Enterprise Breaks Ground on Another NGL Expansion
Enterprise Products Partners LP begins construction of a new NGL fractionator adjacent to its complex in Mont Belvieu, Texas.

Enterprise Products Partners L.P.



Driller Transocean Eyes Improved Lease Rates, Activity In 2019
Transocean expects rates to lease drilling rigs to improve and contracting activity to pick up in late 2019.

Reuters

Sept 5 (Reuters) - Offshore driller Transocean Ltd expects rates to lease drilling rigs to improve and contracting activity to pick up in late 2019, an outlook that drove its recent decision to purchase rival Ocean Rig UDW Inc for $2.7 billion, Chief Executive Officer Jeremy Thigpen said on Wednesday.



OPEC's Barkindo: Oil Demand To Hit 100 MMbpd Sooner Than Projected
World oil consumption will reach 100 million barrels per day later this year, hitting that level much sooner than previously forecast, OPEC's Barkindo says.



US Energy Operations Begin Recovering After Tropical Storm Gordon
Energy companies and port operators along the US Gulf Coast took steps to resume operations after Tropical Storm Gordon.

Reuters



Crude Oil Declines on Minor Gordon Impact
The October WTI futures price fell $1.15 Wednesday.

The October WTI futures price fell $1.15 for the day, settling at $68.72. The benchmark traded from an intraday high of $69.59 down to $68.59 Wednesday.



Reuters

HOUSTON, Sept 5 (Reuters) - Weatherford International's full-year earnings before expenses will nearly double from last year, Chief Executive Mark McCollum said on Wednesday, a shift he expects to position the oilfield services provider to begin generating free cash flow.



Russell: China Will Buy More LNG, But Wants It Smoother, Less Lumpy
China appears set to once again boost its purchases of LNG for the northern winter.

Reuters

(The opinions expressed here are those of the author, a columnist for Reuters.



Oil Prices Jump As Gulf Of Mexico Rigs Evacuated
Oil prices rose after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane.

Reuters

LONDON, Sept 4 (Reuters) - Oil prices rose on Tuesday after the evacuation of two Gulf of Mexico oil platforms in preparation for a hurricane.



ExxonMobil Says Blockade Threatens Production At Nigeria Oil Facilities
ExxonMobil says that a blockade by former employees threatens crude oil rig flanges gulf coast production at oil facilities in Nigeria.

Reuters



Oil Traders Weigh Gordon's Impact
A US Gulf Coast storm, unrest in Libya and news concerning Venezuela and Iran contributed to an uptick in crude oil prices Tuesday.

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