RT @exxonmobil: Today we announced our plans to join the Oil and Gas Climate Initiative, a voluntary initiative representing 13 of the worl…
Oil & Gas Journal Archive
- US House Democrats express NPR-A oil development concerns to BLM
- US Coast Guard withdraws 1999 offshore oil and gas proposed rule
- ExxonMobil to join oil and gas climate initiative
- Verus Petroleum to acquire Cieco E&P (UK)
- Total buys provider of EV-charging systems
- MARKET WATCH: NYMEX oil prices jump more than $1/bbl on lower crude inventory
- Polish president seeks more US help in fighting Russian energy moves
- CERI: Canadian LNG export economics not globally competitive
- Linn, Roan Holdings to combine to form pure-play firm
- Sorrells promoted at Texas Railroad Commission
- BLM issues final oil, gas waste prevention rule with reforms
- EIA: US crude inventories decrease 2.1 million bbl
- MARKET WATCH: NYMEX oil, gas prices rise on US-China trade tensions
- ESAI: Refinery expansions overwhelms rising gasoline, diesel demand
- MARKET WATCH: NYMEX, Brent oil prices fall slightly pending full US sanctions on Iran
Prices for both light, sweet crude and Brent crude were down Sept. 13 following days of gains as investors focus on demand concerns as trade disputes and possible emerging market crises loom.
Thanks to stronger distillate margins and favorable crude differentials, refining and marketing companies’ earnings will increase by 13-15% through the end of 2019 and the growth will likely persist beyond 2020. This is according to an analysis from Moody’s Investor Service.
The upstream greenhouse-gas emissions intensity of bitumen from the Canadian oil sands has fallen on average since 2009 and will continue doing so through 2030, says a study by IHS Markit. During 2009-17, the study says, emissions from upstream operations per barrel of bitumen produced fell by 21%. A further 16-23% lowering of emissions intensity is possible over the next decade.
The US House of Representatives’ Natural Resources Committee approved a bill that would increase shares of new federal offshore oil and gas revenue for Texas, Louisiana, Alabama, and Mississippi under the 2006 Gulf of Mexico Energy Security Act to 50% from 37.5%.
South Africa’s Competition Tribunal has conditionally approved a proposal by Glencore to acquire Chevron Corp.’s majority ownership in Chevron South Africa, which operates a 110,000-b/d refinery at Milnerton, Cape Town, as well as the entirety of Chevon’s interest in downstream assets in Botswana.