ADNOC-Borealis JV lets contract for expansion at Ruwais petchem complex

Abu Dhabi Polymers Co. Ltd. (Borouge), a joint venture Abu Dhabi National Oil Co. and Borealis AG, has let a contract to a subsidiary of Maire Tecnimont SPA for work related to a project designed to expand production capacities at Borouge’s integrated polyolefins complex in Ruwais, about 250 km west of Abu Dhabi City, UAE. Source: News


Baker Hughes: US rig count up 2 units to 1,054

The US drilling rig count reached 1,054 units working for the week ended July 13, up 2 rigs from a week ago, according to Baker Hughes data. The count is up 102 units from this time a year ago when the count stood at 952. Source: News


NOC sees quick restart of Libyan field

National Oil Corp. of Libya expected production from El-Feel (Elephant) oil field to resume at 50,000 b/d 2 days after its lifting of force majeure and to 72,000 3 days later. Source: News


WoodMac: $32 billion to be spent on decommissioning worldwide in 5 years

Wood Mackenzie Ltd. estimates $32 billion will be spent on decommissioning worldwide during 2018-22. Governments determine who pays for decommissioning, and decommissioning laws and regulations remain incomplete or untested in many countries. Source: News


Premier okays Tolmount development off UK

Premier Oil PLC directors have approved development of Tolmount natural gas field in the southern UK North Sea, where the company sees satellite potential. Source: News


BOEM announces Gulf of Mexico lease sale

The US Bureau of Ocean Energy Management (BOEM) plans an Aug. 15 oil and gas lease sale in the Gulf of Mexico. The sale will include all available unleased areas in federal waters, which is about 78 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida. Source: News