Total partners to expand USGC petchem production

Total SA has signed a preliminary agreement with Nova Chemicals Corp., Calgary, and Borealis AG of Vienna to build a steam cracker and polyethylene production plant at Houston-based subsidiary Total Petrochemicals & Refining USA Inc.’s manufacturing sites along the Texas Gulf Coast. Source: News


Hurricane completes Halifax well, confirms oil discovery

Hurricane Exploration PLC has completed drilling the 205/23-3A (Halifax) well. The Halifax prospect lies on West of Shetlands Blocks 205/22b, 205/23, and 205/24 in the UK. Source: News


WoodMac: Surge in oil hedging could worsen US supply glut

Due to a surge in oil hedges, the recent oil-price weakness will not prompt US producers to pull back drilling activity, research and consulting firm Wood Mackenzie Ltd. says in its latest analysis of oil and gas hedging activity. Source: News


Statoil submits development plans for Njord, Bauge fields

Statoil ASA has submitted plans for development and operation to the Norwegian Petroleum Directorate for Njord field and the nearby Bauge discovery, with total capital spending of 19.8 billion kroner. Production is expected to start in both areas in fourth-quarter 2020. Source: News


MARKET WATCH: NYMEX front-month crude oil prices approach $48/bbl

The light, sweet crude oil contract for May delivery rose modestly on Mar. 24 to settle just under $48/bbl on the New York market while the Brent crude contract for the same month settled under $51/bbl in London for a fourth straight trading session. Source: News


India's HPCL lets contract for Visakh refinery

Hindustan Petroleum Corp. Ltd. (HPCL) has let a contract to Honeywell International Inc. subsidiary Honeywell UOP LLC, Des Plaines, Ill., to deliver technology licensing and design for process units to be added as part of HPCL’s previously announced project to expand and modernize the 8.3 million-tonne/year Vishakhapatnam (Visakh) refinery in Andhra Pradesh, on the country’s […]