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 Post subject: Environmental groups sue to force BLM to implement methane r
PostPosted: Sun Dec 24, 2017 12:37 am 
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Environmental groups sue to force BLM to implement methane rule

Seventeen environmental organizations have sued in US District Court for Northern California to compel the US Bureau of Land Management to implement its oil and gas 2016 methane venting and flaring rule. Their Dec. 19 action challenges BLMs decision earlier in December to delay most of the regulations compliance deadlines until Jan. 29, 2019, while the agency reviews it further.



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 Post subject: EIA STEO: US crude oil production to average 10.6 million b/
PostPosted: Wed Feb 14, 2018 5:38 pm 
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EIA STEO: US crude oil production to average 10.6 million b/d in 2018

In its latest Short-Term Energy Outlook, the US Energy Information Administration forecasts US crude oil production to average 10.6 million b/d in 2018 and 11.2 million b/d in 2019, both of which are 300,000 b/d higher than forecast in the January STEO.

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 Post subject: Senate Democrats introduce bill to preserve 2017-22 OCS prog
PostPosted: Fri Feb 16, 2018 5:21 pm 
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Senate Democrats introduce bill to preserve 2017-22 OCS program

US Senate Democrats introduced a bill on Apr. 27 to preserve the 2017-22 Outer Continental Shelf oil and gas program a day before President Donald J. Trump was expected to issue an executive order for it to be reviewed, and a day after congressional Republicans introduced bills that would direct Sec. of the Interior Ryan Zinke to review moratoria and future leasing schedules.



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 Post subject: After latest delay, Dakota Access sponsor sues to complete p
PostPosted: Fri Feb 23, 2018 7:54 pm 
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After latest delay, Dakota Access sponsor sues to complete pipeline

Energy Transfer Partners sued in federal district court on Nov. 15 for permission to complete the Dakota Access crude oil pipeline after the US Army Corps of Engineers (ACE) said the previous day that it would continue to delay issuing easement permits under Lake Oahe in North Dakota for further consultations with the Standing Rock Sioux Indian tribe.



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 Post subject: BP Energy Outlook: Crude products continue transportation-fu
PostPosted: Tue Feb 27, 2018 8:20 pm 
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BP Energy Outlook: Crude products continue transportation-fuel dominance

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. Oil and gas will still play a major role under each of the forecasts scenarios, BP Chief Economist Spencer Dale said on Feb. 26 during the reports US launch at the Center for Strategic & International Studies in Washington, DC.


 



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 Post subject: MARKET WATCH: Brent crude drops more than $1/bbl ahead of OP
PostPosted: Sat Jun 23, 2018 11:12 am 
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MARKET WATCH: Brent crude drops more than $1/bbl ahead of OPEC meeting

Brent crude oil prices dropped more than $1/bbl on the London market June 21 on the eve of a meeting in Vienna by the Organization of Petroleum Exporting Countries, which agreed on no more than 100% compliance with its existing production-cut targets of 1.2 million b/d.



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 Post subject: Northern Oil and Gas CEO, president swap titles
PostPosted: Sat Jul 07, 2018 4:54 pm 
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Mike Reger, founder and CEO of Northern Oil and Gas Inc., Minneapolis, and Brandon Elliott, president, have agreed to realign responsibilities and swap titles.



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 Post subject: Diversified buying Appalachian properties
PostPosted: Sat Jul 07, 2018 5:16 pm 
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Diversified Gas & Oil PLC, Birmingham, Ala., expects to close late this month on a $575 million, cash acquisition of 2.5 million net producing acres in Kentucky, West Virginia, and Virginia from EQT Corp., Pittsburgh.



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 Post subject: MARKET WATCH: Crude oil benchmarks fall pending US-China tra
PostPosted: Sat Jul 07, 2018 6:31 pm 
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MARKET WATCH: Crude oil benchmarks fall pending US-China trade tariffs

The light, sweet crude oil contract for August delivery fell $1.20 on the New York market July 5 to compromise just under $73/bbl while Brent crude oil for September delivery fell 85 on the London market to keep above $77/bbl.



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 Post subject: Oil Search adds to Alaskan portfolio
PostPosted: Fri Dec 21, 2018 4:45 am 
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Oil Search Ltd., Port Moresby and Sydney, has expanded its acreage position on the North Slope of Alaska following the recent 2018 Alaska Lease round. 



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