Jones Energy adjusts credit, mulls options

Jones Energy Inc., Austin, is “exploring strategic alternatives” with financial advisers after gaining flexibility from lenders on its revolving credit during regularly scheduled redetermination of its borrowing base.  Source: News

Statoil buying Total interests off Norway

Statoil AS will become operator of Martin Linge oil and gas field and the Garantiana discovery offshore Norway after acquiring Total SA’s equity interests for $1.45 billion.  Source: News

MARKET WATCH: NYMEX January crude contract nears $59/bbl

The light, sweet crude oil contract for January delivery gained nearly $1/bbl on Nov. 24 on the New York market after a government report earlier in the week showed a fall in the US crude oil inventory. Source: News

Watching Government: Global gas markets

Electric power generation could be the main end-use for emerging overseas economies as US LNG exports continue to rise, several speakers suggested as the US Trade & Development Agency (USTDA) formally launched its LNG export initiative on Nov. 20. Source: News

Nebraska PSC approves Keystone XL's mainline alternative route

Nebraska’s Public Service Commission approved the proposed Keystone XL crude oil pipeline’s mainline alternative route in a 3-2 vote. The new route maximizes co-location of the new system with the existing Keystone pipeline while having potential impacts on fewer miles of threatened or endangered species’ ranges, PSC said in its Nov. 20 final order. Source: […]

The oil (and gas) era

Coupled with proposals to curtail sales of cars fueled by gasoline and diesel, the possible shedding of oil and gas investments by Norway’s sovereign wealth fund can seem ominous for oil. Environmental groups, such as the Safe Climate Campaign of Washington, DC, welcomed the recommendation by Norges Bank. Source: News