The US withdrew as an implementing country under the Extractive Industries Transparency Initiative on Nov. 2. This mattered because the domestic oil and gas industry said voluntary reporting under EITI was a good alternative when it opposed compulsory disclosure of payments to foreign governments under Section 1504 of the Dodd-Frank law before the requirement was […]

Royal Dutch Shell PLC posted a third-quarter net profit attributable to shareholders on a current cost of supplies basis of $4.1 billion, up from $2.7 billion in third-quarter 2016. Source: News

A US House Natural Resources Committee subcommittee heard more support for offshore than onshore policy reform proposals at a Nov. 7 hearing as two of the four witnesses differed on whether to transfer federal onshore oil and gas responsibilities to agencies in producing states. Source: News

China Petrochemical Corp. (Sinopec) and joint-venture partner Kuwait Petroleum Corp. (KPC) have let a contract to Kaji Technology Corp. of Japan to supply equipment for the long-planned Sino-Kuwait integrated refining and petrochemical complex now under construction on Donghai Island of Zhanjiang City in China’s Guangdong Province. Source: News

Chinese and Alaskan officials signed a five-party, $43-billion joint development agreement for the Alaska LNG project on Nov. 8 in Beijing. US President Donald Trump and Chinese President Xi Jinping were present for the signing ceremony at the Great Hall of the People, where other deals between the two countries were announced. Source: News

Kuwait, overshadowed by escalating conflict between larger neighbors, stays stable amid parliamentary churn. Source: News

The board of the Independent Petroleum Association of America elected Michael Watford as the organization’s chairman and Steven Hinchman as its vice-chairman. Source: News

Troubled Perth-based producer Empire Oil & Gas NL (EOG) has been acquired by its largest shareholder, Mineral Resources Ltd. (Min Res), also of Perth. Source: News