Production ///

Twice-rejected U.S. LNG exporter gives Oregon project another shot

The developer of a liquefied natural gas export terminal in Oregon that has already twice been denied permits by U.S. regulators is giving it another shot.

Scorching-hot American Midwest burns the most Canadian gas since May

The U.S. Midwest is sizzling and it’s taking all the natural gas it can get from Western Canada to keep cool.

Russia remains open to longer output cuts with OPEC, but mulls exit plan

Russia signaled that it would be willing to prolong the production cuts it agreed with OPEC beyond the first quarter of next year if needed, while also making clear its commitment to the deal wasn’t open ended.

Hyperdynamics seeks two-year appraisal period for offshore Guinea program

Hyperdynamics Corp. has announced that it has notified the government of the Republic of Guinea that it will be seeking a two-year appraisal period under its oil and gas production sharing contract.

Gazprom Neft begins development of its Otdelnoye oil field

Gazprom Neft subsidiary Gazpromneft-Noyabrskneftegaz has brought its Otdelnoye field located in the northern part of the Surgut District of the Khanty-Mansiysk Autonomous Okrug-Yugra, 70 km from Novosibirsk, into commercial production. Two production wells are currently in operation at the field, with total production running at 170 tonnes/day.

Shale pioneer Harold Hamm slams “exaggerated” U.S. oil projections

Billionaire oilman Harold Hamm says the government was way too optimistic with its prediction of more than 1 MMbopd in new U.S. production, and the snafu is “distorting" global crude prices.

Crude oil heads for third weekly gain as OPEC urges commitment to supply cuts

Oil was heading for a third weekly gain as OPEC ministers meeting in Vienna urged a continued commitment to supply cuts they said are making good progress in draining a global glut.

Total signs agreement with Chevron on exploration in deepwater Gulf of Mexico

Total announced it has entered into an agreement to capture seven prospects operated by Chevron in the deepwater Gulf of Mexico.

OPEC and Russia stay focused on cuts as oil market improves

OPEC and Russia said they were about halfway toward clearing a global oil glut and urged fellow producers to stay focused and finish the job.

ExxonMobil's coastal facilities ramp up to normal operations

ExxonMobil said today that its Baytown and Beaumont refineries have begun producing fuels at reduced rates and that crude oil and refined product pipelines in the Gulf and other regions of Texas have restarted as recovery continues from Hurricane Harvey.

Oil near $50 as traders gauge OPEC's mixed signals

Oil hovered close to $50 a barrel amid conflicting signals from OPEC ministers about whether an extension of supply limits is on the table for the cartel’s meeting on Friday.

OPEC keeps oil market guessing over further production cuts

Ministers from OPEC and its allies look set to keep everyone waiting longer for confirmation of further action to rebalance the oil market, sending conflicting signals on whether they’ll discuss extending or deepening supply cuts in Vienna on Friday.

BSEE director charts path for robust offshore U.S. energy production

Bureau of Safety and Environmental Enforcement Director Scott Angelle is moving the Outer Continental Shelf energy program toward energy dominance for America. Angelle discussed the work underway at BSEE with industry members at the Louisiana Oil & Gas Association Fall Meeting Tuesday in Lafayette.

API lauds effort to strengthen U.S. energy infrastructure, create jobs

API has welcomed the introduction of bipartisan legislation that would increase certainty, transparency, and efficiency in the permitting process for natural gas pipelines at the Federal Energy Regulatory Commission (FERC). S. 1844, the Coordinating Interagency Review of Natural Gas Infrastructure Act of 2017, was introduced by Sens. Inhofe, R-Okla., and King, I-Maine.

DNV GL-led collaboration leads to first guidance on inspection, evaluation of non-metallic seals

DNV GL is now launching the first industry guidance, DNVGL-RP-B301, on inspecting, testing and evaluating non-metallic seals in operation.

Anasuria FPSO reaches safety milestone, awarded Order of Distinction

The Anasuria FPSO has been recognized by the Royal Society for the Prevention of Accidents (RoSPA) once again.

Trump orders sanctions on companies dealing with North Korea

President Donald Trump Thursday ordered new sanctions on individuals, companies and banks doing business with North Korea as the U.S. increases pressure on Pyongyang for its weapons programs.

Kuwait GDP seen contracting 0.5% in 2017 after oil output cut

Economists now see Kuwait’s economy contracting by 0.5 percent this year after the gulf nation reduced its crude oil production to 2.7 MMbpd, in line with the agreed OPEC target.

Iraq's Kurds seek independence, impact oil markets

Iraq’s Kurdish provinces plan to vote in a referendum on independence on Sept. 25, a poll that regional and Western powers, not to mention the central government in Baghdad, have decried as a catalyst for greater instability in a region gutted by war.

Oil above $50 as fuel-stockpile drop counters crude-supply gain

Oil held above $50 a barrel as a decline in U.S. fuel inventories countered a bigger-than-forecast increase in crude stockpiles.