Top Tips: Applying for Your First Graduate Job in European Oil, Gas
Top Tips: Applying for Your First Graduate Job in European Oil, Gas

Tuesday, January 27, 2015 Rigzone talks to graduate recruiters at BP and OMV about their tips for university students applying for a graduate job in oil and gas.
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Outlook & Insights
Top Tips: Applying for Your First Graduate Job in European Oil, Gas
(Tuesday, January 27, 2015) Rigzone talks to graduate recruiters at BP and OMV about their tips for university students applying for a graduate job in oil and gas.

Global Gas Prices to Sink Further in Coming Months
(Monday, January 26, 2015) Asian liquefied natural gas prices, already at four-year lows, face further steep losses in the first half of 2015 as the full force of a weak crude market works through into gas contracts and new supply comes on stream.

Quest for More Fuel-efficient LNG Ships May Trump Oil Price Slump
(Monday, January 26, 2015) Despite plunging oil prices, the trend for more fuel-efficient LNG ships may continue.

$2 Gasoline: Good Times Keep Rolling at the Pump
(Friday, January 23, 2015) At some point this will end, perhaps even soon. The price of gasoline will not fall to zero.

COLUMN-Oil Price Plunge Should Prompt New Fuel Taxes in Asia
(Friday, January 23, 2015) One worthy side-effect of the plunge in crude oil prices is that several Asian governments have ended costly fuel subsidies, but it's time to go further and impose higher taxes, argues Reuters columnist Clyde Russell.

Refining
Texas Refiner Renews Plant Services Contract with CB&I
(Monday, January 26, 2015) CB&I Monday announced it has been awarded a contract renewal for long-term maintenance, small capital construction projects and other industrial services at a Texas Gulf Coast refinery. CB&I did not divulge the refiner's name.

Total Signs Global Deal with Union
(Monday, January 26, 2015) Total signed a global agreement January 22 with international union federation IndustriALL Global Union, which represents more than 50 million workers in 140 countries in the energy, mining and manufacturing sectors.

Union Says U.S. Refinery Workers' Contract Talks Moving Slowly
(Monday, January 26, 2015) The current agreement expires at 12:01 a.m. on Feb. 1. The United Steelworkers and refiners have made preparations for a possible strike in February. The last nationwide refinery workers' strike was in 1980 and lasted for three months.

Canada Co-op Refinery Operator Pleads Guilty in 2011 Explosion Case
(Friday, January 23, 2015) The company operating the 130,000 barrel-per-day Co-Op Refinery in Regina, Saskatchewan, pleaded guilty on Thursday to violating Canada's Occupational Health and Safety Act in connection with a fire and explosion at the plant in 2011.

Russia's Refinery Runs in December Down 2.1 Pct on Month
(Friday, January 23, 2015) Russian oil refinery runs in December fell by 2.1 percent month-on-month or 123,787 barrels per day (bpd) due to a series of outages, data from the Energy Ministry and Reuters calculations showed.

Biofuels
BMW, VW Join with ChargePoint to Build EV Fast-charging Stations
(Thursday, January 22, 2015) German automakers BMW and Volkswagen are joining with ChargePoint to build a U.S. network of fast-charging stations for electric cars and plug-in hybrid vehicles, the companies said Thursday.

Dubai Taps Cheaper Solar to Raise Renewable Energy Target
(Wednesday, January 21, 2015) Dubai has more than doubled its target for renewables in its overall energy mix given the falling cost of solar power, the head of the emirate's only utility told Reuters on Wednesday.

Badly Located Renewable Power Plants Cost Europe $100 Bln-Davos Report
(Tuesday, January 20, 2015) Europe could have saved itself $100 billion by installing solar power panels in sunnier countries and wind turbines in windier places, the World Economic Forum's "Future of Electricity" platform said in a report released on Tuesday.

Saudi Arabia's Nuclear, Renewable Energy Plans Pushed Back
(Monday, January 19, 2015) Saudi Arabia's plans to build nuclear and solar energy projects will take about eight years longer to complete than originally intended, the head of the government body in charge of overseeing the projects said.

CEE POWER: Less Wind, More Demand Push Czech, Slovak Spot Higher
(Monday, January 19, 2015) Czech and Slovak day-ahead power prices rise due to a fall in renewable power generation and expected increases in power demand.

Petrochemical
BASF to Add BDO Capacity at Geismar Site
(Friday, January 23, 2015) BASF will increase its production capacities for the chemical intermediate 1,4-butanediol (BDO) by 10 percent at its site in Geismar, Louisiana, as of 2016.

