New England consumers, who will pay much more for electricity and natural gas than their counterparts elsewhere in the US because of inadequate interstate gas pipeline capacity, are the exception to an otherwise good supply picture heading into the winter heating season, the American Petroleum Institute’s chief economist said. Source: News

Nabors Industries Ltd. reported the signing of an agreement to form a joint venture in Saudi Arabia to own, manage, and operate onshore drilling rigs. The JV, which will be equally owned by Saudi Aramco and Nabors, is expected to be formed and commence operations in second-quarter 2017. Source: News

TransCanada Corp. reported that the Canadian government has given the go-ahead on the pipeline operator’s $1.3-billion NGTL System expansion project, which includes five pipeline sections totaling 230 km and the addition of two compression facilities. Source: News

Chevron Corp. has encountered a $5-billion cost blow-out with its Wheatstone LNG project in Western Australia. Source: News

Consol Energy Inc., Pittsburgh, and Noble Energy Inc., Houston, have agreed to separate their 50-50 joint venture formed in 2011 for the exploration, development, and operation primarily of Marcellus shale properties in Pennsylvania and West Virginia. Source: News