Virginia’s Air Pollution Control Board unanimously approved a permit for the Atlantic Coast Pipeline Project to construct a compressor station in Buckingham County on Jan. 8 following a recommendation by the state’s Department of Environmental Quality. Source: News
ConocoPhillips lets rig contract to Rowan
ConocoPhillips Skandinavia AS has let a contract to Rowan Cos. for the Rowan Norway jack up rig. The contract, subject to partner approval, is expected to begin in this year’s second quarter with an estimated duration of 7 months. Source: News
MARKET WATCH: Oil prices rise on reassuring comments from Saudi Arabia
The light, sweet crude oil price for February broke through the $50/bbl mark on Jan. 9, settling above $52/bbl on the New York market while the Brent crude oil price for March moved above $61/bbl. This eighth straight day of increases is attributed, in part, to comments about crude output reduction made by Saudi Energy […]
Wheeler nominated to be EPA administrator
US President Donald Trump nominated Andrew Wheeler to lead the US Environmental Protection Agency. Wheeler became EPA’s acting administrator on July 5, 2018, following E. Scott Pruitt’s resignation. He previously served as its deputy administrator. Source: News
EIA STEO revises Brent, WTI oil price forecasts downward for 2019
In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration has revised its 2019 price forecasts for Brent and West Texas Intermediate to $61/bbl and $54/bbl, respectively, which are both $11/bbl lower than forecast in the STEO for November. Source: News
Doriemus farms in to onshore Canning play
Doriemus PLC, London, has signed a binding letter of intent with Rey Resources Ltd., Sydney, to farm in to onshore Canning basin permit EP 487 in northwest Western Australia as well as a separate farmin to nearby Kora West oil field in production license L-15. Source: News
South Carolina AG joins suit to stop seismic tests offshore state
South Carolina Atty. Gen. Alan M. Wilson moved in federal court on Jan. 7 to have the state join 16 cities and towns’ lawsuit to stop oil and gas seismic surveys in the state’s offshore areas. This lawsuit is separate from one by environmental groups and other organizations in which Maryland Atty. Gen. Brian E. […]
Baker Hughes: International rig count rises 34 units in December
The international rig count for December reached 1,025, up 34 units from the 991 rigs counted in November and up 71 units from the 954 rigs counted in December 2017, according to Baker Hughes data. The international offshore rig count for December was 234, up 28 units from the 206 counted in November, and up […]
BP lets contract for Atlantis Phase 3 in Gulf of Mexico
BP PLC has let a contract to TechnipFMC to provide integrated engineering, procurement, construction, and installation services for the Atlantis Phase 3 project in the Gulf of Mexico. BP recently approved a $1.3-billion expansion at the field. BP operates Atlantis and holds 56% interest while BHP holds 44% interest. BHP has yet to commit to […]
EIA: US crude inventories down 1.7 million bbl
US crude oil inventories for the week ended Jan. 4, excluding the Strategic Petroleum Reserve, decreased by 1.7 million bbl from the previous week, data from the US Energy Information Administration showed. At 439.7 million bbl, US crude oil inventories are about 8% above the 5-year average for this time of year, the report indicated. […]