BHI: US rig count edges down, ends latest surge

The US drilling rig count edged down 1 unit to 568 during the week ended Nov. 11, according to Baker Hughes Inc. data. However, US exploration and production firms continue to add rigs to their fourth-quarter and 2017 drilling plans, disclosed in recent weeks in third-quarter earnings reports. Source: News

Watching Government: Making climate commitments

The Oil & Gas Climate Initiative (OGCI)-a coalition of 10 European, Asian, and North American energy multinationals-announced that it will invest $10 billion over the next 10 years to develop and accelerate commercial deployment of innovative low-emissions technologies. Source: News

CPChem's USGC project

The rain may have let up on southeast Texas since record quantities hit the region earlier this year, but heavy clouds still hang over Chevron Phillips Chemical Co. LLC’s $6-billion Gulf Coast petrochemicals project currently under construction at Cedar Bayou and Old Ocean. Source: News

Do not rush to regulate, API officials urge Obama administration

Federal agencies that regulate oil and gas activity should not rush to impose new requirements before the Obama administration leaves office, two American Petroleum Institute officials said one week before the Nov. 8 elections. Source: News

Serbia's NIS wraps major refinery turnaround, boosts production

Serbia’s Naftna Industrija Srbije (NIS) JSC Novi Sad has completed a major turnaround as part of an ongoing modernization program to improve energy efficiency, boost production of higher-quality products, and ensure operational reliability at its 4.8 million-tonne/year refinery at Pancevo. Source: News

Political climate change

While international leaders toiled in Morocco to manage climate change, Americans elected as their president a billionaire inexperienced in government who ran against elitism and called global warming a hoax. Oil and gas might not stay underground by decree, after all. Source: News