Senegal’s oil has good break-evens
There is a strategic interest emerging in oil from offshore Senegal, where a project can break even at $35 per barrel, the chairman of developer FAR Ltd. said. FAR is Continue Reading
Kenya closer to building an oil export pipeline
Kenya took a step toward building an export pipeline from its oil fields to the port city of Lamu with the award of an early-phase design contract, Wood said. Oil Continue Reading
The World’s Emerging Oil Storage Hub
A natural harbor to the northwest of Cape Town keeps a secret that oil tracking professionals are still trying to uncover. The secret is exactly how much oil is in Continue Reading
U.S. Oil Companies Look To Skirt Biofuel Quotas
Continuing a national trend, the United States’ second-largest oil refining company has recently requested a biofuel hardship waiver from the Environmental Protection Agency (EPA). The waiver, if granted, would allow Continue Reading
Cheaper U.S. Crude Oil Beats West Africa Crude Shipments To Asia
The huge discount of WTI Crude to Brent Crude has been supporting cheaper U.S. crude barrels bound for Asia, while West African cargoes, priced off dated Brent, have grown difficult Continue Reading
Exclusive: Late to teapot party, ExxonMobil breaks with tradition in wooing China’s oil market
ExxonMobil Corp’s ( XOM.N ) global oil marketing team stormed into China this week hoping to elbow aside rivals and gain access to the nation’s “teapot” refining market, executives told Continue Reading
Exxon CEO urges New York prosecutor to rethink climate change probe
Exxon Mobil Corp’s chief executive said on Wednesday he hopes the new attorney general in New York “comes to a different conclusion” than predecessor Eric Schneiderman on a climate change Continue Reading
Canada finance minister defends Trans Mountain purchase
Canada’s decision to buy Kinder Morgan Canada Ltd’s Trans Mountain pipeline was brought about by a “particularly problematic” situation and is not a symbol of how things get done in Continue Reading
Texas oil production higher, but data are mixed
Preliminary data on crude oil production from the shale basins in Texas show a moderate increase from last year, a state regulator reported. The Texas Railroad Commission, the state energy Continue Reading
Trudeau’s Pipeline Takeover Is Bittersweet Win for Oil Sands
Canada’s purchase of Kinder Morgan Inc.’s embattled pipeline is good news for the oil patch, so long as it doesn’t become the norm. While the $3.5 billion Trans Mountain takeover Continue Reading