The long-considered concept of a natural gas pipeline linking fields in Western Australian to markets along the country’s east coast has been resurrected by the federal government as a possible way to solve the looming domestic gas supply shortages in the east.
The light, sweet crude oil prices for May delivery fell modestly on the New York market Apr. 20 but settled above $50/bbl while Brent crude oil for June delivery gained slightly to settle at nearly $53/bbl on the London market.
Total petroleum deliveries in March increased 0.2% from March 2016 to average nearly 19.7 million b/d—the highest March deliveries in 9 years, according to data from the American Petroleum Institute.
Massachusetts’ two US senators asked the Federal Energy Regulatory Commission to revoke its Apr. 12 permission for Tennessee Gas Pipeline Co. (TGP) to begin construction of a natural gas pipeline project in the western Bay State until a rehearing can be held. Nearly a year has passed since FERC granted a request for the rehearing, Democrats Elizabeth Warren and Edward J. Markey said in their Apr. 18 letter to FERC Acting Chairman Cheryl LaFleur.
Mergers and acquisitions in the US oil and gas industry hit a record value for a first quarter, reinvigorated by steadier oil and gas prices, a new pro-energy administration, and technological advances, according to PwC LLP’s latest energy deals report.