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
Canadian Natural Resources is linking its capital spending plan for 2019 to the debottlenecking of oil production in Alberta. Citing “a lack of market access and a dysfunctional pipeline nomination process” in Canada, the company plans a “base capital program” of $3.7 billion (Can.) in 2019, about $1 billion below its longer-term, “normalized capital program” and the outlay expected this year.
Equinor and Faroe Petroleum PLC have agreed to asset swaps in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf. The transactions are calibrated as a balanced swap with no cash consideration. Faroe signed a binding agreement to swap its interests in the Njord, Hyme redevelopment, and Bauge development assets in return for interests in four production assets on the NCS: Alve, Marulk, Ringhorne East, and Vilje.
Light, sweet crude oil for January delivery fell modestly on the New York market to settle below $53/bbl while Brent for February and March fell to settle below $62/bbl Dec. 5 pending a meeting of OPEC in Vienna. The cartel is under pressure after oil prices fell about 30% since early October. Analysts said oil prices tumbled on concerns about rising world oil supplies coupled with concerns about world economic growth—and likely slowing oil demand.
Timothy Cutt has been named president and chief executive officer of QEP Resources Inc., Denver, succeeding the retiring Charles Stanley in those positions.
US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased by 7.3 million bbl for the week ended Nov. 30, according to data from the US Energy Information Administration. EIA released the Weekly Petroleum Status Report a day later than usual because of the closure of the federal government on Dec. 5 to observe the funeral of former US President George H.W. Bush.