Tangguh LNG partners let contract for third train

The BP PLC-led Tangguh partnership has let a contract to GE Oil & Gas to provide equipment for Train 3 of the $12-billion Tangguh LNG expansion project in Teluk Bintuni Regency of Indonesia’s Papua Barat province. Source: News


EIA: US crude stockpiles dropped slightly last week

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, declined 600,000 bbl during the week ended Sept. 9 from the previous week’s total, the US Energy Information Administration reported. Source: News


MARKET WATCH: NYMEX, Brent oil prices drop more than $1/bbl

The light, sweet crude oil contract for October delivery dropped more than $1/bbl on the New York market Sept. 13 as did Brent crude oil prices on the London market on suggestions that world oil oversupply could continue longer than some analysts previously expected. Source: News


Groups troubled over halted work on part of Dakota Access pipeline

The Obama administration’s withdrawal of a permit for construction of the Dakota Access crude oil pipeline when work was already under way is both unprecedented and deeply troubling, the presidents of the American Petroleum Institute and North America’s Building Trades Unions said. Source: News