Light, sweet crude oil futures dropped modestly on the New York market Nov. 15 after the US government reported a gain in crude oil inventories along with rising production. Total US crude oil production for the week ended Nov. 10 was 9.645 million b/d, up 25,000 b/d of which the Lower 48 accounted for 20,000 […]

The US Senate Energy and Natural Resources Committee adopted Chair Lisa Murkowski’s proposal to authorize oil and gas leasing on the Arctic National Wildlife Refuge’s Coastal Plain for federal budget reconciliation purposes. The final 13-10 vote on Nov. 15 ran along party lines, with Republicans voting aye and Democrats, with Independents Bernie Sanders and Angus S. […]

Abu Dhabi National Oil Co. (ADNOC) and China National Petroleum Corp. (CNPC) signed an agreement covering potential collaboration, including potential offshore opportunities and the sour gas development projects. Source: News

In conjunction with Tethys Oil Oman Ltd.’s Block 49 acquisition, Oman’s Ministry of Oil & Gas has signed agreements on two additional onshore blocks and one underexplored offshore block. Source: News

Abu Dhabi National Oil Co. has advanced two projects that will increase its production by 380,000 b/d of crude oil. In the larger of the projects, the company entered an agreement with partners in supergiant Upper Zakum offshore field to boost production to 1 million b/d from about 650,000 b/d at present.  Source: News