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Due to a surge in oil hedges, the recent oil-price weakness will not prompt US producers to pull back on drilling, research and consulting firm Wood Mackenzie Ltd. says in its latest analysis of oil and gas hedging activity.

Posted: March 27, 2017, 4:46 pm
If the science of climate change really is "established", as popular media insist, what's wrong with cutting federal spending on climate research, as President Donald Trump's budget proposes to do?
Posted: March 27, 2017, 3:33 pm

The light, sweet crude oil contract for May delivery rose modestly on Mar. 24 to settle just under $48/bbl on the New York market while the Brent crude contract for the same month settled under $51/bbl in London for a fourth straight trading session.

Posted: March 27, 2017, 2:41 pm
Hindustan Petroleum Corp. Ltd. (HPCL) has let a contract to Honeywell International Inc. subsidiary Honeywell UOP LLC, Des Plaines, Ill., to deliver technology licensing and design for process units to be added as part of HPCL's previously announced project to expand and modernize the 8.3 million-tonne/year Vishakhapatnam (Visakh) refinery in Andhra Pradesh, on the country's southeastern coast (OGJ Online, Jan. 19, 2016).
Posted: March 27, 2017, 1:57 pm
Marathon Oil Corp., Houston, has agreed to acquire 21,000 net surface acres primarily in the Permian's northern Delaware basin of New Mexico from Black Mountain Oil & Gas LLC, Fort Worth, and other private sellers for $700 million in cash, excluding closing adjustments.
Posted: March 27, 2017, 1:35 pm
US onshore oil and gas leasing activity fell markedly on federally administered lands during US President Barack Obama's presidency in several key respects, US Bureau of Land Management statistics indicate.
Posted: March 27, 2017, 1:07 pm
The US Bureau of Ocean Energy Management received an exploration plan from Eni US Operating Co. on Mar. 3 relating to the Eni SPA subsidiary's efforts to develop the Nikaitchuq North field in the Beaufort Sea north of Oliktok Point.
Posted: March 27, 2017, 12:32 pm
The US Bureau of Safety and Environmental Enforcement's leadership has started several key strategic initiatives to improve its offshore safety and environmental oversight, but its limited efforts to obtain and incorporate ideas from within the agency have hindered its progress, a US Government Accountability Office investigation found.
Posted: March 27, 2017, 12:29 pm
US Environmental Protection Agency Administrator Scott Pruitt signed an administrative stay to delay the agency's chemical plant risk management rule's effective date until June 17.
Posted: March 27, 2017, 12:25 pm
The Trump administration's Fiscal 2018 Budget Blueprint would increase or preserve discretionary expenditures for programs connected with fossil energy amid an overall 11.7% year-to-year reduction at the US Department of the Interior. It also would eliminate spending for advanced energy research at the US Department of Energy amid a 5.6% cut overall, and slash Environmental Protection Agency spending by 31.4%.
Posted: March 27, 2017, 6:12 am
While Republicans have control of Congress and a mandate to change things, they should heed the new administrator of the Environmental Protection Agency and remove carbon dioxide from the political witch list. Doing so would help rescue climate change-and the economy-from extremism.
Posted: March 27, 2017, 6:02 am

The UK Oil and Gas Authority’s 29th Offshore Licensing Round was the first in 20 years to focus solely on frontier, underexplored areas and included areas of the Rockall basin, Mid-North Sea High, and part of the East Shetland platform. The round, which closed in October 2016, produced 25 licenses for 111 blocks and partial blocks. OGA awarded bids to 17 companies.

Posted: March 24, 2017, 9:49 pm

Shareholders of US independent refiners Western Refining Inc. and Tesoro Corp. have approved Tesoro’s previously announced plan to acquire Western in a deal valued at more than $6 billion.

Posted: March 24, 2017, 7:58 pm

US Sen. Bill Nelson (D-Fla.) and 16 members of the US House of Representatives from the Sunshine State urged US Sec. of the Interior Ryan Zinke to keep the eastern Gulf of Mexico closed to oil and gas activity if he decides to develop a new 2017-22 US Outer Continental Shelf management plan.

Posted: March 24, 2017, 6:08 pm

Moody’s Investors Service has changed the outlook to stable from negative on the North American and EMEA (Europe, the Middle East, and Africa) regions refining and marketing (R&M) businesses. This outlook reflects Moody’s expectation for the fundamental business conditions over the next 12-18 months.

