08 March 2017 OSG barges to enter volatile Jones Act spot market Overseas Shipholding Group (OSG) expects a number of its Jones Act vessels to transition into the spot market this year amid "uncertainty" in the US-flag shipping market, despite the company's preference for employing tonnage on longer term charters, the company's CEO Sam Norton said during a confer Filter: Crude oil Oil products North America More filters
08 March 2017 Pioneer sees Permian topping 10mn b/d: Update US independent Pioneer Natural Resources expects Permian basin crude output to quadruple to as much as 8mn-10mn b/d by 2027 as more layers of shale formations get developed amid improving technology. Filter: Crude oil Natural gas Global North America More filters
08 March 2017 Venezuela halves oil production target Venezuela´s state-run PdV has quietly abandoned an ambitious plan to reach 6mn b/d of crude production capacity by 2021 in favor of a far more modest target of 3.18mn b/d by 2025, according to a company presentation seen by Argus . Filter: Crude oil Latin America and Caribbean More filters
07 March 2017 Hess warns of supply crunch, others less concerned Adds comments from CeraWeek participants. Filter: Crude oil Natural gas Global North America More filters
07 March 2017 EIA increases crude production forecasts The US Energy Information Administration (EIA) raised its crude production forecast for 2018 by 200,000 b/d to 9.73mn b/d. Filter: Crude oil North America More filters
07 March 2017 Output deal hinges on inventories: al-Falih Adds more details from discussion. Filter: Crude oil Middle East North America More filters
07 March 2017 UK coal-fired generation falls sharply Strong wind power generation and falling seasonal electricity demand have added to the pressure on coal-fired generators from weak dark spreads this month. Filter: Coal Electricity Europe More filters
07 March 2017 PetroEcuador crude exports tilt toward heavy grade State-owned PetroEcuador expects a slight 0.8pc drop in crude exports this year, but the makeup will tilt toward the country´s heavier Napo grade at the expense of medium-quality Oriente. Filter: Crude oil Oil products Latin America and Caribbean More filters
07 March 2017 Nigeria targets 2.5mn b/d crude output in 2020 The Nigerian government is targeting crude production of 2.5mn b/d in 2020, up from 2.2mn b/d this year and 1.8mn b/d in 2016. Filter: Crude oil Oil products Africa More filters
07 March 2017 RINs not driving any profits: Motiva No one profits from credits used to track compliance with US biofuel mandates, Motiva chief executive Dan Romasko said today, wading into a controversy that has split the industry. Filter: Biofuels Crude oil Oil products North America More filters
07 March 2017 Argentina renews unconventional gas price subsidy Argentina's government launched a four-year subsidy program for unconventional natural gas in a bid to encourage investment in the Vaca Muerta shale formation. Filter: Natural gas Latin America and Caribbean More filters
07 March 2017 Chesapeake: Debt repayment, cost among key challenges Chesapeake listed lowering its debt and ensuring that it is able to contain the expected increase in services costs through continued technology improvements as key challenges this year. Filter: Crude oil Natural gas Global North America More filters
06 March 2017 Groups question impact of US biofuel change The success of proposed changes to US biofuel mandates sought by some domestic refiners could depend on how many smaller businesses they affect. Filter: Biofuels Crude oil Oil products North America More filters
06 March 2017 New York legislators question nuclear subsidy New York lawmakers today questioned the need for a $7.6bn program to subsidize three struggling nuclear power plants, with one prominent Democrat suggesting the plan be delayed. Filter: Electricity Emissions North America More filters
06 March 2017 Texas LNG awards contracts to Samsung, KBR The mid-size Texas LNG export project has awarded a venture of South Korea's Samsung Engineering and US-based KBR contracts to conduct detailed engineering and then build the facility if an investment decision is made. Filter: Natural gas Asia-Pacific North America More filters
