BOEM issues final offshore oil and gas leasing rule

The US Bureau of Ocean Energy Management issued a final offshore oil and gas leasing rule that it said would reorganize and reorder regulations for clarity, eliminate redundant or otherwise unnecessary text, and add new definitions and sections to standardize or clarify practices in all three BOEM US Outer Continental Shelf regional offices. Source: […]


Louisiana governor, House members protest BSEE well-control proposal

The US Bureau of Safety and Environmental Enforcement’s proposed offshore well-control rule would be too costly and could curtail oil and gas activity in the Gulf of Mexico, Louisiana Gov. John Bel Edwards (D) and members of the state’s US House delegation said in separate protests. Source: News


MARKET WATCH: NYMEX, Brent oil prices edging down on weak fundamentals

Light, sweet crude oil prices for May delivery fell 7¢ on Mar. 28, continuing downward momentum that started before the long Easter holiday weekend. Oil prices continued falling in light trading early Mar. 29 ahead of a scheduled speech from Federal Reserve Chair Janet Yellen. Source: News