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OPEC's Worst Nightmare: Permian Ups Production
Posted on Tuesday November 20, 2018

OPEC's bad dream only deepens next year, when Permian producers expect to iron out distribution snags that will add three pipelines and as much as 2 million barrels of oil a day.

Florida LNG Project Clears Hurdle
Posted on Tuesday November 20, 2018

An aerial rendering of the Jacksonville Export Project. SOURCE: Business Wire

Brazil Subsea Pipeline Project Goes to McDermott
Posted on Tuesday November 20, 2018

Petrobras has awarded McDermott an EPCI contract for the ultra-shallow segment of its Rota 3 natural gas export pipeline.

Sapura Energy Wins New Contracts Worth Over $400MM
Posted on Tuesday November 20, 2018

Sapura Energy Berhad strengthens its presence in Mexico and Malaysia with new contract wins.

Putin May Talk Oil with Saudi Crown Prince at G20
Posted on Tuesday November 20, 2018

Russian President Vladimir Putin may meet with Saudi Crown Prince Mohammad bin Salman at the Group of 20 summit next week and discuss issues including the oil market, the Kremlin says.

Johan Castberg FPSO Topside Work Begins
Posted on Tuesday November 20, 2018

Kvaerner is cutting first steel today for the topside of Equinor's Johan Castberg FPSO vessel.

Canadian Oil Patch Plunged into Crisis
Posted on Tuesday November 20, 2018

While the U.S. oil industry has hit a speed bump with the recent drop in oil prices, producers in Canada are in a full-blown crisis.

Brent Will Recover Towards Year-End
Posted on Tuesday November 20, 2018

Fitch Solutions Macro Research's core view is that the price of Brent crude oil will recover towards the end of the year to average over $74 per barrel in 2018.

Crude Oil Down on OPEC Uncertainty
Posted on Monday November 19, 2018

WTI and Brent crude futures prices fell on concerns about OPEC, economic growth and soft petroleum demand.

US Gasoline Price Approaches Level for Last Thanksgiving
Posted on Monday November 19, 2018

AAA contends that motorists should add cheaper gasoline prices to their list of 'things for which to be thankful' this Thanksgiving.

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.