The US Bureau of Land Management cited nearly 3 years of experience and considerable feedback from states and other stakeholders as it formally proposed revisions to six plans covering management of greater sage grouse habitat in seven Western US states in the May 4 Federal Register.
The current tailwind in the oil market is likely to propel 100 new offshore projects to be sanctioned in 2018, according to Rystad Energy. This compares to only 60 projects in 2017 and below 40 in 2016, as shown in the latest Oilfield Service Report by Rystad Energy.
ExxonMobil Corp.’s Sara Ortwein has delivered some of the energy industry’s biggest engineering feats over a 38-year career. Her newest challenge: Winning in the nimble, fast-moving world of shale.
Benchmark oil prices in New York and London rose modestly while traders and analysts agree the oil market is holding fairly steady awaiting an anticipated May 12 decision from US President Donald Trump regarding possible US sanctions on Iran.
Cooper Energy Ltd., Adelaide, has taken a further step into the offshore Gippsland basin of Victoria with the award of a new exploration permit close to existing oil and gas fields and production systems.
http://www.worldoil.com/news/2018/5/3/oil-price-skirmish-heats-up-as-china-trader-seeks-saudi-cuts
The trading unit of one of the world’s biggest refiners is displeased with Saudi Arabia’s oil pricing, which may benefit the U.S. and Russia.
The scope of Russia’s profit-based tax (NDM) pilot scheme will still be limited in the context of Russia’s upstream sector, according to GlobalData, a leading data and analytics company.
The UK government publishes updated guidance notes for the decommissioning of offshore installations and pipelines.
http://www.worldoil.com/news/2018/5/4/oil-steady-near-68-amid-bets-trump-will-exit-iran-accord
Oil traded near $68/bbl amid growing expectations that U.S. President Donald Trump will withdraw from a nuclear accord with Iran, threatening crude exports from OPEC’s third-largest producer.
http://www.worldoil.com/news/2018/5/3/oil-struggles-near-68-as-inventory-gain-overshadows-iran-fears
Oil’s recovery, buoyed by potential supply risks, was capped by rising U.S. inventories while President Donald Trump neared a decision on whether to reimpose sanctions on Iran.
