In its July Oil Market Report, the International Energy Agency states that the “the market is heading to balance remains on track,” but the road ahead is “far from smooth” as revealed by the recent modest fall back in oil prices. Source: News
Skripka appointed Tethys chief commercial officer
Alexander Skripka has been named chief commercial officer of Tethys Petroleum Ltd. Source: News
Skripka appointed Tethys chief commercial officer
Alexander Skripka has been named chief commercial officer of Tethys Petroleum Ltd. Source: News
Bharat Petroleum, OIL get new CMDs
Two of India’s state-owned oil and gas companies soon will have new top executive. Source: News
WoodMac: Improvements seen for viability of US tight oil
Global oil-market analysis from research and consultancy firm Wood Mackenzie Ltd. indicates that 70% of new drilling in US tight oil plays and pre-final investment decision (FID) conventional oil projects are commercial at Brent crude oil prices below $60/bbl. Source: News
WoodMac: Improvements seen for viability of US tight oil
Global oil-market analysis from research and consultancy firm Wood Mackenzie Ltd. indicates that 70% of new drilling in US tight oil plays and pre-final investment decision (FID) conventional oil projects are commercial at Brent crude oil prices below $60/bbl. Source: News
Gas plant serves Oklahoma STACK producers
Kingfisher Midstream LLC, a venture of Houston-based Asset Risk Management LLC (ARM Energy) subsidiary ARM Midstream and HPS Investment Partners LLC, New York, has commissioned a natural gas processing plant in Lincoln, Okla., as part of the Phase-1 development of its processing-and-gathering system for producers in Oklahoma’s STACK play. Source: News
Gas plant serves Oklahoma STACK producers
Kingfisher Midstream LLC, a venture of Houston-based Asset Risk Management LLC (ARM Energy) subsidiary ARM Midstream and HPS Investment Partners LLC, New York, has commissioned a natural gas processing plant in Lincoln, Okla., as part of the Phase-1 development of its processing-and-gathering system for producers in Oklahoma’s STACK play. Source: News
US Senate picks members for conference on broad energy policy reforms
The US Senate named seven of its members on July 12 to confer with a group from the House of Representatives on broad energy policy reform legislation. “This vote is a critical milestone that will allow Congress to begin the first conference on major energy legislation in more than a decade,” said Senate Energy and […]
Nexen idling Long Lake oil sands upgrader
Nexen Energy ULC reported it will idle the Long Lake oil sands upgrader in Fort McMurray, Alta., by putting it into cold-stack mode. No date was given for when the upgrader would be returned to service. Source: News