Oversupply of Oil Continues to Hobble Oil Prices

Oversupply of Oil Continues to Hobble Oil Prices

Just this week, oil futures fell again after the United States Energy Information Administrations reported an unexpected build in weekly crude inventory. There was a “surprise” build of 1.671 million barrels, to a total of 521.1 million barrels in a time when...

Riverstone to acquire 50% stake in Utopia pipeline project

This post is originally from Oil & Gas Journal.   HOUSTON, June 28 06/28/2016 ByOGJ editors Riverstone Investment Group LLC will become a 50-50 partner with Kinder Morgan Inc. in the $500-million Utopia pipeline project in Ohio. To acquire its stake,...

Chariot adds Moroccan acreage, exits Mauritania

This post is originally from Oil & Gas Journal. HOUSTON, June 16 06/16/2016 ByTayvis Dunnahoe OGJ Exploration Editor Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) has awarded Chariot Oil & Gas Investments (Morocco) Ltd., a wholly owned...