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EIA: Natural gas in storage drops 359 bcf for week ended Jan. 5
Natural gas in underground storage across the Lower 48 was 2.767 tcf for the week ended Jan. 5, down 359 bcf from the previous week, the US Energy Information Administration estimated. Source: News
EIA STEO: Oil output forecast to reach highest average in US history in 2018
Total US crude oil production is expected to average 10.3 million b/d in 2018, up 1 million b/d from 2017. If achieved, forecast 2018 production would be the highest annual average recorded in US history, passing the 1970 record of 9.6 million b/d, according to the US Energy Information Administration’s latest Short-Term Energy Outlook. […]
US House committee passes bill aimed at streamlining offshore permitting
The US House Natural Resources Committee approved a measure that aims to streamline offshore oil and gas producers’ applications for incidental harassment authorizations not directly related to exploration and production. H.R. 3133 passed by voice vote on Jan. 10 after two amendments proposed by Democrats on the committee were defeated. Source: News
Nigeria’s Edo state due refinery
The government of Nigeria’s Edo state has signed a memorandum of understanding with a consortium of Chinese and African companies to build what could become the state’s first refinery. Source: News