Crude oil prices dropped just over $1/bbl on the New York market Oct. 28 for both December and January contracts pending news about efforts by the Organization of Petroleum Exporting Countries toward achieving its proposed production cut. Source: News
Campaign principles
Barely noticed in a boisterous presidential campaign, US energy policy finds itself caught in a cross-fire of negativism. Both major-party candidates bear high disapproval ratings; the election is over which is disliked the least. Source: News
Practical magic
There’s something about the city of New Orleans for those of us fortunate enough to hail from there-whether by birth or via a lineage of now long-turned-to-dust ancestors-that tethers you to it as if by some invisible subterranean root shooting through the land and up into you, no matter where in the world you may […]
Extremism weakens Standing Rock Sioux Dakota Access fight
Leaders of the Standing Rock Sioux would strengthen their case against the Dakota Access crude oil pipeline if they’d distance themselves from exploitive environmental activists. Source: News
BHI: Overall US rig count up 4 units despite drop in oil rigs
The tally of US oil-directed rigs ended 17 straight weeks without a decline during the week ended Oct. 28. But the overall rig count was again bolstered by a recent surge in rigs targeting natural gas, with increases in the Haynesville and Marcellus regions. Source: News
Trinidad and Tobago to hold bid round in first-quarter 2017
The Trinidad and Tobago government has announced it will be having a competitive bid round in the first quarter of 2017 that is likely to have a mix of deepwater and near-shore blocks. Source: News
BPTT starts drilling in Amherstia gas field off Trinidad and Tobago
BP Trinidad & Tobago LLC (BPTT) has announced that it has begun drilling in its Amherstia natural gas field in the Columbus basin off the Caribbean twin-island nation’s southeast coast. Source: News
Gazprom Neft discovers oil field in northern Russia
PJSC Gazprom Neft said three exploratory wells found six “independent oil deposits” in the Zapadno-Chatylkinsky license block in the Yamalo-Nenets autonomous okrug in northern Russia. Source: News
Global refining could take some surprising turns, Fesharaki says
The US will remain the world’s leading petroleum product exporter to Latin America, but refineries in India, South Korea, and parts of China could provide fresh competition in Southeast Asia, a leading market observer said at the Center for Strategic & International Studies on Oct. 27. Source: News
Inpex exploratory well offshore southern Japan encounters gas
Inpex Corp., Tokyo, said an offshore exploratory well encountered a thin natural gas reservoir in a shallow zone and “unexpected, strong gas indications” in the deepest zone, “suggesting the presence of a high-pressure gas column.” Source: News