EIA: US crude inventories down 7.6 million bbl

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, dropped 7.6 million bbl during the week ended July 12 compared with the previous week’s total, the US Energy Information Administration reported. Source: News

Halcon to sell its operated Williston assets for $1.4 billion

Halcon Resources Corp., Houston, has agreed to sell its operated oil and gas properties in the Williston basin to Bruin E&P Partners LLC, a Houston portfolio company of private equity firm ArcLight Capital Partners LLC, for $1.4 billion. The move further solidifies Halcon’s new Delaware basin focus. Source: News

Canada Kuwait Petrochemical lets contract for proposed Alberta PP complex

Canada Kuwait Petrochemical Corp. (CKPC), a joint venture of Pembina Pipeline Corp., Calgary, and Petrochemical Industries Co. KSC of Kuwait, has let a contract to Honeywell International Inc. subsidiary Honeywell UOP LLC to license its proprietary C3 Oleflex technology for a proposed 1.2 billion-lb/year integrated propylene and polypropylene (PP) production complex in Sturgeon County, Alta., […]

National trade groups back appeal of NY gas pipeline permit denial

The American Petroleum Institute and four other US trade associations filed an amicus brief supporting National Fuel Gas Co.’s federal court appeal of the New York State Department of Environmental Conservation’s denial of water quality certificates for the Northern Access natural gas pipeline project. Source: News