Brian Simmons has been named chief executive officer of Templar Energpeopley LLC, Oklahoma City, succeeding David D. Le Norman, who is withdrawing as president and CEO but remaining chairman of the board. Source: News
Climate controversy, once just polarized, now becoming weird
Controversy over climate change has gone from hopelessly polarized to altogether weird. Source: News
DOI disputes report that next OCS leasing program has been sidelined
The US Department of the Interior disputed a Wall Street Journal report quoting Sec. David L. Bernhardt as saying development of the next US Outer Continental Shelf oil and gas leasing program has been delayed indefinitely because of a recent court decision in Alaska which blocks Arctic offshore drilling there. Source: News
Petrobras enters three asset-sale pacts
Petrobras has entered three agreements to sell pipeline and oil and gas producing interests in deals worth a total of $10.3 billion as part of a divestment program. Source: News
Baker Hughes: In double-digit drop, US rig count falls below 1,000 units to 991
The US drilling rig count dropped 21 units, falling below 1,000 to 991 rigs working for the week ended Apr. 26, according to Baker Hughes data. Source: News
ExxonMobil reports 1Q earnings of $2.4 billion
Exxon Mobil Corp. reported estimated first-quarter earnings of $2.4 billion, down from $4.7 billion a year earlier. Source: News
Chevron 1Q production up 7% worldwide as earnings dip
Chevron Corp. reported first-quarter earnings of $2.6 billion, down from $3.6 billion in first-quarter 2018 while its worldwide net oil-equivalent production was 3.04 million b/d in the quarter, an increase of 7% from 2.85 million b/d one year ago. Source: News
Canada toughens ocean protection standards
Canada’s government is toughening standards for offshore conservation in ways that can preclude oil and gas activity in some areas. Source: News
Industry attractiveness at all-time low, despite productivity gains and cost controls
The oil and gas industry’s long march to recovery has created a big imbalance across the oil and gas ecosystem and performance gains of companies continue to be discounted by investors, according to a recent Deloitte report. Source: News
Hess Midstream to expand North Dakota gas processing capacity
Hess Midstream Partners LP is expanding natural gas processing capacity at its 250-MMcfd Tioga gas plant in North Dakota, north of the Missouri River. Source: News