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Latest Texas Petro Index shows ‘economic disconnect’

Wed, Jul 29, 2015

The Texas Petro Index (TPI) for June indicates that crude oil and natural gas production and jobs estimates in the Lone Star State increased from May despite the unfavorable economic climate.

Gazprom lets contract for Russian gas processing plant

Wed, Jul 29, 2015

OOO Gazprom Pererabotka Blagoveshchensk (GPB), a subsidiary of PJSC Gazprom, has partnered with NIPIgazpererabotka (Nipigaz), Moscow, on design and construction of a grassroots 49 billion-cu m/year natural gas processing plant to be built near the town of Svobodny in Russia’s Amur region.

Petronas lets contract for Kanowit field FLNG work

Wed, Jul 29, 2015

Malaysian state-owned Petronas has let a contract to France’s Technip for the engineering, procurement, construction, installation, commissioning, and tie-in of the PFLNG1 (Satu) floating LNG (FLNG) facility to the KAKG-A platform in Kanowit field. Kanowit lies in 80 m of water 200 km offshore eastern Malaysia.

Sunbird receives takeover offer from Glendal

Wed, Jul 29, 2015

Sunbird Energy Ltd., Perth, has received a nonbinding takeover proposal from South African company Glendal Power & Industries.

Construction starts on first phase of Jagdishpur-Haldia gas line

Wed, Jul 29, 2015

Construction has begun on the first phase of the Jagdishpur-Haldia natural gas pipeline, also known as the Energy Highway of Eastern India.

Report: Old crack caused Canadian pipe break

Wed, Jul 29, 2015

The early-2014 rupture of a natural gas pipeline south of Winnipeg, Man., resulted from a fracture at a crack that formed in the pipe wall during construction but remained stable more than 50 years, according to the Transportation Safety Board of Canada.

MARKET WATCH: Oil futures hover below $48/bbl pending inventory numbers

Wed, Jul 29, 2015

The price for light, sweet crude oil for September delivery rose modestly July 28 but still settled just below $48/bbl on the New York market as analysts awaited the US weekly government report on crude oil and product supplies.

Murkowski strongly criticizes proposed sale of SPR crude

Wed, Jul 29, 2015

A proposal to sell 101 million bbl of crude oil from the US Strategic Petroleum Reserve from fiscal 2018 to 2025 is an incredibly bad idea, US Senate Energy and Natural Resources Committee Chair Lisa Murkowski (R-Alas.) has repeatedly said the past few days.

Momentum to repeal crude export ban continues to build, Gerard says

Wed, Jul 29, 2015

The drive to remove the 40-year-old ban on exporting US-produced crude oil is gaining momentum as more members of Congress recognize the action’s obvious energy, economic, and security benefits, American Petroleum Institute Pres. Jack N. Gerard said.

Open season set for US-Mexico gas line

Wed, Jul 29, 2015

A Kinder Morgan Inc. subsidiary plans a binding open season to solicit interest an expansion of its Mier-Monterrey natural gas pipeline in northern Mexico.

SSE E&P UK buys interest in West of Shetland fields for $876 million

Wed, Jul 29, 2015

SSE E&P UK Ltd. has agreed to acquire 20% interest in Laggan, Tormore, Edradour, and Glenlivet fields in the West of Shetland area from Total SA for $876 million.

Senate Banking Committee’s crude export debate breaks along party lines

Tue, Jul 28, 2015

Congressional committee debate over the 40-year ban on exporting US-produced crude oil continued to break largely along party lines as the US Senate Banking, Housing, and Urban Affairs held its first hearing in years on the subject. Republicans on the committee called for the ban’s removal. Democrats generally opposed that idea, their positions ranging from quiet concern to loud skepticism.

Financing set for gas line in northern Mexico

Tue, Jul 28, 2015

Financing is set for construction of a 289-mile pipeline that will carry natural gas produced in Texas to power plants in Mexico, reports Milbank, Tweed, Hadley & McCloy, which represented the funding group.

Husky assesses options for West White Rose extension project

Tue, Jul 28, 2015

The Canada-Newfoundland and Labrador Offshore Petroleum Board said it has provided “conditional approval” of a development plan by Husky Energy Inc. for the West White Rose extension in the Jeanne d’Arc basin.

Canada’s NEB approves Orca LNG export license

Tue, Jul 28, 2015

Canada’s National Energy Board has approved an application by Orca LNG Ltd., Cypress, Tex., for a 25-year natural gas export license (OGJ Online, July 16, 2015).

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