PNG-LNG project operator ExxonMobil says preliminary assessment of the damage to its facilities in the Southern Highlands from last week’s earthquakes indicates it may take up to eight weeks to repair and restore production. Source: News

North Sea Brent crude oil price averaged $65/bbl in February, a decrease of $4/bbl from January. The US Energy Information Administration expects prices to decline gradually, averaging $60/bbl in the second half of this year, according to its most recent Short-Term Energy Outlook. Source: News

Within a single week, US Environmental Protection Agency Administrator E. Scott Pruitt held a 2-day listening session with state and local government officials, oil and gas producers, and other stakeholders in Denver. US Sec. of the Interior Ryan Zinke, meanwhile, postponed two onshore oil and gas lease sales in response to expressions of concern from […]

Ambition follows naturally from effective and historically durable coordination of oil production. The Organization of Petroleum Exporting Countries might indefinitely extend the successful effort by itself and nonmember helpers to levitate the price of crude oil by limiting supply. Suhail Al Masrouei, the United Arab Emirates minister of energy and industry and 2018 president of […]

Real writers write. They write words, sentences, and paragraphs, which they assemble into hopefully coherent compositions of various type. They do not say, as nonwriters nowadays so often do, that they create content. Source: News

Oil and gas market forecasts have a new footnote for its list of possibilities that, if any materialized, would knock projections haywire. Source: News

While the offshore oil and gas industry has made substantial progress in improving subsea bolts’ reliability, multiple opportunities exist for it and the US Bureau of Safety and Environmental Enforcement to work together and establish a forum to do more, a committee at the National Academies of Science, Engineering, and Medicine concluded in a new […]

The American Petroleum Institute released new studies showing potential economic benefits to states and communities along the Atlantic, Pacific, Alaskan, and eastern Gulf of Mexico portions of the US Outer Continental Shelf if oil and gas resources are developed there. Source: News