Oil & Gas Journal Archive
- Hoeven reintroduces cross-border energy transportation bill
- EPA registers isobutanol for blending into gasoline up to 16%
- MARKET WATCH: NYMEX oil prices increase on US crude inventory decline
- Evergreen to buy Raton basin assets from PNR for $79 million
- ExxonMobil, PAA to build 1 million-b/d Permian-to-Gulf Coast crude pipeline
- FERC commissioners, US senators question coal-fired power bailouts
- EIA: US crude stockpiles decrease 4.1 million bbl
- CAPP links oil production, pipeline growth
- IHS Markit forecasts Permian basin oil production will double from 2018-23
- MARKET WATCH: Light, sweet crude price splits direction from Brent
- Indian Essar Oil renamed Nayara Energy
- ExxonMobil advances Liza Phase 1 development
- Junex, Cuda merging, acquiring PRB assets
- MARKET WATCH: NYMEX crude reaches above $66/bbl; Brent holds at $76/bbl
- Samson Resources expands Green River basin acreage
Despite slumping investment in the oil sands region, Canada will be able to produce 1.41 million b/d more crude oil in 2035 than it did last year if pipeline capacity expands, says the Canadian Association of Petroleum Producers. Most of the production increase will come from oil sands projects.
US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased 4.1 million bbl for the week ended June 8, according to US Energy Information Administration data. The latest estimate is 432.4 million bbl, putting oil in storage in the lower half of the average range for this time of year, the Weekly Petroleum Status Report indicated.
Members of the US Federal Energy Regulatory Commission and of the US Senate Energy and Natural Resources Committee criticized ongoing Trump administration efforts to bail out coal-fired power plants that are increasingly unable to compete economically with facilities that use natural gas.
ExxonMobil Corp. and Plains All American Pipeline LP (PAA) have signed a letter of intent to build a common-carrier pipeline to transport more than 1 million b/d of crude oil and condensate from multiple locations in the Permian basin to the Texas Gulf Coast.
Privately held Evergreen Natural Resources has signed an agreement to acquire all of the assets held by Pioneer Natural Resources in the Raton basin in southeastern Colorado, including producing gas wells and associated infrastructure, for $79 million.