Austria’s OMV AG said it signed a technical evaluation agreement with Abu Dhabi National Oil Co. (ADNOC) and Occidental Petroleum Corp. for several undeveloped oil and gas fields in northwest offshore Abu Dhabi. Source: News
Gorgon off Western Australia ships first LNG cargo
The Chevron Australia-led joint venture at the Gorgon and Jansz-Io field project on Barrow Island offshore Western Australia has shipped its first cargo of LNG. Source: News
MARKET WATCH: NYMEX oil prices drops back under $40/bbl
Light, sweet crude oil prices fell on the New York market Mar. 18 to close back under $40/bbl, after Baker Hughes Inc. reported a 1-unit increase in US rigs drilling for oil. Reaction to the rig count report abruptly ended an oil-price rally that briefly reached above $40/bbl for the first time this year. […]
Watching Government: Can cooperative federalism work?
The Obama and Trudeau governments emphasized how important governments in US states and Canadian provinces and territories would be when their leaders jointly announced stronger efforts to combat climate change on Mar. 10. Source: News
India poised to be world's center of oil-demand growth
India is poised to replace China as the world’s center of oil-demand growth, according to authors of a study published by the Oxford Institute for Energy Studies. Source: News
BHI: US rig count hits all-time low in recorded data
The overall weekly US rig count is now at its lowest point in Baker Hughes Inc. data that begins in the 1940s, and perhaps since the infancy of US oil and gas industry in the mid-19th century. Source: News
Oil and gas groups, states outline problems with BLM's fracing rule
The US Bureau of Land Management issued a hydraulic fracturing regulation rule that lacks justification, cannot be administered technically, exceeds the agency’s regulatory authority, and violates federal law, the Independent Petroleum Association of America and Western Energy Alliance jointly said. Source: News
Climate vs. free speech
Just when you think debate about climate change can’t get any worse, juridical oversight of speech rears its deplorable head-in the United States of America, of all places. Source: News
Murky business of 'firsts'
In my fervor to report a “first” in something, I erroneously wrote during IHS CERAWeek in February that Cheniere Energy Inc. shipped the first export cargo of LNG from the US via its Sabine Pass, La., terminal. As it was pointed out to me via e-mail by one of our readers, this fact was wrong […]
A rescue of Houston by Washington, DC? It’s not unthinkable
Sometimes it pays to think the unthinkable. Source: News