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January 5, 2017

Lebanon to restart oil, gas licensing round after three-year delay

January 5, 2017

From Reuters: Lebanon intends to restart its first oil and gas licensing round after a three-year delay, the energy minister said on Thursday, hoping to kick-start the development of a hydrocarbon industry. In its first sitting since being formed in December, Lebanon’s new cabinet passed two decrees on Wednesday defining the blocks and specifying conditions for production and exploration tenders

Oil Leaves Billion Dollar Hole to Fill in North Dakota Revenue

January 5, 2017

From the Bismarck Tribune Prior administration’s forecast held oil production flat through 2019, with price above $50 Members of the House Appropriations Committee are looking at adopting a revenue forecast that is $1.1 billion less than what former Gov. Jack Dalrymple used before leaving office. “Most of us are pretty concerned about what number Gov. Dalrymple had for the revenue

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