OTC: Zinke signs orders implementing Trump’s offshore energy directive

US Interior Sec. Ryan Zinke signed a pair of orders on May 1 that implement President Donald Trump’s Apr. 28 offshore oil and gas executive order, and create a new position—Counselor to the Secretary for Energy Policy—to coordinate Interior’s energy portfolio that spans 9 of DOI’s 10 bureaus. Source: News


OTC: Mexico implementing energy reforms despite low oil prices

Mexico has implemented government regulations to advance its energy reforms regardless of the oil-price slump, Aldo Flores Quiroga, Mexico’s deputy secretary of energy for hydrocarbons, said during a May 1 speech at the Offshore Technology Conference in Houston. Source: News


Seadrill to sell three jack ups to Shelf Drilling

Seadrill Ltd. of Hamilton, Bermuda, said it agreed to sell three jack ups to Shelf Drilling of Dubai for $225 million with sale proceeds amounting to $123 million after paying outstanding debt. Seadrill is restructuring its debt arrangements with lenders. Source: News


MARKET WATCH: NYMEX crude oil for June settles below $49/bbl

US light, sweet crude oil futures fell modestly May 1 to settle just below $49/bbl, which analysts attributed to falling gasoline prices and concerns about rising US oil production adding to an already oversupplied world crude oil market. Source: News


Centennial to enter northern Delaware basin

Centennial Resource Development Inc. has agreed to buy 11,860 net acres in Lea County of southern New Mexico, directly north of the Red Hills area, from fellow Denver firm GMT Exploration Co. for $350 million in cash. Source: News