News Feed – Oil & Gas News

  • Cogent to construct pipeline connecting Midland basin processing complex to GCX line
    on April 23, 2019 at 7:14 pm

    Cogent Midstream LLC, Dallas, will construct a 25-mile, 20-in. pipeline to deliver 400 MMcfd of residue gas from its Big Lake natural gas processing complex in Reagan County, Tex. to Kinder Morgan’s Gulf Coast Express Pipeline. […]

  • Chevron lets contract for Alba Northern, Captain platforms in North Sea
    on April 23, 2019 at 6:30 pm

    Chevron North Sea Ltd. has let a contract to Archer (UK) Ltd. for platform drilling services in the UK sector of the North Sea. […]

  • Murphy to acquire deepwater, oil-weighted Gulf of Mexico assets from LLOG
    on April 23, 2019 at 6:17 pm

    Murphy Oil Corp. has agreed to acquire from LLOG Exploration Offshore LLC and LLOG Bluewater Holdings LLC assets in 26 Gulf of Mexico blocks containing seven producing fields and four development projects with future start-ups in the Mississippi Canyon and Green Canyon areas for $1.375 billion cash. […]

  • MARKET WATCH: Crude benchmarks jump on US refusal to extend sanctions waivers
    on April 23, 2019 at 5:10 pm

    Crude oil benchmarks jumped on London and New York markets on Apr. 22 after US President Donald Trump’s administration announced no extensions will be granted to waivers on US sanctions against Iranian oil purchases. […]

  • Wasserman Schultz bill would ban oil and gas leasing off Florida
    on April 23, 2019 at 4:42 pm

    US Rep. Debbie Wasserman Schultz (D-Fla.) introduced legislation which would close the US Outer Continental Shelf off Florida to oil and gas leasing and development.&nbs […]

  • OMV Petrom commissions new unit at Petrobrazi refinery
    on April 23, 2019 at 4:21 pm

    OMV Petrom SA, Bucharest, has started up a new unit that converts LPG components into Euro 5-quality gasoline and middle distillates at its 90,400-b/d Petrobrazi refinery in the southeast region of Romania, near Ploiesti City. […]

  • Northern Oil and Gas to buy Williston basin assets from VEN Bakken
    on April 22, 2019 at 10:57 pm

    Northern Oil and Gas Inc., Minneapolis, has agreed to acquire from VEN Bakken LLC the company’s Williston basin assets for $165 million in cash, a $130 million 6% 3-year senior unsecured note due 2022, and some 5.6 million shares of Northern common stock. […]

  • Gripes about Trump’s pipeline orders don’t speak for ‘the world’
    on April 22, 2019 at 7:59 pm

    In their gripes about US President Donald Trump’s Apr. 10 executive orders supporting pipeline construction, activists resorted to familiar artfulness. […]

  • Watching Government: Dems keep heat on Bernhardt
    on April 22, 2019 at 7:57 pm

    The US Senate may have confirmed David L. Bernhardt’s nomination to be US Interior secretary by a 56-41 vote on Apr. 11, but it looks as if congressional Democrats don’t plan to give him a friendly welcome, even though two in the Senate (Joe Manchin of West Virginia and Krysten Sinema of Arizona) cast aye votes along with the Republicans and Independent Angus S. King Jr. of Maine. […]

  • Trump signs executive orders to reduce energy project delays
    on April 22, 2019 at 7:54 pm

    US President Donald Trump issued executive orders aimed at speeding the permitting process for oil and gas pipelines and other energy projects […]

  • EPA’s latest annual US greenhouse gas inventory shows decline
    on April 22, 2019 at 7:51 pm

    Lower fossil fuel releases are continuing to help drive US greenhouse gas (GHG) emissions lower, the US Environmental Protection Agency’s latest annual report showed. EPA said 2017’s GHG emissions totaled 6,456.7 million tonnes of carbon dioxide equivalent (tCO2e), or 5,742.6 million tCO2e after accounting for land sequestration. […]

  • Bills could give US way to move against OPEC, speakers say
    on April 22, 2019 at 7:50 pm

