Thursday, January 23, 2025

Iraq’s February Oil Sales Accelerate Despite OPEC Effort to Cut

From Bloomberg: Iraqi crude shipments rose 3 percent in the first half of February even after OPEC’s second-biggest producer agreed to participate in global output cuts to mop up a glut that has put pressure on oil prices. Exports increased to 3.93 million barrels a day in the first 15 days of the month, 122,000 barrels a day more than

Alberta oil and gas industry projects higher salaries as oil prices stabilize, Conference Board says

From CBC: The stabilization in oil prices has Alberta businesses growing increasingly optimistic about 2017’s economic climate. According to the Conference Board of Canada’s Mid-Year Pulse Check — an update report on the board’s annual Compensation Planning Outlook —  that optimism has resulted in a 1.4 to 1.6 per cent rise in salary projections in the oil and gas sector this year. The

Petronas Canada LNG Plant Buoyed by Incentives to Native Groups

From Bloomberg: A proposed $27 billion liquefied natural gas project in western Canada got a boost after British Columbia offered at least C$145 million ($111 million) in funding for native groups. The province and two First Nation groups reached agreements that will allow Petroliam Nasional Bhd. and its partners to work “on a common goal of realizing the project,” Wan Badrul Hisham,

India reaches out to new players in quest to unlock oil, gas potential

From Platts: India has decided to award the bulk of the operating licenses to new players following its first oil and gas fields auction in six years as New Delhi steps up efforts to boost domestic oil and gas production and reduce its dependence on crude oil imports. The federal cabinet Wednesday approved the award of operating licenses for 31