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. The gain in oil prices snapped a five-session losing
operations about 8 weeks ahead of schedule, is expected to ramp up to full production “in a short time period,” the company said. The 10,000-b/d Edam East project is scheduled to come on stream in third-quarter 2016, followed by the 4
encountered more than 295 ft of oil-bearing sandstone reservoirs, Esso E&P said. It is the first well drilled by the company on the 6.6-million acre Stabroek block, said Stephen M. Greenlee, president of ExxonMobil Exploration Co. Over the
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.
25, because of lack of access to local infrastructure, the company said. A 2013 offshore gas discovery, Al Radeef, is on Block 4 North ..... the Middle East. “This access was not granted.” The company said further activities in the Middle East are not affected
priced energy again.” Franz Matzner, who directs the Natural Resources Defense Council’s Beyond Oil Initiative’s Government Affairs Program, said that opening additional portions of the US OCS to oil and gas activity would be a big step in the wrong
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 ...
Gasoline crack spreads in the US, especially on the East Coast, have reached several-year highs in recent months, according to a recent report from the US Energy Information Administration.
analysts attributed to positive US and European economic indicators. Meanwhile, US oil inventories declined last week, a government report showed. The US Energy Information Administration estimated commercial crude oil inventories, excluding the Strategic
PAA] deeply regrets this release has occurred and is making every effort to limit its environmental impact.” The company deployed a 1,500-ft boom May 19 to help contain the oil and began skimming operations. Las Flores Canyon removes water