Tax reform, newly in fashion in the US, presents a dilemma to the oil and gas business. It’s both desirable and treacherous. Source: News
A US oil story
On Jan. 1, members of the Organization of Petroleum Exporting Countries as well as several non-OPEC producers were supposed to begin curtailment of crude oil output in an attempt to hasten market rebalancing (OGJ Online, Dec. 13, 2016). It’s the first such joint deal in 15 years. 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. But the political legacy can’t be ignored. Source: News
Interim tag removed from Vaalco CEO Bounds
Cary Bounds has been appointed chief executive officer of Vaalco Energy Inc. on a permanent basis effective Dec. 29, 2016. He assumed the interim role on Sept. 1 following the retirement of Steve Guidry. Source: News
BOEM denies G&G permit applications for South and Mid-Atlantic OCS
The US Bureau of Ocean Energy Management has denied six pending applications to conduct offshore oil and gas geological and geophysical (G&G) surveys on the US South and Mid-Atlantic Outer Continental Shelf. The Jan. 6 move came more than 4 years after BOEM set the stage for what would have been the first seismic evaluation […]
DCP Midstream, DCP Midstream Partners announce merger
DCP Midstream LLC, the Denver-based 50-50 joint venture of Phillips 66 and Spectra Energy Corp., and DCP Midstream Partners LP (DMP) have signed a definitive merger agreement under which the companies will combine their businesses to form a new entity that, by late January, will be the largest NGL producer and gas processor in the […]
Gould joins PESA as senior director, public policy
Jean Gould has joined the Petroleum Equipment and Services Administration (PESA) as senior director of public policy. Source: News
BHI: US rig count begins 2017 with 7-unit increase
The US drilling rig count began the new year with its eighth consecutive weekly rise and 28th increase of the past 32 weeks that comprise the recent drilling rebound. Source: News
Pembina Pipeline receives approvals for NEBC Expansion
Pembina Pipeline Corp., Calgary, has received regulatory approval for and has initiated construction on its previously announced $235-million expansion of its pipeline system in northeast British Columbia. Source: News
Antero lifts 2017 capital budget by 7%
Antero Resources Corp., Denver, has set its 2017 capital budget at $1.5 billion, up 7% from 2016. The total includes $1.3 billion for drilling and completions and $200 million for core leasehold additions and extensions. Source: News