Oil & Gas
Top stories summarized by our editors
4/28/2017

University of Edinburgh scientists studying the path of rocks from Himalaya mountain landslides concluded that hard rocks that reach rivers can raise flood risks in the populated Ganga Plain. Scientists say the research will help improve flood risk maps for the plain, which includes parts of India, Nepal and Pakistan.

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ScienceDaily
4/28/2017

A website developed by the city of Bowling Green, Ky., and Western Kentucky University provides information about the karst landscape of underground rivers, caves and sinkholes in the Bowling Green area. The UNDER BG website features videos, illustrations and resource links about the karst landscape, which forms when acidic water disintegrates rock and gives pollution ways to infiltrate water supplies.

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Western Kentucky University
4/27/2017

US crude oil stockpiles fell by 3.6 million barrels in the week ended Friday, a bigger decline than analysts had expected, according to the Energy Information Administration. However, gasoline and distillate supplies climbed by 3.4 million barrels and 2.7 million barrels respectively amid an increase in production at refineries.

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Reuters
4/27/2017

US oil and natural gas companies announced a record $73 billion worth of mergers and acquisitions in the first quarter of 2017, almost three times the amount reported a year ago, according to a PricewaterhouseCoopers report. The number of companies that laid out plans to go public also rose in the first three months, indicating a potential surge in initial public offerings this quarter.

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FuelFix.com
4/27/2017

The first-ever Asia-bound cargo of North Dakota Bakken crude oil departed the US in late March with Singapore as its destination, according to a shipping document. The shipment of more than 600,000 barrels of Bakken, Mars Sour and DSW crude, loaded by Mercuria Energy Trading, is expected to be the first of many to come thanks to the Dakota Access Pipeline, which will make it easier and cheaper to transport Bakken crude to the US Gulf Coast.

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Reuters
4/27/2017

President Donald Trump is expected to sign an executive order directing the Interior Department to review Obama-era federal water drilling restrictions, but such a change won't happen quickly, according to this analysis. The Trump administration could reverse the restrictions by issuing a new Outer Continental Shelf drilling plan, rolling back indefinite offshore drilling bans and working with Congress to boost activity in the Outer Continental Shelf.

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CNBC
4/27/2017

Anadarko Petroleum announced it was shutting down more than 3,000 vertical wells in northeast Colorado until deemed safe after two people died in a home explosion in the town of Firestone. The cause of the explosion remains unknown.

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Bloomberg
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Anadarko Petroleum, Colorado
4/27/2017

Analysts at the Abu Dhabi Investment Authority, Emirates NBD and Commerzbank see oil prices dropping below $40 per barrel if OPEC fails to extend production cuts for another six months beyond June. ADIA Global Head of Research Christof Ruehl said at a conference in Dubai that oil producers won't be able to ease the supply glut if they don't cut their output further, adding that in a best-case scenario, consumers alone would need more than two years to absorb the current oil surplus.

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Bloomberg
4/27/2017

Houston is emerging as a leader in the shift to clean energy, ranking among US cities that generated the most clean tech patents between 2011 and 2015, according to an analysis by the Brookings Institution. Houston's performance is in large part the result of oil and natural gas research conducted with a goal to reduce the environmental footprint of fossil fuels, with a total of 1,344 clean tech patents produced between 2011 and 2015 in the conventional fuels category.

4/27/2017

President Donald Trump on Wednesday signed an executive order instructing Interior Secretary Ryan Zinke to conduct a review of dozens of national monuments covering at least 100,000 acres each that were designated over the past two decades. Former President Barack Obama created national monuments covering millions of acres in what Trump described as an "egregious abuse of federal power."

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The Associated Press