Pioneer Natural Resources Co. expects production to restart at diminished rates by early April from its portion of West Panhandle gas field in Texas, which it shut in Mar. 6 after a fire heavily damaged a compressor station. The fire was contained within the station and caused no injuries.  Source: News

A US federal appeals court denied the New York Department of Environmental Conservation’s appeal of the Federal Energy Regulatory Commission’s decision that NYSDEC waived authority to issue or deny a water-quality certification for the Millennium natural gas pipeline’s 7.8-mile Valley Lateral when the state agency did not act within the federal Clean Water Act’s Section […]

US Environmental Protection Agency Administrator Scott Pruitt issued a guidance memorandum clarifying the process for evaluating projects under the major New Source Review (NSR) program. EPA said the Mar. 13 memo streamlines permitting without sacrificing environmental protections, and reduces burdens to develop and expand facilities while encouraging companies to reduce pollution.   Source: News

Statoil AS and its partners have committed 5 billion kroner and started work on the next steps in the development of Snohvit field in the Barents Sea. Development of Askeladd field is the second phase of the multiphased Snohvit development, which will provide feedstock for the LNG plant at Melkoya in Hammerfest. Source: News

Conditions in Venezuela have deteriorated under the Maduro regime to a point where other countries are beginning to consider ways to intervene and rescue the country’s citizens who haven’t fled already, speakers suggested during a Mar. 13 discussion at the Atlantic Council. Source: News

The Organization of Petroleum Exporting Countries raised its expectation for oil supply growth from US shale and other non-OPEC producers, the cartel’s Monthly Oil Market Report said. In 2018, world oil demand is anticipated to rise by 1.6 million b/d to average 98.63 million b/d, marginally higher than the assessment that OPEC made a month […]

The Japanese-owned operator of Al Bunduq oil field shared by quarreling Abu Dhabi and Qatar has won a new concession. In a statement, Qatar Petroleum said it signed a concession agreement with the Abu Dhabi Supreme Petroleum Council, Abu Dhabi National Oil Co., operator Bunduq Co., and United Petroleum Development Co., a Japanese consortium that […]

US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 5 million bbl for the week ended Mar. 9 vs. the previous week, the US Energy Information Administration said. Source: News