    Legislation introduced in the 116th US Congress would give the federal government authority to prosecute members of the Organization of Petroleum Exporting Countries for violating US antitrust laws, speakers at an Apr. 10 Washington event generally agreed. But they were less certain about whether it would actually take place. […]

  • US Tenth District 1Q energy activity flat, outlook higher
    on April 22, 2019 at 7:48 pm

    The Federal Reserve Bank of Kansas City’s first-quarter Energy Survey revealed that energy activity in the Tenth District was essentially flat, but the outlook for future activity rose moderately. […]

  • IEA: Global oil supply falls as demand shows mixed signals
    on April 22, 2019 at 7:46 pm

    The global oil market shows signs of tightening into this year’s second quarter, mainly because of a decline in supply. However, there are mixed signals in terms of the outlook for demand and whether stock levels are yet “normal,” the International Energy Agency said in its latest Oil Market Report. […]

  • Deal to acquire Anadarko positions Chevron as Permian leader
    on April 22, 2019 at 7:42 pm

    Chevron Corp. has agreed to buy Anadarko Petroleum Corp. in a cash and stock deal that values Anadarko at $50 billion and creates growth opportunities for Chevron in areas that play to its operational strengths. […]

  • Alberta reacts
    on April 22, 2019 at 7:39 pm

    “Albertans need to look forward and begin to plan, in earnest, for a future where our oil and gas are not in demand,” wrote Joshua Buck, Alberta climate program manager for Environmental Defense, in the Jan. 17 Calgary Herald. […]

  • Summer gasoline outlook
    on April 22, 2019 at 7:28 pm

    As summer driving season fast approaches, US gasoline consumers will experience slightly lower prices at the pump than last summer. […]

  • Qatar Petroleum tenders for 60-100 new LNG carriers
    on April 22, 2019 at 7:19 pm

    Qatar Petroleum issued an invitation to tender for construction of the LNG carrier fleet for its North Field Expansion project.&nbs […]

  • US to end sanctions waivers for major Iranian oil importers
    on April 22, 2019 at 6:41 pm

    The White House confirmed on Monday morning that it will end all waivers from Iran sanctions when they expire on May 2.&nbs […]

  • FERC staff issues final EIS for Annova LNG Brownsville project
    on April 22, 2019 at 6:25 pm

    The proposed Annova LNG Brownsville natural gas liquefaction plant and export terminal along the Brownsville Ship Channel in Cameron County, Tex., would have adverse environmental impacts which mostly could be reduced to less-than-significant levels if recommended mitigation measures are implemented, FERC staff said on Apr. 19 in a final environmental impact statement. […]

  • COGCC issues interim guidelines as it develops new regulations
    on April 22, 2019 at 5:57 pm

    The Colorado Oil & Gas Conservation Commission issued interim guidelines for operators on Apr. 19 as it began to develop new regulations to comply with new restrictions the state legislature adopted and Gov. Jared Polis (D) signed into law. […]

  • ExxonMobil signs 20-year LNG agreement with Zhejiang Energy
    on April 22, 2019 at 4:44 pm

    ExxonMobil and Zhejiang Provincial Energy Group entered into a sale and purchase agreement for liquefied natural gas. […]

  • Aramco to buyout Shell’s interest in Sasref refining joint venture
    on April 22, 2019 at 4:38 pm

    Saudi Aramco has reached a deal to acquire Royal Dutch Shell PLC’s share of the partners’ 50-50 joint venture Saudi Aramco Shell Refinery Co.(Sasref), which operates the 305,000-b/d refinery at Jubail, Saudi Arabia. […]

  • Kuwait lets contract for Al-Zour integrated complex
    on April 22, 2019 at 3:58 pm

    Kuwait Integrated Petroleum Industries Co. has let a contract to McDermott International Inc. to provide technology for a new unit at KIPIC’s grassroots 615,000-b/d Al-Zour integrated refining and petrochemical complex under construction in southern Kuwait. […]

  • OGJ Newsletter
    on April 22, 2019 at 7:00 am

    International news for oil and gas professionals […]

