Iranian Oil Output Stagnates Amid OPEC Bargaining. A Reuters exclusive report sheds light on how Iran’s steep oil output growth has stalled in the last three months, suggesting challenges for the nation as it attempts to raise production to new heights.
Oil Falls Below $49. Oil prices fell lower on Friday but were still set for their first weekly gain in three weeks. [Reuters]
Europe Ups Energy Security Ante. “European energy leaders in Budapest signed off on grants to help bolster energy diversity schemes they said Friday were already having tangible results.” [UPI]
Hurricane Energy Makes “Significant Discovery.” A British-based company said a major oil reservoir was uncovered during a pilot program. [UPI]
Last of LNG Import Terminals Dismissed In Maine. A continued lack of activity has led to a full dismissal in an application from Downeast LNG. [Bangor Daily News]
Saudi, Algerian Oil Ministers To Meet OPEC Chief. Major producers will be laying the ground work for talks in Algiers. [Bloomberg]
Origin’s New CEO Focuses On Cutting Debt. “Frank Calabria, who was named Friday as Origin Energy Ltd.’s new chief executive officer, said he’ll focus on paying down a A$9 billion ($6.8 billion) debt pile and consider more asset sales when he takes over from Grant King next month.” [Bloomberg]
World’s Biggest Floating Natural Gas Terminal Can’t Get Steady Work. Shipper Mitsui O.S.K. Lines $394 million floating terminal may end up sitting idle after its delivery. [Bloomberg]
Canada, India To Hold Third Energy Dialogue. Ministers from Canada and India discussed the upstream sector, sourcing of crude and technology and other topics at the jointly-chaired Third India-Canada Energy Dialogue. [Natural Gas Europe]
Natural Gas Rises After Inventory Report in US. Following an EIA report showing that inventories had a smaller than expected increase Thursday, natural gas stockpiles had their biggest daily increase since late July. [The Wall Street Journal]
石油圈
