Pipeline incidents down in last 5 years, AOPL-API report says

Liquid pipeline incidents affecting the public or the environment have fallen 19% in the last 5 years, the Association of Oil Pipelines and American Petroleum Institute jointly said in their 2018 Pipeline Safety Excellence Report.  Source: News

Shell makes FID on Vito development in Gulf of Mexico

Shell Offshore Inc. will construct and fabricate a simplified host design and subsea infrastructure for Vito, a deepwater development covering four blocks in the Mississippi Canyon area of the Gulf of Mexico. The development will consist of eight subsea wells with deep (18,000 ft) in-well gas lift and is expected to begin production in 2021.  […]

Halliburton writes off Venezuelan investment

In another sign of deterioration of Venezuela’s oil and natural gas industry, Halliburton Co. is writing down its remaining investment in the economically distressed member of the Organization of Petroleum Exporting Countries.  Source: News

Saskatchewan joins Alberta in BC squeeze

Saskatchewan’s government has joined Alberta in implicitly threatening to restrict energy movement to British Columbia, raising stakes in a dispute over expansion of the Trans Mountain pipeline system. Source: News

Taiwan’s Formosa advances $9.4-billion Louisiana petchem project

Formosa Petrochemical Corp., a member of Taiwan’s Formosa Plastics Group, is moving forward with its previously announced plan to build a $9.4-billion ethane cracking and petrochemical complex along on the west bank of the Mississippi River in St. James Parish, La.  Source: News