More Oil & Gas News

API: Petroleum demand dips in February

Total US petroleum deliveries, a measure of demand, fell 0.6% from February 2013 to average 18.5 million b/d last month, a 16-year low for the month since 1998, according to the American Petroleum Institute’s most recent monthly statistics report.

Millennium Pipeline appoints president

Millennium Pipeline Co. LLC has selected Joseph Shields as its president. He succeeds Rocco D’Alessandro, who held the position beginning in May 2012.

MARKET WATCH: NYMEX crude oil for April tops $100/bbl

Crude oil futures prices for the April contract climbed above $100/bbl on the New York market on Mar. 19, which analysts attributed to positive indicators from US policymakers regarding the economic recovery.

BOEM extends proposed higher offshore liability limit comment period

The US Bureau of Ocean Energy Management added 30 days to the public comment period for its proposed higher liability limit for offshore oil and gas operators.

EITI board approves US application for candidacy

The Extractive Industries Transparency Initiative (EITI) board approved the United States’ application for candidacy in the international organization, US Interior Sec. Sally Jewell announced. The action came during the board’s Mar. 18-19 meeting in Oslo.

ONGC Videsh names exploration director

ONGC Videsh Ltd. (OVL), the overseas arm of Oil & Natural Gas Corp. Ltd., has named Anil Bhandari as exploration director. In his role, Bhandari will manage overseas exploration assets and evaluate exploration opportunities, as well as spearhead the business development for new exploration and production assets acquisitions.

MARKET WATCH: NYMEX crude prices rise on Seaway pipeline expansion news

Crude oil futures prices rose on the New York market Mar. 18 after Enterprise Products Partners LP told analysts and investors that an expanded Seaway pipeline was likely to be in service by early June, which is earlier than previously expected.

Vermilion to buy southeast Saskatchewan assets

Vermilion Energy Inc., Calgary, has signed an agreement with a private southeast Saskatchewan producer to acquire light oil producing assets in the Northgate region of southeast Saskatchewan for $400 million.

INGAA Foundation forecasts oil, gas infrastructure outlays to 2035

An estimated $640.9 billion, or an average $29.1 billion/year, will need to be spent on US and Canadian midstream crude oil, natural gas, and natural gas liquids infrastructure from 2014 through 2035, the INGAA Foundation forecasts in a recent study.

MARKET WATCH: Oil crude futures weaker after Crimean referendum

Crude oil futures prices fell Mar. 17 on the New York and London markets as analysts suggested sanctions against Russia and Ukraine by the US and European Union were unlikely to immediately constrain world oil or natural gas supplies.

Begich objects to House Democrats’ NPR-A comment extension request

US Sen. Mark Begich (D-Alas.) let three US House Democrats know he did not approve of their request for the US Bureau of Land Management to add 30 days to the public comment period for the Greater Mooses Tooth draft supplemental environmental impact statement covering a proposed oil development within the National Petroleum Reserve-Alaska (NPR-A).

Keystone XL national interest comments deadline approaches

Groups on both sides said support has grown for their positions as the US Department of State's Mar. 7 deadline approached for comments on whether the proposed Keystone XL crude oil pipeline is in the nation's best interest.

BLM would impose onshore inspection fees under proposed 2015 budget

The US Bureau of Land Management would impose inspection fees for onshore oil and gas producers operating on lands under its jurisdiction under the Obama administration's proposed fiscal 2015 budget.

Taming the EPA

The US House of Representatives deserves applause for passing legislation to limit the Environmental Protection Agency's regulation of electric power plants. But the welcome move has two problems.

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