American Petroleum Institute Pres. Jack N. Gerard reported that he will step down in August after 10 years when his contract expires and not make another long-term commitment to the nation’s largest oil and gas trade association. Until that time, he will continue as API’s president and assist in the search for his successor, he […]

ExxonMobil Corp. will pursue seismic acquisition and analysis later in 2018 on its recent Deepwater Cape Three Points Block license offshore Ghana. Source: News

Royal Dutch Shell PLC subsidiary Shell Deutschland Oil GMBH is building what will become the world’s largest hydrogen electrolysis plant at the 140,000-b/d refinery at Wesseling, Germany, which together with the former Godorf refinery near Cologne-Godorf, form its 325,000-b/d integrated Rheinland refinery, Germany’s largest. Source: News

Crude oil benchmarks gained modestly on the New York and London markets Jan. 17 on news of possible world oil supply risks due to political uncertainty. Analysts said crude prices held steady pending release of a monthly report from the Organization of Petroleum Exporting Countries. Source: News

US commercial crude inventories, excluding those in the Strategic Petroleum Reserve, declined 6.9 million bbl during the week ended Jan. 12 compared with the previous week’s total, the US Energy Information Administration said in its Weekly Petroleum Status Report. Source: News

Abu Dhabi National Oil Co. plans a sixfold increase in injection of carbon dioxide for enhanced oil recovery during the next 10 years as it expands capacity for CO2 capture and storage. Source: News

ExxonMobil Upstream Research Co. signed a 3-year joint development agreement with MagnaBond LLC to develop technologies to better evaluate well cementing, casing, and tubing during decommissioning activities. Source: News