The Alberta government has submitted legislation to impose a carbon tax, part of its plan announced last year to address climate change. Source: News
NPD studies cores from northeastern Barents Sea
The Norwegian Petroleum Directorate had seven shallow wells drilled in the northeastern Barents Sea in fall 2015, resulting in 1,000 m of stratigraphic drill cores to help assess the resource base. Source: News
WoodMac: UKCS decommissioning to ramp up over next 5 years
Research and consultancy firm Wood Mackenzie Ltd. estimates based on current crude oil prices that 142 fields will cease production and £55 billion will be spent on decommissioning on the UK Continental Shelf over the next 5 years. Source: News
BP starts up water injection project at Thunder Horse
BP PLC has started up a water injection project at its Thunder Horse platform in the deepwater Gulf of Mexico to boost oil and gas recovery from one of the field’s three main reservoirs. Source: News
25 May 2016 12:56:47 EDT – The latest stock information is now available for your stocks
XOM Last 89.963 Change +0.293 % Change 0.33% Volume 4,285,883 As of: 25 May 2016 12:56:47 EDT View: Stock Quote | News CVX Last 101.53 Change +1.34 […]
Rystad Energy: Improving oil prices could help shrink DUC inventory
The heart of the Denver-Julesburg (DJ) basin exhibits the most commercial drilled but uncompleted (DUC) backlog, said a Rystad Energy study that estimated the DUC inventory in Weld County, Colo., was economic to complete at an average light, sweet crude oil futures price of $30/bbl. Source: News
25 May 2016 11:56:07 EDT – The latest stock information is now available for your stocks
XOM Last 89.89 Change +0.22 % Change 0.25% Volume 3,717,354 As of: 25 May 2016 11:56:07 EDT View: Stock Quote | News CVX Last 101.6025 Change +1.4125 […]
EIA: US crude inventories fall 4.2 million bbl
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased 4.2 million bbl during the week ended May 20 compared with the previous week’s average, according to the US Energy Information Administration’s weekly Petroleum Status Report. Source: News
MARKET WATCH: NYMEX crude price hits highest settlement since October 2015
The price of light, sweet crude oil for July delivery settled at a high for so far in 2016 and was 1¢ above the settlement price for July Brent on the London market May 24. It was the first time since January that the US benchmark has settled above Brent. Source: News
25 May 2016 10:58:32 EDT – The latest stock information is now available for your stocks
XOM Last 89.7 Change +0.03 % Change 0.03% Volume 2,524,429 As of: 25 May 2016 10:58:32 EDT View: Stock Quote | News CVX Last 101.565 Change +1.375 […]