Qatar lets contract for Oryx GTL plant

Oryx GTL, a joint venture of state-owned Qatar Petroleum 51% and Sasol Ltd. of Johannesburg 49%, has let a contract to a division of SNC-Lavalin Group Inc., Montreal, to provide long-term engineering and support services for its gas-to-liquids (GTL) complex at Ras Laffan Industrial City, Qatar. Source: News


MARKET WATCH: NYMEX oil, natural gas prices drop

Oil prices dropped to settle above $45/bbl on the New York market July 18 while the near-month natural gas futures price also fell on what analysts called lingering concerns about a gas storage surplus. Source: News


EIA: Bakken oil output to remain below 1 million b/d in August

Crude oil production in August from the Permian and Bakken is expected to remain below the benchmarks of 2 million b/d and 1 million b/d, respectively, according to projections from the US Energy Information Administration. Source: News