MARKET WATCH: NYMEX oil prices drop pending US inventory report

Light, sweet crude oil for October delivery dropped modestly to settle below $49.50/bbl on Sept. 19 as traders and analysts awaited release of the weekly US government report on oil and product inventories on Sept. 20. Source: News


WoodMac: Permian basin production growth could slow early next decade

Operators implemented technology to rapidly increase Permian basin production and they are poised to continue increasing Permian production. But Wood Mackenzie Ltd. suggests geological constraints could lead to long-term production growth declines, perhaps early next decade. Source: News


Trinidad and Tobago’s new master gas plan routes LNG through NGC

BP PLC and Royal Dutch Shell PLC may no longer be allowed to sell natural gas directly to Atlanic LNG (ALNG) and will have to transport its gas to ALNG via Trinidad and Tobago’s National Gas Co. (NGC), according to the recommendations contained in the Caribbean twin-island nation’s Natural Gas Master Plan (NGMP). Source: […]