Archive for the ‘Government’ Category
Philippines rescinds farmout-farmin ban
May 31st, 2019 by Latest News
The government of the Philippines has lifted a 13-year-old ban on farmouts and farmins by the state oil company.
Pressure on this summer’s natural gas prices is likely to be neutral compared with last summer, despite expectations for record-setting summer demand, the Natural Gas Supply Association said in its 2019 Summer Outlook assessment. Gas production is expe…
EIA: US crude inventories down 300,000 bbl
May 30th, 2019 by Latest News
US crude oil inventories for the week ended May 24, excluding the Strategic Petroleum Reserve, decreased by 300,000 bbl from the previous week, according to data from the US Energy Information Administration. The weekly inventory report was released a …
MARKET WATCH: NYMEX, Brent oil prices fall
May 30th, 2019 by Latest News
Light, sweet oil for July dropped to settle under $59/bbl on the New York market May 29 while Brent prices dropped to below $70/bbl for the July delivery contract, but the benchmarks did not plummet by more than $3/bbl as they did a few days earlier on…
NMFS proposes IHA for Hilcorp project in Alaska
May 29th, 2019 by Latest News
The National Marine and Fisheries Service proposed authorizing incidental harassment approval (IHA) of marine mammals on May 28 during construction and operation of Hilcorp’s proposed Liberty Drilling and Production Island in Alaska. The proposed rule …
The US Department of Energy authorized additional exports of domestically produced natural gas from the Freeport LNG project on Quintana Island in Texas. The May 28 order said the project’s sponsors can export the equivalent of 262.8 bcfd of gas from t…
Eni farms in to blocks offshore Mozambique
May 29th, 2019 by Latest News
An Eni SPA subsidiary has farmed in to three blocks offshore Mozambique in an agreement with ExxonMobil Mozambique Exploration & Production Ltd., the operator.
US Interior Sec. David L. Bernhardt agreed to defer oil and gas leasing near Chaco Canyon in New Mexico following a visit with tribal leaders in the area, US Sen. Martin T. Heinrich (D-NM) reported.
Thirty-four Democrats on California’s congressional delegation, including Sens. Dianne Feinstein and Kamala D. Harris, expressed their strong opposition to the US Bureau of Land Management’s plans to open more than 2 million acres of land in the state …
Oil prices climbed May 28 for a second trading session with light, sweet crude oil for both the July and August contracts settling above $59/bbl as traders returned after a long Memorial Day weekend.