Posted: March 24, 2017, 5:56 pm

Assala Energy Holdings Ltd., a portfolio company of global alternative asset manager Carlyle Group, has agreed to acquire all of Royal Dutch Shell PLC’s onshore oil and gas operations and related infrastructure in Gabon for $587 million.

Posted: March 24, 2017, 4:27 pm

The New Zealand government is hoping for a more positive industry response to its latest exploration permit round than it received in 2016.

Posted: March 24, 2017, 4:24 pm

The US Department of State issued a presidential permit for the proposed Keystone XL crude oil pipeline more than 8 years after sponsor TransCanada Corp. originally sought cross-border approval of the project. Under-Secretary for Political Affairs Thomas A. Shannon Jr. signed the permit after President Donald J. Trump reversed his predecessor Barack Obama’s decision and said the project would be in the US national interest.

Posted: March 24, 2017, 3:53 pm

India’s Cabinet Committee on Economic Affairs (CCEA) has approved a policy for the extension of production-sharing contracts for blocks awarded prior to the New Exploration Licensing Policy (NELP), which has been in use since 1999.

Posted: March 24, 2017, 3:50 pm

The US Energy Information Administration estimates working gas in underground storage across the Lower 48 was 2.092 tcf as of Mar. 17, marking a net decrease of 150 bcf from the previous week.

Posted: March 24, 2017, 2:51 pm

Light, sweet crude oil prices dropped back below $48/bbl on the New York market Mar. 23 while Brent crude settled below $51/bbl in London for a third consecutive day.

Posted: March 24, 2017, 2:39 pm

Current-year deductibility of exploratory drilling costs succumbs to what the Canadian government describes as a campaign against “inefficient fossil-fuel subsidies” in a federal budget proposed Mar. 22.

Posted: March 24, 2017, 2:34 pm

Total US petroleum deliveries, a measure of demand, moved up 0.1% in February compared with a year ago to average 19.7 million b/d, marking the highest February deliveries since 2008, according to the latest report from the American Petroleum Institute.

Posted: March 23, 2017, 8:14 pm

Germany’s Wintershall Holding GMBH increased oil and natural gas production 8% to 165 million boe in 2016, with higher production volumes coming primarily from Norway and Russia.

Posted: March 23, 2017, 3:10 pm

Light, sweet crude oil prices for May delivery fell on Mar. 22 to settle just above $48/bbl on the New York market while Brent crude for May delivery also dropped to settle below $51/bbl in London.

Posted: March 23, 2017, 2:32 pm

Bidding activity and total value climbed in central Gulf of Mexico Lease Sale 247 following years of declining offshore interest that dates back before the downturn in oil and gas prices.

Posted: March 22, 2017, 5:51 pm

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 5 million bbl during the week ended Mar. 17 compared with the previous week’s total, according to data from the US Energy Information Administration.

Posted: March 22, 2017, 4:09 pm

Light, sweet crude oil prices for April delivery dropped nearly 90¢ on Mar. 21 to settle below $48/bbl on the New York market while Brent crude for May delivery settled below $51/bbl in London.

Posted: March 22, 2017, 3:15 pm

White Star Petroleum LLC, Oklahoma City, has acquired 30,500 net acres in the Midcontinent region in two separate deals with Double Eagle Energy Oklahoma LLC, a unit of Fort Worth-based Double Eagle Development LLC, and the equity holders of Oklahoma City-based Lighthouse Oil & Gas LP.

Posted: March 21, 2017, 4:42 pm

Marathon Oil Corp., Houston, has agreed to acquire 21,000 net surface acres primarily in the Permian’s northern Delaware basin of New Mexico from Black Mountain Oil & Gas LLC, Fort Worth, and other private sellers for $700 million in cash, excluding closing adjustments.

Posted: March 21, 2017, 4:07 pm

Saudi Arabia leads countries of the Middle East and North Africa (MENA) in future energy investment, according to a study by Arab Petroleum Investments Corp., Dammam, (APICORP).

Posted: March 21, 2017, 3:30 pm

Light, sweet crude oil prices for April delivery dropped modestly on Mar. 20, holding above $48/bbl on the New York market in what one analyst calls a possible trend toward a new, lower range of oil prices than the $50-54/bbl range that had existed earlier this year.

