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 Post subject: US House panel studies E&P impacts on water supplies
PostPosted: Fri May 17, 2019 11:02 pm 
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Members split along party lines on May 16 as a US House Natural Resources Committee subcommittee considered whether US above-ground and underwater supplies are protected adequately from potentially damaging leaks or spills from onshore oil and gas exploration and production. Democrats felt more federal regulation is needed while Republicans said many states are providing enough oversight already.



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 Post subject: API: US petroleum markets remained solid in April
PostPosted: Sat May 18, 2019 4:03 am 
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US petroleum markets turned in a solid overall performance in April, according to the latest Monthly Statistical Report from the American Petroleum Institute. Crude oil production sustained a record-tying 12.1 million b/d while total petroleum demand was the highest for the month since 2007 at more than 20 million b/d.



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 Post subject: MARKET WATCH: Oil prices tumble after US-China news
PostPosted: Fri May 24, 2019 11:27 pm 
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Light, sweet crude oil contracts for July and August plunged by more than $3.50/bbl on May 23, marking the sharpest single-session drop since Dec. 24, 2018, and the lowest settlement since Mar. 12. Brent crude oil prices also fell more than a $3/bbl on the London market with the July contract settling under $68/bbl. Analysts attributed the steep benchmark price drops on US-China trade relations as well as rising US oil supplies.



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 Post subject: Association heads laud EPAs cost-benefit analysis memo
PostPosted: Sat May 25, 2019 3:39 am 
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Oil and gas associations responded favorably to US Environmental Protection Agency Administrator Andrew R. Wheelers May 13 memorandum stating that the agency should ensure its regulatory decisions are rooted in sound, transparent, and consistent approaches to evaluating benefits and costs.



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 Post subject: Eight firms added in Lebanese bid round
PostPosted: Thu Jul 04, 2019 1:01 pm 
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The Lebanese Petroleum Administration (LPA) has designated eight more international companies prequalified for an offshore licensing round with bids due Sept. 15.



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 Post subject: MARKET WATCH: NYMEX ends week at nearly $48/bbl
PostPosted: Tue Jan 26, 2021 5:13 am 
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Crude oil prices ended the week higher overall on New York and London markets Jan. 4, with light, sweet crude oil and Brent reporting their first weekly gain in a month. On a daily basis, crude oil price futures had gained for five consecutive days as of the Jan. 4 closing.



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 Post subject: Baker Hughes: Canada adds 15 rigs for the week
PostPosted: Tue Jan 26, 2021 8:07 am 
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Canada has added 15 rigs for the week ended May 24, according to Baker Hughes data. With 78 rigs running, the count is slightly less than the 81 units drilling this week a year ago. The number of oil-directed rigs in Canada increased by 16, bringing the count to 38 rigs for the week. Gas-directed rigs were down a single unit to 40.



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 Post subject: EIA: Continuing downward trend, US crude stockpiles fall 6.5
PostPosted: Wed Jan 27, 2021 6:49 am 
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EIA: Continuing downward trend, US crude stockpiles fall 6.5 million bbl

US crude oil stockpiles are continuing on a downward trend that began during the spring.



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 Post subject: Trump claims Saudi Arabia agreed to increase oil production
PostPosted: Wed Jan 27, 2021 8:02 am 
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Saudi Arabia has not confirmed President Trumps figures on oil production




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 Post subject: OTC: Keynotes address technology, carbon dioxide steps
PostPosted: Thu Jan 28, 2021 9:33 am 
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Future advances in technology will help offshore oil and gas development compete with US shale plays, said one of two oil-company keynote speakers May 6 at the Offshore Technology Conference in Houston.



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