As a preview of Energean Oil & Gas SA’s estimated $5 million spend for 3D surveys and geological and geophysical studies in 2018, the company has reported that its two offshore Montenegro blocks could contain 1.8 tcf of natural gas and 144 million bbl of liquids, or a total of 438 million boe. Source: […]

The US Department of Energy announced as much as $26 million in financial assistance for cost-shared research and development projects through its Fossil Energy Office. Selected projects will study ways to reduce both costs and emissions for both coal and natural gas-fired power plants under DOE’s Carbon Capture Program. Source: News

Samsung Heavy Industries Co. Ltd. has been let a contract to build an LNG-floating storage and regasification unit for about $221.2 million. Source: News

Price increases accompanying economic reform will lower demand for gasoline in diesel again next year in Saudi Arabia, predicts ESAI Energy LLC, Boston. Source: News

US Sens. Bill Cassidy (R-La.) and Marco Rubio (R-Fla.) introduced a bill on Oct. 18 aimed at facilitating federal approval of US LNG exports as much as 51.1 bcf/year. Source: News

The light, sweet crude oil price contract for November delivery gained modestly on Dec. 18 but fell in early Oct. 19 trading during a week characterized by mixed energy trading, which analysts attribute largely to rising political tensions in the Middle East. Source: News