The US light, sweet crude oil contract for October settled flat on Sept. 15 at $49.89/bbl, unchanged from the previous day, after alternating between gains and losses throughout that day’s trading session. Source: News
Watching Government: A bigger role for states
It’s no secret that onshore oil and gas producers would like to see states play a bigger part in producing deposits on federally managed land. Source: News
Oil & Gas UK: Report cites need for offshore 'investment boost'
Oil & Gas UK is hoping the UK Continental Shelf will get “a badly needed investment boost” as a result of almost $6-billion worth of mergers and acquisitions in this year’s first half. Source: News
KrisEnergy, Cambodia sign deals for Gulf of Thailand oil development
The Cambodian government and KrisEnergy Ltd. have signed fiscal and technical agreements after 3 years of negotiating for the nation’s first oil field development in Cambodia Block A in the Gulf of Thailand. Source: News
Horrible storms evoke the coercive hysteria of climate activism
Climate activism discredits itself with coercive hysteria. Source: News
Baker Hughes: US rig count falls by 8
The US rig count during the week ended Sept. 15 recorded its largest decline since the end of the drilling dive of late-2014 to mid-2016. Source: News
Russia has closer eye on Venezuelan oil than China, House panel told
Russia probably has a stronger interest now than China in propping up President Nicolas Maduro’s regime to gain more access to Venezuela’s massive crude oil deposits, two witnesses told a US House Foreign Affairs subcommittee on Sept. 13. But China has more financial leverage over the South American country’s government, with up to $60 billion […]
Inpex to acquire 40% in Barents Sea exploration license
Inpex Corp., Tokyo, said it will acquire a 40% interest in exploration license PL767 in the western Barents Sea offshore Norway from Bayerngas Norge AS. Source: News
CCS must clear financial obstacles to move beyond EOR, witnesses say
Carbon capture and storage (CCS) faces bigger financial obstacles than environmental ones if it is to spread beyond enhanced oil recovery (EOR) in the US, witnesses agreed at a Sept. 13 US Senate Environmental and Public Works Committee hearing. Source: News
MARKET WATCH: NYMEX crude oil price nears $50/bbl
The US light, sweet crude oil contract for October approached $50/bbl while the November contract settled above $50/bbl Sept. 14 on the New York market. Oil price gains slowed Sept. 15 after North Korea fired a missile over Japan for the second time in a month. The launch came days after the United Nations Security […]