HOUSTON, July 27 07/27/2017 By OGJ editors TransCanada Corp. has launched an open season to solicit additional binding commitments for transportation of crude oil on the Keystone pipeline system, including the 36-in. OD Keystone XL pipeline. TransCanada will take binding bids for transportation capacity until 12 p.m. MDT on Sept. 28. The Keystone system would... Read More

HOUSTON, July 27 07/27/2017 By OGJ editors Royal Dutch Shell PLC reported second-quarter earnings on a current cost of supplies basis, excluding identified items, of $3.6 billion, up from $1.05 billion in second-quarter 2016. For the first half, the supermajor recorded earnings of $7.36 billion, up from $2.6 billion in first-half 2016. “Shell’s strong results... Read More

WASHINGTON, DC, July 26 07/26/2017 By Nick Snow OGJ Washington Editor Anadarko Petroleum Corp. has restarted production at 30 of the more than 3,000 vertical wells in northeastern Colorado it took out of production for inspections in April after a 1-in. distribution line 200 ft from one of those wells exploded, destroying a nearby home... Read More

HOUSTON, July 25 07/25/2017 By Paula Dittrick OGJ Upstream Technology Editor The US and Brent crude oil price benchmarks both rose modestly on July 24 as market participants evaluated a statement from a committee meeting of major producers in St. Petersburg, Russia, regarding production-cut targets. The Organization of Petroleum Exporting Countries and some non-OPEC producers,... Read More

HOUSTON, May 11 05/11/2017 By Paula Dittrick OGJ Upstream Technology Editor Brent crude oil prices for July and August contracts settled above $50/bbl on the London market May 10 while light, sweet crude oil prices for June and July delivery rallied by more than $1/bbl to close above $47/bbl in New York. The US Energy... Read More