RSS Oil & Gas Industry News

  • API, INGAA call on PHMSA to reconsider some recent actions
    The US Pipeline & Hazardous Materials Safety Administration should reconsider several rules and procedures it adopted late in the Obama administration, officials from the American Petroleum Institute and Interstate Natural Gas Association of America told a subcommittee of the US House Transportation and Infrastructure Committee in separate written testimony on Apr. 26.
  • EIA: US crude stockpiles down 3.6 million bbl in third straight weekly drop
    US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, decreased 3.6 million bbl during the week ended Apr. 21 compared with the previous week’s total, according to the US Energy Information Administration’s Weekly Petroleum Status Report.
  • DOE to permit Golden Pass to export LNG to non-FTA countries
    The US Department of Energy has signed an order authorizing Golden Pass Products LLC to export domestically produced LNG to countries that do not have a free-trade agreement with the US.
  • MARKET WATCH: NYMEX oil price gains but still settles under $50/bbl
    The light, sweet crude oil price for June delivery gained somewhat on the New York market Apr. 25 but still settled below $50/bbl for a third consecutive trading session. US oil prices declined in early Apr. 26 trading pending release of a weekly oil and product inventory report.
  • China’s Himalaya Energy to buy Chevron Bangladesh companies
    Chevron Global Ventures Ltd., a wholly owned subsidiary of Chevron Corp., has reported its intention to sell the shares of its wholly owned indirect subsidiaries operating in Bangladesh to China’s Himalaya Energy Co. Ltd.
  • MARKET WATCH: NYMEX oil price drops closer to $49/bbl
    The light, sweet crude oil prices for June delivery fell modestly on the New York market Apr. 24 to settle just above $49/bbl while the Brent crude oil price for June delivery also dropped but remained above $51/bbl.
  • Oil pipeline accidents fell 10% in 2016, joint report says
    The number of US crude oil and petroleum product pipeline accidents in 2016 fell 10% from the previous year’s level, the American Petroleum Institute and Association of Oil Pipe Lines jointly reported in their 2017-19 Pipeline Safety Excellence Strategic Plan and 2016 Performance Report on Apr. 24.
  • API lists emissions requirements it would like EPA to review
    The American Petroleum Institute said it would like to see the US Environmental Protection Agency review requirements to limit emissions from new oil and gas operations, quotas under the federal Renewable Fuel Standard, and implementation of ground-level ozone controls under National Ambient Air Quality Standards.
  • Report lists consequences without more gas pipelines in US Northeast
    A lack of interstate natural gas pipelines in the US Northeast has led to some of the nation’s highest electricity costs, and the situation will become worse if more are not built, the US Chamber of Commerce’s Institute for 21st Century Energy warned in an Apr. 24 report.
  • Canada delays methane-emission regulation
    The Canadian government is delaying by 3 years the start of a crackdown on methane emissions by the oil and gas industry.

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