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Daily Oil & Gas and Wall Street Journal News
8/14/18

Rule Change Cuts Demand for Canadian Oil
Posted on Monday August 13, 2018

Canadian heavy oil producers are facing a new barrier to marketing their crude.

Services Firm's Aberdeen Base Sees Increased Demand, Results in Office Move
Posted on Monday August 13, 2018

Ampelmann says its Aberdeen base has experienced increased business demand in recent months.

Unite Members Accept New Aker Mariner Offer
Posted on Monday August 13, 2018

UK union Unite confirms that members working for Aker Solutions on the Statoil Mariner oil platform have accepted an improved pay offer.

Global Upstream Project Delivery 'Finally Hitting the Mark'
Posted on Monday August 13, 2018

Global upstream project delivery is 'finally hitting the mark', according to Wood Mackenzie.

Oil Drops on Strong Dollar, Turbulence in Turkey
Posted on Sunday August 12, 2018

Oil drops as economic turbulence in Turkey and the strengthening greenback heightens concerns about global oil demand.

Saudi Cuts Oil Output As OPEC Points To 2019 Surplus
Posted on Sunday August 12, 2018

OPEC forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.

PetroChina Mulls Suspending US LNG Purchases
Posted on Sunday August 12, 2018

PetroChina may temporarily halt purchases of US LNG spot cargoes through the winter to avoid potential tariffs amid a trade conflict.

ConocoPhillips to Cut US Staff in September
Posted on Sunday August 12, 2018

Oil and gas producer ConocoPhillips will be implementing modest workforce reductions.

Iraq And Petrofac Sign $369MM Deal To Build Majnoon Crude-Processing Plant
Posted on Sunday August 12, 2018

Iraq signs a $369 million contract with Petrofac to build a new crude-processing facility in the giant Majnoon oilfield.

Merkel, Putin To Discuss Syria, Ukraine And Energy
Posted on Sunday August 12, 2018

Chancellor Angela Merkel and President Vladimir Putin will discuss the war in Syria, the conflict in east Ukraine and a disputed pipeline.

Wall Street Journal
Commercial News

8/14/18

WSJ.com: Commercial Real Estate

Sportswear-Maker Puma to Open New York Flagship
Germany?s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.

Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave.
The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser.

Sign of the Times: New Office Space Created in Retail's Tumult
Normandy Real Estate Partners? $133 million deal for the upper portion of ABC Carpet?s flagship store is an example of office space edging into territory that once was retail?s domain.

Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

New York's Commercial Property Slump Shows Signs of Slowing
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.

NYC Council Stops Midtown Tower Construction
Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.

Malls Never Wanted Gyms. Now They Court Them
Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they?re giving health clubs some of their best real estate.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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