Williams Cos. Inc.’s Transco interstate pipeline has executed binding 15-year commitments with Seneca Resources Co. LLC and Cabot Oil & Gas Corp. for 100% of the 580 MMcfd of firm natural gas transportation capacity available under its proposed Leidy South expansion project. Source: News
EIA: US crude inventories increase 6 million bbl
US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6 million bbl for the week ended Oct. 5, according to data from the US Energy Information Administration. EIA released the Weekly Petroleum Status Report a day later than normal due to the closure of the federal government on Oct. 8. Source: News
Silver Creek acquires Powder River basin assets from Genesis Energy
Silver Creek Midstream has closed the acquisition of Genesis Energy’s Powder River basin crude gathering, storage, and rail assets (trunkline system) and will pursue identified projects to address demand for crude oil midstream services in the basin with equity from a joint venture formed by Tailwater Capital and Energy & Minerals Group. Source: News
Murphy Oil, Petrobras form deepwater gulf combine
Murphy Exploration & Production Co.-USA and Petrobras America Inc. (PAI) have formed a joint venture comprised of all the current producing Gulf of Mexico assets from Murphy and PAI. Murphy, which will oversee operations, will own 80% of the combine and PAI will own 20%. Source: News
Chariot to plug well offshore Namibia
Chariot Oil & Gas will plug its Prospect S well on the Central Blocks license offshore Namibia after determining the target reservoir is water-bearing. The Ocean Rig Poseidon drillship drilled the well to 4,165 m TMD in 1,650 m of water. Source: News
MARKET WATCH: NYMEX oil prices fall pending US inventory report
Oil prices fell about $1.80 to settle just above $73/bbl on the New York market on Oct. 10. Analysts partially attributed the drop to an anticipated rise in the weekly US oil inventory. The US Energy Information Administration was scheduled to release its Weekly Petroleum Status Report on Oct. 11, a day later than normal […]
‘Major incident’ disrupts operations at New Brunswick refinery
Irving Oil Ltd. is resuming turnaround work following a “major incident” on Oct. 8 at its 300,000-b/d St. John refinery in the eastern Canadian province of New Brunswick. The refinery as a whole is safe, and the specific site of the incident is isolated and contained, Irving said in a news release. Source: News
Russia eyes new imports of Turkmen gas
Russia hopes to resume pipeline imports of natural gas from Turkmenistan after slashing them in 2015 in a dispute over pricing. According to Radio Free Europe, Gazprom CEO Aleksei Miller told an interviewer from a state-controlled television station in Ashgabat that he expects purchases to restart early next year. Source: News
McDermott details contract award for Ineos PDH unit
McDermott International Inc. (formerly CB&I) has confirmed details of its scope of work on an earlier awarded contract by Ineos AG for a propane dehydrogenation (PDH) unit the operator plans to build alongside a gas cracker in northwestern Europe. Source: News
Eni to farm in to BP’s Libyan blocks
Exploration is to resume next year on three Libyan blocks now operated by BP PLC after a planned farmin by Eni SPA. The companies and National Oil Corp. signed a letter of intent to work toward Eni’s acquisition by yearend of a 42.5% participating interest in BP’s exploration and production-sharing agreement. Source: News