Libya exports faces new hopes along with threats.?Libya’s hopes to boost crude exports have been dealt a blow after the head of the National Oil Corporation (NOC) objected to a deal between the government and local guards to reopen key ports. [Reuters]
SapuraKencana Scores $113 Million Contract.?Pemex has awarded SapuraKencana Petroleum Berhad’s a contract worth approximately $113 million for the procurement and construction of a new pipeline. [Oilpro]
Morgan Stanley on Oil Prices: ‘A Refinery-Driven Correction Is Upon Us’.?The global oil market is “severely oversupplied” with gasoline — with stocks at a five-year high — serving as a blow to crude prices from next month, reckon Morgan Stanley analysts led by Adam Longson. [Bloomberg]
Keppel refutes Brazilian bribery allegations.?Singapore’s offshore rig builder Keppel has refuted bribery allegations in connection with an ongoing corruption investigation against oil company Petrobras in Brazil. [Offshore Energy Today]
US Refiners Switch to Winter Grade Gasoline Earlier than Usual.?With large stockpiles and poor demand of gasoline, the US refiners have decided to blend winter grade gasoline earlier than expected. Recall that blending usually starts by August annually, followed by sales in September. [Business Finance News]
Goldman Sachs Paints Hopeful Picture For Oil Production.?Goldman expects growth in Russian production to accelerate. [Bloomberg]
ConocoPhillips To Cut 6 Percent Of Workforce.?ConocoPhillips joins other companies in announcing the latest in job cuts. [Oilpro]
Progress On North Saskatchewan River Oil Spill.?Authorities have recovered at least 40 percent of the 1,572 barrels of oil that leaked into a major western Canadian river. [Reuters]
TEN Partners Push Production In Ghana.?On course for first oil next month, the partners are looking to fast-track gas production from the TEN field in line with domestic demand and Ghana’s power generation crisis.
Iran’s Natural Gas Exports Mandate U.S. LNG Support.?Despite Western sanctions, Iran’s natural gas production continues to grow as more phases of its largest natural gas field, South Pars, come online.
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