have been consistently increasing, driven primarily by …

September 6, 2016 - 6:29 pm Analytics, Chart of Week, Closing Bell Story‎, International, OPEC
Source: http://www.gazprom.com/press/gallery/events/649250/

Gazprom is the First Russian Company to Frac a Horizontal Well Start to Finish

Gazprom Neft completes nine-stage frac job in the Bazhenov formation, but is the formation economic?

The oil production arm of Russia’s state-run gas giant Gazprom (ticker: OGZPY) announced this week that the company completed a nine-stage horizontal well in the …

BP Deepens Shale Ties with China

BP Deepens Shale Ties with China

BP signs second shale gas production sharing contract with China National Petroleum Corporation

International oil major BP (ticker: BP) said Thursday that the company has signed its second shale gas production sharing contract with China National Petroleum Corp (CNPC). The …

Mixed OPEC Messages Will Generate Volatility

Mixed OPEC Messages Will Generate Volatility

The build up to the late September OPEC meeting in Algiers will undoubtedly be filled with rumors and speculation about the intents of OPEC members and the potential to freeze, increase, or decrease production. News of the meeting and the …

John Hofmeister at EnerCom's The Oil & Gas Conference 21

The Saudis will Chase ‘Market Share’ until Russia, Iran and Saudi Arabia Run out of Money: an Exclusive Interview with John Hofmeister

Hofmeister: The Issue of Low Oil Price has Nothing to Do with Shale

John Hofmeister, the outspoken former president of Shell Oil Company and current chairman of Erin Energy, talked to Oil & Gas 360®’s Angie Austin about the …

Canada Looks to Attract More Chinese Investment by Relaxing Rules

Canada Looks to Attract More Chinese Investment by Relaxing Rules

Canada hopes to attract greater foreign investment with lower political risk and a skilled workforce

Canadian Finance Minister Bill Morneau said that the country is considering relaxing rules on foreign investment in order to attract more capital and spur growth. …

The Complex Portrait of Saudi Arabia

The Complex Portrait of Saudi Arabia

Saudi Arabia feels real danger from Iran

Saudi Arabia and its neighbors in the Persian Gulf play an indisputably important role in global oil and gas markets. Much of the news that comes out about the region fails to capture …

IEA: Essentially No Oversupply in Second Half of the Year

IEA: Essentially No Oversupply in Second Half of the Year

Supply and demand beginning to cool as oversupply shrinks – IEA, OPEC weigh in

The International Energy Agency sees supply and demand coming into balance during the third quarter of the year, according to its August Oil Market Report.…

Source: Rosneft

Russia Delays $10 Billion Rosneft Privatization

Russia may not be able to sell its stake in Rosneft in 2016

As low oil prices continue to put pressure on the Russian budget, the government in Moscow continues to look for ways to make up budget shortfalls, including …

EnerCom Conference Presenter Focus: International Frontier Resources

EnerCom Conference Presenter Focus: International Frontier Resources

International Frontier Resources explores Mexico’s untapped potential

Mexico’s oil and gas potential has been overshadowed in recent years by the tremendous success in the United States and Canada—the rest of North America. But Calgary-based International Frontier Resources (ticker: IFR) plans …

Source: theiet.org

Iran’s Cabinet Approves Amended IPCs, Here’s what Companies Can Expect

Approved version of IPCs has more than 150 minor and major changes from the draft

Following the end of international sanctions against Iran in July of 2015, the Islamic Republic has ramped production up from existing fields faster than many …

EnerCom Announces Speakers and Agenda for The Oil & Gas Conference® 21 in Denver on August 14-18, 2016

EnerCom Announces Speakers and Agenda for The Oil & Gas Conference® 21 in Denver on August 14-18, 2016

Oil & Gas Companies, Economists, Geopolitical Experts, Energy Investors Gather in Denver

EnerCom’s The Oil & Gas Conference® 21 will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as experts and …

Petrobras to Reduce Role in Brazil’s Natural Gas Industry

From Reuters

State-controlled oil company Petrobras said on Tuesday it plans to scale back its role in Brazil’s natural gas industry by selling or sharing control of pipelines and opening its liquefied natural gas (LNG) terminals to third parties.

The …

July 26, 2016 - 10:08 am Closing Bell Story‎, Energy News, International