Light, sweet crude prices dropped moderately on the New York market May 13, holding above $46/bbl after a volatile week. Meanwhile, analysts appeared somewhat optimistic about the possibility of $50/bbl oil later this year. Source: News

The US-European energy relationship has moved from multibillion-dollar projects crossing several countries’ borders to smaller, focused efforts that separate governmental and private sector functions, speakers suggested at a May 5 Atlantic Council discussion. Source: News

AWE Ltd., Sydney, has rejected an unsolicited $421-million (Aus.) takeover proposal from global private equity group Lone Star Fund. AWE directors labelled the 80¢ (Aus.)/share bid “opportunistic,” adding that it was “indicative, conditional, and nonbinding.” Source: News

Under pressure typical of the politics of energy and climate, the US Environmental Protection Agency soon will declare air transportation unhealthy. It should not also act as though air travel is too cheap. Source: News

The International Association of Drilling Contractors (IADC) Gateway program has accredited Lone Star College’s Oil & Gas Drilling Floorhand-Roustabout Certification. Lone Star is the first community college in the US to earn this accreditation. Source: News

Challenge simmers in Congress to one of the screwier products of the Obama administration’s green-energy obsession. Source: News

Paul T. Horne has been appointed chairman of Midland, Tex.-based master limited partnership Legacy Reserves LP. He currently serves as president, chief executive officer, and director. Source: News