Watching Government: Specific NAFTA energy concerns

With North American Free Trade Agreement renegotiations on the horizon, energy concerns seem centered primarily on preserving features that helped create more integrated oil, gas, and electricity markets in Canada, Mexico, and the US. Source: News


Merger possibility

New expressions of oil-company support for a US tax on carbon-dioxide emissions should draw attention to existing mechanisms potentially adaptable to the mitigation of climate change. Source: News


Oil Search highlights Papua New Guinea operations for 2017-19

Papua New Guinea operator Oil Search Ltd., Sydney and Port Moresby, reported that its production forecast for this calendar year is holding steady at 28.5-30.5 million boe. The company is now well advanced in its forward plans for 2018 into 2019. Source: News


Kraken heavy oil goes onstream in UK North Sea

EnQuest PLC confirmed Kraken heavy oil field went on stream on June 23, saying seven production wells and six injection wells have been completed. Those production wells will be brought online in phases. Source: News


MARKET WATCH: NYMEX crude oil price settles above $43/bbl

The light, sweet crude oil price for August delivery on the New York Mercantile Exchange gained modestly on June 23 to settle just above $43/bbl, but US oil prices still experienced a fifth consecutive weekly loss after dipping on June 21 to the lowest since Aug. 11, 2016. Source: News