EnQuest PLC encountered a 67-ft thick oil-bearing column in the Fulmar in its Eagle exploration well in the Greater Kittiwake Area (GKA) in the Central North Sea. The company did not encounter an oil-water contact, which it said represented potential upside volumes on the flank of the structure. Source: News
Senate to vote on new revenue-sharing bill
US Senate leaders indicate they’ll support a vote later this year on legislation supported by industry groups changing how states share revenue from oil and gas produced on federal land. Source: News
Industry groups slam new US royalty rule
The US Department of the Interior has published a final rule that industry groups fear will enable federal officials to second-guess oil and gas values used in royalty calculations. Source: News
1 Jul 2016 12:59:35 EDT – The latest stock information is now available for your stocks
XOM Last 93.47 Change –0.27 % Change 0.29% Volume 4,504,448 As of: 1 Jul 2016 12:59:35 EDT View: Stock Quote | News CVX Last 103.91 Change –0.92 % Change 0.88% Volume 3,046,898 As of: 1 Jul 2016 12:59:35 EDT View: Stock Quote | News COP Last 43.735 Change +0.135 % […]
EIA: US oil output fell 8% year-over-year in April
US crude oil production during April amounted to 8.933 million b/d, a decline of 2.5% from the March average and 7.9% from the April 2015 average, according to the US Energy Information Administration’s latest monthly production survey. Source: News
InterOil gets takeover bid to rival $2.2-billion offer from Oil Search
Papua New Guinea exploration company InterOil Corp. has received another takeover offer, this time from an unnamed bidder. The offer poses a rival bid to the friendly $2.2-billion offer received from Oil Search Ltd. in May. Source: News
Cedigaz: Global gas demand to rise 1.6%/year over 2014-35
Worldwide natural gas demand is expected to rise 1.6%/year during 2014-35, driven by emerging markets, electric power generation, and industry, according to a recent outlook from Cedigaz. Source: News
1 Jul 2016 12:19:28 EDT – The latest stock information is now available for your stocks
XOM Last 93.29 Change –0.45 % Change 0.48% Volume 4,042,839 As of: 1 Jul 2016 12:19:28 EDT View: Stock Quote | News CVX Last 103.99 Change –0.84 % Change 0.8% Volume 2,654,905 As of: 1 Jul 2016 12:19:28 EDT View: Stock Quote | News COP Last 43.728 Change +0.128 % […]
Kris Energy names Macdonald interim chief executive officer
Jeffery S. Macdonald is assuming the role of interim chief executive officer of Kris Energy Ltd. He succeeds Keith Cameron, who is retiring. Source: News
Tangguh LNG partners reach FID for expansion in Indonesia
Partners in the Tangguh production-sharing contract have taken a final investment decision (FID) for development of the Tangguh LNG expansion project in the Papua Barat province of Indonesia. Source: News