Kraken heavy oil field FPSO on station

Kraken heavy oil field in the UK North Sea is on schedule for a production start the second quarter following arrival at the field of the floating production, storage, and offloading vessel, reports operator EnQuest PLC. Source: News


Ithaca starts up production from Stella field

Ithaca Energy Inc., Aberdeen, reported the successful startup of oil and gas production from Stella field in the central North Sea. Stella field comprises the Stella Andrew sandstone reservoir containing light oil and rich gas-condensate and the Stella Ekofisk reservoir containing a volatile oil. Source: News


Shell: Global LNG demand to rise 4-5%/year to 2030

Global demand for natural gas is expected to increase 2%/year between 2015 and 2030, with LNG demand expected to rise at twice that rate at 4-5%/year, according to Royal Dutch Shell PLC’s first LNG Outlook. Source: News


ADNOC awards CNPC 8% stake in ADCO onshore concession

Abu Dhabi National Oil Co. (ADNOC) has awarded China National Petroleum Corp. (CNPC) 8% interest in Abu Dhabi’s onshore oil concession in exchange for a signup bonus of $1.77 billion. Source: News


NEB plans public hearing on Wyndwood pipeline in British Columbia

Canada’s National Energy Board is planning for a public hearing this spring regarding the Wyndwood Pipeline expansion project in northeastern British Columbia. The meeting’s date and location have not been set. Source: News


BOEM withdraws December sole liability orders to allow review

The US Bureau of Ocean Energy Management announced that it will withdraw sole liability orders it issued to US Outer Continental Shelf oil and gas lease and grant holders in December to give the new administration time to review the complex financial assurance program. Source: News


EQT wins auction for Stone Energy's Marcellus assets

EQT Production Co., a subsidiary of Pittsburgh-based EQT Corp., has won a bankruptcy auction to acquire 53,400 core net Marcellus acres, including drilling rights on 44,100 net acres in the Utica, from Stone Energy Corp., Lafayette, La., for $527 million. Source: News


Watson selected as RAK Petroleum COO, CFO

Shelley M. Watson will take the roles at RAK Petroleum PLC of chief operating officer effective immediately and chief financial officer effective Apr. 30. Source: News