The US drilling rig count increased a mere 3 units during the week ended Feb. 24 following 5 straight weeks of double digit gains, according to Baker Hughes Inc. data. Source: News
24 Feb 2017 12:56:23 EST – The latest stock information is now available for your stocks
XOM Last 81.09 Change –0.69 % Change 0.84% Volume 4,710,280 As of: 24 Feb 2017 12:56:23 EST View: Stock Quote | News CVX Last 109.82 Change –1.20 […]
ONRR stays new oil, gas valuation rule in response to litigation
The US Office of Natural Resources Revenue has postponed the Jan. 1 effective date for its new final rule covering oil and gas as well as coal valuation on public and Indian tribal land after several petitioners legally challenged it in US District Court for Wyoming on Dec. 29, 2016, the agency announced. Source: […]
Gazprom Neft shows annual boost in net profits
PJSC Gazprom Neft earned 200.1 billion rubles in net profits in 2016—a 82.5% increase over 2015. Oil-equivalent production increased 8.2% to 86.2 million tonnes. Factors attributing to this boost in earnings include production increases at Novoportovskoye and Prirazlomnoye fields and the commissioning of the East Messoyakhskoye field in September 2016. Source: News
Rosneft reports decline in net income for 2016
Rosneft reported a decline net income in 2016 to 181 billion rubles compared with 355 billion rubles in 2015. Fourth-quarter net income of 52 billion rubles, however, doubled third-quarter net income of 26 billion. Source: News
Mobilize federal support for carbon dioxide pipelines, group urges
A multistate working group convened by two western governors urged the Trump administration and the 115th Congress to make carbon dioxide pipelines a priority within a more-ambitious US system agenda. The State CO2-EOR Deployment Work Group also released a report recommending that the federal government support development of CO2 pipeline networks to securely transport large […]
24 Feb 2017 11:54:53 EST – The latest stock information is now available for your stocks
XOM Last 81.09 Change –0.69 % Change 0.84% Volume 3,781,924 As of: 24 Feb 2017 11:54:53 EST View: Stock Quote | News CVX Last 109.98 Change –1.04 […]
Associations form pipeline steel team in response to Trump memo
Four national oil and gas associations have formed a pipeline steel team in response to US President Donald J. Trump’s Jan. 24 Executive Memorandum specifying that US-manufactured materials will be used in all new construction as well as repairs, retrofits, and expansions to the maximum extent possible. Source: News
Shell, YPF to develop Vaca Muerta gas pilot project
Royal Dutch Shell PLC and Argentina’s YPF SA have signed preliminary terms and conditions of an agreement to develop a shale gas pilot project in the Vaca Muerta shale of Neuquen province. Source: News
LG Chem lets contract for Daesan ethylene expansion
LG Chem Ltd., Seoul, has let a contract to KBR Inc. to provide technology licensing and basic engineering design (LBED) services for a previously announced 3-year program to modernize and expand ethylene capacity at the Daesan petrochemical complex in Chungcheong Province, South Korea. Source: News