Funding complete for two Nigerian fields

Nigerian National Petroleum Corp. says execution of the final phase of an alternative financing agreement with Chevron Corp. will boost production in Nigeria by 39,000 b/d of oil and 283 MMscfd of natural gas.  Source: News


Anadarko reports 2018 capital guidance

Anadarko Petroleum Corp., The Woodlands, Tex., reported its 2018 capital expectations and guidance. In 2018, the company expects to make capital investments of $4.2-4.6 billion. Source: News


Watching Government: West Virginia's impressive deal

West Virginia reached its stunning agreement for China Energy Investment Corp. to invest as much as $82.7 billion in the state on shale gas and chemical manufacturing projects because Gov. Jim Justice (R) and others objected a few weeks earlier when it looked as if federal trade officials had overlooked the Mountain State. So they […]


Husky Energy acquires Superior, Wisc., refinery

Husky Energy Inc., Calgary, has completed its acquisition of Calumet Specialty Products Partners LP subsidiary Calumet Superior LLC’s 47,500-b/cd refinery in Superior, Wis., and other regional downstream assets (OGJ Online, Aug. 14, 2017). Source: News


OGCI annual report affirms gas's role in reaching lower carbon future

Natural gas will play an important long-term part in reducing global carbon emissions in addition to its more immediate role of replacing coal to generate electric power, the Oil & Gas Climate Initiative said as it released its third annual report in London on Oct. 27. Source: News


TDA calls for proposals as it launches US gas exports initiative

The US Trade and Development Agency (TDA) called for initial development proposals as it launched its US Gas Infrastructure Exports Initiative. Officials from the Departments of Energy, Interior, and State, as well as a House Energy and Commerce Committee member, expressed strong support during the Nov. 17 event at the US Chamber of Commerce. […]


Total to buy LNG assets from Engie for $2 billion

Total SA has agreed to acquire LNG assets from Engie SA for as much as $2.04 billion. The deal includes interests in liquefaction plants, long-term LNG sales and purchase agreements, an LNG tanker fleet, and access to regasification capacities. Source: News


The Saudi arrests

Drama involving Saudi royals helped raise the price of crude oil in the first week of November but might soon produce opposite effects. Under the certain direction of Crown Prince Mohammad bin Salman, authorities on Nov. 3 apprehended at least 200 wealthy Saudis, including 11 members of the royal family, and confined them to a […]