• UNCTAD report urges developing countries to view fracing cautiously
    on May 25, 2018 at 3:52 pm

    Countries seeking ways to increase access to energy should view hydraulic fracturing cautiously because of possible gaps in local geological and hydrological knowledge, inadequate regulatory environments, and diversion of resources from renewable energy source, a United Nations Conference on Trade and Development (UNCTAD) report recommended on May 24. […]

  • MARKET WATCH: US crude oil prices follow equity markets down
    on May 25, 2018 at 3:18 pm

    Oil futures prices eased May 24 on both London and New York markets. Light, sweet oil prices followed a fall in US equity markets after US President Donald Trump’s announcement calling off a summit with North Korea. […]

  • Callon to buy certain Permian basin assets from Cimarex for $570 million
    on May 24, 2018 at 8:41 pm

    Callon Petroleum, Natchez, Miss., will acquire from Cimarex Energy Co., Denver, certain oil and gas properties principally in Ward County, Tex., for $570 million cash. […]

  • A unified Europe is essential to its energy security, forum told
    on May 24, 2018 at 8:12 pm

    European governments must resist letting controversial proposed projects such as the Nord Stream 2 natural gas pipeline keep them from developing a unified strategy to prevent Russian energy interventions, speakers agreed at a May 24 Atlantic Council forum.&nbs […]

  • OGA reports awards for 30th offshore licensing round
    on May 24, 2018 at 4:49 pm

    The UK Oil & Gas Authority (OGA) has offered for award 123 licenses over 229 blocks or partial blocks to 61 companies in the 30th Offshore Licensing Round. The round was launched on July 25, 2017, and closed for applications on Nov. 21, 2017. Locations vary across the UK Continental Shelf.&nbs […]

  • Most of RAK on offer in licensing round
    on May 24, 2018 at 4:17 pm

    Bids are due in November in an oil and gas licensing round covering most of Ras Al Khaimah, the northernmost member of the United Arab Emirates. The government opened data rooms in the emirate and London last month for seven blocks, four in shallow water and three onshore. The blocks cover 4,340 sq km. […]

  • US Senate Democrats ask Trump to act on rising gasoline prices
    on May 24, 2018 at 4:07 pm

    Four US Senate Democrats, including Ranking Minority Member Charles E. Schumer (NY) and Energy and Natural Resources Committee Ranking Minority Member Maria E. Cantwell (Wash.), have asked President Donald Trump to act in response to rising gasoline prices as the summer driving season gets under way. […]

  • MARKET WATCH: Brent crude price nears $80/bbl again
    on May 24, 2018 at 3:32 pm

    Brent crude oil prices gained modestly during the May 23 trading session in London to approach $80/bbl. Traders and analysts awaited news from a meeting of oil ministers in Russia that includes some Middle Eastern officials. […]

  • US House panel examines improved US resource position, geopolitics
    on May 23, 2018 at 5:18 pm

    A dramatically improved US oil and gas resources outlook in the last 10 years has created important geopolitical and trade opportunities while making the country more secure in energy and economic terms, witnesses told a US House Foreign Affairs subcommittee on May 22. […]

  • ExxonMobil plans 15% decrease in methane emissions
    on May 23, 2018 at 5:04 pm

    ExxonMobil Corp. reported greenhouse gas reduction measures that are expected to decrease its methane emissions by 15% and flaring by 25% by 2020. Efficiency improvements in its refining and chemical manufacturing facilities also are planned.&nbs […]

  • Sanchez, Targa expand midstream joint venture in South Texas
    on May 23, 2018 at 4:22 pm

    Sanchez Midstream Partners and Targa Resources have merged their respective 50% interests in the entities that own the high-pressure Carnero gathering line and Raptor gas processing facility to form an expanded 50-50 joint venture in South Texas.&nbs […]

  • BC lawsuit challenges Alberta’s Bill 12
    on May 23, 2018 at 4:12 pm

    The British Columbia government has filed a lawsuit challenging legislation that empowers Alberta’s energy minister to require licenses for transport of energy away from the province. The Alberta Legislative Assembly passed Bill 12 this month in response to BC opposition to expansion by Kinder Morgan of the Trans Mountain Pipeline between Edmonton and Burnaby, BC. &nbs […]