Archive for the ‘Oil & Gas Journal’ Category
MARKET: NYMEX oil prices plunge more than $2/bbl
June 13th, 2019 by Latest News
Light, sweet crude oil prices for July and August dropped steeply by more than $2 on July 12 to settle below $52/bbl on the New York market while Brent crude oil also dipped by more than $2 in London to settle under $60/bbl.
Two bills making the oil and gas industry anxious have survived in the Canadian Senate—one less damaging than its original version and one not.
World Bank: Global gas flaring up 3% in 2018
June 12th, 2019 by Latest News
Flaring of natural gas rose 3% year-to-year in 2018 to an estimated 145 billion cu m, the World Bank’s Global Gas Flaring Reduction Partnership disclosed on June 12. The growth was associated with increased US crude oil production, although US flaring …
BP report sees energy-emissions ‘mismatch’
June 12th, 2019 by Latest News
Citing a “growing mismatch” between hope and action, BP executives released the company’s annual Statistical Review of World Energy featuring slow progress on climate change and rapid growth in energy demand and emissions of carbon dioxide. The report …
Third KG D6 project off India sanctioned
June 12th, 2019 by Latest News
Reliance Industries and BP have sanctioned the third of three projects in the integrated natural gas development of Block KG D6 in deep water off eastern India. The new project, MJ, is a high-pressure, high-temperature gas condensate field with well de…
The American Fuel & Petrochemical Manufacturers asked a federal appeals court to review the US Environmental Protection Agency’s authorization for gasoline with 15% ethanol (E15) to be sold year-round in the US. AFPM submitted its petition June 11 …
ExxonMobil Corp. has completed a project to expand production of high-quality lubricant base stocks at affiliate ExxonMobil Asia Pacific’s 592,000-b/d integrated, two-site refining complex on mainland Jurong and Pulau Ayer Chawan, Jurong Island, offsho…
Petrobras advances downstream divestment plans
June 12th, 2019 by Latest News
Petrobras has signed a commitment agreement with Brazil’s Administrative Council for Economic Defense consolidating an understanding between the parties on the operator’s previously announced plan to divest its Brazilian refining assets.
DNO to decommission up to 21 wells offshore UK
June 12th, 2019 by Latest News
DNO North Sea (ROGB), a unit of DNO, hired Well-Safe Solutions to decommission up to 21 UK Continental Shelf wells in Schooner and Ketch fields, which DNO acquired in 2018 from Faroe Petroleum. The North Sea fields stopped producing in August 2018.
EIA: US crude inventories up 2.2 million bbl
June 12th, 2019 by Latest News
US crude oil inventories for the week ended June 7, excluding the Strategic Petroleum Reserve, increased 2.2 million bbl from the previous week, according to data from the US Energy Information Administration. Separately, the American Petroleum Institu…