Daily Oil & Gas and Wall Street Journal News
5/25/17
Oil Plunges 5% On Disappointment With OPEC Cuts
Posted on Wednesday May 24, 2017
Oil prices tumbled 5% as the extension of output curbs by OPEC and other producing countries disappointed investors.
BLOG: OFS Crew Cuts May Shave Near Term US Crude Oil Production Growth
Posted on Wednesday May 24, 2017
Rebuilding the completion crew workforce at US shale plays will take time, likely to slow North American crude oil production.
Former House Speaker Boehner: Trump 'Still Learning How to be President'
Posted on Wednesday May 24, 2017
John Boehner delivers a fierce keynote in which he shares his view on Trump's presidency, whether or not he'd consider running for president and of course, Russia.
TECH SHOWCASE: 'End to End' Molecular Fuel Marking
Posted on Wednesday May 24, 2017
This chemical technology binds to molecules to detect adulterated fuels and crude oils.
A Tiny Island Off Singapore May Hold Keys to Energy's Future
Posted on Wednesday May 24, 2017
A hydrogen-based energy storage system costs about 10 times more than a diesel back-up generator with similar power output, according to Toshiba Corp.
Venezuela's Secret Plot to Sell Banned Syrian Oil in US Market
Posted on Wednesday May 24, 2017
The plan reportedly aimed to sell discounted Syrian oil to Venezuela through a Russian shell company, which would send it to Aruba for refining and distribution to US gas stations.
GE's Saudi Joint Venture To Start Gas Turbine Production This Year
Posted on Wednesday May 24, 2017
General Electric's joint venture to manufacture gas turbines in Saudi Arabia will start production by the end of the year.
Austria's OMV Says Iran Owes It $48 MM
Posted on Wednesday May 24, 2017
The National Iranian Oil Company (NIOC) still owes Austrian oil and gas group OMV $48 million, OMV's exploration and production chief Johann Pleininger says.
Nigeria's Senate Passes Long-Awaited Oil Governance Bill
Posted on Wednesday May 24, 2017
Nigerian Oil Minister Emmanuel Ibe Kachikwu says Nigeria was not opposed to joining OPEC production caps but would have to wait and see if production came back to acceptable levels.
Energean Signs Lease Agreement for Exploration Onshore Greece
Posted on Wednesday May 24, 2017
Energean Oil & Gas signs a Lease Agreement with the Greek government for the exploration and exploitation of hydrocarbons at the Aitoloakarnania block, onshore Western Greece.
Wall Street Journal
Commercial News
5/25/17
WSJ.com: Commercial Real Estate
China Life Buys Sprawling Portfolio of Small Market U.S. Real Estate
China Life Insurance Group is buying a 95% stake in 48 commercial properties scattered throughout the U.S. in deal that values the portfolio at $950 million and highlights the growing appetite among foreign investors for real estate in markets they mostly have ignored until now.
As Lower East Side Gentrifies, Condo Offers Sprawling Private Garden
Trees, tree house, hilly path, fire pits, telescopes: The One Manhattan Square condo building on the Lower East Side takes the private-garden amenity very seriously.
New Jersey Ski Resort Files for Bankruptcy
Mountain Creek Resort Inc., a New Jersey ski resort less than two hours from Manhattan, has filed for bankruptcy protection, citing years of above-average temperatures, scant snowfall and missteps by prior owners.
What's Behind GE's Move From the Connecticut Suburbs to Boston
Chief Financial Officer Jeffrey Bornstein says being near students was a major attraction
Apple Headquarters Signals Tech's Boom, Bravado
Apple Inc.?s new headquarters in Silicon Valley is the most lavish in a spate of glitzy new architectural projects by tech titans at a time when their businesses are booming and market valuations are soaring.
New York Landlords Roll Out Freebies to Attract Tenants
Manhattan office landlords are boosting their use of concession packages such as free rent and remodeling cash to entice tenants to take space.
NYC Picks Development Team for West Side Mixed-Use Tower
The New York City Economic Development Corp. has tapped a development team to transform a far West Side parking lot into a mixed-use tower with affordable housing, offices and dormitories.
