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

US light, sweet crude prices rose by more than $1/bbl on Mar. 20 on the New York market on release of the Baker Hughes Inc. weekly rig count, which showed the number of rigs drilling in the US has fallen for 15 consecutive weeks.

OGJ Newsletter

International news for oil and gas professionals

Watching Government: Ohio's severance tax battle

Ohio Gov. John R. Kasich praised already enacted tax cuts in his Feb. 24 State of the State address. "Let's keep going, and let the common sense growth strategy of cutting taxes strengthen Ohio, as well as helping us attract the best and brightest to our state," he urged the state's lawmakers.

Chevron, Shell among most active bidders in gulf lease sale

Chevron Corp., ExxonMobil Corp., Royal Dutch Shell PLC, and Statoil ASA mostly led the way as Gulf of Mexico central planning area Lease Sale 235 drew 195 bids on 169 blocks from 42 companies, reported the US Bureau of Ocean Energy Management, which held the event Mar. 18 in New Orleans.

ExxonMobil resumes drilling from Point Thomson near ANWR

Following years of legal wrangling, ExxonMobil Corp. has resumed drilling in the high-pressure Point Thomson gas-condensate field on Alaska's North Slope near the Arctic National Wildlife Refuge (ANWR).

USW, Shell reach tentative deal to end strike at US refineries

Royal Dutch Shell PLC and the United Steelworkers union have reached a tentative bargaining agreement over pay, benefits, and health and safety standards for union workers that could settle a more than 6-week unfair labor practice strike in effect at 15 US refineries and associated installations.

TAEP: Year of 'dramatic contraction' under way in Texas oil, gas employment

The Texas Petro Index (TPI) dropped seven points to 299.6 during January compared with December, reflecting low crude oil prices, a falling rig count, and decline in drilling permits.

SPE/IADC: Collaboration, innovation must transcend oil price

Leaders from oil and gas operators and drilling contractors were empanelled Mar. 17 at the 2015 SPE/IADC Drilling Conference & Exposition to tackle the issue of delivering wells in a changing world.

Native what?

The term, "native advertising," has been buzzing around the commercial media world for the last couple of years or so, especially digital media-and what medium isn't digital if it expects to stay, well, around?

Two obsolete laws

New tightening of a logistics squeeze on US oil producers gives Congress the chance to show bipartisan judgment by scuttling two obsolete laws.

Supporters and critics alike call for RFS reforms

Calls to reform the federal Renewable Fuels Standard increased as critics and supporters alike said it is not working as it was intended.

Senate, House bills introduced to block EPA ozone proposal

US Senate and House members introduced bills to block the US Environmental Protection Agency's proposal to lower ground-level ozone limits as the plan's comment period ended and the House Science, Space, and Technology Committee held a hearing to examine its implications.

API: February US petroleum demand is highest since 2008

Total US petroleum demand reached an average 19.3 million b/d in February—the highest level for the month since 2008, the American Petroleum Institute reported on Mar. 19. The amount represented a 1.5% year-to-year increase from February 2014’s nearly 19 million b/d.

DOI issues final rule for fracing on public, tribal lands

The US Department of the Interior issued a long-anticipated final rule to govern hydraulic fracturing of onshore oil and gas wells on public and tribal lands. Officials said the regulations will improve safety and help protect groundwater by updating requirements for wellbore integrity, wastewater disposal, and public disclosure of chemicals.

Total’s Donges refinery due 10-week shutdown, overhaul

Total SA is planning a nearly 2-month shutdown of its 220,000-b/d Donges refinery near Saint Nazaire, France, on the Loire estuary, for a complete modernization and maintenance overhaul designed to improve the plant’s profitability as well as its environmental footprint.

Market Connections

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 ...
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...
Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How to Apply: www.essgulf.com

Offshore Catering Jobs Available

Offshore Catering Jobs Available. Offshore Experience Required. Cooks, UTs (Housekeeper/Janitorial), Bakers (Pastry Chefs), Executive Stewards. How...
Kuwait Institute for Scientific Research Now hiring

Now Hiring

NOW HIRING THE FOLLOWING POSITIONS: 1. Research  Scientist(Heavy Oil Program) Qualification: Ph.D. in petroleum geophysics, petroleum engin...
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