PJSC Lukoil subsidiary OOO Lukoil-Komi LLC has initiated deliveries of associated petroleum gas (APG) from its group of production fields in northern Russia’s Komi Republic to PJSC Gazprom’s 3 billion-cu m/year Sosnogorsk gas processing plant. Source: News
DEA to buy E.On E&P Norway for $1.6 billion
DEA Deutsche Erdoel AG, Hamburg, said it is acquiring E.On E&P Norway and its interests in 43 licenses on the Norwegian Continental Shelf for $1.6 billion. The deal includes three producing fields. Source: News
Orlen to acquire another Canadian producer
Orlen Upstream Canada Ltd., a unit of Polski Koncern Naftowy Orlen SA, has agreed to acquire all shares of Kicking Horse Energy Inc. for $293 million (Can.). The deal was reported just as Orlen Upstream Sp. z o.o. agreed to purchase FX Energy Inc., a Salt Lake City-based producer with assets in Poland. Source: […]
Lukoil makes natural gas discovery in offshore Romania
PJSC Lukoil has made a natural gas discovery 170 km offshore Romania in the Black Sea. Source: News
MARKET WATCH: Oil prices retreat on IEA oversupply comments
Light, sweet crude oil prices for November delivery dropped on both the New York and London markets on Oct. 13 following a report from a Paris group that world oil oversupply will continue into 2016 and an analyst’s suggestion that low prices could continue until late next year. Source: News
FAR contracts rig for Senegal work
FAR Ltd., Perth, and its joint-venture partners have finalized contracts for the use of Ocean Rig’s Athena drillship for the forthcoming program offshore Senegal. Source: News
EIA: US shale oil output to drop 93,000 b/d in November
Crude oil production in November from seven major US shale plays is expected to drop 93,000 b/d to 5.12 million b/d, according to the US Energy Information Administration’s latest Drilling Productivity Report (DPR). That’s back up to the same level forecast for September after a somewhat smaller decline was projected for October. Source: News
API updates oil, gas shale resources development standards
The American Petroleum Institute issued new editions of its hydraulic fracturing standards to help operators continuously improve well integrity, groundwater protection, and environmental safety. The shale development standards, which API last updated in 2011, have worked alongside robust state regulations to ensure safe and responsible development with fracing for more than 65 years, the trade […]
Pennsylvania law okays treated coal-mining water for frac jobs
Pennsylvania Gov. Tom Wolf signed into law a bill intended to encourage more oil and gas companies to use treated coal-mine wastewater for hydraulic fracturing. The law was scheduled to become effective in December. Source: News
Utica shale may hold more oil, gas than earlier estimates, study says
The Utica shale, which underlies the better-known Marcellus formation, could hold far more oil and gas than previously estimated, the US Department of Energy’s Fossil Energy Office said. If the play’s commercial potential could be realized, it could be, geographically, the nation’s largest gas field, it indicated. Source: News