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Pacific National Capital 's Daily Oil & Gas News

US Will Likely Grant Fewer Waivers in May
The United States will likely grant fewer waivers to buyers of Iranian oil when they're up for renewal in May, according to IHS Markit.

Oil Retreats Near $52
Oil retreated near $52 a barrel as investors assessed surging U.S. production against output curbs pledged by some of the world's top suppliers.

Oil Futures Edge Upward
Despite cold temps in much of the US, natural gas is down again.

Offshore Australia Project Marks Step-Change
Subsea 7 and Schlumberger's OneSubsea will deliver a new subsea flowline to an existing natural gas pipeline. PHOTO SOURCE: Subsea Integration Alliance

Canadians Back Trudeau's Pipeline
A wide margin of Canadians support an oil pipeline that Prime Minister Justin Trudeau's government is pushing to build.

Survey: Oil and Gas Hiring in Houston Flat in 2019
A survey of Houston energy executives, HR staff and hiring managers expect little to no change this year in regards to hiring and company growth.

Offshore Service Spending to Outpace Onshore Shale
Research from Rystad Energy reveals that we'll see spending in the offshore service sector outgrow spending on onshore shale this year.

Canadian Oil Grades Weaken
Prices for Canadian oil fell relative to U.S. futures as Alberta Premier Rachel Notley expressed hope her government would be able to back off mandatory production curtailments in April.

Largest Licensing Award on NCS
The Norwegian Ministry of Petroleum and Energy has offered 83 production licenses on the Norwegian Continental Shelf as part of its latest APA round.

2019 US Oil Output to Average 12MM Barrels Per Day
U.S. crude oil production will average 12.1 million barrels per day in 2019, according to the EIA's latest short-term energy outlook.





















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