Yme platform removed in a single lift

The mobile offshore production unit (MOPU) installed in Yme field in the Norwegian North Sea was removed in a single lift on Aug. 22 by the Pioneering Spirit vessel owned by Allseas Group SA. Source: News

PDC Energy enters Delaware basin in $1.5-billion deal

PDC Energy Inc., Denver, has agreed to acquire two privately held units managed by energy-focused privately equity firm Kimmeridge Energy Management Co. LLC, including 57,000 net acres in Reeves and Culberson counties in Texas, with average working interest of 93%, for $1.5 billion. Source: News

Meridian Energy lets technology contract for Davis refinery

Meridian Energy Group Inc., Irvine, Calif., has finalized a licensing agreement with a division of Axens SA, Rueil-Malmaison, France, for implementation of processing technology at the proposed 55,000-b/sd Davis refinery to be built in the heart of southwestern North Dakota’s Bakken shale region, near Belfield, in Billings County, ND. Source: News

MARKET WATCH: Oil prices gain on reports of Iran’s letter to OPEC

The light, sweet crude oil price for October delivery gained modestly to hover around $48/bbl Aug. 23 after reports that Iran has agreed to attend an informal meeting of the Organization of Petroleum Exporting Countries on the sidelines of an energy conference in Algeria late next month. Source: News

Statoil’s Fram C East starts production to Troll C platform

Statoil ASA said it has started production from the Fram C East well. Technology and improved drilling efficiency helped slash costs for the Norwegian North Sea development designed to maximize production from the Fram area and boost Troll C platform production. Source: News