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China To Develop New Shale Gas Fields, Plans Guizhou Auction This Week

China plans to develop two new shale gas fields in the south of the country and open up tenders for more oil and gas exploration blocks, the Ministry of Land Resources says.
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Standard Bank Seeks to Raise $3 Billion for Ugandan Oil Pipeline

Standard Bank Group Ltd.'s Ugandan unit plans to raise $3 billion for a crude pipeline by the second half of next year.
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OPEC's Long-Sought Success Spoiled by 2018 Oil Supply Worry

Oil investors are already worrying over the potential fallout when OPEC's deal to cut output expires, marring emerging signs that the accord to shrink a glut is finally succeeding.
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Automation is the Key to the Future of Oil and Gas

With an increasingly diverse energy market and a shortage in skilled labor, automation of daily operations will be a key factor for sustainable growth in the oil and gas industry.
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How to Sell Yourself in the Job Search: The Presentation

'Be prepared and execute' during the job interview, says sales pro.
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Big Oil Dangles $19 Billion in Investments for Norway Tax Breaks

Norway's oil industry says it has some major investments in store if the government can just come through with some tax incentives.
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Kemp: Hedge Funds Gamble For A Third Time On Oil Rebalancing

Hedge fund managers are becoming bullish towards crude oil and refined fuels for the third time this year and must be hoping the signs of market rebalancing are real this time.
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Andeavor Unit To Buy Western Refining Logistics For $1.5B

Andeavor Logistics LP said it would buy rival Western Refining Logistics LP for $1.5 billion as it seeks to expand into the Permian Basin in Texas and New Mexico.
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More than 100 Oil, Gas Job Cuts Coming in Texas

More layoffs are on the horizon for three companies with operations in Texas.
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Saudi's Sadara Commissions Last Plant of Its Saudi Petchem Complex

TDI is mainly used in the production of flexible polyurethane foam for furniture, mattresses and car seats.
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EIA: US Shale Output Seen Posting 9th Straight Monthly Rise

US shale oil production for September which includes a new regional data input, is forecast to rise by 117,000 barrels per day, its ninth consecutive monthly rise, the US EIA says.
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Oil 'God' Blames Worsening Market, Algos for Closing of Fund

Andy Hall, the oil trader known to many as "God", said he decided to close his flagship hedge fund amid a deteriorating outlook for prices next year and the "frustrating" dominance of algorithmic traders.
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Egypt To Reduce Imports Of LNG To 80 Cargoes In 2017/18 Year

Egypt is planning to import 80 cargoes of LNG during the 2017-18 financial year that began in July, Petroleum Minister Tarek El Molla told Reuters.
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Oil Falls by Most in Five Weeks Amid Fear of Chinese Demand Drop

Oil tumbled by the most in more than five weeks as fears of falling oil demand in China overshadowed news that Libya's crude supply was disrupted.
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Novum Completes First Sale of Imported Diesel to Mexican Retailer

US-based trading firm Novum Energy said it has completed its first sale of imported ultra-low sulfur diesel to a Mexico-based fuel retailer.
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Australia's $180B LNG Megaproject Boom Enters Final Stretch

The last massive component of Australia's $180 billion LNG construction boom arrived, stepping up a race between Shell and Inpex to start chilling gas for export in 2018.
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Husky Energy to Buy $435 Mln Wisconsin Refinery

Husky said the deal will boost its refining capacity to 395,000 barrels per day.
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Gas Starts Flowing from BP's New Fields Offshore Trinidad and Australia

BP has started producing gas from two new projects offshore Trinidad and Tobago and Australia, the company said, further boosting output that is helping the company to turn a corner after a bruising market downturn.
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Can Some Nebraska Farmers Kill the Keystone XL Pipeline?

"When I first started this, it was about my house ... I just wanted to protect my home," said Shannon Graves, who owns a hardware store in Polk, Neb. and lives less than 100 yards from the proposed route of the Keystone XL Pipeline.
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Grease, Lube and Precision: NEA Compressor Assembly Video

Happy Friday! If you enjoy precision assemblies and well-lubed bearings, then this video from Neuman & Esser Group (NEA) should brighten your morning as you head into the weekend.

The post Grease, Lube and Precision: NEA Compressor Assembly Video appeared first on COMPRESSORtech2.

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