BOEM issues draft PEIS with stronger G&G protective measures for gulf

The US Bureau of Ocean Energy Management released a draft programmatic environmental impact statement (PEIS), which recommends stronger protections for marine mammals and environments in the Gulf of Mexico from potential impacts from oil and gas geophysical surveys. Source: News

OMV to drill 12 wells in Lower Austria in 2017

OMV AG, Vienna, plans to drill 12 wells in the Weinviertel area of Lower Austria in 2017. Lower Austria is in northeastern Austria. Source: News

OPEC agrees to consider production cuts

Ministers of the Organization of Petroleum Exporting Countries have agreed to consider trimming aggregate member production by as much as 740,000 b/d in response to a halving over the past 2 years in the price of crude oil. Source: News

EIA: US underground natural gas storage rises to 3.6 tcf

Natural gas stored underground across the Lower 48 rose 49 bcf for the week ended Sept. 23 to an estimated 3.6 tcf, the US Energy Information Administration reported Sept. 29. Source: News

MARKET WATCH: NYMEX, Brent crude oil prices jump more than $2/bbl

Light, sweet crude oil prices on the New York market soared more than $2/bbl as did Brent crude oil prices on the London market Sept. 28 as market participants digested the decision made by the Organization of Petroleum Exporting Countries to wait until Nov. 30 to act on a proposed production change. Source: News