Neptune Energy Norge AS has let a drilling contract to CIMC Offshore AS to drill six wells in the Norwegian North Sea using the newbuild Beacon Atlantic semisubmersible rig, which will be managed by Odfjell Drilling AS. Source: News
Moler named Tallgrass president and COO
Bill Moler, chief operating officer of Tallgrass Energy LP, Leawood, Kan., has been promoted to president. David G. Dehaemers Jr. remains chief executive officer and Moler will retain his chief operating officer title. Source: News
MARKET WATCH: NYMEX crude oil settles above $59/bbl
Light, sweet crude oil for April delivery settled above $59/bbl, setting a 4-month record high Mar. 18 after the Organization of Petroleum Exporting Countries and other major producers discussed continuing current oil-production cuts through June. Source: News
Ithaca to operate Alon D license off Israel
Ithaca Energy Inc., a wholly owned Canadian subsidiary of Delek Group Ltd., Herzlia, Israel, will become operator of the Alon D exploration license offshore Israel under an agreement with Noble Energy Mediterranean Ltd. Noble, the current operator with a 47.059% interest, is withdrawing from the license. Source: News
Oil’s vulnerability
Vulnerability persists in an oil market that might be starting to feel comfortable. The price of West Texas Intermediate crude has gained $10/bbl since the recent low of $45/bbl last December. Source: News
Time to set sail anew
As the Jan. 1 deadline for implementing IMO 2020 regulations moves closer, most discussion has centered on three paths by which shippers might reach the new global 0.5% sulfur limits on maritime fuels: burning the cleaner fuel, installing exhaust scrubbers to continue to burn higher-sulfur fuel, or switching to LNG as fuel. Focus on these […]
Russian-Uzbek EOR JV named Andijanpetro
Andijanpetro LLC is the name of the joint venture formed by Zarubezhneft and Uzbekneftegaz to enhance recovery at three old oil fields in the Ferghana Valley of Uzbekistan. Source: News
FERC issues final EIS for proposed Brownsville Channel LNG project
Construction of Texas Brownsville LNG LLC’s proposed LNG project could result in adverse environmental consequences, the US Federal Energy Regulatory Commission said in a Mar. 15 final environmental impact statement. Impacts would be less than significant if the project sponsor’s proposed impact avoidance, minimization, and mitigation measures and the FERC staff’s additional recommendations are implemented, […]
Ukraine announces second, third licensing rounds
Ukraine outlined terms for its second and third licensing rounds. Bidding will be done using an online auction for areas covering more than 2,260 sq km. Licensing rounds are being offered in stages. Source: News
Iran commissions four South Pars phases
Iran has commissioned four more phases of offshore South Pars natural gas field. Phases 13 and 22-24 have production capacities of 56 million cu m/day, 75,000 b/d of condensate, and 400 tonnes/day of sulfur each. Source: News