API: Energy holds key to necessary US policy reforms

Energy policy improvements will need to be an essential part of US policy reforms voters demanded on Nov. 8 and expect in the next 4 years, American Petroleum Institute Pres. Jack N. Gerard maintained. Source: News


RBC: Majors’ capex to have more downward pressure in 2017

Capital expenditures (capex) of global integrated oil and gas companies are expected to fall a further 8% in 2017, according to a recent outlook of RBC Capital Markets. The continued decline is driven by a combination of reduced (and more phased) activity as well as cost deflation. Total capex for the majors is seen at […]


Tillerson, ExxonMobil cut deal to sever financial ties

ExxonMobil Corp. and Rex W. Tillerson, its former chief executive officer and US President-elect Donald J. Trump’s current nominee for secretary of state, have reached an agreement to shed financial ties and remove possible conflicts of interest should he be confirmed for the government post. Source: News


Chile’s Enap lets contract for Bio Bio refinery

State-owned Empresa Nacional del Petroleo (Enap), has let a contract to Fluor Corp., Irving, Tex., to provide engineering, procurement, and construction on a project aimed at improving environmental performance of subsidiary Enap Refinerias SA’s 116,000-b/d Bio Bio refinery at Hualpen, in Chile’s Bio Bio region. Source: News