Baker Hughes’ overall US rig count increased this week by its largest margin in 2 months, driven by more oil-directed drilling and activity in Utah and the Gulf of Mexico. Source: News

Zhejiang Satellite Petrochemical Co. Ltd., also known as Zhejiang Satellite Energy Co. Ltd., has let a contract to Germany’s Siemens AG to supply a reactor effluent compressor train for the second phase of its propylene dehydrogenation (PDH) plant in Pinghu City, Zhejiang Province, China. Source: News

Canada’s National Energy Board estimates in-place 3.4 billion bbl of marketable light oil in Alberta’s Duvernay shale, which covers nearly 20% of the province from just below Grande Prairie to just north of Calgary and east of Edmonton. Source: News

Epic Y Grade Pipeline LP, a subsidiary of Epic Y Grade Services LP and Epic Midstream Holdings LP, has agreed with BP Energy Co., a subsidiary of BP PLC, to anchor a 650-mile NGL pipeline that will link the Permian and Eagle Ford regions to Gulf Coast refiners, petrochemical companies, and export markets. Source: […]

Third-quarter oil and gas activity in the Eleventh Federal Reserve District encompassing Texas, southern New Mexico, and North Louisiana expanded for a sixth straight quarter, but growth slowed compared with the second quarter, according to the latest Federal Reserve Bank of Dallas Energy Survey of upstream industry executives in the region. Source: News

Karoon Gas Australia Ltd., Melbourne, has successfully bid for a 171-sq-km offshore block in the Santos basin just south of Rio de Janeiro. The award comes as part of Brazil’s 14th bid round. Source: News

Light, sweet crude oil prices dropped on the New York market Sept. 28 to settle below $52/bbl while Brent also fell to settle below $58/bbl for a second consecutive day in London. Source: News