• Reimposing Iran oil sanctions may be difficult for US, speakers say
    on July 19, 2018 at 8:55 pm

    Reimposing sanctions aimed at Iran’s crude oil exports could prove harder than some members of the Trump administration apparently believe, speakers suggested at a July 18 Atlantic Council discussion. […]

  • Edmonton MP gets Canadian resources job
    on July 19, 2018 at 5:51 pm

    An Edmonton member of the Canadian Parliament voiced support of the Trans Mountain Pipeline expansion after being sworn in as minister of natural resources on July 18. […]

  • US Senate Democrats, Sanders oppose post-Macondo rule change proposals
    on July 19, 2018 at 5:41 pm

    Twenty-one US Senate Democrats and Independent Bernie Sanders (Vt.) expressed their opposition to what they said are Trump administration plans to roll back offshore blowout preventer (BOP) system and well control regulations imposed following the 2010 Macondo well’s destruction and subsequent massive crude oil spill. […]

  • MARKET WATCH: NYMEX crude oil prices drop after US oil inventory rise
    on July 19, 2018 at 2:48 pm

    Light, sweet crude oil prices rose for a second consecutive day on July 18 in New York but dropped in early July 19 trading as market participants considered a rising US oil inventory and rising production. […]

  • Oil industry, ethanol witnesses cite different grievances with RFS
    on July 18, 2018 at 6:09 pm

    Witnesses from the American Petroleum Institute and the Renewable Fuels Association appeared equally dissatisfied with the US Environmental Protection Agency’s recently proposed 2019 biofuel quotas under the Renewable Fuel Standard at a public hearing in Ypsilanti, Mich. […]

  • Northern continues to increase Williston basin inventory
    on July 18, 2018 at 5:58 pm

    Northern Oil & Gas Inc. will acquire a North Dakota asset currently producing more than 4,100 boe/d from Tailwater Capital LLC-backed Pivotal Petroleum Partners for $68.4 million in cash and 25.75 million shares of common stock. […]

  • EIA: US crude stockpiles increase 5.8 million bbl
    on July 18, 2018 at 5:52 pm

    US crude oil inventories, excluding the Strategic Petroleum Reserve, reversed course from the prior week’s draw with a 5.8 million-bbl increase for the week ended July 13, according to US Energy Information Administration data. […]

  • IEA: Global energy investment decline for third straight year
    on July 18, 2018 at 5:44 pm

    Global energy investment declined for the third consecutive year in 2017 to $1.8 trillion, a shortfall of 2% in real terms from the previous year, according to the recently released World Energy Investment 2018 report from the International Energy Agency. […]

  • FERC moving ahead on LNG project applications, chairman says
    on July 18, 2018 at 4:48 pm

    Denying a report that the US Federal Energy Regulatory Commission notified LNG project sponsors that there would be a 12-18 month delay in processing applications, Chairman Kevin McIntyre said the commission has made significant strides “in reforming the permitting process in working with federal partners, eliminating duplicative processes, and streamlining procedures that will significantly reduce our LNG permitting timelines.&rdquo […]

  • MARKET WATCH: Oil prices gain despite talk of rising US, Saudi crude supply
    on July 18, 2018 at 4:17 pm

    Light, sweet oil prices settled slightly higher on the New York market July 17 after dropping to the lowest level nearly a month earlier on expectations of additional crude oil likely becoming available to world markets. […]

  • Global gas flaring declined in 2017 after years of growth, data show
    on July 17, 2018 at 5:24 pm

    Flaring of gas at crude-oil production sites worldwide went down in 2017 despite a 0.5% increase in production, the World Bank’s Global Gas Flaring Reduction Partnership reported. The nearly 5% year-to-year decline began to reverse years of increases that began in 2010, it said. […]

  • MARKET WATCH: Brent crude oil for September plunges nearly $3.50/bbl
    on July 17, 2018 at 2:06 pm

    The Brent crude oil contract for September delivery plunged by nearly $3.50/bbl on the London market July 16 while light, sweet crude oil prices dipped nearly $3/bbl to the lowest level in 3 weeks on the New York market. […]