The American Petroleum Institute and eight other national oil and gas trade associations jointly called for companies in the industry to receive relief from anticipated US steel tariffs and quotas. In their May 18 comments, they outlined ways the US Department of Commerce could improve the relief approval process so as not to sever supply […]

Steps in the right direction seldom cover much ground. To call something a step in the right direction is to spray cheery paint on disappointment. Source: News

Gulfport Energy Corp., Oklahoma City, updated recent well results on its SCOOP Woodford assets in Oklahoma’s southeastern Anadarko basin. Source: News

Rising US LNG exports could put upward pressure on US gas prices and expose a previously isolated North American market to global market dynamics, a study by the US Commodity Futures Trading Commission’s (CFTC) Market Oversight Office suggested. Source: News

The overall US rig count continues its climb with a slight gain this week. Baker Hughes’ calculation of active US rigs increased by 1 unit during the week ended May 18 to 1,046. Rigs drilling for oil were unchanged at 844 rigs compared with last week, while those rigs targeting natural gas gained 1 unit […]

US Gulf Coast onshore ports’ limited tanker loading capacities could increase crude oil export costs because the ports are not able to accommodate very large crude carriers, the US Energy Information Administration warned. Exports have grown using smaller and less-effective vessels to get the crude to designated lightering points farther from shore where it can […]