Daily Archives: February 22, 2016

IHS CERAWeek: OPEC, IEA spokesmen discuss oil prices

Rate this article The world’s oversupply of oil must be resolved and the market rebalanced, OPEC Sec. Gen. Abdallah Salem El-Badri told IHS CERAWeek attendees, adding that the current price slump is a “very nasty” oil price cycle compared to previous cycles. Read Full Article Here For more great articles: Oil & Gas Journal –…

Mexico’s president opens 35th IHS CERAWeek conference

Rate this article By Offshore Energy Today THE IHS Energy CERAWeek, one of the world’s most eminent energy industry events, has opened its doors to visitors and delegates for the thirty fifth time. The five-day conference held in Houston, Texas, will once again host the top executives from the oil, gas and renewable energy industries,…

First Oil’s UK North Sea interests sold

Rate this article UK North Sea interests of privately held First Oil Group PLC, Aberdeen, are being sold as the company moves into joint administration by KPMG LLP. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Board approves update to AGA’s gas storage containment principles

Rate this article The American Gas Association’s board of directors agreed to incorporate two practices recommended by the American Petroleum Institute last week dealing with natural gas storage into the gas utility trade association’s safety enhancement commitment for pipelines. Read Full Article Here For more great articles: Oil & Gas Journal – Transportation

IHS CERAWeek: IEA sees global oil supply growth dipping

Rate this article Global oil supply growth is plunging with US light, tight oil falling steeply for now, although the market is expected to begin rebalancing in 2017, according to the International Energy Agency in its annual Medium-Term Oil Market Report released Feb. 22 at IHS CERAWeek in Houston. Read Full Article Here For more…

ExxonMobil replaced just 67% of output in 2015

Rate this article ExxonMobil Corp. added 1 billion boe of proved oil and gas reserves in 2015, replacing just 67% of production during the year compared with 115% over the past 10 years. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest