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Libya's Biggest Oil Field Shut Down As Tensions Rise.

The shutdown of Libya's Sharara oilfield, the country's largest field, has once again shown that expected production growth of several OPEC countries should not be taken for granted. Even though several media sources have been publishing overwhelmingly optimistic reports about the security situation in the country, ...

- OilPrice.com - US

Lithuania Receives First LNG From The United States.

Lithuania received its first spot shipment of LNG from the United States.

- Rigzone.com - US

The Latest Red Flag For U.S. Shale.

The U.S. shale industry has had a rough few weeks, with a growing number of reports suggesting that the industry is facing much more financial trouble than many analysts had expected. Now, a new report adds further evidence to the notion that shale is losing its luster in a $50 per barrel market, with producers forgoing ...

- OilPrice.com - US

Iraq's Kurds might put off independence vote in return for concessions from Baghdad: official.

Iraq's Kurds may consider the possibility of postponing a planned Sept. 25 referendum on independence in return for financial and political concessions from the central government in Baghdad, a senior Kurdish official said. A Kurdish delegation is visiting Baghdad to sound out proposals from Iraqi leaders that might ...

- Iraq Oil Report - US

Iraqi ship sinks after collision, at least four sailors dead: state TV.

An Iraqi ship sank on Saturday after a collision with another vessel in Iraq's territorial waters, killing at least four sailors, Iraqi state television reported. Diving support vessel al-Misbar had 21 sailors on board, of which 10 were rescued, the Baghdad-based channel said, citing a statement from the transportation ...

- Iraq Oil Report - US

Despite Sanctions, Qatar Outpaces Saudi Arabia In Economic Growth.

Despite the torrent of reports attesting to the non-impact of the Saudi Arabia-led diplomatic boycott of Doha, new estimates by Bloomberg's economic survey predict that 2017 will be Qatar's slowest year of GDP growth since 1995. A previous study in June forecasted 3.1 percent and 3.2 percent growth for this year and next, ...

- OilPrice.com - US

The Islamic State May Be Failing, But Its Strategic Communications Legacy Is Here To Stay.

No insurgency in recent memory has enjoyed as much sensationalist news coverage as the Islamic State, which has consistently been referred to as the most powerful,' most dangerous,' and most barbaric' terrorist outfit since its 2014 blitz across Iraq and Syria. But as the vast gains made against the organization in the last ...

- Iraq Oil Report - US

Oil Tanker, U.S. Destroyer Collide In Singapore Strait.

The USS John S McCain, a guided missile destroyer, collided with an oil tanker sailing under a Liberian flag in the Strait of Singapore on Sunday afternoon local time. Ten sailors were reported missing by the U.S. Navy and four others were hospitalized for non-life-threatening injuries. The incident took place on the first ...

- OilPrice.com - US

China Oil Supplies Continue To Feed North Korean Military.

Steady oil supplies from China to North Korea are propping up Pyongyang and allowing it to avert an energy meltdown, according to new reports emerging from the area. Beijing's newest round of sanctions against Pyongyang apply only to oil and gas exports, not military supplies. Cheap North Korean workers still work in ...

- OilPrice.com - US

Meghan O'Sullivan: Renewables Won't End Geopolitics of Energy.

In another sign that the age of fossil fuels is waning, the California State Senate has passed a bill to commit the state to use 100% renewable energy for power by 2045.

- Rigzone.com - US

Sasol Tempers Return Expectations for $11 Billion Project.

Sasol lowered estimated returns at its $11 billion Lake Charles chemicals project in the US and said it's disputing a revised tax bill in South Africa.

- Rigzone.com - US

China Sets Stage For Spike In NatGas Imports

China's natural gas imports rose last year and are expected to continue to increase in coming years as Beijing is increasingly using natural gas to replace dirtier coal in an effort to tackle air pollution from industrial and urbanization growth.   According to a report by several Chinese state administrations and research ...

- OilPrice.com - US

Colombia Looks At Shale As Oil Reserves Plunge

Colombia's oil production has been falling for the last four years. It's not just the 2014 price crash that pressured output: The country's fields are depleting and new discoveries are hard to come by because of high production costs, security challenges, and opposition from the population. Earlier this year, Colombia's ...

