US Adds Rigs As Oil Prices Continue Fall.
Oil fell after its biggest monthly decline in a year as drill rig count expanded for a fifth week to 374, according to Baker Hughes. [Bloomberg]
Saudia Arabia Cuts Oil Price to Asia.
Saudi Aramco lowered pricing terms for Arab Light crude sold to Asia as OPEC rival Iran continues its attempts to regain marketshare.[Bloomberg]
Shell Pipeline Attacked In Niger Delta.
Militants have reportedly attacked an oil pipelineoperated by a local affiliate of Shell in Nigeria. [Reuters]
Trump Supports Local Fracking Bans.
Republican Presidential Nominee Donald Trump says voters should “have a big say” in fracking bans. [LA Times]
Tokyo Gas Aiming To Reduce LNG Costs With Swap Deal.
Japan’s second biggest buyer of LNG is talking with European companies to swap cargoes it owns from the US with those in Asia to reduce costs and shipping time. [Bloomberg]
Libyan Oil Shipments Seek Export Resumption.
After striking a deal with local guards, Libya’s state crude producer is aiming to restart exports from the ports of Ras Lanuf, Es Sider and Zueitina. [Bloomberg]
DNO Bids For Gulf Keystone.
Norway-based DNO ASA made a $300 million bid by for Gulf Keystone, which is working to develop the Shaikan oil fied in northern Iraq. [Oilpro]
Fed To Speed Up Drilling Permits On Federal Lands.
The US Bureau of Land Management is making a bigger push into the 21st century by speeding up permitting for oil and gas drilling on federal land and Native American land by requiring drilling applications to be filed in a new, online system. [Oilpro]
Stricter Regulations in Place for Alaska Offshore Drilling.
Federal officials issued stricter final regulations to govern exploratory oil and natural gas activities off the shore of Alaska. [EOS]
Regulatory Approvals TO Speed Up $3.8B Dakota Access Oil Pipeline.
Construction on a major central Illinois section of a multi-billion-dollar oil pipeline should pick up as final approvals were given earlier this month for the nearly 1,200-mile pipeline. [The State Journal-Register]
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