The American Petroleum Institute’s current and incoming chairmen of its Downstream Committee met with the two main cosponsors of a US House of Representatives bill that would reform the Renewable Fuels Standard as the trade association launched its effort to repeal or dramatically reform the federal law’s quota and other requirements during the 114th Congress’s […]
BLM final rule aims to curb venting, flaring on onshore federal lands
The US Bureau of Land Management issued a final rule aimed at reducing releases of natural gas into the atmosphere from oil and gas operations on onshore public and Indian tribal lands. Oil and gas associations were immediately critical. Two groups even sued in federal court, charging that the rule is a broad new air-quality […]
Contract let for Alberta bitumen refinery
North West Redwater Partnership (NWRP) has let a contract to General Electric International Inc. subsidiary GE Water & Process Technologies, Trevose, Pa., to provide wastewater treatment and recycling technologies to help NWRP meet Canada’s stringent provincial water regulations at its greenfield bitumen refinery now under construction in Sturgeon County, about 45 km northeast of Edmonton, […]
WEO 2016: Lower upstream investment may start new boom-bust cycle
Renewables and natural gas will be the big winners in the race to meet energy demand growth until 2040, according to the 2016 edition of the World Energy Outlook, the International Energy Agency’s flagship publication. However, traditional concerns related to oil and gas supply remain—and are reinforced by record falls in investment levels, IEA noted […]
16 Nov 2016 12:57:52 EST – The latest stock information is now available for your stocks
XOM Last 85.91 Change –0.91 % Change 1.05% Volume 3,651,548 As of: 16 Nov 2016 12:57:52 EST View: Stock Quote | News CVX Last 108.03 Change –0.93 […]
Lukoil secures $500-million loan for Uzbekistan development
PJSC Lukoil said it received a $500-million loan to finance development of the Gissar Group’s gas-condensate fields in southeastern Uzbekistan. Source: News
USGS: Permian’s Wolfcamp shale contains 20 billion bbl of oil
The Wolfcamp shale in the Midland basin portion of Texas’s Permian basin contains an estimated mean of 20 billion bbl of oil, 16 tcf of associated natural gas, and 1.6 billion bbl of NGLs, according to an assessment by the US Geological Survey. Source: News
Gatlin appointed SVP, COO at Tesco
John Gatlin has been selected as senior vice-president and chief operation officer of Tesco Corp. Source: News
OGUK: Survey shows decommissioning expenditures on the rise
Decommissioning expenditures offshore the UK and Norway in 2015 totalled £2.1 billion, up from £1.6 billion in 2014. Source: News
EIA: US crude stockpiles up 5.3 million bbl
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 5.3 million bbl during the week ended Nov. 11 compared with the previous week’s total, according to the US Energy Information Administration’s Weekly Petroleum Status Report. Source: News