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The latest Oil and Gas news from Oil and Gas Journal
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BHP Billiton Ltd. said it’s “actively pursuing options” to sell its US onshore oil and gas assets, which it has classified as noncore amid pressure from shareholders to divest.

 
Posted: August 22, 2017, 5:22 pm

Premier Oil PLC, London, has agreed to sell its 33.8% interest in Wytch Farm oil field in the south of England to an undisclosed third party.

 

Posted: August 22, 2017, 4:07 pm

The US Department of Energy plans to draw down and sell 14 million bbl of sour crude oil from the US Strategic Petroleum Reserve, the DOE’s Fossil Energy Office (FEO) reported on Aug. 22. The crude will be sold from three sites—Bryan Mound and Big Hill in Texas and West Hackberry in Louisiana, FEO said.

 
Posted: August 22, 2017, 4:01 pm

Light, sweet crude oil prices on the New York Mercantile Exchange declined by more than $1 on the New York market to settle below $48/bbl on Aug. 21 but prices moved up again Aug. 22 on expectation of another weekly decline in US crude inventories.

 
Posted: August 22, 2017, 2:40 pm

Four members of the Outer Continental Shelf Governors Coalition called on the US Department of the Interior to include all leasing options in the 2019-24 Outer Continental Shelf program that is being developed, “understanding that circumstances affecting leasing decisions could change during the course of the program’s development and implementation.”

 
Posted: August 21, 2017, 9:18 pm
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