The White House has issued formal guidance for federal departments and agency to review and possibly revise their energy regulations under a Mar. 28 executive order aimed at promoting energy independence and economic growth. The May 8 guidance outlines considerations and lists deadlines to be met. Source: News

US President Donald Trump has nominated Neil Chatterjee, currently energy policy advisor to US Senate Majority Leader Mitch McConnell (R-Ky.), and Robert F. Powelson, who chairs Pennsylvania’s Public Utility Commission, as Federal Energy Regulatory Commission members on May 8. Source: News

Repsol Sinopec Resources UK Ltd., Aberdeen, has started oil production from Shaw field, part of the Montrose area redevelopment in the central North Sea. Source: News

The light, sweet crude oil price for June delivery rose modestly to close above $46/bbl on the New York market May 8 while the Brent crude oil contract for July also rose slightly to close above $49/bbl on what analysts called rising confidence that major producers likely will extend production-cut targets. Source: News