PAO Novatek subsidiary OOO Novatek-Ust-Luga has let a contract to Haldor Topsoe AS to supply proprietary technology for hydrogen production as part of a hydrocracking complex upgrade to be completed at its 120,500-b/d gas condensate fractionation and transshipment refinery at the all-season port of Ust-Luga on the Baltic Sea in Russia. Source: News
ADNOC, Inpex to study LNG bunkering
A unit of Abu Dhabi National Oil Co. and Inpex Corp. will assess potential for joint LNG bunkering development under a new framework agreement. ADNOC Logistics & Services and Inpex will consider collaborating on LNG bunkering projects in Abu Dhabi and other regions, including Southeast Asia. Source: News
Cutt named QEP Resources president, CEO
Timothy Cutt has been named president and chief executive officer of QEP Resources Inc., Denver, succeeding the retiring Charles Stanley in those positions. Source: News
MARKET WATCH: Brent crude settles below $62/bbl pending OPEC meeting outcome
Light, sweet crude oil for January delivery fell modestly on the New York market to settle below $53/bbl while Brent for February and March fell to settle below $62/bbl Dec. 5 pending a meeting of OPEC in Vienna. The cartel is under pressure after oil prices fell about 30% since early October. Analysts said oil […]
Equinor, Faroe plan asset swap; DNO responds
Equinor and Faroe Petroleum PLC have agreed to asset swaps in the Norwegian Sea and the North Sea region of the Norwegian Continental Shelf. The transactions are calibrated as a balanced swap with no cash consideration. Faroe signed a binding agreement to swap its interests in the Njord, Hyme redevelopment, and Bauge development assets in […]
Equinor to boost production from Vigdis subsea field
Equinor and its partners reported plans to invest some 1.4 billion kroner in a boosting station for Vigdis subsea field, which has been producing oil through Snorre field for more than 20 years. Equinor expects to bring the station online in first-quarter 2021. Source: News
CNRL links plan to Alberta debottlenecking
Canadian Natural Resources is linking its capital spending plan for 2019 to the debottlenecking of oil production in Alberta. Citing “a lack of market access and a dysfunctional pipeline nomination process” in Canada, the company plans a “base capital program” of $3.7 billion (Can.) in 2019, about $1 billion below its longer-term, “normalized capital program” […]
Apache starts production from Garten development in UK North Sea
Houston independent Apache Corp. reported the start of production from its Garten development on Block 9/18a Area-W in the UK North Sea. The discovery well, 6 km south of the Beryl Alpha platform, was placed on production in late November, less than 8 months after being drilled in March. Source: News
Meridian Energy lets contract for North Dakota refinery
Meridian Energy Group Inc. has let a contract to McDermott International Inc. to finalize front-end engineering design for Meridian’s recently approved grassroots 49,500-b/sd high-conversion Davis refinery to be built in Billings County in the heart of southwestern North Dakota’s Bakken shale region. Source: News
DEA to focus on Zama discovery with Sierra acquisition
DEA Deutsche Erdoel AG (DEA), Hamburg, has agreed to acquire Sierra Oil & Gas, Mexico City, giving it access to a portfolio of six exploration and appraisal blocks in Mexico, including the Zama discovery. With the agreement, DEA commits to participate in the drilling of nine offshore exploration wells and to the development of Zama. […]