Study: US oil, gas industry supported 10.3 million jobs in 2015

The US oil and gas industry’s total employment impact to the national economy in 2015, combining operational and capital investment impacts, amounted to 10.3 million full-time and part-time jobs and accounted for 5.6% of total US employment, according to a study commissioned by the American Petroleum Institute and conducted by PwC LLP. Source: News


Venezuelan oil industry sanctions remain an option, Mnuchin says

The Trump administration placed sanctions aimed specifically at Venezuelan President Nicolas Maduro on July 31 in response to worsening political and social conditions there, but stopped short of invoking such measures on the country’s oil industry. That step remains an option, however, US Treasury Sec. Steven T. Mnuchin said. Source: News


German official slaps US sanctions bill

Concern about the planned Nord Stream 2 natural gas pipeline has elicited new German opposition to the possibility of expanded US sanctions against Russia. Source: News


ETP to sell 32.44% Rover Pipeline stake to Blackstone

Energy Transfer Partners LP’s wholly owned subsidiaries, Energy Transfer Interstate Holdings LLC and ET Rover Pipeline LLC have signed an agreement with funds managed by Blackstone Energy Partners and Blackstone Capital Partners for sale of ETP’s 32.44% stake in the Rover Pipeline project to Blackstone. Source: News