US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 3.2 million bbl for the week ended Oct. 26, according to data from the US Energy Information Administration. At 426 million bbl, US crude oil inventories are about 2% above the 5-year average for this time of year, the report indicated. Source: News
Enterprise to further expand Mont Belvieu NGL fractionation capacity
Enterprise Products Partners LP (EPP) is planning an additional incremental 150,000-b/d expansion to its existing NGL fractionation complex in Mont Belvieu, Tex. To become the eleventh NGL fractionator at the site, this new unit would increase EPP’s NGL fractionation capacity to 1 million b/d in the Mont Belvieu area and about 1.5 million b/d companywide […]
Enterprise begins construction of Delaware basin gas plant
Enterprise Products Partners LP (EPP) has started construction of a seventh natural gas processing plant in the Delaware basin. Situated in Loving County, Tex., the Mentone cryogenic gas processing plant will have the capacity to process 300 MMcfd of gas and extract more than 40,000 b/d of NGLs upon its startup in first-quarter 2020, EPP […]
FERC’s Energy Projects Office issues draft HDD plan guidance
The US Federal Energy Regulatory Commission’s Energy Projects Office (EPO) has issued a draft guidance called Guidance for Horizontal Directional Drill (HDD) Monitoring, Inadvertent Return Response, and Contingency Plans. The guidance is intended to help industry professionals improve the quality and consistency of their HDD plans and, as a result, make FERC’s environmental review more […]
Survey for API finds voter concern about year-round ethanol mandate
A Harris Poll survey commissioned by the American Petroleum Institute found that a majority of US voters are concerned about the Trump administration’s plans to permit the year-round sale of gasoline with a 15% ethanol blend, API said on Oct. 29. The study was conducted by telephone of 1,001 registered voters across the country on […]
Faroe granted drilling permit in Norwegian Sea
Faroe Petroleum Norge AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 31/7-3 S in production license 740 in the Norwegian Sea. The well will be drilled about 10 km south of Brage field using Transocean Ltd.’s Transocean Arctic semisubmersible drilling rig after it concludes drilling wildcat well 30/6-30 for Faroe […]
TechnipFMC details contract for Midor refinery expansion
TechnipFMC PLC has confirmed details of its scope of work on an earlier awarded let by the Egyptian government for implementation of the expansion at state-owned Middle East Oil Refinery Co.’s (Midor) 115,000-b/d refinery in El Amreya Free Zone, Alexandria, Egypt. Source: News
Fox to become ConocoPhillips chief operating officer
Matt Fox will become executive vice-president and COO of ConocoPhillips following the retirement of Al Hirshberg as executive vice-president, production, drilling, and projects, on Jan. 1, 2019. Fox currently serves as executive vice-president, strategy, exploration, and technology. Source: News
MARKET WATCH: NYMEX drops under $67/bbl, Brent under $76/bbl
Brent crude oil for December delivery fell more than $1 to settle under $76/bbl on the London market on Oct. 30 while light, sweet crude oil prices for December delivery fell modestly to settle under $67/bbl in New York. Source: News
Operators let rig contracts, extensions to Rowan
Fieldwood Energy LLC has let a 1-year contract to Rowan Cos. PLC for use of its Rowan Reliance, an R-Class ultradeepwater drillship, in the US Gulf of Mexico. The contract, which includes three 90-day options, is expected to begin in first-quarter 2019. Rowan Reliance is currently warm-stacked offshore Louisiana in the gulf. Source: News