Posted: March 21, 2017, 2:50 pm

Painted Pony Petroleum Ltd., Calgary, will increase 2017 drilling in the Montney play of British Columbia to 71 wells and 64 completions from its previously planned 58 wells and 51 completions after acquiring UGR Blair Creek Ltd. in a $229.6-million (Can.) deal.

Posted: March 20, 2017, 7:28 pm

Texas Atty. Gen. Ken Paxton (R) asked a federal appeals court to review the US Pipeline and Hazardous Materials Safety Administration’s final underground gas storage rule, saying that it improperly overrides the authority of the Texas Railroad Commission and similar agencies in other states to regulate such facilities. He filed a petition for review on Mar. 17 with the US Fifth Circuit Court of Appeals in New Orleans.

Posted: March 20, 2017, 4:47 pm

Bakheet Al Katheeri has been appointed chief executive officer of Mubadala Petroleum Co., Abu Dhabi, a wholly owned subsidiary of state-owned Mubadala Development Co. He previously was chief growth officer and chief operating officer.

Posted: March 20, 2017, 3:51 pm

Light, sweet crude oil prices for April delivery gained slightly on the New York market Mar. 17 to remain under $49/bbl while oil prices dropped in early Mar. 20 trading following a higher weekly rig count total.

Posted: March 20, 2017, 2:44 pm
Oil stocks from countries in the Organization for Economic Cooperation and Development rose for the first time in 6 months by a sizable 48 million bbl to reach 3.03 billion bbl at the end of January due to near-record US crude stocks and gains in Europe.
Posted: March 20, 2017, 6:11 am
Eni SPA expects to report discoveries totaling 2-3 billion boe over the next 4 years, almost twice the amount in its previous 4-year plan, by drilling around 120 wells in more than 20 countries.
Posted: March 20, 2017, 6:03 am
Wood Group PLC has agreed to acquire the entire issued and to be issued share capital of fellow oil field services firm Amec Foster Wheeler PLC in a deal valued at $2.7 billion.
Posted: March 20, 2017, 5:52 am
Royal Dutch Shell PLC has agreed to sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) to 10% from 60% in exchange for $7.25 billion.
Posted: March 20, 2017, 5:46 am
The new US Energy Secretary intends to keep federal research in his department strong and vibrant, he told employees on his first day on the job.
Posted: March 20, 2017, 5:37 am
Sen. Jeff Flake (R-Ariz.) has reintroduced legislation aimed at giving states and communities more time to implement 2015 ground-level ozone limits under National Ambient Air Quality Standards.
Posted: March 20, 2017, 5:30 am

The Trump administration will have only limited success in pursuing its ambitious US energy infrastructure improvements unless federal regulatory agencies do a better job coordinating their reviews of proposed transportation projects, witnesses told the US Senate Energy and Natural Resources Committee on Mar. 14.

Posted: March 20, 2017, 5:08 am
Two months into their historic experiment, agreements to cut oil production in support of crude prices provide more questions than answers.
Posted: March 20, 2017, 5:04 am

BP PLC has completed the partial sale of its subsidiaries’ collective 21.19% ownership interest in New Zealand Refining Co. Ltd.’s (Refining NZ) 107,000-b/d refinery at Northland, in Marsden Point, New Zealand, near Whangarei.

Posted: March 17, 2017, 6:49 pm

Global energy-related carbon dioxide emissions were flat for a third straight year in 2016 even as the world economy grew, according to the latest estimates from the International Energy Agency.

Posted: March 17, 2017, 5:44 pm

Light, sweet crude oil for April delivery edged down on the New York market Mar. 16 to settle below $49/bbl while Brent crude oil for May delivery also dropped slightly to settle below $52/bbl on the London market.

Posted: March 17, 2017, 3:35 pm

US onshore oil and gas leasing activity fell markedly on federally administered lands during US President Barack Obama’s presidency in several key respects, US Bureau of Land Management statistics indicate.

Posted: March 17, 2017, 2:43 pm

Total E&P Indonesie will maintain oil and gas work on the Mahakam Block offshore Indonesia until a unit of state-run Pertamina becomes operator on Jan. 1, 2018.

Posted: March 16, 2017, 6:01 pm

The Trump administration’s Fiscal 2018 Budget Blueprint would increase or preserve discretionary expenditures for programs connected with fossil energy amid an overall 11.7% year-to-year reduction at the US Department of the Interior. It also would eliminate spending for advanced energy research at the US Department of Energy amid a 5.6% cut overall, and slash Environmental Protection Agency spending by 31.4%.

