Rhode Island’s treasury, which manages the state’s pension plan, petitioned ExxonMobil Corp., Chevron Corp., ConocoPhillips Co., and Devon Energy Corp. during the 2017 shareholder season to disclose information to shareholders on the companies’ lobbying efforts and financial outlays, especially on the state level, RI Gen. Treasurer Seth Magaziner (D) said. Source: News
Downward trend continues for US drilling
The overall US rig count has declined for the third straight week and fifth time in 8 weeks, advancing what could be a partial reversal of a drilling rebound that lasted more than a year. Source: News
Virginia governor opposes leasing offshore state without revenue sharing
Virginia Gov. Terry McAuliffe (D) said he opposes oil and gas leasing off the state’s coast under a new federal Outer Continental Shelf management program because it apparently would not include royalty and revenue sharing from any crude oil or natural gas produced there. Source: News
MARKET WATCH: Crude prices near another weekly decline
Brent crude oil prices climbed early on Aug. 18 while US light, sweet crude declined as both moved toward another weekly loss. Source: News
Johnson appointed chief executive of Hunting
Arthur James Johnson has been promoted to chief executive of Hunting PLC, London, succeeding Dennis Proctor, who is retiring. Source: News
Gas looks cleanest when people burn wood to stay warm
Something about the topic of climate change destroys appreciation for balance and scale. Source: News
API: US petroleum demand highest for July since 2007
Total US petroleum deliveries, a measure of US petroleum demand, moved up 4.9% in July from a year ago to average nearly 20.7 million b/d, the highest July deliveries in 10 years, according to data from the American Petroleum Institute. Source: News
IECA requests moratorium on US LNG exports to non-FTA countries
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
Greece launches new tender
Greece’s Ministry of Environment and Energy has invited interested parties to submit bids within 90 days from the date of publication of its tender notice in the Official Journal of the European Union. Source: News
China, Philippines eye joint exploration
China and the Philippines are discussing joint exploration of an area off the island nation claimed by Beijing. Source: News