The expected financial returns are higher for a project in the Shale Crescent region (WV, PA, OH) compared with a G… https://t.co/ixxnfEvBrB
Oil & Gas Journal Archive
- Senators want US to use all options to oppose Nord Stream 2 pipeline
- API: US petroleum demand in February hit 20.3 million b/d
- IEA raises global oil demand estimate for 2018
- Porges named interim EQT president, CEO
- MARKET WATCH: NYMEX holds under $61/bbl on forecasts of higher shale production
- Pioneer to restart Texas field shut by fire
- Court rejects NYSDEC’s appeal of FERC’s Valley Lateral ruling
- Pruitt issues guidance clarifying NSR evaluations
- US sanctions on Venezuela could backfire, speakers warn at forum
- OPEC forecasts rising non-OPEC oil supply, especially US oil production
- EIA: US crude oil inventories up 5 million bbl
- MARKET WATCH: NYMEX crude oil settles under $61/bbl on US Cabinet shifts
- Trump fires Tillerson as secretary of State, names Pompeo as successor
- Woodside enters into deal to operate Scarborough gas field
- Eni strikes deals for concessions off Abu Dhabi
The Organization of Petroleum Exporting Countries raised its expectation for oil supply growth from US shale and other non-OPEC producers, the cartel’s Monthly Oil Market Report said. In 2018, world oil demand is anticipated to rise by 1.6 million b/d to average 98.63 million b/d, marginally higher than the assessment that OPEC made a month ago.
Conditions in Venezuela have deteriorated under the Maduro regime to a point where other countries are beginning to consider ways to intervene and rescue the country’s citizens who haven’t fled already, speakers suggested during a Mar. 13 discussion at the Atlantic Council.
US Environmental Protection Agency Administrator Scott Pruitt issued a guidance memorandum clarifying the process for evaluating projects under the major New Source Review (NSR) program. EPA said the Mar. 13 memo streamlines permitting without sacrificing environmental protections, and reduces burdens to develop and expand facilities while encouraging companies to reduce pollution.
A US federal appeals court denied the New York Department of Environmental Conservation’s appeal of the Federal Energy Regulatory Commission’s decision that NYSDEC waived authority to issue or deny a water-quality certification for the Millennium natural gas pipeline’s 7.8-mile Valley Lateral when the state agency did not act within the federal Clean Water Act’s Section 401 1-year timeframe.
Pioneer Natural Resources Co. expects production to restart at diminished rates by early April from its portion of West Panhandle gas field in Texas, which it shut in Mar. 6 after a fire heavily damaged a compressor station. The fire was contained within the station and caused no injuries.