Encana advances condensate-focused Montney program

Encana Corp., Calgary, expects its Montney acreage in western Canada to produce 70,000 b/d of liquids, most of which will be condensate, as well as 1.2 bcfd of natural gas by 2019. Source: News


Timor Resources secures Timor-Leste onshore permits

Timor Resources Holdings (TRH), a member of New South Wales engineering company Nepean Group, has been awarded two onshore oil and gas permits in Timor-Leste. Source: News


Australian government resurrects west-east gas pipeline concept

The long-considered concept of a natural gas pipeline linking fields in Western Australian to markets along the country’s east coast has been resurrected by the federal government as a possible way to solve the looming domestic gas supply shortages in the east. Source: News


MARKET WATCH: NYMEX oil price hovers around $50/bbl; Brent, $53/bbl

The light, sweet crude oil prices for May delivery fell modestly on the New York market Apr. 20 but settled above $50/bbl while Brent crude oil for June delivery gained slightly to settle at nearly $53/bbl on the London market. Source: News


API: US petroleum demand in March at highest level since 2008

Total petroleum deliveries in March increased 0.2% from March 2016 to average nearly 19.7 million b/d—the highest March deliveries in 9 years, according to data from the American Petroleum Institute. Source: News


Warren, Markey ask FERC to halt pipeline’s construction for rehearing

Massachusetts’ two US senators asked the Federal Energy Regulatory Commission to revoke its Apr. 12 permission for Tennessee Gas Pipeline Co. (TGP) to begin construction of a natural gas pipeline project in the western Bay State until a rehearing can be held. Nearly a year has passed since FERC granted a request for the rehearing, […]