  • Foreign (US) role in Alberta elections alleged by blogger
    on April 19, 2019 at 10:30 pm

    Long before the United Conservatives Party spanked incumbent New Democrats in Alberta elections Apr. 16, questions of foreign influence cried for attention. &nbs […]

  • Hurricane spuds Warwick Deep well off UK
    on April 19, 2019 at 7:39 pm

    Hurricane Energy PLC has spudded the 205/26b-C well (Warwick Deep) in the Greater Warwick Area (GWA) west of the UK Shetland Islands. […]

  • Eni to operate block off Ras Al Khaimah
    on April 19, 2019 at 7:01 pm

    Eni has signed an exploration and production sharing agreement for Block A offshore Ras Al Khaimah. […]

  • JAPEX spuds wildcat off Hokkaido, Japan
    on April 19, 2019 at 6:33 pm

    Japan Exploration Co. Ltd. has spudded an exploratory well 50 km offshore the Hidaka area of Hokkaido, Japan. […]

  • ACG partners approve $6-billion platform
    on April 19, 2019 at 4:05 pm

    Partners in the Azeri-Chirag-Deepwater Gunashli (ACG) complex in the Caspian Sea offshore Azerbaijan have approved the investment of $6-billion in a new platform able to process as much as 100,000 b/d of oil. […]

  • MARKET WATCH: NYMEX crude for May settles at $64/bbl
    on April 19, 2019 at 3:58 pm

    Light sweet crude prices on the New York market gained to settle at $64/bbl on Apr. 18, marking the second time in 3 days that the benchmark has reached or broken above that level. […]

  • Port Arthur LNG moves closer to FID with FERC authorization
    on April 18, 2019 at 11:11 pm

    Port Arthur LNG LLC, a subsidiary of Sempra Energy, received FERC authorization to site, construct, and operate the Sempra-led Port Arthur LNG liquefaction-export facility under development in Jefferson County, Tex., moving the project closer to a final investment decision.  &nbs […]

  • ExxonMobil reports 13th discovery offshore Guyana
    on April 18, 2019 at 10:29 pm

    ExxonMobil Corp. reported a new oil discovery offshore Guyana with the Yellowtail-1 well in Stabroek block, bringing the total discoveries on that block to 13 and adding to an estimated recoverable resource of 5.5 billion boe. […]

  • Gripes about Trump’s pipeline orders don’t speak for ‘the world’
    on April 18, 2019 at 10:13 pm

    In their gripes about US President Donald Trump’s Apr. 10 executive orders supporting pipeline construction, activists resorted to familiar artfulness. &nbs […]

  • Surge Energy drills 3.4-mile lateral in Permian basin
    on April 18, 2019 at 9:45 pm

    Surge Energy US Holdings Co. subsidiary Moss Creek Resources Holdings Inc. reported drilling the Medusa Unit C 28-09 3AH to 24,592 ft TMD (7,102 ft TVD). […]

  • Baker Hughes: US rig count down 10 units to 1,012
    on April 18, 2019 at 7:21 pm

    The US drilling rig count dropped 10 units to reach 1,012 rigs working for the week ended Apr. 18, according to Baker Hughes data. The count is down 1 unit from the 1,013 rigs working this time a year ago. […]

  • Chrysaor to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion
    on April 18, 2019 at 6:13 pm

    Chrysaor E&P Ltd. has agreed to purchase the United Kingdom oil and gas business of ConocoPhillips for $2.675 billion, increasing Chrysaor’s pro forma 2018 production to 177,000 boe/d to become one of the largest oil and gas producers in the UK North Sea. […]

  • Tellurian’s Driftwood receives FERC authorization
    on April 18, 2019 at 5:38 pm

    The US Federal Energy Regulatory Commission has issued the order granting authorization for Tellurian Inc.’s proposed Driftwood LNG export project and an associated pipeline in Louisiana. The project would produce as much as 27.6 million tonnes/year of LNG for export. […]

  • Canada delays Trans Mountain decision
    on April 18, 2019 at 5:07 pm

    The Canadian government has delayed until June 18 its decision on the contested expansion of the Trans Mountain crude oil and products pipeline between Alberta and British Columbia. […]

