Oil

Most of the exports are likely to come from the US Gulf coast (USGC). US exports in January totalled around 746,000 b/d, more than double levels of 364,000 b/d in January 2016, US government data show.

Total cumulative oil production since the start of 2017 is now in excess of 679,000 tonnes (five million barrels).

API President and CEO Jack Gerard called President Trump’s “Energy Independence” executive order an important step forward in restoring common sense regulations that are needed to advance the U.S. energy renaissance.

Erin Energy Corporation has entered into a definitive farm-out agreement with FAR Ltd. 

TATNEFT Company ranked No. 3 in the TOP 10 list of the largest oil and gas industry companies with the highest level of the information transparency.

Wood Group has been awarded a $50 million contract with Premier Oil, to deliver topside operations and maintenance services to the Balmoral floating production vessel (FPV) in the Central North Sea and the Solan installation, West of Shetland.

Statoil resets its exploration in the Gulf of Mexico and was today deemed high bidder on 13 leases in the 2017 Central Lease Sale.

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Kurt Bock, Chairman of the Board of Executive Directors of BASF, took place at the Gazprom headquarters today.