Delek US Holdings Inc. has let a contract to a division of E.I. DuPont de Nemours & Co. to license technology for 74,000-b/sd refinery in Krotz Springs, La. Source: News
Tullow farms in to licenses in the Comoros
Tullow Oil PLC has reached an agreement with Discover Exploration Ltd. to farm in to Blocks 35, 36, and 37 offshore the Union of the Comoros in the Indian Ocean. Simultaneously, Discover agreed to acquire the entire issued share capital of Bahari Resources Ltd., its 40% joint venture partner in the Comoros PSC. Source: […]
Iran’s oil exports likely to remain 1.1-1.3 million b/d this year
Iran’s oil exports likely will remain at 1.1-1.3 million b/d for the rest of this year despite waivers the US government granted to eight countries after imposing US sanctions on Iranian oil sales, said Sara Vakhshouri, president of SVB Energy International in Washington, DC. Iran has said its November oil sales were about 1.1 million b/d. […]
Confrontation with Russia may make Ukraine energy reforms more urgent
Russia’s Nov. 25 seizure of three Ukrainian patrol vessels and their crews in the Kerch Strait near the Black Sea provided a dramatic reason as speakers at a Nov. 28 discussion at the Atlantic Council in Washington called for more changes in Ukraine’s energy system if the government in Kiev is serious about wanting the […]
EIA: US proved oil, gas reserves reached record levels in 2017
Stronger crude oil and natural gas prices combined with continuing development of shales and low-permeability formations drove US proved reserves to new record levels, according to the US Crude Oil & Natural Gas Proved Reserves Report (Yearend 2017), released by the US Energy Information Administration. Source: News
MARKET WATCH: NYMEX oil drops below $51/bbl, Brent below $59/bbl
The light, sweet crude oil price for January delivery dropped more than $1 on the New York market Nov. 28 to settle below $51/bbl while Brent crude oil for January also dropped more than $1 to settle below $59/bbl. The US Energy Information Administration estimated US crude oil inventories, excluding the Strategic Petroleum Reserve, increased […]
President Energy expands Argentine holdings
President Energy PLC, Leeds, UK, has acquired two concessions with existing wells and infrastructure in the Nequen basin of Argentina from Rio Negro Province. The company paid $9.904 million for 90% operating interests in the Las Bases and Puesto Prado concessions, where proved oil and gas reserves are estimated at 1 million boe. Provincially owned […]
EPA finalizes amendments to refinery emissions control requirements
The US Environmental Protection Agency issued a final rule on Nov. 26 which amends its National Emissions Standards for Hazardous Air Pollutants (NESHAP) and New Source Performance Standards (NSPS) for refineries. The rule went into effect that day. Source: News
OGUK trims decommissioning-cost outlook
Expected spending on decommissioning of oil and gas facilities off the UK is down from earlier forecasts. In an annual report, the trade group Oil & Gas UK projects spending of £1.5 billion/year during 2018-27, about 20% less than it forecast last year. Source: News
Aramco seeks upstream-downstream ‘balance’
Saudi Aramco will invest more than $100 billion in chemicals over the next 10 years while seeking “a better balance between our upstream and downstream segments,” says the company’s president and chief executive officer. Source: News