Crude oil benchmark prices rose moderately on New York and London markets Oct. 15 amid rising US-Saudi tensions after the disappearance and suspected killing of a dissent Saudi journalist. US President Donald Trump has suggested some punishment if the Saudi government is found to have been involved in the disappearance of journalist Jamal Khashoggi who […]
Watching Government: Improving pipeline cybersecurity
The US Departments of Energy and Homeland Security jointly announced a new Pipeline Security Initiative on Oct. 3 as their Oil and Natural Gas Subsector Coordinating Council (ONG SCC) held its final 2018 meeting at DOE. Source: News
API: US petroleum net imports rose strongly on falling exports
The US has reached a new record for crude oil production of 10.8 million b/d over the past 2 months, but petroleum exports decreased by 1.3 million b/d since June, according to a recent industry outlook for the third quarter from the American Petroleum Institute. Source: News
Michigan in new deal or Enbridge to replace Line 5 in straits
Enbridge Inc. will shut down and replace its Line 5 across the Straits of Mackinac with a multiuse utility tunnel that the Calgary energy transmission company will pay for, Michigan Gov. Rick Snyder (R) announced. Source: News
EPA proposes revisions in oil and gas operations’ emissions limits
The US Environmental Protection Agency proposed changes in regulations it issued in 2016 limiting emissions at oil and gas operations. Specifically, it is reconsidering fugitive emissions requirements, wellsite pneumatic pump standards, requirements for certification of closed vent systems, and the alternative means of emissions limitations provisions, EPA said in an Oct. 15 Federal Register notice. […]
NGSA: Record winter gas demand to be matched by record production
US demand for natural gas is projected to reach an all-time high this winter, but soaring production will ably satisfy demand, resulting in flat pressure on prices compared to last winter, the Natural Gas Supply Association said in its 18th annual Winter Outlook forecast of the wholesale winter gas market. Source: News
Oil’s growth market
Whether or not governments aggressively pursue energy sustainability, petrochemicals constitute an important growth market for oil and natural gas. Work should start now to prevent activists from sabotaging the business. Source: News
Climate change positioning
Some oil companies are addressing climate change through various initiatives, including ongoing investments in alternate energy and supporting a new political action committee dedicated to passage of a US carbon tax. Source: News
WoodMac: Asia-Pacific oil and gas industry set for rebound
The Asia-Pacific’s oil and gas industry looks set to rebound over the next 12 months as rising demand, stronger commodity prices, and an uptick in merger and acquisition activity bring greater confidence to the region, according to a recent report from Wood Mackenzie. Source: News
ADNOC to build sulfur pipeline, expand Shah gas processing
Abu Dhabi National Oil Co. (ADNOC) Sour Gas, a subsidiary joint venture of ADNOC and Occidental Petroleum Corp., is set to build a pipeline to carry molten sulfur produced by its Shah field sour gas operations. Source: News