Survey finds support for gas pipelines in New England

Around half of the registered voters in four New England states support constructing more natural gas pipelines to help reduce power generation costs and consumers’ electric bills in the region, results of a poll that the Consumer Energy Alliance released on June 20 suggested. Source: News

DuPont lets contract for Texas ethylene plant

E.I. DuPont de Nemours & Co. has let a contract to CB&I, Houston, to provide engineering, procurement, and construction (EPC) for an ethane-cracking furnace expansion project at DuPont’s 680,000-tonne/year Sabine River Works ethylene plant in Orange, Tex. Source: News

FAR, Woodside Senegal dispute taken to arbitration

Perth company FAR Ltd. has moved to arbitration to resolve the current joint operating agreement dispute regarding the company’s right to pre-empt the sale of ConocoPhillips’ interest in three blocks, including one containing the recent SNE oil discovery offshore Senegal. Source: News

UK oil and gas survey notes confidence

Confidence is returning to the UK oil and gas industry, according to an annual survey by the Bank of Scotland. Source: News

Oil companies in group seeking carbon tax

Four major oil companies have joined a nongovernmental initiative to impose a carbon tax in the US as a precaution against catastrophic climate change. Source: News

EIA data show 2.5 million-bbl US oil inventory drop

US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, decreased 2.5 million bbl to an estimated 509.1 million bbl total for the week ended June 16 compared with the previous week, the Energy Information Administration reported. Source: News

ESAI: US shale oil production growth to slow in 2018

ESAI Energy forecasts that US shale oil production will reach 5.6 million b/d by Dec. 31, more than 1 million b/d higher than at the end of 2016. But the pace of growth is expected to slow in 2018 as current oil prices below $50/bbl are likely to hinder the momentum of rig additions. […]