EIA cuts 2016 crude oil price forecasts in latest STEO

The US Energy Information Administration has sharply cut its crude oil price forecasts through 2016 in its Short-Term Energy Outlook for January, which is the first to include a forecast for 2017. The cut is because of the continuing threat of a prolonged oversupply of crude as well as global inventory builds. Source: News


PetroVietnam lets contract for gas processing plant

PetroVietnam Gas Joint Stock Corp. (PV Gas), a subsidiary of state-owned Vietnam National Oil & Gas Group (PetroVietnam), has let a contract to UOP LLC and Honeywell Process Solutions (HPS), both divisions of Honeywell International Inc., Des Plaines, Ill., to provide gas processing and automation technology for its Ca Mau gas plant in the U […]


Recognize why US energy progress occurred, industry leaders urge Obama

US President Barack Obama should recognize why the US energy outlook improved during his administration and not allow regulations to be imposed that would stifle further progress, oil and gas industry leaders said prior to Obama’s final State of the Union address. Source: News


Kay tapped as Beach Energy chief executive officer

Matthew Kay has been chosen to serve as chief executive officer of Beach Energy Ltd., Adelaide. Kay will succeed Neil Gibbins, currently Beach’s acting chief executive officer. Source: News