Hurricane Harvey has created considerable uncertainty for gasoline supply and prices, as the area affected by the storm is home to much of the nation’s petroleum infrastructure, the US Energy Information Administration said. Source: News

Tlou Energy Ltd., Brisbane, will move ahead on coalbed methane development on the 900-sq-km prospecting license 002/2004 in western Botswana, South Africa. The Ministry of Mineral Resources, Green Technology, and Energy Security granted the company a 25-year mining license to terminate in August 2042. Source: News

Relaxation of ethanol requirements for gasoline sold in the US would help relieve pressure on fuel supplies and costs to consumers caused by Hurricane Harvey, according to the Energy Policy Research Foundation Inc. Source: News

The US Energy Information Administration reported underground natural gas storage across the Lower 48 states rose 30 bcf for the week ended Aug. 25. Source: News

Cooper Energy Ltd. will deliver gas sales of 4 MMboe/year, which is four times the company’s 2017 production, on the heels of taking a financial investment decision for its Sole natural gas field development in eastern Bass Strait offshore Victoria in southeastern Australia.   Source: News

Saipem SPA has booked three contracts with a combined value of $370 million. The company’s E&C Offshore division will construct and install deepwater umbilicals, risers, and flowlines for the development of Block 15/06 for Eni Angola SPA’s West Hub development project 350 km northwest of Luanda and 130 km west of Soyo. Source: News

The light, sweet crude oil contract for October jumped by more than $1 to settle above $47/bbl Aug. 31 while gasoline futures prices reached 2-year highs, having gained for 8 consecutive days on the New York futures market. Source: News