Oil & Gas
Top stories summarized by our editors
10/12/2018

Partners in the UK's Arran natural gas and condensate field in the central North Sea have decided to develop it, says stakeholder RockRose Energy. Four wells will be drilled at the Shell-operated field, which is expected to produce about 100 million standard cubic feet of natural gas and 4,000 barrels of condensate per day at its peak.

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Rigzone
10/12/2018

Chevron is transferring its 20% stake in a license area at the Korpfjell structure in the Norwegian Barents Sea to Norwegian oil and natural gas operator DNO ASA. The sale will leave Chevron without any Norwegian licenses as the company continues to unload its regional interests.

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Chevron
10/12/2018

Vanderbilt University volcanologist Guilherme Gualda and his students visited New Zealand's Taupo Volcanic Zone and determined that each consecutive eruption moves magma nearer to the Earth's surface. The researchers also concluded that frequent, small eruptions probably prevented a super-eruption in the Taupo zone.

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ScienceDaily
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Vanderbilt University
10/11/2018

The American Petroleum Institute reports that US crude stockpiles increased by 9.7 million barrels last week, gasoline supplies were up by 3.4 million barrels and distillate inventories slumped by 3.5 million barrels.

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MarketWatch
10/11/2018

The Energy Information Administration expects US crude production to climb 1.39 million barrels per day to a record 10.74 million bpd this year, up from last month's projection of a 1.31 million bpd rise. Oil output is seen growing by 1.02 million bpd to 11.76 million bpd in 2019, compared with the 840,000 bpd increase forecast last month.

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Reuters
10/11/2018

Epic Midstream, the company behind two major pipeline projects in the Permian Basin, has agreed to purchase a 64,000-barrel-per-day natural gas liquids fractionator in Robstown, Texas. An expansion is underway to boost the facility's capacity to 68,000 bpd.

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EPIC Midstream Holdings
10/11/2018

Enbridge has brought online a portion of its 0.95-billion-cubic-feet-per-day Texas Eastern Appalachian Lease natural gas pipeline in Ohio, which links gas output in the Marcellus and Utica shales with American and Canadian markets. Enbridge is also awaiting approval from the Federal Energy Regulatory Commission to put into service a portion of its $2.6 billion NEXUS gas pipeline project from Ohio to Michigan.

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Reuters
10/11/2018

The Environmental Protection Agency has launched an oil and natural gas wastewater management study to help determine whether it needs to implement new regulations in light of new approaches to wastewater management. "Dealing with wastewater from oil and gas extraction and turning it into useable water is not an easy matter, but it's a critical issue we need to work through," said Lee Forsgren, deputy assistant administrator at the EPA's Office of Water.

10/11/2018

An earthquake today in the Bali Sea shook the Indonesian islands of Java and Bali, leaving three people dead in Java after buildings collapsed. The magnitude 6 quake, which follows a temblor last month on Indonesia's Sulawesi island that killed over 2,000 people, occurred 40 kilometers northeast of the town of Sumberanyar on Java, the US Geological Survey reported.

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Reuters
10/11/2018

The Mad Dog oilfield's semi-submersible floating production facility in the Gulf of Mexico will use BMT's marine monitoring systems. The equipment, which BMT will install during BP's second phase of the Mad Dog project, will provide live data to offshore operators and include remote-monitoring technology capable of transmitting during hurricanes.

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Oil & Gas Technology
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BMT