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Oil & Gas
Top stories summarized by our editors
11/25/2020

Enbridge filed a lawsuit on Tuesday to fight Michigan Gov. Gretchen Whitmer's recent order to shut down the 67-year-old Line 5 oil and natural gas liquids pipeline that runs under the Straits of Mackinac. The pipeline company claims Whitmer's move is an overreach of the state's authority, adding that the Pipeline and Hazardous Materials Safety Administration has "exclusive authority" over energy pipelines.

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The Associated Press
11/25/2020

The American Petroleum Institute's latest monthly statistical report revealed that US petroleum demand rose 5.5% month-on-month to 18.8 million barrels per day in October, crude oil exports remained stable at 7.4 million bpd, while refinery crude runs fell 0.8% to 13.9 million bpd due to hurricane disruptions. US crude oil output declined 3.7% from September to 10.7 million bpd, while natural gas liquids production stood at 5 million bpd, a record for the month.

11/25/2020

US crude inventories rose more than expected last week, by 3.8 million barrels, gasoline supplies increased by 1.3 million barrels, while distillate stockpiles were down 1.8 million barrels, the American Petroleum Institute reported.

11/25/2020

US natural gas production has averaged 91.5 billion cubic feet per day over the past week, the highest since April, as producers in the US Gulf of Mexico, Louisiana and Appalachia step up activity, according to S&P Global Platts Analytics. At least some of those gains have staying power, and this, combined with a mild start to the heating season, is putting downward pressure on Henry Hub cash prices, which have averaged $2.28 per million British thermal units in the past week, down 18% from the previous week.

11/25/2020

The Energy Information Administration has published updated structure and thickness maps for the Wolfcamp shale formation, located in the Midland portion of the Permian Basin. These maps are useful for estimating resource availability and determining the most economical locations for extraction.

11/25/2020

Turkey says it will extend a seismic survey in the eastern Mediterranean until Sunday amid the country's dispute with Greece over territorial boundaries. The Oruc Reis ship had been expected to finish the survey Monday.

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Reuters
11/25/2020

Maersk Drilling says it has reached an estimated $100 million agreement with Total E&P Suriname to drill for hydrocarbons in a block off Suriname's coast. Maersk says it will use a semi-submersible rig and a drillship starting early next year for the 500-day exploration and appraisal project.

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Rigzone
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Total
11/25/2020

Scientists expect the number of landslides to increase around the world as a result of climate change, which is causing extreme rain events and higher temperatures. Heavy rain, wildfires and warming permafrost lead to landslides, say researchers, who are building models to predict landslide activity.

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Eos
11/25/2020

Mathematician Gabor Domokos and geophysicist Douglas Jerolmack collaborated on a project to show how the world is statistically made up of cubes. "The math is telling us that when we begin to fracture rocks, however we do it, whether we do it randomly or deterministically, there is only a certain set of possibilities," says Vanderbilt geophysicist David Furbish, who reviewed the research.

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Quanta Magazine
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Vanderbilt
11/24/2020

The American Petroleum Institute will use "every tool at its disposal," including litigation, to oppose a possible ban on oil and natural gas drilling on federal land by the upcoming Biden administration, API President and CEO Mike Sommers said on Monday. "This would be a far reaching proposal that would undermine American natural and energy security to the detriment of the American people," Sommers added, citing potential job and economic losses in oil-dependent states.

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Reuters