Poll finds overwhelming majority of West Virginians favor natural gas development https://t.co/xNzrgUiboJ
Oil & Gas Journal Archive
- Baker Hughes: US rig count down 10 units to 1,012
- Chrysaor to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion
- MARKET WATCH: Crude benchmarks drop despite lower US crude supplies
- CAPP 'encouraged' by Alberta premier-elect
- FERC staff issues final EIS for Gulf Liquefaction LNG project
- IOCs recorded high reserve replacement, low F&D costs in 2018, analysis shows
- Majors scoop up acreage in offshore Argentina bid round
- Dixit appointed CEO of Cairn Oil & Gas
- DOE announces up to $39 million in oil, gas R&D project grants
- EIA: US shale production to reach 8.46 million b/d in May
- Colorado’s governor signs Senate Bill 181 into law
- EIA: US crude inventories down 1.4 million bbl
- MARKET WATCH: Brent crude prices approaching $72/bbl
- Jones Energy files voluntary bankruptcy
- Concho, Frontier create Midland basin midstream joint venture
Most US voters prefer a national energy strategy that recognizes and improves technologies that already have contributed to the country’s emissions reductions in the last 10 years to policies that are centered on expanded government regulation, a survey commissioned by the US Chamber of Commerce’s Global Energy Institute found.
Russian crude exports will reach a multiyear high of 5.7 million b/d in April, 400,000 b/d higher than average exports in the previous 5 months, according to a market alert released by ESAI Energy. As the past few years’ fluctuations in Russian exports have shown, uncommonly high exports are accompanied by greater flows of Russian crude into Asia.
Light, sweet crude oil prices fell just over $1/bbl on the New York market and Brent crude oil prices fell almost as much in London as US crude stockpiles reach high levels not seen in almost 17 months. US crude oil inventories for the week ended Apr. 5 increased by 7 million bbl from the previous week to reach 456.5 million bbl, data from the US Energy Information Administration showed.
The Federal Reserve Bank of Kansas City’s first-quarter Energy Survey revealed that energy activity in the Tenth District was essentially flat, but the outlook for future activity rose moderately. Firms reported that oil prices needed to average $52/bbl for drilling to be profitable, down slightly from 6 months ago and below both current and expected prices.
Chevron Corp. has agreed to buy Anadarko Petroleum Corp. in a cash and stock deal that values Anadarko at $50 billion and creates growth opportunities for Chevron in areas that play to its operational strengths.