Oil Prices Down (Again). Brent and WTI futures continue their slide for their sixth straight day with Brent losing almost 14 percent since mid-October.
Iran-Pakistani Gas Pipeline Still A Thing? Looks like China might be stepping in to help Iran develop a long-delayed natural gas pipeline from Iran to Pakistan, after Pakistan withdrew from initial plans for it nearly two years ago.
Saudi Arabia Exchanges Fightin’ Words. Saudi Arabia looks to play chicken with Iran, claiming that if Tehran won’t limit its supply than they will raise their production to 11 or even 12 million barrels per day and say goodbye to the current meetings.
More North Sea Oil On The Way? Oil producers in the North Sea have indicated they may ship the most crude in more than four years, an increase that poses yet another challenge to OPEC.
Honghua Coming To Gulf Of Mexico. Chinese onshore drilling rig maker Honghua Group and Argo LNG Partners are planning to build a large LNG facility in the U.S. Gulf of Mexico as demand for LNG in China has steadily risen.
Alaska LNG Project Slow But Steady (Kind Of). Officials handling the delayed Alaska LNG Project are looking to file with federal officials for approval, but after being previously identified as the “least competitive liquefied natural gas projects in the world”, another hurdle might just be the price tag.
Statoil Moves On Norwegian Sea. More contracts were awarded for development of the Trestakk field in the Norwegian Sea, which apparently contains about 76 million barrels of recoverable oil equivalent.
Big Oil Goes For Big Carbon Capture Plan. Major oil companies are looking to invest $1 billion to develop technologies to capture and store greenhouse gas emissions, including companies like Total SA, Statoil, Shell and others, as part of continued support of the Oil and Gas Climate Initiative.
Ink Dries On Paris Climate Deal. It has been a long time coming but the Paris climate agreement officially became international law Friday but the U.N. Environment Program still has cautionary words.
Infighting Exposed At Saudi Aramco. Out of the Desert, a 300-page book and memoir of former oil minister Ali al-Naimi, paints a very hostile picture of the struggle inside the state-run oil giant and also the rise of “petro-politics” in the region.
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