BP PLC has let contracts to McDermott International Inc. and Baker Hughes for subsea umbilicals, risers, and flowlines (SURF) and subsea production system equipment at the Greater Tortue Ahmeyim natural gas project offshore Mauritania and Senegal. Source: News

Key Petroleum Ltd., Perth, signed a nonbinding memorandum of understanding with Santos Ltd. and Beach Energy Ltd., both of Adelaide, to cover the proposed terms for connection and transport of natural gas from Key’s Tanbar project area in southwest Queensland to the Cooper basin gas-gathering network for processing at Moomba in South Australia. Source: […]

Benchmark crude oil prices declined on markets in New York and London on Mar. 8 following comments that officials from the US and China have yet to schedule a summit to resolve their trade dispute. Terry Branstad, US envoy to Beijing, said negotiators continue trying to work out differences, including details on enforcement of any […]

Resumption of oil and gas geological and geophysical (G&G) data gathering on the US Mid-Atlantic Outer Continental Shelf after more than 30 years would help advance scientific knowledge as well as identify and determine the value of potential resources there, US Bureau of Ocean Energy Management Acting Director Walter D. Cruikshank told one US House […]

PTTEP Australasia (Ashmore Cartier) Pty. Ltd., a wholly owned subsidiary of PTT Exploration & Production PCL, reported making a natural gas and condensate discovery with its Orchid-1 well, the first exploration well drilled in permit AC/P54 in the Timor Sea offshore Australia. Source: News

The US drilling rig count is down 11 units to 1,027 rigs working for the week ended Mar. 8, according to Baker Hughes data. The count is up 43 units from the 984 rigs working this time a year ago. With an 11-unit loss week-over-week, 1,004 rigs are drilling on land. The number of rigs […]

Williams Cos. Inc., Tulsa, has launched a binding open season for Regional Energy Access, an incremental expansion of the Transco natural gas pipeline, that will serve the US Northeast as early as November 2022. The open season runs to Apr. 8. Source: News

Western Australia’s Environmental Protection Authority (WAEPA) has revised its guidance on mitigating greenhouse gas emissions from large new or expanding projects in the state, drawing the ire of the petroleum industry. Source: News

With Iowa caucuses less than a year away, presidential hopefuls from both political parties are busy kissing the ethanol baby.   Source: News

Light, sweet crude oil prices gained on the New York market Mar. 7 as did Brent crude oil prices in London despite indicators of weakening world economic growth. The European Central Bank cut its 2019 growth forecast to 1.1% from 1.7%. Previously, the Organization for Economic Cooperation and Development downgraded its growth forecasts for the […]