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Oil and Gas Journal's News & Analysis

Wed, 16 Jan 2019 17:37:00 GMT
Baldridge elected chairman of TPA

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: Offshore service market growth to outpace shale in 2019

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
EIA: US crude inventories down 2.7 million bbl

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
MARKET WATCH: NYMEX oil price tops $52/bbl, Brent tops $60/bbl

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
Oil Search expands Alaskan portfolio
Oil Search Ltd., Port Moresby and Sydney, has expanded its acreage position on the North Slope of Alaska following the recent 2018 Alaska Lease round with the acquisition of interests in prospective blocks close to and adjacent to its existing position in the Pikka Unit east of Prudhoe Bay.

Tue, 15 Jan 2019 17:18:00 GMT
Colorado Supreme Court reverses impact analysis requirement ruling

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.