Gallagher to become Parsley CEO next year

Matt Gallagher, president and chief operating officer of Parsley Energy Inc., Austin, will become chief executive officer in January 2019 under a plan announced earlier this month.  Source: News


Norwegian APA 2017 round offers 75 production licenses

A total of 75 new production licenses were offered to 34 companies on the Norwegian Continental Shelf in an expanded Awards in Predefined Areas (APA) bid round Jan. 16. Source: News


Vermilion acquiring Saskatchewan producer

Vermilion Energy Inc. has agreed to acquire a private Saskatchewan company with light-oil production in the Sinclair and Fertile areas straddling the Saskatchewan-Manitoba border.  Source: News


MARKET WATCH: NYMEX crude oil holds above $63/bbl

The February light, sweet crude oil price dropped moderately on the New York market Jan. 16 but still settled above $63.70/bbl while the March Brent crude oil price dropped more than $1 on the London market. Source: News


NAFTA exit could hamper US gas exports to Mexico, speaker warns

A US withdrawal from the North American Free Trade Agreement could create an additional delay for projects seeking to export US natural gas to Mexico, dealing an unnecessary blow to the Trump administration’s goal of establishing US energy dominance, an American Petroleum Institute official warned during a Jan. 16 discussion at the Heritage Foundation. […]