In its July Short-Term Energy Outlook, the US Energy Information Administration forecasts Brent crude oil spot prices will average $73/bbl in the second half of 2018 and will average $69/bbl in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average $6/bbl lower than Brent prices in the second half of 2018 and […]

Senators of the 32nd Legislature of the US Virgin Islands will hold a special session next month to evaluate a proposed $1.4-billion operating agreement between the government and ArcLight Capital Partners LLC, Boston, that could lead to the restart of the previously idled 500,000-b/d refinery at Limetree Bay, on the island of St. Croix. Source: […]

Triangle Energy (Global) Ltd., Perth, has announced the results of a static model over the Cliff Head oil field region in production license WA-31-L in the offshore Perth basin of Western Australia that indicate new prospective resources in near field exploration targets. Source: News

The UK government is offering 1,766 frontier blocks covering 370,000 sq km in its 31st Offshore Licensing Round and allowing operators to propose additional blocks in more-mature areas. Source: News

Tallgrass Energy LP, Leawood, Kan., and Silver Creek Midstream LLC, Irving, Tex., launched a binding open season soliciting additional shipper commitments for Niobrara (API 34°– 42°) crude oil transportation service on the Iron Horse Pipeline. Source: News

Oryx Midstream Services II LLC operating subsidiaries have launched a joint binding open season to secure volume commitments and/or acreage dedications to support the previously-announced regional crude oil gathering and trunk line transportation systems, which will serve the Delaware basin in Texas and New Mexico. Source: News

Partial production is scheduled to be restored at Syncrude Canada Ltd.’s Mildred Lake oil sands complex near Fort McMurray, Alta., in late July following a June 20 power outage that shut down all processing units, partners in the joint venture said July 9. Source: News