Oil & Gas Journal Archive
- Hoeven reintroduces cross-border energy transportation bill
- EPA registers isobutanol for blending into gasoline up to 16%
- MARKET WATCH: NYMEX oil prices increase on US crude inventory decline
- Evergreen to buy Raton basin assets from PNR for $79 million
- ExxonMobil, PAA to build 1 million-b/d Permian-to-Gulf Coast crude pipeline
- FERC commissioners, US senators question coal-fired power bailouts
- EIA: US crude stockpiles decrease 4.1 million bbl
- CAPP links oil production, pipeline growth
- IHS Markit forecasts Permian basin oil production will double from 2018-23
- MARKET WATCH: Light, sweet crude price splits direction from Brent
- Indian Essar Oil renamed Nayara Energy
- ExxonMobil advances Liza Phase 1 development
- Junex, Cuda merging, acquiring PRB assets
- MARKET WATCH: NYMEX crude reaches above $66/bbl; Brent holds at $76/bbl
- Samson Resources expands Green River basin acreage
Light, sweet crude oil prices fell by more than $1/bbl for a second consecutive trading session on the New York market June 4 while Brent crude oil prices dropped about $1.50/bbl on the London market.
Bahrain will select international partners in December 2019 for the production phase of a large oil and gas discovery off its west coast. Crown Prince Salman bin Hamad Al Khalifa, deputy supreme commander and first deputy prime minister, sketched a timetable for development of the discovery at a June 3 meeting of the Higher Committee for Natural Resources and Economic Security.
Crude oil prices gained on both the London and New York markets June 5, but Brent prices fell in June 6 trading on news reports that Venezuela state oil company Petroleos de Venezuela SA (PDVSA) might declare force majeure on some oil contracts.
Tight oil technology was improving already when crude oil prices began their plunge in mid-2014, speakers generally agreed during the US Energy Information Administration’s 2018 conference. But improvements might have quickened as the drop accelerated because producers and their goods and services suppliers felt pressed to be more economically and operationally efficient, they said during a June 4 breakout session.
The US Bureau of Land Management’s incurred costs and potential liabilities for reclaiming oil and gas wells likely increased from fiscal 2010 through 2017, but it’s not certain by how much since the agency does not track the needed data, the Government Accountability Office said in a report that it released on June 5.