Williams Cos. and Targa Resources have entered into agreements to expand key systems that will link the Conway, Kan., and Mont Belvieu, Tex., NGL markets. As part of the agreements, Williams will build the 188-mile Bluestem NGL pipeline from its Conway fractionator and the southern terminus of the Overland Pass Pipeline to an interconnect with […]
NAPE: Croatia opens licensing round in Dinarides onshore area
Croatia has opened a licensing round for oil and gas exploration in its central and southern regions with the bid deadline being Sept. 10. Licenses are tentatively scheduled to be announced in December, a spokesman with the Croatia Hydrocarbon Agency (CHA) said. CHA Pres. Marijan Krpan told the North American Prospect Expo in Houston on […]
MARKET WATCH: Crude oil gains while US-China trade talks continue
Light, sweet crude oil prices gained for a third consecutive trading session on the New York market Feb. 14, settling above $54/bbl. Meanwhile, the gap between Brent and US futures widened with Brent settling at about a $10/bbl premium above light, sweet crude. Analysts said oil prices also climbed this week because of expectations that US […]
Vintage Energy acquires onshore Bonaparte gas permit
Vintage Energy has acquired 100% and operatorship of onshore Bonaparte basin permit EP 126 in the Northern Territory from Beach Energy. The 6,700-sq km permit stretches east from the border of Western Australia and Northern Territory to the Victoria River and contains the Cullen-1 wildcat drilled by Beach in 2014 that encountered strong natural gas […]
Sasol starts up first unit at Louisiana petchem complex
Sasol has commissioned the first of seven production units scheduled to come online as part of its long-planned Lake Charles Chemicals Project, an integrated ethane cracker and downstream derivatives complex under construction in Westlake, La., near Lake Charles. Originally scheduled for full startup in December 2018, the complex’s linear low-density polyethylene unit produced first product […]
BSEE issues report of investigation into Petrobras drillship fatality
A lack of training, familiarity, and experience with the drill floor equipment and drillship layout could have contributed to the Dec. 2, 2017, accident that killed a floor hand aboard the Petrobras 10000 drillship working in the Gulf of Mexico’s Walker Ridge 469 area, the US Bureau of Safety and Environmental Enforcement said in a […]
Chevron signs LNG supply agreement with GS Caltex
Chevron USA Inc. has entered into a long-term LNG supply agreement with GS Caltex Corp. that calls for the delivery of LNG to South Korea from Chevron’s global supply portfolio. Source: News
Joint Niger Delta gas development proceeds
A joint venture led by Shell Petroleum Development Co. has made its final investment decision for the Assa North/Ohaji South natural gas project in Nigeria’s northeastern Niger Delta. Nigerian National Petroleum Corp. expects the fields to produce 600 MMscfd of gas and says a doubling of output is possible. It estimates the resource at 4.3 tcf […]
Rystad Energy: Three trends will sway shale growth in 2019
With US shale activity in 2019 beset by uncertainty, Rystad Energy identifies three trends for US light tight oil production that will have a profound impact on the evolution of the industry in 2019 and 2020. Source: News
WoodMac: US independents must focus on returns in 2019
US Lower 48 exploration and production companies are under pressure from investors demanding greater capital discipline, positive free cash flow, and increasing returns. The Lower 48’s independents, who traditionally pursued growth at all costs, must now rein in their impulses and focus on delivering returns to their shareholders. Source: News