The light, sweet crude oil contract for October gained but held below $70/bbl on the New York market Sept. 4 when US commodity trading resumed after the Sept. 3 Labor Day holiday in the US. Brent crude oil for November also gained slightly, settling above $78/bbl. Source: News
IECA seeks congressional hearings to toughen gas pipeline security
The Industrial Energy Consumers of America asked congressional energy leaders to hold hearings examining natural gas pipeline cybersecurity. “It is well known that US national energy infrastructure is regularly under attack by entities that wish to do great harm. When so much is resting on the reliability of natural gas pipelines, we cannot help but […]
LLOG Exploration brings deepwater gulf wells online
LLOG Exploration Co. LLC, Covington, La., has brought online several wells in the deepwater Gulf of Mexico and will move forward with additional development projects. Source: News
Norway’s PSA gives MOL Norge nod for exploration well
Norway’s Petroleum Safety Authority (PSA) granted permission for MOL Norge to proceed with its plan to drill an exploration well in the Norwegian North Sea targeting the Oppdal-Driva prospect. Source: News
PHMSA, FERC sign MOU to expedite LNG export application reviews
The US Pipeline & Hazardous Materials Safety Administration and Federal Energy Regulatory Commission jointly signed a memorandum of understanding on Aug. 31 to expedite coordination between the agencies during permit application reviews for proposed LNG export facilities. Source: News
Flywheel to buy Fayetteville shale assets in $1.87-billion deal
Privately backed Flywheel Energy LLC has agreed to acquire from Southwestern Energy Co. the company’s Fayetteville shale business and related midstream gathering assets for $1.865 billion in cash. Southwestern will divest 915,000 net acres, 4,033 operated producing wells, 3.7 tcf of proved reserves as of yearend 2017, anticipated production of 225-230 bcf in 2019, and associated […]
Flint Hills Resources plans Ingleside expansion
Flint Hills Resources, Ingleside, Tex., plans to expand storage and outbound crude loading capacity at its storage terminal in Ingleside, Tex., to 380,000 b/d. Source: News
Gas well inspections broke records in 2017, PDEP reports
Inspections of both conventional and unconventional natural gas wells broke records during 2017 in Pennsylvania, the state’s Department of Environmental Protection reported on Aug. 31. Program efficiencies including faster form submissions for operators and progress on improved e-permitting options helped raise compliance inspections to more than 36,000, PDEP said in its 2017 Oil and Gas […]
Sonatrach lets provisional EPC contract for LPG train
State-owned Sonatrach has provisionally let a contract to a subsidiary of Maire Tecnimont SPA, Milan, to provide engineering, procurement, and construction services for implementation of a fourth LPG processing train inside Sonatrach’s existing ZCINA gas processing complex in central Algeria’s Hassi Messaoud area. Source: News
Transocean to acquire Ocean Rig
Transocean Ltd. plans to acquire Ocean Rig UDW Inc., boosting Transocean’s position in the ultradeepwater and harsh-environment drilling markets. Expected to close in early 2019, the transaction involves cash and stock worth an estimated $2.7 billion, including Ocean Rig’s debt. The transaction adds nine high-specification ultradeepwater drillships, two harsh-environment semisubmersibles, and two high-specification, ultradeepwater drillships currently […]