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The US Environmental Protection Agency met its statutory deadline as it announced final biofuel quotas for fiscal 2018 and biomass-based diesel quotas for 2019 that were only slightly different from those proposed earlier this year.

Light, sweet crude oil rebounded on the New York and London markets on Dec. 8, the day after US oil futures dropped to a 3-week low on a weekly government report that showed rising US crude production.

“Spirit Energy Ltd.” is the name of the European oil and gas joint venture combining Centrica PLC’s exploration and production business with Bayerngas Norge AS. The company has begun trading as an independent oil and gas operator after receiving regulatory approvals of the transaction, first reported in July.

Wintershall Group and DEA Deutsche Erdoel AG are to be merged into an independent oil and gas exploration and production company operating as Wintershall DEA. BASF, Wintershall’s parent, and LetterOne, DEA’s parent, have signed a letter of intent to merge the companies to create one of Europe’s largest independent operators. 

PAO Novatek, Moscow, has agreed to acquire rights to Chernichnoye gas and condensate field under development in Russia’s Tyumen Region from Oil Company Mangazeya JSC, Krasnoselkup, Russia, for undisclosed terms.

 

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State's greatest period of infrastructure development at hand - West Virginia Oil and Natural Gas Association https://t.co/3Ovvb5xYCi