Natural Gas
North American exodus at PetroChina sparks speculation of company shift
NEW YORK (Reuters) — A flurry of departures across the US and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is committed to the region.
India's Reliance to boost profit, naphtha exports by using ethane
MUMBAI/SINGAPORE (Reuters) — India's Reliance Industries Ltd expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive said on Wednesday.
Saudi Aramco to complete phase 1 of expanded gas pipeline by year end
KHOBAR, Saudi Arabia (Reuters) — Saudi Aramco will complete the first phase of an expansion of the main gas pipeline across Saudi Arabia by the end of this year, the company said in its weekly magazine, part of an effort to meet the kingdom's rising gas demand.
BP mulling IPO of US Midwest and Gulf Coast pipeline assets
(Reuters) — BP Plc is considering an initial public offering of its vast US Midwest and Gulf Coast pipeline assets, the company said on Tuesday, a move that would raise cash.
Saudi Aramco's 2016 oil reserves slip, gas up
KHOBAR, Saudi Arabia (Reuters) — Saudi Aramco said on Thursday its recoverable crude oil and condensate reserves slipped to 260.8 Bbbl at the end of 2016 but its daily crude oil production hit a new record of 10.5 MMbpd.
EIA: Even as renewables increase, fossil fuels continue to dominate US energy mix
Fossil fuels have provided more than 80% of total US energy consumption for more than 100 years. Since 1928, when consumption of natural gas surpassed that of biomass, the three fossil fuels—petroleum, natural gas, and coal—have been the most consumed fuels in the United States. In 2016, fossil fuels accounted for 81% of total US energy consumption, the lowest fossil fuel share in the past century.
India's oil imports from Iran plunge over gas field row
NEW DELHI (Reuters) — India's oil imports from Iran have fallen to their lowest since June 2016, shipping data shows, in possible retaliation for Tehran not awarding a gas field development to Indian companies.
BP Statistical Review shows long-term shifts underway
The 2017 edition of the BP Statistical Review of World Energy shows global energy markets continuing to undergo long-term changes as they also adapt to nearer-term price challenges.
EIA: US remains the world’s top producer of petroleum, natgas hydrocarbons
The US remained the world's top producer of petroleum and natural gas hydrocarbons in 2016 for the fifth straight year despite production declines for both petroleum and natural gas relative to their 2015 levels.
India moving beyond oil as seeks alternatives to OPEC
VIENNA/NEW DELHI (Reuters) — OPEC production cuts and the prospect of more expensive oil are pushing India to consider US and Canadian suppliers, as well as encouraging it to turn to renewable energy, the country's petroleum and natural gas minister said on Monday.
- Serbia secures U.S. sanctions waiver for its NIS oil firm 3/20
- Tanker carrying fuel originally bound for Cuba diverts to Trinidad 3/20
- Vietnam accelerates shift to ethanol fuel as Iran war drives up energy prices 3/20
- Damaged Russian tanker days away from Libyan shores, Italian official says 3/20
- India’s Reliance buys about 155,000 bpd Russian oil after pause 3/20
- China's Sinochem cuts refinery runs, seeks prompt-delivery crude 3/20
