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International news for oil and gas professionals

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.

MARKET WATCH: NYMEX crude oil prices top $60/bbl

Crude oil prices for front-month delivery climbed back above $60/bbl on May 21 on the New York market while July crude oil prices on the London market topped $66/bbl.

La Jolla Conference: Industry panel bullish on oil prices, but sees more suffering to come

Crude oil prices are still about half their value compared with a year ago, but the now prolonged slump is unfolding such that another rise could be on the horizon, a panel of industry observers agreed on May 20 during the XXIV La Jolla Energy Conference in La Jolla, Calif.

BLM seeks comments on Rosewood’s proposed Atchee area project in Utah

The US Bureau of Land Management is seeking public comments on Rosewood Resources Inc.’s proposal to develop an oil and natural gas field in the Atchee area 40 miles south of Vernal, Utah.

API: US petroleum demand slightly up in April

According to data from the American Petroleum Institute, total US petroleum deliveries, a measure of demand, gained 0.7% in April from the same period last year to average 18.9 million b/d. These were the highest April deliveries since 2010.

Alfa, Harbour Energy to acquire Pacific Rubiales for $1.7 billion

Mexican multinational conglomerate Alfa SAB de CV and British energy firm Harbour Energy Ltd. have collaborated to acquire the stock of Pacific Rubiales Energy Corp., Toronto, not already owned by Alfa in a deal valued at about $1.7 billion, excluding debt.

Statoil’s Gudrun condensate leak could have been major incident

Statoil ASA said a Feb. 18 condensate leak at its Gudrun platform in the North Sea could have been much worse, even fatal, if anyone would have been present at the time.

EIA: US natural gas net imports lowest since 1987

US net imports of natural gas totaled 1,171 bcf in 2014, down 9% from the level in 2013 and continuing an 8-year decline, according to the US Energy Information Administration. This was the lowest level since 1987.

MARKET WATCH: NYMEX, Brent crude prices rebound

Crude oil prices on the New York and London markets regained some ground May 20 with US light, sweet crude oil prices for July climbing nearly $1/bbl to close at just under $59/bbl on the heels of a government report that US oil inventories dropped for a third consecutive week.

ExxonMobil’s Liza-1 well encounters oil offshore Guyana

Esso Exploration & Production Guyana Ltd., a unit of ExxonMobil Corp., reported an oil discovery on Stabroek block 120 miles offshore Guyana.

Senate likely to vote on allowing crude exports in 2015, Hoeven says

Ending the US crude oil export ban will produce such significant energy, economic, and geopolitical benefits that it appears likely to come to a Senate vote during 2015, Energy and Commerce Committee member John Hoeven (R-ND) predicted.

Wintershall to exit Qatar, citing lack of infrastructure access

Wintershall Holding GMBH is leaving Qatar, effective May 25, because of lack of access to local infrastructure, the company said.

Obama administration opposes Senate’s trio of OCS leasing bills

The Obama administration opposes a trio of US Senate bills that propose establishing or increasing states’ shares of federal oil and gas revenue from leasing and development off their shores, US Bureau of Ocean Energy Management Director Abigail Ross Hopper told the Senate Energy and Natural Resources Committee.

Marathon Petroleum settles federal Clean Air Act allegations

Marathon Petroleum Corp. agreed to pay a $2.9 million fine, retire 5.5 billion sulfur credits worth $200,000, and spend more than $2.8 million to install pollution controls on facilities in three states to resolve charges that it violated the Clean Air Act (CAA), the US Department of Justice and Environmental Protection Agency jointly announced.

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