It is 8am in Houston, 2pm in London, 5pm in Dubai, and 10pm in Singapore. And here are the top O&G news stories for today, Tuesday, Sep. 13, 2016.
IEA Now Sees Surplus Enduring In 2017. The International Energy Agency now says the glut in the global oil market will last longer than previously thought. [Bloomberg]
U.S. Shale Output Drop Seen For 11th Straight Month In October. The biggest declines were seen in Eagle Ford in Texas and Bakken oil production numbers are also set to drop substantially. [Reuters]
Oklahoma Ramps Up Energy Response To Earthquakes. Federal officials and Oklahoma regulators have closed down more wells in response to an early September earthquake. [UPI]
Osaka Gas Co. Resists Resale Curbs. "Osaka Gas Co. is in talks with some suppliers to remove restrictions in existing liquefied natural gas contacts that prohibit resale of the fuel amid a global oversupply." [Bloomberg]
Emerging East African Offshore Industry Drives Demand For Technology, Services. A string of natural gas discoveries offshore Mozambique could position the country among the world's largest natural gas producers in the coming years. [Offshore]
China Crude Output Drops to 6-Year Low As Giants Shut Fields. "Output from China, which was the world’s fifth-biggest producer last year, has been sliding as state-run companies shut fields too expensive to operate after prices fell earlier this year to the lowest since 2003." [Bloomberg]
Spare Libyan Oil, NATO Allies say. NATO allies are calling on those involved in the conflict in Libya to avoid jeopardizing energy infrastructure and oil exports. [UPI]
Natural Gas Jumps On Warm Weather Forecasts. Natural gas prices surged Monday amid expectations of warm weather in parts of the U.S. [The Wall Street Journal]
Kiev Vows To Avoid Russian Gas Pressures. Ukraine's prime minister says former contractual pressures from Russia will not factor into the country's aim to become energy independent in the next five years. [UPI]
GIP To Acquire $4.3 Billion Stake In Spain's Gas Natural. Global Infrastructure Partners purchased a 20 percent stake in Spain's Gas Natural SDG SA, which operates in more than 30 countries and has over 23 million customers. [Bloomberg]
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