The Latest
International
Newspaper: Germany Offered to Build LNG Terminals to Avert US Sanctions
German finance minister made the offer in early August, before the sanctions were imposed.
Methane
Dräger Safety Invests in Kuva Systems for Methane Monitoring Solution
Dräger Safety AG & Co. KGaA on Sept. 15 said that after an initial investment in the company in 2018, it has now made a follow-on equity investment in Kuva Systems.
Crude Oil
Oil Prices Jump Above $41 As Hurricane Sally Hits US Output
Oil prices gained ahead of Hurricane Sally's expected landfall on the U.S. Gulf Coast. Brent crude futures gained 92 cents, or 2.3%, to settle at $40.53/bbl, while WTI crude rose $1.02, or 2.7%, to settle at $38.28/bbl.
Infrastructure
Pennsylvania Orders Sunoco to Reroute Section of Mariner East 2
NGL pipe’s spill could its upgrade.
Business
Bottom Line: Oil and Gas Companies Need Top-down Diversity Plans
Downturns can be even more costly when the price paid is a less diverse workforce, say GasTech panelists.
Crude Oil
Oil Industry Paints Grimmer Picture of Pandemic’s Harm to Demand
OPEC cut its outlook for demand in 2020, saying world oil demand would fall by 9.46 million bbl/d this year, an increase of 400,000 bbl/d from its previous report.
Exploration & Production
OPEC+ Meeting Unlikely to Advocate Deeper Oil Production Cuts, Sources Say
Five OPEC+ sources said a virtual meeting on Sept. 17, known as the joint ministerial monitoring committee, was also unlikely to recommend changing oil output targets despite Brent prices falling.
Methane
California, 19 Other States, Sue Trump Admin for Weakening Methane Rules
The lawsuit targets two policy amendments announced by the Environmental Protection Agency in August that roll back methane emissions curbs on the oil and gas industry and weaken requirements for leak detection.
Petrochemicals
What’s Affecting Oil Prices This Week? (Sept. 14, 2020)
From Russia with...honesty—a surprisingly bearish outlook from Russian Energy Minister Alexander Novak provided evidence of cohesion in the extended OPEC+ agreement on oil production cuts.
Exports
Ukraine: US Company Refuses to Cooperate over LNG Supply Deal
Louisiana exporter says Ukraine lacks a ‘serious desire’ for a long-term contract.