Guyana ministry mulls onshore oil, gas facility

Guyana’s Ministry of Natural Resources has announced plans to build an onshore oil and gas facility in that country as it attempts to optimize opportunities from the massive ExxonMobil Corp. oil discovery and future petroleum exploration and production. Source: News

IEA: Oil outlook darkened by demand growth slump, production rise

In its September Oil Market Report, the International Energy Agency said a slowdown in global oil demand growth, coupled with rising global oil production and swelling inventories, means the world oil market may take longer than expected to return to balance. Source: News

Ineos lets contract for Chocolate Bayou LAO unit

Ineos Oligomers, a division of Ineos AG, Rolle, Switzerland, has let a contract to Jacobs Engineering Group Inc., Pasadena, Calif., to design and build a linear alpha olefin (LAO) unit at Ineos Olefins & Polymers USA’s Chocolate Bayou petrochemical complex in Alvin, Tex. Source: News

Oklahoma, EPA shutting down 32 disposal wells

Oklahoma state and US Environmental Protection Agency regulators said 32 disposal wells in northeastern Oklahoma must shut down following the discovery of a fault line believed to have caused a 5.3-magnitude earthquake on Sept. 3. Source: News

EIA counts 5,000 DUC wells in major US shale regions

Estimates by the US Energy Information Administration indicate the August count of drilled but uncompleted (DUC) wells in the seven major US shale oil and gas-producing regions totaled 5,031, down slightly from the 5,065 counted in July. Source: News