January 2017 Page 19 of 34 - The American Energy News

Ryan Zinke, Trump Interior pick to clarify stance on federal land development

As a congressman, Ryan Zinke pushed to end coal moratorium By Valerie Volcovici WASHINGTON, Jan 17 (Reuters) – A U.S. Senate committee will grill President-elect Donald Trump’s pick to run the Department of the Interior, Representative Ryan Zinke of Montana, during a confirmation hearing on Tuesday that was likely to focus on how he would […]

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ExxonMobil doubles Permian Basin resource to 6 billion barrels

USA

ExxonMobil currently producing 40,000 net oil-equivalent b/d across Permian Basin leasehold Exxon Mobil Corporation announced it will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with an estimated resource of 3.4 billion barrels of oil

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OPEC sees market stability in 2017, Venezuela aims for $70 price

News

OPEC, some non-cartel members agreed to cut output by 1.8 million b/d late last year Jan 16 (Reuters) – OPEC Secretary-General Mohammed Barkindo forecast on Monday that stability would return to oil markets this year while price hawk Venezuela said it hoped its crude basket would rise to $70 in coming months. The head of

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Paramount Resources pipeline needs replacing after ‘mischief’

Canada

Paramount Resources pipeline under construction CALGARY, Alberta, Jan 16 (Reuters) – A section of an intra-provincial oilfield pipeline under construction in Canada’s oil heartland of Alberta needs replacement after being damaged by an act of “mischief,” authorities said on Monday. The incident happened in Hythe, about 500 km (310 miles) northwest of the provincial capital

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Noble Energy to buy Clayton Williams Energy for $2.7 billion

USA

Noble Energy boosting Permian presence By Ahmed Farhatha Jan 16 (Reuters) – Oil producer Noble Energy Inc said on Monday it would buy smaller rival Clayton Williams Energy Inc for about $2.7 billion in a cash-and-stock deal to enhance its presence in the Permian Basin, the top U.S. oil field. Noble Energy said the deal

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IEnova will invest $800 mln in 2017 on 8 projects

News

IEnova unit of Sempra Energy MEXICO CITY, Jan 16 (Reuters) – Mexican energy infrastructure firm IEnova, a unit of U.S.-based Sempra Energy, will invest $800 million this year on eight projects, the company’s chief executive said on Monday. Carlos Ruiz Sacristan said the most important project is an underwater pipeline between Texas and the Mexican Gulf

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Aker BP chief aims to make more oil acquisitions

News

Aker BP chief aims to make more oil acquisitions -CEO OSLO, Jan 16 (Reuters) – Norwegian oil firm Aker BP continues to seek mergers and acquisitions, Chief Executive Karl Johnny Hersvik told an investor conference on Monday. The company, owned 40 per cent by Norway’s Aker ASA and 30 per cent by BP, prefers oil-related

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Chinese oil imports juggernaut to roll on, but more slowly

News

Chinese oil imports 13.6 per cent higher in 2016 By Clyde Russell LAUNCESTON, AUSTRALIA Jan 16 (Reuters) – There is little doubt Chinese oil imports enjoyed a robust 2016, hitting a record high. The question is how long the party can continue? Customs data released on Jan. 13 showed Chinese imports of crude reached 36.38 million

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“Pragmatic” Trump might be persuaded on climate change action

Uncategorized

Making business, security case important to get Trump on side of climate change measures By Laurie Goering LONDON, Jan 16 (Thomson Reuters Foundation) – Donald Trump’s administration, heavy with fossil fuel industry backers, could cause major damage to efforts to deal with climate change through measures such as cutting access to satellite data for weather

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Russian oil output averaged 11.1 million b/d from Jan. 1-15

News

Russian oil output almost flat MOSCOW, Jan 16 (Reuters) – Russian oil and gas condensate production averaged 11.1 million barrels per day (b/d) from Jan. 1-15, two energy industry sources told Reuters on Monday. According to the sources, production averaged 1.514 million tonnes a day in the first two weeks of January compared to an

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