RT @AnteroResources: More than $1B has been paid to West Virginia's local communities in taxes and more than 70,000 jobs have been created.…
Oil & Gas Journal Archive
- Inpex gains interest in Ichthys LNG project from Total
- ExxonMobil makes FID to develop West Barracouta gas project
- IEA revises downward non-OPEC supply growth forecast for 2019
- Witnesses give US House RFS quota discussion draft a frosty reception
- MARKET WATCH: NYMEX crude oil drops on OPEC unity concerns
- EIA STEO revises Brent, WTI oil-price forecasts downward for 2019
- Manchin to succeed Cantwell as Senate Energy panel’s top Democrat
- Cenovus to focus 2019 budget on Foster Creek, Christina Lake
- BOEM extends EIS comment period for proposed Beaufort Sea lease sale
- EIA: US crude inventories down 1.2 million bbl
- Marathon extends Bakken acreage with Ajax wells
- Watching Government: Carbon tax idea reappears
- Cuadrilla stops hydraulic fracturing in Bowland shale
- DEA to focus on Zama discovery with Sierra acquisition
- EPA establishes fresh renewable fuel, biomass-based diesel quotas
Development of an Appalachian methane storage and distribution hub would provide an important market for low-cost natural gas from the nearby Marcellus and Utica shales while attracting petrochemical projects to an area outside the Gulf Coast, where 95% of existing US capacity now is concentrated, a US Department of Energy report to Congress suggested.
Cooperation between the federal government and the US oil and gas industry that helped move the nation from reliance on imports to leadership in exports will remain essential to compete with the Organization of Petroleum Exporting Countries and Russia in the years ahead, US Energy Sec. Rick Perry and Interior Sec. Ryan K. Zinke separately told the National Petroleum Council at its Dec. 4 meeting.
Light, sweet crude oil gained modestly Dec. 4 to settle above $53/bbl on the New York market while Brent crude oil also gained slightly to settle above $62/bbl as market participants considered Qatar’s announcement that it plans to leave the Organization of Petroleum Exporting Countries. Analysts said Qatar appears to be seeking to gain favor with US President Donald Trump’s administration.
DEA Deutsche Erdoel AG (DEA), Hamburg, has agreed to acquire Sierra Oil & Gas, Mexico City, giving it access to a portfolio of six exploration and appraisal blocks in Mexico, including the Zama discovery. With the agreement, DEA commits to participate in the drilling of nine offshore exploration wells and to the development of Zama.
Houston independent Apache Corp. reported the start of production from its Garten development on Block 9/18a Area-W in the UK North Sea. The discovery well, 6 km south of the Beryl Alpha platform, was placed on production in late November, less than 8 months after being drilled in March.