  • MARKET WATCH: Crude benchmarks drop despite lower US crude supplies
    on April 18, 2019 at 5:04 pm

    Light sweet crude prices on the New York market and Brent crude prices on the London market both fell to settle lower Apr. 17 despite the US Energy Information Administration’s weekly inventory report that showed the first weekly decline in US crude supplies in a month. […]

  • Oman-Kuwait JV lets contracts for Duqm refinery
    on April 18, 2019 at 4:51 pm

    Duqm Refinery & Petrochemical Industries Co. LLC, through contractors, has let two separate contracts to Douglas OHI for work on DRPIC’s  230,000-b/d refinery and petrochemical complex to be built in the Duqm Special Economic Zone in Duqm, Al Wusta Governate, on the southeastern coast of Oman. […]

  • CAPP 'encouraged' by Alberta premier-elect
    on April 18, 2019 at 4:37 pm

    The Canadian Association of Petroleum Producers greeted the United Conservative Party’s Apr. 16 election victory in Alberta by saying it is “encouraged by Premier-elect Jason Kenney’s commitment to the oil and natural gas industry.&rdquo […]

  • Gazpromneft targets West Siberian Achimov
    on April 18, 2019 at 4:28 pm

    Gazpromneft-Zapolyarye has completed agreements allowing it to start developing Cretaceous Achimov strata in Yamburgskoye oil and gas condensate field and oil-rim deposits in parent Gazprom’s Pestsovoye and En-Yakhinskoye gas fields in the Yamal-Nenets Autonomous Okrug of Russia. […]

  • FERC staff issues final EIS for Gulf Liquefaction LNG project
    on April 18, 2019 at 12:00 am

    The proposed Gulf Liquefaction LNG Project would have some adverse environmental impacts which could be reduced to less-than-significant levels if recommended mitigation measures are implemented, the Federal Energy Regulatory Commission’s staff said on Apr. 17 in a final environmental impact statement. […]

  • IOCs recorded high reserve replacement, low F&D costs in 2018, analysis shows
    on April 17, 2019 at 11:31 pm

    With 2018s 10-Ks and 20-Fs now filed to the US Securities and Exchange Commission, details on integrated oil companies (IOCs)’ reserve replacement and finding and development costs (F&D) have been displayed. […]

  • Santos confirms gas in Corvus field off Western Australia
    on April 17, 2019 at 7:58 pm

    Corvus field appraisal drilling confirmed more gas resources offshore Western Australia. Drillers reported a 2,093-ft gross interval, one of the largest columns to be discovered on the North West Shelf, said Santos Ltd. of Adelaide. […]

  • Majors scoop up acreage in offshore Argentina bid round
    on April 17, 2019 at 7:51 pm

    Units of ExxonMobil Corp., Equinor, and Wintershall were among the companies that submitted winning bids in Argentina’s Apr. 16 licensing round—the first open bid round for Argentinean offshore acreage in more than 20 years—where 38 blocks were on offer, 18 of which were licensed. […]

  • Dixit appointed CEO of Cairn Oil & Gas
    on April 17, 2019 at 7:13 pm

    Ajay Kumar Dixit has been named chief executive officer of Cairn Oil & Gas, part of Vedanta Ltd. based in Gurgaon, India. He succeeds Sudhir Mathur, who has left the company. […]

  • BHP Petroleum plans more appraisal drilling off Mexico
    on April 17, 2019 at 6:06 pm

    BHP Petroleum plans additional appraisal drilling on Trion block offshore Mexico during this year’s second half, the company said in an operational update. Previously, BHP sold its US shale operations to focus on conventional oil and gas in the US Gulf of Mexico and Australia. […]

  • DOE announces up to $39 million in oil, gas R&D project grants
    on April 17, 2019 at 5:51 pm

    The US Department of Energy announced up to $39 million in federal funding for cost-shared research and development projects that aim to improve oil and natural gas technologies. Selected projects will fall under two DOE Office of Fossil Energy funding opportunity announcements, DOE said on Apr. 16. […]

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