BOEM reduces shallow-water royalty rate for upcoming lease sale

The US Bureau of Ocean Energy Management lowered the shallow-water royalty rate for proposed Outer Continental Shelf Lease Sale 249 in the Gulf of Mexico to 12.5% from the original 18.75%. The new rate, which is the same as the one for federal onshore oil and gas royalties, would apply in water less than 200 […]

Norway’s PSA sanctions Statoil’s subsea equipment use for Sigyn field

The Norwegian Petroleum Safety Authority authorized Statoil’s plans to use subsea facilities serving Sigyn field in production license 072 in the North Sea. Production from Sigyn, which contains gas, condensate, and light oil, came on stream in 2002 via a subsea well template. Source: News

Total commissions revamped steam cracker at Antwerp

France’s Total SA has completed a project to increase feedstock flexibility at one of two steam crackers in its 338,000-b/d integrated refining and petrochemical platform in Antwerp, Belgium. Source: News

Petrobras, Chevron offer block off Brazil

Petroleo Brasileiro SA (Petrobras) has filed initial disclosures for divestment of the southern Campos basin block encompassing the Maromba heavy-oil discovery offshore Brazil. Source: News