PNG-LNG project operator ExxonMobil says preliminary assessment of the damage to its facilities in the Southern Highlands from last week’s earthquakes indicates it may take up to eight weeks to repair and restore production. Source: News

The light, sweet crude oil contract for April rose Mar. 2 to settle above $61/bbl on the New York market while Brent crude oil gained to settle above $64/bbl on the Lonon market. Source: News

Formulating drag reducing agents’ (DRA) average concentration and corresponding drag reduction efficiency can show that mechanical degradation of DRA not only occurs after its dissolution but also while dissolution is underway. Source: News

Methods like those used to determine the carbon footprint of crude oil and natural gas from particular reservoirs can also determine the carbon footprint of LNG and LPG from particular sources. Historically, production-to-combustion footprints for crude oil, gas, and related LNG and LPG have been published as an aggregated, single number for a broadly-defined region. […]

The US olefins industry is entering a period of 5 critical years in which decisions made by senior management in a few global petrochemical companies will set the stage for profitability and future expansion projects in the next decade or more. Industry consultant Daniel Lippe examines the US olefins market during second-half 2017 and provides […]

A delayed response by US refiners to rising demand for octane could be costing them potential profits. Industry researcher Sandy Fielden examines refiners’ options to address growing octane demand as well as potential consequences of inaction. Source: News

After more than a century of conventional exploration and development in South East Asia, researchers are now surveying which source rocks will supply the region with the best fit for unconventional development. Source: News

Woodside Petroleum has announced a $2.5-billion (Aus.) equity raising to pay for a number of LNG expansions onshore and offshore Western Australia, including the acquisition of ExxonMobil’s 50% interest in offshore retention lease WA-1-R containing the bulk of the yet-to-be-developed Scarborough natural gas field on the Exmouth Plateau. Source: News

Oil production across the Norwegian Continental Shelf will reach a new peak in 2023, the Norwegian Petroleum Directorate forecasts. Source: News