Posted: March 16, 2017, 5:43 pm

Crude oil price rose Mar. 15 on markets in New York and London on reports of the first drop in US oil supplies in 10 weeks and on reports that Saudi Arabia’s February production was higher than its January production.

Posted: March 16, 2017, 3:21 pm

The US Bureau of Land Management has completed an environmental assessment of Slawson Exploration Co.’s proposed oil and gas exploration project near Lake Sakakawea on the Fort Berthold Indian Reservation in North Dakota.

Posted: March 15, 2017, 9:24 pm

Oil stocks from countries in the Organization for Economic Cooperation and Development rose for the first time in 6 months by a sizable 48 million bbl to reach 3,030 million bbl at the end of January due to near-record US crude stocks and gains in Europe.

Posted: March 15, 2017, 4:34 pm

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, declined 200,000 bbl during the week ended Mar. 10 compared with the previous week’s total, according to according to the US Energy Information Administration’s Petroleum Status Report.

Posted: March 15, 2017, 3:42 pm

Light, sweet crude oil for April declined moderately on the New York market to close under $48/bbl Mar. 14 while Brent crude oil for May also fell on the London market to below $51/bbl. Oil prices were rising Mar. 15 pending release of the weekly US oil and product inventory report.

Posted: March 15, 2017, 2:46 pm

US Environmental Protection Agency Administrator Scott Pruitt signed an administrative stay to delay the agency’s chemical plant risk management rule’s effective date until June 17.

Posted: March 14, 2017, 9:26 pm

The Trump administration will have only limited success in pursuing its ambitious US energy infrastructure improvements unless federal regulatory agencies do a better job coordinating their reviews of proposed transportation projects, witnesses told the US Senate Energy and Natural Resources Committee on Mar. 14.

Posted: March 14, 2017, 8:18 pm

Steven Schlotterbeck has become chief executive officer of EQT Corp., Pittsburgh, succeeding David Porges. Schlotterbeck also became CEO of EQT Midstream Partners LP and EQT GP Holdings LP.

Posted: March 14, 2017, 8:10 pm

The Research Partnership to Secure Energy for America (RPSEA) and SEG Advanced Modeling Corp. (SEAM), a subsidiary of the Society of Exploration Geophysicists, have signed a memorandum of understanding to combine resources and jointly pursue research projects that will benefit their constituents, including the energy industry as well as the public, the groups said.

Posted: March 14, 2017, 5:14 pm

The American Council for Capital Formation (ACCF) launched a social media, digital, and print advertising campaign urging the US Senate to pass a Congressional Review Act disapproval resolution revoking the US Bureau of Land Management’s venting and flaring rule. The US House approved the resolution by 221 to 191 votes last month.

Posted: March 14, 2017, 4:23 pm

Global exploration and production spending will rise 9% in 2017 compared with spending in 2016, according to the latest update of Barclays’ E&P spending survey. This compares with 7% indicated in the January survey.

Posted: March 14, 2017, 3:55 pm

Light, sweet crude oil for April declined moderately on the New York market to close at $48.90/bbl Mar. 13 while the Brent crude oil for May edged down, settling at $51.35/bbl. Analysts expect oil prices will remain volatile in coming days.

Posted: March 14, 2017, 2:31 pm

Russian natural gas giant Gazprom has made significant commitments to supply gas to customers in eastern and central Europe at competitive prices, the European Commission reported in Brussels.

Posted: March 13, 2017, 7:34 pm

The US Chemical Safety Board issued a 12-min safety video about its investigation into a 2013 fire and explosion at the Williams olefins plant in Geismar, La., that killed 2 workers and injured 167 others. The accident occurred when a heat exchanger containing flammable liquid propane violently ruptured, CSB said.

Posted: March 13, 2017, 5:49 pm

Nova Gas Transmission Ltd. (NGTL) has received approval from the Canadian government for the Towerbirch Expansion Project in northwest Alberta and northeast British Columbia.

Posted: March 13, 2017, 5:23 pm

Wood Group PLC has agreed to acquire the entire issued and to be issued share capital of fellow oil field services firm Amec Foster Wheeler PLC in a deal valued at $2.7 billion.

