BP sets 2017 capital spending at $16-17 billion

BP PLC reported plans in 2017 to spend $16-17 billion, which is equal if not slightly more than the $16 billion the firm spent in 2016. Source: News


Gazprom lets contract for Portovaya LNG plant

Russia’s PJSC Gazprom, through a contractor, has let a contract to Linde AG, Munich, to provide licensing for a midscale LNG production, storage, and shipment complex in Portovaya, Russia, at the Baltic Sea. Source: News


Pennsylvania DEP seeks comments on proposed methane emissions rules

Pennsylvania’s Department of Environmental Protection opened a 45-day public comment period on Feb. 4 on two general permits and revisions to an air quality permit exemption for reducing methane and other pollutants at well sites and compressor stations associated with natural gas drilling and transportation. Comments will be accepted until Mar. 21, it said. […]


MARKET WATCH: NYMEX crude prices drop on higher rig count ahead of production data

Light, sweet crude oil prices dropped more than 80¢/bbl on the New York market Feb. 6 as market participants adjusted to a rising US rig count and its possible consequences on production cuts being made by other major producers in efforts to drain massive oil inventories worldwide. Source: News