$100 Oil? Drone Strikes Halt Half Of Saudi Crude Production | OilPrice.com

Drones attacked Abqaiq facility in Saudi Arabia and the Khurais oil field run by Saudi Aramco early Saturday morning, the kingdom’s interior ministry said, sparking a massive fire at a crude processing plat essential to global oil supplies. The closure will impact nearly 5 million barrels of crude processing per day, affecting 5 percent of the world’s […]

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U.S. natural gas production reaches a new record despite low prices – Today in Energy – U.S. Energy Information Administration (EIA)

U.S. natural gas production continued to increase in August, setting a new daily production record of 92.8 billion cubic feet per day (Bcf/d) on August 19, 2019, according to estimates from IHS Markit. Natural gas production also set a new monthly record in August, averaging more than 91 Bcf/d for the first time. In the […]

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Alaska Snow Cover Is Thinning and May Cause Problems for Drilling – Bloomberg

Snow depths on Alaskaโ€™s North Slope have thinned this year, the University of Alaska Fairbanks said in a study, creating a possible obstacle for exploration in part of the Arctic National Wildlife Refuge thought to harbor more than 7 billion barrels of oil. โ€” Read on www.bloomberg.com/news/articles/2019-09-07/alaska-snow-cover-thinning-may-pose-hurdle-for-refuge-drilling

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Enbridge Energy Conducting Surveys For Potential Reroute Of Line 5 Pipeline | Wisconsin Public Radio

Enbridge Energy is requesting permission from residents and local governments to conduct land surveys in northern Wisconsin as it explores rerouting its Line 5 pipeline outside of the Bad River tribeโ€™s reservation. Line 5 carries up to 540,000 barrels of oil and natural gas liquids per day from Superior to Sarnia, Ontario. On Thursday, an […]

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Courting millennials, Shell, Phillips 66 turn to social media influencers – HoustonChronicle.com

When car enthusiast John Hennessey started a YouTube channel more than a decade ago, he just wanted his Sealy auto modification shop to keep up with the times. Fast forward 12 years and Hennesseyโ€™s social media presence has exploded to 340,000 YouTube subscribers and 1 million Instagram followers watching his mechanics modify high-end cars and […]

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Concho sells Permian assets to Houston’s Spur Energy for $925M – Midland Reporter-Telegram

Midland’s Concho Resources said Tuesday it will sell its more mature Permian Basin assets in New Mexico for $925 million to the Houston startup Spur Energy Partners. Concho, which has struggled financially of late, will use the funds to cut down on debt and initiate a share buyback program to help appease Wall Street, while […]

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Energy Transfer seeks five-year extension to build Lake Charles LNG export terminal – Houston Chronicle by Sergio Chapa

Dallas pipeline operator Energy Transfer is asking federal regulators for a five-year extension to build the company’s proposed Lake Charles LNG export terminal. Energy Transfer received a federal permit for the project in December 2015. Under the terms of that the permit, the 240-acre liquefied natural gas export terminal was supposed be operational by December […]

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COLUMN-Asia’s imports of U.S. crude hit record, but pullback likely: Russell – Reuters

Asia’s crude oil imports from the United States climbed to a record in August, but that may be as good as it gets for some time – and it’s not just the escalating trade war between Washington and Beijing to blame. โ€” Read on www.reuters.com/article/column-russell-crude-usa-asia/column-asias-imports-of-u-s-crude-hit-record-but-pullback-likely-russell-idUSL3N25U1CC

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American Petroleum Institute: We can meet energy demand sustainably

Oil and gas industry invests billions in zero- and low-greenhouse gas emission technologies, writes R. Dean Foreman of the American Petroleum Institute โ€” Read on www.usatoday.com/story/opinion/2019/08/27/american-petroleum-institute-can-meet-demand-sustainably-editorials-debates/2136115001/

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EXCLUSIVE-EPIC Midstream ships first crude on new Permian line to Gulf Coast – Reuters

EPIC Midstream Holdings LLC on Thursday began shipping crude oil on its 400,000 barrel per day (bpd) pipeline from the Permian Basin to the U.S. Gulf Coast, pushing Midland crude prices to the highest in six months, traders said. โ€” Read on www.reuters.com/article/epiccrude-pipeline-startup/exclusive-epic-midstream-ships-first-crude-on-new-permian-line-to-gulf-coast-idUKL2N25B1SX

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