Some 1.2 million b/d of crude oil production from the US Gulf of Mexico has been shut-in by operators as they brace for Tropical Storm Nate’s passage. Source: News

The US drilling rig count fell 4 units to 936 during the week ended Oct. 6, according to Baker Hughes data. Source: News

US LNG exports could play an important role in several South American countries’ future energy strategies, speakers indicated during an Oct. 5 discussion at the Atlantic Council in Washington, DC. But the countries’ governments also will be working out where private entities might have larger roles in operations where state-run entities previously have been dominant, […]

Based on a “lower-for-longer” base-case scenario, global oil prices will remain in the $50-60/bbl range until late 2020, due to increasing supply that breaks even at $50/bbl, according to to the most recent global oil supply and demand outlook from McKinsey Energy Insights (MEI). Source: News

An affiliate of BKV Oil & Gas Capital Partners LP, Denver, has agreed to acquire Marcellus shale producing interests operated by Carrizo Oil & Gas Inc., Houston, in separate deals with Carrizo and Reliance Industries Ltd., Mumbai. Source: News