TPG Acquires Stake in M&G Chemicals
(Thursday, January 22, 2015) M&G Chemicals, which is building a major PTA/PET facility in Corpus Christi, Texas, welcomed a new shareholder last week.

BPA Plastics Chemical Poses No Health Risk, Says European Watchdog
(Wednesday, January 21, 2015) The chemical bisphenol A, used to stiffen some plastic food containers, poses no health risk to consumers of any age, including unborn children, at current levels of exposure, Europe's food safety watchdog said on Wednesday.

Saudi's Tasnee CEO Says 2015 Outlook Unclear After Q4 Profit Drop
(Tuesday, January 20, 2015) The new chief executive of Saudi Arabia's National Industrialisation Co (Tasnee) said on Tuesday that slumping oil and petrochemical prices were creating a difficult near-term outlook for the industry.

Japan Dec Petchem Naphtha Imports Rise 15 Pct y/y
(Friday, January 16, 2015) Japan's naphtha imports for the petrochemical sector rose 15 percent in December from the same month a year earlier, government figures showed on Friday.

Pipelines
Knight Warrior Awards Key Contracts for E. Texas Pipeline
(Tuesday, January 27, 2015) Knight Warrior LLC, a Texas limited liability company, Monday announced that it has reached several key milestones and is moving forward with its 160-mile pipeline.

Union Members Back Spectra Projects in Northeast, Midwest
(Monday, January 26, 2015) In the Northeast and Midwest, members of LIUNA have countered opposition to Spectra pipeline projects with testimony, letters and personal lobbying, according to the union.

Breached Pipeline That Spilled Oil Lies Exposed on Riverbed
(Monday, January 26, 2015) Sonar indicates part of an underground pipeline that spilled almost 40,000 gallons of oil into Montana's Yellowstone River and fouled a local water supply is exposed on the riverbed.

Energy Transfer Partners to Buy Regency Unit for $11 Bln
(Monday, January 26, 2015) Pipeline company Energy Transfer Partners LP said on Monday it would buy affiliate Regency Energy Partners LP for about $11 billion, the latest example of master limited partnerships (MLP) trying to simplify their structures and lift returns.

U.S. Activist Investor Asks SemGroup to Explore Sale
(Monday, January 26, 2015) Sandell Asset management Corp, a small New York-based activist hedge fund, asked pipeline operator SemGroup Corp to explore strategic alternatives including a sale.

Terminals & Storage
U.S. Crude Stockpiles Surge with Largest Build in 14 Years - EIA
(Thursday, January 22, 2015) U.S. crude oil inventories had their largest weekly build since 2001, surpassing expectations as refineries reduced production, while gasoline stocks increased and distillate inventories fell, data from the Energy Information Administration showed.

Tanker Firms Look to U.S. Listings As Oil Shipping Market Rebounds
(Thursday, January 22, 2015) Inspired by an upturn in shipping markets after one of the worst sector downturns on record, a batch of oil tanker companies are looking to raise capital through U.S. listings.

Britain's Rough Gas Storage Resumes Full Operation After Outage
(Thursday, January 22, 2015) Britain's Rough gas underground storage facility has resumed operations after experiencing a partial outage, real-time flow data provided by National Grid showed.

Traders Book Oil Tankers to Store 40 Mln Barrels at Sea - Sources
(Wednesday, January 21, 2015) Oil traders have booked up to 20 tankers to store an estimated 40 million barrels of crude at sea, rising from 25 million barrels last week, as they soak up a stocks glut in anticipation of future profits, shipping and oil market sources said.

Warm 2014 Reduced French Natural Gas Demand
(Wednesday, January 21, 2015) The warmest year on records dragged French natural gas consumption down 16.5 percent in 2014 to 390 terawatt-hour (TWh), the country's main gas grid GRTgaz said on Wednesday.

LNG / LPG
Egypt Awards $2.2 Bln LNG Tender to 4 Foreign Firms-State Gas Board
(Monday, January 26, 2015) Egypt's state gas board has awarded a $2.2 billion tender to import 75 cargoes of liquefied natural gas (LNG) to four international firms, its chairman said on Sunday, as the country seeks new energy sources.

Petronas EPCC Contract Goes to JGC
(Monday, January 26, 2015) JGC bags $510 million engineering, procurement, construction and commissioning contract for Petronas' LNG Complex in Bintulu, Sarawak, Malaysia.

Yemen Declares Force Majeure on LNG Exports
(Friday, January 23, 2015) Yemen has declared force majeure on liquefied natural gas (LNG) deliveries from its Balhaf plant due to deteriorating security following the collapse of the government, trading sources said.

