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HEYCO: HEYCO Energy Group and IPC (USA) Inc. move to form an alliance for domestic LNG fuels marketing
UPDATE: HEYCO and IPC have not yet reached a definitive agreement. The companies expect to have an ongoing business relationship, however not as announced in the press release or as outlined in the executed LOI.

Exploration
Virginia governor opposes leasing offshore state without revenue sharing
Virginia Gov. Terry McAuliffe (D) said he opposes oil and gas leasing off the state’s coast under a new federal Outer Continental Shelf management program because it apparently would not include royalty and revenue sharing from any crude oil or nat...
Greece launches new tender
Greece’s Ministry of Environment and Energy has invited interested parties to submit bids within 90 days from the date of publication of its tender notice in the Official Journal of the European Union.
China, Philippines eye joint exploration
China and the Philippines are discussing joint exploration of an area off the island nation claimed by Beijing.

Drilling & Production
Downward trend continues for US drilling
The overall US rig count has declined for the third straight week and fifth time in 8 weeks, advancing what could be a partial reversal of a drilling rebound that lasted more than a year.
Merger to combine companies in STACK play
Silver Run Acquisition Corp. II has agreed to merge with privately held Alta Mesa Holdings LP, Houston, and Kingfisher Midstream LLC, forming a company valued at $3.8 billion with operations in Oklahoma’s STACK play.
BP lets pre-FEED contract for Tortue field off Mauritania, Senegal
KBR Inc. will perform pre-front-end engineering design (FEED) work over the next 6 months in support of BP PLC in the optimization stage of the Tortue field development.

American Petroleum Institute
Energy Year in Review
Despite occasional policy obstacles, the U.S. energy revolution continues to enhance America’s economic and national security and deliver major benefits to consumers, the environment and manufacturers. With commonsense, market-based, consu...
Energy is All Around the Holidays
Everywhere you go, whatever you do, energy – anchored by abundant U.S. oil and natural gas – is making life warmer, easier, healthier and more enjoyable. Let’s mark the holidays with a look at just a few of the gifts we enjoy, from the energy t...
New U.S. Energy Course Starts Offshore
We need to change our course on energy – in offshore policy and other areas – to benefit American consumers, U.S. businesses, our economy and the country’s energy security. Given the fact it takes years to realize the benefits of of...