Posted: March 13, 2017, 5:06 pm

Seven companies have been awarded contracts for 10 million bbl of crude oil from the US Strategic Petroleum Reserve, the US Department of Energy announced on Mar. 10.

Posted: March 13, 2017, 4:29 pm

The crude oil benchmarks in New York and London dropped to 3-month lows on Mar. 13 amid continued fears about oversupply from the US, heightened by the country’s expanding oil-directed rig count.

Posted: March 13, 2017, 3:29 pm

War in Yemen menaces the oil market far out of proportion to the country's oil production of only 20,000 b/d.

Posted: March 13, 2017, 8:24 am
The US Environmental Protection Agency withdrew a request that oil and gas industry owners and operators provide information about equipment and emissions at existing operations. EPA Administrator Scott Pruitt said he ordered the Mar. 2 move after deciding that he wanted to reassess the need for the information collection request (ICR).
Posted: March 13, 2017, 8:20 am
Oil and gas development projects on the UK Continental Shelf (UKCS) need clearer definition, simplicity to the extent possible, and improvements in accountability of delivery and cooperation between companies and stakeholders, concludes a study by the Oil and Gas Authority (OGA).
Posted: March 13, 2017, 8:13 am
The US Senate passed a Congressional Review Act (CRA) resolution along party lines to revoke the US Bureau of Land Management's Planning 2.0 rule by 51 to 48 votes. The Mar. 7 action sent H.J. Res 44 to the White House for President Donald J. Trump's signature a month after it passed the House by 234 to 186 votes (OGJ Online, Feb. 8, 2017).
Posted: March 13, 2017, 8:11 am
The US Senate approved President Donald J. Trump's nomination of former Texas Gov. Rick Perry to be Secretary of Energy by 62 to 37 votes on Mar. 2. Democrats Catherine Cortez Masto (Nev.), Joe Donnelly (Ind.), Heidi Heitkamp (ND), Claire McCaskill (Mo.), Joe Manchin (W.Va.), Debbie Stabanow (Mich.), Tom Udall (NM), and Mark Warner (Va.), along with Independent Angus S. King (I-Me.), voted aye with Senate Republicans.
Posted: March 13, 2017, 7:50 am
The US Senate approved President Donald J. Trump's nomination of Rep. Ryan Zinke (R-Mont.) to be Secretary of the Interior by 68 to 31 votes on Mar. 1 as several Democrats joined Republicans in affirming the selection.
Posted: March 13, 2017, 7:45 am
Wyoming Gov. Matthew H. Mead (R) launched an endangered species initiative when he became chairman of the Western Governors Association 18 months ago. Once WGA adopted it at its annual meeting this past June, Mead decided to bring it to the National Governors Association's recent 2017 Winter Meeting in Washington, DC.
Posted: March 13, 2017, 7:35 am
Oil and gas industry leaders echoed a cautiously optimistic viewpoint when voicing their near-to-medium-term market outlooks presented Mar. 6 at CERAWeek by IHS Markit in Houston.
Posted: March 13, 2017, 7:02 am

Maintaining a stable world oil market is a global responsibility and not one that should fall squarely on the shoulders of the Organization of Petroleum Exporting Countries, two of the cartel's primary decision makers emphasized during separate discussions at CERAWeek by IHS Markit on Mar. 7.

Posted: March 13, 2017, 6:58 am
In an era of refining and petrochemical companies' voracious race to find the latest and greatest technology solutions to help them achieve what quickly is beginning to look like complete virtual operation of their manufacturing sites, it's encouraging to know a certain group of ladies and gentlemen out there-the true brains behind the processing business, really-haven't forgotten what actually keeps a plant running.
Posted: March 13, 2017, 6:40 am

International news for oil and gas professionals

Posted: March 13, 2017, 5:00 am

A series of failures to apply basic safety management practices may have contributed to an assistant driller’s death in a Mar. 16, 2016, accident on Gulf of Mexico Green Canyon Block 18, the US Bureau of Safety and Environmental Enforcement said as it released a report of its investigation.

Posted: March 10, 2017, 6:53 pm

Light, sweet crude oil prices settled below $50/bbl on Mar. 9 for the first time since December when members of the Organization of Petroleum Exporting Countries and other major producers struck a deal to curb oil output.

