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Oil and Gas Journal's News & Analysis

Fri, 19 Jan 2018 18:15:00 GMT
IEA: Oil market tightens; US output to top Saudis in 2018

The price of Brent crude oil reached above $70/bbl early this week, the first time since the Organization of Petroleum Exporting Countries’ “market share” ministerial meeting in December 2014. The factors affecting this upward movement include the possible unravelling of the Iran nuclear deal and recent demonstrations in the country, disruption to Libya’s oil industry, and closure of the Forties pipeline system.

Fri, 19 Jan 2018 16:03:00 GMT
MARKET WATCH: NYMEX crude settles at $63.95/bbl after volatile trading

Light, sweet crude oil for February delivery fell slightly on the New York market after swinging between a high of $64.35/bbl and a low of $63.47/bbl during the Jan. 18 trading session. Brent edged down a few cents, settling above $69/bbl.

Thu, 18 Jan 2018 18:53:00 GMT
Robertson named Endeavor Energy Resources COO

Lance Robertson has joined Endeavor Energy Resources LP, Midland, as chief operating officer and senior vice-president of development. 

Thu, 18 Jan 2018 18:47:00 GMT
GOP senators introduce bill to reform onshore energy policies

Five Republican US senators introduced legislation aimed at reforming federal onshore oil and gas policies by giving states authority to manage permitting and regulatory responsibilities on federal land within their borders.

Thu, 18 Jan 2018 18:39:00 GMT
Pipeline opponents suggest reforms to FERC’s project review process

A coalition of natural gas pipeline opponents suggested eight reforms to the US Federal Energy Regulatory Commission’s project review process in response to FERC Chairman Kevin McIntyre’s December 2017 announcement that the process will be reexamined as part of an overall fresh look at the commission’s operations.

Thu, 18 Jan 2018 18:31:00 GMT
Group repeats threat against Nigerian oil

A militant group whose attacks slashed Nigerian oil production in 2016 has repeated a threat it made last November to renew and expand the violence. On its web site, the group, Niger Delta Avengers, said deepwater production equipment would be targeted.