Phillips 66 has announced an open season beginning Mar. 24 to secure binding commitments from prospective shippers for the Reeves-Odessa Origination (Rodeo) project in West Texas. Source: News

Light, sweet crude oil for April delivery edged down on the New York market Mar. 16 to settle below $49/bbl while Brent crude oil for May delivery also dropped slightly to settle below $52/bbl on the London market. Source: News

State Oil Co. of Azerbaijan Republic (SOCAR) subsidiary SOCAR GPC has let a contract to Univation Technologies LLC, Houston, to provide technology licensing and associated design work for a 600,000-tonne/year polyethylene (PE) plant at SOCAR GPC’s proposed grassroots gas processing and petrochemical complex to be built in Garadagh, Azerbaijan, 15 km south of Baku. […]

US onshore oil and gas leasing activity fell markedly on federally administered lands during US President Barack Obama’s presidency in several key respects, US Bureau of Land Management statistics indicate. Source: News

Fugro and TGS are acquiring multibeam echo sounder and subbottom profile data over the Gulf of Mexico to identify hydrocarbon seep features on the seafloor and through the water column. Source: News

State-owned Kuwait Petroleum Corp. (KPC) subsidiary Petrochemical Industries Co. KSC (PIC) has let a contract to Amec Foster Wheeler PLC for the integration project between PIC’s proposed grassroots Olefins III-Aromatics II complex and Kuwait National Petroleum Co.’s (KNPC) 615,000-b/d Al-Zour refinery complex now under construction in southern Kuwait. Source: News

Lilis Energy Inc., San Antonio, has completed its first two operated Delaware basin horizontal wells, the Bison 1H and the Grizzly 1H, in Winkler County, Tex., and spudded a third operated horizontal well. Source: News