Statoil SA will become Equinor. The name will change after a shareholder vote scheduled May 17. The Norwegian government, Statoil’s majority shareholder, supports the proposal by the board of directors. Source: News

Oil price benchmarks remained relatively steady on New York and London markets as healthy demand reports helped balance the rise in US production. Source: News

Thirty-nine US senators urged the Trump administration to use all tools at its disposal—including a provision in the 2017 Countering America’s Adversaries Through Sanctions Act (CAATSA)—to prevent construction of the Nord Stream 2 natural gas pipeline.  Source: News

Led by gasoline and seasonal demand for heating fuels, US petroleum demand hit 20.3 million b/d in February. Demand was up by more than 1 million b/d from February 2017, nearing record highs not seen for more than a decade, according to the American Petroleum Institute. Source: News

TransCanada Corp. has placed its Cameron Access natural gas pipeline project into service in southwestern Louisiana. Cameron Access involved improvements to existing pipeline, construction of a compressor station, and the addition of 27 miles of 36-in. OD greenfield pipeline.   Source: News

Global oil demand is expected to rise 1.5 million b/d to 99.3 million b/d in 2018, according to the International Energy Agency’s most recent Oil Market Report. This represents a 90,000-b/d increase compared with last month’s report. Source: News