CERI: Low oil prices hurt Canadian economy

Persistence of low crude oil prices through 2021 would hurt more than help the Canadian economy by constricting oil-producing and affiliated industries, finds a study by the Canadian Energy Research Institute. Source: News


MARKET WATCH: Oil prices stay positive; ‘freeze’ meeting questioned

Light, sweet crude oil prices for April delivery on the New York market continued climbing Mar. 7, gaining $1.98 to settle at $37.90/bbl, but various Middle East high-ranking oil representatives have started questioning news reports regarding the scheduling of a production freeze meeting. Source: News


Gorgon LNG project starts production off Western Australia

Chevron Corp. has started LNG and condensate production at the Gorgon project on Barrow Island off the northwest coast of Western Australia. The first LNG cargo is expected to be shipped next week. Source: News


Total opens new plant at Bayport operations

Total SA has commissioned a $100-million hydro de-aromatization (HDA) plant at its petrochemical manufacturing site in Bayport, Tex., that will produce a range of 40 different high-purity special fluids for use in a variety of industrial applications for US and international customers. Source: News