Delek US Holdings, Alon USA Energy to merge

Delek US Holdings Inc., Brentwood, Tenn., has entered a definitive agreement to buy all outstanding shares of Alon Israel Oil Co. Ltd.’s US-based refining and marketing subsidiary Alon USA Energy Inc., Dallas, which owns and operates a 74,000-b/sd refinery in Krotz Springs, La.; an idled 70,000-b/sd, three-refinery complex in California; and through its majority interest […]


Watching Government: Overturning the parting shots

Departing administrations often encourage political appointees to complete reports and regulations before their successors arrive soon after the new president’s inauguration.  Source: News


Hazards of tax reform

Tax reform, newly in fashion in the US, presents a dilemma to the oil and gas business. It’s both desirable and treacherous. Source: News


A US oil story

On Jan. 1, members of the Organization of Petroleum Exporting Countries as well as several non-OPEC producers were supposed to begin curtailment of crude oil output in an attempt to hasten market rebalancing (OGJ Online, Dec. 13, 2016). It’s the first such joint deal in 15 years. Source: News


Interim tag removed from Vaalco CEO Bounds

Cary Bounds has been appointed chief executive officer of Vaalco Energy Inc. on a permanent basis effective Dec. 29, 2016. He assumed the interim role on Sept. 1 following the retirement of Steve Guidry. Source: News


BOEM denies G&G permit applications for South and Mid-Atlantic OCS

The US Bureau of Ocean Energy Management has denied six pending applications to conduct offshore oil and gas geological and geophysical (G&G) surveys on the US South and Mid-Atlantic Outer Continental Shelf. The Jan. 6 move came more than 4 years after BOEM set the stage for what would have been the first seismic evaluation […]