MARKET WATCH: NYMEX oil prices fall below $30/bbl, gasoline price dips

Light, sweet crude for March delivery settled under $30/bbl on the New York Mercantile Exchange Feb. 2 but prices were on the rise in early Feb. 3 trading awaiting release of the weekly government inventory, which showed a bigger-than-expected gain. Source: News


Decision looms for gas fields off Poland

Plans to develop two natural gas and condensate fields offshore Poland have advanced with the award of a preliminary contract for an onshore gas plant.  Source: News


Total, Pertamina sign long-term LNG supply deal

Total SA has signed long-term agreements with Indonesia’s state-owned PT Pertamina for LNG supply over a period of 15 years starting in 2020. Source: News


Cabot slashes 2016 capital budget by 58%

Cabot Oil & Gas Corp., Houston, has set its 2016 capital budget at $325 million, down 47% from its preliminary budget reported in October and 58% from its 2015 capital program. Source: News