The EnLink Midstream companies will receive $275 million from combined noncore asset sales and invest $100 million in 2017 to construct a new gas processing plant in the Sooner Trend Anadarko basin Canadian and Kingfisher counties (STACK) play of Oklahoma. Source: News

OMV Petrom SA, Bucharest, has let a contract to Axens SA, Rueil-Malmaison, France, to provide process technology licensing for a new unit to be installed at its 4.5-million tonne/year Petrobrazi refinery in the southeast region of Romania, near Ploiesti City. Source: News

The US Department of Energy announced it conditionally will guarantee up to $2 billion in loans for Lake Charles Methanol LLC’s proposed petroleum coke-to-methanol facility in Lake Charles, La. Carbon dioxide that will be captured there will be transported by pipeline to southeastern Texas, where it will be used for enhanced oil recovery, DOE’s Loan […]

Nigerian National Petroleum Corp. will embark on an aggressive program to modernize and upgrade the country’s four state-owned refineries beginning in 2017 as part of a strategy to meet Nigeria’s domestic demand for refined products and reduce its reliance on foreign imports. Source: News

US commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, gained 2.3 million bbl during the week ended Dec. 16 compared with the previous week’s total, the US Energy Information Administration said in its Petroleum Status Report. Source: News

Sydney-headquartered Macquarie Group Ltd. has acquired Santos Ltd.’s remaining 50% share of Mereenie oil and gas field in the Amadeus basin of Australia’s Northern Territory. Source: News

The Oklahoma Corporation Commission’s Oil and Gas Conservation Division (OGCD) has developed seismicity guidelines for operators in the South Central Oklahoma Oil Province (SCOOP) and the Sooner Trend Anadarko Basin Canadian and Kingfisher counties (STACK). Source: News