According to data from the American Petroleum Institute, total US petroleum deliveries, a measure of petroleum demand, moved up 1.6% in August from the same period last year to average 20.1 million b/d. These were the highest August deliveries since 2007. Source: News
MARKET WATCH: NYMEX crude oil falls to end week just above $43/bbl
The light, sweet crude oil contract for October delivery dropped on the New York market Sept. 16 to end the week with a settlement just above $43/bbl, marking its lowest settlement in about 5 weeks. Brent crude oil for November delivery, meanwhile, also fell on the London market to settle below $46/bbl. Source: News
19 Sep 2016 10:00:07 EDT – The latest stock information is now available for your stocks
XOM Last 84.29 Change +0.26 % Change 0.31% Volume 836,696 As of: 19 Sep 2016 10:00:07 EDT View: Stock Quote | News CVX Last 98.61 Change +0.77 […]
LyondellBasell's La Porte complex due HDPE plant
LyondellBasell Industries NV has decided to build its recently approved project for a US Gulf Coast high-density polyethylene (HDPE) plant at the company’s La Porte, Tex., manufacturing complex along on the south shore of the Houston Ship Channel (OGJ Online, July 29, 2016). Source: News
Watching Government: Why marginal wells matter
Terminology can seem to trivialize something that is actually quite important. Consider US marginal crude oil and natural gas wells. Individually, they produce 10 b/d of crude or 60 Mcfd of gas or less. Collectively, they matter a lot, a recent Interstate Oil & Gas Compact Commission report showed. Source: News
Anadarko to buy FMOG's deepwater gulf assets for $2 billion
Anadarko Petroleum Corp., Houston, has agreed to acquire the deepwater Gulf of Mexico assets belonging to Freeport McMoRan Oil & Gas (FMOG), a subsidiary of Phoenix-based mining firm Freeport-McMoRan Inc., for $2 billion. Source: News
EOG, Yates to merge in $2.5-billion deal
Source: News
EIA counts 5,000 DUC wells in major US producing regions
Estimates by the US Energy Information Administration indicate the August count of drilled but uncompleted (DUC) wells in the seven major US tight oil and shale gas producing regions totaled 5,031, down slightly from the 5,065 counted in July. Source: News
Activists' veto power
Activists have received veto power over pipeline projects in the US. Suddenly, infrastructure investments face new risk. Source: News
Safety at risk
During what has now become a prolonged downturn for the oil and gas industry, authorities worldwide are keeping their sights set on maintaining high safety standards in oil and gas operations, particularly offshore. Source: News