The Alaska North Slope, once a major source of oil production and reserves in the US, hit its production peak in the late 1980s and has steadily declined to its current rate of 380,000 b/d in July. Federal protections have restricted access to exploration and production of the environmentally sensitive lands of the Alaska National […]
Survey sees fading appreciation for economic freedom
More important than country rankings in the Fraser Institute’s annual Economic Freedom of the World (EFW) report are indications of fading appreciation for the ability of individuals to make their own economic decisions. Source: News
Petroecuador begins scheduled maintenance at Shushufindi refinery
Ecuador’s state-owned Petroecuador has initiated the scheduled shutdown of a crude unit for routine maintenance at its 20,000-b/d Shushufindi refinery in the northeastern Ecuadorian province of SucumbÃos. Source: News
Baker Hughes: US rig count drops 2 units to 1,052
The US drilling rig count is down 2 units to 1,052 rigs working for the week ended Oct. 5, according to Baker Hughes data. The count is up 116 units from the 936 rigs working this time a year ago. Source: News
TransCanada starts first WB Xpress phase
TransCanada Corp. has started service on the Western Build of its WB Xpress project to increase movement of Appalachian basin natural gas to the US Gulf Coast. Source: News
Resist pressure to grant E15 an RVP waiver, 20 US senators urge Trump
A bipartisan group of 20 US senators urged President Donald J. Trump not to move forward with a plan to waive Reid Vapor Pressure volatility rules and allow the year-round sale of gasoline with a 15% ethanol blend nationwide. Source: News
Mero field moves toward full production
Petrobras has let a contract to Aker Solutions covering the subsea production system and related services for the first full production phase of giant, deepwater Mero oil field offshore Brazil. Source: News
Baker Hughes: International rig count down 4 units in September
The international rig count for September was 1,004, down 4 from the 1,008 counted in August 2018, and up 73 from the 931 counted a year ago, according to Baker Hughes data. Source: News
Savannah reports fifth Niger oil strike
Savannah Petroleum PLC, London, will assess the R3 section of its R3/R4 production sharing contract block in southeastern Niger with prestack depth migration (PSDM) of 3D seismic data after logging its fifth oil discovery in the area. Source: News
Beach Energy sells 40% of its Otway basin interests
Adelaide-headquartered Beach Energy Ltd. has sold 40% of its Victorian/Tasmanian Otway basin interests to Monaco-based Israeli businessman Eyal Ofer’s O.G. Energy Holdings Ltd for A$344 million in cash. Source: News