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US rig count adds nine on week, despite Permian drop: Platts Analytics

3 days ago DieselGasoil Comments Off on US rig count adds nine on week, despite Permian drop: Platts Analytics
Denver — Permian sheds seven rigs Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Gas production slowing in Appalachia, Haynesville US oil and natural gas rigs totaled 1,074 for the week ended May 22, according to data by S&P Global Platts Analytics. This represents a net increase of nine Read More

Oil potential remains abundant beyond shale

3 days ago DieselGasoil Comments Off on Oil potential remains abundant beyond shale
5/23/2019 HOUSTON — How does the oil and gas industry plan its future in the ever-changing operating environment? The Association of International Petroleum Negotiators (AIPN) International Petroleum Summit, held in Houston this week, focused on a number of themes which will help companies determine a strategy for the years ahead. The event is timely as Read More

Oil spiraled to its worst daily performance of 2019 as trade turmoil swamps confidence

3 days ago DieselGasoil Comments Off on Oil spiraled to its worst daily performance of 2019 as trade turmoil swamps confidence
By Alex Nussbaum and Grant Smith on 5/23/2019 NEW YORK (Bloomberg) — Futures in New York fell almost 6% on Thursday for the steepest decline since Dec. 24. Equity markets also slumped, with six of every seven companies in the S&P 500 Index dropping after China assailed American sanctions and U.S. lawmakers proposed a ban Read More

With US offshore plan likely scrapped, industry pursues changes to federal lease terms

3 days ago DieselGasoil Comments Off on With US offshore plan likely scrapped, industry pursues changes to federal lease terms
Highlights Lobbyists want royalty rates reduced, time limits extended Priority to expand into eastern Gulf meets Florida opposition Gulf output, forecast to average 2 million b/d, may soon peak Washington — A Trump administration plan to expand offshore oil and natural gas leasing to nearly all federal waters will likely be scrapped and redrawn, with Read More

US offshore oil and gas plan on pause, potentially for years

3 days ago DieselGasoil Comments Off on US offshore oil and gas plan on pause, potentially for years
Highlights Proposal for 47 lease sales likely to be scrapped Court ruling, opposition complicates path forward Work likely on hold until after 2020 election Washington — In January 2018, the Interior Department unveiled a draft proposed leasing plan to open nearly all federal waters to oil and gas drilling, but a federal judge’s ruling and Read More

Crude futures tumble with equities as US-China trade war continues

3 days ago DieselGasoil Comments Off on Crude futures tumble with equities as US-China trade war continues
Highlights US crude, product builds driving the decline Global demand growth concerns weigh Washington deadlock bearish New York — Crude futures fell to their lowest levels since mid-March Thursday on trade tensions between the US and China. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX July crude settled Read More

Texas RRC commissioners asses an additional $300,000+ in penalties during May 2019

3 days ago DieselGasoil Comments Off on Texas RRC commissioners asses an additional $300,000+ in penalties during May 2019
5/23/2019 Photo: U.S. pumpjack. AUSTIN – The Railroad Commission of Texas assessed $301,069 in fines involving 163 enforcement dockets against operators and businesses at the commissioners’ conference this week. The commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety.  Four operators were assessed $61,331 after failing to Read More

NCA appoints director to oversee production in growing nanotech business

3 days ago DieselGasoil Comments Off on NCA appoints director to oversee production in growing nanotech business
5/23/2019 PASADENA — Nissan Chemical America Corporation has appointed Keith Pace as director, operations. In his new role, Keith is responsible for overseeing the growth of the production plant in Pasadena as well as continued innovation of the company’s technologies, including its flagship line of nanoActiv products. Keith completed his degree in engineering technology at Read More

BP eyes US Gulf frontier exploration after years of focusing on tiebacks: executive

3 days ago DieselGasoil Comments Off on BP eyes US Gulf frontier exploration after years of focusing on tiebacks: executive
Houston — After years of pursuing a strategy of mostly tiebacks in the deepwater Gulf of Mexico during the recent industry downturn, BP said it will also now begin adding frontier exploration, a top US executive for the company has said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Read More