DRBC approves dock, adds products to Gibbstown project

The Delaware River Basin Commission (DRBC) unanimously approved construction of a second dock and associated storage that would add LNG and other energy products to the proposed Gibbstown Logistics Center in southern New Jersey. The commission’s June 12 action followed a June 6 public hearing and a 15-day comment period. Source: News

A regulatory prod

Oil and gas producers facing resistance in many places should appreciate a government that not only supports what they do but wants them to work faster. Source: News

Million-dollar elm

When thinking about multimillion-dollar merger and acquisition activities taking place in modern times, many probably picture oil company executives sitting around a large desk in a stately board room in an expensive high-rise building that overlooks the skyline of a metropolitan city. Source: News

Aker BP granted North Sea drilling permit

Aker BP has been granted a drilling permit by the Norwegian Petroleum Directorate for well 25/2-20 in production license 442 in the North Sea. Source: News

MARKET: Brent for August tops $62/bbl

Brent oil prices rose moderately on the London market June 14 with the August contract closing slightly above $62/bbl while light, sweet crude prices in New York held fairly flat, again settling above $52/bbl. Source: News

Baker Hughes: US rig count down 6 units to 969

The US drilling rig count fell 6 units, reaching 969 rigs working for the week ended June 14, according to Baker Hughes data. The count is down 90 units from the 1,059 rigs working this time a year ago. Source: News

Russia’s Kharyaga field starts gas sales

Zarubezhneft and production-sharing partners have started sales of associated sour gas at Kharyaga oil field in the Nenets Autonomous Region of northwestern Russia. Source: News

WoodMac: Argentina LNG poised to meet Asian demand

Rising natural gas production in Argentina coupled with competitive global LNG transportation costs are expected to position the country as an emerging source of gas supply to Asia during peak demand periods, recent research from Wood Mackenzie shows. Source: News

IEA consecutively cuts oil demand growth forecast

In its latest monthly Oil Market Report, the International Energy Agency cut its forecast for global demand growth in 2019 for a second consecutive month. It is now projected at 1.2 million b/d, reduced from 1.3 million b/d in the previous report and 1.4 million b/d in the April report. Source: News

Husky fined for 2016 Saskatchewan oil spill

Husky Oil Operations entered guilty pleas June 12 on federal and provincial charges related to a 2016 oil spill in Saskatchewan and will pay fines totaling $3.82 million. Husky was fined $2.5 million under the federal Fisheries Act and $200,000 for a violation of the federal Migratory Birds Convention Act. It was fined $800,000 under the […]