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Plus, Interior Secretary Ryan Zinke hints some states will be exempt from offshore drilling expansion and Shell’s Groundbirch shale gas project gets greener.
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Brent and WTI have backed off recent highs. Brent fell $2.42/bbl last week to average $82.54/bbl.
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Ashley Petersen
HEADLINES: Hurricane Michael’s Effect On Oil, Gas Production
Plus, Exxon Mobil donates to a PAC promoting U.S. carbon tax, offshore drillers Ensco and Rowan agree to merge and Chevron exits Norway.
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Brent continued its meteoric rise, increasing $3.19/bbl last week to average $84.96/bbl.
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Ashley Petersen
Canada's energy industry got a boost this week from an LNG project FID. Plus Encana exits the San Juan Basin, Husky makes a play for MEG Energy and reports that Exxon Mobil is exploring the sale of its Gulf of Mexico assets.
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It is no longer a question of if the oil and gas industry will undergo full-scale digital transformation, it is a matter of when.
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Brent rose $2.97/bbl to average $81.77/bbl last week as markets responded very poorly to the news that OPEC had no firm plan for raising production.
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Ashley Petersen
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Executives touted the Eagle Ford's commercial attractiveness during an industry event. Also, Aramco CEO discussed SABIC integration and the future of an IPO while President Trump railed against oil prices and OPEC to the U.N.
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Brent rose only $0.31/bbl last week to average $78.80/bbl as WTI rose $1.34/bbl to average $70.29/bbl.
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Ashley Petersen
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The EIA forecasts U.S. oil output to rise but at its lowest level since 2016 plus Mexico’s president-elect follows through on his promise, Tall City’s Permian return and a new destination for U.S. LNG.
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Brent rose $1.10/bbl last week to average $78.49/bbl as WTI rose only $0.42/bbl to average $68.95/bbl.
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Ashley Petersen
Headlines: EPA Takes Aim At Obama-Era Methane Rule
Also this week, California’s plans for 100% carbon-free energy, U.S. dry natural gas production to reach an all-time high and updates on Hurricane Florence.
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