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gasfacts2019

The UK Oil & Gas Authority (OGA) has attracted 29 applications covering 113 blocks in 29th Frontier Licensing Round, which is the first in 2 decades to focus on underexplored, frontier areas of the UK Continental Shelf.

Light, sweet crude oil for December delivery fell modestly to settle under $47/bbl on the New York market on Nov. 1 pending the weekly release of the US oil and product inventory, which some analysts expected to show a gain in crude supplies.

The minister responsible for the Alberta Climate Change Office has introduced legislation capping greenhouse gas emissions from oil sands work in accordance with the province’s Climate Leadership Plan announced a year ago.

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, surged during the week ended Oct. 28 with an increase of 14.4 million bbl compared with the previous week’s total. The higher-than-expected increase is the largest in 34 years in US Energy Information Administration data.

Dominion Midstream Partners LP has agreed to acquire Questar Pipeline LLC from Dominion Resources Inc. for $1.725 billion including debt. The deal has an anticipated effective date of Dec. 1.

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