Venezuela has signed an agreement with neighboring Trinidad and Tobago to send its portion of the natural gas being developed and produced from giant Loran-Manatee field to the twin-island nation for processing as LNG. Loran-Manatee field lies along the two countries’ maritime border. Source: News
MARKET WATCH: NYMEX oil prices climb modestly on Yellen’s interest-rate comments
The crude oil contract for November delivery gained modestly to close at just under $45/bbl on the New York market Sept. 24 following a speech by Federal Reserve Chair Janet Yellen in which she said the US economy was strong enough to support an interest-rate increase later this year. Source: News
PBF Energy restarts FCC, advances maintenance at Delaware
PBF Energy Inc., Parsippany, NJ, has restarted the fluid catalytic cracker (FCC) at its 190,000-b/sd refinery in Delaware City, Del., after an Aug. 21 fire at the unit resulted in its complete shutdown (OGJ Online, Aug. 21, 2015). Source: News
Total lets contract for proposed Texas steam cracker
Total Petrochemicals & Refining USA Inc., a subsidiary of Total SA, has let a contract to CB&I, Houston, to provide front-end engineering and design (FEED) services and technology licensing for its previously announced proposal to build a steam cracker to be tied in with its existing operations at the US Gulf Coast (OGJ Online, May […]
Husky Energy increases thermal production at Rush Lake
Husky Energy Inc. said its Rush Lake heavy oil thermal project in Saskatchewan exceeded nameplate capacity of 10,000 b/d a month after startup of production (OGJ Online, July 17, 2015). Source: News
Santos-led Gladstone LNG project on stream
The Santos Ltd.-operated Gladstone LNG project on Curtis Island, Queensland, has been brought on stream on schedule and on budget. Source: News
Ohio court orders fracing ban vote back on Youngstown ballot
The Ohio Supreme Court has cleared the way for Youngstown voters to vote again on a fracturing ban in November even though such an amendment, if approved, could be deemed unconstitutional by courts later. Source: News
MARKET WATCH: NYMEX oil price slumps on China manufacturing slowdown
The crude oil contract for November delivery dropped $1.88/bbl on the New York market Sept. 23 on reports of sluggish manufacturing statistics from China, a major oil consumer, and analysts said those reports contributed to volatility across commodity markets. Source: News
NPD submits assessment of Gullfaks PDO
The Norwegian Petroleum Directorate (NPD) has submitted its assessment of Statoil ASA’s amended plan for development and operation (PDO) for Gullfaks field—involving Shetland-Lista Phase 1—in the Norwegian North Sea to Norway’s Ministry of Petroleum and Energy. Source: News
Global LNG market is heading toward a surplus, BRG analyst says
Countries attempting to import more LNG could increase an already growing advantage over suppliers worldwide in the next few years, a market analyst suggested. Source: News