Canada Kuwait Petrochemical Corp. (CKPC), a joint venture of Pembina Pipeline Corp., Calgary, and Petrochemical Industries Co. KSC (PIC) of Kuwait, has reached final investment decision to move forward with construction of its proposed grassroots integrated propane dehydrogenation (PDH) and polypropylene (PP) upgrading complex in Sturgeon County, Alta. Source: News

Equinor reported adjusted earnings of $4.4 billion in fourth-quarter 2018, citing high production at higher prices as a contributor to the increase from the $4 billion reported in fourth-quarter 2017. Adjusted earnings after tax were $1.5 billion, up from $1.3 billion in the same period last year. Source: News

US Bureau of Land Management state offices generated more than $1.1 billion of revenue from onshore oil and gas lease sales during 2018, a record amount nearly triple the previous record of $408 million for the comparable period in 2008, Acting Interior Sec. David Bernhardt announced on Feb. 6. Source: News

Natural gas already is reducing US greenhouse gas emissions more effectively than what congressional Democrats proposed in their Green New Deal Resolution, US Sen. Bill Cassidy (R-La.), who chairs the Energy and Natural Resources Committee’s Energy Subcommittee, said on Feb. 14. Source: News

Queensland has granted a petroleum facility license to Melbourne-based energy infrastructure company Jemena for the construction of a natural gas processing plant that will form part of the Atlas Pipeline project. The Atlas project involves the delivery of gas from 100 coal seam gas wells on acreage owned by Senex Energy Ltd., Brisbane, in the […]

Once again, misinformed US lawmakers want to authorize antitrust litigation against the Organization of Petroleum Exporting Countries.   Source: News

The US natural gas and oil industry broke several records in January, according to the latest Monthly Statistical Report from the American Petroleum Institute. US total petroleum demand, as measured by total domestic petroleum deliveries, was 20.7 million b/d in January, which was down 0.2% from December but up 1.1% compared with January 2018. This […]

The US drilling rig count is up 2 units to 1,051 rigs working for the week ended Feb. 15, according to Baker Hughes data. The count is also up 76 units from the 975 rigs working this time a year ago. With a 1-unit loss week-over-week, 1,028 rigs are drilling on land. The number of […]

The US Pipeline and Hazardous Materials Safety Administration, in coordination with the Federal Railroad Administration, issued a final rule requiring railroads to develop and submit comprehensive oil spill response plans covering route segments used by high hazard flammable trains. Source: News

Eni SPA said it achieved record production of 1.85 million b/d during 2018, up by 2.5% from 2017, while its proved reserves replacement ratio again rose above 100% for a 3-year average of 131%, the company said in an earnings statement. Source: News