OTC: Service companies respond to Mexico’s energy reforms

Mexico’s energy reforms will mean changes for international service companies as well as for oil and natural gas operators and investors, a May 3 panel of service company speakers told the Offshore Technology Conference in Houston. Source: News


DNO boosts Kurdistan drilling, production

DNO ASA, a Norwegian oil and gas operator controlled by RAK Petroleum PLC, reported it is using increased revenues for a drilling program at Tawke oil field in the Kurdistan region of Iraq, and executives said the company is on track toward increased profitability for 2016. Source: News


Inventory report shows US oil supplies up 2.8 million bbl

US commercial crude oil inventories, excluding the Strategic Petroleum Reserve, increased 2.8 million bbl for the week ended Apr. 29 compared with the previous week. The US Energy Information Administration estimated a total of 543.4 million bbl, which is historically high for this time of year. Source: News


Marcellus shale due first methanol plant

Primus Green Energy Inc. (PGE), Hillsborough, NJ, has signed an offtake agreement with methanol distributor Tauber Oil Co., Houston, to sell production from PGE’s planned gas-to-liquids methanol plant in the Marcellus shale. Source: News


PHMSA working to address gas storage problems, administrator says

The US Pipeline & Hazardous Safety Administration is moving ahead with the US Department of Energy to address natural gas storage problems exemplified by the late-2015 leak at Southern California Gas Co.’s Aliso Canyon facility near Los Angeles that took months to stop, PHMSA Administrator Marie Therese Dominguez said. Source: News