Reuters

SINGAPORE, June 1 (Reuters) - Asian spot liquefied natural gas (LNG) prices rose this week to their highest since February as buying interest from China remained firm and as supply is expected to be limited during maintenance in August.



Eni In Process Of Reducing Stakes In Mexico, Indonesia Oilfields-CFO
Italy's oil and gas major Eni is in the process of reducing its stakes in its oilfields in Mexico and Indonesia, Chief Financial Officer Massimo Mondazzi says.



Petronas Agrees to Acquire 25% Stake in LNG Canada Project
Petronas agrees to acquire a 25% stake in the LNG Canada project in Kitimat, British Columbia.

Petronas announced Thursday that its wholly-owned entity, the North Montney LNG Limited Partnership (NMLLP), has agreed to acquire a 25 percent stake in the LNG Canada project in Kitimat, British Columbia.



EIA: US Oil Output Jumps To Record 10.47 MMbpd In March
US crude oil oil rig flanges gulf coast production jumps to 10.47 million bpd in March, the highest on record.

Reuters



The Top Independents Oil, Gas Professionals Want to Work For
Rigzone outlines the top 10 independent oil, gas companies.

ConocoPhillips is the independent oil and gas BOP Blow Out Preventer repair company gulf coast most people want to work for, according to (IES), which received 6,621 responses from more than 100 countries.



Shell Starts Up 'Most Competitive' GOM Subsea Project Early
According to Shell, the start-up occurred approximately one year ahead of schedule.

Shell Offshore, Inc. announced that oil rig flanges gulf coast production has begun from the first phase of its Kaikias subsea oil and gas development in the U.S.



US Crude Tumbles, Widening Brent's Premium To 3-Year High
US oil fell nearly 2%, despite a larger-than-expected decline in US crude inventories.

Reuters

NEW YORK, May 31 (Reuters) - U.S.



Reuters

MANILA, May 31 (Reuters) - The Philippines' energy ministry plans to import initially about 240 million litres of diesel, equivalent to three days of the country's requirements, from Russia and other non-OPEC countries for stockpiling purposes, it said on Thursday.



Reuters

BAKU, May 30 (Reuters) - Azeri state oil BOP Blow Out Preventer repair company gulf coast SOCAR and Norway's Equinor on Wednesday signed a risk service contract for the development of the Karabakh offshore oil and natural gas field in the Caspian Sea.



Reuters

BAKU, May 30 (Reuters) - The global oil industry should ramp up investment to ensure it can cope with future consumption growth and avoid supply shortages, OPEC Secretary-General Mohammad Barkindo told a conference in Baku.


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