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Oil and Gas Journal's News & Analysis

Fri, 22 Jun 2018 17:56:00 GMT
Baker Hughes: US rig count drops 7 units to 1,052

The US drilling rig count reached 1,052 units working for the week ended June 22, down 7 rigs from a week ago, according to Baker Hughes data. The count is up 111 units from this time a year ago when the count stood at 941.

Fri, 22 Jun 2018 17:48:00 GMT
Australia’s EMO says gas shortfall averted until 2030

Running against the tide of earlier opinions, the Australian Energy Market Operator has declared that the forecast domestic gas shortfall for Australia’s east coast predicted last year has been averted.

Fri, 22 Jun 2018 16:44:00 GMT
BLM issues final EIS for major natural gas project in Wyoming

The US Bureau of Land Management issued a final environmental impact statement for the proposed Normally Pressured Lance natural gas development project in Wyoming. The June 21 action came about 30 days before a final decision was reached on the project, which would be south and west of Jonah field in Sublette County.

Fri, 22 Jun 2018 15:34:00 GMT
MARKET WATCH: Brent crude drops more than $1/bbl ahead of OPEC meeting

Brent crude oil prices dropped more than $1/bbl on the London market June 21 on the eve of a meeting in Vienna by the Organization of Petroleum Exporting Countries, which agreed on no more than 100% compliance with its existing production-cut targets of 1.2 million b/d.

Thu, 21 Jun 2018 20:01:00 GMT
Repsol sells permits in Papua New Guinea

Spanish firm Repsol SA will sell its exploration and development permits in Papua New Guinea to Chinese company Balang International. Repsol has not disclosed the transaction amount.

Thu, 21 Jun 2018 19:40:00 GMT
ExxonMobil’s Altona refinery to expand crude storage

ExxonMobil Corp. subsidiary Mobil Refining Australia Pty. Ltd. plans to expand crude storage capacity at its 80,000-b/d Altona refinery in Victoria, 13 km west of Melbourne, as part of its strategy to improve efficiency of its local refining and supply operations to help meet Australia’s growing demand for transportation fuels.