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East Timor's Kitan Condensate No Longer Available as Field Reaches End of Life

Dec 15, 2015

East Timor's Kitan condensate will no longer be available in the spot market as the ultra-light oil field reached the end of its normal life, market sources said Monday. "After January, there will be no more [Kitan cargoes]," a trade ...

Tags: ultra-light oil field, condensate, crude

US Refinery Margin Tracker: Unquenchable Gasoline Demand a Gift for US Refiners

Dec 15, 2015

Unseasonably strong gasoline demand is proving for US refiners to be the gift that keeps on giving this holiday season, as support from seasonal diesel demand is tamped down by record high temperatures across much of the US. Gasoline ...

Tags: gasoline, diesel, ULSD

China Bitumen Blend Demand Continues to Ease

Nov 7, 2015

Demand for imported crude, petroleum bitumen blend and straight-run fuel oil by independent teapot refineries in China's eastern Shandong province was relatively weak over this week, given narrowing refining margins on lower oil prices in ...

Tags: crude, petroleum bitumen, fuel oil

Argentine Oil Production Fell 0.4% in March Compared with The Year-Ago Period

May 28, 2014

Argentine oil production fell 0.4% in March compared with the year-ago period, while natural gas output rose 0.5% over the same period, an industry report showed Friday. Crude production declined to an average of 533,651 b/d in March from ...

Tags: oil production, Oil Output

Nigeria Is Set to Load 4.95 Million Barrels of Bonny Light in June

Apr 24, 2014

Nigeria is set to load 4.95 million barrels of Bonny Light in June, compared to 4.9 million barrels in May, according to a copy of the grade's loading schedule seen by Platts on Tuesday. There are currently five cargoes scheduled to load ...

Tags: Crude Oil, Light terminal

Canada's Total Crude Oil Output Is Expected to Reach 3.9 Million B/D in 2015

Apr 16, 2014

Canada's total crude oil output is expected to reach 3.9 million b/d in 2015, some 500,000 b/d more than the current output, driven primarily by small in-situ oil sands developments, each typically 35,000-40,000 b/d, an industry official ...

Tags: Oil Output, oil sands

The Two Companies Have Formed a Joint Venture,That Has Acquired Two Panamax-Class Ships

Mar 21, 2014

An important partnership creating jobs and consolidating Quebec's energy supply Friday, Mar 21, 2014 MONTREAL, March 20, 2014 /CNW Telbec/ - Louis-Marie Beaulieu, Chairman of the Board and CEO of Groupe Desgagnés and Ross R. Bayus, ...

Tags: Transportation, Service, power

US Crude Production Will Average 8.39 Million B/D in 2014

Mar 13, 2014

With US refineries expanding their capacity to process more domestic light oil in the coming years, the US Energy Information Administration on Tuesday said it expects refinery crude inputs to reach 15.52 million b/d this year and 15.61 ...

Tags: US Refinery, Domestic Production, light oil

Butch East Is Situated in Approximately 65 Metres Water Depth in The Norwegian North Sea

Jan 2, 2014

Faroe Petroleum, the independent oil and gas company focusing principally on exploration, appraisal and production opportunities in the Atlantic margin, the North Sea and Norway, is pleased to announce the spudding of the Centrica operated ...

Tags: Butch East, Butch discovery, Norwegian North Sea

Bengal Energy Is Pleased to Announce The Closing of The Previously Announced Purchase

Dec 23, 2013

Bengal Energy Ltd. (TSX:BNG) ("Bengal" or the "Company") is pleased to announce the closing of the previously announced purchase of an additional 5.357% working interest in the Cuisinier Oil Field and Petroleum Lease 303 ('PL303') (the ...

Tags: energy, oil, mineral

Senegal Hopes to Find Shale Gas in Its Onshore Paleozoic Basin in The Next Two Years

Dec 17, 2013

Senegal hopes to find shale gas in its onshore Paleozoic Basin in the next two years having awarded exploration licenses to international companies, the head of state-owned Petrosen said Thursday. The west African nation, already a small ...

Tags: Shale Gas, Metallurgy

Oryx Petroleum Announces The Successful Discovery at Zey Gawra in The Hawler License Area

Dec 6, 2013

CALGARY, Dec. 4, 2013 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx Petroleum" or the "Corporation") today announces the successful discovery at Zey Gawra in the Hawler license area.. The ZEG-1 well was flow tested at an average rate of ...

Tags: Oryx Petroleum, oil discovery, Hawler, ZEG-1 well, DST

Enerplus Increases Annual Average Production Forecast for 2013 to 89,000 BOE/Day

Dec 6, 2013

Thursday, Dec 05, 2013 CALGARY, Dec. 2, 2013 /CNW/ - Enerplus Corporation ("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce that based upon continued strong operational performance during the months of October and November, we are ...

Tags: Enerplus Corporation, production forecast, capital program

The United States Will Became The Biggest Oil Producer in 2016

Dec 3, 2013

The international energy agency predicts that in 2016 the United States will become the largest oil producer before Russia and Saudi Arabia. The United States will basically realize energy self-sufficient and reduce its dependence on OPEC ...

Tags: Oil Producer, Oil, Metallurgy, Mineral, Energy

Morse Was Asked Whether The US Will Soon Run out of Refining Capacity

Nov 26, 2013

The current volatility of crude oil spreads like Brent/WTI and Brent/LLS are a sign that, when it comes to light, sweet crude in the US, refining capacity limits are being reached, Ed Morse, head of commodities research at Citigroup, said ...

Tags: Chemicals

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