New modeling tools delivered excellent predictions of removal rates of H2S, CO2, and mercaptans along with total acid gas volumes. Simulation studies noted particularly strong agreement in characterizing the performance of aged solvent. Source: News

Light, sweet crude oil prices settled modestly higher on the New York market at just above $53.80/bbl Feb. 3 after touching a trading-session high of $56.18/bbl. Brent crude closed on the London market above $56.80/bbl after touching above $59/bbl on Feb. 3. Source: News

Delek Group, Tel Aviv, has agreed to buy shares of North Sea producer Ithaca Energy Inc., Aberdeen, it doesn’t now own for $555 million. Source: News

Acoustic time and density have a poor relation with brittleness while elasticity has a good linear correlation with brittleness. Variable compressive strength causes irregular brittleness distribution, meaning rock strength cannot indicate brittleness. Source: News

Scale formation is a critical problem for gas injection-well operators in southern Iranian oil fields. Scale precipitation can restrict gas injection, resulting in complete injection blockage. Source: News

Idaho completed its first full year of commercial natural gas production in 2016, making it the 31st US state to produce hydrocarbons. Drilling activity will most likely continue through 2017 as small operators keep moving into Idaho’s prospective counties. Source: News

India’s upstream sector’s history suggests that the government’s varying roles of policy maker, regulator, and operator has led to conflicts of interest and eroded investor confidence. India could better develop competitive, transparent, and efficient oil and gas operations by forming an independent regulator. Source: News