ExxonMobil adds 2.7 billion bbl to reserves in 2017

ExxonMobil Corp. has added 2.7 billion boe of proved oil and gas reserves in 2017, replacing 183% of production. ExxonMobil’s proved reserves totaled 21.2 billion boe at yearend 2017. Liquids represented 57% of the reserves, up from 53% in 2016. ExxonMobil’s reserves life at current production rates is 14 years. Source: News


Egypt’s West Kalabsha concession receives high-density 3D survey

CGG and Ardiseis, subsidiary of Arabian Geophysical & Surveying Co. (Argas), have delivered 2,000 sq km of what the partners refer to as reservoir characterization-ready broadband seismic data on the West-Kalbsha survey on behalf of Apache Corp. in Egypt’s Western Desert. Source: News


ADNOC’s Ruwais refinery due multibillion-dollar crude flexibility project

ADNOC subsidiary ADNOC Refining (formerly Takreer) will undertake a $3.1-billion project to increase crude processing flexibility and improve margins at the 417,000-b/d West plant of its more than 800,000-b/d Ruwais refining complex in the UAE.   Source: News


SCOOP-STACK-Merge play due gas gathering, processing system

Cardinal Midstream has started construction on Cardinal Midstream III’s Iron Horse natural gas gathering and processing system that will span Oklahoma’s Canadian, Grady, Caddo, and McClain counties to serve producers in the SCOOP-STACK-Merge play of the Anadarko basin.   Source: News


Arkoma STACK play due gas gathering, processing plant

Valiant Midstream has started construction on a natural gas gathering system and cryogenic gas processing plant in the heart of the Arkoma STACK play in southeast Oklahoma.  Source: News


Parkmead eyes Scott link for Perth, Dolphin

Parkmead Group PLC is exploring a new development strategy for Perth and Dolphin oil fields in the Moray Firth area of the Central UK North Sea after expanding its interests to 100%. The company has signed an agreement with Nexen Petroleum to conduct a detailed engineering study of a potential tie-back of its Greater Perth […]


CNOOC commissions emissions-reduction technology at Hainan refinery

CNOOC Oil & Petrochemicals, the refining arm of CNOOC, has commissioned a wet-gas scrubbing system to minimizes atmospheric emissions of fine particulate and sulfur oxides from a 1.2 million-tonne/year fluid catalytic cracking unit at subsidiary CNOOC Dongfang Petrochemical’s Hainan refining and petrochemical complex at Dongfang City in southern China’s Hainan Province.  Source: News


Pin Oak adds Utica-Point Pleasant assets

Pin Oak Energy Partners has acquired 70,000 net acres and midstream properties in the northern Utica-Point Pleasant gas play of Ohio and Pennsylvania from multiple sellers. The acquired lease interests, 90% held by production, are in Mahoning, Trumbull, and Guernsey counties, Ohio, and Mercer County, Pa. Associated pipeline rights-of-way are included.  Source: News