February 2017 Page 20 of 33 - The American Energy News

Petronas may consider relocating Pacific NorthWest LNG project

Planned Pacific NorthWest LNG could be moved to cut costs, address environmental concerns KUALA LUMPUR, Feb 13 (Reuters) – Malaysia’s state-owned oil firm Petroliam Nasional Bhd may consider relocating the proposed Pacific NorthWest LNG export terminal project, state news agency Bernama said on Monday quoting Chairman Mohamad Sidek Hassan. He said the company, better known […]

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LNG prices slide as supplies emerge from key regions

Energy Financial

LNG prices fell on weak demand, steady supplies By Oleg Vukmanovic MILAN, Feb 13 (Reuters) – Asian spot prices for LNG delivery in March fell during the week ended Feb. 10 on weak demand and steady supplies despite loading disruptions caused by bad weather at some Australian ports. Companies including U.S. LNG producer Cheniere Energy and

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Tesla targets Middle East drive with Dubai debut

Innovation

Tesla targets Middle East drive with Dubai debut By Shane McGinley and Alexander Cornwell DUBAI, Feb 13 (Reuters) – Tesla Inc has started selling its luxury electric cars in Dubai, marking its first foray into the Middle East. Sales of luxury cars in the Gulf states are among the highest in the world per capita,

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Oil prices down as dollar firms, OPEC compliance rate shrugged off

News

Oil prices down, US rig count up By Scott DiSavino NEW YORK, Feb 13 (Reuters) – Oil prices declined on Monday by about 2 per cent, the most since mid-January, pressured by a stronger dollar and signs of rising U.S. crude output. Investors were meanwhile underwhelmed by an OPEC report showing high compliance with last year’s

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Big Saudi oil cut, boosting compliance with OPEC deal

News

93 per cent compliance with OPEC deal By Alex Lawler and Reem Shamseddine LONDON/KHOBAR, Saudi Arabia, Feb 13 (Reuters) – Top OPEC oil producer Saudi Arabia made a large cut in its crude output in January to support prices and lessen a glut, helping boost compliance with the OPEC deal to reduce global supply to a record

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Native tribes to urge judge to block final link in Dakota Access pipeline

News

Two tribes argue Dakota Access pipeline would prevent them from practicing religious ceremonies By Timothy Gardner WASHINGTON, Feb 13 (Reuters) – Native American tribes seeking a halt to construction of the final link in the Dakota Access Pipeline will argue in federal court on Monday that the project will prevent them from practicing religious ceremonies

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Hedge fund positioning in oil looks stretched: Kemp

Energy Financial

Liquidity has been high in the last seven weeks By John Kemp LONDON (Reuters) – Hedge funds have accumulated a large net long position in crude oil futures and options but the size of the position and its implications for future movements in prices are disputed. Hedge funds and other money managers had accumulated a

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Lake Oroville Dam: Crews work to seal California spillway that forced evacuations

News

Lake Oroville Dam spillway could give way By Sharon Bernstein OROVILLE, Calif., Feb 13 (Reuters) – Emergency crews early on Monday prepared loads of rock to be dropped by helicopters to seal a crumbling spillway that threatens to inundate communities along the Feather River in Northern California, local media reported. Almost 200,000 people were ordered

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Noble Midstream enters pipeline joint venture in Delaware Basin

USA

Noble Midstream’s interest will be funded with cash, and its undrawn credit facility Noble Midstream Partners LP and Plains All American Pipeline, L.P. announced an agreement to form a 50/50 joint venture to acquire Advantage Pipeline, L.L.C., which owns a 70-mile, 16-inch crude oil pipeline located in the southern Delaware Basin, according to a press release.

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Texas drilling and completions statistics for January 2017

USA

Texas rig count as of Feb. 10 was 362, 49% of all active rigs in US The Railroad Commission of Texas issued a total of 956 original drilling permits in Jan. 2017 compared to 510 in Jan. 2016. The total included 865 permits to drill new oil or gas wells, 12 to re-enter plugged well

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