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Coast Guard cadets summoned to battle climatological foe

Fri, May 22, 2015

Confusion evident in President Barack Obama’s commencement address at the Coast Guard Academy raises a question bearing on American foreign policy: Is it possible the administration has let its obsession with global warming skew relationships with oil-producing allies?

FWS mulling steps to curb migratory bird deaths at oil and gas sites

Fri, May 22, 2015

The US Fish & Wildlife Service intends to prepare a programmatic environmental impact statement to evaluate possible steps for reducing accidental migratory bird deaths from oil and gas and other industrial activities.

BHI: US rig count decline continues to slow, now down 3 to 885

Fri, May 22, 2015

The decline in the US drilling rig count continued to slow again during the week ended May 22, according to Baker Hughes Inc. The total count was off by 3 rigs for a total of 885. The count has now fallen for 24 consecutive weeks.

MARKET WATCH: NYMEX crude oil prices top $60/bbl

Fri, May 22, 2015

Crude oil prices for front-month delivery climbed back above $60/bbl on May 21 on the New York market while July crude oil prices on the London market topped $66/bbl.

QCLNG begins commercial operations, gets CNOOC pipeline sale approval

Fri, May 22, 2015

BG Group subsidiary QGC has taken operational control of Train 1 at its Queensland Curtis LNG (QCLNG) plant from Bechtel Australia, which built it. BG Group’s Train 1 equity partner, China National Offshore Oil Co. (CNOOC), also approved sale of the QCLNG natural gas pipeline to APA Group, satisfying the last of the transaction’s preconditions.

La Jolla Conference: Industry panel bullish on oil prices, but sees more suffering to come

Fri, May 22, 2015

Crude oil prices are still about half their value compared with a year ago, but the now prolonged slump is unfolding such that another rise could be on the horizon, a panel of industry observers agreed on May 20 during the XXIV La Jolla Energy Conference in La Jolla, Calif.

BLM seeks comments on Rosewood’s proposed Atchee area project in Utah

Fri, May 22, 2015

The US Bureau of Land Management is seeking public comments on Rosewood Resources Inc.’s proposal to develop an oil and natural gas field in the Atchee area 40 miles south of Vernal, Utah.

API: US petroleum demand slightly up in April

Fri, May 22, 2015

According to data from the American Petroleum Institute, total US petroleum deliveries, a measure of demand, gained 0.7% in April from the same period last year to average 18.9 million b/d. These were the highest April deliveries since 2010.

Alfa, Harbour Energy to acquire Pacific Rubiales for $1.7 billion

Thu, May 21, 2015

Mexican multinational conglomerate Alfa SAB de CV and British energy firm Harbour Energy Ltd. have collaborated to acquire the stock of Pacific Rubiales Energy Corp., Toronto, not already owned by Alfa in a deal valued at about $1.7 billion, excluding debt.

Petroperu advances Talara refinery modernization

Thu, May 21, 2015

State-owned Petroleos del Peru SA (Petroperu), through a contractor, has let a contract to Flowserve Corp., Irving, Tex., for the supply of pumping systems to be installed as part the long-planned modernization and upgrade of its 62,000-b/d Talara refinery at Piura, about 1,200 km north of Lima (OGJ Online, Dec. 19, 2013).

Statoil’s Gudrun condensate leak could have been major incident

Thu, May 21, 2015

Statoil ASA said a Feb. 18 condensate leak at its Gudrun platform in the North Sea could have been much worse, even fatal, if anyone would have been present at the time.

EIA: US natural gas net imports lowest since 1987

Thu, May 21, 2015

US net imports of natural gas totaled 1,171 bcf in 2014, down 9% from the level in 2013 and continuing an 8-year decline, according to the US Energy Information Administration. This was the lowest level since 1987.

ADCO lets EPC contract for Mender onshore field in Abu Dhabi

Thu, May 21, 2015

Abu Dhabi Co. for Onshore Petroleum Operations Ltd. (ADCO) has let a $344-million contract to China Petroleum Engineering & Construction Corp. for engineering, procurement, and construction work for the further development of onshore Mender field in Abu Dhabi (OGJ Online, Mar. 11, 2015).

MARKET WATCH: NYMEX, Brent crude prices rebound

Thu, May 21, 2015

Crude oil prices on the New York and London markets regained some ground May 20 with US light, sweet crude oil prices for July climbing nearly $1/bbl to close at just under $59/bbl on the heels of a government report that US oil inventories dropped for a third consecutive week.

Husky begins steam operations at Rush Lake heavy oil project

Thu, May 21, 2015

Husky Energy Inc. has started commercial steam operations at the 10,000-b/d Rush Lake heavy oil thermal project in Saskatchewan (OGJ Online, Dec. 12, 2014).

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