RT @energizeWV: Hat’s off to ExxonMobil employees & XTO staff, for donating more than $280,000 to 9 colleges/universities across West Virgi…
Oil & Gas Journal Archive
- Callon to buy certain Permian basin assets from Cimarex for $570 million
- A unified Europe is essential to its energy security, forum told
- OGA reports awards for 30th offshore licensing round
- Most of RAK on offer in licensing round
- US Senate Democrats ask Trump to act on rising gasoline prices
- MARKET WATCH: Brent crude price nears $80/bbl again
- US House panel examines improved US resource position, geopolitics
- ExxonMobil plans 15% decrease in methane emissions
- Sanchez, Targa expand midstream joint venture in South Texas
- BC lawsuit challenges Alberta’s Bill 12
- Santos rejects Harbour takeover proposal, terminates discussions
- EIA: US crude stockpiles increase 5.8 million bbl
- Iranian sanctions hit work in field off UK
- MARKET WATCH: NYMEX, Brent crude prices split directions on geopolitical risks
- Industry, government seen better prepared for 2018 hurricane season
Brent crude oil for July delivery temporarily reached above $80/bbl on the London market before dropping by the end of the May 17 trading session to close at $79.30/bbl. Light, sweet crude oil on the New York market settled unchanged from the previous day at $71.49/bbl.
Rex Energy Corp., State College, Pa., has filed for voluntary bankruptcy and plans to sell its assets. The company has interests in the Appalachian basin.
Williams Cos. Inc. has agreed to acquire Williams Partners LP in an all stock-for-unit transaction valued at $10.5 billion.
US Gulf Coast onshore ports’ limited tanker loading capacities could increase crude oil export costs because the ports are not able to accommodate very large crude carriers, the US Energy Information Administration warned. Exports have grown using smaller and less-effective vessels to get the crude to designated lightering points farther from shore where it can be transferred to a VLCC, EIA said in a May 16 report.
The overall US rig count continues its climb with a slight gain this week. Baker Hughes’ calculation of active US rigs increased by 1 unit during the week ended May 18 to 1,046. Rigs drilling for oil were unchanged at 844 rigs compared with last week, while those rigs targeting natural gas gained 1 unit to 200 rigs.