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An affiliate of BKV Oil & Gas Capital Partners LP, Denver, has entered an agreement to expand its leasehold in the Marcellus shale in Pennsylvania.

Eni Norge can restore Goliat field in the Barents Sea to full production, the Norwegian Petroleum Safety Authority (PSA) said.

A pair of bills have been introduced designed to facilitate US exports of LNG. H.R. 4605 would let exporters begin shipments after completing the US Federal Energy Regulatory Commission’s review process instead of requiring them to wait for US Department of Energy approval. H.R. 4606 would codify DOE’s efforts to begin exports of small volumes of LNG to Caribbean and Central and South American countries.

Oil prices declined Dec. 12 on markets in New York and London after a rally on news of the shutdown of a key European pipeline system that transports primarily oil but also some natural gas.

The Organization of Petroleum Exporting Countries raised its production forecast for non-OPEC oil output, particularly from US unconventional plays for 2017-18. The cartel also said its November oil production, as estimated by secondary sources, averaged 32.45 million b/d, a drop of about 133,000 b/d from October. 


State's greatest period of infrastructure development at hand - West Virginia Oil and Natural Gas Association https://t.co/3Ovvb5xYCi