Continental Resources Inc., Oklahoma City, has entered a deal with Badlands NGLs LLC, Denver, for the long-term supply of ethane to Badlands’ proposed polyethylene (PE) production plant to be built in North Dakota. Source: News
MARKET WATCH: NYMEX, Brent oil prices slide by more than $1/bbl
Crude oil prices fell more than $1/bbl on both the New York and London markets Sept. 28, which analysts and traders largely attributed to weakness in equities and commodities markets. Meanwhile, ample world oil supplies still exist even though US production has started to decline. Source: News
The fuel price-tax analogy vanishes when prices plunge
If high fuel prices are like a tax increase, shouldn’t low fuel prices be receiving gushes of American welcome? Source: News
Political instability, debt handicap Venezuela oil, speakers say
Mounting political unrest under an increasingly oppressive government is only one reason Venezuela is having more trouble coping with depressed crude oil prices than other major producing countries, speakers said at a Columbia University Center on Global Energy Policy event in New York. Source: News
WoodMac: New minimums for Mexico's Round One are 'internationally competitive'
Newly announced minimum acceptable bids for the shallow-water development phase of Mexico’s Round One are internationally competitive, according to analysis from research and consultancy firm Wood Mackenzie Ltd., which adds that two thirds of the qualified companies could place bids. Source: News
Conditions seen worsening for majors until late 2016
Fundamental business conditions for integrated oil and gas companies will worsen before signs of improvement appear late next year, according to a Moody’s Investors Service assessment based on reduced expectations for crude oil and natural gas prices. Source: News
API: EPA should heed cities' inability to meet current ozone limits
New US Environmental Protection Agency data, which show states and cities are having trouble meeting current ground-level ozone limits, cast doubt on their ability to meet stricter requirements the agency is considering, an American Petroleum Institute official said. Source: News
Watching Government: Obama's ozone remarks
When he addressed the Business Roundtable on Sept. 15, US President Barack Obama acknowledged there could be problems for states and cities when the US Environmental Protection Agency issues possibly more stringent ozone rules on Oct. 1. Source: News
White House not inclined to end crude oil export ban, official says
The White House believes a decision on whether to end a 40-year-old ban on exports of US-produced crude oil should come from the US Department of Commerce instead of the Oval Office, White House Press Sec. Josh Earnest said. Source: News
Owning the agenda
Senate Democrats and former Sec. of State Hillary Clinton have joined US President Barack Obama’s escalating campaign to sacrifice welfare from fossil energy to newly sanctified fear about climate change. Source: News