Governors extend Tri-State Shale Coalition agreement through 2021

The governors of Ohio, Pennsylvania, and West Virginia agreed to extend a 2015 agreement to cooperate on developing shale oil and gas resources in their states through Dec. 31, 2021. Their Mar. 21 action continues an effort to show the Appalachian basin’s shared goal to assure the gas will attract manufacturers to the region instead […]

Oil Search operations slowly coming back on line after quake

Sydney and Port Moresby producer Oil Search Ltd. expects its Gobe oil and gas processing facilities and export pipeline in the Papua New Guinea southern highlands to be back on stream in the next few days. The plant was mostly left undamaged by the recent earthquake. Source: News

Baker Hughes: US rig count reaches 995, up 5

The US drilling rig count reached 995 after a 5-unit gain during the week ended Mar. 23, data from Baker Hughes indicate. This total is up 186 units from a year ago. Source: News

MARKET WATCH: Oil prices slip as White House moves to impose tariffs on China

Oil prices slipped Mar. 22, down from recent gains amid fears of a trade war that could hamper economic growth. US President Donald Trump on Mar. 22 signed “a Presidential Memorandum targeting China’s economic aggression,” a move aimed at imposing $50 billion in tariffs. This, after new tariffs on steel and aluminum became effective Mar. […]

KPC lets prefeasibility study for Kuwaiti refining capacity expansions

Kuwait Petroleum Corp. and its subsidiaries have let a contract to Jacobs Engineering Group Inc., Dallas, to deliver a prefeasibility study to support downstream capacity expansions in Kuwait in support of KPC’s long-term strategic plans and directions up to 2040.  Source: News