Differences in terminology and oversight approaches have created marked gaps in government regulation of growing unconventional oil and gas activity in the US, a research team of four graduate students at Johns Hopkins University’s School for Advanced International Studies reported on Apr. 19. The discrepancies potentially could cause problems for work crews and nearby communities’ water supplies, they warned.
US President Donald Trump fired a broadside at the Organization of Petroleum Exporting Countries for trying to raise crude oil prices in an Apr. 20 early-morning Tweet. “Looks like OPEC is at it again. With record amounts of Oil all over the place, including the fully loaded ships at sea, Oil prices are artificially Very High! No good and will not be accepted!” his tweet read.
US petroleum demand reached 20.6 million b/d in March—the highest level since 2007, according to the latest monthly statistics of the American Petroleum Institute. To satisfy demand, US refineries utilized 91.5% of their capacity—a record for the month of March—and processed 17 million b/d of oil and natural gas liquids.
US Senate Energy and Natural Resources Committee Ranking Minority Member Maria E. Cantwell (D-Wash.), joined by 15 other Democrats and Bernie Sanders (I-Vt.), introduced legislation to codify two offshore safety and environmental rules the US Department of the Interior finalized in 2016 following the 2010 Macondo deepwater well blowout and subsequent crude oil spill.
Japanese combine Mitsui & Co. has extended the offer period until May 2 for its unconditional recommended cash takeover offer for Sydney-based AWE Ltd.
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