Satorp has let a contract to KBR for a debottlenecking project at its 440,000 b/d full-conversion refinery complex at Jubail on Saudi Arabia’s eastern coast. Alongside subcontractor Wison Engineering Services, KBR will deliver debottlenecking services at Train 2 of the refinery in a project that, once completed, is anticipated to increase the refinery’s original throughput […]

Several US Bureau of Land Management state offices resumed preparations for scheduled oil and gas lease sales soon after the 35-day federal government partial shutdown ended. Lease sales in Alaska, Wyoming, Utah, Colorado, New Mexico, Montana, and South Dakota are in various stages, but all are moving ahead, OGJ has found. Source: News

Ineos has asked UK government officials to change the shale seismicity limit from what Ineos calls “an unworkable 0.5 to a more sensible level on the Richter scale” to help companies development shale gas onshore the UK. Source: News

Light, sweet crude futures prices for March and April delivery each gained more than $1 on Feb. 1 with the front-month price settling above $55/bbl on the New York market while Brent for April gained nearly $2 to approach $63/bbl in London. US crude futures prices rallied in January after having dropped about 40% during […]

ExxonMobil Exploration & Production Vietnam and its joint venture partners PetroVietnam and PetroVietnam Exploration Production have let an onshore-offshore front-end engineering and design contract to Saipem’s XSIGHT divition for the Ca Voi Xanh (Blue Whale) project in Vietnam. Source: News

Of two threats to exploration and production in the Eastern Mediterranean this year, new Turkish menacing of activity off Cyprus has the greater chance of occurring.   Source: News

The US drilling rig count is down 14 units to 1,045 rigs working for the week ended Feb. 1, according to Baker Hughes data. The count is up 99 units from the 946 rigs working this time a year ago. A total of 1,025 units were drilling on land, 13 fewer than last week. With […]

Anadarko Petroleum Corp. reported that Mozambique LNG1 Co. Pte. Ltd.—the jointly owned sales entity of the Mozambique Area 1 Lda. coventurers—has entered into a 13-year LNG supply agreement with CNOOC Gas & Power Singapore Trading & Marketing Pte. Ltd. that calls for the supply of 1.5 million tonnes/year of LNG to CNOOC. Source: News

JV Vietsovpetro reported the start of production from Ca Tam (Beluga) oil field offshore Vietnam with commissioning of the CTC-1 wellhead platform. Initial flow from three wells was 11,900 b/d, according to the Russian-Vietnamese joint venture and state-owned Zarubezhneft of Moscow. Source: News

Chevron Corp. reported earnings of $3.7 billion for the fourth quarter of 2018 compared with $3.1 billion in the same quarter in 2017, which included $2.02 billion in tax benefits related to US tax reform. Included in the current quarter was an asset write-off totaling $270 million. Foreign currency effects increased earnings in the 2018 […]