Cameron LNG ships first cargo from Train 1

Cameron LNG has shipped the first commissioning cargo of LNG from Train 1 of its facility in Hackberry, La., said Sempra Energy subsidiary Sempra Energy LNG. Commissioning cargos are a critical step in the start-up process and support stabilizing production and performance testing, the company said. Source: News

Santos acquiring 3D survey off Western Australia

Santos Ltd., Adelaide, and its joint venture partner Carnarvon Petroleum Ltd. have started a 3D seismic survey over the Dorado, Roc, Roc South, and near-field prospects in the Bedout subbasin offshore north-western Western Australia. Source: News

EPA issues temporary emergency fuel waivers

The US Environmental Protection Agency issued emergency fuel waivers for Allegheny County, Pa., to ensure that fuel supplies remain adequate following damage to a pipeline that supplies the area. Source: News

Petronor begins turnaround at Bilbao refinery

Petroleos del Norte SA (Petronor) has started planned maintenance on the largest of two crude distillation units at its 240,000-b/d refinery at Muskiz near Bilbao, Spain. The more-than 140,000-b/d Refining Unit 1 was taken offline on May 27 for a scheduled turnaround that will run through the first half of July, Petronor said. Source: […]

MARKET WATCH: NYMEX, Brent oil prices continue fall

Light sweet crude prices on the New York market and Brent crude prices in London both fell by more than $2/bbl to settle lower May 30 following a smaller-than-expected decline in US crude supplies. Source: News

Philippines rescinds farmout-farmin ban

The government of the Philippines has lifted a 13-year-old ban on farmouts and farmins by the state oil company. Source: News

NGSA: Ample gas stores to meet record summer demand

Pressure on this summer’s natural gas prices is likely to be neutral compared with last summer, despite expectations for record-setting summer demand, the Natural Gas Supply Association said in its 2019 Summer Outlook assessment. Gas production is expected to set an all-time record, making ample gas supplies available to meet the record demand, NGSA said. […]

Ithaca Energy to acquire CNSL in $2-billion deal

Ithaca Energy, a subsidiary of Delek Group, will acquire Chevron North Sea Ltd. (CNSL) for $2 billion, adding 10 producing field interests to Ithaca’s existing portfolio, four of which relate to assets operated by Ithaca. Source: News

EIA: US crude inventories down 300,000 bbl

US crude oil inventories for the week ended May 24, excluding the Strategic Petroleum Reserve, decreased by 300,000 bbl from the previous week, according to data from the US Energy Information Administration. The weekly inventory report was released a day later than usual because of the US Memorial Day holiday. Source: News

MARKET WATCH: NYMEX, Brent oil prices fall

Light, sweet oil for July dropped to settle under $59/bbl on the New York market May 29 while Brent prices dropped to below $70/bbl for the July delivery contract, but the benchmarks did not plummet by more than $3/bbl as they did a few days earlier on geopolitical concerns. Source: News