Saturday, January 4, 2025
ETP Simplifies Structure with $20 Billion Sunoco Acquisition

EIA projects rise in U.S. crude oil and other liquid fuels production beyond 2017

From the EIA: The U.S. Energy Information Administration projects that U.S. petroleum and other liquid fuels production, which in addition to crude oil and condensate production includes natural gas plant liquids derived from natural gas processing as well as biofuels and volume gain at refineries, is projected to grow from 14.8 million barrels/day (b/d) in 2015 to 18.6 million b/d

Reopening Libya Oil Ports Is Newly Unified NOC’s ‘Top’ Priority

From Bloomberg: Libya’s state crude producer is seeking to reopen oil ports and restore crude output as the fractured OPEC nation struggles to reunite after five years of civil strife, according to its chairman. Four ports accounting for about 860,000 barrels a day in crude exporting capacity have been shut due to political turmoil and fighting. Libya now produces a

OPEC Paid A Steep Price For 2% Market Share

From Forbes: The Organization of the Petroleum Exporting Countries, known to most people as simply OPEC, has been widely unpopular in the U.S. since the 1970′s. In October 1973, in retaliation for the West’s support of Israel in the Yom Kippur War, the Arab members of OPEC – The Organization of Arab Petroleum Exporting Countries (OAPEC) – stopped supplying the U.S. and

NDP to move ahead with oil and gas incentive programs

From the Calgary Herald: The provincial government will announce Monday it is revamping drilling incentive programs for the hard-hit oilpatch, as Alberta continues to overhaul its royalty system. The moves, part of the NDP’s review of oil and gas royalty rates that began last year, will see the province introduce two new programs to encourage exploration and investment, replacing initiatives established by