MARKET WATCH: NYMEX oil prices volatile after IEA market report

Light, sweet crude prices gained modestly on the New York market May 12, holding well above $46/bbl. But oil prices fell in early May 13 trading, which analysts attributed to reaction to an Oil Market Report released May 12 from the International Energy Agency. Source: News


WEA, ND council sue BLM, USFS over sage grouse land use plan changes

The Western Energy Alliance and North Dakota Petroleum Council jointly sued the US Bureau of Land Management and US Forest Service, charging that the agencies developed amended land use plans for the greater sage grouse that impose restrictions on new oil and gas leases and on development of existing leases. Source: News


Meuleman appointed chief technology officer at ION Engineering

Erik Meuleman has been named by ION Engineering as the carbon capture technology firm’s chief technology officer. He will lead ION’s global research and development function and play a key role in shaping ION’s technology roadmap, the firm says. Source: News


Fusco tabbed as Cheniere president, chief executive officer

Jack A. Fusco has been appointed by Cheniere Energy Inc. as its president and chief executive officer. He succeeds Neal A. Shear, who has served as Cheniere’s interim president and chief executive officer since December 2015. Source: News


ExxonMobil plans upgrading program at Australian refinery

ExxonMobil Corp. subsidiary Mobil Refining Australia Pty. Ltd. is planning a multimillion-dollar (Aus.) investment to execute projects to expand capacity and improve efficiency at its 80,000-b/d Altona refinery in Victoria, 13 km west of Melbourne. Source: News


NOPSEMA rejects Wheatstone start-up plan

Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has sent back Chevron Australia’s start-up and operations environment plan for the Wheatstone domestic gas-LNG project off Western Australia saying the plan is not sufficiently robust. Source: News