Royal Dutch Shell PLC plans to maintain methane emissions intensity below 0.2% by 2025, the company reported. The target covers all oil and gas assets for which Shell is the operator. Source: News
CNRL completes Laricina Energy acquisition
Canadian Natural Resources Ltd. has completed its offer to acquire Laricina Energy Ltd., reporting acceptance by holders of 98.7% Laricina’s issued and outstanding shares. Both companies are based in Calgary. The buyer expected to pay $46.35 million (Can.) for the shares by Sept. 18. Source: News
BW Offshore starts oil production from BW Adolo FPSO off Gabon
BW Offshore has started oil production from the BW Adolo floating production, storage, and offloading vessel installed in Tortue field in the Dussafu license offshore Gabon, 18 months after the initial investment was made. The BW Adolo FPSO arrived in late July and hook up of mooring systems and installation of risers and umbilicals were […]
US FERC issues draft EIS for Driftwood LNG, associated pipeline
The US Federal Energy Regulatory Commission released a draft environmental impact statement for the proposed Driftwood LNG export project and an associated pipeline in four Louisiana parishes. The project would provide gas and process to produce as much as 27.6 million tonnes/year of LNG for export, FERC reported. Comments are being accepted through Nov. 5. […]
GEV to transport Middle East gas as CNG for delivery to India
Global Energy Ventures Ltd. (GEV), a Perth-based developer of global integrated compressed natural gas projects, has signed a heads of agreement with National Iranian Gas Co. (NIGC) for the sale and purchase of 240 MMcfd of natural gas to the port of Chabahar in Iran accessing the Oman Sea. Source: News
Gazprom lets contract for Salavat integrated complex
PJSC Gazprom subsidiary JSC Gazprom Neftekhim Salavat has let a contract to Wison Engineering Services Co. Ltd. subsidiary Wison Engineering Ltd. to provide technical support for a natural gas-to-polyolefins (ethylene and propylene) project at its integrated 10 million-tonne/year refining and petrochemical production site in Salavat, Republic of Bashkortostan, Russia. Source: News
MARKET WATCH: NYMEX oil prices rise modestly on weakening US dollar
Light, sweet crude oil prices rose Sept. 14 and the momentum continued in early Sept. 17 trading, which Saxo Bank Analyst Ole Hansen attributed to a weakening US dollar. “The dollar is a bit on the weak side,” Hansen said Sept. 17. Because oil is traded on most worldwide markets in US dollars, a weakening […]
EU renewable energy rule called threat to forests and climate
Because governments make poor energy choices when acting solo, little can be expected from committees of them. Source: News
Subsalt shelf well uses deepwater methods
GulfSlope Energy Inc., Houston, has spudded its first well in a program using deepwater drilling and completion technologies for subsalt exploration on the Gulf of Mexico shelf. Source: News
Baker Hughes: US rig count gains 7 units to reach 1,055
The US drilling rig count is up 7 units to 1,055 units working for the week ended Sept. 14, according to Baker Hughes data. The count is up 119 units from this time a year ago when it stood at 936. Offshore units increased by a single rig with 20 units working. A total of […]