Wednesday, December 12, 2018

Reuters News

Mexico President's Pemex Plans Rattle Debt-holders

Mexican President Andres Manuel Lopez Obrador (Mexican Government photo)

Mexican President Andres Manuel Lopez Obrador's declaration of war on "neo-liberal" economics has shaken investors holding Petroleos Mexicanos bonds, fueling concern about the future of…

Oil Rise as Global Equities Climb, Libya Output Drops

© mtaira / Adobe Stock

Oil futures rose on Tuesday with the help of an increase in global stock markets, an outage reducing Libyan crude production and a gradual decrease in Russian output.Brent futures rose 45 cents…

NOC Declares Force Majeure on Biggest Oilfield

Libya's National Oil Company (NOC) on Monday declared force majeure on exports from the El Sharara oilfield, which was seized at the weekend by a local militia group.NOC said the shutdown would result in a production loss of 315…

OPEC and Non-OPEC Cooperation Deal to be Signed in Three Months -UAE

A general cooperation agreement between OPEC and non-OPEC countries will be signed in three months' time in Saudi Arabia, the UAE's energy minister said on Monday."By (the) end of March the document will be ready for signature…

Oil Surrenders Some of its OPEC Gains as Stock Markets Soften

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Oil eased on Monday, echoing the weakness in global stock markets and erasing some of the gains made last week when producer group OPEC and other key exporters agreed to cut their crude…

Hess, Conoco Raise 2019 Production Outlook

(Photo: Hess)

Oil and gas producer Hess Corp and Conocophillips both expect production for 2019 to be higher than this year even as they spend roughly the same amount of money on exploration, the companies…

Petronet Seeks Long-term Deal to Buy US LNG

© Anatoly Kolodey / Adobe Stock

Top Indian gas importer Petronet LNG is looking to sign a deal in a year's time to buy at least 1 million tonnes of U.S. natural gas annually for a period of up to 10 years, as it pushes…

UKCS Still Worth Investment Despite Brexit -Equinor

(Photo: Jamie Baikie / Equinor)

Norwegian oil and gas firm Equinor will remain committed to the mature British continental shelf regardless of the country's plans to leave the European Union, a senior executive told Reuters.British…

Nghi Son Refinery Begins Commercial Production

© christian42 / Adobe Stock

Vietnam's Nghi Son oil refinery has officially begun commercial production following months of tests, the owner of the refinery said on Monday.Commercial production had begun from Nov.

Australia Becomes No.1 LNG Exporter

Image: Qatargas

Australia has overtaken Qatar as the world's largest exporter of liquefied natural gas (LNG) for the first time in November, Reuters reported quoting data from Refinitiv Eikon.According to the data provided…

Oil Prices Climb on OPEC-led Cuts

(File photo: OPEC)

Oil prices ended more than 2 percent higher on Friday after OPEC members and allies like Russia agreed to reduce output to drain global fuel inventories and support the market, but the…

Petrobras Nears Terms Over TAG Pipeline Sale

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Brazil’s state-controlled oil company Petróleo Brasileiro could present a new sale and purchase agreement (SPA) before the end of December for the sale of the Transportadora Associada de Gás (TAG) pipeline…

Oil Surges 5 pct as OPEC Agrees Output Cut

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Oil prices jumped more than 5 percent on Friday as big Middle East producers in OPEC agreed to reduce output to drain global fuel inventories and support the market.Benchmark Brent crude…

Petrobras' Next CEO Already Working Inside Company

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Petroleo Brasileiro SA's next CEO is already working within the Brazilian state-controlled oil firm and is talking with employees about business plans, four sources told Reuters.Roberto Castello Branco…

Nordea to Boost Finance for LNG Shipping

© Björn Wylezich / Adobe Stock

Nordea Bank aims to increase shipping finance activities to the growing liquefied natural gas (LNG) industry, executives at one of the world's biggest shipping financiers said.China's crackdown…

Croatia's HEP to Invest $1.85 bln in Renewable Energy by 2030

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Croatia's state-run power utility HEP aims to boost renewable energy to 50 percent of its total capacity from the current 35 percent, investing 1 billion Croatian kuna ($153.96 million) a year on average until 2030…

EnQuest Sees 20% Higher Oil Production in 2019

(Photo: EnQuest)

EnQuest expects to produce about 20 percent more oil next year as the indebted British North Sea producer strives to recover from a series of minor setbacks at its flagship field.The company…

IOC: 5-year Tender on Scrubber-fitted Tankers

Indian Oil Corp (IOC) issued a global tender to charter scrubber-fitted oil tankers for at least five years to import Iraqi oil, a tender document seen by Reuters showed.The tender says…

Prelude FLNG to Start Producing at End-2018

(Photo: Shell)

Royal Dutch Shell expects production at its Prelude floating liquefied natural gas (LNG) unit to start at the end of the year, a spokeswoman told Reuters on Tuesday."We continue to progress Prelude towards operations…

Equinor to Start Talks With Tanzania Over LNG project

(Photo: Paul Joynson-Hicks/AP/Equinor)

Norway's Equinor is ready to start talks with Tanzania on developing a liquefied natural gas (LNG) project based on a deepwater offshore discovery, the company said on Tuesday.Tanzanian President John Magufuli has asked his govern