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Brent crude oil prices rose modestly on the London market Sept. 10 and continued higher Sept. 11 on news reports gunmen shot and killed two people at Libya’s National Oil Corp. headquarters on Sept. 10. US light, sweet crude futures also rose Sept. 11 on the news.

Due to concerns that key pipeline projects may fail to start up by their 2019 target dates, Permian producers increased their 2020 oil-basis hedge positions by 431% in this year’s second quarter, according to Wood Mackenzie’s latest analysis of oil and gas hedging activity.

Chi-Tak Yee has been appointed chief operating officer of MEG Energy Corp., Calgary. Yee joined MEG Energy in 2004 and most recently has been senior vice-president, operations, resource and technology development.

The US Environmental Protection Agency proposed changes in its 2016 New Source Performance Standards for the oil and gas industry that it said would streamline implementation, reduce duplicative EPA and state requirements, and decrease unnecessary burdens for producers. The targeted improvements package is expected to save as much as $484 million in regulatory costs from 2019 through 2025, or $75 million/year.

US chemical and plastics industry investments linked to plentiful and affordable supplies of natural gas and natural gas liquids from shale formations has surpassed $200 billion, the American Chemistry Council said. “This is an exciting milestone for American chemistry and further evidence that shale gas is a powerful engine of manufacturing growth,” said ACC Pres. Cal Dooley on Sept. 11.


RT @exxonmobil: Today we announced our plans to join the Oil and Gas Climate Initiative, a voluntary initiative representing 13 of the worl…

Attention college students and faculty! Exhibit your projects and research while networking with leaders on shale d… https://t.co/n9YBw4p7Bs

RT @CEAorg: Our latest report outlines how #naturalgas helped grow jobs for West Virginians and save them more than $4 billion over the las…