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An exciting week for WTI and Brent crude oil future has come to an end.
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The U.S. lost a net total of 18 oil and gas rigs this week.
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Buckeye Partners reported that it has resumed full operations at its Buckeye Bahamas Hub.
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Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together.
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Enterprise Products Partners will expand and extend its Acadian natural gas pipeline system linking the Haynesville Shale to the LNG market in South Louisiana.
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McDermott is considering selling all or part of its Lummus Technology business.
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Saudi Aramco revealed damage caused by an aerial strike on its Khurais oil field last weekend.
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The oil and gas market is expected to continue to be volatile in the second half of 2019, Petronas notes.
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The remnants of Tropical Storm Imelda lashed Houston and coastal Texas, inundating homes, paralyzing travelers, disrupting oil supplies and threatening hospitals and refineries.
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The risk of further high-impact attacks against Saudi energy infrastructure is high, according to Verisk Maplecroft.
