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Oil and Gas Journal's News & Analysis

Tue, 22 May 2018 18:21:00 GMT
Industry, government seen better prepared for 2018 hurricane season

Governments at every level and all parts of the US oil and gas industry have learned from past extreme weather events and are better prepared for the 2018 Atlantic Hurricane Season, officials from six national trade associations generally agreed on May 22. 

Tue, 22 May 2018 16:04:00 GMT
Chemical Safety Board chair to resign next month

US Chemical Safety Board Chair and Chief Executive Vanessa Allen Sutherland announced she will resign next month. Board members will be required to vote on an interim executive, unless and until the White House nominates and the Senate confirms a new chair, the 20-year-old independent federal agency said on May 21.

Tue, 22 May 2018 15:51:00 GMT
Buru Energy farms out half of Ungani oil field

Roc Oil Co. Ltd., a wholly owned subsidiary of Hong Kong-based Fosun International Ltd., has agreed to acquire 50% interest in Perth firm Buru Energy Ltd.ís Ungani oil field production licenses L20 and L21 in the onshore Canning basin of Western Australia for $64 million (Aus.).

Tue, 22 May 2018 14:49:00 GMT
MARKET WATCH: Crude oil benchmarks gain after US demands on Iran

Brent crude oil prices approached $80/bbl during the May 22 trading session in London a day after US Sec. of State Mike Pompeo outlined demands on May 21 that Iran must meet before US officials would agree to enter a new nuclear agreement with Iran.


Mon, 21 May 2018 21:14:00 GMT
Ingram adds exploration to Anadarko role

Mitch Ingram has been named executive vice-president, international, deep water, and exploration at Anadarko Petroleum Corp. He will oversee international and deepwater operations as well as global exploration and project management.

Mon, 21 May 2018 19:08:00 GMT
DOD report suggests limits to oil, gas activity in eastern gulf
The US Department of Defense considers the eastern Gulf of Mexico an irreplaceable national asset for developing and maintaining combat force readiness where sufficient surface limits and activity restrictions would need to be developed if oil and gas exploration and production was to be allowed there, DOD said.