US midstream industry anticipates surge in ethane demand, exports

With the start of deepwater ethane exports from Sunoco Logistics Partners LP’s Marcus Hook, Pa., terminal in first-quarter 2016 and Enterprise Products Partners (EPP) LP’s terminal at Morgan’s Point, Tex., in the third quarter, the US midstream industry entered a new era. Source: News


Data analytics optimize drilling technology

Oil and gas companies increasingly are using data to improve drilling practices. Rigs provide massive amounts of data to help engineers optimize well performance to reduce downtime and associated costs. Source: News


Chevron begins gas production from Alder field in North Sea

Chevron North Sea Ltd. has started production from the Alder high-pressure, high-temperature (HPHT) natural gas-condensate field 160 km from the Scottish coastline in the central North Sea. Source: News


Yukon court overturns approval for ExxonMobil takeover of InterOil

The Court of Appeal of Yukon has overturned the Supreme Court of Yukon’s prior approval of ExxonMobil Corp.’s $2.5-billion takeover of InterOil Corp. following the challenge by dissident InterOil shareholder and former Chief Executive Officer Phil Mulacek. Source: News


MARKET WATCH: NYMEX, Brent crude oil ended week down on OPEC uncertainty

Crude oil prices fell on both the New York and London markets on Nov. 4, marking overall weekly declines of about $5/bbl each. Both benchmarks dropped on escalating doubts that members of the Organization of Petroleum Exporting Countries will be able to agree on how to cut crude oil production. Source: News