EIA: US crude stocks down 7.4 million bbl

US commercial crude oil inventories, which exclude the Strategic Petroleum Reserve, decreased by 7.4 million bbl during the week ended Dec. 29 from the previous week. Source: News


Study urged of gulf loop current system

The National Academies of Science, Engineering, and Medicine (NASEM) has called for international, multi-institutional research, observation, and analysis of the Gulf of Mexico’s loop current system (LCS). Source: News


Oil firms agree to cut methane emissions

BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total, and Wintershall have committed to further reduce methane emissions from natural gas operations. Source: News


Borealis lets Belgian PDH FEED-study pact

Borealis AG, Vienna, has let a contract to Jacobs Engineering Group Inc., Dallas, to complete a front-end engineering design (FEED) study for its proposed propane dehydrogenation (PDH) plant at the operator’s existing production site in Kallo, Belgium. Source: News