News

Oil and Natural Gas News
Jan 15, 2019
Oil Search Ltd., Port Moresby and Sydney, has expanded its acreage position on the North Slope of Alaska following the recent 2018 Alaska Lease round with the acquisition of interests in prospective blocks close to and adjacent to its existing position in…
Jan 14, 2019
Sensible regulatory change by the US Department of Energy should be followed by legislation killing the changed regulation.
Jan 14, 2019
US House Democrats wasted little time before seven of them introduced bills on Jan. 8 aimed at keeping oil and gas exploration from expanding off their coastal states’ shores. The federal measures came as state legislators in Connecticut, Georgia, Hawaii,…
Jan 14, 2019
In its latest monthly oil market report, the International Energy Agency has revised its 2019 non-OPEC supply growth forecast down by 415,000 b/d to 1.5 million b/d, partly due to expected cuts from Russia and to lower growth in Canada.
Jan 14, 2019
Privately held Western Gas Corp. Pty. Ltd., Perth, has signed a memorandum of understanding with international service companies McDermott and Baker Hughes to be exclusive development partners for the Equus gas project offshore northwest Western Australia…
Industry Headlines
Jan 18, 2019
Oil is going to be very much demand driven, according to Arqaam Capital.
Jan 18, 2019
Global oil demand remains on course to be stronger this year than in 2018 as a boost from lower fuel prices counters slowing economic activity, according to the IEA.
Jan 18, 2019
Oil prices climbed to a two-month high as China was said to offer a trillion-dollar buying spree to defuse trade tensions with the world’s biggest economy.
Jan 17, 2019
The American Petroleum Institute also reported a sharp year-on-year increase in well completions.
Jan 17, 2019
The secretary general of the Brazilian Institute of Petroleum, Gas and Biofuels said that in the next few years, the oil industry will bring more jobs and investments to Rio de Janeiro.