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MARKET WATCH: NYMEX oil prices jump on lower rig count

US light, sweet crude oil prices for July delivery jumped in May 29 trading on the New York market to settle more than $2/bbl higher after Baker Hughes Inc. reported another drop in the US rig count, which analysts and traders took as a sign that oil production will slow.

SERVICES | SUPPLIERS

Principles of energy

Listen hard if you want to know what politicians who want to establish residency in the White House in 2017 think about energy. You won't hear much. Energy, so far, is no headline issue.

Condensate considerations

Bills to expand federal offshore oil and gas leasing and revenue sharing with coastal states may have generated more questions.

Mexican opportunities include corruption as well as business

The Mexican constitutional reforms and related privatization of portions of the oil and gas industry are historic. The end of state-owned monopoly control will create great opportunities for foreign and domestic companies alike.

La Jolla Conference: Mexican energy reform a 'telenovela,' panelist says

Energy reform in Mexico is a telenovela wherein stories of intrigue and suspense will arise, but in the end, everything will turn out okay, opined Duncan Wood, director of the Mexico Institute at the Woodrow Wilson International Center for Scholars, during a May 21 panel discussion at the XXIV La Jolla Energy Conference in La Jolla, Calif.

Bill is wrong way to speed gas pipeline approvals, House panel told

A bill that would give the US Department of the Interior authority to approve natural gas pipelines crossing National Parks Service land is unnecessary and unwanted, a US Bureau of Land Management official told a House Natural Resources subcommittee.

FWS, NMFS propose changes for seeking endangered species listings

Petitions to federally list species as endangered will need to show that state wildlife agencies have been contacted beforehand and include relevant information about what those agencies are doing, the US Fish & Wildlife Service and National Marine Fisheries Service said as they jointly proposed reforms to the federal Endangered Species Act process.

FWS mulling steps to curb migratory bird deaths at oil and gas sites

The US Fish & Wildlife Service intends to prepare a programmatic environmental impact statement to evaluate possible steps for reducing accidental migratory bird deaths from oil and gas and other industrial activities.

US unconventional oil responds to low-price environment

Deferred and cancelled investments in US shale oil fields could in 2-3 years begin creating an environment in which new supplies are less plentiful, causing baseline oil prices to move closer to $100/bbl.

Study finds Marcellus NORM exposure risks low

While some produced waters from the Marcellus shale contain elevated radium, a Pennsylvania Department of Environmental Protection (PA DEP) study showed that the risk of exposure is low.

Gov. Wolf forms Pennsylvania gas pipeline system taskforce

Pennsylvania Gov. Tom Wolf (D) formed a Pipeline Infrastructure Task Force to help state agencies, natural gas producers, and communities closely work together as thousands of miles of pipelines are proposed to move gas and related products from wellheads to markets.

EPA proposes renewable fuel quotas for 2014, 2015, and 2016

The US Environmental Protection Agency proposed renewable fuel quotas for 2014 that it said reflect the year’s actual biofuel use, and for 2105 and 2016 and, for biodiesel, quotas through 2017 that increase steadily over time.

Statoil enters offshore Nicaragua with four licenses

Statoil ASA has been awarded four licenses covering 16,000 sq km in the largely unexplored Sandino basin of the Nicaraguan Pacific.

MARKET WATCH: NYMEX oil prices gain modestly in advance of OPEC meeting

US light, sweet crude oil prices for July delivery rose modestly on the New York market May 28 but still settled under $58/bbl, and analysts said much of the market appeared to be in a holding pattern pending a June 5 meeting of the Organization of Petroleum Exporting Countries in Vienna.

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