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The Most Underappreciated Story In The Oil Market

The Most Underappreciated Story In The Oil Market

May 15, 2018 No Comments

The world is currently watching the growing tensions in the Middle East, and oil market analysts are guesstimating just how much Iranian oil supply the renewed U.S. sanctions could stifle. Yet, the biggest story in oil markets this year may well take place far from the much-publicized tensions in the Middle East – namely China’s […]

Oil Prices Rise After EIA Reports a draw of 2.2 million barrels in U.S. crude oil inventories

Oil Prices Rise After EIA Reports a draw of 2.2 million barrels in U.S. crude oil inventories

May 10, 2018 No Comments

Amid rising oil prices following President Trump’s withdrawal from the Iran nuclear deal, the Energy Information Administration added to the bullish sentiment by reporting a draw of 2.2 million barrels in U.S. crude oil inventories. Analysts polled by IG had expected a moderate build of 160,000 barrels, while a Reuters poll suggested inventories would be […]

NNPC  Commits on 2019 Fuel Importation Deadline

NNPC Commits on 2019 Fuel Importation Deadline

May 9, 2018 No Comments

The Nigerian National Petroleum Corporation (NNPC) has expressed commitment to actualize the December 2019 target set by the federal government to end the importation of petroleum products into the country. Speaking as the Special Guest of Honour at the Offshore Technology Conference 2018 Nigeria Oil Industry Award Dinner in Houston, Texas, United States, Group Managing […]

TransCanada Launches Open Season for Marketlink

TransCanada Launches Open Season for Marketlink

April 26, 2018 No Comments

TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) launched an Open Season to solicit commitments from interested parties for new, short-term transportation service agreements of crude oil on Marketlink from Cushing, Oklahoma to markets in the U.S. Gulf Coast. The Open Season will commence on April 13, 2018 and will close at 12 p.m. MT on May 7, […]

NOC Chairman launches major anti fuel smuggling initiative

NOC Chairman launches major anti fuel smuggling initiative

April 25, 2018 No Comments

Engineer Mustafa Sanalla, Chairman of Libya’s National Oil Corporation, used a keynote speech to the global oil industry to demand a series of measures be taken to save the industry and his country from the significant economic and societal damage wreaked by endemic fuel smuggling. To an audience of industry experts at the inaugural Oil […]

Saudi Aramco and Indian consortium “RRPCL” sign MoU

Saudi Aramco and Indian consortium “RRPCL” sign MoU

April 18, 2018 No Comments

Saudi Aramco signed a Memorandum of Understanding (MOU) with “Ratnagiri Refinery and Petrochemicals Ltd.” (RRPCL), a consortium of Indian oil companies which includes The Indian Oil Corporation Ltd. (IOCl), Bharat Petroleum Corporation Ltd. (BPCL), and Hindustan Petroleum Corporation Ltd. (HPCL), to jointly develop and build an integrated mega refinery and petrochemicals complex at Ratnagiri, in […]

U.S. natural gas production set a record in 2017

U.S. natural gas production set a record in 2017

April 12, 2018 No Comments

Two out of three of EIA’s measures of natural gas production in the United States set records in 2017. U.S. natural gas production measured as gross withdrawals reached 90.9 billion cubic feet per day (Bcf/d) in 2017, the highest volume on record according to EIA’s Monthly Crude Oil, Lease Condensate, and Natural Gas Production Report. […]

EC clears acquisition of a joint venture by General Electric and Rosneft

EC clears acquisition of a joint venture by General Electric and Rosneft

April 12, 2018 No Comments

The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over a joint venture based in Russia by General Electric Company (“GE”) of the US and Rosneft Oil Company, through its subsidiary Sibintek LLC, both of Russia. The joint venture will focus on the development, implementation, marketing, licensing and/or operation […]

JupiterMLP adds industry veteran Albert Johnson to Executive Leadership Team

JupiterMLP adds industry veteran Albert Johnson to Executive Leadership Team

March 27, 2018 No Comments

JupiterMLP, LLC (“Jupiter”), a privately held midstream company that provides Permian-Delaware Basin producers and gas plants with crude oil and plant condensate logistics and offtake solutions, today announced that Albert Johnson has joined the Company’s leadership team as Executive Vice President of Business Development. Formerly the Vice President of Business Development for Navigator Energy Services, […]

WINS Gross Profit for 4Q2017 has risen by 26% QOQ to US$2.0million

WINS Gross Profit for 4Q2017 has risen by 26% QOQ to US$2.0million

March 21, 2018 No Comments

Wintermar Offshore Marine (WINS:JK) has reported results for the 2017 financial year. WINS Gross Profit for 4Q2017 has risen by 26% QOQ to US$2.0 million as utilization averaged 69% for the quarter, lifting revenue by 10% QOQ to US$18.0 million for the final quarter of the year. Better revenue in 4Q2017 from higher fleet utilization […]

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