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The Oil Man: Gulf Keystone, Jersey Oil and Gas, Empyrean
The worst kept secret in the oil industry was the offtake deal done by Sirius Petroleum (SRSP) with BP (BP.). Today the details of a $10 million revolving prepayment facility and offtake are confirmed.
The richest MPs in Britain based on income
Nadhim Zahawi (Conservative): �534,696, mainly from being Chief Strategy Officer for an oil company. 2. Nadhim Zahawi (Conservative): �534,696, mainly from being Chief Strategy.
Proactive Weekly Oil & Gas Round-up: Victoria Oil & Gas, 88 Energy, Highlands ...
Sirius Petroleum PLC (LON:SRSP) shares jumped on Monday morning after it unveiled an oil offtake deal with a subsidiary of BP PLC (LON:BP), providing the group with some US$10mln of new funds.
Lord Guthrie comes aboard at Arcanum
Lord Guthrie has taken on a number of roles since retiring from the military. Over the years, he has been on the boards of the business bank N M Rothschild & Sons, the small arms company Colt Defense, the private equity firm Sciens Capital, the mining ...
Hurricane Harvey's energy impact
WTI crude prices fell more than 2%, and the benchmark's discount to Brent spread to more than $5 a barrel for the first time since mid-2015, on reduced demand from Gulf Coast refiners. Around 2.2m barrels a day of processing capacity was taken offline ...
6 said dead in Texas as Harvey causes 'catastrophic' flooding  The Times of Israel
US oil output set to reach record high
The EIA expects Bakken output to fall by 100,000 b/d next year, averaging around 1.1m b/d. Bakken production has been gradually decreasing since 2015 but the recent uptick in output suggests this could change.
Oil Factbox: Gasoline prices soar on Harvey-related outages
The NYMEX front-month crude price discount to the second month has widened to 73 cents/b Thursday from 16 cents/b August 21, likely because crude inventories are rising at the Cushing, Oklahoma delivery point.
European Refiners Set To Benefit From Gulf Coast Chaos
“With sharply rising flows from Europe to the U.S. Gulf, we're also seeing a massive spike in crack spreads,” Carsten Fritsch, an analyst at Commerzbank AG, told Bloomberg in an interview.
Venezuela's US Refineries Turn to Canada for Oil
Limited pipeline connections and expensive rail make it hard for Canadian oil to reach buyers along the U.S. Gulf Coast, home to the world's largest cluster of refineries.
Pipeline fight returns to where it started: Water
James Carlson of Polk County, Neb., is not a fan of the Keystone XL pipeline project. He and his wife own land along the route and have testified against the pipeline, fought pipeline developer TransCanada in court, and attended rallies and public ...