An increase in crude oil prices in Texas to $43.38/bbl in May from $27.08/bbl in February couldn’t prevent the tally of upstream job losses from surpassing 100,000, according to the Texas Alliance of Energy Producers’ latest Texas Petro Index (TPI). Source: News

Total SA has been awarded 30% interest by Qatar Petroleum (QP) in the concession covering the offshore Al-Shaheen oil field. Source: News

The US Pipeline & Hazardous Materials Safety Administration is seeking comments on a report it developed, “Background for Regulating the Transportation of Carbon Dioxide in a Gaseous State,” as part of its effort to develop minimum requirements for safely transporting CO2, the US Department of Transportation agency announced. Source: News

The US Bureau of Land Management and Bureau of Safety and Environmental Enforcement separately increased penalties for oil and gas operators to adjust for inflation. BLM’s interim final rule more than doubles fines for not taking corrective action and for major violations. BSEE’s interim final rule increases the maximum daily civil fine by $2,017 to […]

Policies affecting oil and natural gas join myriad issues thrown into question by the UK’s vote on June 23 to withdraw from the European Union. Source: News