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Daily Oil & Gas and Wall Street Journal News
5/22/18

Serica Says Awaiting U.S. Licence For Rhum Field
Posted on Monday May 21, 2018

Serica Energy is still awaiting clarity on the impact of the renewal of U.S. sanctions on fields in the North Sea half-owned by a UK subsidiary of the National Iranian Oil Company.

Analysts: UK Shale Package Won’t Have Tangible Effect on Industry Momentum
Posted on Monday May 21, 2018

The latest regulatory package from the UK government to support domestic shale exploration hasn't won over BMI Research analysts.

Top 10 Drilling Contractors Oil, Gas Professionals Want to Work For
Posted on Monday May 21, 2018

Rigzone outlines the top 10 drilling contractors oil and gas professionals want to work for, according to its latest Ideal Employer Survey.

Oil Rallies to Multi-Year Highs on Venezuela Worries
Posted on Sunday May 20, 2018

U.S. crude hit its highest level since 2014 amid rising concerns that Venezuela's oil output could fall further following the country's presidential election and potential sanctions on the OPEC-member nation.

BP Sees Legal Jeopardy in Activists' Push for Climate Action
Posted on Sunday May 20, 2018

After paying more than $65 billion in legal costs for the Deepwater Horizon catastrophe, BP is wary of the risk of lawsuits related to climate change.

Southern Slims Downs After Bets on Big Projects Fail to Pay Off
Posted on Sunday May 20, 2018

Southern Co., which has spent billions of dollars to expand its U.S. utility empire, is now retrenching.

Corvex, Icahn to Mull Bid for Oil and Gas Producer Energen
Posted on Sunday May 20, 2018

Activist hedge fund manager Keith Meister and billionaire investor Carl Icahn said they may try to buy oil and gas producer Energen Corp.

Production Vessel at Ghana's Jubilee Oilfield to Shut Temporarily
Posted on Sunday May 20, 2018

The production vessel at Tullow's flagship Jubilee oilfield off Ghana's west coast will shut down next week for 21 days while it undergoes repairs, the country's power utilities said.

Polyester, Nylon Clothes May Be Caught in UK Curbs on Plastics
Posted on Sunday May 20, 2018

U.K. Chancellor Philip Hammond is being urged to start taxing clothes made from polyester and nylon.

Gas Guzzlers Set to Fade as China Sparks Surge for Electric Cars
Posted on Sunday May 20, 2018

By 2040, more than half of all new car sales and a third of the planet's automobile fleet will be electric, according to a report published Monday.

Wall Street Journal
Commercial News

5/22/18

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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