- OilPrice.com - US

Ten Sailors Missing After US Warship, Tanker Collide Near Singapore

Ten US sailors were missing after a US warship collided with an oil tanker east of Singapore before dawn on Monday.

- Rigzone.com - US

BHP Makes 'Safe' Bet On Copper As Prices Hit 2-Year High

Lots of action the past few days in the global copper mining sector. With a couple of the world's biggest mines again erupting into violence. That included the Grasberg mega-mine in Indonesia. Where police used tear gas Saturday to disperse former workers who had barricaded roads leading to key facilities. That came after ...

- OilPrice.com - US

Hedge Funds Shun WTI While Brent Hits 12-Week High

Brent prices reached a 12-week high on Friday, while WTI Crude prices—although surging on the latest drop in the U.S. rig count—were not touching week-highs, suppressed by rising U.S. crude output. In a sign that investors are more optimistic on a rise in Brent prices, data show that hedge fund managers lowered their ...

- OilPrice.com - US

In Breakaway Move From Saudis, Iraq May Change Oil Pricing

In a bid to increase oil revenues and possibly setting the stage for its own benchmark crude grade, Iraq has told customers it may change the way it prices Basra crude for the Asian market, Reuters reported on Monday, quoting a letter by Iraq's state oil marketing company SOMO it had seen. According to SOMO's letter, the ...

- OilPrice.com - US

Rosneft Seals First Asian Refinery Deal With Essar Oil Purchase

Rosneft and partners close $12.9B-purchase of Essar Oil, giving them a foothold in one of the world's fastest growing oil users.

- Rigzone.com - US

Two Oil Giants Merge In $7.45 Billion Deal

French Total today announced the acquisition of Danish Maersk Oil in a stock and debt transaction worth US$7.45 billion. The bigger portion of the deal, US$4.95 billion, consists of Total shares. In addition, the French major will assume US$2.5 billion worth of Maersk Oil's debt. The share portion represents ...

- OilPrice.com - US

ISIL's smouldering footprint in Qayyara

Billowing clouds of smoke cloaked the sun, orange flames sprang dozens of feet into the sky, and the stench of petrol hung in the air. Everywhere Muhamed Oussama looked, it was apocalyptic. For several months, this was the daily grind for Oussama, a 38-year-old Iraqi firefighter from Kirkuk. Oussama, who works for the ...

- Iraq Oil Report - US

Canadian Oil Sands Producers: Heady Days May Not Last Long

Most Canadian oil sands producers are expected to book losses or post sharp drops in profit in the coming quarters.

- Rigzone.com - US

Ghana, Equatorial Guinea Presidents To Sign LNG Deal

Ghana's President Nana Akufo-Addo plans to sign an agreement to import LNG from Equatorial Guinea during his three-day visit.

- Rigzone.com - US

Eclipse: What Happens If The World's Giant Solar Farms Go Offline?

The first total solar eclipse in 99 years will be an unprecedented test of an American power grid that has become rapidly reliant on solar energy, according to Bloomberg. Power grids, utilities and generators are bracing for more than 12,000 megawatts of solar power to go offline starting around 9 a.m. in Oregon as the moon ...

- OilPrice.com - US

How to Sell Yourself in the Job Search: Handling/Overcoming Objections

Objections won't necessarily sink your chances of getting the job.

- Rigzone.com - US

The Next Oil Price Spike May Cripple The Industry

Two diametrically opposed views dominate the current debate about where the oil price is heading. On the one hand, there is the view that the price of oil will be lower for longer', or even lower forever', as the electrification of transport will eat away at oil demand more and more while, at the same time, technological ...

- OilPrice.com - US

Revived After Mosul, Iraqi Forces Prepare to Battle ISIS in Tal Afar

Iraq's security forces, which suffered huge casualties in the nine-month-long slog to take back the city of Mosul, are replenished enough to begin the fight for the Islamic State stronghold of Tal Afar — one of the last urban areas held in Iraq by the militant extremist Sunni group, American defense officials said Friday. ...

