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International news for oil and gas professionals

An oil and gas production well operated by BP Exploration Alaska Inc. in Prudhoe Bay has stopped leaking oil but continues leaking natural gas, the Alaska Department of Environmental Conservation said in an Apr. 16 statement.

The light, sweet crude oil prices wavered between gains and losses on the New York market Apr. 13, settling slightly higher at nearly $53.20/bbl before the Holy Week holiday. US markets were closed Apr. 14. Brent crude for June delivery settled at nearly $55.90/bbl on the London market Apr. 13.

As US shale production continues to ramp up, a dramatic migration of crude from west to east resumes and accelerates.

The American Fuel & Petrochemical Manufacturers petitioned the US Appeals Court for the District of Columbia to review the US Surface Transportation Board’s (STB) dismissal of the trade association’s complaint against BNSF Railway Co.’s surcharge on DOT-111 tanks cars carrying crude oil. AFPM considers the surcharge unlawful.

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