On Jan. 1, members of the Organization of Petroleum Exporting Countries as well as several non-OPEC producers were supposed to begin curtailment of crude oil output in an attempt to hasten market rebalancing (OGJ Online, Dec. 13, 2016). It’s the first such joint deal in 15 years. Source: News

Per custom, the president who pressed an 8-year regulatory siege against the US oil and gas industry is scripting his legacy. But the political legacy can’t be ignored. Source: News

Cary Bounds has been appointed chief executive officer of Vaalco Energy Inc. on a permanent basis effective Dec. 29, 2016. He assumed the interim role on Sept. 1 following the retirement of Steve Guidry. Source: News

The US Bureau of Ocean Energy Management has denied six pending applications to conduct offshore oil and gas geological and geophysical (G&G) surveys on the US South and Mid-Atlantic Outer Continental Shelf. The Jan. 6 move came more than 4 years after BOEM set the stage for what would have been the first seismic evaluation […]

DCP Midstream LLC, the Denver-based 50-50 joint venture of Phillips 66 and Spectra Energy Corp., and DCP Midstream Partners LP (DMP) have signed a definitive merger agreement under which the companies will combine their businesses to form a new entity that, by late January, will be the largest NGL producer and gas processor in the […]

Jean Gould has joined the Petroleum Equipment and Services Administration (PESA) as senior director of public policy. Source: News

The US drilling rig count began the new year with its eighth consecutive weekly rise and 28th increase of the past 32 weeks that comprise the recent drilling rebound. Source: News