Singapore-based Jadestone Energy Inc. has reported an average production rate from Stag oil field in licence WA-15-L off Western Australia of more than 3,600 b/d for the 10-day period to Oct. 14. Source: News

ExxonMobil Chemical Co. has started up production from the first of two 650,000-tonne/year high-performance polyethylene (PE) lines at its plastics plant in Mont Belvieu, Tex. Source: News

Ophir Energy PLC, Equatorial Guinea’s Ministry of Mines and Hydrocarbons, and the country’s national oil company GEPetrol have signed a production-sharing contract for Block EG-24 offshore Rio Muni. Source: News

For a fourth straight week, US crude oil stockpiles fell while gasoline inventories climbed, data from the US Energy Information Administration indicates. Source: News

Crude oil prices held flat on the New York and London markets Oct. 17 as oil investors monitoring political tensions in the Middle East and awaited the release of the weekly US oil and product inventory. Source: News

Continental Resources Inc. has sold about 1 million bbl of Bakken oil to Atlantic Trading & Marketing Inc. (ATMI), which intends to export the oil to China. Daily sales transactions of 33,500 b/d will take place from Cushing, Okla., beginning in November. ATMI will load China-bound tankers in Texas ports to begin the transport process. […]

More than 5 decades of success off its coast farther south is helping Norway move ahead in seeking additional oil and gas resources in the Barents Sea, a government official indicated on Oct. 17.   Source: News