Ensco PLC has agreed to buy Atwood Oceanics Inc. in an all-stock deal that will create a combined company valued at $6.9 billion based on the closing price of each company’s shares on May 26. Source: News
BP extends option to farm into Ironbark permit off Western Australia
Cue Energy Resources Ltd., Melbourne, has agreed to extend BP PLC’s option to farm into 42.5% equity of offshore Carnarvon basin exploration permit WA-359-P from the end of May till Oct. 25. Source: News
Zinke begins Arctic Circle trip with a 5-day visit to Alaska
US Interior Sec. Ryan Zinke reiterated his support for more responsible oil and gas development during a 5-day visit to Alaska as part of an extended trip around the Arctic Circle that also included scheduled stops in Greenland and Norway. Source: News
30 May 2017 10:54:57 EDT – The latest stock information is now available for your stocks
Source: Industry Insights
MARKET WATCH: NYMEX oil prices end volatile week at $49.80/bbl
Oil prices rose May 26 to regain partially from the previous day when prices plummeted on both the New York and London markets following an announcement that the Organization of Petroleum Exporting Countries and some non-OPEC countries extended production targets. Source: News
30 May 2017 09:56:39 EDT – The latest stock information is now available for your stocks
Source: Industry Insights
Outrage and budgets
To understand oil and gas implications of a White House budget proposal that, in comparison with predecessors, seems sketchy, consider an image from US President Donald Trump’s visit to Saudi Arabia. Source: News
Sound, fury, or substance?
You’ve put your downstream technology editor in an awkward position, as the role requires having to reject your manuscripts without wanting to discourage future submissions. In an era where your legal departments have outlawed attaching your names to any article, these rejections are painful. Source: News
Having made power pricey, Alberta now seeks rate cap
Alberta is anticipating a problem it begat with yet another problem. Source: News
EIA: US gasoline prices at $2.40/gal heading into Memorial Day weekend
US gasoline prices heading into Memorial Day weekend average $2.40/gal, up 10¢ from last year’s average, the US Energy Information Administration reported. Source: News