Indonesia has approved the Amanah Timur No. 1 (AT1) appraisal well, and ACL International Ltd.’s subsidiary Renco Elang Energy Ltd. said the well will spud before Nov. 30. Renco, the operator of South Block A, is drilling AT1 to test the Paya Bili prospect at TD of 700 m and to evaluate reservoir productivity in […]
Egyptian refiner lets contract for revamp project
Assiut Petroleum Refining Co. (ASORC), a subsidiary of Egyptian General Petroleum Corp. (EGPC), has let a contract to a subsidiary of Bechtel Corp., San Francisco, for a grassroots unit to be built as part of ASORC’s $1.5-billion modernization program at its 4.5 million-tonne/year refinery in Assiut, Egypt, about 400 km south of Cairo. Source: […]
Commodity price plunge puts unexpected pressure on local governments
Some rural US communities that grew dramatically as nearby unconventional oil and gas resources were developed are facing unexpected problems since commodity prices plunged and producers scaled operations back, two Duke University researchers told a Washington audience. Source: News
House panel approves EPA ozone standards implementation bill
The US House Energy and Commerce Committee approved, by a 30-23 vote along party lines, legislation to help states implement federal ground-level ozone limits. HR 4775, which Rep. Pete Olson (R-Tex.) and five cosponsors introduced on Mar. 17, now heads to the full House floor for final consideration. Source: News
20 May 2016 11:55:08 EDT – The latest stock information is now available for your stocks
XOM Last 89.63 Change –0.48 % Change 0.53% Volume 7,905,265 As of: 20 May 2016 11:55:08 EDT View: Stock Quote | News CVX Last 99.83 Change –0.02 […]
Oil Search to merge with InterOil in $2.2-billion deal
Australian and Papua New Guinea-listed Oil Search Ltd. has made an agreement to acquire InterOil Corp. in a cash and scrip offer valued at $2.2 billion. Source: News
MARKET WATCH: NYMEX crude oil hold above $48/bbl pending rig count
The price of light, sweet crude oil for June delivery edged down on the New York market May 19, setting above $48/bbl. Analysts noted oil prices as of early trading on May 20 appeared likely to end the week higher. Source: News
20 May 2016 11:01:02 EDT – The latest stock information is now available for your stocks
XOM Last 89.76 Change –0.35 % Change 0.39% Volume 7,043,214 As of: 20 May 2016 11:01:02 EDT View: Stock Quote | News CVX Last 99.61 Change –0.24 […]
Andreae named DEA managing director in Norway
Hans-Hermann Andreae has been named managing director of DEA Norge AS in Stavanger. His predecessor, Hugo Sandal, will retire at the end of May. Source: News
Oryx seeks extension of Delaware basin crude gathering
Oryx Midstream Services LLC operating subsidiary Oryx Southern Delaware Oil Gathering & Transport LLC has launched an additional binding open season to secure volume commitments or acreage dedications supporting a 120-mile extension of its Oryx Trans Permian (OTP) crude oil gathering and transportation project into the liquids-rich southern Delaware basin in Texas. Source: News