Posted: March 10, 2017, 4:18 pm

The US Bureau of Ocean Energy Management released the final multi-sale environmental impact statement for Gulf of Mexico oil and gas lease sales it has scheduled for 2017-22. The 10 scheduled sales will be in BOEM’s western and central planning areas and in part of its eastern planning area.

Posted: March 10, 2017, 4:08 pm

Lessons passed down from Permian pioneer Joe M. Parsley to his son-in-law Scott Sheffield and then to Scott's son Bryan Sheffield hold true for any US onshore operator outside of their lineage.

Posted: March 9, 2017, 10:27 pm

ExxonMobil Corp. will invest $20 billion over a 10-year period to expanding its chemical manufacturing capacity along the US Gulf Coast to support increased exports to overseas markets.

Posted: March 9, 2017, 10:17 pm

Marathon Oil Corp. has agreed to acquire 70,000 net surface acres in the Permian basin from BC Operating Inc., Midland, Tex., and other entities for $1.1 billion in cash.

Posted: March 9, 2017, 6:19 pm

ExxonMobil Corp. and Eni SPA have signed a sale and purchase agreement to enable ExxonMobil to acquire from Eni a 25% indirect interest in the natural gas-rich Area 4 block offshore Mozambique.

Posted: March 9, 2017, 6:13 pm

Macquarie Group, Sydney, is ready to increase its bid for 100% of Brisbane-based independent Central Petroleum Ltd.

Posted: March 9, 2017, 5:56 pm

Noting that she appreciates the Trump administration’s more favorable attitude toward US oil and gas producers than its immediate predecessor’s, an Independent Petroleum Association of America official called on the White House to promptly fill leadership vacancies at two key federal energy transportation regulatory agencies.

Posted: March 9, 2017, 5:46 pm

Royal Dutch Shell PLC has agreed to sell all of its in-situ and undeveloped oil sands interests in Canada and reduce its share in the Athabasca Oil Sands Project (AOSP) to 10% from 60% in exchange for $7.25 billion.

Posted: March 9, 2017, 5:24 pm

Light, sweet crude oil prices plummeted on both the New York and London markets on Mar. 8 following a record increase in US crude oil inventories, excluding the Strategic Petroleum Reserve.

Posted: March 9, 2017, 3:55 pm

US Senate Democrats called on President Donald J. Trump to fill vacancies promptly at the Federal Energy Regulatory Commission with Democrats as well as Republicans. FERC has not had a quorum since Feb. 3, when the resignation of its former chairman, Norman Bay, became effective after Trump replaced him in that post.

Posted: March 8, 2017, 7:43 pm

The UK government will study changes sought by the offshore oil and gas industry to tax rules affecting sales of offshore equipment in late years of operation.

Posted: March 8, 2017, 7:40 pm

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 8.2 million bbl during the week ended Mar. 3 compared with the previous week’s total, according to the US Energy Information Administration’s Petroleum Status Report.

Posted: March 8, 2017, 5:57 pm

The government of India will use revenue-sharing in an open-acreage, exploration and production licensing scheme for which details are beginning to emerge.

Posted: March 8, 2017, 5:10 pm

The US Senate passed a Congressional Review Act (CRA) resolution along party lines to revoke the US Bureau of Land Management’s Planning 2.0 rule by 51 to 48 votes. The Mar. 7 action sent H.J. Res 44 to the White House for President Donald J. Trump’s signature a month after it passed the House by 234 to 186 votes.

Posted: March 8, 2017, 4:38 pm

Maintaining a stable world oil market is a global responsibility and not one that should fall squarely on the shoulders of the Organization of Petroleum Exporting Countries, two of the cartel’s primary decision makers emphasized during separate discussions at CERAWeek by IHS Markit on Mar. 7.

Posted: March 8, 2017, 4:27 pm

Rene L. Casadaban has joined American Midstream Partners LP as senior vice-president and chief operating officer.

Posted: March 8, 2017, 4:15 pm

Light, sweet crude oil prices for April delivery dropped slightly for a second consecutive day on Mar. 7 pending release of the weekly US government oil and product inventory from the US Energy Information Administration.

Posted: March 8, 2017, 4:11 pm

In its most recent Short-Term Energy Outlook, the US Energy Information Administration forecasts US crude oil production to average 9.2 million b/d this year and average 9.7 million b/d in 2018. Both totals are 200,000 b/d higher than in EIA’s previous STEO forecasts.

Posted: March 7, 2017, 6:35 pm
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