North West Redwater Partnership (NWRP) has delayed introduction of bitumen feed from Alberta’s oil sands at the first 80,000-b/d phase of its proposed three-phased greenfield bitumen refinery in Sturgeon County, about 45 km northeast of Edmonton, Alta. Source: News
PGNiG drills production well in Pakistan’s Rehman field
PGNiG SA has spudded the Rehman-6 production well on the western part of Rehman field in Pakistan to develop tight gas in a Cretaceous sandstone formation. Crews plan to drill to 2,700 m. PGNiG Pres. Piotr Wozniak said the company plans to drill four wells and put three of them on stream, including Rehman-6, during […]
NOPSEMA extends ruling time on GAB exploration
Australia’s National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has told Norwegian company Equinor Australia BV that it needs more time to decide about Equinor’s environmental plan for the proposed exploration drilling program in the South Australian section of the Great Australian Bight (GAB). Source: News
Indiana CCS project gets OGCI investment
An Indiana integrated gasification combined cycle plant (IGCC) to be converted for ammonia production will receive funding from OGCI Climate Investments for an adjacent carbon capture and sequestration (CCS) project. Source: News
MARKET WATCH: Oil benchmarks drop ahead of OPEC meeting
Oil prices dropped on both the New York and London markets May 17, ending three sessions of gains. Analysts attributed the price drop to heightened US-Iran tensions and rising concerns about possible disruptions to oil shipments across the Middle East. Source: News
For US LNG, broad trade-war effects worse than tariffs
Politicization of energy and trade might matter more to US LNG exports and projects than a tariff raised by China amid a trade war. Source: News
Baker Hughes: US rig count down 1 unit to 987
The US drilling rig count was down a single unit to 987 the week ended May 17, according to Baker Hughes data. The count is down 59 units from this time a year ago when the count stood at 1,046. Source: News
US House panel studies E&P impacts on water supplies
Members split along party lines on May 16 as a US House Natural Resources Committee subcommittee considered whether US above-ground and underwater supplies are protected adequately from potentially damaging leaks or spills from onshore oil and gas exploration and production. Democrats felt more federal regulation is needed while Republicans said many states are providing enough […]
Liquids yield driving Montney production growth forecast
Total production in Canada’s Montney play will likely reach 10 bcfd of natural gas equivalent this year, an increase of 16% from 2018, and is forecasted to reach 20 bcfed by 2030, driven by rising liquids yield across various sub-plays, according to Wood Mackenzie research. Source: News
API: US petroleum markets remained solid in April
US petroleum markets turned in a solid overall performance in April, according to the latest Monthly Statistical Report from the American Petroleum Institute. Crude oil production sustained a record-tying 12.1 million b/d while total petroleum demand was the highest for the month since 2007 at more than 20 million b/d. Source: News