The group led by Eni redeveloping supergiant Zubair oil field in southern Iraq has completed three new oil, gas, and water treatment plants. Source: News

Light, sweet crude oil prices gained for a third consecutive session on the New York market Mar. 2 with the contract for April delivery holding above $34/bbl despite a weekly government report that showed a surprise jump in US crude oil inventories. Source: News

New forces ranging from persistently depressed crude-oil prices to growing government climate-change polices are making Canada’s National Energy Board alter its forecasting approach, officials said. NEB, which has issued forecasts every 2 years since 1966, plans to update its Canada’s Energy Future 2016 (EF 2016) report in November and adjust some of its methods to […]

Aubrey K. McClendon, chairman and chief executive officer of American Energy Partners LP (AEP) and former chief executive officer of Chesapeake Energy Corp., died in a car accident in Oklahoma City on Mar. 2, KFOR in Oklahoma City reported. Source: News

Rex Energy Corp., State College, Pa., has entered a joint-venture agreement to develop 58 wells in its Moraine East and Warrior North prospects in Pennsylvania and Ohio, respectively. Source: News

Natural gas prices in the US will be lower than earlier forecast this year but will ease back up in 2017, says Barclays Research, citing storage patterns. Source: News

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, gained 10.4 million bbl during the week ended Feb. 26 compared the previous week’s total, according to the US Energy Information Administration’s Weekly Petroleum Status Report. Source: News

Light, sweet crude oil prices on the New York market gained modestly to settle above $34/bbl on Mar. 1, and Russia state news agency TASS reported Russia’s Energy Minister Alexander Novak said a “critical mass” of oil-producing countries had agreed to freeze oil production. Source: News

The oil and gas industry needs to maintain a competent, well-trained workforce and emphasize safety to keep up the quality of current operations during the oil-price downturn, various speakers told the IADC/SPE Drilling Conference in Fort Worth on Mar. 1. Source: News

The US Pipeline & Hazardous Materials Safety Administration expects to issue natural gas pipeline safety rules in the next few weeks now that its proposals have completed a White House Office of Management and Budget review, PHMSA Administrator Marie Therese Dominguez told a US House Energy and Commerce Committee subcommittee. Source: News