Light, sweet crude oil prices for November delivery gained more than $1/bbl to close at $49.43/bbl on the New York market Oct. 8 after having briefly touched a trading session high of $50.07/bbl. Meanwhile, the Brent crude oil contract for November delivery closed above $53/bbl. Source: News

The United Arab Emirates remains on schedule to boost crude oil production capacity to 3.5 million b/d by 2017 from 2.7 million b/d at present, according to the federation’s energy minister. Source: News

Navajo Refining Co. LLC, a subsidiary of HollyFrontier Corp., Dallas, has let a fixed-price contract to KP Engineering LP (KPE), Tyler, Tex., to deliver detailed engineering, procurement, and construction (EPC) services for a gasoline hydrotreater to be built at the 100,000-b/d Navajo refinery at Artesia, NM. Source: News

Northern Tier Energy LP has concluded previously announced unplanned maintenance work on a crude unit at its 97,800-b/sd refinery at St. Paul Park, Minn. Source: News

Encana Oil & Gas (USA) Inc., a wholly owned subsidiary of Calgary-based Encana Corp., has agreed to sell its DJ basin assets in Colorado to a new entity 95% owned by Canada Pension Plan Investment Board and 5% by Broe Group, Denver, for $900 million. Source: News

Statoil ASA reported an oil spill in the North Sea estimated at 40 cu m during loading from the Statfjord A platform to the Hilda Knutsen tanker. Source: News

The White House said senior advisors would recommend that US President Barack Obama veto a House bill to remove restrictions on exports of domestically produced crude oil if the measure reached his desk. “Legislation to remove crude export restrictions is not needed at this time,” the Office of Management and Budget said in a formal […]

The Gas Processors Association has requested more time to comment on four proposed rules covering methane emissions from oil and gas operations. The Tulsa trade association asked for 60 additional days beyond the Nov. 17 deadline EPA established when it announced the proposed requirements on Sept. 18. Source: News

Gulfport Energy Corp. and Rice Midstream Holdings LLC, a wholly owned subsidiary of Rice Energy Inc., announced plans to form a midstream joint venture to develop natural gas gathering and water services assets to support dry gas development in the Ohio counties of Belmont and Monroe. Source: News

Light, sweet crude oil prices for November delivery dropped about 70¢/bbl to close under $48/bbl on the New York market Oct. 7, ending a 3-day rally after a weekly US government report showed a gain in the oil and product inventory. Source: News