US light, sweet crude oil prices dropped on the New York market Oct. 12 to settle just above $50/bbl after the Organization of Petroleum Exporting Countries reported OPEC’s production in September rose 220,000 b/d to 33.39 million b/d, which was the highest level since 2008. Source: News
Ojea Quintana to succeed Scokin as Ultrapetrol CEO
Eduardo Ojea Quintana has been chosen to succeed Damian Scokin as chief executive officer of industrial transportation firm Ultrapetrol (Bahamas) Ltd. Source: News
Alaska government nominates areas for federal 2017-22 OCS program
Alaska’s government formally nominated the Beaufort and Chukchi seas and Cook Inlet for inclusion in the 2017-22 federal Outer Continental Shelf management program being prepared by the US Bureau of Ocean Energy Management. The action is necessary to assure that one lease sale in each area remain in the program, Gov. Bill Walker (I) said […]
Origin group flows gas from Beetaloo basin fraced well
Origin Energy Ltd., Sydney, has reported flow of natural gas from its Amungee NW-1H horizontal well in the Beetaloo basin onshore Northern Territory, 500 km southeast of Darwin. Source: News
GAIL orders gas pipeline laying work in eastern India
GAIL (India) Ltd. has placed orders for 345 km of natural gas pipelaying work in eastern India, from Phulpur, Uttar Pradesh, to Dobhi, Bihar. Source: News
SemGroup reaches FID for Wapati sour gas plant
Calgary-based SemCAMS ULC, a subsidiary of SemGroup Corp., Tulsa, has taken a final investment decision (FID) to proceed with its previously announced plan to build the proposed Wapiti sour gas processing plant to serve Montney producers in the Wapiti region of the Western Canadian Sedimentary Basin. 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
PHMSA finalizes excess flow valve rule for gas distribution pipelines
The US Pipeline & Hazardous Materials Safety Administration issued a final rule on Oct. 7 for excess flow valves on new and replaced distribution pipelines. The final rule requires installation of EFVs in new or replaced service lines for multifamily residences—including apartment buildings and other multiresidential dwellings—and small commercial buildings. Source: News
DNO issues Tawke field operational update for Kurdistan
DNO ASA has completed the drilling of three production wells in Tawke field in Iraq’s Kurdistan region as part of an accelerated drilling program that DNO started in July. Source: News
MARKET WATCH: NYMEX, Brent oil prices drop on IEA report
US light, sweet crude oil prices dropped on the New York market Oct. 11 as did Brent crude oil prices in London after the International Energy Agency said world oil supplies rose in September. Source: News