Emissions of carbon dioxide remained unchanged for the second year in a row in 2015 while the global economy continued to grow, according to preliminary data from the International Energy Agency. Source: News

Paul F. Blanchard has been named president and chief executive officer of Panhandle Oil & Gas Inc., Oklahoma City, succeeding Michael C. Coffman, who will retire at yearend. Source: News

Van P. Whitfield will serve as special advisor to Cobalt International Energy Inc., Houston, for 6 months beginning July 1 after resigning as chief operating officer and executive vice-president. Source: News

Tullow Oil PLC reported “strong oil shows” in cuttings and rotary sidewall cores across a 700-m interval in its Cheptuket-1 well drilled on Block 12A in the Kerio Valley basin in northern Kenya. Source: News

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, gained 1.3 million bbl during the week ended Mar. 11 compared with the previous week’s total, according to the US Energy Information Administration’s Weekly Petroleum Status Report. Source: News

Crude oil prices declined moderately on the New York and London markets on Mar. 15 on lingering world oil oversupply concerns, but early Mar. 16 trading showed prices climbing after Saudi Arabia, Kuwait, and Qatar indicated they might limit oil production even if Iran does not do the same. Source: News

Linn Energy LLC said in a Mar. 15 filing with the US Securities and Exchange Commission that its current financial state is such that bankruptcy may become “unavoidable.” Source: News