NNPC chief discloses ‘unbundling’ plans

Nigerian National Petroleum Corp. will be divided into 30 companies “in the weeks ahead,” according to Ibe Kachikwu, minister of state for petroleum resources and NNPC group managing director. Source: News


Senate unanimously approves pipeline safety reauthorization bill

The US Senate unanimously passed S. 2276, which would reauthorize the US Pipeline and Hazardous Materials Safety Administration through fiscal 2019 while requiring the US Department of Transportation agency to finishing implementing mandates from the 2011 reauthorization bill. Source: News


Corey Riley named Riley Exploration president

Corey Riley has been named president of privately held Riley Exploration Group, a portfolio company of Yorktown Energy Partners based in Blanchard, Okla. Source: News


Manitok adds gas processing capacity in southeast Alberta

Manitok Energy Inc., Calgary, has entered an agreement with an undisclosed seller for the purchase natural gas processing and production assets in the Carseland area of its conventional oil and gas reservoirs in southeast Alberta’s Entice lands. Source: News


MARKET WATCH: NYMEX oil prices stay flat, April natural gas price falls

Light, sweet crude oil prices for April delivery on the New York market traded relatively flat on Mar. 3, ending the day down 9¢/bbl. Meanwhile, US natural gas futures dropped nearly 4¢/MMbtu after a weekly report showed a continued high level of gas in underground storage across the Lower 48. Source: News