8月31日油气行业十大新闻

Oil Discoveries Fall to 70-Year Low. Analysts are concerned about thinning exploration budgets, as last year signaled the smallest amount of new supply discovered since 1947.

Shell Says Oil Market Rebalancing Could Take Until 2017. Still hoping oil prices might rebound or at least stabilize? Shell’s chief energy adviser says it still might take some time. [Reuters]

US Oil Prices Rise. Brent crude futures and U.S. West Texas Intermediate were both up on Tuesday, boosted by production suspensions in the U.S. Gulf due to tropical storm activity and the upcoming OPEC meeting. [Reuters]

Chevron Signs LNG Supply Deal In Asia. Chevron Corp. signed a 10-year term supply deal with China’s ENN LNG with the first delivery expected around 2018 or 2019. [Reuters]

Uganda Opens Door For Oil Investments. Ugandan officials say they expect billions of dollars in oil investments as it continues to award petroleum production licenses. [UPI]

Shell Sells Off U.S. Gulf Assets. Shell announced the sale of the 100 percent stake of three blocks to EnVen Energy Corp. [UPI]

Iran Invites Foreign Bids. Iranian officials are welcoming international oil companies to submit bids in the next few months as the country looks to raise billions from investors for raising oil production. [Bloomberg]

CEO Not Ruling Out Major Price Surge. The chief executive of a global energy firm is not ruling how a major surge in oil prices, but just how high could that go? [CNBC]

Natural Gas Prices Fall Amid U.S. Gulf Storms. A rally by natural gas sputtered out as tropical storms show their potential to disrupt supply off the U.S. coast. [The Wall Street Journal]

Phillips 66 Partners To Acquire Chevron Natural Gas Liquids Systems. Phillips 66 Partners is expecting to reap about $25 million in earnings from its new assets in 2017. [Houston Business Journal]