More Economics & Oil Market News

US should reexamine Jones Act, Tesoro’s CEO recommends

Tesoro Corp. Chief Executive Officer Gregory J. Goff called for a review of the Jones Act, a federal law dating from the 1920s that requires US-produced goods moving between US ports to do so aboard US-flagged vessels.

MARKET WATCH: NYMEX crude oil prices fall below $91/bbl

Crude oil futures prices on the New York market settled below $91/bbl on Oct. 1 and fell below $90/bbl in early trading on Oct. 2. Meanwhile in London, Brent crude oil prices hovered around $94/bbl.

Reworked LNG export policy should consider longer term, speaker says

The US should consider how a reformed LNG exports policy could help facilitate a longer-term transition to renewable and alternative energy sources, a former US Department of State official suggested.

NGSA forecasts lower winter gas prices on a combined analysis

In its 14th annual Winter Outlook assessment of the natural gas market, the Natural Gas Supply Association (NGSA) expects downward price pressure on the natural gas market compared with last winter.

MARKET WATCH: Crude oil futures dip on reported OPEC output level

Oil prices dropped steeply on the New York and London markets Sept. 30, which analysts largely attributed to a wire service story that the Organization of Petroleum Exporting Countries increased its output levels through higher production from Saudi Arabia and Libya.

Oil & Gas UK report calls for greater collaboration offshore

The assurance of long-term future success for the UK’s offshore oil and gas industry will depend largely on greater collaboration among industry and government participants, according to Oil & Gas UK’s Economic Report 2014, released Sept. 30.

MARKET WATCH: NYMEX crude oil up more than $1/bbl

Crude oil prices rose more than $1/bbl on the New York market Sept. 29, and the premium of Brent crude over US light, sweet crude was less than $3/bbl as Brent for November delivery rose only modestly.

MARKET WATCH: Crude oil, natural gas futures end week higher

The New York Mercantile Exchange November crude oil contract gained $1.01 on Sept. 26, closing at $93.54/bbl. The December gained 84¢ to $92.62/bbl.

BP denies Trinidad and Tobago gas shortage direct result of lower production, maintenance

BP PLC has denied that the recent gas shortage in Trinidad and Tobago is the primary result of insufficient gas production or the company’s own heightened maintenance activity.

MARKET WATCH: Oil, gas futures prices remain flat

The New York Mercantile Exchange November crude oil contract dropped 27¢ on Sept. 25, closing at $92.53/bbl. The December contract dropped 29¢ to $91.78/bbl.

MARKET WATCH: Crude oil, natural gas futures making gains

The New York Mercantile Exchange November crude oil contract was up $1.24 on Sept. 24, closing at $92.80/bbl. The December contract was up $1.16 to $92.07/bbl.

US crude exports aren’t simply a ‘yes-no’ issue, law firm forum told

The question of whether the US should remove restrictions on crude oil exports is so complex that it has moved beyond a simple “yes-no” issue, speakers agreed during a Sept. 23 discussion hosted by Washington law firm Arent Fox LLP.

MARKET WATCH: Crude oil futures price up, gas down in mixed market

West Texas Intermediate oil prices rose while Henry Hub natural gas prices declined in mixed futures markets Sept. 23. The day marked the carry-out date of the first US-led coalition airstrikes inside Syria.

Investors watch with interest as Mexican energy reforms unfold

Mexico is implementing key aspects of its energy reform more quickly than some observers had expected. So far this year, the country has passed 21 new and amended laws relating to the sector and selected the oil and gas fields that will be placed on the block in the country’s first competitive upstream bid round, set for mid-2015.

IHS: Unconventional supply chain industries support growing number of jobs, revenues

A diverse group of industries supporting unconventional oil and gas producers has reaped a large portion of the economic rewards from development of these previously untapped resources, highlights an IHS study released Sept. 23.

Market Connections

Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corporate mission is to help feed the world affordable, wholesome food by supplying superior goods and services to the leading commercial food producers worldwide. The company owns the world's largest methionine plant located at Chocolate Bayou, Texas and is in the early stages of building another plant at a site on the gulf coast of Texas or Louisiana.

Sr. Process Engineers

Novus International, Inc., a $1B+ privately held company, is a global leader in developing animal health and nutrition solutions. The Novus corpora...
EOR ENGINEERS CCUS-specialized Co. seeking 2 EOR  engineers w/ 10+ yrs field exp. to design  & lead CO2 EOR projects in China.  Immediate hire.  Contact Evelyn Ray: erayking888@gmail.com or 917-864-2649

EOR ENGINEERS

EOR ENGINEERS CCUS-specialized Co. seeking 2 EOR engineers w/ 10+ yrs field exp. to design & lead CO2 EOR projects in China. Immediate hire. Co...
NOW HIRING: QHSSE. Miami, FL, Overland Park, MO or Plymouth, MN.

NOW HIRING: QHSSE

NOW HIRING: QHSSE. Miami, FL, Overland Park, MO or Plymouth, MN.

 

Director of Technical Services: The Gas Processors Association, an international trade association, has an opening for an engineer to assume the duties of Director of Technical Services.  GPA is based in Tulsa, Oklahoma and has been the primary advocate for the midstream energy industry since 1921.  The position requires leadership of the technical and research activities of GPA and the midstream energy industry.  Knowledge of gas treating and processing together with good communication, writing and interpersonal skills is essential.  In addition, candidates must have analytical and technical aptitude for chemistry, math and physics.  A Bachelor of Science in chemical or mechanical engineering is preferred.

NOW HIRING: Director of Technical Services

Director of Technical Services: The Gas Processors Association, an international trade association, has an opening for an engineer to assume the du...
Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering Program at the rank of associate or full professor, with an anticipated starting date of July 1, 2015. Texas A&M at Qatar is a partnership with Qatar Foundation, and it is based in a state-of-the-art, 595,000 square foot building that was completed in 2007.

Chair of the Petroleum Engineering Program

Texas A&M University at Qatar (TAMUQ) (http://www.qatar.tamu.edu/) invites applications for the position of Chair of the Petroleum Engineering ...

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