• RI pension fund presses oil firms on lobbying outlays
    on August 18, 2017 at 6:11 pm

    Rhode Island’s treasury, which manages the state’s pension plan, petitioned ExxonMobil Corp., Chevron Corp., ConocoPhillips Co., and Devon Energy Corp. during the 2017 shareholder season to disclose information to shareholders on the companies’ lobbying efforts and financial outlays, especially on the state level, RI Gen. Treasurer Seth Magaziner (D) said. &nbs […]

  • Virginia governor opposes leasing offshore state without revenue sharing
    on August 18, 2017 at 4:26 pm

    Virginia Gov. Terry McAuliffe (D) said he opposes oil and gas leasing off the state’s coast under a new federal Outer Continental Shelf management program because it apparently would not include royalty and revenue sharing from any crude oil or natural gas produced there. &nbs […]

  • MARKET WATCH: Crude prices near another weekly decline
    on August 18, 2017 at 3:52 pm

    Brent crude oil prices climbed early on Aug. 18 while US light, sweet crude declined as both moved toward another weekly loss. &nbs […]

  • API: US petroleum demand highest for July since 2007
    on August 17, 2017 at 8:57 pm

    Total US petroleum deliveries, a measure of US petroleum demand, moved up 4.9% in July from a year ago to average nearly 20.7 million b/d, the highest July deliveries in 10 years, according to data from the American Petroleum Institute. &nbs […]

  • IECA requests moratorium on US LNG exports to non-FTA countries
    on August 17, 2017 at 8:49 pm

    The Industrial Energy Consumers of America called for a moratorium on US exports of liquefied natural gas to countries not having a free trade agreement with the US. &nbs […]

  • Greece launches new tender
    on August 17, 2017 at 8:34 pm

    Greece’s Ministry of Environment and Energy has invited interested parties to submit bids within 90 days from the date of publication of its tender notice in the Official Journal of the European Union. &nbs […]

  • China, Philippines eye joint exploration
    on August 17, 2017 at 5:59 pm

    China and the Philippines are discussing joint exploration of an area off the island nation claimed by Beijing. &nbs […]

  • BOEM publishes draft EIS for Hilcorp’s project in Beaufort Sea
    on August 17, 2017 at 5:53 pm

    The US Bureau of Ocean Energy Management published a draft environmental impact statement for Hilcorp Alaska LLC’s proposed Liberty oil and gas project in the Beaufort Sea off Alaska’s North Slope. The Aug. 17 publication of the draft EIS opened a 90-day public comment period, which will run through Nov. 19, it said. &nbs […]

  • Rob Bishop, 119 other House members ask Zinke to expand OCS leasing
    on August 17, 2017 at 5:12 pm

    The US House Natural Resources Committee Chairman Rob Bishop (R-Utah) and 119 other House members, all but one of whom are Republicans, asked Interior Sec. Ryan Zinke to increase US Outer Continental Shelf areas available for oil and gas leasing in the next 5-year management program. Rep. Gene Green from Houston was the single Democrat who signed the Aug. 16 letter, a committee staff member told OGJ. &nbs […]

  • HPCL, Rajasthan state form JV for proposed Barmer refining complex
    on August 17, 2017 at 5:04 pm

    Hindustan Petroleum Corp. Ltd. (HPCL) and the state government of Rajasthan have partnered to jointly develop HPCL’s previously announced plan to set up a refinery and petrochemical complex in Barmer district, Rajasthan. &nbs […]

  • Merger to combine companies in STACK play
    on August 17, 2017 at 4:46 pm

    Silver Run Acquisition Corp. II has agreed to merge with privately held Alta Mesa Holdings LP, Houston, and Kingfisher Midstream LLC, forming a company valued at $3.8 billion with operations in Oklahoma’s STACK play. &nbs […]

  • US gas futures rise after EIA reports gas storage build
    on August 17, 2017 at 4:31 pm

    US natural gas futures rose on the New York market Aug. 17, halting a four-session losing streak despite a weekly government report showing a build in gas supplies in underground storage across the Lower 48. &nbs […]