EIA: US crude inventories up 9.9 million bbl

US crude oil inventories for the week ended Apr. 26, excluding the Strategic Petroleum Reserve, increased by 9.9 million bbl from the previous week, according to data from the US Energy Information Administration. Source: News

MARKET WATCH: NYMEX crude price approaches $64/bbl

Light, sweet crude oil for June delivery gained modestly to approach $64/bbl on the New York market Apr. 30 while the Brent contract for June held unchanged at just above $72/bbl in London. Source: News

Strat test probes gas hydrates in Alaska

A stratigraphic test operated by BP Exploration (Alaska) Inc. at Prudhoe Bay has confirmed two gas hydrate reservoirs for further testing in a three-well joint program of the US Geological Survey, US Department of Energy’s National Energy Technology Laboratory, and Japan Oil, Gas, and Metals National Corp. Source: News

Denbury Onshore agrees to pay $3.5 million to settle EPA allegations

Denbury Onshore LLC agreed to implement an injunction relief program including a risk-based program to prevent future crude oil spills and pay a $3.5 million fine to settle US Environmental Protection Agency charges that it violated the federal Clean Water and Oil Pollution Acts, EPA’s Region 4 in Atlanta announced on Apr. 29. Source: News

Total, Tatweer eye E&P, LNG cooperation

Total and Tatweer Petroleum—Bahrain Field Develop Co., have signed a memorandum of understanding for cooperation in oil and gas exploration, knowledge sharing, and supply of LNG to Bahrain. Source: News

ConocoPhillips reports 1Q earnings gains

ConocoPhillips reported first-quarter 2019 earnings of $1.8 billion compared with first-quarter 2018 earnings of $900,000 million. Excluding special items, first-quarter adjusted earnings were $1.1 billion compared with first-quarter 2018 adjusted earnings of $1.1 billion. Source: News