Enterprise Products Partners LP (EPP), Houston, will build a new isobutane dehydrogenation (iBDH) unit at the US Gulf Coast as part of a strategy to boost utilization capacity at the company’s existing downstream octane-enhancement and petrochemical operations in the region. Source: News
MARKET WATCH: NYMEX crude oil prices drop on rising rig count
Both US and Brent benchmark oil futures eased on Jan. 27 upon a jump in the weekly US rig count. Light, sweet crude oil continued to edge lower in early Jan. 30 trading, which analysts still attributed to the rig count. Source: News
House majority leader targets methane, foreign payment rules
Declaring “perhaps no aspect of America’s economy has been as overregulated as energy,” Majority Leader Kevin McCarthy (R-Calif.) said the US House will begin work to repeal, under the Congressional Review Act, the US Bureau of Land Management’s methane venting and flaring rule and the Security and Exchange Commission’s requirement that US oil and gas […]
WoodMac: New upstream project FIDs to double globally in 2017
Final investment decisions (FID) are expected to double globally in 2017 while exploration and production spending will increase for the first time since 2014, according to Wood Mackenzie Ltd.’s global upstream outlook. Source: News
BLM amends oil-shale rule to let royalty rates be set lease-by-lease
The US Bureau of Land Management announced final amendments to federal oil share regulations that give the Secretary of the Interior flexibility in setting rates lease-by-lease and require oil-shale operations to include environmental protection plans. Source: News
Watching Government: A time to be resilient
Soon after completing the nation’s first Quadrennial Energy Review, which focused on transportation, US Sec. of Energy Ernest G. Moniz said the results basically revealed a need for greater resilience. Source: News
Oil and economies
President Donald Trump received illustrative background from Canada for an early statement of energy policy lacking details but not importance. Source: News
Permian overload
The US exploration and production segment has undergone a dramatic transformation over the past 2½ years necessitated by lower crude oil prices. Source: News
Activists promise to fight Trump in courts and streets
From the scythe US President Donald Trump swings into his predecessor’s environmental legacy fly promises of rebellion. Source: News
Trump infrastructure order sends a welcome signal, associations say
President Donald J. Trump’s Jan. 24 executive order for expedited environmental reviews and approvals for high-priority infrastructure projects sent a welcome signal, officials from oil and gas associations said. Its implementation will need to take place within the context of existing laws, notably the 2015 Fixing America’s Surface Transportation (FAST) Act, they added. Source: […]