Ineos to double capacity of proposed USGC EO-EOD plant

Ineos is planning to double the size of subsidiary Ineos Oxide’s proposed ethylene oxide and ethylene oxide derivatives plant to be built somewhere along the US Gulf Coast. Part of Ineos’ plan to address a fast-growing EO merchant market as well as the operator’s own requirements, the new plant—which will now produce 520,000 tonnes/year of […]

DOE awards contracts from recent SPR crude oil sale

The US Department of Energy has awarded contracts to three refiners from its recent competitive sale of 4.32 million bbl of crude oil from the US Strategic Petroleum Reserve. Marathon Petroleum Corp., Motiva Enterprise LLC, and Phillips 66 Co. were the successful bidders, DOE’s Fossil Energy Office said on Mar. 22. Source: News

UK launches oil and gas data repository

The UK Oil and Gas Authority has published 130 terabytes of oil and gas well, geophysical, field, and infrastructure data from the UK Continental Shelf. It called the launch of the country’s first Oil and Gas National Data Repository “what is believed to be one of the largest ever single open releases of data.” […]

MARKET WATCH: NYMEX crude oil holds above $59/bbl

Light, sweet crude oil for May delivery declined slightly but settled above $59/bbl on Mar. 22 on the New York market. Analysts said tumbling US and European stock markets added to world economic concerns. This dragged down oil prices on fears about reduced world oil demand. Despite ending lower for the Mar. 22 trading session, […]

Indian combine to explore Abu Dhabi block

A combine of state-owned Bharat Petroleum Corp. and Indian Oil Corp. will invest as much as $170 million to explore and appraise conventional resources of onshore Block 1 in Abu Dhabi. Abu Dhabi National Oil Co. awarded exploration rights to the combine to close its first competitive bid round. Source: News

Eni lets contract for Merakes development

Eni SPA has let an engineering, procurement, construction, transportation, and installation contract to TechnipFMC for development of deepwater Merakes natural gas field offshore Indonesia. The contract covers five wells in 1,500 m of water with 50-km tiebacks to the Jangkrik floating production unit in the Makassar Strait off East Kalimantan. Source: News

Baker Hughes: Canada drops 56 rigs for the week

Canada has dropped 56 rigs for the week ended Mar. 22, according to Baker Hughes data. With 105 rigs running, the count is less than the 161 units drilling this week a year ago. The number of oil-directed rigs in Canada fell by 49, bringing the count to 49 rigs for the week. Gas-directed rigs […]

Nigeria lets contract for Port Harcourt refinery revamp

Nigerian National Petroleum Corp. subsidiary Port Harcourt Refining Co. has let a contract to Maire Tecnimont subsidiaries to provide services as part of the first leg of a long-planned rehabilitation project at the Port Harcourt refining complex—which includes a 60,000-b/sd hydroskimming refinery and 150,000-b/sd full-conversion refinery—in Nigeria’s Rivers State. Source: News

PTTEP outlines Malaysian plans after acquisition, block wins

PTT Exploration & Production PCL (PTTEP) has won two exploration blocks in Malaysia while acquiring Murphy Oil Corp.’s properties in the country. PTTEP together with Petronas Carigali Sdn. Bhd. signed production-sharing contracts with Petronas for exploration and production rights of two offshore blocks, PM407 and PM415, in shallow waters off Peninsular Malaysia under the Malaysia […]