US shale groups step up bond sales to finance drilling
US exploration and production companies have raised more from bond sales in 2017 than in any year since the slump in oil prices began in 2014, shoring up their finances Continue Reading
Syria Aims To Begin Offshore Gas Exploration In 2019
Syria plans to start gas exploration in its offshore areas in early 2019, and has signed contracts for five offshore blocks with “friendly countries”, local media quoted Syrian Oil and Continue Reading
Iraq’s Kirkuk refinery completes capacity expansion
North Refineries Co. (NRC), a subsidiary of Iraq’s Ministry of Oil, has commissioned a 13,000-b/d crude distillation unit (CDU) at its refinery in Kirkuk, lifting overall processing capacity at the site Continue Reading
Venezuelan creditors eyeing Citgo assets face uphill battle
Citgo Petroleum may look like a tempting target for bondholders of its parent company, Venezuelan-owned oil driller PDVSA, but the refinery operator’s complex debt structure could make its assets difficult Continue Reading
Brazilian oil production was already above last year’s average by August
Data through August for Brazil show oil production was already 3 percent above the full-year average from 2016, a country profile revealed. In a country profile, the U.S. Energy Information Continue Reading
Production from offshore pre-salt oil deposits has increased Brazil’s oil production
U.S. Energy Information Administration, International Energy Statistics Brazil has produced 3.3 million barrels per day (b/d) of petroleum and other liquids so far in 2017, according to data through August, Continue Reading
Struggling Venezuela Launches Tender To Buy U.S. Crude
Struggling Venezuelan state oil company PDVSA has launched tenders to purchase a total 4.2 million barrels of U.S. and Russian crude oil, which includes up to 3 million barrels of Continue Reading
Environmentalists Rev Up Anti-Keystone XL Angst Amongst Landowners
Landowners with property affected by the TransCanada Keystone XL pipeline are environmentalists’ newest allies in the fight against the facility’s construction, according to a new Reuters report. The Bold Nebraska Continue Reading
EIA STEO: Global liquids supply to rise 2.1 million b/d in 2018
Production of crude oil from the Organization of Petroleum Exporting Countries averaged 32.5 million b/d in 2017, a 200,000-b/d decrease from 2016 levels, and OPEC oil production will average 32.7 Continue Reading
Drillers Flock to Rockies as Sleepiest Shale Corner Awakens
It’s not exactly the Pike’s Peak gold rush of 160 years but with crude prices on the rise, explorers are returning to the oil-rich rock of Colorado. (Bloomberg) — It’s Continue Reading