Wael Sawan has been appointed upstream director of Royal Dutch Shell PLC, and will become a member of the executive committee, effective July 1. He currently serves as executive vice-president, deepwater. He joined Shell in 1997 and has held commercial and operational leadership roles across the upstream, integrated gas, and downstream businesses. Source: News
Husky’s offer for MEG expires without extension
Husky Energy Inc. will not extend its $3.3-billion (Can.) offer to acquire MEG Energy Corp. after the October proposal expired Jan. 16. The company said the minimum tender condition was not met by the deadline and the proposal received insufficient MEG board and shareholder support. Source: News
ZPC lets contract for Phase 2 of integrated complex
Zhejiang Petrochemical Co. has let a contract to Honeywell UOP and Honeywell Process Solutions to provide a range of process technologies, engineering design, equipment, catalysts and adsorbents, and advanced automation controls for units to be installed as part of the second phase of its 800,000-b/d integrated refining and petrochemical complex in Zhoushan, Zhejiang Province, China. […]
PGNiG to explore for, produce hydrocarbons in UAE
PGNiG SA will explore for and produce hydrocarbons in Ras Al Khaimah—the northernmost member of the United Arab Emirates—under a production-sharing agreement signed by PGNiG, the Ras Al Khaimah Petroleum Authority, and Rak Gas LLC. Source: News
Gulf Keystone initiates expansion program at Shaikan field
Gulf Keystone Petroleum has initiated an investment program at its operated Shaikan field in the Kurdistan region of Iraq and is progressing plans to increase production to 55,000 b/d. Average gross oil production of 31,563 b/d in 2018 is underpinned by strong performance of the Shaikan Jurassic reservoir, and is in line with expectations, the […]
Gullfaks partners submit PDO for more oil recovery
Equinor and its partners in Gullfaks oil field in the Norwegian North Sea’s Tampen area will drill 7 wells believed to improve oil recovery by 17 million bbl with good profitability. The amended plan for development and operation submitted to Norway’s Ministry of Petroleum and Energy calls for additional resource recovery with water injection and […]
BOEM employees work on preparing offshore lease sales during shutdown
US Bureau of Ocean Energy Management employees have continued to work on upcoming federal offshore oil and lease sales despite the partial government shutdown that has closed much of the Department of the Interior. BOEM’s updated Fiscal 2019 Contingency Plan for a shutdown called for 124 excepted employees to be available to handle administrative services, […]
MARKET WATCH: NYMEX oil price gains slightly to stay above $52/bbl
Light, sweet crude oil prices gained modestly on the New York market Jan. 16 after a US government report showed crude oil supplies fell sharper than expected while product inventories rose for the week ended Jan. 11. Source: News
India approves Numaligarh refinery expansion project
Numaligarh Refinery, a group company of Bharat Petroleum, has received clearance to proceed with the long-planned expansion of its 60,250-b/d Numaligarh refinery in the Golaghat district of Assam in far-northeastern India. India’s Cabinet Committee on Economic Affairs on Jan. 16 approved the 225.94 billion-rupee project, which intends to expand crude processing capacity at the refinery by […]
EIA: IMO regulations drive up US, global refinery runs
Beginning on Jan. 1, 2020, the International Maritime Organization (IMO) is set to enact the Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL Convention), which lowers the maximum sulfur content of marine fuel oil used in ocean-going vessels from 3.5% to 0.5%. Source: News