As US President Donald Trump pressed Saudi Arabia, before last week’s meeting of the Organization of Petroleum Exporting Countries, to keep oil production high and prices low, the government of Alberta moved the opposite way. At this writing, OPEC had not yet met, and Trump had not yet tweeted disparagingly about Alberta Premier Rachel Notley. […]
US oil production peaking?
The shale insurgency in the US continues to defy the doubters, producing more than 11.7 million b/d of crude oil at the end of November, according to the US Energy Information Administration. Source: News
Needed oil-output limits defy Trump’s misguided harangues
Parties to the Dec. 7 agreement limiting oil production had to take seriously messages coming from the US—but not tweets from the White House. Source: News
BLM issues proposed final greater sage grouse plan EISs, amendments
The US Bureau of Land Management proposed final environmental impact statements and amendments to greater sage grouse habitat management programs in seven western US states. “With today’s action, we have leaned forward to address the various states’ issues, while appropriately ensuring that we will continue to be focused on meaningfully addressing the threats to the […]
Central signs gas sales contract for NT-to-Queensland system
Central Petroleum Ltd., Brisbane, is to sell gas to pipeline operator Jemena for commissioning of the Northern Gas Pipeline (NGP) connecting the Northern Territory pipeline grid to the Queensland system via Mount Isa. It is now anticipated that the pipeline will be ready to begin commercial flow between Dec. 29, 2018, and Jan. 10, 2019. […]
Baker Hughes: Canada drops 13 rigs for the week
Canada lost 13 rigs for the week ended Dec. 7, according to Baker Hughes data. With 186 rigs running, the count is less than the 219 units drilling this week a year ago. The number of oil-directed rigs in Canada fell by 17, bringing the count to 102 rigs for the week. Gas-directed rigs were […]
South Korean firm plans Australia’s fifth proposed LNG import terminal
South Korean developer EPIK, based in Seoul, has proposed the establishment of a floating LNG import terminal at the Port of Newcastle north of Sydney on Australia’s east coast. EPIK has signed an agreement with the Port of Newcastle to conduct preliminary work on the project, which is expected to cost as much as $430 […]
US late-November oil exports top imports
The US exported more crude oil and petroleum products than it imported during the week ending Nov. 30, according to the Energy Information Administration’s Weekly Petroleum Status Report. The country thus became a net oil exporter for the first time since World War II, at the end of which US oil exports exceeded imports. By […]
Troll Phase 3 moves ahead with PDO approval
Equinor will work with partners and suppliers to bring on stream Phase 3 of giant Troll oil and gas field in the Norwegian North Sea in the first half of 2021 following approval of its development and operation plan. Source: News
OPEC, non-OPEC producers agree to 1.2 million-b/d cut
The Organization of Petroleum Exporting Countries concluded a 2-day meeting in Vienna on Dec. 7 with an agreement to cut 800,000 b/d of production, while 10 non-OPEC countries agreed to cut 400,000 b/d. The countries of Iran, Libya, and Venezuela were exempted from the production cuts, which will be effective for 6 months starting Jan. […]