Chevron Australia, operator of the Gorgon-Jansz LNG development off Western Australia, has signed a preliminary agreement with ENN LNG Trading Co. of China to supply LNG from the project beginning in 2018. Source: News
MARKET WATCH: Brent crude oil hovers under $29/bbl
The March contract for Brent crude oil on London’s ICE exchange dropped 39¢ to settle at $28.55/bbl on Jan. 18 after having dipped to a trading session low of $27.67/bbl. Analysts said the day’s low was Brent’s lowest price in nearly 13 years. Source: News
19 Jan 2016 9:56:04 EST – The latest stock information is now available for your stocks
XOM Last 77.25 Change –0.33 % Change 0.43% Volume 2,941,313 As of: 19 Jan 2016 9:56:04 EST View: Stock Quote | News CVX Last 82.6 Change –1.07 […]
One killed, one injured in blast at Long Lake oil sands project
CNOOC Ltd.’s Canadian unit said investigations continue into the cause of an explosion at the 50,000-b/d Long Lake oil sands project in Fort McMurray, Alta. The oil processing plant remains closed indefinitely after the Jan. 15 blast killed one worker and injured another. Source: News
Tap Oil settles dispute for Manora oil field in Thailand
Tap Oil Ltd., Perth, has reached an agreement with Mubadala Petroleum, the operator of Manora oil field offshore Thailand, regarding settlement of the final capital costs of the field’s development facilities. Source: News
Ballard named IOGP executive director
Gordon Ballard has been appointed executive director of the International Association of Oil & Gas Producers (IOGP). He succeeds Michael Engell-Jensen, who is retiring after 5 years. Source: News
Shell exits Bab sour gas reservoirs development project
Royal Dutch Shell PLC reported it has decided to exit the joint development of the Bab sour gas reservoirs with Abu Dhabi National Oil Company (ADNOC) in Abu Dhabi, and to stop further joint work on the project. Source: News
MARKET WATCH: NYMEX, Brent crude oil prices settle below $30/bbl
US light, sweet crude oil prices for February delivery dropped to settle under $30/bbl on the New York market Jan. 15, and the Brent contract for March delivery settled at under $29/bbl on the London market. Source: News
Canadian Oil Sands accepts amended offer from Suncor
The board of Canadian Oil Sands Ltd. (COS) has accepted an amended offer from Suncor Energy Inc. for all the outstanding shares of COS and is recommending that shareholders do the same. Source: News
Watching Government: California's gas leak
Could methane leaking from a Southern California Gas Co. storage facility since Oct. 23, 2015, lead to federal gas storage regulations? It’s a fair question as the Sempra Energy subsidiary and seven California agencies try to stop the leak at SoCalGas’s Aviso Canyon Storage Facility near Los Angeles. Source: News