Trump issues updated presidential permit for Keystone XL pipeline

President Donald J. Trump issued an updated presidential permit for the proposed Keystone XL crude oil pipeline on Mar. 29. The move was seen as an attempt to jump-start the project’s construction after a federal judge in Montana blocked it in November and ordered further environmental reviews. Source: News

Analysts: US crude export capacity can handle pipeline surge

As oil pipelines come online in the Permian basin, will the bottleneck depressing wellhead prices just move to Gulf Coast export terminals? No, according to a Mar. 29 research note from Cowen Equity Research. Source: News

Proposed year-round E15 sales would be a mistake, API official warns

The US Environmental Protection Agency’s proposal to allow gasoline with a 15% ethanol blend to be sold year-round would be a mistake if it was implemented, an American Petroleum Institute official testified on Mar. 29.  Source: News

Gazprom to acquire Kyrgyzneftegaz assets

Officials of state-owned Gazprom and the government of Kyrgyzstan have signed what they describe as a “roadmap” for the Russian company’s acquisition of the assets of Kyrgyzneftegaz. Source: News

Baker Hughes: US rig count down 10 units to 1,006

The US drilling rig count is down 10 units to 1,006 rigs working for the week ended Mar. 29, according to Baker Hughes data. The count is up 13 units from the 993 rigs working this time a year ago. Source: News

MARKET WATCH: Oil price benchmarks edge down awaiting clear OPEC strategy

Light, sweet crude oil prices fell slightly on the New York market Mar. 28 and Brent crude oil for May nudged down by only a penny on the London market while investors watched for more definite indicators regarding future oil supply and demand worldwide. Source: News

Neptune to develop Seagull field off UK

Neptune Energy and partners plan to start production from high-pressure, high-temperature Seagull oil field in the Central UK North Sea by the end of 2021. Source: News

HPCL due heavy equipment for Visakh refinery revamp

Hindustan Petroleum Corp. Ltd. will receive major heavy equipment ahead of schedule that is to be installed as part of its previously announced program to expand and modernize its 166,700-b/d Vishakhapatnam (Visakh) refinery in Andhra Pradesh on India’s southeastern coast. Source: News

Bernhardt pledges highest ethics if confirmed as Interior secretary

Acting US Interior Sec. David Bernhardt answered environmental and other groups’ assertions that he would cater to oil and gas interests which were clients when he was in the private sector with a pledge to remain committed to the highest ethics possible if the full US Senate confirms his nomination as secretary. Source: News