Abu Dhabi National Oil Co. subsidiary Abu Dhabi Gas Development Co. (Al Hosn Gas) and joint-venture partner Occidental Petroleum Corp. have let a contract to UK-based Amec Foster Wheeler PLC (AFW) to provide front-end engineering and design services for the JV’s recently announced plan to expand capacity of the Al Hosn sour gas plant by […]

NOVA Gas Transmission Ltd. (NGTL), a wholly owned subsidiary of TransCanada Corp., will move forward with its $655-million (Can.) Saddle West project in the Western Canadian Sedimentary Basin. Source: News

Chevron Corp. has cut its planned capital and exploratory investment program for 2017 by 15% from this year and 42% from 2015 to $19.8 billion, which includes $4.7 billion of planned affiliate expenditures. Source: News

International oil and gas agreements by members of the European Union will be subject to European Commission preview under rules agreed Dec. 7 by the European Parliament, Council, and Commission. Source: News

The US light, sweet crude oil futures contract for January was down by more than $1 to settle below $50/bbl on the New York market. Traders attributed falling prices to what they called growing skepticism that the Organization of Petroleum Exporting Countries actually will cut production levels. Source: News