The US Bureau of Land Management is reviewing a proposal from Rocky Mountain Natural Gas (RMNG) to add an additional compressor to its existing Crystal Compressor Station west of Carbondale in western Colorado, the agency’s Colorado River Valley field office in Silt announced. Source: News
Iranian proposal documents due Nov. 19
International oil companies interested in Iranian oil and gas projects must submit prequalification documents by Nov. 19, National Iranian Oil Co. said. Source: News
MARKET WATCH: NYMEX crude oil price edges down on ample supply
Light, sweet crude oil prices dropped slightly by the Oct. 14 settlement to end a volatile week in which the US Energy Information Administration said the country’s commercial crude oil supplies, excluding the Strategic Petroleum Reserve, rose an estimated 4.9 million bbl. Source: News
Watching Government: Giving natural gas its due
Amid some concerns that parts of the Obama administration may be trying to stifle US natural gas production growth to help address global climate change, the White House’s National Economic Council quietly acknowledged that US manufacturers saved about $22 billion from 2006 to 2013 “due to abundant, inexpensive shale gas.” Source: News
Phillips 66 Partners to buy logistics assets for $1.3 billion
Phillips 66 Partners LP has agreed to acquire 30 crude, refined products, and natural gas liquids logistics assets from Phillips 66 for $1.3 billion. Source: News
Groups express concerns as crude oil pipeline protests escalate
Three groups that support the Dakota Access crude-oil pipeline and similar oil and gas transportation projects separately expressed concerns on Oct. 11 after protesters broke into facilities near the Canadian border and elsewhere and tried to close pipeline valves manually. Source: News
IEA: Oil market's rebalancing could come faster if OPEC sticks to target
“The waiting game is over,” the International Energy Agency said in the October issue of its Oil Market Report. This is in regard to the fact that the Organization of Petroleum Exporting Countries has effectively abandoned its free-market policy set nearly 2 years ago, setting a new supply target of between 32.5-33 million b/d. […]
Odds and ends
It’s time once again for some pre-autumn cleaning, when any good oil and gas editor worth his salt dives into some tucked-away e-mail folders to scrounge for any overlooked news tidbits that didn’t make these pages for one reason or another. Source: News
Gaso becomes MOL Group’s upstream executive vice-president
Berislav Gaso has been named upstream executive vice-president of MOL Group. He’s also joined the company’s executive board. Source: News
Presidential race shows the US needs a civics lesson
America needs a civics lesson, and the oil and gas industry should provide it. Source: News