Brent fell $2.50/bbl last week to average $74.89, right in line with our expectations. WTI fell $2.40/bbl to average $65.07.
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Ashley Petersen
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Chesapeake Energy and Encana made headlines this week with multibillion-dollar acquisitions. Also, crude oil and natural gas production hit new records and the industry is watching initiatives on the ballot in Colorado and Washington state next week...
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Also, why Mexico's president-elect criticized Pemex and a private company consortium expects to win the lease for a wind farm offshore California.
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Brent fell $2.28/bbl last week to average $80.26/bbl. WTI fell $2.70/bbl to average $70.24/bbl.
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Ashley Petersen
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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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