Article taken from OILPRO – Jonathan Garris
It is after 8am in Houston, 2pm in London, 5pm in Dubai, and 10pm in Singapore. And here are the top O&G news stories for Thursday, Oct. 27, 2016.
Holding At 50. Oil prices still kept an edge over the $50 mark as analysts say a drop in crude inventories helped balance out people sweating over OPEC’s meeting.
Could OPEC Need Help? When there’s something strange and oil prices don’t look good, who’s OPEC going to call? Good question. Even it’s maximum reduction plan might not put a dent in record stockpiles.
Singapore Still Sinking and Stressing. As Singapore’s oil and gas companies head into the fourth quarter, doubts are continuing to grow over some firms’ ability to pay off their debts.
Cuban Oil A Good Investment? MEO Australia says it will be doing what it can to free up potential oil reserves along the Cuban coast line.
Petronas LNG Gets Hit With Lawsuit. Aboriginal groups and environmentalist groups are filing lawsuits today against the government of Canada to overturn the permit for the $27 billion LNG project.
Balance In the Force (Of The Natural Gas Market). Ex-Cheniere boss Charif Souki weighs in on what might best help the glut in natural gas.
A Big Chunk Offshore Of Everything. According to the EIA, offshore oil accounted for 30 percent of global output last year.
ConocoPhillips Boasts Smaller Loss. The latest earnings report by the oil giant showed a smaller loss this year’s quarter compared to last, at least.
Natural Gas Futures Down, Down, Down. Futures fell to a seven-week low ahead of inventory reports.
Top Shipyards Brace For Cuts. Shipbuilders in South Korea aren’t exactly feeling warm and fuzzy after 20,000 jobs have been eliminated this year and that might not even be close to the end.