ENERGY NEWSTRACK TO 31/08/18:

Posted On August 31st, 2018 - 8:46 am | by Oil and gas press

The price of OPEC basket of fifteen crudes stood at $75.72 a barrel on Thursday, 30 August 2018, compared with $74.48 the previous day, according to OPEC Secretariat calculations.

Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Brent crude oil futures were at $76.65 a barrel by 0913 GMT, up 44 cents from their last close and at their highest since July 11, while U.S. crude futures were up 17 cents at $69.04 a barrel.
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NIOC Mulls Selling Crude Oil at Stock Market

National Iranian Oil Company (NIOC) is weighing a decision to sell crude oil on the stock exchange after thoroughly reviewing pros and cons of the initiative.
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US sanctions against Russia do not affect Sakhalin-1 project — ExxonMobil

“ExxonMobil complies with all applicable laws and regulations related to dealings with U.S.-sanctioned countries. The current US sanctions against Russia do not adversely affect our Sakhalin-1 project,” the company said.
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Macron supports EU’s strategic partnership with Russia and Turkey

“We cannot build and develop Europe in a long-term prospect without revisiting our relations with Russia and Turkey. This study of relations should be carried out without any condescension or naivete,” the state leader said.
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Oil Sands Get a Makeover as Petroteq Touts New Extraction Process

Petroteq Energy, is promoting the environmental credentials of a new solvent-based extraction process to release the riches locked up in Utah’s Asphalt Ridge. As its name suggests, the deposit is surface occurring and, somewhat like the Alberta oil sands, is a heavy crude saturated rocky outcrop.

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Ithra makes TIME Magazine’s 2018 list of world’s greatest places

The King Abdulaziz Center for World Culture in Dhahran, Saudi Arabia, was selected for Time magazine’s premier World’s Greatest Places 2018, a compendium of “100 destinations to experience right now.” Featured in the August 24 issue, the list highlights 100 sites spanning six continents and 48 countries, selected across a range of categories and evaluated for quality, originality, innovation, sustainability and influence.

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Buick Delivers Peace of Mind at the Gas Pump

Buick and ExxonMobil are debuting a new way to bring simplicity and savings to the pump.

A new update to Marketplace, the industry’s first in-vehicle commerce platform, brings ExxonMobil’s pay for fuel functionality right to the infotainment screen of eligible Buick vehicles. This service allows drivers to pay for fuel from their vehicle without swiping their credit card or using their smartphone.
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Dyson could become next Tesla with its electric car, says expert

Filed patents show the British engineering firm may use solid-state batteries that could stretch electric car’s range to hundreds of miles and increase safety
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innogy SmartHome develops international ecosystem for Internet of Things

Partner companies will be able to utilise the complete SmartHome infrastructure as well as the innogy platform to develop their own products. According to their interests and specialisations, cooperating companies can choose to integrate their devices or design innovative services for the existing products and functions that the platform offers.
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AltaGas to invest in Townsend Complex expansion serving Montney region

AltaGas Ltd. has entered into definitive agreements with Kelt Exploration (LNG) Ltd. to provide an energy infrastructure solution for the liquids-rich Inga Montney development located in northeast British Columbia.
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African Petroleum Corporation Limited Interim Financial Report for the First Half 2018

Approximately US$9.4 million cash at bank as at 30 June 2018, together with US$0.9 million restricted cash.
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JMMC continues to monitor developments in the oil market

The Committee expressed overall satisfaction with the collective performance of member countries in the month of July 2018. The Committee also expressed its satisfaction with recent market fundamentals showing good balance between supply and demand considering seasonal factors.
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Commercial production of mixed xylene started at Aichi Oil Refinery

proceeding with the establishment of a new device at the Aichi Refinery. Mix xylene unit * 2 was completed at Aichi Oil Refinery and commenced commercial production. Production capacity is 170,000 t / year, which enables flexible response not only to the expansion of petrochemical products business but also to the supply and demand trend of fuel oil and petrochemical raw materials.
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California Fights Trump’s Offshore Oil Drilling Plans

the California State Assembly passed SB 884, a bill that if passed would prohibit the States Lands Commission from allowing any new wharfs, piers, pipelines and other facilities in state waters from the shoreline out to three miles offshore that could be used to expand oil production, effectively blocking Trump’s plans to drill for oil in federal waters off the California coast.
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