Premier Oil updates drilling in Zama field off Mexico

Premier Oil says the first appraisal well in Zama field on Mexico’s offshore Block 7 encountered the main Zama reservoir. Separately in Mexico, Premier Oil plans a 3D seismic survey across offshore Block 30 starting in the second quarter. Source: News

Rystad Energy: Haynesville shale set to surpass 2011 gas output record

Natural gas production in Louisiana will soon reach record heights thanks to an outstanding resurgence of the Haynesville shale play. Rystad Energy research shows that the Haynesville shale alone was able to add 1.85 bcfd of gross gas production between fourth-quarter 2016 and fourth-quarter 2017. Another 1.3 bcfd was added last year. Production needs to […]

CNOOC starts up DHT unit at Huizhou refinery

CNOOC Oil & Petrochemicals Co. Ltd., the refining arm of China National Offshore Oil Corp., has completed successful performance testing of a diesel liquid-phase hydrogenation unit for production of China VI diesel at subsidiary CNOOC Huizhou Petrochemicals Co. Ltd.’s two-phased 440,000-b/d Huizhou refinery in China’s Guangdong province. Source: News

Husky mulls sale of Canadian noncore downstream assets

Husky Energy Inc. is undertaking a strategic review that could result in the potential sale of its Canadian retail and commercial fuels business, which includes the 12,000-b/d refinery in Prince George, BC. Source: News

MARKET WATCH: Crude oil benchmarks continue gaining on production cuts

The light, sweet crude oil price for February rose for a ninth consecutive day on Jan 10, settling above $52/bbl. That was a 4-week high on the New York futures market and the longest gain in 9 years, which analysts attributed to lessening concerns about oil oversupply amid weaker demand. Source: News

Donohue: US Chamber wants to revive nation’s political center in 2019

The US Chamber of Commerce is changing how it rates members of Congress for the first time in 40 years to encourage bipartisanship, begin restoring the nation’s political center, and end federal legislative gridlock, US Chamber Pres. Thomas J. Donahue said on Jan. 10 in his 2019 State of American Business address. Source: News

Mol Norge-operated well comes up dry in North Sea

Mol Norge has plugged exploration well 2/6-6S, which was targeting the Oppdal-Driva prospect in production license 860 in the North Sea. Both targets were dry. Source: News

Jadestone ready to restart Montara field oil production

Singapore-based Jadestone Energy Inc. has completed work required for the restart of production from Montara oil field in the Timor Sea following an extensive maintenance and inspection shutdown. The facilities are now undergoing the final stages of pressure testing to ensure asset integrity and a safe resumption of production. Source: News