BP awarded 10% interest in ADCO onshore concession

BP PLC has signed an agreement with the Supreme Petroleum Council of Abu Dhabi and Abu Dhabi National Oil Co. (ADNOC) that grants BP a 10% interest in Abu Dhabi Co. for Onshore Petroleum Operations Ltd.’s (ADCO) onshore oil concession. Source: News

Shell finalizes sale of Japanese refining assets

Royal Dutch Shell PLC has completed the previously announced sale of nearly all its interest in Japanese refiner Showa Shell Sekiyu KK as part of the company’s ongoing strategy to reduce its downstream refining assets. Source: News

RESPONSE bill signed into law to aid in crude-oil train derailments

US President Barack Obama has signed into law S. 546, which aims to provide first responders resources and tools to handle hazardous spills from crude-oil train derailments and other accidents, on Dec. 16, said the measure’s sponsor, US Sen. Heidi Heitkamp (D-ND). Source: News

MARKET WATCH: NYMEX oil prices hold steady in low $50s/bbl

Crude oil futures on the New York and London markets held steady early on Dec. 19, kicking off a week of reduced trading volumes and potentially increased volatility ahead of the Christmas holiday. Source: News

Groups fire heavy rhetorical guns at Trump's EPA pick

Advocacy groups hostile to oil and gas fired heavy rhetorical guns at President-elect Donald Trump’s pick for Environmental Protection Agency administrator. Source: News