Concerns over the Trump administration’s trade and tariff policies are rising as now months-old regulations involving steel are expected to have continued inflation pressure on oil and gas companies. Source: News
Helping ethanol again
Nothing helps fuel ethanol more than an imminent political contest. Fuel ethanol feeds on political contests. Source: News
Acronym ≠ abbreviation
Knowing their fret affects little, old editors gripe about lapses of diction anyway. They cannot help it. When language falls victim to the unknowing, careless, or lazy, they react. Although the reaction does little good, griping about trifles can be fun. Source: News
Equinor considers tie-in following Skruis oil discovery
Equinor ASA and its partners are considering a tie-in of the Skruis (7220/5-3) exploration well drilled in production license 532 in the Barents Sea to Johan Castberg oil field following confirmation of 12-25 million bbl of recoverable oil. Source: News
Denbury to acquire Penn Virginia in $1.7-billion deal
Denbury Resources reported it would acquire and merge with Penn Virginia in a $1.7-billion deal that Denbury says would offer the combine short-cycle investment optionality and future enhanced oil recovery potential in the oil window of the Eagle Ford shale. The combine would hold an industry-leading oil weighting with 94% liquids production and 90% oil […]
New Zealand Oil & Gas farms into Ironbark prospect
New Zealand Oil & Gas Ltd. (NZOG), Wellington, reached a conditional agreement to farm into the Western Australian North West Shelf permit WA-359-P that contains the large, undrilled Ironbark prospect. The permit is held by Cue Energy Resources Ltd., which is a 50.01%-owned subsidiary of NZOG. Source: News
Vedanta receives Rajasthan PSC extension
Vedanta Ltd. unit Cairn Oil & Gas has received its court-directed extension of the production-sharing contract covering oil and gas production in Rajasthan, India. The Ministry of Petroleum and Natural Gas of India extended the PSC for the RJ-ON-90/1 block by 10 years from May 15, 2020, the day after the scheduled expiration. Source: News
MARKET WATCH: Crude oil benchmarks end week higher
Crude oil benchmarks closed modestly higher on Oct. 26, approaching the end of a month in which volatility in global stock markets caused swings back and forth from steep losses to small gains. Analysts said the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite were on track for their worst month in more than […]
Canadian government federalizes energy in four provinces
Canada has tightened the noose with which it’s choking itself. The Liberal government of Justin Trudeau on Oct. 23 kept his promise to regulate provinces not meeting federal standards for sacrificial response to climate change. Source: News
Eni joins effort to add electric chargers
Eni SPA and IONITY, a joint venture of automakers, have signed a framework agreement covering installation of high-power chargers for electric cars at the oil company’s service stations. Source: News