The overall US rig count failed to record an increase this week for the second time in 3 weeks as oil-directed rigs edged up. The drop in activity comes just a few days after the US Energy Information Administration slightly lowered its crude oil production forecast for 2018 given the recent decline in crude prices. […]

Oil Search Ltd., Sydney and Port Moresby, and Calgary-based High Arctic Energy Services Inc. have entered into exclusive negotiations to form a joint venture company for work in Papua New Guinea. Source: News

Rising natural gas supplies from the US along with expanding industrial demand will dramatically shift the global market through 2022, according to the International Energy Agency’s latest market analysis and 5-year gas forecast. Source: News

Pantheon Resources PLC, London, has finalized a contract with Kinder Morgan Inc. for subsidiary Kinder Morgan Treating LP, Houston, to build and operate a 15-MMcfd natural gas processing plant in Polk County, Tex., that will process production from onshore wells in East Texas jointly owned by Pantheon and partner-operator Vision Resources LLC, also of Houston. […]

Linn Midstream LLC, a wholly owned subsidiary of Houston-based Linn Energy Inc., has been renamed Blue Mountain Midstream LLC and agreed with BCCK Engineering Inc. to build the 225-MMcfd Chisholm Trail cryogenic gas plant in the Merge play of central Oklahoma. Source: News