Shell selling 50% SADAF stake to SABIC

Royal Dutch Shell PLC will sell its 50% interest in the Saudi Petrochemical Co. (SADAF) joint venture to Saudi Basic Industries Corp. (SABIC), its partner, for $820 million. Source: News


Watching Government: After the protests

After he was sworn in as North Dakota’s 33rd governor on Dec. 15, 2016, Doug Burgum (R) urged the state’s lawmakers to embrace changes in energy, education, tax and spending policies, and information dissemination to help reverse declining revenues. Source: News


Twenty-nine firms awarded stakes in Norway's APA 2016 bid round

Twenty-nine companies have been awarded 56 new production licenses on the Norwegian continental shelf as part of Norway’s Awards in Predefined Areas (APA) 2016 licensing round. Thirty-three companies were eligible to apply for 148,014 sq km. Source: News


US judge denies initial injunction in BLM venting, flaring suit

A federal district court judge in Wyoming denied a preliminary injunction against the US Bureau of Land Management’s venting and flaring rule. Petitioners-which included the Independent Petroleum Association of America, the Western Petroleum Association, and the states of Wyoming, North Dakota, and Montana-did not demonstrate that a preliminary injunction is warranted, US District Judge Scott […]


Zinke says he would move land authority out of Washington

US Rep. Ryan Zinke said he would work to have more federal land management decisions reached outside of Washington, DC, as a product of closer collaboration with states and stakeholders if he is confirmed as the next US Secretary of the Interior. Source: News


Oil market psychology

So far, market psychology has worked profitably for the Organization of Petroleum Exporting Countries and its collaborators in supply management. Mere discussion about production cuts raised the price of crude oil enough to generate windfall revenue last month. Source: News


Mind your manners

Ask any editor at Oil & Gas Journal, and he or she will tell you it’s as gratifying to receive a manuscript for publication consideration as it is for a potential contributing author to submit it. Source: News