Maersk Drilling running big-data pilots on its XLE rigs

Maersk Drilling and GE announced a partnership to collaborate on a data analytic-driven pilot project starting with an XL Enhanced (XLE) ultra-harsh environment jack up. The pilot seeks to increase Maersk’s drilling vessels’ productivity while cutting maintenance costs by as much as 20%. Source: News


Reach Energy shareholders okay Kazakh buy

Reach Energy Bhd., Kuala Lumpur, has received shareholder approval to buy a 60% interest in the owner of the productive Emir-Oil Concession Block in Kazakhstan for $154.9 million. Source: News


Petronas Satu FLNG receives gas from Kanowit field

Malaysia’s Petronas has started to receive natural gas production from Kanowit field offshore Sarawak for its first floating LNG (FLNG) facility. Source: News


Tesoro, Western Refining to merge

Tesoro Corp., San Antonio, has entered a definitive agreement valued at more than $6 billion to acquire fellow US independent refiner and marketer Western Refining Inc., which owns and operates three refineries in Texas, New Mexico, and Minnesota. Source: News


Santos farms into permit near Hides in Papua New Guinea

Santos Ltd., Adelaide, has signed a farm-in agreement with ExxonMobil Corp. and Oil Search Ltd. to take a 20% interest in Papua New Guinea highlands permit PPL 402. Source: News


BLM cancels 15 Devon leases in Montana to preserve tribal area

The US Bureau of Land Management has canceled 15 federal leases held by Devon Energy Corp. in the Badger-Two Medicine area of the Lewis and Clark National Forest in northwestern Montana. The leases were issued in the 1980s and have not been drilled. Devon will receive about $200,000 as a refund of all the rents […]


Colombia due expanded gas distribution network

Canacol Energy Ltd., Calgary, has entered an agreement with Promigas SA ESP, Barranquilla, Colombia, to expand existing gas transportation and sales to Colombia’s Caribbean coast by an additional 100 MMcfd. Source: News