Hess Corp. reported taking several additional steps in the continued execution of its plan to refocus the company’s portfolio and allocate capital to higher return assets. Source: News

West Texas LPG Pipeline LP, a joint venture of operator Oneok Inc. and Martin Midstream Partners LP, plans to invest $200 million to expand its natural gas liquids system into the Delaware basin. Source: News

Reduced spending for oil and gas exploration is limiting availability of quality deepwater assets for merger and acquisition deals, according to an IHS Markit report. Source: News

Four oil and gas trade associations and eight other energy industry groups jointly submitted comments on Oct. 23 opposing the US Department of Energy’s proposed electric grid resiliency pricing. They urged the US Federal Energy Regulatory Commission not to adopt the proposal that they said would provide financial support to otherwise uneconomic coal-fired and nuclear […]

Citing a 50% reduction in horizontal drilling costs, YPF SA and Chevron Corp. will add a third drilling rig to its 96,000-acre Loma Campana concession in Argentina’s Vaca Muerta shale before the end of October. Source: News

Statoil ASA is investigating the cause of a naphtha leak that led to an evacuation and partial shuttering of subsidiary Statoil Refining Norway AS’ 9.3 million-tonne/year in Mongstad, Norway. Source: News