Source: News
Strat test probes gas hydrates in Alaska
A stratigraphic test operated by BP Exploration (Alaska) Inc. at Prudhoe Bay has confirmed two gas hydrate reservoirs for further testing in a three-well joint program of the US Geological Survey, US Department of Energy’s National Energy Technology Laboratory, and Japan Oil, Gas, and Metals National Corp. Source: News
Denbury Onshore agrees to pay $3.5 million to settle EPA allegations
Denbury Onshore LLC agreed to implement an injunction relief program including a risk-based program to prevent future crude oil spills and pay a $3.5 million fine to settle US Environmental Protection Agency charges that it violated the federal Clean Water and Oil Pollution Acts, EPA’s Region 4 in Atlanta announced on Apr. 29. Source: […]
Total, Tatweer eye E&P, LNG cooperation
Total and Tatweer Petroleum—Bahrain Field Develop Co., have signed a memorandum of understanding for cooperation in oil and gas exploration, knowledge sharing, and supply of LNG to Bahrain. Source: News
Petroceltic renamed Sunny Hill Energy
Petroceltic International PLC, London, has been renamed Sunny Hill Energy. Source: News
Occidental bid for Anadarko gets $10 billion commitment from Berkshire Hathaway
Occidental Petroleum Corp. has received an equity commitment of $10 billion from Berkshire Hathaway Inc. to finance its proposed acquisition of Anadarko Petroleum Corp. Source: News
MARKET WATCH: NYMEX crude price rises, Brent crude oil prices drop
Light, sweet crude oil for June delivery gained modestly to settle around $63.50/bbl on the New York market Apr. 29 while the Brent contract for June fell 11¢ to $72.04/bbl on the London market. Source: News
ConocoPhillips reports 1Q earnings gains
ConocoPhillips reported first-quarter 2019 earnings of $1.8 billion compared with first-quarter 2018 earnings of $900,000 million. Excluding special items, first-quarter adjusted earnings were $1.1 billion compared with first-quarter 2018 adjusted earnings of $1.1 billion. Source: News
Rangeland Midstream to plans Alberta pipeline project
A Rangeland Midstream Canada Ltd. subsidiary expects new crude oil and condensate pipelines and related facilities it plans to design, construct, and operate in the Marten Hills region of north central Alberta to be in service in second-quarter 2020. Source: News
Equinor, Faroe complete offshore exchange
Equinor and Faroe Petroleum PLC, a wholly owned subsidiary of DNO ASA of Oslo, have completed their no-cash exchange of producing and development interests offshore Norway. Source: News