Pruitt calls for revised GHG standards for cars, light trucks

Existing greenhouse gas emissions limits for cars and light trucks in model years 2022-25 are not appropriate and should be revised, US EPA Administrator E. Scott Pruitt said. He also announced that EPA will start working with the National Highway Traffic Safety Administration to develop more appropriate GHG and CAFE standards for the motor vehicle […]

MARKET WATCH: NYMEX, Brent crude prices drop on US-China trade tensions

The light, sweet crude oil price for May dropped nearly $2/bbl on the New York market Apr. 2 while the Brent contract for June fell $1.70/bbl after China imposed import tariffs on US goods in response to recent tariffs on US steel and aluminum imports from China. Source: News

SEA Hibiscus completes North Sabah PSC acquisition from Shell

SEA Hibiscus, an indirect wholly owned subsidiary of Hibiscus Petroleum, has completed its acquisition of a 50% participating interest in the 2011 North Sabah enhanced oil recovery production-sharing contract and the joint operating agreement in relation to the PSC. Source: News

Earthstone Energy makes executive promotions

Robert J. Anderson has been promoted to president of Earthstone Energy Inc., The Woodlands, Tex. Anderson has served as executive vice-president, corporate development and engineering, since 2014. Source: News