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Oil & Gas Journal Archive
- Bill authorizing leasing of unused SPR capacity heads to full House
- IEA: Oil market tightens on falling Venezuelan, Iranian exports
- Vintage Energy to list on Australian exchange
- MARKET WATCH: NYMEX crude pushes past $70/bbl mark
- AGDC, ExxonMobil Alaska sign binding gas sales precedent agreement
- EIA raises crude-oil price forecasts for 2019
- EIA: US crude inventories decrease 5.3 million bbl
- OMV, Sapura Energy eye strategic link-up
- MARKET WATCH: NYMEX crude surpasses $69/bbl on tropical weather threats
- BSEE releases investigation results from late 2016 platform fire
- US chemical investments linked to affordable gas surpass $200 billion
- EPA proposes changes in 2016 production emissions control rules
- Yee named MEG Energy chief operating officer
- WoodMac: Permian producers hedge bets against pipeline delays
- MARKET WATCH: Crude oil prices rise on shooting at Libya oil office
The light, sweet crude oil contract for October fell by nearly $1 to settle under $68/bbl on the New York market Sept. 6 after a weekly government inventory report showed a gain in US product supplies, which outweighed the market’s response to a drop in US oil supplies.
The US House of Representatives passed a bill on Sept. 6 authorizing small-scale exports of LNG by 260 to 146 votes. Thirty-seven Democrats joined 223 Republicans in casting aye ballots. Three Republicans and 143 Democrats opposed the measure, which moved immediately to the US Senate for consideration by the Energy and Natural Resources Committee.
Malaysian firm Sapura Upstream Sdn. Bhd. has made its maiden entry into exploration work in Australia through a farmin to three permits offshore Western Australia held by Perth-based private firm Finder Exploration Pty. Ltd. All three permits are in the North West Shelf oil and gas province.
Surge Energy Inc., Calgary, will acquire 5,500 boe/d of production, mostly light oil, in western Alberta now operated by Mount Bastion Oil & Gas Corp. Surge has agreed to acquire all shares of Mountain Bastion for cash and stock worth a total of $320 million (Can.), up to $145 million of which will be cash.