Starkly contrasting views emerged this month about the future of oil. One sees a peak in oil demand as early as 2020. The other sees no peak for at least the next couple of decades.The post The future of oil appeared first on aroundworld24.com.
Despite surviving a nearly 8-year-long career as a crude oil price reporter for the petroleum industry before finding a home at Oil & Gas Journal, this editor rarely gave much thought to the language used to describe and distinguish-perhaps to our collective detriment-the various sectors of our business.
International news for oil and gas professionals
The post OGJ Newsletter appeared first on aroundworld24.com.
Although production restraint has proven slower than hoped by its sponsors at balancing an oversupplied oil market, late-2016 agreements are making history.The post Desperation helps pact to limit oil output stay intact appeared first on aroundworld24….
Phillips 66 Partners LP has agreed to acquire Phillips 66’s 25% interest in each of Dakota Access LLC and Energy Transfer Crude Oil Co. LLC as well as 100% interest in Merey Sweeny LP.
The post Phillips 66 Partners to buy Phillips 66’s Bakken Pipeline stake, Merey Sweeny appeared first on aroundworld24.com.
Gazprom Neft PJSC
said it has brought Otdelnoye field in Russia into commercial
production, with two wells producing a total of 170 tonnes/day of oil.
The post Gazprom Neft starts production from Russia’s Otdelnoye oil field appeared first on aroundworld24.com.
says it has achieved targets for reducing carbon dioxide emissions from
the Norwegian Continental Shelf and is seeking additional efficiencies.The post Statoil achieves carbon dioxide reduction targets appeared first on aroundworld24.com.
A federal appeals court in Denver dismissed six environmental
organizations’ appeal of a district court’s decision invalidating the US
Bureau of Land Management’s regulation of hydraulic fracturing at oil
and gas operations on onshore public lands.
The post Higher federal court’s appeal dismissal in BLM fracing suit is mixed appeared first on aroundworld24.com.
The light, sweet crude oil contract for November delivery dropped slightly but settled above $50/bbl on Sept. 21 pending a Sept. 22 meeting in Vienna during which representatives of the Organization of Petroleum Exporting Countries and Russia were expe…
The post MARKET WATCH: NYMEX, Brent hold steady pending OPEC-Russia discussions appeared first on aroundworld24.com.
The Independent Petroleum Association of America, American Stewards
of Liberty, and Osage Producers Association have sued the US Fish and
Wildlife Service over the agency’s alleged failure to issue a required
12-month finding on a petition to remove the American burying beetle
from the endangered species list.
The post IPAA, other groups sue FWS over American burying beetle delay appeared first on aroundworld24.com.