Oil and Gas Journal's News & Analysis
Wed, 16 Jan 2019 17:37:00 GMT
Don Baldridge, president of commercial for DCP Midstream, has been elected chairman of the Texas Pipeline Association (TPA).
Wed, 16 Jan 2019 17:16:00 GMT
Rystad Energy forecasts offshore spending will outgrow spending on onshore shale activities this year. Service companies exposed to the offshore subsea market and the maintenance, modifications, and operations (MMO) sector are set to benefit from this trend reversal.
Wed, 16 Jan 2019 16:40:00 GMT
US crude oil inventories for the week ended Jan. 11, excluding the Strategic Petroleum Reserve, decreased by 2.7 million bbl from the previous week, data from the US Energy Information Administration showed. At 437.1 million bbl, US crude oil inventories are about 8% above the 5-year average for this time of year, the report indicated.
Wed, 16 Jan 2019 16:08:00 GMT
Crude oil benchmarks jumped more than $1/bbl on the New York and London markets Jan. 15 with light, sweet crude oil prices for February and March settling above $52/bbl while Brent crude for March and April settled above $60/bbl in London.
Tue, 15 Jan 2019 21:19:00 GMT
Tue, 15 Jan 2019 17:18:00 GMT
The Colorado Supreme Court reversed a lower courtís decision that would have required the Colorado Oil & Gas Conservation Commission to consider potential health and climate impacts before authorizing more exploration and production. The suit was filed after COGCC rejected a late-2013 petition asking it to reject applications for new drilling permits unless they did not pose a human health or climate threat.