Washington Gov. Jay Inslee (D) notified the state’s Energy Facility Site Evaluation Council that he agrees with its Dec. 19 recommendation to reject a proposed crude oil rail-to-marine terminal at the Port of Vancouver. Source: News
Qatar Petroleum, Total join as exploration partners in South Africa
Total SA reported signing an agreement to sell 25% interest in the exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum (QP). The transaction remains subject to regulatory approval. Source: News
Croatia's INA weighs shutdown of Sisak refinery's FCC plant
Croatia’s INA Industrija Nafte DD is proposing permanently shuttering the fluid catalytic cracking plant at its 44,000-b/d in Sisak, Croatia, 30 miles south of Zagreb, as part of an organizational strategy to boost performance and competitiveness of its Croatian refining business. Source: News
British Columbia proposes to restrict bitumen transport
Provincial opposition to expansion of the Trans Mountain Pipeline in British Columbia has taken an official step with a proposal to restrict transport of diluted bitumen. Source: News
Total acquires interests offshore Guyana
Total will acquire two exploration licenses covering more than 12,000 sq km offshore Guyana. It agreed to acquire a 35% working interest in the Canje Block from an affiliate of JHI Associates and Mid-Atlantic Oil & Gas of Guyana. The block, operated by ExxonMobil with a 35% interest, is in 1,700-3,000 m of water. […]
05 Feb 2018 13:59:16 EST – The latest stock information is now available for your stocks
XOM Last 80.7363 Change –3.7937 % Change 4.49% Volume 14,100,348 As of: 5 Feb 2018 13:59:16 EST View: Stock Quote | News CVX Last 115.8199 Change –2.7601 […]
WPX Energy exits San Juan basin with $700-million sale
WPX Energy Inc., Tulsa, will exit the San Juan basin with an agreement to sell its Gallup oil play holdings for $700 million to an undisclosed buyer who will also assume the associated transportation commitments.WPX Energy Inc., Tulsa, will exit the San Juan basin with an agreement to sell its Gallup oil play holdings for […]
PetroQuest erases $35.4 million liability by giving away gulf assets
PetroQuest Energy has eliminated a $35.4 million undiscounted abandonment liability from future obligations by releasing certain oil and gas assets in the Gulf of Mexico to Northstar Offshore Ventures. Source: News
Vine Oil & Gas, GEP Haynesville exchange basin assets
Vine Oil & Gas and GEP Haynesville exchanged non-operated Haynesville basin working interests in the majority of Vine and GEP’s joint venture assets in Red River, DeSoto, and Sabine parishes in northwestern Louisiana. Source: News
BOEM awards nearly $111 million in leases from August OCS sale
The US Bureau of Ocean Energy Management reported the award of 81 leases totaling nearly $110.9 million from all apparent high bids in the Gulf of Mexico region-wide Lease Sale 249 on Aug. 17, 2017. The leases were issued after BOEM completed the required evaluation to make sure the public received fair market value for […]