The overall US rig count has made a slight gain this week, marking the end of four straight weeks of declines. Baker Hughes’ calculation of active US rigs jumped 3 units during the week ended Sept. 1 to 943. Source: News
API reiterates concerns with the RFS in additional comments to EPA
The American Petroleum Institute reiterated its concerns about possible consequences from allowing ethanol blends of more than 10% in the nation’s gasoline supplies in comments it submitted to the US Environmental Protection Agency. Source: News
EIA: Harvey adds uncertainty to gasoline prices for Labor Day weekend
Hurricane Harvey has created considerable uncertainty for gasoline supply and prices, as the area affected by the storm is home to much of the nation’s petroleum infrastructure, the US Energy Information Administration said. Source: News
Botswana government awards CBM gas-to-power tender
Tlou Energy Ltd., Brisbane, will move ahead on coalbed methane development on the 900-sq-km prospecting license 002/2004 in western Botswana, South Africa. The Ministry of Mineral Resources, Green Technology, and Energy Security granted the company a 25-year mining license to terminate in August 2042. Source: News
EPRINC urges relaxed ethanol requirements
Relaxation of ethanol requirements for gasoline sold in the US would help relieve pressure on fuel supplies and costs to consumers caused by Hurricane Harvey, according to the Energy Policy Research Foundation Inc. Source: News
EIA: US natural gas underground storage up 30 bcf
The US Energy Information Administration reported underground natural gas storage across the Lower 48 states rose 30 bcf for the week ended Aug. 25. Source: News
Cooper moves forward on Sole gas field off Australia
Cooper Energy Ltd. will deliver gas sales of 4 MMboe/year, which is four times the company’s 2017 production, on the heels of taking a financial investment decision for its Sole natural gas field development in eastern Bass Strait offshore Victoria in southeastern Australia. Source: News
Eni units, Nord Stream unit let contracts to Saipem
Saipem SPA has booked three contracts with a combined value of $370 million. The company’s E&C Offshore division will construct and install deepwater umbilicals, risers, and flowlines for the development of Block 15/06 for Eni Angola SPA’s West Hub development project 350 km northwest of Luanda and 130 km west of Soyo. Source: News
MARKET WATCH: NYMEX gasoline hits 2-year highs, crude oil tops $47/bbl
The light, sweet crude oil contract for October jumped by more than $1 to settle above $47/bbl Aug. 31 while gasoline futures prices reached 2-year highs, having gained for 8 consecutive days on the New York futures market. Source: News
Harvey’s wrath halts Gulf Coast oil imports, oil and product exports
Government authorities and plant operators along the US Gulf Coast continued to assess how extensively refineries and petrochemical installations were damaged as Hurricane Harvey became a tropic storm and made a second landfall in Louisiana before heading inland northeast across Mississippi and Tennessee. Source: News