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In an effort to ensure oil and natural gas operators working on the Outer Continental Shelf (OCS) have enough financial resources, the Department of Interior's Bureau of Safety and Environmental Enforcement (BSEE) is proposing that entities holding rights-of-way (ROW) report actual costs incurred when their pipes are decommissioned.

Oil and natural gas industry costs have improved sharply since late 2014, but overall supply costs remain high, suggesting that it's going to take stronger commodity prices to sustain global operations, BMO Capital Markets analysts said in a new report.

Dakota Access LLC and Energy Transfer Crude Oil Co. LLC (ETCO) are holding a binding supplemental open season for their respective pipeline systems, seeking commitments from shippers for transportation service to bring production in the Bakken Shale and Three Forks formation to market.

ExxonMobil Corp. and the Georgia Institute of Technology (Georgia Tech) said a team of scientists may have broken the code to reduce the amount of energy and carbon emissions associated with making plastics.

Physical natural gas traders Thursday hunkered down before release of the Energy Information Administration storage report, and both producing basins and market zone prices for Friday delivery varied within only a penny or two.


RT @energizeWV: Bob Orndorff @DominionEnergy discusses the tremendous 434% growth in WV pipeline construction jobs between 2017-18 on today…

Total direct industry wages rose from just over $1 billion in 2016 to more than $1.5 billion in 2017. For the firs… https://t.co/7vz7w16fj2

While fluctuating depending on the time of year, pipeline worker employment increased by 434% between the first qua… https://t.co/Yjlb8ewn8y

According to data recently released by WorkForceWV: 22,514 workers were directly employed in the state’s oil and na… https://t.co/ZAfKPhrsLf