Industry Insights

Continental Resources Inc., Oklahoma City, has agreed to sell nonstrategic properties in North Dakota and Montana to an undisclosed buyer for $222 million. Source: News

Tullow Oil PLC has started oil production from Tweneboa, Enyenra, and Ntomme (TEN) fields offshore Ghana. Source: News

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

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

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 […]

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