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Chevron Seeks Buyers for 50% Stake in Singapore Refinery, Sources say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, Refineries / By

Summary Chevron looking to sell refinery stake amid global restructuring Refinery partner PetroChina has first right of refusal on stake Chevron also gauging interest to sell other Asia assets Stake value estimated in $300 million to $500 million range SINGAPORE, (Reuters) – U.S. oil major Chevron  has sought non-binding bids for the sale of its 50% …

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Goldman Estimates Geopolitical Risk Premium of Around $10 Per Barrel for Brent After Prices Rise

Conventional Energy, Latest, Oil, US News / By

Following the rise in Brent prices to $76-77 per barrel, Goldman Sachs estimates a geopolitical risk premium of around $10 per barrel, the bank said in a note on Wednesday. While its base case is that Brent declines to around $60/bbl in Q4 assuming no supply disruptions, Goldman said the $10/bbl premium appears justified in …

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Commonwealth LNG Receives FERC Authorization for Calcasieu LNG Export Project

Conventional Energy, Latest, LNG, Natural Gas, US News / By

Commonwealth LNG said on Wednesday it has received a final order from the Federal Energy Regulatory Commission authorizing its 9.5 million tonnes per annum liquefied natural gas export project on the Calcasieu Ship Channel in Louisiana. The FERC final order follows a conditional non-free trade agreement export authorization granted by the U.S. Department of Energy, …

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Mideast Oil Giants Bring Their Billions in Search of LNG Riches

CDN and International News, Conventional Energy, Latest, LNG / By

By Anna Shiryaevskaya and Verity Ratcliffe The Golden Pass LNG terminal under construction in Sabine Pass, Texas. Photographer: Callaghan O’Hare/Bloomberg A new breed of investors is expanding into liquefied natural gas, one of the world’s hottest commodities, offering billions of dollars for new projects and squeezing out established players. With financial firepower at their disposal …

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US Crude Inventories Fall by Most in a Year, Fuel Stocks Build, EIA Says

Conventional Energy, Energy Storage, Energy Topics & Technology, Latest, Oil, US News / By

(Reuters) – U.S. crude oil stockpiles fell sharply last week, posting their largest decline in a year, while gasoline and distillate inventories rose, the Energy Information Administration said on Wednesday. Crude inventories fell by 11.5 million barrels to 420.9 million barrels in the week ending June 13, the EIA said, compared with analysts’ expectations in …

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