Aramco to nearly double natural gas production in decade

Saudi Aramco plans to nearly double its natural gas production to 23 standard bcfd in 10 years, Aramco Chief Executive Officer Amin Nasser told an industry conference in Jubail on Mar. 8. Source: News


MARKET WATCH: Oil prices drop pending US inventory, world oil oversupply concerns

Light, sweet crude oil prices for April delivery on the New York market dropped more than $1/bbl to settle above $36/bbl on Mar. 8, giving up much of the previous day’s gains. Analysts said world oil supplies remain robust while a supply-demand recovery still has yet to begin. Source: News


Cairn-led group drills SNE-3 appraisal well offshore Senegal

A group led by Cairn Energy PLC has drilled the SNE-3 appraisal well offshore Senegal confirming the field’s upper reservoir units can flow at commercially viable rates and make a material contribution to oil volumes. Source: News


Limetree Bay Terminals names chief executive officer

Darius Sweet has been appointed as chief executive officer of Limetree Bay Terminals LLC, the joint venture of ArcLight Capital Partners LLC and Freepoint Commodities LLC that recently purchased idled storage terminals, refining units, and marine infrastructure at former Hovensa LLC’s idled refinery at Limetree Bay, on the island of St. Croix. Source: News