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Daily Oil & Gas and Wall Street Journal News
9/20/18

UK Union Members Ask Total CEO to Intervene in Dispute
Posted on Wednesday September 19, 2018

Members of UK union Unite at Total E&P have written an open letter to Patrick Pouyanne, chairman and CEO of Total, requesting his personal intervention in a dispute.

OPEC's Decade of Turmoil Leaves Cartel Seeking a New Way Forward
Posted on Wednesday September 19, 2018

OPEC's 60-year history has rarely confronted a more challenging period than the past decade.

Uganda Pushes Oil-Refinery Start to 2022 as Project Plan Delayed
Posted on Tuesday September 18, 2018

Uganda's planned oil refinery may start two years behind schedule.

WTI Passes $71 Mark on Crude Stocks Draw
Posted on Tuesday September 18, 2018

WTI crude oil benchmark rose by nearly 2%.

Does Private Equity Have a Future in Deepwater Gulf of Mexico?
Posted on Tuesday September 18, 2018

New analysis by Wood Mackenzie takes a look at private equity in the US Gulf of Mexico, exploring operational strategies and potential risks.

New US LNG Projects May Feel Pinch from Latest Salvos in US-China Trade War
Posted on Tuesday September 18, 2018

What could the most recent chapter in the ongoing US-China trade dispute mean for the growing US LNG export market?

Battered Oil-Sands Servicers Pin Hopes on Shell's LNG Project
Posted on Tuesday September 18, 2018

After years of suffering through plunging prices and declining spending by oil-sands behemoths, Canada is finally seeing a light on the horizon.

The $13 Billion Offshore Jobs Engine
Posted on Tuesday September 18, 2018

There's plenty of work available sunsetting offshore platforms.

Oil Near Week's High as Supply Data Tempers Saudi View on Prices
Posted on Tuesday September 18, 2018

Brent oil held near the highest level in a week as investors weighed a potential gain in US crude stockpiles against Saudi Arabia's comfort with prices rising above $80 a barrel.

First Oil Production Begins at Tortue Field
Posted on Tuesday September 18, 2018

Panoro Energy announces that first oil production has started from the Tortue field, which is located within the Dussafu PSC offshore Gabon.

Wall Street Journal
Commercial News

9/20/18

WSJ.com: Commercial Real Estate

CBRE Global Investors Buys Stake in Three GGP Malls
One of the world?s largest real-estate asset managers has purchased a 49% stake in three malls in a deal that values them at more than $1 billion and shows that investors still have an appetite for top-tier retail property.

FAO Schwarz Is Returning to New York
A dominant presence in Midtown Manhattan for decades before its closure in 2015, the toy store is coming to life again with a new, 20,000-square-foot Rockefeller Center location.

Sportswear-Maker Puma to Open New York Flagship
Germany?s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.

Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave.
The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser.

Sign of the Times: New Office Space Created in Retail's Tumult
Normandy Real Estate Partners? $133 million deal for the upper portion of ABC Carpet?s flagship store is an example of office space edging into territory that once was retail?s domain.

Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

New York's Commercial Property Slump Shows Signs of Slowing
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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