Tullow Oil PLC has started oil production from Tweneboa, Enyenra, and Ntomme (TEN) fields offshore Ghana. Source: News
DNO drilling in Tawke field in Iraq’s Kurdistan region
DNO ASA, a Norwegian oil and gas operator, said it plans to drill five production wells yet this year in Tawke field in the Kurdistan region of Iraq. The drilling follows an extensive workover program. Source: News
Massachusetts court bars billing electricity ratepayers for new gas pipelines
The Massachusetts Supreme Judicial Court has prohibited ratepayer-funded natural gas capacity purchases by electric utilities. The Aug. 17 decision vacated a Department of Public Utilities Commission order giving it authority to approve electric utilities’ contracts for new gas pipeline capacity if they are in the public interest. Source: News
API: US motor gasoline demand recorded 9.7 million b/d in July
Total motor gasoline deliveries, a measure of consumer demand, increased 2.4% from July 2015 to average nearly 9.7 million b/d, according to data from the American Petroleum Institute. Compared with June, total motor gasoline deliveries increased 0.3%. For year-to-date, total motor gasoline deliveries increased 2.5% compared with year-to-date 2015 to a record level just above […]
MARKET WATCH: Brent crude oil price for November settles above $50/bbl
The Brent crude oil price for November delivery settled above $50/bbl on the London market Aug. 17 after a weekly US government inventory showed crude oil and gasoline supplies fell more than expected. Source: News
Alberta regulator approves plan for sour gas plant
The Alberta Energy Regulator (AER) has approved Calgary-based SemCAMS ULC, a subsidiary of SemGroup Corp., Tulsa, to build its proposed Wapiti sour gas processing plant, which would serve Montney producers in the Wapiti region of the Western Canadian Sedimentary Basin. Source: News
Alberta GHG cap seen costing $250 billion
A proposed cap on emissions of greenhouse gases (GHGs) will limit production growth from Alberta’s oil sands and cost the provincial economy as much as $254.74 billion (Can.) during 2025-40, according to a study by the Fraser Institute. Source: News
New Guinea Energy exits Papua New Guinea
New Guinea Energy Ltd. (NGE), Melbourne, has decided to hand back its final two petroleum exploration permits in Papua New Guinea and complete its planned transition to a listed investment company. Source: News
Petrotrin makes 3D seismic available to oil, gas firms
Trinidad and Tobago’s state-owned Petrotrin LLC has reported that it will make available to interested oil and gas companies the results of its extensive 3D seismic with a view to partnering in future exploration of its acreage. Source: News
WoodMac: Tight gas output triples in Argentina’s Neuquen basin, but costs still vary
A large shift to tight gas production in Argentina’s Neuquen basin is being driven by pricing incentives and lower costs vs. shale gas wells. However, at current costs, only the best tight gas wells break even at the incentivized $7.50/MMbtu gas price, according to analysis from research and consultancy firm Wood Mackenzie Ltd. Source: […]