TransCanada to further expand Mexican gas pipeline network

Mexico’s state-owned power company Comision Federal de Electricidad (CFE) has chosen TransCanada Corp. to build, own, and operate the Tula-Villa de Reyes natural gas pipeline in Mexico. Source: News


New Montrose platform topsides leaves yard

Topsides of a bridge-linked platform to accommodate Montrose area redevelopment in the Central North Sea has departed the Heerema Fabrication Group’s Zwinjdrecht yard south of Rotterdam. Source: News


MARKET WATCH: NYMEX oil price for May approaches $40/bbl

Light, sweet crude oil prices for May delivery climbed by more than $2/bbl on the New York market Apr. 8, settling at $39.72/bbl while Brent prices for June delivery rose about $2.50/bbl on the London market and settled at nearly $42/bbl. Source: News


Watching Government: China considers its choices

Policies to address environmental problems will be crucial as China pursues future energy and economic strategies, a leading official at China’s Academy of Social Sciences said. Source: News


Norwegian gas processing plant due capacity revamp

Gassco AS, operator for Gassled-a joint venture of oil and gas companies on the Norwegian continental shelf and the owner of Norwegian gas transportation systems-is planning to boost capacity for handling rich gas by yearend at its 90 million-cu m/day Karsto gas processing plant near Haugesund on Norway’s west coast. Source: News


EIA: Costs of US oil, gas wells declined since 2012

Average well drilling and completion costs in five key onshore areas in the US evaluated in 2015 were between 25% and 30% below the 2012 level, when costs per well were at their highest point over the past decade, according to the US Energy Information Agency’s recent study, Trends in US Oil & Natural Gas […]