Noble Group Flags $5 billion Loss as Debt-deal Endgame Nears (Monday, 19 February 2018)

Noble Group Ltd., the commodity trader battling to survive, warned that it’ll report another vast loss including from the operations meant to sustain a revamped business, and while it signaled progress in debt-restructuring talks, hurdles to a deal remain.

The Hong Kong-based company will report a net loss of $1.73 billion to $1.93 billion for the final ...

Source: The latest Oil and Gas Industry News - from

Offshore Oil Is Poised For Significant Growth

Following three painful years of portfolio repositioning, cost cuts, and deferred projects, the offshore oil and gas industry is now more prepared to deliver projects and profits at lower costs and simpler designs.    Currently, U.S. shale is taking center stage in analyses about oil growth stories, and rightfully so — it’s growing at a much faster pace than ...


OPEC And Shale Keep Oil Prices Between $60-$75

The interaction between U.S. shale and OPEC will continue to be the dominant narrative in the oil market this year, and the opposing forces could end up trapping oil prices within a relatively narrow price band. Market sentiment has shifted quite a bit over the past month, with the impact of the OPEC cuts sparking bullish sentiment and huge ...


Will China Repeat Last Year’s LNG Import Surge?

Ever since China overtook South Korea as the world’s second-largest importer of LNG last year, traders have been keeping a very close eye on any development that might suggest whether this year will see a repeat of the 46-percent surge in LNG imports that the country experienced in 2017. Analysts interviewed by Bloomberg seem to share the opinion that one ...


Is This The Answer To The Lithium Shortage?

University of Texas at Austin and Monash University researchers have recently discovered a new, efficient way to extract lithium and other metals and minerals from water. With continual technological advancements in mobile devices and electric cars, the global demand for lithium has quickly outpaced the rate at which it can be mined or recycled. The proposed technology may be able ...


How To Avoid Blackouts Using 100% Renewable Energy

Researchers have proposed three different methods for providing consistent power in 139 countries using 100 percent renewable energy. The inconsistencies of power produced by wind, water, and sunlight and the continuously fluctuating demand for energy often hinder renewable energy solutions. In a new paper, which appears in Renewable Energy, the researchers outline several solutions to making clean power reliable enough for ...


Why Commodity Coins Are Gaining Popularity

Cryptocurrencies have become the most loved-and-hated topic in the financial world. Corporate coins, joke coins, government coins, and even commodity-backed coins are flooding the markets, and potential investors are scrambling to sift through the madness. No other coin, however, has drawn as much controversy as “El Petro.” In December, Venezuelan President Nicolas Maduro announced a plan to create an ...


The World’s Most Gridlocked Cities

If you’re thinking about the most traffic-congested cities in the world, images from Beijing and Mumbai may pop up — streets jammed with buses, trucks, and passenger cars. While these cities have been symbolic of rapid growth in crowded cities within China and India, they didn’t even make the top 10. In a new study, Los Angeles topped the list ...


Iran Fails To Comply With OPEC Deal

The OPEC Monthly Oil Market Report is out production data for January 2018. All data, unless otherwise noted, is through January 2018 and is in thousand barrels per day. OPEC crude only production has held steady for three months. However, this chart masks the fact that November production was revised downward by 45,000 barrels per day and December production was ...


The Impact Of Gazprom’s China-Russia Gas Pipeline

Gazprom’s Power of Siberia pipeline is more than two-thirds complete.  It will be delivering gas to China by the end of this year.  A second pipeline is still under discussion. A report yesterday from Alex Mercouris at The Duran noted some frustration from China over the irregular liquefied natural gas (LNG) supplies coming from its contract partners in Uzbekistan and ...


B.C. to appeal NEB ruling on Trans Mountain bylaw

VICTORIA – British Columbia’s government is appealing a decision that allows Kinder Morgan Canada to bypass local regulations in constructing its Trans Mountain pipeline expansion. The National Energy Board ruled in December that the company is not required to comply with two sections of the City of Burnaby’s bylaws on land and tree clearances. Kinder [Read More…]

Source: BOE Report

LNG Prices Remain Strong Despite Oversupply Concerns

With major new projects coming onstream in Australia and the rising output from the U.S. shale producers, the global liquefied natural gas (LNG) market was widely predicted to enter a period of oversupply between 2015-2020, with total supplies growing almost 50 percent. But somewhat to everyone’s surprise, or delight if the tone of Royal Dutch Shell chief executive Ben ...