Yamal LNG Signs Deal with Gazprom to Sell LNG in Asia
(Friday, January 23, 2015) A trading subsidary of Russian gas producer Yamal LNG has signed a long-term supply contract with a trading subsidiary of Gazprom, under which liquefied natural gas (LNG) produced by Yamal LNG will be sold in Asia, Yamal LNG said on Friday.

Tepco, Chubu Expected to Buy 6 LNG Cargoes from Vitol, GDF Suez-Traders
(Friday, January 23, 2015) Japan's Tokyo Electric Power Co and Chubu Electric Power Co,, are expected to buy a total of six cargoes of liquefied natural gas (LNG) from Vitol and GDF Suez in their first joint tender, three traders said on Friday.

Commodities
US Gas Prices Fell 13 Cents Per Gallon, But Expected to Rise
(Monday, January 26, 2015) Industry analyst Trilby Lundberg said Sunday that the lowest prices in more than five years are likely to increase because of rising wholesale prices.

Fueled by Oil, Agriculture Sector Welcomes Low Diesel Prices
(Monday, January 26, 2015) The recent plunge in fuel prices has been a welcome relief across the agricultural sector, helping ease the pain of low grain prices for growers and boosting profits for cattle ranchers.

U.S. Regulators Should Study Oil Slump -CFTC Official
(Monday, January 26, 2015) U.S. futures market regulators should review the sharp drop in crude oil prices to gain a better understanding of the slide as they pursue rules to crack down on speculation in commodities, a top official said on Monday.

Oil Slides Despite OPEC Talk Of A Floor
(Monday, January 26, 2015) Oil fall in see-saw trade, with US crude ending at its lowest in nearly 6 years, as traders discount comments from OPEC's top official about the market finally finding a bottom.

Brent Closes Up, US Crude Down After Saudi King Dies
(Friday, January 23, 2015) Brent crude was buoyed by market uncertainty over the future of Saudi oil output, while US crude fell on more signs of oversupply.

Finance & Acquisition
Energy Transfer Partners to Buy Regency Unit for $11 Bln
(Monday, January 26, 2015) Pipeline company Energy Transfer Partners LP said on Monday it would buy affiliate Regency Energy Partners LP for about $11 billion, the latest example of master limited partnerships (MLP) trying to simplify their structures and lift returns.

U.S. Activist Investor Asks SemGroup to Explore Sale
(Monday, January 26, 2015) Sandell Asset management Corp, a small New York-based activist hedge fund, asked pipeline operator SemGroup Corp to explore strategic alternatives including a sale.

Oil Major BP Freezes Pay in 2015 to Cut Costs
(Monday, January 26, 2015) BP is freezing base pay across the group this year, the latest in a series of steps by oil majors to cut costs in response to sinking oil prices.

Venezuela Eyes Double-digit Yield on Citgo Debt Sale
(Friday, January 23, 2015) Venezuela's US oil-refining unit Citgo will probably have to pay double-digit yields to lure investors into a US$2.5bn financing package aimed at pumping new cash into its state-owned parent PDVSA.

Poland's PKN Orlen Looks for Further Takeovers in Canada
(Friday, January 23, 2015) Poland's largest oil refiner PKN Orlen plans further takeovers in Canada, seizing potential opportunities that may come up as low oil prices looked set to force rivals to sell assets, the group's chief financial officer said on Friday.

People on the Move
Davis Resigns from Western Refining Logistics
(Monday, January 26, 2015) Western Refining Logistics, LP announced Monday that Karen B. Davis has resigned as Chief Financial Officer effective February 2, 2015.

Kinder Stepping Down As Kinder Morgan CEO, To Be Exec Chair
(Thursday, January 22, 2015) Kinder Morgan Inc, the top U.S. pipeline company, on Wednesday said co-founder Rich Kinder will step down as chief executive this summer in a long-expected move.

Apache CEO Steve Farris Retires
(Tuesday, January 20, 2015) Apache, under pressure from activist-investor Jana Partners, in December agreed to sell stakes in two LNG developments, Wheatstone in Australia and Kitimat in Canada, for $2.75 billion to Woodside Petroleum, Australia's top oil and gas producer.

Gazprom Trading Unit Moving to Russia from London- Interfax
(Friday, January 16, 2015) Gazprom's energy trading unit Gazprom Marketing and Trading is moving to St Petersburg from London, Russian news agency Interfax cited sources as saying on Friday.

Bustamante to Succeed Dunning at Fluor
(Friday, January 16, 2015) David (Dave) R. Dunning, 62, Fluor’s executive vice president of Business Development & Strategy, has elected to retire from Fluor Corporation effective June 1, 2015.






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