A proposed rule to further delay the effective date of the US Environmental Protection Agency’s Risk Management Program (RMP) Amendments was signed by EPA Administrator Scott Pruitt. The rule will give the agency more time to complete its reconsideration of the amendments covering accidental chemical releases, which were issued on Jan. 17. Source: News
New exploration play expands Colombia's Llanos basin oil production
Latin American exploration and development has been ignored in the recent years as operators focused more on North American shale opportunities. Source: News
Asia Pacific development increases with lower sanctioned volumes
Rystad Energy believes projects in Australia and South East Asia will develop 512 MMboe in recoverable liquids and natural gas resources in 2017, a 75% drop from 2016. Source: News
Eni to drill two subsea wells in Goliat field
Eni Norge AS plans to drill two subsea wells in Goliat field to start production from the Snadd discovery in the Barents Sea offshore Norway. The Snadd reservoir lies between the Realgrunnen and Kobbe reservoirs, which already are producing. Source: News
Assala Energy to buy Shell's Gabon onshore interests for $587 million
Assala Energy Holdings Ltd., a portfolio firm of global alternative asset manager Carlyle Group, has agreed to acquire all of Royal Dutch Shell PLC’s onshore oil and gas operations and related infrastructure in Gabon for $587 million. Source: News
Moody's: Outlook n North American R&M revised to stable
Moody’s Investors Service has changed the outlook to stable from negative on the North American and EMEA (Europe, the Middle East, and Africa) regions refining and marketing (R&M) businesses. This outlook reflects Moody’s expectation for the fundamental business conditions over the next 12-18 months. Source: News
Trump's executive order emphasizes energy more than environment
US President Donald J. Trump signed a much-anticipated executive order that was directed more at energy than environmental regulation. Source: News
MARKET WATCH: Front-month crude closes higher on NYMEX on Libya news
The light, sweet crude oil contract for May gained slightly and settled above $50/bbl for a second consecutive day on the New York market Mar. 31. Analysts said oil market participants awaited news on compliance with production-cut targets, interrupted Libyan production, and rising US production. Source: News
Financial trauma triggers reinvented US onshore E&P business
Nothing is more effective than a severe, prolonged downturn at stripping an industry of its excesses, especially in the US onshore upstream business. Source: News
3 Apr 2017 10:57:51 EDT – The latest stock information is now available for your stocks
XOM Last 81.5946 Change –0.4154 % Change 0.51% Volume 2,922,824 As of: 3 Apr 2017 10:57:51 EDT View: Stock Quote | News CVX Last 106.84 Change –0.53 […]