Barry Larson has been named chief executive officer of Pacific Exploration & Production Corp. effective Feb. 20. Source: News

Peter Gilgen, assistant treasurer of Marathon Petroleum Corp., has been appointed vice-president and treasurer of MPLX GP LLC, the general partner of MPLX LP, effective Feb. 1.   Source: News

A subsidiary of EP Energy Corp., Houston, has entered into a drilling joint venture with private capital investor Wolfcamp Drillco Operating LP to fund future crude oil and natural gas development in its Wolfcamp program in the Permian basin.  Source: News

Enterprise Products Partners LP (EPP), Houston, will build a new isobutane dehydrogenation (iBDH) unit at the US Gulf Coast as part of a strategy to boost utilization capacity at the company’s existing downstream octane-enhancement and petrochemical operations in the region. Source: News

Both US and Brent benchmark oil futures eased on Jan. 27 upon a jump in the weekly US rig count. Light, sweet crude oil continued to edge lower in early Jan. 30 trading, which analysts still attributed to the rig count. Source: News

Declaring “perhaps no aspect of America’s economy has been as overregulated as energy,” Majority Leader Kevin McCarthy (R-Calif.) said the US House will begin work to repeal, under the Congressional Review Act, the US Bureau of Land Management’s methane venting and flaring rule and the Security and Exchange Commission’s requirement that US oil and gas […]

Final investment decisions (FID) are expected to double globally in 2017 while exploration and production spending will increase for the first time since 2014, according to Wood Mackenzie Ltd.’s global upstream outlook. Source: News