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September 11, 2019

Downbeat: Oil traders dwell on weaker demand growth at industry meets - Oil and Gas 360

Downbeat: Oil traders dwell on weaker demand growth at industry meets

September 11, 2019

From Reuters Oil executives and traders attending major industry gatherings in Singapore and Abu Dhabi this week have flagged deteriorating demand growth in key markets such as China and India for downbeat expectations on crude oil heading into 2020. Disappointing data releases across key economies, including historically weak car sales in China and India and a contraction in China’s factory

Repsol sees start-up at Norway's Yme field in H1 2020: partner - Oil and Gas 360

Repsol sees start-up at Norway’s Yme field in H1 2020: partner

September 11, 2019

From Reuters Spain’s Repsol believes it can start producing oil at the Norwegian Yme oilfield in the first half of next year, a partner in the field said on Wednesday. “Repsol, the operator of the field, is confident that Yme could start production in the first half of 2020,” Erik Haugane, chief executive of Okea, Repsol’s partner in the license,

BP launches gas cloud imaging, drones to monitor methane emissions - Oil and Gas 360

BP launches gas cloud imaging, drones to monitor methane emissions

September 11, 2019

From The Houston Chronicle BP said Tuesday it is launching a new system of gas cloud imaging and aerial drones to monitor and help reduce methane emissions around the world. The British energy major said it will deploy a system of continuous measurement of methane emissions for all of its new major projects worldwide and that it will use frequent

EVX Midstream Partners builds the Eagle Ford Shale's largest water gathering system - Oil and Gas 360

EVX Midstream Partners builds the Eagle Ford Shale’s largest water gathering system

September 11, 2019

From The Houston Chronicle Houston pipeline operator EVX Midstream Partners has completed the first phase of construction for what is being touted as the largest gathering system for oilfield wastewater in the Eagle Ford Shale of South Texas. In a Wednesday morning statement, EVX Midstream said it completed the first phase of construction for its oilfield wastewater gathering system in

OPEC+ to discuss deeper oil cuts on Thursday: Iraq minister - Oil and Gas 360

OPEC+ to discuss deeper oil cuts on Thursday: Iraq minister

September 11, 2019

From Reuters OPEC and its allies will discuss whether there is a need for deeper cuts in oil production when they hold a ministerial meeting on Thursday, Iraq’s oil minister said. The Organization of the Petroleum Exporting Countries and allied producers led by Russia, a grouping known as OPEC+, agreed last year to cut oil supply by 1.2 million barrels

Crude Oil Inventories Decrease by 5 Million Barrels - Oil and Gas 360

Another Strong Crude Inventory Draw – Decrease by 6.9 Million Barrels

September 11, 2019

Compiled by, Oil & Gas 360 Weekly Crude Oil Storage as of September 6, 2019 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.9 million barrels from the previous week. At 416.1 million barrels, U.S. crude oil inventories are about 2% below the five year average for this time of year, according to the

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