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gasfacts2019

The US Environmental Protection Agency and states should not impose more methane control regulations and guidelines on the domestic oil and gas industry until EPA completes its Oil and Gas Information Collection Request (ICR) and subsequent analyses, an American Petroleum Institute official suggested.

Three international oil companies have expressed interest in two deepwater and one shallow-water blocks in the Bay of Bengal offered in a bidding round in Bangladesh.

US light, sweet crude oil gained moderately to settle above $50/bbl for both the November and December contracts on the New York market on Oct. 6. It was the first time since June that the US front-month benchmark oil contract broke through $50/bbl.

Tight shale oil and gas producers need to address public concerns more effectively as technological processes help them improve recovery rates and reduce surface disruptions, a speaker told the US Energy Association’s 2016 Energy Supply Forum on Oct. 6.

Karoon Gas Australia Ltd., Melbourne, has been awarded a large exploration permit offshore South Australia in the Ceduna subbasin of the Great Australian Bight to the southeast of the controversial deepwater permits held by BP PLC, Statoil AS, Murphy Oil Corp., Santos Ltd., and Chevron Corp.

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