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October 20, 2017
Wheatstone LNG a drag on Woodside Petroleum
Washington (UPI) Oct 19, 2017
General gains in liquefied natural gas production from Australia's Woodside Petroleum weren't enough to lift expectations for total output, it said Thursday. The company said in a third quarter statement that its production guidance for the year was narrowed because of a delay in the start of the first liquefaction facility, or train, at its Wheatstone project in the state of Western Australia. The consortium behind Wheatstone had expected a startup by midyear 2017, but announced only in ... read more

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Higher U.S. exports draining storage levels
An increase in crude oil exports, which reached an all-time high, helped lead to the decline in storage levels for the U.S. market, data analysis show. ... more
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Oil prices retreat on Russian concerns about balance
A downbeat sentiment from a Russian oil boss on the trajectory for crude oil prices sent key benchmarks diving into negative territory early Thursday. ... more
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Maintenance period drags Norwegian oil production lower
Oil production from Norway last month was far lower than expected, but still above figures from last year, a government agency said Thursday. ... more
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Baghdad reminds oil companies that it's in charge
The Iraqi Oil Ministry said Thursday that it was advising oil companies that they should be making contracts and dealing only with the federal government. ... more
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Oil States International expects revenue hit from Harvey
Oil States International, an oilfield services company catering to deepwater production, said Thursday its revenues would be impacted by Hurricane Harvey. ... more
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Russian and other regional energy majors look East
Some of the largest Russian and regional energy companies will be in Abu Dhabi to figure out how to tap deeper into Asian economies, conference organizers said. ... more
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Enbridge gets U.S. approval for cross-border pipeline section
The U.S. State Department approved a small cross-border section of a Canadian oil pipeline to Minnesota, a state with a strong opposition to pipelines. ... more
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African Petroleum shaky, but confident, about oil offshore West Africa
Some of the more promising oil basins off the coast of West Africa are close the point of pay off despite recent setbacks, African Petroleum said Monday. ... more

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All pieces of a new European gas pipeline delivered
The last of the 55,000 pieces of pipe needed to build a transit network from a giant gas field offshore Azerbaijan to Europe has arrived, developers said. ... more
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Risk premium may be waning for oil prices
Disruptions to U.S. oil production from Hurricane Nate may support a risk-fueled rally in oil prices Tuesday, but concerns about global outages may be fading. ... more
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Results from a shale oil well in Oklahoma better than expected
Data taken from an oil well at a shale basin in Oklahoma show performance better than expected, which will likely trigger more drilling, BNK Petroleum said. ... more
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Valero awarded $157M fuel contract for Israel
In a new deal struck between the Defense Logistics Agency and Valero Marketing and Supply Co., Pentagon officials announced Friday the allocation of $157 million to the Texas-based company in search of various types of fuel. ... more
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Iraq forces take oil fields, dashing Kurdish dreams
Iraqi forces Wednesday appeared poised to take full control of the oil fields in the disputed northern province of Kirkuk, dashing Kurdish hopes of creating a viable independent state. ... more
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Lebanon gets two bids for offshore gas exploration
Lebanese ambitions to draw investors to its offshore reserve potential, notably for natural gas, brought in only two bids, the government reported. ... more
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Iraq seeks BP help in developing recovered Kirkuk oil fields
Iraqi Oil Minister Jabbar al-Luaybi called on British energy giant BP on Wednesday to help develop fields in the northern province of Kirkuk recovered from Kurdish forces this week. ... more
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Hiccup clears for Canada's TransMountain pipeline
A Canadian energy regulator said it dismissed challenges to environmental issues on the Trans Mountain pipeline after the operator pulled a request for relief. ... more

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One missing, 7 injured in rig explosion near US Gulf Coast
Rescuers continued searching the rocky waters of a southern US lake Monday for a worker missing since an explosion a day earlier on an oil and natural gas platform. ... more
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Geopolitical risk adds big premium to oil prices Monday
Geopolitical issues and concerns added a considerable risk premium to the price of oil on Monday as fighting erupted in the north of OPEC-member Iraq. ... more
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Maduro claims landslide win in disputed Venezuela elections
President Nicolas Maduro claimed a landslide victory Sunday in closely watched regional elections in Venezuela on Sunday, based on official results that the opposition immediately rejected. ... more
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Iraqi forces retake base, airport, oil field from Kurds
Iraqi forces made rapid progress on Monday in their operation against Kurdish fighters in the disputed Kirkuk province, seizing a key military base, an airport and an oil field, commanders said. ... more
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About 30 percent of Gulf oil production still offline because of Nate
More than 30 percent of the oil production in the U.S. waters of the Gulf of Mexico is offline because the shut-ins from Hurricane Nate, the government said. ... more
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Glencore, Qatar finalise Rosneft deal
The consortium controlled by commodities giant Glencore and Qatar's sovereign fund announced a 7.8 billion-euro deal Monday to sell a 14-percent stake in Russian oil giant Rosneft to Chinese conglomerate CEFC. ... more
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OPEC's oil price forecast near a make-or-break point for U.S. shale
The price for crude oil next year should be around the so-called Goldilocks number for shale oil drillers in the United States, OPEC economists said. ... more
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Tullow sees quick path to production in Ivory Coast
If the commercial potential exists in oil basins inland in Ivory Coast, it won't take long to put them into production, British energy company Tullow Oil said. ... more
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