Tupi lets another contract for Brazil’s P-68 FPSO

Tupi BV has let a $145-million contract to Estaleiro Jurong Aracruz (EJA) to handle hull work for the P-68 floating production, storage, and offloading vessel to be installed on Tupi field in the Santos basin offshore Sao Paulo, Brazil. EJA is the Brazilian subsidiary of Sembcorp Marine. Source: News


MARKET WATCH: NYMEX crude oil prices gain more than $1/bbl

The US light, sweet crude oil contracts for October and November jumped more than $1 to each settle above $49/bbl Sept. 13 on the New York market, the highest in a month. The Brent contract for November settled above $55/bbl on the London market, its highest since April. Source: News


Enable Midstream to acquire Align Midstream

Enable Midstream Partners LP has agreed to acquire Align Midstream LLC from Tailwater Capital LLC for $300 million. Source: News


Congress could tackle legislation important to energy, Gerard says

American Petroleum Institute Pres. Jack N. Gerard expressed confidence that the 115th Congress could pass important energy legislation before yearend because the oil and gas industry is so essential to the general US economy. “If it wasn’t apparent before, it became obvious the past 2 weeks during Hurricanes Harvey and Irma,” he told OGJ during […]