BP PLC and Egyptian Natural Gas Holding Co. (Egas) have sanctioned development of the Atoll Phase 1 project in the North Damietta offshore concession in the East Nile Delta. Source: News

Prices for light, sweet crude oil rebounded on the New York market after a 6-day losing streak on June 17, and the upward momentum continued in early June 20 trading. Brent crude oil prices on the London market were doing the same. Source: News

In its Climate Change Action Plan published June 8, the provincial government refrains from pushing natural gas out of home heating by 2030. Source: News

Energy issues have not been discussed much in the 2016 US presidential campaigns. That doesn’t necessarily mean the November election’s outcome won’t have significant policy consequences, two speakers suggested at a June 9 US Energy Association event. Source: News

The US House of Representatives approved a resolution opposing President Barack Obama’s proposal to impose a $10.25/bbl tax on crude oil to support new transportation systems’ research and development. Source: News

A year characterized by persistently low crude oil and natural gas prices, decreased capital expenditures, and falling revenues included dramatic downward reserve revisions by the 50 largest exploration and production firms in the US, according to Ernst & Young LLP’s US oil and gas reserves study for 2016. Source: News

Any adult who marches in public wearing a dinosaur costume should be certain about the political point he or she wishes to make. Protestors dressed that way while protesting fossil-energy projects indeed behave with unflinching certitude.  Source: News