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  • Chesapeake plans 3% total production rise in 2018 February 22, 2018
    With a projected 2018 capital expenditures program of $1.975-2.375 billion and adjusted for asset sales, Chesapeake Energy Corp., Oklahoma City, expects total 2018 production to increase 3% year-over-year and oil volumes to rise 5% compared with 2017 levels.
  • Anadarko further advances Mozambique LNG project February 22, 2018
    Anadarko Petroleum Corp. reported that Mozambique LNG1 Co. Pte. Ltd.—the jointly owned sales entity of the Mozambique Area 1 Lda. coventurers—has entered into a long-term LNG sale and purchase agreement with Electricite de France SA. The offtake agreement calls for the supply of 1.2 million tonnes/year of LNG to EDF over 15 years.
  • Time has come to overhaul RINs, Cruz tells Philadelphia refinery workers February 22, 2018
    US Sen. Ted Cruz called for a cap on the price of renewable identification numbers to halt speculation and preserve jobs at refineries. “We’re here because the jobs, and the men and women whose livelihoods and families depend on those jobs, are at risk from a broken government regulation system that isn’t working, and that […]
  • Looney to succeed Eckart as Murphy Oil CFO February 22, 2018
    David R. Looney has been named executive vice-president and chief financial officer of Murphy Oil Corp., El Dorado, Ark. He also will serve as a member of the board. 
  • Parnell, others promoted at Parsley Energy February 22, 2018
    Larry Parnell has been promoted to senior vice-president—development operations, at Parsley Energy Inc., Austin and Midland. He was vice-president—engineering. 
  • EIA: US crude inventories down 1.6 million bbl February 22, 2018
    US crude oil inventories, excluding the Strategic Petroleum Reserve, decreased 1.6 million bbl for the week ended Feb. 16 from the previous week, the US Energy Information Administration said.
  • MARKET WATCH: NYMEX crude oil prices fall pending EIA inventory report February 22, 2018
    Light, sweet crude oil prices fell slightly on the New York market Feb. 21 and continued falling in early Feb. 22 trading on mixed expectations about whether US oil supply levels rose or fell last week.
  • Voter impatience threatens energy reform in Mexico February 22, 2018
    For Mexico’s energy renaissance, a worst-case scenario looms.
  • Canada: ‘Too much crude, too few pipelines’ February 21, 2018
    Pipeline congestion caused by approval delays and aggravated by a November leak in the Keystone system has cost oil producers in western Canada as much as $17/bbl (Can.), say economists at Scotiabank. 
  • SDX Energy pursues Egypt, Morocco development in 2018 February 21, 2018
    SDX Energy Inc. anticipates spudding the Ibn Yunus-1X exploration well at South Disouq, Egypt, in mid-March. In addition to the North West Gemsa, Meseda, and South Disouq concessions in Egypt, SDX is active in Morocco in the Lalla Mimouna, Sebou, Gharb Center concessions.