• Accelerated changes needed to meet 2050 goals, Statoil economist says
    on June 23, 2017 at 10:08 pm

    Changes will need to accelerate to meet higher energy demand in 2050 while addressing growing global climate-change impacts, Statoil’s chief economist said. […]

  • Newly formed Tanami takes Tap Oil stake in Amulet field
    on June 23, 2017 at 3:25 pm

    Newly formed private Perth company Tanami Energy Pty. Ltd. has emerged as the buyer of fellow Perth company Tap Oil Ltd.’s 20% interest in the undeveloped Amulet oil discovery in Carnarvon basin licence WA-8-L offshore Western Australia. […]

  • API: US petroleum demand last month highest for May since 2007
    on June 23, 2017 at 3:13 pm

    According to monthly statistics from the American Petroleum Institute, total US petroleum deliveries in May moved up 4.9% from May 2016 to average 20.1 million b/d. These were the highest May deliveries in 10 years and the highest deliveries for any months in more than 9 years. […]

  • MARKET WATCH: NYMEX crude oil price gains slightly, settles under $43/bbl
    on June 23, 2017 at 2:45 pm

    The light, sweet crude oil price for August delivery on the New York Mercantile Exchange gained modestly but stayed below $43/bbl on June 22. It was the second consecutive settlement under that price. The US oil benchmark price climbed again in early June 23 trading. […]

  • BOEM to identify California offshore platform decommissioning issues
    on June 22, 2017 at 7:54 pm

    The US Bureau of Ocean Energy Management is trying to help identify issues that could arise as 27 offshore oil and gas platforms off southern California—all but three of which are in federal waters—are decommissioned, officials from the agency’s Pacific Region told members of BOEM’s Committee on Offshore Science and Assessment. […]

  • MARKET WATCH: NYMEX settles under $43/bbl, Brent under $45/bbl
    on June 22, 2017 at 7:14 pm

    The light, sweet crude oil price for July delivery on the New York Mercantile Exchange fell by nearly $1 to settle below $43/bbl on June 21 while Brent crude oil for August delivery fell more than $1 to reach below $45/bbl on the London market. […]

  • Gulf operators begin evacuations as Tropical Storm Cindy approaches
    on June 21, 2017 at 9:27 pm

    Offshore oil and gas operators in the Gulf of Mexico began to evacuate platforms and rigs in preparation for Tropical Storm Cindy, the US Bureau of Safety and Environmental Enforcement announced. […]

  • FAR, Woodside Senegal dispute taken to arbitration
    on June 21, 2017 at 4:15 pm

    Perth company FAR Ltd. has moved to arbitration to resolve the current joint operating agreement dispute regarding the company’s right to pre-empt the sale of ConocoPhillips’ interest in three blocks, including one containing the recent SNE oil discovery offshore Senegal. […]

  • Ferazzi appointed Williams senior vice-president
    on June 21, 2017 at 4:08 pm

    Frank J. Ferazzi has been named senior vice-president overseeing the Atlantic-Gulf operating area of Williams Cos. Inc. […]

  • UK oil and gas survey notes confidence
    on June 21, 2017 at 4:03 pm

    Confidence is returning to the UK oil and gas industry, according to an annual survey by the Bank of Scotland. […]

  • Oil companies in group seeking carbon tax
    on June 21, 2017 at 3:57 pm

    Four major oil companies have joined a nongovernmental initiative to impose a carbon tax in the US as a precaution against catastrophic climate change. […]

  • EIA data show 2.5 million-bbl US oil inventory drop
    on June 21, 2017 at 3:44 pm

    US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, decreased 2.5 million bbl to an estimated 509.1 million bbl total for the week ended June 16 compared with the previous week, the Energy Information Administration reported. […]