Denver independent Whiting Petroleum Corp. has completed the sale of its midstream assets in North Dakota’s Williston basin to Tesoro Logistics Rockies LLC (TLRL), a division of Tesoro Corp. affiliate Tesoro Logistics LP (TLLP). Source: News

Oil futures rebounded on the New York market Jan. 4, rising nearly $1 to settle above $53/bbl in a week of oil-price swings. The US benchmark oil price for February delivery on Jan. 3 briefly reached above $55/bbl for the first time since July 2015 while the Jan. 3 low was about $52/bbl. Source: […]

Energy policy improvements will need to be an essential part of US policy reforms voters demanded on Nov. 8 and expect in the next 4 years, American Petroleum Institute Pres. Jack N. Gerard maintained. Source: News

Capital expenditures (capex) of global integrated oil and gas companies are expected to fall a further 8% in 2017, according to a recent outlook of RBC Capital Markets. The continued decline is driven by a combination of reduced (and more phased) activity as well as cost deflation. Total capex for the majors is seen at […]

ExxonMobil Corp. and Rex W. Tillerson, its former chief executive officer and US President-elect Donald J. Trump’s current nominee for secretary of state, have reached an agreement to shed financial ties and remove possible conflicts of interest should he be confirmed for the government post. Source: News

State-owned Empresa Nacional del Petroleo (Enap), has let a contract to Fluor Corp., Irving, Tex., to provide engineering, procurement, and construction on a project aimed at improving environmental performance of subsidiary Enap Refinerias SA’s 116,000-b/d Bio Bio refinery at Hualpen, in Chile’s Bio Bio region. Source: News