News

Crude Oil

Oil Markets Heading Into Unprecedented Uncertainty: IEA's Birol

Oil markets are entering an unprecedented period of uncertainty due to geopolitical instability and a fragile global economy, the head of the International Energy Agency said on Nov. 20.

Reuters

Warburg Pincus Seeks $2.5 Billion Fund For New Energy Investments, Sources Say

After making four energy investments in 2014, private-equity firm Warburg Pincus made three in 2015 before recovering to five in both 2016 and 2017.

Reuters

Crude Oil

Rouhani Says Iran To Continue Oil Exports, Resist ‘US Economic War’

Iran will continue to export oil despite U.S. sanctions, which Iranian President Hassan Rouhani said on Nov 19 are part of a psychological war doomed to failure. 

Reuters

Crude Oil

IEA's Birol Appeals For 'Common Sense' As Oil Producers Weigh Supply Cut

Oil supply cuts by key producers could have negative implications for markets, the head of the International Energy Agency (IEA) said on Nov. 19, appealing to market players to use “common sense.”

Reuters

Crude Oil

US Gulf Coast Crude Imports Fall To 1-Year Low As Exports Surge

U.S. Gulf Coast crude oil imports in October fell to the lowest level in more than a year as the nation's production and exports soared, data from Refinitiv Eikon and market intelligence firm Kpler show.

Reuters

LNG

Cheniere Opens Texas Corpus Christi LNG Export Plant

Company mum on when the first cargo will leave the facility.

Reuters

Crude Oil

Oil Heads For Week Of Losses Despite Talk Of Supply Cut

Oil rose on Nov. 16 on expectations that OPEC and its allies would agree to cut output next month but prices were still down on the week on concerns that the global market was oversupplied.

Reuters

LNG

Papua New Guinea Paves Way For Exxon Mobil, Total LNG Expansion

The LNG expansion, which analysts estimate will cost $13 billion, is crucial to the Pacific island nation’s economy as LNG is its biggest export earner, while demand for the fuel is surging in international energy markets.

Velda Addison, Hart Energy

Anadarko Names Bob Gwin As President, Makes More Leadership Changes

Gwin, who last served as executive vice president of finance and CFO, will be responsible for leading Anadarko’s worldwide operations, project management, exploration, midstream and marketing, as well as the company’s expanding next-generation technology development and systems solutions.

Acquisitions & Divestitures

American Midstream Finds New Buyer For Refined Products Terminalling Business

Sunoco agreed to buy American Midstream’s refined products terminalling business in a roughly $125 million cash deal that comes a few months after a previous sale for the assets was called off.

Emily Patsy

LNG

Tankers Storing LNG In Asian Waters Double As Pre-Winter Demand Disappoints

Warmer weather has halted demand growth and forced prices to drop.

Reuters

Construction

US Approves Part Of TransCanada WB XPress Natgas Pipe For Service

WB Xpress will move gas out of West Virginia and Virginia.

Reuters

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