Oil & Gas Journal Archive
- US House Democrats strongly criticize proposed OCS policy changes
- IEA forecasts ‘roughly’ balanced oil market in 2018 with possible price ceiling
- Total enters Mexico’s petroleum product retail market
- Tullow acquires four licenses in Ivory Coast
- EIA: US oil inventories drop 2.8 million bbl
- MARKET WATCH: NYMEX crude oil climbs above $51/bbl
- Royalty tax hike in Trinidad and Tobago to most affect BPTT
- OPEC reports production rose nearly 90,000 b/d in September
- EIA forecasts higher US home heating bills this winter
- Deloitte: Executives’ confidence now ‘cautious’ for quick industry recovery
- ‘National vision’ urged for Canadian energy
- EIA STEO: Falling global inventories, demand growth seen lifting oil prices
- Railroads could improve volatile liquids safety regime, study finds
- State Gas Ltd. enters Aussie stock exchange with IPO
- MARKET WATCH: NYMEX crude oil climbs toward $51/bbl
Brent and US crude oil prices appear to be ending the first full week of October with a loss following a strong September rally.
An affiliate of BKV Oil & Gas Capital Partners LP, Denver, has agreed to acquire Marcellus shale producing interests operated by Carrizo Oil & Gas Inc., Houston, in separate deals with Carrizo and Reliance Industries Ltd., Mumbai.
Based on a “lower-for-longer” base-case scenario, global oil prices will remain in the $50-60/bbl range until late 2020, due to increasing supply that breaks even at $50/bbl, according to to the most recent global oil supply and demand outlook from McKinsey Energy Insights (MEI).
US LNG exports could play an important role in several South American countries’ future energy strategies, speakers indicated during an Oct. 5 discussion at the Atlantic Council in Washington, DC. But the countries’ governments also will be working out where private entities might have larger roles in operations where state-run entities previously have been dominant, they added.
Some 1.2 million b/d of crude oil production from the US Gulf of Mexico has been shut-in by operators as they brace for Tropical Storm Nate’s passage.