Nozomi Fujita has been named by Inpex Corp. as general manager of the exploration and production unit in the Eurasia and Middle East project division. Source: News
“Several” injured in Saudi Aramco fire near Riyadh
Saudi Aramco said “several” people were injured Oct. 19 in a fire near a tank at a crude oil processing facility near Riyadh. Source: News
Reliance plans FCCU shutdown at Jamnagar for 5 weeks
Reliance Industries Ltd., Mumbai, is planning to shut a fluidized catalytic cracking unit (FCCU) at the Jamnagar refinery for about 5 weeks for routine maintenance and inspection beginning the second week in November. Source: News
API will pursue RFS reform during 2016 lame-duck Congress and beyond
The American Petroleum Institute plans to press members of Congress to reform the federal Renewable Fuel Standard when the federal lawmakers return for their 2016 lame-duck session following the Nov. 8 elections, an API official said. Source: News
EIA: US natural gas storage builds
The Energy Information Administration estimated US natural gas in underground storage across the Lower 48 at 3.836 tcf as of Oct. 14, marking a net increase of 77 bcf from the previous week. Source: News
MARKET WATCH: NYMEX crude oil settles above $51/bbl, Brent above $52/bbl
Light, sweet crude oil prices jumped by more than $1/bbl to settle above $51/bbl for both November and December on the New York market Oct. 19, marking the highest level for the front-month settlement since July 14, 2015. Source: News
Casillas, Kayne Anderson JV expands Oklahoma SCOOP position
Casillas Petroleum Resource Partners LLC, a partnership formed earlier this year by Tulsa producer Casillas Petroleum Corp. and Los Angeles private equity firm Kayne Anderson Capital Advisors LP, has made its second deal for acreage in the Oklahoma SCOOP. Source: News
BPTT executive blames long-term LNG contracts for revenue losses
BP Trinidad & Tobago’s Regional Pres. Norman Christie confirmed that Trinidad and Tobago has lost billions of dollars in potential revenues because of the contractual arrangements between the Caribbean twin-island nation and partners in the Atlantic LNG (ALNG) venture surrounding LNG exports. Source: News
EIA report shows 5.2 million-bbl drop in US crude stockpiles
US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, dropped 5.2 million bbl during the week ended Oct. 14 from the previous week’s total, according to the US Energy Information Administration’s Weekly Petroleum Status Report. Source: News
Quadrant Energy says Roc-2 appraisal well confirms gas, condensate
The Quadrant Energy Ltd.-operated Roc-2 appraisal well in the Bedout subbasin offshore Western Australia 160 km north of Port Hedland has produced better-than-expected results during a sustained flow test program. Source: News