The 150,000 barrel-per-day Buzzard oil field in the British North Sea has restarted, its operator Nexen—a subsidiary of China’s CNOOC—said in a statement on Oct. 25, after pipework at the field had interrupted output since Oct. 16.
In addition, the field had been shut earlier this month for about 10 days for repairs.
Buzzard plays a role in global oil pricing as it is the main contributor to the Forties crude stream, the largest of the five North Sea oil grades that underpin the Brent crude oil futures benchmark.
A subsidiary of Salt Creek Midstream launched a binding open season for its proposed Delaware Basin crude oil gathering and transportation system in the Permian.
Increase in capacity reflects the record crude production in the play.
The company plans to spend $10 million on the project this year, and has contracts to start transporting 75,000 bbl/d for up to three years, Kinder Morgan CEO Steven Kean told investors.