Tag Archives: CERAWeek

Oil output cuts past June must include non-OPEC members: OPEC Secretary General | Reuters

Any decision to extend OPEC production cuts past June would have to include the continued participation by the non-OPEC members of the November accord, OPEC Secretary General Mohammad Barkindo said on Tuesday.The group held talks in recent days with shale oil producers and hedge fund executives, he said during a media conference at the CERAWeek energy conference in Houston. This is the first time OPEC held bilateral meetings with shale producers and investment funds, Barkindo said.”I think we have broken the ice between ourselves and the industry, particularly the tight oil producers and the hedge funds who have become major players in the oil market,” he said in remarks on the sidelines of the energy conference.OPEC plans to hold an event to consider the impact of oil futures on physical crude markets, he said, without providing details.

Source: Oil output cuts past June must include non-OPEC members: OPEC Secretary General | Reuters

San Antonio-based TexStar Midstream Logistics to build EPIC Pipeline linking Permian Basin to Corpus Christi – SABJ

A San Antonio-based company has entered into a joint venture to build a 730-mile pipeline that will link the oil fields of the Permian Basin to refineries and marine terminals at Port Corpus Christi.

Source: San Antonio-based TexStar Midstream Logistics to build EPIC Pipeline linking Permian Basin to Corpus Christi – San Antonio Business Journal

What not to miss at IHS CERAWeek this year – HBJ

IHS CERAWeek is an annual energy industry conference in Houston that tends to draw huge crowds from all over the world — this year’s conference is expected to pull nearly 3,000 attendees from more than 60 countries. Denver-based IHS Inc. (NYSE: IHS) will host the 36th anniversary of CERAWeek March 6-10 at the Hilton Americas Hotel downtown.

Source: IHS CERAWeek to be held March 6-10 in downtown Houston, speakers include Exxon’s new CEO Darren Woods – Houston Business Journal

IHS Energy CERAWeek Conference on April 20-24 in Houston, TX

CERAWEEK-Natural gas industry ready to rebuild depleted U.S. supply

RPT-CERAWEEK-Natural gas industry ready to rebuild depleted U.S. supply: Thomson Reuters Business News – MSN Money.

Energy Department Prepares for Deeper Look at Crude Oil Exports

The Energy Department is preparing new analyses of the potential effects of lifting U.S. restrictions on crude oil exports as political pressure on the Obama administration to ease the decades-old limits increases.

Adam Sieminski, head of the Energy Information Administration, said he envisions a “series of reports that begin to lay the foundations to allow policymakers to understand the issue.”

via Energy Department Prepares for Deeper Look at Crude Oil Exports – NationalJournal.com.

Chevron Phillips, BASF discuss how long shale will keep chemical companies’ costs down

With more than $100 billion committed to U.S. chemical expansion projects, most of which are in the Gulf Coast, it is undeniable that chemical companies are optimistic about the cost advantages of setting up operations in the U.S.

However, up for question is how long these operations will have significant cost advantages from low-cost feedstocks produced in shale plays.

via Chevron Phillips, BASF discuss how long shale will keep chemical companies' costs down – Houston Business Journal.

CERAWEEK-Mexico to be rival oil, gas supplier to US -Canada minister | Reuters

Mexico’s energy reform initiative will spark competition with Canada in terms of supplying the United States with oil and natural gas, further fueling the major oil producer’s efforts to diversify export markets, Canada’s minister of natural resources said on Tuesday.

“There’s no question that Mexico has embarked on a bold move,” Joe Oliver, Canada’s natural resources minister, told reporters at the annual IHS CERAweek energy conference in Houston.

“They will emerge as another player. We’re focusing on diversifying our market, so that’s perhaps yet another reason to do that. Well, in fact it is,” he said.

via CERAWEEK-Mexico to be rival oil, gas supplier to US -Canada minister | Reuters.

Pemex CEO Invites World to Tap Mexico’s Energy Shale Reserves

The chief executive officer of Mexico’s state-run oil company Petroleos Mexicanos invited the world to explore for shale deposits in its recently opened energy sector.“Mexico holds about the sixth largest shale gas reserves in the world,” Emilio Lozoya said in a speech yesterday at the CERA energy conference in Houston. “You’re more than welcome to come and join the exploration opportunity,” he told a crowd of representatives from the world’s largest energy companies, such as Chevron Corp. and Exxon Mobil Corp.The crude production monopoly held since 1938 by Pemex, as the state-run company is known, ended on Dec. 20. Pemex aims to attract as much as $1 trillion in energy investment during the next decade to exploit the biggest proven oil reserves in Latin America after Venezuela and Brazil, he said.

via Pemex CEO Invites World to Tap Mexico’s Energy Shale Reserves – Businessweek.