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A political logjam that has kept Lebanon out of promising natural gas development in the Eastern Mediterranean has begun to loosen.

Workers at Trinidad and Tobago’s state-owned Petrotrin have gone on strike, effectively shutting down the company’s 165,000-b/d refinery and stopping its 45,000 b/d crude oil production from fields both on and offshore.

Lucas Energy Inc., Houston, has agreed to partner with a private Houston-based oil and gas holding company in the Permian basin of Texas, and will change its name to Camber Energy Inc. to reflect the firm’s new operational focus.

According to the US Energy Information Administration’s Annual Energy Outlook 2017 (AEO 2017), which has projections through 2050, the US will become a net energy exporter in most cases as petroleum liquid imports fall and natural gas exports rise.

State Oil Co. of the Republic of Azerbaijan (SOCAR) and BP PLC-operated Azerbaijan International Operating Co. (AIOC) have signed a letter of intent for future development of Azeri-Chirag-Gunashli (ACG) field off Azerbaijan in the Caspian Sea.


RT @exxonmobil: Today we announced our plans to join the Oil and Gas Climate Initiative, a voluntary initiative representing 13 of the worl…

Attention college students and faculty! Exhibit your projects and research while networking with leaders on shale d… https://t.co/n9YBw4p7Bs

RT @CEAorg: Our latest report outlines how #naturalgas helped grow jobs for West Virginians and save them more than $4 billion over the las…