The Southern Corridor natural gas pipeline system, which aims to transport gas 2,175 miles from the Caspian Sea to southern Europe, is on schedule and expected to come in under budget, a BP PLC official told an Atlantic Council forum on Sept. 21. Source: News

The Baltim South West 2X appraisal well, drilled in the Nile Delta, encountered an 86-m net gas column in two sand layers of Messinian age with excellent reservoir characteristics. Source: News

A process upset at Neste Corp.’s 10.5 million-tonne/year Porvoo refinery in the Kilpilahti Industrial Area, about 20 miles east of Helsinki, Finland, has led the operator to advance planned maintenance activities on diesel production line 4 (PL4) ahead of its previously scheduled spring-2017 turnaround. Source: News

Shareholders of Singapore-based InterOil Corp. have overwhelmingly voted to approve ExxonMobil Corp.’s $2.5-billion bid for the company at a special meeting on Sept. 19. More than 80% of shareholders voted in favor of the deal. Source: News

Atlantic Coast Pipeline LLC, which has proposed a 600-mile, 1.5-bcfd natural gas transmission pipeline to bring Marcellus-Utica shale gas to Virginia and North Carolina, has signed a construction contract with Spring Ridge Constructors LLC, a joint venture of pipeline construction companies Price Gregory International Inc., a Quanta Services Inc. company; US Pipeline Inc.; SMPC LLC; […]

The light, sweet oil contract for November rose by more than $1/bbl on the New York market to settle above $45/bbl Sept. 21 after the US crude inventory fell for a third consecutive week. Analysts attributed the latest inventory drop to increased refinery activity. Source: News