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US Sen. Ted Cruz (R-Tex.) called for a cap on the price of renewable identification numbers (RIN) to halt speculation and preserve jobs at refineries.

The Colorado Oil & Gas Conservation Commission unanimously adopted new regulations covering flowlines and related oil and gas systems. The Feb. 13 action came following months of investigations and hearings after an Apr. 17, 2017, explosion and fire in an abandoned flowline killed two people and injured another in the town of Firestone.

Crude oil products will continue to dominate global energy demand for transportation through 2040 despite surprisingly strong growth in electric vehicle sales, BP PLC said in its 2018 Energy Outlook.

Woodside Petroleum has announced a $2.5-billion (Aus.) equity raising to pay for a number of LNG expansions onshore and offshore Western Australia, including the acquisition of ExxonMobil's 50% interest in offshore retention lease WA-1-R containing the bulk of the yet-to-be-developed Scarborough natural gas field on the Exmouth Plateau.

Oil production growth from US, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency's latest annual report on oil markets.


Let’s unleash the power of WV’s oil and gas industry to grow jobs and investment by passing the Majority Protection… https://t.co/0DkBI1GevH