MARKET WATCH: Oil prices fall, hovering above $30/bbl

Light, sweet crude prices tumbled on the New York market Jan. 25 to settle above $30/bbl, giving up much of the gains from two previous trading sessions, and analysts blamed the price decline upon lingering concerns about an oversupplied world oil market. Source: News

DONG to divest exploration and production

DONG Energy, 58.8% owned by the Danish government, intends to divest its exploration and production business in an initial public offering (IPO) and focus investment on wind power and other renewable energy. Source: News

Shell lets contract for unit at Rotterdam refinery

Royal Dutch Shell PLC has let a contract to KBR Inc., Houston, to provide technology for a solvent deasphalting (SDA) unit at subsidiary Shell Nederland Raffinaderij BV’s 404,000-b/d Pernis refinery in Rotterdam, Netherlands. Source: News

Pennsylvania methane plan emphasizes best technology, leak detection

Pennsylvania’s government developed a four-point strategy to limit methane emissions from natural gas operations in the state. The plan would require the best available technology (BAT) on new unconventional well pads and more stringent leak detection and repair (LDAR) measures during exploration and development, processing, and transmission. Source: News