MARKET WATCH: NYMEX, Brent crude prices gain moderately

Light, sweet crude oil prices gained modestly to hold above $45/bbl on the New York market Nov. 9 while Brent crude oil prices held above $46/bbl in London as market participants considered Donald J. Trump’s surprise defeat of Hillary Clinton for the US presidency. Source: News


Vietnam lets contract for Dung Quat refinery optimization

Binh Son Refining & Petrochemical Co. Ltd. (BSR), a subsidiary of state-owned Vietnam National Oil & Gas Group (PetroVietnam), has let a contract to Honeywell International Inc. subsidiary Honeywell UOP LLC, Des Plaines, Ill., to provide a suite of cloud-based technology and interactive support services aimed at helping to improve productivity, efficiency, and profitability of […]


Hartung joins E&Y US oil, gas practice

John Hartung has joined Ernst & Young LLP as a Houston-based oil and gas principal. He also will serve as Americas oil and gas leader for Parthenon-E&Y, part of E&Y’s global transaction advisory services practice. Source: News


US election results improve prospects for federal policy reforms

The US oil and gas industry’s prospects for reforming federal policies, from arbitrary quotas under the Renewable Fuel Standard to reduced leasing opportunities on the US Outer Continental Shelf, brightened as Donald J. Trump beat Hillary Clinton for the presidency and Republicans kept control of both houses of Congress in the 2016 elections. Source: […]


EIA: US crude inventories record 2.4 million-bbl rise

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, increased 2.4 million bbl during the week ended Nov. 4 compared with the previous week’s total, according to data from the US Energy Information Administration. Source: News