State's greatest period of infrastructure development at hand - West Virginia Oil and Natural Gas Association https://t.co/3Ovvb5xYCi
Oil & Gas Journal Archive
- Barclays: Global recovery of upstream spending remains intact
- WoodMac: Upstream companies shift to ‘thrive’ in 2018
- World Bank to stop upstream oil and gas financing after 2019
- MARKET WATCH: Brent, NYMEX crude prices drop
- Cenovus budgets for more cost, payroll cuts
- EIA STEO: Global liquids supply to rise 2.1 million b/d in 2018
- Atlantic Coast Pipeline gets Virginia water permit, but with delay
- OPEC production fell in November from October
- MARKET WATCH: Crude prices drop after brief rally on Forties news
- US House bills introduced aimed at easing LNG exports
- PSA: Eni Norge can restore Goliat production
- BKV to buy more Marcellus shale assets
- Eclipse buying Pennsylvania interests
- Fire shutters unit at IOC’s Paradip refinery
- MARKET WATCH: Brent crude settles above $64/bbl on Forties fracture
Virginia’s water control board has approved a water quality certification for the proposed Atlantic Coast natural gas pipeline in a 4-3 vote on Dec. 12, but it was not effective immediately. The commonwealth’s Department of Environmental Quality plans to complete additional studies dealing with soil and erosion control and stormwater management plans first, a DEQ spokesman said after the vote.
Production of crude oil from the Organization of Petroleum Exporting Countries averaged 32.5 million b/d in 2017, a 200,000-b/d decrease from 2016 levels, and OPEC oil production will average 32.7 million b/d in 2018, according to the US Energy Information Administration’s latest Short-Term Energy Outlook.
Cenovus Energy Inc. is combining executive jobs and planning a 15% workforce cut in 2018 under a little-changed budget focusing on cost and debt reduction. It plans to invest $1.5-1.7 billion (Can.) in 2018, compared with an expected $1.55-1.65 billion this year.
Oil prices settled lower Dec. 13 on markets in New York and London but held steady on Dec. 14 after the International Energy Agency said US supply is growing faster than expected. IEA’s forecast came after the US Energy Information Administration said US oil production reached 9.78 million b/d for the week ended Dec. 8.
The World Bank Group (WBG) reported it plans to stop financing upstream oil and gas projects in developing countries to help implement the 2016 Paris climate agreement’s goals. Exceptions will be considered where there is a clear energy access benefit for the poor and the project fits within the countries’ Paris agreement commitments, it said on Dec. 12 during the One Planet Summit in Paris.