Quadrant group confirms oil find with well off Western Australia

A partnership of Quadrant Energy Ltd. and Carnarvon Petroleum Ltd. has confirmed an oil discovery in the Caley member of the Dorado-1 wildcat in permit WA-437-P in the Bedout subbasin off Western Australia as well as confirming the presence of gas and condensate in the top of the underlying Baxter member. Source: News


US Congressmen offer bill to reduce LNG permit backlog at FERC

US Reps. Pete Olson (R-Tex.) and Gene Green (D-Tex.) introduced legislation that would help the US Federal Energy Regulatory Commission offer higher salaries to specialized engineers who play critical roles in reviewing applications to construct LNG projects. Source: News


IMO 2020 solutions

To one of its biggest problems in decades, the refining industry might find solutions in its scrapyard. Strategically restarting idle capacity can help keep ships at sea as standards tighten for sulfur in bunker fuel. Source: News


Gulf methane hydrates

Plans are progressing for the next stage of methane hydrate scientific drilling by the University of Texas at Austin (UT) and its partners on the US Outer Continental Shelf (OCS). Researchers hit a momentary snag regarding research vessels. Source: News


MARKET WATCH: Oil prices drop on hints of rising world oil supply

Oil prices fell on the New York and London markets July 27, ending the week with falling prices after three consecutive days of crude price gains. Traders and analysts attributed the price drop to hints of increasing oil supply from Russia’s energy minister. Source: News