(BOE Report) – North Dakota crude output is expected to rise in March and the following months as operators in the third-largest oil-producing state restart inactive wells and winter restrictions are eased, the state’s regulator said on Thursday. The North Dakota Department of Mineral Resources said, however, that the pace of activity would depend on how long oil prices stay
(BOE Report) – Crude output is expected to be relatively steady in North Dakota in February, the third-largest U.S. oil-producing state, a state regulator said on Monday, with little change expected in drilling activity. Operators are likely to hold their drilling rig count, an indicator of future output, near current operational levels of 26 for the year, said Nathan Anderson, director
(World Oil) – Sable Offshore Corp. is seeking the Trump administration’s help to jumpstart a California oil project stalled by red tape. The Houston-based company’s effort to tap hundred of millions of barrels of crude off the coast of Santa Barbara have been stymied by state regulators’ opposition to reopening pipelines that funnel the crude to refineries. If state approval
World Oil (Bloomberg) – The world could still be using more than 100 MMbpd of oil by 2040, making it vital to start preparing and adapting for a warmer climate, said TotalEnergies SE Chief Executive Officer Patrick Pouyanne. The warning from the outspoken 60-year-old Frenchman carries some weight, as under his leadership, TotalEnergies is investing $5 billion a year into
World Oil AUSTIN – The Railroad Commission of Texas assessed $2,425,495.50 in fines involving 597 enforcement dockets against operators and businesses at the Commissioners’ Conference on Tuesday. The Commission has primary oversight and enforcement of the state’s oil and gas industry and intrastate pipeline safety. Fifty-nine dockets involved $1,010,697 in penalties after operators failed to appear at Commission enforcement proceedings.
Nasdaq California regulators allege that U.S. refiner Phillips 66 PSX.N improperly began processing renewable diesel in a unit at its Rodeo, California refinery, the company confirmed to Reuters. Phillips 66 started to process small volumes of soybean oil at the Rodeo refinery in the first quarter of 2021, the company said last year, part of a plan to become the largest
From Reuters Canadian Natural Resources Ltd, the country’s biggest oil producer, has joined a number of other firms asking Canada’s energy regulator to intervene in Enbridge Inc’s plan to overhaul shipping contracts on its Mainline pipeline network. Canadian Natural’s letter to the National Energy Board (NEB), filed late on Monday, calls on the regulator to delay Enbridge’s proposal to switch
