State's greatest period of infrastructure development at hand - West Virginia Oil and Natural Gas Association https://t.co/3Ovvb5xYCi
Oil & Gas Journal Archive
- Barclays: Global recovery of upstream spending remains intact
- WoodMac: Upstream companies shift to ‘thrive’ in 2018
- World Bank to stop upstream oil and gas financing after 2019
- MARKET WATCH: Brent, NYMEX crude prices drop
- Cenovus budgets for more cost, payroll cuts
- EIA STEO: Global liquids supply to rise 2.1 million b/d in 2018
- Atlantic Coast Pipeline gets Virginia water permit, but with delay
- OPEC production fell in November from October
- MARKET WATCH: Crude prices drop after brief rally on Forties news
- US House bills introduced aimed at easing LNG exports
- PSA: Eni Norge can restore Goliat production
- BKV to buy more Marcellus shale assets
- Eclipse buying Pennsylvania interests
- Fire shutters unit at IOC’s Paradip refinery
- MARKET WATCH: Brent crude settles above $64/bbl on Forties fracture
Brent crude oil for February delivery gained nearly $1 to settle above $62/bbl on the London market Dec. 7. The benchmark continued gaining on Dec. 8. Analysts credited both Brent and US benchmark oil price support to the release of official Chinese data that showed crude imports rose in November to more than 9 million b/d.
The US Bureau of Land Management temporarily suspended or delayed parts of its 2016 venting and flaring rule until Jan. 17, 2019. “By holding off on certain requirements, BLM now has sufficient time to review the final rule while avoiding any compliance costs on industry that may not be needed after the review,” Deputy Director for Policy and Programs Brian Steed said after the Dec. 7 action.
The Organization of Petroleum Exporting Countries expects US unconventional crude oil production from tight shale formations to increase the country’s global market influence through 2025, the chief economist for the cartel said on Dec. 7.
The oil and gas industry will continue its slow recovery as upstream companies increase production, helping the midstream and services businesses as well, according to Moody’s 2018 outlook. Excess supply will continue to dampen oil prices in the coming year. Natural gas prices, on the other hand, will benefit from higher demand, but price gains will still be limited.