US reported greenhouse gas emissions totaled 2,898 million tonnes of carbon dioxide equivalent, 2.7% less than in 2016, the US Environmental Protection Agency reported on Oct. 17. The direct emissions data from 7,544 facilities in nine energy sectors as of Aug. 19 represent about half of the nation’s total GHG emissions, it said. Source: News
MARKET WATCH: Oil prices drop on surprise build in US oil inventory
Light, sweet oil prices settled under $70/bbl, down more than $2 on the New York market Oct. 17 compared with the previous day after a government report showed an unexpected rise in the US crude oil inventory, excluding the Strategic Petroleum Reserve. Source: News
Noreco to buy Shell Denmark upstream unit for $1.9 billion
Norwegian Energy Co. ASA (Noreco) has acquired from Royal Dutch Shell PLC the company’s upstream interests in Denmark via its shares in Shell Olie-og Gasudvinding Danmark BV (SOGU) in a deal valued at $1.9 billion. SOGU, a wholly owned Shell subsidiary, holds a 36.8% non-operating interest in the Danish Underground Consortium (DUC). Source: News
Crimson Midstream, MPLX launch open season for Swordfish line
Crimson Midstream and MPLX have launched a binding open season to assess interest and solicit commitments from prospective shippers for crude oil transportation service on the Swordfish Pipeline. The pipeline is being developed to connect existing terminal facilities in St. James, La., and Raceland, La., to the Louisiana Offshore Oil Port terminal facility in Clovelly, […]
Wintershall granted drilling permit in the Norwegian Sea
Wintershall Norge AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 6706/6-2 S in the Norwegian Sea. The well will be drilled using Transocean Ltd.’s Transocean Spitsbergen ultradeepwater semisubmersible drilling rig about 7 km northwest of the 6706/6-1 (Hvitveis) natural gas discovery made in 2003. Source: News
EIA: US crude inventories increase 6.5 million bbl
US crude oil inventories, excluding the Strategic Petroleum Reserve, increased by 6.5 million bbl for the week ended Oct. 12, according to data from the US Energy Information Administration. At 416.4 million bbl, US crude oil inventories are about 2% above the 5-year average for this time of year, the report indicated. Source: News
MARKET WATCH: Oil price rally pauses given US stock market volatility
Light, sweet oil prices climbed to settle slightly higher on Oct. 16 but fell Oct. 17 in early trading on the New York market, which analysts attributed to broader US equity market jitters. Crude prices had climbed to multiyear highs recently on oil supply concerns worldwide. Source: News
Lukoil lets EPC contract for Kstovo coker
Lukoil NizhegorodNefteorgSyntez has let an engineering, procurement, and construction contract to McDermott International Inc. for a delayed coking unit at the 17 million-tonne/year refinery at Kstovo in Central Russia’s Nizhny Novgorod region. The 2.1 million-tpy coker will be part of a deep-conversion complex under construction at the refinery. Source: News
Tallgrass, Silver Creek expand combine to transport PRB production
Tallgrass Energy LP, Leawood, Kan., and Silver Creek Midstream LLC, Irving, Tex., will expand their Powder River basin joint venture to own the Iron Horse Pipeline, the Powder River Express Pipeline (PREP), and crude oil terminal facilities in Guernsey, Wyo. Tallgrass will operate Powder River Gateway LLC with 51%. Silver Creek will own 49%. Source: […]
DrillCo plans fall through for Jones Energy
Jones Energy Inc., Austin, has scrapped plans to form a drilling joint venture in the Merge and Western Anadarko basins after a potential financing deal fell through. Source: News