Reuters

July 27 (Reuters) - Asian spot liquefied natural gas (LNG) prices rose this week as a heatwave gripped Japan and high temperatures swept across South Korea and parts of China boosting cooling demand though relief is set to come from new Russian supplies.



Reuters

July 27 (Reuters) - U.S. independent oil refiner Phillips 66's quarterly profit topped analysts' estimates on Friday as cheaper crude prices boosted refining margins by more than 45 percent.



Texas to 'Shatter' Oil Production Records with Fewer Rigs and Workers
Economist Karr Ingham shares the mid-year results from the Texas Petro Index and oil rig flanges gulf coast production is doing well.



Oil Prices Fall With Stock Market; Brent Marks Weekly Gain
Oil prices fell, weighed down by a drop in the US equities market.

Reuters

NEW YORK, July 27 (Reuters) - Oil prices fell on Friday, weighed down by a drop in the U.S.



Senyo Fialor, a Petroleum, Energy Economics and Finance MSc student at the University of Aberdeen, recalls his first job in the oil industry.

I worked for Baker Hughes, a GE Company, for four and a half years.



KCA Deutag, SOCAR AQS Reach Agreement to Form Joint Venture
KCA Deutag reaches an agreement with SOCAR AQS to form a joint venture.

KCA Deutag announced Thursday that it has reached an agreement with SOCAR AQS to form a joint venture.



Analysts: Increasing Scale, Repetition of North Sea Strikes Raises Risks
The increasing scale and repetition of labor strikes in the North Sea raises operational risks, BMI Research says.

The increasing scale and repetition of labor strikes in the North Sea raises operational risks to both the timelines of new project developments and to the longer-term investment attractiveness of operations in the region.



PwC: 2Q Sees Increase in M&A Deals; Downstream Leads in Value
PwC's latest quarterly report reveals that downstream and midstream dominated the second quarter in terms of deal value.

Second quarter deal value for 2018 was higher than it’s been in six quarters and the highest second quarter deal value in history, according to PwC’s quarterly U.S.



Drug Use in the Permian: Substance Abuse Advocates Look to Help Oil Workers
Rehab centers in Midland treat many oilfield professionals who are abusing drugs and alcohol.

[Editor's Note: This is the third installment in a three-part series exploring the working and living conditions for employees in the Permian.



Reuters

NEW YORK, July 26 (Reuters) - Oil prices rose for the third consecutive day on Thursday after Saudi Arabia suspended oil shipments through a strait in the Red Sea following an attack on two oil tankers and as trade tensions between the United States and the European Union eased.


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