Fire breaks out at ExxonMobil’s Baton Rouge refinery

A fire broke out Nov. 22 at ExxonMobil Refining & Supply Co.’s Baton Rouge, La., refinery, injuring 6 people, but was quickly contained. Four of those injured were in critical condition and hospitalized. The 502,500-b/d facility resumed normal operations later that day, except in a compressor where the fire occurred, according to reports. Source: […]


Po Valley awarded production license for Teodorico field

Po Valley Energy Ltd., Perth—with interests in northern Italy—has been awarded a preliminary production concession for its Teodorico gas field in the northern Adriatic Sea. Source: News


Cairn group to drill two appraisal wells offshore Senegal

The Cairn Energy PLC group containing Melbourne-based FAR Ltd. has announced that two firm appraisal wells will be drilled on the SNE oil discovery offshore Senegal beginning in first-quarter 2017. Source: News


Petrobras has rebounded, but reforms will continue, president says

Ambitious reforms across state-owned Petroleo Brasileiro SA (Petrobras) have improved the operations and the outlook there since the company became embroiled in a bribery scandal in 2007, said its president and chief executive officer. Petrobras officials and employees, however, will have to continue working hard if they expect to meet more ambitious goals set by […]


Centennial to add Delaware basin assets in $855-million deal

Centennial Resource Development Inc., Denver, has agreed to acquire 100% of the leasehold interests and related upstream assets in Reeves County, Tex., owned by Silverback Exploration LLC, San Antonio, for $855 million. Source: News


Senators resubmit several energy policy reform ideas to conference

US Senate Energy and Natural Resources Committee Chair Lisa Murkowski (R-Alas.) and Ranking Minority Member Maria A. Cantwell (D-Wash.) submitted a somewhat revised version of their federal energy policy reform legislation to the conference with their US House counterparts on Nov. 25 that would restore many provisions the House energy leaders proposed deleting a week […]


MARKET WATCH: Oil prices volatile on Russia, Iran comments

Light, sweet crude oil prices on the New York market for January delivery fell $1.90 on Nov. 25 to settle at about $46/bbl, ending the week down by 30¢. The US benchmark crude price has dropped in 4 of the last 5 weeks. Prices continued the downward trend in early Nov. 28 trading. Source: […]