MARKET WATCH: NYMEX, Brent crude oil prices split directions

Light, sweet crude oil prices on the New York market gained modestly on Feb. 20 to approach $62/bbl while Brent prices in London dropped but held above $65/bbl pending release of US government weekly inventory reports. Source: News


NASEM releases hazardous liquids transportation report

US pipelines and waterways have accommodated most of the growth in the transportation of crude oil, petroleum products, and other hazardous liquids and gases well as the US energy landscape has changed, the National Academies of Science, Engineering & Medicine’s Transportation Research Board indicated. Source: News


Cooper Energy moves semi to Victorian waters for Sole field drilling

Diamond Offshore’s Ocean Monarch semisubmersible drilling rig has begun preparations for a move to Victorian waters where it will drill a series of wells for Adelaide-based Cooper Energy Ltd., including development of Sole gas field. Source: News