Most US voters prefer a national energy strategy that recognizes and improves technologies that already have contributed to the country’s emissions reductions in the last 10 years to policies that are centered on expanded government regulation, a survey commissioned by the US Chamber of Commerce’s Global Energy Institute found. Source: News
Smart Oil signs PSC for Bohai Bay block
Smart Oil Investment Ltd. of China will operate exploration of the Bohai 09/17 block offshore China under a production-sharing contract with CNOOC Ltd. Source: News
Fire hits Malaysia’s integrated refining, petchem complex development
A fire broke out on Apr. 12 at the jointly held Saudi Aramco-Petronas $27-28 billion Pengerang Integrated Complex in southeastern Johor, Malaysia. The fire occurred about 1:25 a.m. local time at the atmospheric residue desulfurization unit, which is currently in its commissioning phase, Petronas said. The situation is now under control, and there are no […]
US Senate confirms Bernhardt’s nomination as Interior secretary
The US Senate confirmed David L. Bernhardt’s nomination to be secretary of the Interior in a bipartisan 56-41 vote. Bernhardt, who has been both acting and deputy Interior secretary, answered environmental and other groups’ assertions that he would cater to oil and gas interests that were clients when he was in the private sector with a […]
Delek to acquire Ceasar Tonga oil field interest from Shell
Delek Group agreed to acquire 22.45% interest in Caesar Tonga oil field in the Green Canyon area of the deepwater Gulf of Mexico from Shell Offshore Inc. for $965 million, having paid a $50-million deposit, and will sign a long-term off-take agreement with Shell Trading (US) Co. to purchase oil from the field for 30 […]
IEA: Global oil supply falls as demand shows mixed signals
The global oil market shows signs of tightening into this year’s second quarter, mainly because of a decline in supply. However, there are mixed signals in terms of the outlook for demand and whether stock levels are yet “normal,” the International Energy Agency said in its latest Oil Market Report. Source: News
US Congressional Republicans reintroduce LNG export reform bill
US Congressional Republicans reintroduced legislation aimed at simplifying and streamlining the federal process for authorizing exports of LNG on Apr. 10. The Senate measure, which Sen. Bill Cassidy (La.) sponsored with John N. Kennedy (La.) and Shelley Moore Capito (W.Va.) as cosponsors, would terminate existing prohibitions on both exports and imports of gas. As would […]
Well on Taq Taq western flank flows oil
A well drilled to assess potential of the western flank of Taq Taq oil field in the Kurdish region of Iraq is on production, reports Genel Energy. The TT-20z horizontal sidetrack well started production at an initial rate of 2,000 b/d through a 24/64-in. choke, boosting gross Taq Taq output to 15,500 b/d of oil. […]
MARKET WATCH: Oil prices rise as data shows large US gasoline inventory drawdown
US light, sweet crude oil prices were up Apr. 10 on the New York market, with both the May and June contracts settling above $64/bbl following a steep drop in gasoline stocks as reported by the US Energy Information Administration. While crude inventories for the week ended Apr. 5 were up by 7 million bbl from […]
Trump signs executive orders to reduce energy project delays
US President Donald Trump issued executive orders aimed at speeding the permitting process for oil and gas pipelines and other energy projects. “Too often badly needed energy infrastructure is being held back by special interest groups, entrenched bureaucracies, and radical activists,” the president said during an appearance in Crosby, Tex. Source: News