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Windy Cove to invest $700 million in US carbon dioxide EOR projects

Blackstone Energy Partners and Blackstone Group affiliates have formed Windy Cove Energy LLC with a commitment to invest as much as $700 million of equity to acquire and develop carbon dioxide enhanced oil recovery assets in the US.

Western Energy Alliance opposes FWS proposals to expand ESA

Plans for the US Fish and Wildlife Service (FWS) to amend the federal Endangered Species Act (ESA) would have significant adverse effects on western states’ economies without delivering a commensurate benefit to endangered species, the Western Energy Alliance (WEA) said in comments about the May 9 proposals.

Cedigaz: Worldwide gas storage capacity up 5%

Worldwide working gas capacity totaled 399 billion cu m (bcm) on Jan. 1, representing 5% growth over the previous year, according to Cedigaz’s latest Worlwide Underground Gas Storage (UGS) database.

MARKET WATCH: NYMEX, Brent oil prices continue slide

Crude oil prices continued dropping on the New York market Oct. 8 after the US Federal Reserve indicated some concern that a strengthening dollar could weigh on the economy.

Mubadala Petroleum appoints chief executive officer

Mubadala Petroleum, Abu Dhabi, has appointed Mussabeh Al Kaabi, currently chief growth officer, as chief executive officer.

 

Ember to acquire Clearwater assets for $605 Million (Can.)

Ember Resources Inc., Calgary, has agreed to acquire the majority of the Clearwater assets in southern and central Alberta belonging to Encana Corp. for $605 million (Can.).

FERC issues final EIS for Cheniere’s Corpus Christi LNG project

The US Federal Energy Regulatory Commission has issued a final environmental impact statement (EIS) for Cheniere Energy Inc.’s proposed Corpus Christi LNG project. It said approval of the proposed project, with mitigation measures the EIS recommends, would ensure impacts in the area would be avoided or minimized, and not be significant.

BLM seeks comments on proposed Wyoming 3D seismic project

The US Bureau of Land Management is seeking public comments on a proposed 3D seismic exploration project in Sweetwater County, Wyo. BLM will prepare an environmental assessment of the proposed project and accept comments to help identify potential issues, concerns, ideas, and alternatives until Oct. 17, its Rawlins field office said.

Arrow Energy gas pipeline gets environmental nod

Arrow Energy Ltd. has received environmental approval from the Australian government for construction of its proposed 4,500-km Arrow Bowen project gas pipeline to link its coal seam gas (CSG) fields in the Bowen basin of Queensland to Gladstone on the central-east coast.

Niko Resources appoints chairman, interim CEO

Niko Resources Ltd., Calgary, has appointed Kevin J. Clarke as chairman and interim chief executive officer. Clarke, who was appointed to the board in August, succeeds Wendell W. Robinson, who retired in September following the annual shareholder meeting.

EIA: Crude oil prices held down by rising global supply, lower demand

With global demand forecasts being revised lower while supply continues to rise, North Sea Brent crude oil prices have fallen to about $91/bbl—the lowest level in more than 2 years and 21% lower than its 2014 daily peak of $115/bbl on June 19.

MARKET WATCH: NYMEX crude oil prices drop below $89/bbl range

Crude oil prices on the New York market for November and December each dropped more than $1/bbl to close the Oct. 7 trading session, and analysts attributed the price dip to rising US production combined with recent downward revisions in global demand forecasts.

EIA continues to cut price forecasts for US crude oil, gasoline

Weakening global demand and higher Libyan oil exports have driven down North Sea Brent crude oil spot prices to an average of $97/bbl in September, a decrease of $5/bbl from August and the first month Brent crude oil prices have fallen below $100/bbl since June 2012.

EIA: Lower US household heating expenditures expected this winter

Average expenditures of US household for natural gas, heating oil, electricity, and propane are projected to decrease this winter heating season (Oct. 1-Mar. 31) compared with last winter, which was 11% colder than the previous 10-year average nationally, according to the US Energy Information Administration’s latest Winter Fuels Outlook.

Williams CEO details regulatory hurdles, growth strategy

Crude oil and natural gas pipeline systems in the US are growing at a very rapid pace as new infrastructure is introduced in an effort to optimize utilization of shale resources. Williams Cos., Tulsa, is an active participant in this growth. Pres. and Chief Executive Officer Alan Armstrong talked with Oil & Gas Journal regarding regulation’s role in this process and Williams’s growth plans during the International Pipeline Conference last week in Calgary.

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