US urged to expand LNG exports soon to diversify overseas gas markets

The US should move more quickly to expand its liquefied natural gas exports not only to reap significant domestic energy and economic benefits, but also to improve its geopolitical influence overseas by helping countries diversify their gas supply sources, speakers recommended in two separate Washington forums. Source: News


MARKET WATCH: Brent, NYMEX oil prices gain on IEA’s demand forecast

The light, sweet crude oil contract for April climbed more than $1/bbl on the New York market Mar. 5 to settle above $62/bbl while Brent crude for May rose more than $1/bbl to settle above $65/bbl after the International Energy Agency forecast robust world crude oil demand. Source: News


Contango updates Delaware basin drilling

Contango Oil & Gas Co. will invest $52 million to spud eight or nine wells in 2018, while completing an additional eight or nine wells in its southern Delaware basin acreage in Reeves and Pecos County, West Texas.  Source: News