Industry Insights

Italy’s Eni SPA has set group capital expenditures during 2016-19 at $41.78 billion, down 21% from the 2015-18 plan. Source: News

Barclays has revised down its global exploration and production spending outlook for 2016, now saying such spending could fall 27% this year, down from 15% back in January. Source: News

Explosive munitions struck the In Salah gas plant in Krechba, Algeria, early Mar. 18. No injuries were reported, but operators shut down the central processing facility as a precaution. Source: News

The US Bureau of Ocean Energy Management proposed new air-quality requirements for offshore oil and gas drilling that it said would more accurately account for emissions and effective protect any state’s air quality. It said that the proposal updates 36-year-old regulations and incorporates BOEM’s Arctic Outer Continental Shelf jurisdiction over air quality, which Congress recently […]

Light, sweet crude oil prices closed above $40/bbl on the New York market Mar. 17 for the first time since Dec. 3, 2015, and US natural gas futures settled at nearly $1.94/MMbtu, their highest level in a month. Source: News

TransCanada Corp., Calgary, has agreed to acquire Columbia Pipeline Group Inc. of Houston for $13 billion, including the assumption of $2.8 billion of debt. Source: News

The US Pipeline & Hazardous Materials Safety Administration proposed broader natural gas transmission pipeline safety regulations that would add new assessment and repair criteria, and include lines in medium population density areas, called moderate consequence areas, where an incident would pose a risk to human life. Source: News