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Oil & Gas UK describes the UK’s offshore industry as at a crossroads in its Economic Report 2018. The report contrasts reduced costs, competitive fiscal terms, improved operational performance, and greater stability in oil and gas prices, with the impacts of record low drilling activity and a potentially damaging supply-chain squeeze.

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 markedly decrease unnecessary burdens for producers.

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.

European imports of LNG from US suppliers face weighty constraints, witnesses told the US Senate’s Energy and Natural Resources Committee. “Most [European Union] members in central and southeastern Europe do not have LNG regasification terminals and can rarely access LNG supplies through the EU’s collective natural gas distribution network,” US Assistant Sec. for Fossil Energy Steven E. Winberg testified at a Sept. 14 hearing.

An international tribunal administered by the Permanent Court of Arbitration in The Hague found that a $9.5-billion judgment that Ecuador’s government lodged against Chevron Corp. in 2011 violated international treaties, investment agreements, and international law.


RT @exxonmobil: Today we announced our plans to join the Oil and Gas Climate Initiative, a voluntary initiative representing 13 of the worl…

Attention college students and faculty! Exhibit your projects and research while networking with leaders on shale d… https://t.co/n9YBw4p7Bs

RT @CEAorg: Our latest report outlines how #naturalgas helped grow jobs for West Virginians and save them more than $4 billion over the las…