We get our data from NASDAQ (http://www.nasdaq.com/quotes/), paying attention to the following: XOM, CVX, PSX, SU, MPC, and COP.
Smorbukk South ‘fishbone’ well flow starts
Statoil ASA has started production from the low-permeability Smorbukk South Extension of Asgard oil and gas field in the Norwegian Sea with what it claims to be the first use of “fishbone” multilateral technology offshore Norway. Source: News
NPD reports small oil discovery by Statoil
The Norwegian Petroleum Directorate reported a small oil discovery by Statoil Petroleum AS in the northern North Sea. Source: News
MARKET WATCH: NYMEX oil prices holding steady before Labor Day weekend
The price for light, sweet crude oil for October delivery settled modestly higher on the New York market to remain above $46/bbl on Sept. 3 before the Labor Day holiday in the US. Source: News
Second segment of Aegis pipeline complete
Enterprise Products Partners LP (EPP) has completed construction of the Aegis pipeline segment connecting Beaumont, Tex., with Lake Charles, La. Source: News
Investigation under way into Venezuelan gas processing plant fire
An investigation is under way into a fire that broke out on Aug. 31 at the onshore Cardon IV gas processing plant at Tiguadare in Venezuela’s northwestern state of Falcon. Source: News
Russia’s Sibur-Gazprom Neft JV commission gas processing plant
A joint venture of Russian conglomerate PJSC Sibur Holding, Moscow, and PJSC Gazprom Neft, St. Petersburg, have commissioned the newly built Yuzhno-Priobskiy gas processing plant (Yuzhno-Priobskiy GPP) in Western Siberia’s Khanty-Mansi Autonomous Area. Source: News
Shell, BG merger cleared by EU
The European Commission has unconditionally approved the planned $70-billion merger of Royal Dutch Shell PLC and BG Group PLC reported in April. Source: News
Holly Energy to buy half of Frontier Pipeline
Holly Energy Partners LP, Dallas, reported it would acquire 50% interest in Frontier Pipeline Co., owner of the Frontier Pipeline, from an affiliate of Enbridge Inc. No acquisition price was disclosed. Source: News
Inpex submits revised plan to Indonesia for Abadi LNG project
Inpex Corp., Tokyo, has submitted a revised plan of development to the Indonesian government for the Abadi LNG project in the Arafura Sea. It envisions a floating LNG (FLNG) plant with a processing capacity of 7.5 million tonnes/year. Source: News