Oil & Gas
Top stories summarized by our editors
5/20/2019

US petroleum markets performed strongly in April, as crude oil production held its record of 12.1 million barrels per day and total US petroleum deliveries exceeded 20 million bpd, the highest level for the month in 12 years, reports the American Petroleum Institute. Natural gas liquids production was 4.7 million bpd and total US petroleum exports reached a high for the month of April with 7.8 million bpd.

5/20/2019

Carlyle Group is reportedly holding talks with three pipeline and terminal operators to sell its 25% interest in a proposed 1.4 million-barrel-per-day crude oil export facility near Corpus Christi, Texas, for $625 million. Carlyle is also talking with potential partners about co-operating a crude oil pipeline from Houston to Corpus Christi, a source familiar with the matter says.

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Reuters
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Carlyle
5/20/2019

The total US oil and natural gas rig count fell by one to 987 last week, as oil drillers idled three rigs and gas explorers added two units, reports Baker Hughes. Ohio and Wyoming saw the biggest gains of four and three rigs, respectively, while Pennsylvania, Texas and Alaska were among the states posting losses.

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Rigzone
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Baker Hughes
5/20/2019

Colorado Gov. Jared Polis on Friday announced interim picks for the Colorado Oil and Gas Conservation Commission, with terms expiring July 1, 2020. The new commission, which will hold its first meeting on Tuesday, is tasked with developing new rules under a new oil and gas law that makes public health and safety the top priorities of regulators.

5/20/2019

Scientists installed Raspberry Shake seismometers at several homes and hotels in Haiti to detect small earthquakes. The pilot project, which began last January, aims to improve Haiti's seismic network by showing the size and location of smaller temblors and giving researchers more insight on potential major quakes.

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Eos
5/20/2019

Argentina has granted permits to companies that will look for hydrocarbons for up to 13 years in the South Atlantic, including areas near the disputed Malvinas Islands. ExxonMobil, Total and Royal Dutch Shell are among the winning companies, which will receive the permits between June and August and have the option of seeking 35-year production licenses during the exploration period.

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Reuters
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Royal Dutch Shell, ExxonMobil
5/20/2019

Hydrocarbon production from Canada's Montney formation in northeastern British Columbia and northwestern Alberta is expected to increase by 16% this year, largely due to an increase in liquids in Montney's subplays, reports energy consultancy Wood Mackenzie. Output is expected to hit 10 billion cubic feet equivalent per day in 2019 and further increase to 20 billion per day by 2030, Wood Mackenzie says.

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Rigzone
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Wood Mackenzie, Montney
5/20/2019

A deepwater exploration well in the Indus Basin off Pakistan has found no oil or natural gas, says a spokesman for Oil and Gas Development, part of a consortium working on the project. The consortium, which also includes ExxonMobil, Pakistan Petroleum and license operator Eni, obtained information for future exploration projects, but it will plug and abandon the well in the 7,500-square-kilometer block, the spokesman says.

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Reuters
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ExxonMobil, Eni
5/20/2019

The Philippines' Energy Department says it has received requests from nine companies for clearance to explore hydrocarbon blocks in the Sulu Sea and the Quezon, Albay and Mindoro provinces. The companies are participating in the Philippine Conventional Energy Contracting Program.

5/17/2019

After spinning off its refining business into Marathon Petroleum, Marathon Oil has embarked on a journey to become a major exploration and production company, under the guidance of its president, CEO and chairman, Lee Tillman. In an interview, Tillman offered a glimpse into the company's shale strategy, which combines a multi-basin orientation with a factory model for shale drilling, and discussed Marathon's approach to capital discipline and investor returns.