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gasfacts2019

US Interior Sec. David L. Bernhardt agreed to defer oil and gas leasing near Chaco Canyon in New Mexico following a visit with tribal leaders in the area, US Sen. Martin T. Heinrich (D-NM) reported.

An Eni SPA subsidiary has farmed in to three blocks offshore Mozambique in an agreement with ExxonMobil Mozambique Exploration & Production Ltd., the operator.

The US Department of Energy authorized additional exports of domestically produced natural gas from the Freeport LNG project on Quintana Island in Texas. The May 28 order said the project’s sponsors can export the equivalent of 262.8 bcfd of gas from the terminal’s proposed Train 4 to countries not having a free-trade agreement with the US where US laws or policies do not prohibit trade.

The National Marine and Fisheries Service proposed authorizing incidental harassment approval (IHA) of marine mammals on May 28 during construction and operation of Hilcorp’s proposed Liberty Drilling and Production Island in Alaska. The proposed rule would establish a framework under the Marine Mammal Protection Act for 5 years. Comments will be accepted through June 28.

Light, sweet oil for July dropped to settle under $59/bbl on the New York market May 29 while Brent prices dropped to below $70/bbl for the July delivery contract, but the benchmarks did not plummet by more than $3/bbl as they did a few days earlier on geopolitical concerns.

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