News & Events
LNG Hunt Less Likely as Milder Asia Winter Seen
(Bloomberg) — Prospects for a milder winter in Asia may make the frenzied seasonal hunt for liquefied natural gas less likely this year and hurt the outlook for prices, which…
Read MoreAPEC ends in disarray after US-China spat over final statement
(Nov 19): An Asia-Pacific summit ended in tumult after the US and China failed to agree on language in a final statement, the latest sign that a trade war between…
Read MoreFinding Oil Floor Is Going to Take More Time
Finding a floor for oil is going to take more time. That’s according to CIBC Private Wealth Management Senior Energy Trader Rebecca Babin, who expressed her view in a television…
Read MoreUnclear Brexit Deal Could Damage UK Oil Industry
The UK’s draft withdrawal agreement for leaving the European Union lacks clarity, which could be damaging to the UK oil and gas industry with increased costs for retaining skilled workers,…
Read MoreNatural Gas Markets Remain Ultra Tight
Natural gas prices skyrocketed this week, shooting above $4.80 per MMBtu on Wednesday, a price last seen during the polar vortex of 2014. Low gas inventories are leaving the market…
Read MoreADNOC to Invest $1.4 billion to Upgrade Bu Hasa Field
The Abu Dhabi National Oil Company (ADNOC) has announced a $1.4 billion investment to upgrade and expand its Bu Hasa field, which will increase crude oil production capacity to 650,000…
Read MoreDeals Worth $80.9B Concluded in Upstream Oil and Gas in 3Q18
A total of 362 deals with a combined value of US$80.9bn were registered in the upstream oil and gas industry in Q3 2018, according to GlobalData, a leading data and…
Read MoreUpstream Digitalization Could Save $75 Billion Annually
Digitalization in upstream: show me the money, a new report from global natural resources consultancy Wood Mackenzie indicates the upstream sector could see annual cost savings of $75 billion annually…
Read MoreBig Oil Reuses Platforms in Latest Cost-Cutting Trick
(Bloomberg) — Oil companies have pushed through draconian cost cuts during the recent industry slump, but they’re not quite done yet. Spain’s Repsol SA unveiled plans to re-use its Gyda…
Read MoreSingapore bank loan growth to slow to 3% in 2019
Trade tensions and higher interest rates will dampen borrowing. Loans extended by Singapore banks is poised to fall to 4% by end-2018 and 3% by 2019 as deepening US-China trade…
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