RT @exxonmobil: Today we announced our plans to join the Oil and Gas Climate Initiative, a voluntary initiative representing 13 of the worl…
Oil & Gas Journal Archive
- US House Democrats express NPR-A oil development concerns to BLM
- US Coast Guard withdraws 1999 offshore oil and gas proposed rule
- ExxonMobil to join oil and gas climate initiative
- Verus Petroleum to acquire Cieco E&P (UK)
- Total buys provider of EV-charging systems
- MARKET WATCH: NYMEX oil prices jump more than $1/bbl on lower crude inventory
- Polish president seeks more US help in fighting Russian energy moves
- CERI: Canadian LNG export economics not globally competitive
- Linn, Roan Holdings to combine to form pure-play firm
- Sorrells promoted at Texas Railroad Commission
- BLM issues final oil, gas waste prevention rule with reforms
- EIA: US crude inventories decrease 2.1 million bbl
- MARKET WATCH: NYMEX oil, gas prices rise on US-China trade tensions
- ESAI: Refinery expansions overwhelms rising gasoline, diesel demand
- MARKET WATCH: NYMEX, Brent oil prices fall slightly pending full US sanctions on Iran
Brent crude oil prices rose modestly on the London market Sept. 10 and continued higher Sept. 11 on news reports gunmen shot and killed two people at Libya’s National Oil Corp. headquarters on Sept. 10. US light, sweet crude futures also rose Sept. 11 on the news.
Due to concerns that key pipeline projects may fail to start up by their 2019 target dates, Permian producers increased their 2020 oil-basis hedge positions by 431% in this year’s second quarter, according to Wood Mackenzie’s latest analysis of oil and gas hedging activity.
Chi-Tak Yee has been appointed chief operating officer of MEG Energy Corp., Calgary. Yee joined MEG Energy in 2004 and most recently has been senior vice-president, operations, resource and technology development.
The US Environmental Protection Agency proposed changes in its 2016 New Source Performance Standards for the oil and gas industry that it said would streamline implementation, reduce duplicative EPA and state requirements, and decrease unnecessary burdens for producers. The targeted improvements package is expected to save as much as $484 million in regulatory costs from 2019 through 2025, or $75 million/year.
US chemical and plastics industry investments linked to plentiful and affordable supplies of natural gas and natural gas liquids from shale formations has surpassed $200 billion, the American Chemistry Council said. “This is an exciting milestone for American chemistry and further evidence that shale gas is a powerful engine of manufacturing growth,” said ACC Pres. Cal Dooley on Sept. 11.