San Mateo Black River Oil Pipeline LLC, a subsidiary of San Mateo Midstream LLC, has placed into service its crude oil gathering and transportation system in the Delaware basin. Source: News
Market Watch: NYMEX crude oil settles below $47/bbl on oversupply concerns
Light, sweet oil prices fell more than $3/bbl on New York market Dec. 18 with the January contract settling at $46.24/bbl, the front-month’s lowest closing since Aug. 30, 2017. Source: News
ADNOC awards 5% Ghasha interest to OMV
Abu Dhabi National Oil Co. and the government of Abu Dhabi have awarded OMV the last available nonstate interest in the Ghasha Concession for development of high-sulfur natural gas fields off the emirate. Source: News
CGX Energy lets contract for rig offshore Guyana
CGX Resources Inc., a subsidiary of CGX Energy Inc., has let a single-well contract to Rowan Cos. for the Rowan Ralph Coffman jack up rig in the Corentyne block offshore Guyana. Source: News
US Chamber study estimates ‘keep it in the ground’ economic costs
nti-energy activists’ “keep it the ground” efforts have prevented at least $91.9 billion in domestic economic activity and eliminated nearly 730,000 job opportunities, a new study by the US Chamber of Commerce’s Global Energy Institute (GEI) concluded. Source: News
Woodside commissions Pluto domestic gas pipeline
The Woodside Petroleum-led Pluto LNG project has commissioned the Pluto pipeline gas facility and delivered its first gas into the Dampier to Bunbury natural gas trunkline. Source: News
Wood named CEO of Gulfport Energy
David M. Wood, chairman of the board and former chief executive officer of Arsenal Resources LLC, has joined Gulfport Energy Corp., Oklahoma City, as president and CEO. Source: News
CNOOC signs agreements for areas off China
China National Offshore Oil Corp. has signed strategic cooperation agreements with nine international oil companies for possible development of two areas in the Pearl River Mouth basin offshore China. Source: News
Market Watch: NYMEX crude oil settles below $50/bbl
Oil benchmark prices fell more than $1/bbl on New York and London futures markets for a second consecutive trading session Dec. 17 with the January contract for light, sweet crude oil settling below $50/bbl while Brent for February settled below $60/bbl. Source: News
UT: Technically recoverable natural gas from future US shale wells on rise
A new analysis of the nation’s major shale gas plays shows 20% more natural gas can be technically recovered from future wells compared with an estimate made 5 years ago. Researchers primarily attributed the increase to new drilling practices. Source: News