YPF, American Energy Partners agree to Vaca Muerta JV

YPF SA and American Energy Partners LP have signed a joint venture agreement to explore and develop unconventional oil and natural gas from Argentina’s Vaca Muerta formation providing that financing can be arranged. Source: News


BHP Billiton to write down $7.2 billion in US onshore assets

BHP Billiton Ltd. expects to book a pretax impairment charge of $7.2 billion, or $4.9 billion post-tax, against the carrying value of its onshore US assets, which will total $16 billion after the move. Source: News


MARKET WATCH: Crude oil prices gain, US natural gas drops

US light, sweet crude oil prices for February delivery gained modestly on the New York market Jan. 14, closing at above $31/bbl while Brent prices on the London market closed just above $31/bbl within days of both benchmarks briefly dipping under $30/bbl. Source: News


FTC issues final amendments to ethanol-gasoline blends labeling rule

The US Federal Trade Commission adopted rating, certification, and labeling requirements for certain ethanol-gasoline blends as it issued final amendments to its automotive fuel ratings, certification, and posting rule. Source: News


Expanding domestic energy is 2016 priority, US Chamber president says

The US Chamber of Commerce is making domestic energy expansion one of its top 2016 priorities, its president announced. It also intends to fight runaway government regulation, push for more American trade globally, and promote entitlement reform discussions, Thomas J. Donohue said in his 2016 State of American Business address. Source: News