Refining Capacity Growth In Nigeria Will 'Substantially' Erode Exports
Nigeria's projected growth in refining capacity over the early 2020s will 'substantially' erode the country's crude oil exports due to a 'weak' new project pipeline.



Reuters

LONDON, Dec 13 (Reuters) - Ineos may bring forward maintenance work at its Grangemouth refinery in Scotland due to the unplanned outage at its Forties North Sea crude pipeline, which threatens to choke the plant's feedstock, industry sources said on Wednesday.



OPEC Sees Balanced Oil Market By Late 2018 As Cuts Erode Glut
OPEC expects the world oil buy Wellhead market to be balanced by late 2018.

Reuters

LONDON, Dec 13 (Reuters) - OPEC expects the world oil buy Wellhead market to be balanced by late 2018 as its deal with other producers to cut output reduces excess oil in storage, even as the U.S.



Independent oil and gas BOP Blow Out Preventer repair company gulf coast Faroe Petroleum announced Wednesday that oil rig flanges gulf coast production from the Tambar field in Norway has recommenced.



Reuters

NEW YORK, Dec 13 (Reuters) - Oil prices slipped for a second straight day on Wednesday, as a slump in U.S.



Reuters

SEWARD, Nebraska, Dec 13 (Reuters) - Nebraska's main anti-pipeline group is trying to rally opposition to the TransCanada Keystone XL project's recently approved route through the state, tracking down landowners it says were not given a voice in the regulatory process.



Industry Body Welcomes Arrival of New North Sea Player
Industry body Oil & Gas UK welcomes the arrival of new exploration and oil rig flanges gulf coast production joint venture Spirit Energy.



Oil, Gas Firms Could Lose Millions Due to Forties Pipeline Shutdown
Oil and gas firms could lose millions of dollars in the event of a prolonged shut down of the Forties Pipeline System, oil and gas analysts at GMP FirstEnergy have confirmed.



Reuters

MOSCOW, Dec 12 (Reuters) - Russia's government has set a target of winning between 15 and 20 percent of the global buy Wellhead market for liquefied natural gas (LNG), Leonid Mikhelson, the chief executive officer of Russian gas major Novatek, said on Tuesday.



Saudi Aramco Lifts Spending Plans To $414B Over Next Decade
Saudi Aramco plans to raise its spending to $414 billion over the next 10 years.

Reuters

DAMMAM, Saudi Arabia, Dec 12 (Reuters) - Saudi Aramco plans to raise its spending to $414 billion over the next 10 years, including on infrastructure and drilling, as the state oil giant moves into new businesses, executives said.

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