Pacific National Capital 's Daily Oil & Gas News

Algeria's Sonatrach To Refine Crude Abroad To Cut Fuel Import Bill -CEO
Sonatrach plans to send oil abroad for refining as it seeks to lower a fuel bill that reached a record $2.5 billion last year.

India's Modi Launches $6.8Bln Refinery In Desert State Of Rajasthan
Indian Prime Minister Narendra Modi launches the construction of a $6.8 billion refinery in the western state of Rajasthan.

India's GAIL Renegotiates LNG Deal With Gazprom
Gas utility GAIL (India) Ltd renegotiates the terms of a long-term liquefied natural gas (LNG) purchase deal with Russia's Gazprom.

Offshore Achievement Awards Finalists Revealed
The finalists for the Offshore Achievement Awards have been revealed.

Japan Sees Little Chance Of Oil Slick From Sunk Tanker Reaching Its Coast
Japan sees little chance of the oil spill from a stricken Iranian tanker that sank on Sunday in the East China Sea reaching its shores.

NPD Grants Spirit Energy Drilling Permit for Well Offshore Norway
The Norwegian Petroleum Directorate grants Spirit Energy Norge AS a drilling permit for well 6506/9-4 S.

BP Expects to Take $1.7B Deepwater Horizon Charge
BP expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results.

Penguins FID Marks End of Cautious North Sea Era
Royal Dutch Shell plc's decision to go ahead with the redevelopment of the Penguins oil and gas field marks the end of the cautious North Sea era.

As Crude Rallies, Husky May Gain as Top Oil-Sands Stock Pick
Husky Energy, the best oil-sands stock last year, may emerge as a top pick for investors.

Russell: China's Oil Product Export Surge Shows Risks To OPEC's Gains
The standout feature of China's crude oil and product trade data for December was the surge in exports of refined fuels to a record, but it already appears that this dynamic may not be sustainable.





















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