Light, sweet crude oil prices for November delivery declined to settle back under $45/bbl on the New York market Oct. 1 while analysts and traders appeared focused on forecasting how far US oil production might fall, and how the Organization of Petroleum Exporting Countries will react. Source: News
Shell lets subsea contract for Stones project
Shell Offshore Inc. has let a contract to Technip SA for development of subsea infrastructure for the Stones project in the Walker Ridge area of the US Gulf of Mexico. Source: News
EPA sets new ground-level ozone limit at 70 ppb
The US Environmental Protection Agency announced that it will reduce allowable ground-level ozone limits to 70 ppb from the 75 ppb level it set in 2008. Oil and gas industry trade associations and other major business groups immediately said it went too far. Environmental and public health organizations claimed it did not go far enough. […]
India’s BPCL lets contract for Kochi refinery
Bharat Petroleum Corp. Ltd. (BPCL), Mumbai, has let a contract to Porvair Filtration Group Ltd. to supply filter technology to be implemented at its 9.5 million-tonne/year (tpy) Kochi refinery at Ambalmugal, in the Indian state of Kerala, as part an ongoing integrated expansion project designed to boost the plant’s crude processing capacity to 15.5 million […]
Delek lets contract for emissions-cutting technology at Tyler refinery
Delek US Holdings Inc. has let a contract to ClearSign Combustion Corp., Seattle, to implement its Duplex combustion and emissions-control technology at the newly expanded 75,000-b/d refinery in Tyler, Tex. Source: News
Crude export ban bill sponsors expect movement soon in Senate, House
Sponsors of US Senate and House bills to repeal the 40-year-old ban on exports of US-produced crude oil expect their measures to move ahead soon. Sen. Heidi Heitkamp (D-ND), said the Banking, Housing, and Urban Affairs Committee planned to mark up her bill, S. 1372, on Oct. 1. Rep. Joe Barton (R-Tex.), meanwhile, said his […]
TAEP: Oil oversupply pushing down economic indicators in Texas
The latest Texas Petro Index reflects the ongoing contraction of the upstream oil and gas economy in Texas, falling 10.7 points to 235.4 in August compared with July. Source: News
Federal judge issues preliminary injunction of BLM’s fracing rule
A federal court judge in Wyoming issued a preliminary injunction that will keep the US Bureau of Land Management from enforcing its hydraulic fracturing rule until legal challenges against it are resolved. Source: News
PBF Energy inks deal for California refinery, logistics assets
PBF Holding Co. LLC, a subsidiary of PBF Energy Inc., Parsippany, NJ, has entered an agreement to buy ExxonMobil Corp.’s 155,000-b/d refinery in Torrance, Calif., which has been shuttered since early this year following an explosion and ensuing fire that struck the plant in February. Source: News
MARKET WATCH: NYMEX oil prices drop slightly on higher inventory
Light, sweet crude oil prices declined slightly to settle at just above $45/bbl lower on the New York market Sept. 30 after weekly inventory statistics showed a build in US oil and product inventories. Source: News