EIA continues to revise up US crude oil production forecast

In its latest Short-Term Energy Outlook, the US Energy Information Administration revised the US crude oil production forecast upward from last month’s STEO, based on slower declines in Lower 48 production. Source: News

Oklahoma issues directive after earthquake rocks Cushing area

The Oil & Gas Division (OGCD) of the Oklahoma Corporation Commission (OCC) outlined a new directive in response to recent earthquake activity in Cushing. The Oklahoma Geological Survey rated the earthquake as a magnitude 5.0. Source: News

Output sting from Alberta GHG cap delayed

“Terrible market conditions” will delay the sting of Alberta’s pending 100 million-tonne cap on greenhouse-gas emissions from oil sands work, says a Fraser Institute analyst. Source: News

Trade groups file FOIA requests over BOEM financial assurance rules

Four oil and gas trade associations, which collectively represent the industry in the Gulf of Mexico, filed Freedom of Information Act requests with the US Department of the Interior and its Bureau of Ocean Energy Management on Nov. 7 concerning changes in financial assurance and bonding requirement changes for offshore oil, gas, and sulfur producers. […]

NEORI outlines priorities in memos to presidential transition teams

The National Enhanced Oil Recovery Initiative (NEORI) listed extension of the Section 45Q Tax Credit for Carbon Dioxide Sequestration as an immediate priority in memorandums to the Democratic and Republican presidential transition teams. Source: News