Five European energy companies have committed to provide long-term financing for 50% of the total cost of the Nord Stream 2 natural gas pipeline project. Source: News

Woodside Petroleum Ltd., Perth, plans to drill five wells offshore Myanmar in 2017, one more than originally scheduled, following encouraging results in 2016. Interpretation of seismic data has indicated what the company calls “an additional low-cost exploration target with upside” on Block A-6. Source: News

The light, sweet crude oil prices for June delivery fell modestly on the New York market Apr. 24 to settle just above $49/bbl while the Brent crude oil price for June delivery also dropped but remained above $51/bbl. Source: News

Patrick Welch has been appointed vice-president and chief financial officer of Jonah Energy LLC, a privately held company formed in 2014 to manage properties in Jonah natural gas field of Wyoming. Source: News

The number of US crude oil and petroleum product pipeline accidents in 2016 fell 10% from the previous year’s level, the American Petroleum Institute and Association of Oil Pipe Lines jointly reported in their 2017-19 Pipeline Safety Excellence Strategic Plan and 2016 Performance Report on Apr. 24. Source: News

The American Petroleum Institute said it would like to see the US Environmental Protection Agency review requirements to limit emissions from new oil and gas operations, quotas under the federal Renewable Fuel Standard, and implementation of ground-level ozone controls under National Ambient Air Quality Standards. Source: News