ExxonMobil Corp. plans to triple total daily production from its Permian basin operations by 2025 and invest $2 billion in terminal and transportation expansions to support the operations, spurred by changes to the US corporate tax rate and increased low-cost supply.

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) reported Jan. 26 that it has lifted the notice to suspend operations for the SeaRose floating production, storage, and offloading vessel and associated facilities.

Suncor Energy, Calgary, reported that the Fort Hills oil sands project in northern Alberta is continuing its steady production ramp-up following the safe startup of secondary extraction on Jan. 27.

Noble Energy Inc., Houston, has signed a definitive agreement to sell 7.5% working interest in Tamar field offshore Israel to Tamar Petroleum Ltd. in a cash-and-stock transaction worth a total $800 million.

A United Steelworkers official called for reforms in the federal Renewable Fuel Standard after Philadelphia Energy Solutions LLC announced that it was seeking federal bankruptcy protection because of high costs incurred in meeting the regulation’s renewable fuel quotas.

Light, sweet crude oil for March delivery on the New York market fell slightly to settle below $66/bbl on Jan. 29 due in part to a strengthening dollar and continued US crude output increases.

Washington Gov. Jay Inslee (D) notified the state’s Energy Facility Site Evaluation Council that he agrees with its Dec. 19 recommendation to reject a proposed crude oil rail-to-marine terminal at the Port of Vancouver. The governor specifically mentioned a possible earthquake, crude oil spill, or fire and explosion as major concerns in his Jan. 29 letter to EFSEC Chair Kathleen Drew.