Kevin J. McIntyre was sworn in as US Federal Energy Regulatory Commission chairman on Dec. 7. He immediately asked US Energy Sec. Rick Perry for another 30 days to act on the “Grid Resiliency Pricing Rule,” which the secretary proposed on Sept. 29. Source: News

As commodity prices improved and performance in the upstream and downstream strengthened, a sample of 62 US-based oil and gas producers and refiners posted a collective earnings of $8 billion in this year’s third quarter compared with $92.4 million in earnings in the previous year’s third quarter. Earnings in the third quarter were partially reduced […]

Environmentalists opposed to pipeline construction should proceed cautiously with a central piece of their strategy. The tactic might backfire. Source: News

The new normal in global hydrocarbon markets has been oversupply. As winter and the heart of the heating season approach, however, events and policies have combined to once again highlight how quickly local manifestations of this balance can change. Source: News

Russia and Iran are bolstering energy cooperation. Officials of state-owned Gazprom have signed agreements with counterparts at several Iranian entities envisioning cooperation in a range of operations.  Source: News

Rosneft has approved the drilling of more than 2,400 wells during 2018-27 to boost recovery by more than 50 million tonnes of oil equivalent (toe) at supergiant Samotlor field in Western Siberia, according to a company statement.  Source: News