The US will position itself as a net energy exporter in 2020 and will remain so throughout a projection period to 2050 resulting from large increases in production of crude oil, natural gas, and natural gas plant liquids (NGPL) coupled with slow growth in energy consumption, according to the US Energy Information Administration’s Annual Energy […]
Baker Hughes: US rig count climbs 9 units to 1,059
The US drilling rig count is up 9 units to 1,059 rigs working for the week ended Jan. 25, according to Baker Hughes data. The count is up 112 units from the 947 rigs working this time a year ago. Source: News
Oil Search expands east of Hue shale blocks in Alaska
Oil Search Ltd., Sydney and Port Moresby, has again expanded its acreage position on the Alaskan North Slope (ANS) by exercising an option to acquire 50% interest in 120 leases immediately east of its Hue shale blocks, which lie southeast of Prudhoe Bay. The option includes Oil Search taking operatorship. Source: News
BPTT lets contract for Cassia compression project
BP Trinidad & Tobago LLC (BPTT) has let a contract to McDermott International Inc. for the engineering, procurement, and construction of the Cassia compression platform, 57 km southeast offshore Trinidad and Tobago. Source: News
WBI Energy to construct Bakken gas transportation project
MDU Resources Group subsidiary WBI Energy Inc. plans to construct 67 miles of pipeline, compression, and ancillary facilities to transport natural gas in the Bakken region. The North Bakken Expansion Project, as designed, would provide 200 MMcfd of gas transportation capacity starting near Tioga, ND, and extending to a new connection with Northern Border Pipeline […]
Innovation vital to ongoing US energy strength, trade group leaders say
The innovative spirit that has created a much-improved US energy outlook in the last 10 years will be just as essential to keep it affordable while improving the environment in the future, three major trade association leaders suggested at the US Energy Association’s 2019 State of the Energy Industry Forum on Jan. 24. Source: […]
TPI: Texas’ oil and gas recovery interrupted at yearend
The Texas Petro Index declined in November and December 2018 on the heels of 23 straight months of growth, in response to dramatic declines in crude oil prices in the last 2 months of the year. Posted prices for West Texas Intermediate crude declined from a monthly average of more than $67/bbl in October to […]
MARKET WATCH: NYMEX oil prices gain on Venezuela politics
Light, sweet crude oil prices gained on the New York market Jan. 24, which analysts attributed to geopolitics after US President Donald Trump recognized opposition leader Juan Guiado as interim president of Venezuela. Meanwhile, existing President Nicolas Maduro also claims leadership of Venezuela. Venezuela’s military on Jan. 25 supported Maduro. Source: News
CVR Refining lets contract for Wynnewood refinery
CVR Refining LP subsidiary Wynnewood Refining Co. LLC has let a contract to KBR Inc. to provide engineering and design services related to the service provider’s proprietary Solid Acid Alkylation Technology (K-SAAT) for the operator’s 74,500-b/d refinery in Wynnewood, Okla. Source: News
US Senate Democrats protest BOEM ongoing lease work during shutdown
Thirteen US Senate Democrats and Independent Bernard Sanders (Vt.) urged two Department of the Interior interim leaders to stop using Bureau of Ocean Energy Management employees to continue preparing upcoming federal offshore oil and gas lease sales during the partial government shutdown. Source: News