Oil Jumps Most This Year as Buildup Slows in U.S. Storage Tanks

Crude climbed the most since December as a recent buildup in U.S. storage tanks and terminals appears to be slowing down. Futures gained 2.4 percent in New York on Wednesday after a government report showed American oil inventories rose by 1.84 million barrels last week. That was lower than all but two of 11 estimates in a […]

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Texas flood: U.S. Oil Exports Pour Into Markets Worldwide

NEW YORK/LONDON/SINGAPORE (Reuters) – In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S. crude have landed in more than 30 countries, ranging from massive economies like China and India to tiny Togo. The repeal has unleashed a flood of U.S. shale oil, undercutting global crude prices, eroding […]

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Royal and Ministerial Endorsements for Gastech 2018

Gastech, the global exhibition and conference at the forefront of the international gas, LNG and energy industries, is delighted to have received the Presidency of Honour from His Majesty King Felipe VI of Spain as the event arrives in Barcelona for its 30th edition. The “Presidency of Honour” is complemented by an official endorsement from […]

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Permian Seen Second to Saudis for Spare Oil-Output Capacity

The U.S.’s Permian Basin is looking like Saudi Arabia, with as much as 1 million barrels of spare oil capacity ready to go into production, according to Nansen Saleri, former head of reservoir management at Saudi Aramco, the world’s largest crude exporter. Oil producers in the Permian Basin have at least a combined 500,000 barrels […]

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The U.S. Oil Boom Is Attracting Canadian Drillers

Canadian oil and gas drillers are moving their rigs to the United States in response to greater demand for their service there and an investment climate at home that is, according to industry insiders, only making their lives harder. In a recent story for The Globe and Mail, Dan Healing quotes a few executives from […]

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Industry Leaders to Highlight Importance of Diversity & Inclusion at AOG 2018

There is no doubt that diversity and inclusion in the workplace are now considered C-level issues, and key leaders in Australia’s oil and gas sector are amongst those who are pushing that message. The importance of diversity and inclusion in the oil and gas workplace will be a major feature at AOG 2018, with some […]

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Oil Rises 1.8% To $65.61, Setting New 3-Year Closing High After 10th Straight Drop In US Crude Stockpiles

U.S. crude prices topped $65 a barrel for the first time since December 2014. Oil prices turned higher after the U.S. government reported the tenth straight weekly drop in U.S. crude stockpiles. U.S. crude prices topped $65 a barrel for the first time in more than three years on Wednesday after government data showed the […]

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U.S. Oil Prices May Climb to $80 This Year

WTI prices haven’t settled at $80 since Halloween 2014 Tightening global supplies and rising demand for crude oil helped prices for the commodity start the year with a bang—hitting their highest levels in more than three years—and many analysts believe the market has the fuel it needs to continue the rally to as high as […]

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World’s Newest Liquefaction Terminal Opens Doors to WGC 2018 Delegates

                   The 27th World Gas Conference (WGC 2018) takes place in Washington DC from June 25-29, 2018 and is the first time in WGC’s 87 year history that it will be held in a country that is both the world’s largest gas consumer and gas producer. As […]

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AOG 2018 Collaboration Forum Features Key Industry Decision Makers

Western Australian Premier Mark McGowan MLA will headline an impressive list of industry and government speakers when the much anticipated AOG 2018 Collaboration Forum kicks off on Wednesday 14 March at the Perth Convention & Exhibition Centre. The inaugural AOG Collaboration Forum was a critical success in 2017, and this year’s version is set to maintain that […]

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Parsley CEO Sheffield Stepping Into New Role In 2019; Successor Named

     Starting in January 2019, Bryan Sheffield will step back from the CEO role at Parsley Energy Inc. (NYSE: PE), the company he helped found and grow from a fledgling E&P to Permian Basin powerhouse in roughly 10 years. Sheffield will remain as CEO until 2018, at which point he will become executive chairman. He […]

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Arcanum (Raven) Announces Butene-1 Expansion Plans

HOUSTON,  Arcanum (the Company) today announced plans for expansion of its Butene-1 production complex. The Company’s flagship project, Raven, an on-purpose Ethylene-to-Butene-1 processing facility, is currently under construction in Baytown, Texas. Permitting and other development efforts are now underway which would enable two additional on-purpose Butene-1 production facilities at the same location. The Raven facility has secured […]

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