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Oil and Gas Journal's News & Analysis

Fri, 21 Sep 2018 17:50:00 GMT
API: US petroleum net imports increased strongly on falling exports

The US has reached a new record for crude oil production of 10.8 million b/d over the past 2 months, but petroleum exports decreased by 1.3 million b/d since June, according to a recent industry outlook for the third quarter from the American Petroleum Institute. The nation’s overall petroleum trade balance went from net imports of 2.9 million b/d in June to 4.54 million b/d in August.

Fri, 21 Sep 2018 16:58:00 GMT
Williams completes construction of Atlantic Sunrise gas line

Williams Cos. has completed construction of its 1.7-bcfd, 200-mile Atlantic Sunrise natural gas pipeline, which is ready to be placed into service pending final approval from the US Federal Energy Regulatory Commission. The company requested such approval Sept. 19.

Fri, 21 Sep 2018 16:21:00 GMT
Woodside signs LNG supply deal with Uniper

Woodside Petroleum Ltd. subsidiary Woodside Energy Trading Singapore Ptd. Ltd. has signed a heads of agreement (HOA) with Germany energy firm Uniper Global Commodities SE for the supply of as much as 600,000 tonnes/year of LNG over a period of 4 years starting in 2019.

Fri, 21 Sep 2018 14:55:00 GMT
MARKET WATCH: NYMEX oil prices drop but hold above $70/bbl

The light, sweet crude oil prices for October and November declined modestly yet each settled above $70/bbl on the New York market Sept. 20 while Brent crude oil prices for November and December also fell but each settled above $78/bbl in London.

Fri, 21 Sep 2018 14:46:00 GMT
China imposes 10% tariff on US LNG

China imposed a 10% tariff on LNG imports from the US, describing the measure as a response to the latest US tariffs on $200 billion of Chinese goods. The 10% tariff, which includes other products as well to affect $60 billion worth of trade, will go into effect Sept. 24, according to China’s ministry of commerce.

Thu, 20 Sep 2018 20:13:00 GMT
US House Democrats express NPR-A oil development concerns to BLM

US Rep. Raul M. Grijalva (D-Ariz.), the House Natural Resources Committee’s ranking minority member, and the top Democrats on two of the committee’s subcommittees urged the US Bureau of Land Management to maintain critical wildlife and caribou habitat protections near Teshekpuk Lake on Alaska’s North Slope.