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Oil and gas companies are set to enter 2018 in their best shape since oil prices collapsed. In its 2018 Upstream Outlook, global natural resources consultancy Wood Mackenzie believes many will now focus on demonstrating they can thrive in a low-price environment.

Global recovery of upstream spending remains intact, albeit at a measured pace that isn’t likely to materially tighten many global oil field service and equipment markets, according to the 33rd annual Barclays E&P Spending Survey.

The US Environmental Protection Agency met its statutory deadline as it announced final biofuel quotas for fiscal 2018 and biomass-based diesel quotas for 2019 that were only slightly different from those proposed earlier this year.

 

The Australian Petroleum Production & Exploration Association has elected Zoe Yujnovich as its board chair following the organisation’s 2017 annual general meeting in Perth.

US security goals based on crude oil import disruptions in the 1970s and ‘80s need to be reconfigured to reflect the country’s improved oil and gas outlook resulting from the burst of unconventional exploration and development since 2005, speakers said during a Nov. 30 discussion at Resources for the Future.

 

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