The Industrial Energy Consumers of America called for a moratorium on US exports of liquefied natural gas to countries not having a free trade agreement with the US. Source: News
US House members ask Zinke to expand OCS leasing
The US House Natural Resources Committee Chairman Rob Bishop (R-Utah) and 119 other House members, all but one of whom are Republicans, asked Interior Sec. Ryan Zinke to increase US Outer Continental Shelf areas available for oil and gas leasing in the next 5-year management program. Source: News
Six-person committee takes control of YPF after Darre resigns
Ricardo Darre has resigned as chief executive officer of Argentina’s YPF SA citing personal reasons. His position will be replaced by a committee consisting of six executives at the company. Source: News
Oil sands, oil supply
Anyone hoping for a return to normalcy in the oil market, to the security of cyclicality, to the assurance that low prices must rise again, should remember two words: oil sands. Source: News
PetroChina lets contracts for alkylation units at four refineries
PetroChina Co. Ltd.—the publicly listed arm of state-owned China National Petroleum Corp. (CNPC)—has let contracts to CB&I, Houston, for delivery of grassroots alkylation units to four of the operator’s Chinese refineries. Source: News
Burgos or bust
With conventional gas production declining in Mexico’s Burgos basin, the country has opened the area for private investment to develop the region’s shale resources. Petroleos Mexicanos (Pemex) will spend $51 million in the Burgos basin in 2017, down from 2012 when the state-owned company invested $657 million. Source: News
Statoil enters Argentina in Vaca Muerta pact with YPF
Statoil ASA and YPF SA have agreed to jointly explore for oil and gas in the Neuquen basin onshore Argentina. Source: News
MARKET WATCH: Anxious crude oil traders track Harvey, some refineries closed
Light, sweet crude oil prices on the New York Mercantile Exchange rose modestly but still settled below $48/bbl on Aug. 25 as market participants awaited news on Hurricane Harvey, which pounded Texas later that day and continues to cause massive flooding in Houston. Source: News
BSEE: Evacuations, shut-ins continue ahead of Hurricane Harvey making landfall
Oil and gas operators in the US Gulf of Mexico continued evacuation efforts from offshore platforms and rigs to clear a path for Hurricane Harvey, which continued to strengthen Aug. 25 and was expected to make landfall along the Texas coast as a Category 3 storm. Source: News
Saudi defense of oil price cuts kingdom’s shares of top markets
Saudi Arabia sacrifices much in its side efforts to manage oil supply. Source: News