From our Sponsor Wondering how to tackle the challenge with employees? Leverage Tyndale’s simple solution to get employees up to speed for safety and compliance. Tyndale’s FRC Care and Maintenance Training Video covers recommended practices for home laundering FRC and guidance on when a garment should be repaired or retired from service. Learn the three key takeaways plus recommendations for routine garment inspection.
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| The US Bureau of Safety and Environmental Enforcement will launch a pilot risk-based inspection program for offshore oil and gas facilities, the US Department of the Interior agency reported. The pilot will complement its existing inspections and audits, it said on Dec. 7. |
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| Aggressive pricing is just one of three main strategies Middle East producers use to defend their collective share of important Asian oil markets, says Arab Petroleum Investments Corp. (APICORP). |
| Crude oil production in January from seven major US shale plays is expected to drop 116,000 b/d to 4.86 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). The agency last month projected a 118,000-b/d decline for December. |
| Light, sweet crude oil prices dropped more than $2/bbl to settle below $38/bbl on the New York market Dec. 7 while Brent crude oil also dropped to settle down more than $2/bbl on Dec 7. |
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| Tesoro Corp., San Antonio, has agreed to acquire Great Northern Midstream LLC, a crude oil logistics provider that owns and operates a recently constructed crude oil pipeline and gathering system, and transportation, storage, and rail-loading facilities in the Williston basin of North Dakota. The purchase price was not disclosed. |
| Lundin Malaysia BV, a wholly owned subsidiary of Lundin Petroleum AB, has started drilling the Imbok-1 exploration well on Blocks SB307 and SB308 offshore Sabah, East Malaysia. |
| Pennine Petroleum Corp. was confirmed as successful bidder for the 620-sq-km Block Velca in southern portion of Albania near the city of Vlore. |
| LPG shipping rates, strong now in a period of high demand, will begin declining in the second half of 2016 because of fleet growth, predicts Drewry Maritime Research. |
| Statoil ASA and partner Husky Energy Inc. continue to advance appraisal work on the Bay du Nord oil discovery offshore Newfoundland and Labrador. |
| Royal Dutch Shell PLC has approved a project to add a solvent deasphalting (SDA) unit at subsidiary Shell Nederland Raffinaderij BV’s 404,000-b/d Pernis refinery in Rotterdam, the Netherlands. |
| Phillips 66 Co. has commissioned a 100,000-b/d NGL fractionator near its 247,000-b/d Sweeny refinery in Old Ocean, Tex. |
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