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Reuters

Suncor, Total SA argue over cost of Fort Hills project
Reuters
CALGARY, Alberta/PARIS (Reuters) - Canada's Suncor Energy Inc is in the early stages of a commercial dispute with France's Total SA over funding for the Fort Hills oil sands project in northern Alberta, the two companies said on Thursday.

and more »
Posted: July 27, 2017, 4:09 pm

Asia Times

Big oil cuts costs, approving projects at fastest pace in years
Asia Times
More new oil and gasfields were approved in the first half of this year than over all of 2016, the Financial Times reports, as conventional producers fight back against competition from US shale. Average development costs have fallen 40% since 2014, ...

Posted: July 27, 2017, 3:08 pm

Telegraph.co.uk

Shell braces for 'lower forever' oil amid electric vehicle boom
Telegraph.co.uk
Instead, new oil projects will need to be “resilient in a world where oil has peaked”. “When that will be is not certain. But that it will happen, we are certain,” he said. Demand for traditional fuel was also likely to remain high in less advanced ...
Shell sees future of 'lower forever' oil pricesMarketWatch
Oil demand could peak in about 10 years, says Shell CEO, sooner than others forecastCNBC
Shell Posts 700% Rise In Earnings, Prepares For 'Lower Forever' Oil PricesOilPrice.com
ETEnergyworld.com
all 143 news articles »
Posted: July 27, 2017, 12:55 pm

Reuters

Europe's oil giants recover from three-year slump
Reuters
LONDON/PARIS (Reuters) - Europe's major oil and gas companies have turned a corner after a three-year slump, reporting strong growth in profits as cost cutting paid off and vowing to press on with saving more money amid a fragile recovery in oil prices.
Big Oil Set To Boost Q2 Profits Even At $50 Oil PriceOilPrice.com

all 12 news articles »
Posted: July 27, 2017, 8:47 am

Business Recorder (press release) (registration) (blog)

Total beats earnings forecasts, turns to new projects
Financial Times
Total said it would continue to invest in new energy projects while global assets were still cheap as the French oil and gas giant reported a forecast-beating second quarter earnings on Thursday. Patrick Pouyanne, the chief executive officer, said that ...
Total barrels ahead as oil price riseBusiness Recorder (press release) (registration) (blog)
Total CEO: 'excellent Q2 results'Energy Voice
Total SA Plans to Open Up the Checkbook After Impressive Q2 EarningsMotley Fool

all 11 news articles »
Posted: July 27, 2017, 6:46 am

OilPrice.com

Trump's US-Steel Pipeline Plan To Backfire On Energy Projects
OilPrice.com
Although the American-steel-first plan has gained some support from domestic steelmakers, the oil and gas industry is pushing back against it, and this project is potentially pitching two of the industries that have been seen as benefiting the most ...

and more »
Posted: July 26, 2017, 4:01 pm

Financial Times

'Big Oil' fights back
Financial Times
Conventional oil and gas producers are approving new projects at the fastest rate since the oil price crash three years ago in a sign of “big oil” fighting back against competition from US shale producers amid low crude prices. More new oil and ...

Posted: July 26, 2017, 3:13 pm

Hydrocarbons Technology

Nghi Son Oil Refinery and Petrochemical Project, Vietnam
Hydrocarbons Technology
Nghi Son oil refinery and petrochemical complex is located in the Nghi Son Economic Zone, approximately 260km away from Hanoi, Vietnam. It is the second refinery to be developed in the country, after the Dung Quat refinery. The Nghi Son project aims to ...

Posted: July 25, 2017, 1:19 pm

IFP News

'Iran Not Obliged to Contract Out Oil Projects to India' - IFP News
IFP News
An Iranian legislator says Tehran has no commitment to contracting out the development of its oil fields to India.

and more »
Posted: July 25, 2017, 1:09 pm

Israel's Modiin looks to buy into California oil projects - Reuters
Reuters
JERUSALEM, July 24 (Reuters) -* Israel's Modiin Energy said on Monday it is intalks with U.S. oil and gas producer Aera Energy to buy intothree oil.

and more »
Posted: July 24, 2017, 6:55 am

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