The US Chamber of Commerce is changing how it rates members of Congress for the first time in 40 years to encourage bipartisanship, begin restoring the nation’s political center, and end federal legislative gridlock, US Chamber Pres. Thomas J. Donahue said on Jan. 10 in his 2019 State of American Business address. Source: News
Mol Norge-operated well comes up dry in North Sea
Mol Norge has plugged exploration well 2/6-6S, which was targeting the Oppdal-Driva prospect in production license 860 in the North Sea. Both targets were dry. Source: News
Hallam appointed Williams senior vice-president
Scott Hallam has been named senior vice-president overseeing the Atlantic-Gulf operating area of Williams Cos. Inc. Source: News
Jadestone ready to restart Montara field oil production
Singapore-based Jadestone Energy Inc. has completed work required for the restart of production from Montara oil field in the Timor Sea following an extensive maintenance and inspection shutdown. The facilities are now undergoing the final stages of pressure testing to ensure asset integrity and a safe resumption of production. Source: News
Virginia pollution control board approves permit for ACP compressor
Virginia’s Air Pollution Control Board unanimously approved a permit for the Atlantic Coast Pipeline Project to construct a compressor station in Buckingham County on Jan. 8 following a recommendation by the state’s Department of Environmental Quality. Source: News
ConocoPhillips lets rig contract to Rowan
ConocoPhillips Skandinavia AS has let a contract to Rowan Cos. for the Rowan Norway jack up rig. The contract, subject to partner approval, is expected to begin in this year’s second quarter with an estimated duration of 7 months. Source: News
MARKET WATCH: Oil prices rise on reassuring comments from Saudi Arabia
The light, sweet crude oil price for February broke through the $50/bbl mark on Jan. 9, settling above $52/bbl on the New York market while the Brent crude oil price for March moved above $61/bbl. This eighth straight day of increases is attributed, in part, to comments about crude output reduction made by Saudi Energy […]
Wheeler nominated to be EPA administrator
US President Donald Trump nominated Andrew Wheeler to lead the US Environmental Protection Agency. Wheeler became EPA’s acting administrator on July 5, 2018, following E. Scott Pruitt’s resignation. He previously served as its deputy administrator. Source: News
EIA STEO revises Brent, WTI oil price forecasts downward for 2019
In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration has revised its 2019 price forecasts for Brent and West Texas Intermediate to $61/bbl and $54/bbl, respectively, which are both $11/bbl lower than forecast in the STEO for November. Source: News
Doriemus farms in to onshore Canning play
Doriemus PLC, London, has signed a binding letter of intent with Rey Resources Ltd., Sydney, to farm in to onshore Canning basin permit EP 487 in northwest Western Australia as well as a separate farmin to nearby Kora West oil field in production license L-15. Source: News