Daily Archives: June 17, 2016

Oregon DOT seeks federal suspension of oil-bearing trains in state

Rate this article Oregon’s Department of Transportation (ODOT) asked its federal counterpart to temporarily halt movement of trains carrying crude oil in the state until ways are found to prevent a track bolt failure that led to a June 3 derailment and 1,100-bbl oil spill on a Union Pacific track near the town of Mosier…

Associations, others ask BOEM to keep Arctic in 2017-22 OCS plan

Rate this article Oil and gas trade associations and other groups urged the US Bureau of Ocean Energy Management to not remove or modify offshore Alaska lease sales that are now part of the draft proposed 2017-22 US Outer Continental Shelf program. Their June 16 requests came as the comment period for the next 5-year…

Group launches legal battle against Australian’s CSG well approval

Rate this article A Queensland group known as the Western Downs Alliance (WDA) has begun legal proceedings to challenge the approval of Australian Environment Minister Greg Hunt of Santos Group’s plan to drill 6,100 coal seam gas (CSG) wells to support the Gladstone LNG (GLNG) plant on Curtis Island. Read Full Article Here For more…

Quartet to form Russian-based LNG tech manufacturer

Rate this article By LNG World News A group of companies on Friday signed an agreement of intent to establish a Russian-based manufacturer of natural gas liquefaction equipment. According to a statement by the Gazprom of Russia, one of the four companies, the group will prepare a feasibility study and a business plan to identify…

MARKET WATCH: NYMEX, Brent crude oil prices tumble nearly $2/bbl

Rate this article The light, sweet crude oil price for July delivery fell $1.80 on the New York market June 16 to settle at $46.21/bbl while the Brent crude oil price for August delivery fell $1.78 to $47.19/bbl. Analysts said oil traders were anxious because the UK might leave the European Union. Read Full Article…