- Iraq Oil Report - US

Trafigura's Puma Said in Talks to Buy Stake in Pakistan Retailer

Puma Energy BV is considering a plan to invest in Pakistan fuel retailer Admore Gas Pvt., a source says.

- Rigzone.com - US

Q&A: Sherwan Zrar, Kurdistan voting commission spokesperson

Beyond the political debates swirling around the KRG independence referendum is a fundamental logistical question: are the resources in place to hold the vote as scheduled?

- Iraq Oil Report - US

Sinopec Engineering Arm Taps Asia Petrochemicals Growth

Sinopec Engineering won 17.8 billion yuan of new contracts in the first half.

- Rigzone.com - US

Libya Halts Biggest Oil Field Loadings in Latest Disruption

Libya halted loadings from its biggest oil field in the latest disruption to the OPEC nation's crude production and shipments.

- Rigzone.com - US

Shengli Oilfield Cuts Internet For Some Offices After Cyber Attack

Sinopec's Shengli Oilfield says it will cut its Internet connection for some of its offices, the company says.

- Rigzone.com - US

Lithuania Gets First LNG Cargo From The U.S.

Lithuania today received its first cargo of U.S. liquefied natural gas as it tries to diversify its gas supplies away from Russia, despite Moscow's insistence that the United States can't replace Russian gas in Europe even if it gave it away.  While Russia is undermining the U.S. shipments to Europe, Lithuania is Central ...

- OilPrice.com - US

Oil Prices Fall 2% After End-Of-Week Rally

Oil prices fell nearly 2% ahead of monthly contract expiration, pulling back from last week's rally built on signs the global market is starting to rebalance from chronic oversupply.

- Rigzone.com - US

Brazilian Corruption Charges Could Impact Mexico's Oil Boom

Last year, Brazilian construction firm Odebrecht and affiliated petrochemical company Braskem pleaded guilty to bribing officials in 12 countries to secure high-paying contracts. The firm agreed to a payment of at least $3.5 billion, the largest penalty in history for a foreign bribery case. Now, months later, the ...

- OilPrice.com - US

Norway's Labour Calls For Debate On Oil Tax Regime

Norway should review its generous tax regime on oil drilling because of climate change, the opposition Labour party says.

- Rigzone.com - US

Goldman Lost $100M On Marcellus Natural Gas Bet

When construction on a key pipeline to transport Marcellus shale natural gas was delayed, Goldman Sachs lost more than US$100 million on a bet that Marcellus gas prices in the Marcellus shale would rise as takeaway pipeline capacity increased, The Wall Street Journal reports, citing people familiar with the trade. In ...

- OilPrice.com - US

Abadi's office denies claims Baghdad agreed to assist Kurds financially, politically

Iraqi Prime Minister Haider al-Abadi's media office on Sunday denied claims made by a Kurdish official that Baghdad would guarantee financial and political concessions if they postponed the Sep. 25 referendum. Mala Bakhtiar, the executive secretary of the Patriotic Union of Kurdistan politburo, told Reuters the Federal ...

- Iraq Oil Report - US

Oil Holds Steady As OPEC Meets To Talk Slipping Compliance

Oil prices were steady early on Monday morning, searching for a catalyst for direction while OPEC is holding a meeting of its Joint OPEC-Non-OPEC Technical Committee , which monitors the cartel and friends' compliance with the output cuts. At 9:15am EST, WTI was at US$48.42 and Brent was at US$52.47. Two weeks ago, ...

- OilPrice.com - US

Iraqi forces close in on IS-held town west of Mosul

Iraqi forces made significant progress as they closed in on the Islamic State-held town of Tal Afar, west of Mosul, the U.S.-led coalition and an Iraqi military spokesman said Monday. U.S. Army Col. Ryan Dillon, a coalition spokesman, told The Associated Press that Iraqi forces have retaken some 250 square kilometers from ...

- Iraq Oil Report - US

Maersk Stands to Get Another $7.5 Billion for Energy Divestments

Now that its oil and gas unit has been sold, Moller-Maersk A/S is planning separate divestments for the three remaining bits of what used to be a combined energy division.

- Rigzone.com - US