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Pacific National Capital 's Daily Oil & Gas News

AMLO Doubles Down to End Fuel Theft after PEMEX Explosion
Mexico President Andres Manuel Lopez Obrador is doubling down on a controversial strategy to end fuel theft.

India Refining Capacity to Grow Five-plus Percent Annually
Just three of India's refineries will account for more than one-quarter its refining capacity in 2023, states report.

Major LNG Buyers' Uncontracted Demand to Quadruple by 2030
Wood Mackenzie expects a record number of FIDs on LNG projects in 2019.

US Drilling Slows Down, Oil Steadies Near 2-Month High
Oil steadied near a two-month high in New York amid a pullback in US drilling activity.

Houston American Energy Completes Drilling of Well in San Andreas
The well is located in an area targeted as the exploration component of the San Andreas formation.

Traders Sold German Gas That Never Showed Up
Several natural gas traders last year sold the fuel into Germany's pipeline network, but now an investigation is under way.

MEG Plans to Spend Less and Boost Oil Output
MEG Energy Corp. looks to be on its own again after Husky Energy Inc. pulled its hostile bid for the Canadian oil-sands producer.

Saudi Arabia in Talks to Build Refinery in South Africa
Saudi Arabia is in talks to build an oil refinery in South Africa as part of a pledge.

US Drops 25 Oil and Gas Rigs This Week
This marks the third consecutive week of rig declines for the US.

Ensco and Rowan Extend Time to Decide on Merger
The two companies have convened and adjourned its general meeting in which they were scheduled to approve resolutions on their merger.





















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