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Lukoil restarts ethylene production at Stavrolen complex

Lukoil has resumed production of ethylene and propylene at its 350,000-tonne/year Stavrolen petrochemical complex in Budennovsk, Russia, following a February 2014 fire that broke out in the plant’s ethylene production unit gas separation area.

NTSB: Build more robust tank cars to carry crude

The National Transportation Safety Board (NTSB) issued four urgent recommendations calling for construction of more robust tank cars to carry crude oil, ethanol, and other highly combustible liquids via rail.

Tamar gas exports to Jordan get key okays

The export to Jordan of natural gas from Tamar field offshore Israel has received key approvals.

Woodside completes Apache Australian buy

Woodside Petroleum Ltd. has completed its $2.8 billion acquisition of Apache Corp.’s Australian LNG and oil assets. An allied $854 million deal for the company’s Canadian interests is expected to be closed this week.

ASX begins trading in natural gas futures

The Australian Securities Exchange (ASX), in conjunction with the Australian Energy Market Operator, has begun trading the ASX Wallumbilla natural gas futures.

MARKET WATCH: NYMEX, Brent crude oil prices surge

Crude oil prices for May delivery spiked to close $3/bbl higher on the New York market Apr. 6, marking the biggest one-day gain since Feb. 3. Analysts said the $52.14/bbl Apr. 6 settlement for light, sweet crude was the highest since Feb. 17.

Williams to buy more of Utica East

Williams Partners LP agreed to buy an additional 21% interest in Utica East Ohio Midstream LLC from EV Energy Partners LP for $575 million.

Swaps may be a way around US crude export impasse, CSIS forum told

Crude oil swaps may be a realistic short-term alternative to outright repeal of the US crude export ban for US refiners as well as producers, a speaker suggested at a Center for Strategic and International Studies forum.

Gazprom Neft, PetroVietnam further collaboration on Arctic prospect

Further to its exclusive talks on possible cooperation, JSC Gazprom Neft and PetroVietnam have set October as a tentative deadline for prioritizing prospects and terms for their partnership at Dolginskoye field and the Severo-Zapadnyi (North West) blocks in Russia’s Pechora Sea.

FWS’s new ANWR management plan won’t change coastal plain status yet

The US Fish & Wildlife Service formally adopted a previously announced plan to begin managing the Arctic National Wildlife Refuge as wilderness, but stopped short of designating ANWR’s coastal plain as a wilderness study area that effectively would close it to oil and gas exploration and development.

Rust named vice-president at WBI Energy

Jeff Rust has been named vice-president of operations at WBI Energy Inc., Bismarck, ND, succeeding Scott Fradenburgh, who will retire in July.

Western governors group releases 2014 greater sage grouse inventory

Western US governors released their 2014 Sage Grouse Inventory, which highlights conservation efforts by public, private, and nongovernment organizations during the past year to protect the bird’s 11-state habitat. Several Rocky Mountain oil and gas producers are actively involved.

MARKET WATCH: Oil prices drop, natural gas prices jump in mixed market

US light, sweet crude oil futures prices for May delivery dropped nearly $1/bbl on the New York market on Apr. 2 to settle slightly above $49/bbl while Brent crude oil prices dropped more than $2/bbl on the London market on the same day. US and European markets were closed on Apr. 3 in observance of Good Friday.

Novel completions increase horizontal well production

Two novel completion techniques that solve the problems of acid fracturing in complex carbonate horizontal wells have been successfully implemented in China. Using them has enhanced production in the Tarim, Sichuan, Bohai Gulf, and Ordos basins.

WoodMac: US record crude stocks set to decline

US crude oil stocks have grown more than 30 million bbl each month so far this year, leading to a series of record highs and most recently reaching an estimated 471 million bbl of crude on Mar. 27, yet Wood Mackenzie analysts calculate the US has about 200 million bbl of unused crude storage capacity.

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