Light, sweet crude oil prices gained modestly to settle at $50.85/bbl for the December contract on the New York market Oct. 21, but prices were staying flat on Oct. 24 after Iraqi oil officials said they expect to be excluded from a proposed production cut by the Organization of Petroleum Exporting Countries. Source: News

Venezuela’s turmoil shows no signs of being resolved anytime soon, two speakers agreed during an Oct. 14 discussion at the Inter-American Dialogue in Washington, DC. They said indications that some of the current top officials at state-run Petroleos de Venezuela SA (PDVSA) are trying to be more pragmatic with foreign partners may be the only […]

US Sens. Bernie Sanders (I-Vt.) and Democrats Benjamin L. Cardin (Md.), Dianne Feinstein (Calif.), Patrick J. Leahy (Vt.), and Edward J. Markey (Mass.) have asked US President Barack Obama to halt construction of the Dakota Access crude oil pipeline until affected Indian tribes are consulted and a fuller environmental review can be conducted. Source: […]

Mitigation measures that would require halting of oil and gas operations when dolphins are in the vicinity and proposed minimum separation distances for seismic surveys running simultaneously are among the American Petroleum Institute’s biggest initial concerns with the US Bureau of Ocean Energy Management’s draft programmatic environmental impact statement (PEIS) for the Gulf of Mexico […]

Contrary to the claims of climate activists, a revolution in energy use is not inevitable. While politically inspired change is certain, it won’t be what activists have in mind. Source: News

Findings from a new report launched Oct. 13 in Istanbul at the 23rd World Energy Congress (WEC) in collaboration with Accenture Strategy and the Paul Scherrer Institute point to the energy industry having a very different future from once envisioned. Source: News

When compromise stands no chance, balance gains appeal as a measure of policy. Source: News

Previously stagnant since the beginning of September, the Permian basin’s rig count surged during the week ended Oct. 21, helping boost the overall US rig count by double-digits. Source: News

Tourmaline Oil Corp., Calgary, has agreed to acquire 206,000 net acres in western Canada from Royal Dutch Shell PLC affiliate Shell Canada Energy for $1.037 billion, or $1.369 billion (Can.). Source: News

BP Australia has agreed to renew its State Agreement with the Government of Western Australia for a further 30 years. Source: News