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MARKET WATCH: Oil prices off slightly at week’s end, but still elevated on Russia-Ukraine conflict

Jul 21, 2014

Crude oil futures prices declined slightly in trading July 18 but remained elevated for the week on news of continued conflict between Russia and Ukraine.

BOEM issues ROD for environmental review of G&G survey off Atlantic Coast

Jul 18, 2014

The US Bureau of Ocean Energy Management (BOEM) issued a record of decision (ROD) for environmental review of geological and geophysical (G&G) survey activities offshore the Atlantic Coast.

MARKET WATCH: Crude oil futures prices jump again

Jul 18, 2014

Crude oil futures prices jumped again July 17—the second dollar-plus gain in as many days.

Cheniere, EDF sign Corpus Christi LNG supply deal

Jul 18, 2014

Corpus Christi Liquefaction LLC (CCL), a subsidiary of Cheniere Energy Inc., Houston, has agreed to supply Electricite de France SA (EDF) with 380,000 tonnes/year of LNG on the start of operations of Train 2 of the LNG export facility under development near Corpus Christi, Tex.

SAFE: Report’s ‘flash points’ emphasize US transportation fuel problem

Jul 18, 2014

A proliferation of global oil geopolitical “flash points” makes it even more urgent for the US to aggressively reduce its dependence on crude oil for transportation fuels, according to speakers discussing a report issued by Securing America’s Future Energy (SAFE).

BLM director: Fee system needed for increased onshore well inspections

Jul 17, 2014

A shortage of inspectors, reduced budgets, and a record number of wells on public lands make the US Bureau of Land Management’s budget request for a fee system to increase its oil and gas inspection capacity necessary, BLM Director Neil Kornze said.

API: US petroleum demand up in June, second quarter

Jul 17, 2014

Total US petroleum deliveries, a measure of demand, rose 1.5% in June vs. a year ago to average just above 19 million b/d, according to the American Petroleum Institute’s most recent Monthly Statistics Report. For the second quarter, petroleum demand increased 1.5% compared with the same period last year.

Obama’s latest sanctions against Russia include oil, gas firms

Jul 17, 2014

In response to continued unrest in Ukraine, US President Barack Obama has announced new sanctions against Russia that include—for the first time—operations of Russian state-owned energy firms.


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