Enbridge received approval from Canada’s National Energy Board on Oct. 10 to restart one of its natural gas pipelines following response to a rupture in a transmission pipeline 13.5 km north of Price George, BC. Source: News
EIA lifts US crude oil production forecast for 2019
In its October Short-Term Energy Outlook, the US Energy Information Administration forecast that US crude oil production will average 11.8 million b/d in 2019, which is 300,000 b/d higher than the forecast in its September STEO. The higher production forecast reflects higher-than-expected increases to Texas and North Dakota production in July, revising upwards the baseline […]
DOE’s Fossil Energy Office intends to fund EOR research
The US Department of Energy’s Fossil Energy Office reported on Oct. 10 that it intends to fund cost-shared research and development projects that reduce risks associated with enhanced oil recovery and expand the application of EOR methods. The solicitation closes on Jan. 31, 2019. Source: News
Williams sells out Leidy South pipeline capacity
Williams Cos. Inc.’s Transco interstate pipeline has executed binding 15-year commitments with Seneca Resources Co. LLC and Cabot Oil & Gas Corp. for 100% of the 580 MMcfd of firm natural gas transportation capacity available under its proposed Leidy South expansion project. Source: News
EIA: US crude inventories increase 6 million bbl
US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6 million bbl for the week ended Oct. 5, according to data from the US Energy Information Administration. EIA released the Weekly Petroleum Status Report a day later than normal due to the closure of the federal government on Oct. 8. Source: News
Silver Creek acquires Powder River basin assets from Genesis Energy
Silver Creek Midstream has closed the acquisition of Genesis Energy’s Powder River basin crude gathering, storage, and rail assets (trunkline system) and will pursue identified projects to address demand for crude oil midstream services in the basin with equity from a joint venture formed by Tailwater Capital and Energy & Minerals Group. Source: News
Murphy Oil, Petrobras form deepwater gulf combine
Murphy Exploration & Production Co.-USA and Petrobras America Inc. (PAI) have formed a joint venture comprised of all the current producing Gulf of Mexico assets from Murphy and PAI. Murphy, which will oversee operations, will own 80% of the combine and PAI will own 20%. Source: News
Chariot to plug well offshore Namibia
Chariot Oil & Gas will plug its Prospect S well on the Central Blocks license offshore Namibia after determining the target reservoir is water-bearing. The Ocean Rig Poseidon drillship drilled the well to 4,165 m TMD in 1,650 m of water. Source: News
MARKET WATCH: NYMEX oil prices fall pending US inventory report
Oil prices fell about $1.80 to settle just above $73/bbl on the New York market on Oct. 10. Analysts partially attributed the drop to an anticipated rise in the weekly US oil inventory. The US Energy Information Administration was scheduled to release its Weekly Petroleum Status Report on Oct. 11, a day later than normal […]
‘Major incident’ disrupts operations at New Brunswick refinery
Irving Oil Ltd. is resuming turnaround work following a “major incident” on Oct. 8 at its 300,000-b/d St. John refinery in the eastern Canadian province of New Brunswick. The refinery as a whole is safe, and the specific site of the incident is isolated and contained, Irving said in a news release. Source: News