Oil & Gas Journal Archive
- Baker Hughes: US rig count down 10 units to 1,012
- Chrysaor to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion
- MARKET WATCH: Crude benchmarks drop despite lower US crude supplies
- CAPP 'encouraged' by Alberta premier-elect
- FERC staff issues final EIS for Gulf Liquefaction LNG project
- IOCs recorded high reserve replacement, low F&D costs in 2018, analysis shows
- Majors scoop up acreage in offshore Argentina bid round
- Dixit appointed CEO of Cairn Oil & Gas
- DOE announces up to $39 million in oil, gas R&D project grants
- EIA: US shale production to reach 8.46 million b/d in May
- Colorado’s governor signs Senate Bill 181 into law
- EIA: US crude inventories down 1.4 million bbl
- MARKET WATCH: Brent crude prices approaching $72/bbl
- Jones Energy files voluntary bankruptcy
- Concho, Frontier create Midland basin midstream joint venture
Funds affiliated with The Carlyle Group will acquire 30-40% of the Spanish integrated oil, gas, and chemical company Cepsa from sole shareholder Mubadalla Investment Co. of Abu Dhabi. In a statement, the companies said the deal is “based on an enterprise value of $12 billion.”
US light, sweet crude oil future prices for the week ended Apr. 5 closed above $63/bbl on the New York market while Brent crude oil for June delivery settled above $70/bbl in London that day. With this latest settlement, Brent breaks a psychological threshold, which analysts believe will encourage more oil investment. The oil price rally comes as the US summer driving season approaches and with it, rising fuel demand.
Bill Higgs has been named chief executive officer and member of the board of Genel Energy PLC. Higgs has been chief operating officer since October 2017. He earlier was COO of Ophir Energy PLC and CEO of Mediterranean Oil & Gas after working 23 years at Chevron Corp.
US House Democrats have called for speedier implementation of mandates in the 2011 and 2016 reauthorizations of the federal oil and gas and hazardous materials pipeline safety law. “It’s simply unacceptable that safety-critical rules passed by Congress 8 years ago are lingering somewhere,” House Transportation and Infrastructure Committee Chairman Peter A. DeFazio (Ore.) said at the Railroads, Pipelines, and Hazardous Materials Subcommittee’s Apr. 2 hearing.