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Pacific National Capital 's Daily Oil & Gas News

Oil Prices Backtrack on Saudi Progress Report
WTI and Brent backtracked after Saudi Aramco reported it had restored capacity at a damaged oil processing plant.

Saudi Arabia Partially Restores Output
Saudi Arabia's Abqaiq plant has restarted and is now processing about 2 million barrels a day, restoring just under half the output lost after the facility was damaged in an attack.

EOG to Supply Gas to Cheniere Texas Facility
Under the gas sales agreements, EOS will sell up to 440,000 MMBtu per day.

Global Gas Flaring Value Surpasses $16B
The value of natural gas flaring across the world has seen a substantial increase to hit a global peak of $16.4 billion this year, according to Scottish data analytics firm Brainnwave.

Offshore Egypt Field Starts Production
Eni reported that the Baltim South West gas field offshore Egypt has begun production in record time.

Where Does Culture Matter Most in Oil and Gas?
Participants in Rigzone's 2019 Ideal Employer Survey rank the top oil and gas industry players based on corporate culture.

Who Can Boost Supply to Offset Saudi Attack?
Here is a list of countries that could boost production to offset losses from Saudi Arabia in the event that the disruption to supplies from the attacks lasts longer than initially expected.

Gasoline Pump Prices Set to Jump
The attack on an oil facility in Saudi Arabia that sent futures prices soaring Monday will likely begin filtering through to gas stations later this week, according to price tracker GasBuddy.

Explosion at Eni Refinery
An explosion occurred Tuesday morning at one part of a gasification line at the Sannazzaro de' Burgondi refinery in Italy.

Saudi Outage May Test US Swing Producer Abilities
If the Saudi supply outage is sustained, we may well see a test of how well the U.S. industry can dynamically adapt to market needs.





















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