Mechanical issues halt production at Gorgon LNG

Chevron Australia Pty. Ltd. reported on Apr. 6 that LNG production at the Gorgon project on Barrow Island offshore northwestern Western Australia has been temporarily halted due to mechanical issues with the propane refrigerant circuit on Train 1 at the plant site. Source: News

CAPP: Capital spending in Canadian upstream to decline in 2016

The Canadian Association of Petroleum Producers (CAPP) said total capital spending in upstream oil and natural gas operations in Canada is forecast to decline to $31 billion in 2016. Spending reached $81 billion in 2014. Source: News

MARKET WATCH: NYMEX, Brent oil prices jump after US inventory drops

Light, sweet crude oil prices for May delivery jumped $1.86 during Apr. 6 trading to close at $37.75/bbl after the weekly inventory report showed US crude oil supplies fell by an estimated 4.9 million bbl for the week ended Apr. 1 compared with the previous week. Source: News

Voters concerned about RFS ethanol mandates, survey for API finds

A survey of registered US voters found 77% of the respondents concerned that raising the allowable ethanol limit in gasoline beyond 10% could increase the retail price by up to 26¢/gal, reduce supplies, and create shortages, the American Petroleum Institute said. Source: News

Freeport-McMoRan restructures oil, gas division

Freeport-McMoRan Oil & Gas (FMOG), a subsidiary of Phoenix-based mining firm Freeport-McMoRan Inc. (FMI), is being restructured as an operating division of FMI. Source: News