Cairn India Ltd. reported a 7% decline in production in its latest quarter. The company cited a planned maintenance shutdown at its Mangala processing terminal on the Rajasthan block as well as natural declines in production from offshore assets. Source: News
Obama triumphant despite election's 'seismic repudiation'
Per custom, the president who pressed an 8-year regulatory siege against the US oil and gas industry is scripting his legacy. Source: News
Chile's Enap lets contract for Bio Bio refinery
State-owned Empresa Nacional del Petroleo (Enap), has let a contract to Fluor Corp., Irving, Tex., to provide engineering, procurement, and construction on a project aimed at improving environmental performance of subsidiary Enap Refinerias SA’s 116,000-b/d Bio Bio refinery at Hualpen, in Chile’s Bio Bio region. Source: News
Foxx signs ANPR seeking comments on crude-oil vapor pressure idea
US Sec. of Transportation Anthony Foxx has signed an advanced notice of possible rulemaking (ANPR) seeking government, industry, and public contributions on questions about establishing a vapor pressure threshold for crude oil as it is being transported. Source: News
Inpex, ADNOC ink deal to extend field development venture
Inpex Corp., Tokyo, reported an agreement in principle with Abu Dhabi National Oil Co. to extend the duration of joint development of Satah and Umm Al Dalkh oil fields offshore Abu Dhabi. Source: News
Lucas Energy enters Permian basin, changes name
Lucas Energy Inc., Houston, has agreed to partner with a private Houston-based oil and gas holding company in the Permian basin of Texas, and will change its name to Camber Energy Inc. to reflect the firm’s new operational focus. Source: News
RBC: Majors' capex to have more downward pressure in 2017
Capital expenditures (capex) of global integrated oil and gas companies are expected to fall a further 8% in 2017, according to a recent outlook by RBC Capital Markets. Source: News
Watching Government: Forecasting amid uncertainty
Adam Sieminski has led the US Energy Information Administration long enough to know the initial Annual Energy Outlook of the new year can be difficult. Source: News
Adjusting to BTA
As expectations grow that oil exporters actually might cut production to support the price of crude, a new complication emerges. It attaches to a proposal gaining political momentum in the US: tax reform. Last June, congressional Republicans embraced a border tax adjustment (BTA) as a way to encourage exports and discourage imports. The mechanism increasingly […]
TRC's name questioned
Foiled efforts so far to rename the Texas Railroad Commission remind this OGJ editor of a state antilitter campaign: “Don’t mess with Texas.” TRC may have the most colorful history of any state agency. Source: News