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OPEC, Russia to Stand Pat on Oil Deal Even as Glut Persists

OPEC and Russia's plan to clear the global oil glut hasn't worked as they hoped, but there's little expectation the world's largest producers will act more aggressively when they meet this weekend.
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Malaysia's Petronas Delivers First LNG Cargo To Thailand's PTT

Petroliam Nasional Bhd announces the delivery of its first liquefied natural gas (LNG) cargo to Thailand.
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UAE Energy Minister Hopes Global Oil Markets Begin To Tighten In 2H

UAE Energy Minister Suhail bin Mohammed al-Mazroui says he hopes that global supplies will start tightening in the second half of the year.
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Deals Set Bullish Tone As Peru Export Halt Tightens Market

Asian spot LNG prices step higher this week, shrugging off months of weakness.
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Oil Dives About 2.5%; OPEC Crude Output Rise Forecast

Oil prices slid on Friday, settling about 2.5% lower after a consultancy forecast a rise in OPEC production.
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Neverland Tanker With Disputed Kurdish Oil Reappears Off Malta

The Neverland tanker has reappeared off the coast of Malta after going off radar near Canada on June 30.
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LyondellBasell Plans Its Largest Investment Ever Near Houston

The new PO/TBA project should create up to 2,500 construction and approximately 160 permanent jobs.
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S. Korea Easing Rules At Oil Terminals In Effort To Become Trade Hub

South Korea is in the process of easing blending restrictions at its oil storage terminals as the world's No. 5 crude importer bolsters an effort to become a North Asia trading hub.
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Canada's Encana Smashes Profit Estimates, Shares Rise

Encana posts a quarterly profit that handily beat analysts' estimates and raised its full-year core asset production growth forecast.
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EU Court Rejects Polish Bid To Halt Opal Pipeline Deal, Verdict In 2019

A European Commission deal giving Gazprom a bigger share of the Opal gas pipeline can go ahead for now until a ruling is issued in 2019.
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Schlumberger Buys Eurasia Drilling Stake In Test Of Russia-US Ties

Schlumberger NV has agreed to buy a 51% stake in Russian peer Eurasia Drilling Co (EDC) in a deal likely to test Russia-US ties.
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Trump's America-First Pipeline Plan Draws Ire of American Oil

Donald Trump's allies in the oil industry are warning the president that his bid to boost US steelmakers could backfire against their efforts to achieve his goal of "American energy dominance."
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GE Sinks as Oil Outlook Sputters, Marring End of Immelt's Tenure

Even in his final days as General Electric Co.'s CEO, Jeffrey Immelt can't escape the stench of oil.
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Greenpeace Activists Protest Near Oil Rig In Norway's Arctic Sea Area

Environmental activists protest near an offshore rig contracted by Statoil in the remote Norwegian Arctic.
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US Owns 700 Million Barrels of Oil. Trump Wants to Sell It

President Donald Trump wants to sell part of the reserve.
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Husky Energy Posts Smaller 2Q Loss On Higher Oil Prices

Husky reports a smaller loss, helped partly by higher oil prices and an increase in production.
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AGT Withdraws FERC Application For Pipeline Expansion

Enbridge’s Algonquin Gas Transmission (AGT) has withdrawn its pre-filling application with the Federal Energy Regulatory Commission (FERC) for the proposed Access Northeast pipeline expansion, according to the U.S. Energy Information Administration (EIA). The US$3.2 billion proposal sought to upgrade or expand about 125 miles (201 km) of the Algonquin pipeline system, which supplies natural gas […]

The post AGT Withdraws FERC Application For Pipeline Expansion appeared first on COMPRESSORtech2.

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Nigeria Oil Thieves Keep a Lid on Output Even as Bombs Abate

The continual disruption blighting the impoverished delta region threatens plans to exceed 2 million barrels a day, according to Wood Mackenzie.
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Singapore's Keppel Posts Lower 2Q Profit, Says Rig Market Outlook Muddy

Keppel posts a 21% drop in its quarterly profit and warned it did not expect a speedy recovery in the offshore and marine market.
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BLOG: Rigzone Survey Examines Departed Oil, Gas Workers

We wanted to know how the industry downturn affected oil and gas professionals' career paths. So we conducted a survey to find out.
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