Controversy over marketing of last year’s nuclear deal has revived senseless assertions that Iran has no moderates. Source: News
27 May 2016 16:00:00 EDT – The latest stock information is now available for your stocks
XOM Last 90.01 Change +0.21 % Change 0.23% Volume 7,505,941 As of: 27 May 2016 16:00:00 EDT View: Stock Quote | News CVX Last 102.02 Change +0.52 […]
BSEE, BOEM issue Southern California OCS well-stimulation analysis
A comprehensive environmental analysis of 23 offshore oil and gas platforms operating on the US Outer Continental Shelf off Southern California found no significant impact from the use of well stimulation treatments there, the US Bureau of Safety and Environmental Enforcement and the Bureau of Ocean Energy Management jointly reported. Source: News
BHI: Unchanged at 404, US rig count ends 22-week slide
The overall US rig count heads into the Memorial Day weekend unchanged compared with the week-ago total, a sign that the US drilling segment could finally be stabilizing. Source: News
Mubadala, Oxy withdraw from Bahrain venture
Mubadala Petroleum and Occidental Petroleum Corp. have withdrawn from Tatweer Petroleum, a joint venture formed in 2009 to redevelop Bahrain oil field, according to press reports. Source: News
Mid-Con divests Hugoton oil, gas assets
Mid-Con Energy Partners LP, Dallas, through its wholly owned subsidiary Mid-Con Energy Properties LLC, reported that it has entered into a definitive agreement to sell oil and natural gas assets in the Hugoton area for $18 million. The assets are being acquired by an undisclosed and unaffiliated buyer. Source: News
EIA: US gasoline prices lowest since 2009 ahead of holiday weekend
US retail gasoline prices averaged $2.32/gal on May 23, a 47¢/gal drop from the same time last year, and the lowest average price just before the Memorial Day holiday weekend since 2009, according to the US Energy Information Administration. Source: News
Chevron gains environmental approval for Gorgon Train 4
The Australian government has granted environmental approval to Chevron Australia Pty. Ltd. for Train 4 at the firm’s $54-billion Gorgon-Jansz LNG plant on Barrow Island off Western Australia. Source: News
Rosneft, Pertamina ink deal for integrated refining complex
Russia’s OJSC Rosneft and PT Pertamina (Persoro) of Indonesia have signed a framework agreement to cooperate on development of a grassroots refining and petrochemical complex to be built at Tuban, in East Java, Indonesia. Source: News
MARKET WATCH: Crude prices retreat after briefly eclipsing $50/bbl
Crude oil prices briefly rose above the $50/bbl threshold on May 26 before ending the day down slightly. Those losses continued as trading began on May 27 on reports of a strengthening US dollar. Source: News