This week’s Inside Shale highlights Dominion Energy’s plan to reduce their GHG emissions by 50%! Check out the pod… https://t.co/WS6nrkuX0x
Oil & Gas Journal Archive
- Sheffield returns to role as PNR chief executive
- Gran Tierra acquires assets in Putumayo, Llanos basins
- Queensland’s CSG-LNG plants unlikely to reach full capacity
- California’s new underground injection rules go into effect Apr. 1
- EIA: US crude inventories up 3.7 million bbl
- Federal court upholds FERC’s approval of Mountain Valley gas line
- MARKET WATCH: Crude oil prices rise on lower-than-expected API inventory
- Netherlands becomes a net gas importer
- API revises well drilling, servicing safety recommended practice
- Devon to shed assets, focus on US oil
- APLNG to buy Ironbark coal seam gas prospect from Origin
- Targa divests interest in Badlands assets for $1.6 billion
- MARKET WATCH: NYMEX crude oil briefly touches 2019 high
- CSB: Thermal fatigue likely cause of Pascagoula gas plant incident
- Anadarko, Pertamina sign LNG agreement for Mozambique plant
Houston independent Apache Corp. reduced its preliminary upstream capital budget for 2019 by 20% but expects full-year total adjusted production to trend to the midpoint of the projected 410,000-440,000 boe/d target—a 3% reduction from previous estimates.
The US House Judiciary Committee approved a fresh bill by voice vote on Feb. 7 to amend the Sherman Antitrust Act to make oil producing and exporting cartels illegal. H.R. 948, which committee member Steve Chabot (R-Ohio) introduced on Feb. 4, reportedly gained traction following reports that OPEC was considering formalizing its relationship with Russia and other non-OPEC producers and might discuss the matter when it meets with those countries’ representatives in Vienna on Apr. 18.
Crude oil benchmark prices rose modestly Feb. 8 with light, sweet crude oil for March delivery settling above $52.70/bbl and Brent settling above $62/bbl although both crude benchmarks declined for the week overall ended Feb. 8. US futures tumbled 4.6% for the week, which Dow Jones Market Data said was the largest loss since the week ended Dec. 21, 2018. Brent oil prices dropped 1% for the week ended Feb. 8.
Venezuela’s oil industry has been in a tailspin in recent years, with the country’s crude oil production falling to just 1.34 million b/d at yearend 2018 from 2.4 million b/d in 2015. This freefall is poised to carry over into 2019, according to energy research and consulting firm Rystad Energy.
India has launched the third bid round under its Open Acreage Licensing Policy, offering 23 onshore and offshore blocks covering more than 31,000 sq km for exploration. Dharmendra Pradhan, minister of petroleum and natural gas, announced OALP-3 at the Petrotech conference in Noida, outside Delhi.