Light, sweet crude oil declined slightly on the New York market Mar. 5 while Brent crude oil prices gained modestly in London. Analysts said US oil futures traders awaited the weekly US government inventory report on oil and product levels. The American Petroleum Institute late Mar. 5 released its own weekly inventory data showing a 7.3 […]
DOE authorizes LNG exports from Venture Global Calciseu Pass project
The US Department of Energy issued a long-term order authorizing exports of US-produced LNG to Venture Global Calcasieu Pass from an export terminal it is building in Cameron Parish, La. The Mar. 5 order will allow Venture Global Calcasieu Pass to export as much as 1.7 billion bcfd of gas as LNG to any countries […]
Total buys 10% interest in Arctic LNG 2
Total SA acquired from PAO Novatek a direct 10% interest in the 19.8 million tonne/year Arctic LNG 2 project near Russia’s Gydan Peninsula. Arctic LNG 2 envisages building three 6.6 million-tpy LNG trains on gravity-based structure platforms in the Gulf of Ob. Source: News
Line 3 start delayed to second-half 2020
Start-up of Enbridge Line 3 Replacement Project, which will ease a transport bottleneck in the Alberta oil sands, will occur in the second half of 2020 instead of by the end of this year, the company says. The Minnesota government has provided Enbridge a permitting timeline indicating all remaining state permits required for Line 3 construction […]
Court: Directional drilling engineers can be independent contractors
A federal appeals court in New Orleans overturned a lower court’s decision and found that directional drilling engineers can be classified as independent contractors. The Feb. 28 ruling by the US Fifth Circuit Court of Appeals established that directional drillers employed by Houston-based Premier Directional Drilling LLC could be independent contractors not covered by federal […]
Chevron begins gas deliveries from Wheatstone LNG project
Chevron Australia has begun supplying gas for domestic use in Western Australia from its Wheatstone project facilities near Onslow in the northwest of the state. Besides producing LNG for export, the Wheatstone plant has the capacity to supply 200 terajoules/day of sales gas into the domestic grid for decades. Source: News
Slavneft-Yanos boosts crude throughputs at Yaroslavl refinery
Slavneft-Yaroslavnefteorgsintez (Slavneft-Yanos), part of NGK Slavneft—a joint venture of Gazprom Neft and Rosneft—ramped up crude oil throughputs by 1.5% in 2018 to more than 317,000-b/d at its 300,000-b/d refinery in Yaroslavl, Russia. The boost in 2018 crude throughputs establishes the Yaroslavl refinery as one of the three largest in Russia, Gazprom Neft and Slavneft-Yanos said. […]
Work proceeds on Egypt’s Midor refinery expansion
TechnipFMC has completed remaining conditions required to enable work to begin on an earlier awarded contract let by the Egyptian government for delivery of engineering, procurement, and construction services related to the modernization and expansion of state-owned Middle East Oil Refinery’s 115,000-b/d refinery in El Amreya Free Zone, near Alexandria, Egypt. Source: News
RockRose bids for Independent Oil & Gas
RockRose Energy PLC has offered to acquire Independent Oil & Gas PLC in an all-cash deal that it says values IOG share capital at $34.9 million. Both companies are based in London. Source: News
ExxonMobil plans to produce 1 million boe/d in Permian by 2024
ExxonMobil plans to increase its Permian basin production to 1 million boe/d by as early as 2024, which would be an 80% increase of its current production in West Texas and southeastern New Mexico. Other companies—including Chevron, BP, Shell, and Occidental Petroleum—also have discussed increasing their Permian activity. Chevron said the Permian accounts for much […]