WorldOil Saudi supply disruption puts the 630-MMbbl U.S. oil reserve in play Energy Secretary Rick Perry is ready to draw down stocks from the Strategic Petroleum Reserve “to offset any disruptions to oil markets as a result of this act of aggression,” his spokeswoman said. Perry also ordered officials to work with the International Energy Agency on possible options for coordinated action. South Africa revives plan to take free stake in energy projects South Africa’s government is drafting a new law that aims at securing it a free stake in all new oil and gas ventures, revising the terms of a proposal shelved four years ago. Oil and gas companies that have secured exploration rights have held back on costly drilling while they await clarity from the government on the commercial terms. Trump administration paves way for Arctic drilling rights sale The Trump administration on Thursday took a major step toward auctioning oil drilling rights across every acre of the Arctic National Wildlife Refuge’s coastal plain, hours after the House of Representatives voted to outlaw the activity. API gathers experts to highlight global benefits of U.S. LNG exports “U.S. natural gas is meeting growing American energy needs, and at the same time, U.S. LNG exports are improving global conditions and reducing emissions by spreading the benefits of abundant energy to our allies around the world,” said API president and CEO Mike Sommers. BSEE approves deepwater spill response single-vessel solution technology Production Technology and Services announced the Bureau of Safety and Environmental Enforcement deems the PTS-supplied temporary processing equipment suitable for use as a part of HWCG’s single vessel solution, according to the company. House to vote on barring Arctic drilling to squeeze GOP in 2020 The House is poised to vote Thursday to again bar oil and gas drilling in Alaska’s Arctic National Wildlife Refuge, as Democrats seek to put Republicans on the record on tough environmental issues for the 2020 election. Executive viewpoint The time has come for an Appalachian Storage Hub House Democrats seek to block oil drilling along U.S. coasts The U.S. House of Representatives is set to vote Wednesday on two proposals for limiting drilling in U.S. coastal waters, including an effort to permanently ban rigs near Florida, as Democrats seek to demonstrate their opposition to fossil fuels and emphasize Republicans’ sustained support for oil. Voters deliver warning to Norway’s oil industry Parties that want to rein in the country’s golden goose made significant gains in Monday’s local elections. That raises the prospect of more advances for those forces that want to limit drilling in the Nordic nation, which supplies 25% of the European Union’s natural gas. Refinery exec sees European plants halting after IMO 2020 kicks in Multiple oil refineries in Europe will be too unprofitable to continue trading once the industry has dealt with sweeping new rules governing shipping fuel that start next year, according to an executive at a UK plant.