California’s two US senators asked US President Barack Obama to form an investigation task force led by the US Department of Energy to investigate the cause and effects of the leak from Southern California Gas Co.’s Aliso Canyon natural gas storage facility, whether the facility can safely be operated, and necessary steps to protect other […]
BPTT weighs development plan for Angelin gas field off Trinidad and Tobago
BP Trinidad & Tobago (BPTT) reported that it will make an investment decision in this year’s fourth quarter on whether to develop its Angelin gas field 40 km offshore Trinidad and Tobago’s east coast. Source: News
Rangeland building out liquids export systems
Rangeland Energy has started development of the South Texas Energy Products System (STEPS). STEPS will receive and store refined products, LPG, and other hydrocarbons at a new terminal in Corpus Christi, Tex., and transport them to terminals primarily in Mexico. Source: News
BHI: Another double-digit decline for US rig count
The overall US drilling rig count dropped 12 units to 464 units working during a week ended Mar. 24 shortened by the Good Friday holiday, according to Baker Hughes Inc. data. Source: News
Second gas supply agreement signed for Sole field
Cooper Energy Ltd., Adelaide, has signed a binding heads of agreement (HOA) with AGL Energy Ltd., Sydney, regarding supply of natural gas from Sole field and nearby Manta field in Bass Strait offshore eastern Victoria. Source: News
Chinese group moves into Santos share register
China’s ENN Group Co. Ltd. is set to acquire 11.7% of Santos Ltd., Adelaide. Source: News
Woodside-led venture postpones Browse LNG project
The Woodside Petroleum Ltd.-led Browse LNG joint venture has decided to indefinitely defer the development following the completion of the front-end engineering and design (FEED) process. Source: News
American Energy Partners’ Permian units change names, appoint executive leadership
Two Permian basin-focused units of American Energy Partners LP (AELP) have changed their names as they transition to become standalone companies. Source: News
Covey Park Gas to acquire Louisiana assets
Covey Park Gas LLC, Dallas, has agreed to acquire acreage and natural gas production in the Haynesville and Bossier shales of Louisiana from subsidiaries of EP Energy Corp., Houston, for $420 million. Source: News
MARKET WATCH: NYMEX oil prices fall more than $1/bbl in thin trading
Light, sweet crude oil prices fell more than $1/bbl on the New York market Mar. 23 with the May contract closing at $39.79/bbl, and analysts noted price fluctuations were especially pronounced because trading volumes were light going into the Easter holiday weekend. Source: News