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Daily Oil & Gas and Wall Street Journal News
3/21/19

Aker BP Makes New Discovery
Posted on Wednesday March 20, 2019

Aker BP has made a discovery at the Froskelar Main exploration well.

Texas Posts 15,000+ Industry Jobs During Jan-Feb
Posted on Wednesday March 20, 2019

From January through February, there were 90,718 total job postings for the Texas oil and natural gas industry, of which 15,375 were unique.

Oil Stays Above $60
Posted on Wednesday March 20, 2019

Oil held above $60 a barrel after the biggest withdrawal of crude in American storage tanks since July raised speculation that global supplies are tightening.

Oil Price Clears $60-mark
Posted on Tuesday March 19, 2019

Both the WTI and Brent contract prices finished the day higher.

Will the US Ever Become Part of OPEC+?
Posted on Wednesday March 20, 2019

Experts weigh in on whether the United States will ever join the OPEC+ group.

McDermott Wins Russia Ethylene Tech Contract
Posted on Tuesday March 19, 2019

McDermott will license a 650-kta ethylene plant.

Equinor Subsea Contract Goes to TechnipFMC
Posted on Tuesday March 19, 2019

The Johan Sverdrup ULQ platform topsides. IMAGE SOURCE: KBR

Alberta Increases Oil Production Limits
Posted on Tuesday March 19, 2019

Alberta's government will allow oil producers to pump more in May and June.

Trump Guides Don't See High Oil Prices as All Bad
Posted on Tuesday March 19, 2019

Higher oil prices may not always be a bad thing for the U.S. economy, according to a White House report.

$264B Needed to Realize UK's Oil and Gas Vision
Posted on Tuesday March 19, 2019

$264 billion will need to be spent by exploration and production companies in existing operations and new opportunities to realize the UK oil and gas industry's Vision 2035.

Wall Street Journal
Commercial News

3/21/19

WSJ.com: Commercial Real Estate

CBRE Global Investors Buys Stake in Three GGP Malls
One of the world?s largest real-estate asset managers has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property.

FAO Schwarz Is Returning to New York
A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location.

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.

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