The US Bureau of Land Management has completed an environmental assessment of Slawson Exploration Co.’s proposed oil and gas exploration project near Lake Sakakawea on the Fort Berthold Indian Reservation in North Dakota. Source: News
IEA: Market deficit of 500,000 b/d could occur in first half
Oil stocks from countries in the Organization for Economic Cooperation and Development rose for the first time in 6 months by a sizable 48 million bbl to reach 3,030 million bbl at the end of January due to near-record US crude stocks and gains in Europe. Source: News
Geophysical study off Philippines completed
CGG has completed a multiclient geophysical study of a sparsely explored area offshore the Philippines. Source: News
EIA: US crude stockpiles edge down for first time in 10 weeks
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, declined 200,000 bbl during the week ended Mar. 10 compared with the previous week’s total, according to according to the US Energy Information Administration’s Petroleum Status Report. Source: News
Total brings Moho Nord field on stream offshore Congo (Brazzaville)
Total SA started production at Moho Nord field 75 km offshore Pointe-Noire, Congo (Brazzaville). The project was designed with a production capacity of 100,000 boe/d. Source: News
MARKET WATCH: Crude oil prices volatile as world, US inventory reports released
Light, sweet crude oil for April declined moderately on the New York market to close under $48/bbl Mar. 14 while Brent crude oil for May also fell on the London market to below $51/bbl. Oil prices were rising Mar. 15 pending release of the weekly US oil and product inventory report. Source: News
Pruitt stays EPA’s risk management plan rule 90 days for review
US Environmental Protection Agency Administrator Scott Pruitt signed an administrative stay to delay the agency’s chemical plant risk management rule’s effective date until June 17. Source: News
Iran lets contract for South Pars 12 petrochemical complex
Iran’s state-owned Ahdaf Management Services Development Co. PLC has let contracts to Hyundai Motor Group of South Korea subsidiaries Hyundai Engineering Co. Ltd. and Hyundai Engineering & Construction Co. Ltd. to jointly build the second phase of Kangan Petro Refining Co.’s (KPRC) South Pars 12 petrochemical project in Pars Special Economic Energy Zone, Tonbak, Boushehr […]
Better agency coordination needed for energy projects, senators told
The Trump administration will have only limited success in pursuing its ambitious US energy infrastructure improvements unless federal regulatory agencies do a better job coordinating their reviews of proposed transportation projects, witnesses told the US Senate Energy and Natural Resources Committee on Mar. 14. Source: News
Schlotterbeck becomes EQT chief executive
Steven Schlotterbeck has become chief executive officer of EQT Corp., Pittsburgh, succeeding David Porges. Schlotterbeck also became CEO of EQT Midstream Partners LP and EQT GP Holdings LP. Source: News