Explosive munitions struck the In Salah gas plant in Krechba, Algeria, early Mar. 18. No injuries were reported, but operators shut down the central processing facility as a precaution. Source: News
BOEM proposes new air-quality rules for offshore oil, gas drilling
The US Bureau of Ocean Energy Management proposed new air-quality requirements for offshore oil and gas drilling that it said would more accurately account for emissions and effective protect any state’s air quality. It said that the proposal updates 36-year-old regulations and incorporates BOEM’s Arctic Outer Continental Shelf jurisdiction over air quality, which Congress recently […]
MARKET WATCH: NYMEX oil prices top $40/bbl, Brent for May tops $41/bbl
Light, sweet crude oil prices closed above $40/bbl on the New York market Mar. 17 for the first time since Dec. 3, 2015, and US natural gas futures settled at nearly $1.94/MMbtu, their highest level in a month. Source: News
TransCanada agrees to buy Columbia Pipeline Group for $13 billion
TransCanada Corp., Calgary, has agreed to acquire Columbia Pipeline Group Inc. of Houston for $13 billion, including the assumption of $2.8 billion of debt. Source: News
PHMSA proposal would broaden gas pipeline safety requirements
The US Pipeline & Hazardous Materials Safety Administration proposed broader natural gas transmission pipeline safety regulations that would add new assessment and repair criteria, and include lines in medium population density areas, called moderate consequence areas, where an incident would pose a risk to human life. Source: News
PDO lets contract for Omani oil, gas processing installations
Petroleum Development Oman (PDO), through contractor Petrofac Ltd., has let a contract to a subsidiary of Veolia Environnement SA, Paris, to provide process water treatment solutions for industrial water on PDO’s Rabab Harweel Integrated Project (RHIP) oil and gas operations near Harweel in southern Oman. Source: News
Oil output from Prirazlomnoye in Russian Arctic to get major boost
PJSC Gazprom Neft says expected peak oil production has been doubled from Prirazlomnoye field in the Pechora Sea, 60 km offshore Russia. Source: News
API: US gasoline demand reached a new all-time high in February
Total US petroleum deliveries, a measure of consumer demand, gained 2% in February from year-ago levels to average 19.8 million b/d, according to the American Petroleum Institute’s monthly statistics. These were the highest February deliveries in 8 years. Source: News
Quadrant-led group to drill appraisal well off Western Australia
Encouraging reserves estimates for a discovery offshore Western Australia have led to a decision to drill an appraisal well this year. Source: News
NPD sets Sept. 6 applications deadline for blocks in APA 2016
The Norwegian Petroleum Directorate has set a Sept. 6 applications deadline for its 2016 Awards in Predefined Areas (APA) in the North Sea, Norwegian Sea, and Barents Sea. Awards will be announced during first-quarter 2017. Source: News