Iran’s $280 Billion Sanction Skirting Scheme

Given that China has put its expansion into Iran on hold for the time being due to the backlash in Iran on the extent of such plans, Tehran is now looking at ways in which it can plug the initial US$280 billion that had been expected from China to develop its oil, gas, and petrochemicals sectors. As U.S. sanctions ...

Source: Oilprice.com

New Oil and Gas Jobs From BOE Report Jobs

Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title [Read more]

Source: BOE Report

Canadian election stokes sense of alienation in western oil patch

Canada’s federal election on Monday left the country’s western oil patch without any representation in Ottawa, furthering a sense of alienation in a region already deeply frustrated with the government’s energy and pipeline policies. Prime Minister Justin Trudeau’s Liberals, who will form a minority government, failed to win a seat in either Alberta or Saskatchewan, [Read more]

Source: BOE Report

ISIS Was Built On Oil

ISIS has lost its caliphate. The infamous terrorist organization that just a few years ago had even the most powerful world leaders terrified as it snapped up more and more land in the Middle East has now been pushed out of nearly all of it. Today, the Islamic State is left with just a strip of land to call home, ...

Source: Oilprice.com

OPEC Forced To Consider Production Cuts As Bearish Pressure Mounts

OPEC will consider at its December meeting instituting even deeper production cuts, OPEC sources told Reuters today, even though not everyone in the group is complying to the existing production cuts. The “everyone” refers to Iraq and Nigeria, which are notorious over producers compared to what has been assigned to them under the current production cut pact. Still, OPEC has ...

Source: Oilprice.com

API Reports Yet Another Big Oil Inventory Build

The American Petroleum Institute (API) has estimated a crude oil inventory build of 4.45 million barrels for the week ending October 17—compared to analyst expectations of a 2.232-million-barrel build. Last week saw a large build crude oil inventories of 10.45 million barrels, according to API data. The EIA’s estimates were similar, reporting a slightly smaller—but still huge—9....

Source: Oilprice.com

API Reports Yet Another Big Oil Inventory Build

The American Petroleum Institute (API) has estimated a crude oil inventory build of 4.45 million barrels for the week ending October 17—compared to analyst expectations of a 2.232-million-barrel build. Last week saw a large build crude oil inventories of 10.45 million barrels, according to API data. The EIA’s estimates were similar, reporting a slightly smaller—but still huge—9....

Source: Oilprice.com

Hundreds Of Jobs Lost As Canadian Energy Giant Slashes Spending

Canadian energy giant Husky Energy Inc. (OTCMKTS: HUSKF) has cut staff in a round of layoffs, the company announced on Tuesday. The layoffs, thought to have affected over a hundred workers, have mostly affected workers in Calgary, where workers filed out of company headquarters to a row of cabs waiting to cart off workers who had been dismissed. The layoffs ...

Source: Oilprice.com

The Billionaire Battle For EV Dominance

The neck-to-neck race to dominate the electric vehicle space continues between Elon Musk’s Tesla and Warren Buffet’s BYD. But it’s a much larger story than just EV sales — with both companies being leaders in global sales of battery packs used in EVs and energy storage, and Tesla ready to enter BYD’s home market of China. Two other elements of ...

Source: Oilprice.com

Is China Facing A Gas Shortage?

The major Chinese oil and gas companies are boosting natural gas supply across the country ahead of the winter heating season, as demand in China continues to grow, although at a slower pace than in previous years. According to China’s news agency Xinhua, Sinopec and CNOOC will be increasing this winter’s gas supply compared to the volumes they provided in ...

Source: Oilprice.com

Is China Facing A Gas Shortage?

The major Chinese oil and gas companies are boosting natural gas supply across the country ahead of the winter heating season, as demand in China continues to grow, although at a slower pace than in previous years. According to China’s news agency Xinhua, Sinopec and CNOOC will be increasing this winter’s gas supply compared to the volumes they provided in ...

Source: Oilprice.com

The U.S. Smashes Another Oil Export Record

Growing U.S. crude oil production and exports have resulted in America selling oil to more destinations around the world than the number of countries from which it imports crude oil, the Energy Information Administration (EIA) said on Tuesday. A decade ago, the United States was importing crude oil from as many as 37 foreign sources per month, and its ...

Source: Oilprice.com

Unlikely Oil Region Searches For New Investors

Uganda is currently pitching its vast and underdeveloped oil resources to investors at roadshows around the world, Uganda’s Energy Minister Irene Muloni told Bloomberg Television in an interview in Dubai on Tuesday. Uganda is one of the hot spots for oil development in sub-Saharan Africa. A newcomer on the oil scene, the landlocked country has so far welcomed Tullow Oil, CNOOC, and ...

Source: Oilprice.com

Unlikely Oil Region Searches For New Investors

Uganda is currently pitching its vast and underdeveloped oil resources to investors at roadshows around the world, Uganda’s Energy Minister Irene Muloni told Bloomberg Television in an interview in Dubai on Tuesday. Uganda is one of the hot spots for oil development in sub-Saharan Africa. A newcomer on the oil scene, the landlocked country has so far welcomed Tullow Oil, CNOOC, and ...

Source: Oilprice.com

CAODC Reacts to 2019 Federal Election Results

The Canadian Association of Oilwell Drilling Contractors (CAODC) would like to congratulate all of Canada’s federal parties running in the 2019 election, and all voting Canadians for participating in the democratic process. CAODC looks forward to continuing to work with the federal government to develop Canada’s world-class oil and gas industry, and getting oil and [Read more]

Source: BOE Report

Oil Rebounds On Rare Market Optimism

The Hottest Investment Sector Of The Decade: Billionaire investors are already piling in, and now the smart money is set to follow.  Learn more here (Click to enlarge) (Click to enlarge) (Click to enlarge) (Click to enlarge)- Natural gas inventories rose to 3,519 billion cubic feet for the week ending on October 11. That marked the first week that inventories ...

Source: Oilprice.com