Oil supply cushion insures against Venezuela output loss

Until recently, Venezuela’s oil production had stabilized at about 1.2 million b/d. However, the country’s recent electricity crisis has paralyzed it for substantial periods of time. Source: News


Texas AG sues ITC after petrochemical storage facility fire

Texas Atty. Gen Ken Paxton filed an environmental lawsuit against Intercontinental Terminals Co. on Mar. 22 following a fire that broke out at the company’s petrochemical storage facility at LaPorte near Houston on Mar. 17 and was not contained until 3 days later. The action on behalf of the Texas Commission on Environmental Quality charged ITC […]


EPA starts to rank 40 chemicals under the amended TSCA

The US Environmental Protection Agency published a list of 40 chemicals on Mar. 20 that it intends to review and prioritize for risk evaluation under the amended Toxic Substances Control Act (TSCA). It said it was releasing the list to give the public opportunities to submit relevant information such as the uses, hazards, and exposure […]


Ineos to double capacity of proposed USGC EO-EOD plant

Ineos is planning to double the size of subsidiary Ineos Oxide’s proposed ethylene oxide and ethylene oxide derivatives plant to be built somewhere along the US Gulf Coast. Part of Ineos’ plan to address a fast-growing EO merchant market as well as the operator’s own requirements, the new plant—which will now produce 520,000 tonnes/year of […]


DOE awards contracts from recent SPR crude oil sale

The US Department of Energy has awarded contracts to three refiners from its recent competitive sale of 4.32 million bbl of crude oil from the US Strategic Petroleum Reserve. Marathon Petroleum Corp., Motiva Enterprise LLC, and Phillips 66 Co. were the successful bidders, DOE’s Fossil Energy Office said on Mar. 22. Source: News


UK launches oil and gas data repository

The UK Oil and Gas Authority has published 130 terabytes of oil and gas well, geophysical, field, and infrastructure data from the UK Continental Shelf. It called the launch of the country’s first Oil and Gas National Data Repository “what is believed to be one of the largest ever single open releases of data.” […]


MARKET WATCH: NYMEX crude oil holds above $59/bbl

Light, sweet crude oil for May delivery declined slightly but settled above $59/bbl on Mar. 22 on the New York market. Analysts said tumbling US and European stock markets added to world economic concerns. This dragged down oil prices on fears about reduced world oil demand. Despite ending lower for the Mar. 22 trading session, […]


Indian combine to explore Abu Dhabi block

A combine of state-owned Bharat Petroleum Corp. and Indian Oil Corp. will invest as much as $170 million to explore and appraise conventional resources of onshore Block 1 in Abu Dhabi. Abu Dhabi National Oil Co. awarded exploration rights to the combine to close its first competitive bid round. Source: News


Eni lets contract for Merakes development

Eni SPA has let an engineering, procurement, construction, transportation, and installation contract to TechnipFMC for development of deepwater Merakes natural gas field offshore Indonesia. The contract covers five wells in 1,500 m of water with 50-km tiebacks to the Jangkrik floating production unit in the Makassar Strait off East Kalimantan. Source: News