Angus Energy PLC said a 7-day flow test of its Balcombe-2z horizontal well indicates commercial production is possible from Balcombe oil field on PEDL 244 in southern England. After cleaning and priming with coiled tubing and nitrogen, the well flowed naturally at 853 b/d of oil, not including 22.5% water. Source: News
Public can track UK frac site seismicity
Privately held Cuadrilla is offering a public view of seismic activity around two horizontal wells it soon will hydraulically fracture in Lancashire, England. The company will post records of daily seismic monitoring around its Preston New Road shale gas exploration site and surrounding area on an electronic portal open since April 2017. The portal provides […]
Equinor acquires stake in Rosebank project offshore the UK
Equinor has signed an agreement to acquire Chevron Corp.’s 40% operated interest in the Rosebank project, one of the largest undeveloped fields on the UK Continental Shelf. Once concluded, Equinor says, the transaction will strengthen its UK portfolio, which includes the Mariner development, exploration opportunities, and three producing offshore wind farms. Source: News
Empyrean signs PSC with CNOOC for block in South China Sea
Empyrean Energy PLC will conduct exploration activities on Block 29/11 in the Pearl River Mouth basin of the South China Sea as detailed in a production-sharing contract with China National Offshore Oil Corp. Source: News
Wintershall gets approval for Nova development
Wintershall Norge AS expects production to begin in 2021 from Nova field (formerly Skarfjell) in the northeastern North Sea, for which it received development and operation approval from the Ministry of Petroleum and Energy. The field, 120 km northwest of Bergen, Norway, will be developed as a subsea tie-back connecting two templates to the Neptune […]
Inpex ships first condensate from Ichthys project
Japanese operator Inpex has made its maiden shipment of condensate from the $40-billion Ichthys LNG project in the Browse basin offshore Western Australia. The 350,000-bbl cargo was offloaded from the Ichthys Venturer floating production, storage, and offloading vessel moored 220 km off northwestern Australia. Source: News
Shell makes LNG Canada FID, Coastal GasLink pipeline advances
Shell Canada Energy has taken a final investment decision on its 14-million tonne/year liquefaction joint venture, LNG Canada, in Kitimat, BC, allowing work to begin immediately. TransCanada Corp. will build, own, and operate the 2.1-bcfd Coastal GasLink pipeline that will deliver gas to the plant. Source: News
Ineos signs PDH technology license
Ineos AG will use Lummus technology from McDermott for the propane dehydrogenation (PDH) unit it plans to build with a gas cracker in northwestern Europe. Source: News
MARKET WATCH: Brent crude oil prices approach $85/bbl on supply concerns
Light, sweet crude oil prices for November and December jumped more than $2 to settle above $75/bbl on the New York market Oct. 1 while Brent crude oil for December and January also climbed more than $2 to settle above $84/bbl. Source: News
Marathon completes Andeavor acquisition
Marathon Petroleum Corp. closed on the acquisition of Andeavor to create the largest US refiner by capacity and one of the top five largest refiners globally. Along with Marathon’s six existing refineries in the US Gulf Coast and Midwest, the combined company would operate 16 US refineries with an overall throughput capacity of more than […]