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gasfacts2019

The Netherlands became a net importer of natural gas last year for the first time since the commissioning in 1963 of giant Groningen gas field, production of which is being phased out by the government. GasTerra, which markets Groningen gas for NAM, the ExxonMobil-Shell joint venture that operates the field, reported the shift in Dutch gas trade in a financial report.

Light, sweet crude oil prices gained on the New York market Feb. 20 while the American Petroleum Institute estimated a limited increase in US crude oil supplies. The US Energy Information Administration was scheduled to release its inventory on Feb. 21.

The US Appeals Court for the District of Columbia upheld the Federal Energy Regulatory Commission’s approval of the proposed Mountain Valley natural gas pipeline by denying several environmental groups’ petition for review of the decision.

US crude oil inventories for the week ended Feb. 15, excluding the Strategic Petroleum Reserve, increased by 3.7 million bbl from the previous week, data from the US Energy Information Administration showed. At 454.5 million bbl, US crude oil inventories are about 6% above the 5-year average for this time of year, the report indicated.

California’s new underground injection requirements will affect some 55,000 underground injection control (UIC) wells when they go into effect on Apr. 1, the state’s Department of Conservation (DOC) reported. It said the new rules affect wells that inject water or steam for enhanced oil recovery, along with wells that return produced water back to its source.

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