CA Gasoline Sales Push Oil Demand

Motorists in California purchased more gasoline in October 2014 than any corresponding month since 2007, according to state tax records, confirming the renewed growth in U.

Yinson Wins $2.5 bln Ghana Oil & Gas Contract

Yinson Holdings Bhd , Malaysia's oil and gas services firm, said on Wednesday it secured a $2.54 billion floating production, storage and offloading (FPSO) vessel

Shell Inks Iraqi Petrochemicals Plant Deal

Royal Dutch Shell signed deal with Iraq worth $11 billion to build a petrochemicals plant in the southern oil hub of Basra, Industry Minister Nasser al-Esawi said on Wednesday.

Petrobras Refinery Plans Shelved

Petrobras has dropped plans to build two low-sulfur diesel refineries in Brazil's northeast, writing off the value of work already done on them, the Brazilian state-run

Sasol Delaying LA GTL Investment

Sasol announces plan to respond to the low oil price environment.   Accoding to Reuters, certain decisive measures have been agreed to and are being implemented

Crude Decline Cut Both Ways for Miners

The plunge in oil prices is a double-edged sword for many miners, lowering the cost of production but at the same time cutting the value of the commodities they produce.

Brent slips to $49 on U.S. Crude Stocks

U.S. crude stocks up 12.7 mln barrels last week (API). Oil slipped to $49 a barrel on Wednesday after an industry report said U.S. crude stocks rose by the most in two decades last week,

Petrobras Taking Graft-linked Q4 Writedown

Brazil's state-run oil company Petrobras is likely to take a corruption-related charge against earnings in its 2014 fourth-quarter audited financial statement expected by the end of April,

UK Council Defers Shale Permit Decision

A local English government council has voted to delay a decision on whether shale gas firm Cuadrilla can progress with two fracking projects, in a case that is

Plunging Oil Strengthens Ukraine's Hand with Russia Gas

Ukraine has cut Russian gas imports and Gazprom cannot afford to lose Ukraine. Ukraine has a stronger hand to play at talks with Russia on gas supplies thanks to the fall in oil prices,

NewLead Holdings Acquire 5 Vessels

  NewLead Holdings Ltd. announced today that it recently added five bitumen tanker vessels to its fleet. The Company has expanded its fleet to 10 vessels in less

Russia – Turkey Gas Pipeline Approved

  Ankara hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Taner Yildiz, Turkish Minister of Energy and Natural Resources.

Port of Le Havre Calls for EOI for Storage Facility

  Port of Le Havre has called Expression of Interest (EOI) for Storage facility for liquid Bulks to be set up inside the port. The Grand Port Maritime du Havre (GPMH),

Magnolia Inks Gas Pipeline Deal

  Magnolia    LNG. wholly    owned    subsidiary of Liquefied    Natural    Gas    Limited    executed    a    Gas    Pipeline    Interconnect Agreement     (PIA)   

CORIMA Orders a Damen ASD Tug 2810

CORIMA, part of the Italian Gesmar Group, has ordered a Damen ASD Tug 2810.   The Damen ASD Tug 2810, which has a 60 metric tons bollard pull, will be deployed in the port of Ancona.

Signet Shipyard Delivers EPA Tier 3 ASD Tug

Signet Maritime has taken delivery of its ninth technologically advanced ASD tug in less than four years.   The SIGNET VIGILANT was constructed at Signet Shipbuilding & Repair in Pascagoula,

Saipem Frontrunner for Kashagan Pipeline Contract

Embattled Italian oil services group Saipem is in pole position to win a contract worth up to $2 billion to replace pipes at the Kashagan oilfield in Kazakhstan,

Enterprise Contracts to Boost U.S. Crude Exports

Enterprise bumps up exports through annual contracts; signs 2015 contracts with PDS, Vitol; seeks one more term buyer. U.S. exports of condensate have been given

Factors Driving 2015 U.S. Oil Output

Rig counts are a highly imperfect guide to future oil production but they are one of the few readily available statistics on oilfield activity so it is unwise to dismiss their importance entirely.

Global Gas Prices Converge After Five Years

U.S. natgas prices have remained low due to domestic shale boom; Asian LNG prices soar post-Fukushima; rising China demand. Global benchmark prices for natural

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