Maintaining a stable world oil market is a global responsibility and not one that should fall squarely on the shoulders of the Organization of Petroleum Exporting Countries, two of the cartel’s primary decision makers emphasized during separate discussions at CERAWeek by IHS Markit on Mar. 7. Source: News
Cairn appraises SNE field offshore Senegal
Cairn Energy PLC, Edinburgh, is furthering its SNE field appraisal offshore Senegal after confirming gross oil intervals of 18½ m and 8½ m in its SNE-5 well. Source: News
Casadaban joins American Midstream as COO
Rene L. Casadaban has joined American Midstream Partners LP as senior vice-president and chief operating officer. Source: News
MARKET WATCH: NYMEX crude oil prices edge down before US inventory report
Light, sweet crude oil prices for April delivery dropped slightly for a second consecutive day on Mar. 7 pending release of the weekly US government oil and product inventory from the US Energy Information Administration. Source: News
EIA raises US crude oil production forecast to 9.2 million b/d
In its most recent Short-Term Energy Outlook, the US Energy Information Administration forecasts US crude oil production to average 9.2 million b/d this year and average 9.7 million b/d in 2018. Both totals are 200,000 b/d higher than in EIA’s previous STEO forecasts. Source: News
Dutch company to buy Breagh field interest
Privately held Oranje-Nassau Energie BV (ONE), Amsterdam, will acquire a 30% working interest in Breagh natural gas field in the southern UK North Sea in a proposed deal with Sterling Resources Ltd., Calgary. Source: News
Output rising, costs falling on the UKCS
Rising production and falling costs mask lingering problems for oil and gas operators on the UK Continental Shelf (UKCS). Oil and gas production offshore the UK will rise to 1.8-1.9 million boe/d by 2018, predicts Oil & Gas UK in its Business Outlook Report 2017. Source: News
Hindus praise ETP for rerouting pipeline around Appalachian complex
A Hindu leader expressed appreciation to Energy Transfer Partners LP for its willingness to reroute its proposed Rover natural gas pipeline around the religion’s temple complex near Moundsville, W.Va. Officials from New Vrindaban Holy Dham and Rover Pipeline LLC reached the agreement about a month after the US Federal Energy Regulatory Commission approved the project. […]
Shell Nigeria halts Bonga production for maintenance
Royal Dutch Shell PLC’s Nigerian unit has halted production from its Bonga deepwater oil and natural gas field for turnaround maintenance that involves inspections, recertification, and any needed equipment repairs. Source: News
Shell, Aramco advance split up Motiva refining JV
Saudi Aramco and Royal Dutch Shell PLC have agreed to move forward on a previously announced plan to divide up assets, liabilities, and businesses of their US-based refining and marketing joint venture Motiva Enterprises LLC, which operates three refineries at the US Gulf Coast. Source: News