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Oil and Gas Journal's News & Analysis

Fri, 15 Feb 2019 23:03:00 GMT
Cassidy white paper responds to Democrats’ Green New Deal Resolution

Natural gas already is reducing US greenhouse gas emissions more effectively than what congressional Democrats proposed in their Green New Deal Resolution, US Sen. Bill Cassidy (R-La.), who chairs the Energy and Natural Resources Committee’s Energy Subcommittee, said on Feb. 14.

Fri, 15 Feb 2019 20:50:00 GMT
API: US oil industry broke several records in January

The US natural gas and oil industry broke several records in January, according to the latest Monthly Statistical Report from the American Petroleum Institute. US total petroleum demand, as measured by total domestic petroleum deliveries, was 20.7 million b/d in January, which was down 0.2% from December but up 1.1% compared with January 2018. This was the strongest petroleum demand for January since 2005.

Fri, 15 Feb 2019 18:49:00 GMT
PHMSA issues final rule to strengthen oil train spill preparedness

The US Pipeline and Hazardous Materials Safety Administration, in coordination with the Federal Railroad Administration, issued a final rule requiring railroads to develop and submit comprehensive oil spill response plans covering route segments used by high hazard flammable trains.

Fri, 15 Feb 2019 16:18:00 GMT
MARKET WATCH: Crude oil gains while US-China trade talks continue

Light, sweet crude oil prices gained for a third consecutive trading session on the New York market Feb. 14, settling above $54/bbl. Meanwhile, the gap between Brent and US futures widened with Brent settling at about a $10/bbl premium above light, sweet crude. Analysts said oil prices also climbed this week because of expectations that US President Donald Trump would extend a March deadline for implementing additional US tariffs on Chinese goods. Trade talks are continuing.

Fri, 15 Feb 2019 16:09:00 GMT
Vintage Energy acquires onshore Bonaparte gas permit

Vintage Energy has acquired 100% and operatorship of onshore Bonaparte basin permit EP 126 in the Northern Territory from Beach Energy. The 6,700-sq km permit stretches east from the border of Western Australia and Northern Territory to the Victoria River and contains the Cullen-1 wildcat drilled by Beach in 2014 that encountered strong natural gas shows in a thick fractured carbonate reservoir.

Thu, 14 Feb 2019 18:50:00 GMT
BSEE issues report of investigation into Petrobras drillship fatality

A lack of training, familiarity, and experience with the drill floor equipment and drillship layout could have contributed to the Dec. 2, 2017, accident that killed a floor hand aboard the Petrobras 10000 drillship working in the Gulf of Mexico’s Walker Ridge 469 area, the US Bureau of Safety and Environmental Enforcement said in a Feb. 13 report of its investigation into the incident.