Four lease auctions have taken place in Mexico since this author’s last comment about the need for a sobriety check on that country’s energy reform was published in Oil & Gas Journal. Source: News

Zhejiang Petroleum & Chemical Co. Ltd., also known as Zhejiang Petrochemical Co. Ltd. (ZPC), has let a contract to a subsidiary of Wison Engineering Services Co. Ltd. to provide nine ethylene-cracking furnaces for the first phase of its grassroots 40 million-tonne/year refining and chemical integrated complex in Zhoushan, Zhejiang Province, China. Source: News

A sample of 64 US-based oil and gas producers and refiners posted a combined net income of $6 billion for this year’s first quarter compared with a combined net loss of $15.5 billion for the same period in 2016. The group’s collective revenues in this year’s first quarter were $211.64 billion, up from revenues of […]

Uncertainty is as much a part of the oil and gas business as metal and dirt. Investors know this. They know oil and gas originate in unseen realms subject to complex forces never conveniently measurable. Source: News

The Organization of Petroleum Exporting Countries and its partners, notably including Russia, delivered an outcome on May 25 of extending, rather than deepening, their supply restraint agreements for another 9 months to the end of March 2018. Source: News

Stephen P. Roberts has joined Gastar Exploration Inc., Houston, as senior vice-president and chief operating officer. Source: News

Scotland’s government has contributed £50,000 to a project designed to preserve offshore oil and gas knowledge and experience otherwise lost to industry slumps. Source: News

Light, sweet crude oil prices dropped 70¢ on New York market to settle below $48/bbl June 2 while the Brent crude oil price for August delivery fell by more than 80¢ on the London market to settle under $50/bbl. Source: News