NGSA, API file brief in appeal of court’s NY emissions credit ruling

The Natural Gas Supply Association and the American Petroleum Institute jointly filed an Oct. 20 brief supporting an appeal of a New York federal district court’s decision supporting the state’s Zero Emissions Credits (ZEC) program, which utilities and others contend is a disguised attempt to subsidize nuclear power.   Source: News

CNOOC starts up vacuum residue unit at Huizhou refinery

CNOOC Oil & Petrochemicals Co. Ltd., the refining arm of China National Offshore Oil Corp., has commissioned a 4 million-tonne/year vacuum residue upgrading plant as part of the Phase 2 expansion of subsidiary CNOOC Huizhou Refining & Chemical Co. Ltd.’s 12 million-tpy integrated refining complex at the Daya Bay Economic & Technological Development Zone in Huizhou […]

23 Oct 2017 12:55:35 EDT – The latest stock information is now available for your stocks

XOM    Last 83.42  Change +0.31   % Change 0.37%   Volume 4,407,693   As of: 23 Oct 2017 12:55:35 EDT   View: Stock Quote |  News   CVX    Last 119.2  Change +0.56   % Change 0.47%   Volume 1,404,342   As of: 23 Oct 2017 12:55:35 EDT   View: Stock Quote |  News   COP    Last 50.37  Change +0.12   % […]

Watching Government: Keeping BOEM, BSEE separate

Let’s not mince words: Michael R. Bromwich thinks recombining the US Bureau of Ocean Energy Management and US Bureau of Safety and Environmental Enforcement is a terrible idea. It’s not simply because one of his last jobs at the Department of the Interior in 2011 was to divide the Bureau of Ocean Energy Management, Regulation, […]

Deloitte: Executives' confidence now 'cautious' for quick industry recovery

A majority of oil and gas executives expect the price of West Texas Intermediate crude to remain in the $40-50/bbl range in 2017, according to a recently released survey conducted by Deloitte. In its 2017 Oil & Gas Executive survey, released Oct. 11, 64% of executives held this view. Source: News

IEA forecasts 'roughly' balanced oil market in 2018 with possible price ceiling

Falling global crude oil stockpiles in 2017 will help put the market “roughly” into balance in 2018, but an increase in prices could be limited, especially if the Organization of Petroleum Exporting Countries doesn’t stick to its agreement to curb output, the International Energy Agency said. Source: News

Pruitt issues directive aimed at curbing 'sue-and-settle' litigation

Declaring that “the days of regulation through litigation are over,” US Environmental Protection Agency Administrator E. Scott Pruitt issued a directive on Oct. 16 aimed at increasing public participation and transparency in consent decrees and settlement agreements. Source: News