Energean Oil & Gas started production at a stabilized, restricted rate of 1,000 b/d of oil from an extended-reach well development well in Epsilon field in the Aegean Sea offshore Greece. The EA-H3 well, drilled to 5,679 m TMD in about 30 m of water by the Energean Force tender rig, penetrated 689 m of Miocene […]
US Senate, House Democrats from Massachusetts offer pipeline bills
US Sen. Edward J. Markey (D-Mass.) introduced a bill on Apr. 8 that would require the use of professional engineers to approve local natural gas delivery system changes and on-site monitoring of pressure regulation stations so that qualified employees could quickly shut off gas flow in an emergency. Rep. Lori Trahan (D-Mass.) introduced a similar […]
Papua New Guinea government, partners sign LNG agreement
Total SA along with joint venture partners ExxonMobil Corp. and Oil Search Ltd. have signed a gas agreement with the government of Papua New Guinea that defines the fiscal framework for the Papua LNG project (Elk-Antelope field development) in the country’s Eastern Highlands. This follows the memorandum of understanding signed by the parties for development […]
API-AOPL: Number of pipeline incidents declining, report shows
The number of incidents affecting people has decreased 20% as the total of US mileage and deliveries has increased more than 10% in the last 5 years, the American Petroleum Institute and the Association for Oil Pipelines jointly said in their 2019 Liquids Pipeline Performance Report on Apr. 8. Source: News
Lapa field consortium lets subsea contract
The Lapa field consortium has let a subsea contract to TechnipFMC for Lapa field on Block BM-S-9A in the Santos presalt basin in 2,150 m of water 270 km off Sao Paulo, Brazil. Consortium partners are Total E&P do Brasil, Shell Brasil Petroleo, Repsol Sinopec Brasil, and Petrobras. Source: News
MARKET WATCH: Crude oil prices approach 5-month highs
US light, sweet crude oil future prices for May and June rose by more than $1/bbl Apr. 8 on the New York market with Brent crude for June delivery closing in London above $71/bbl on Apr. 9. Analysts said oil prices were supported by unrest in Libya. Source: News
Updated presidential permit issued for Keystone XL pipeline
US President Donald Trump issued an updated presidential permit for the proposed Keystone XL crude oil pipeline on Mar. 29. The move was seen as an attempt to jump-start the project’s construction after a federal judge in Montana blocked it in November and ordered further environmental reviews. Source: News
Judge: President exceeded authority in canceling Obama withdrawals
US President Donald Trump overstepped his authority when he canceled his immediate predecessor’s withdrawals of three federal offshore areas from oil and gas leasing consideration toward the end of his second term, a federal court judge in Alaska ruled on Mar. 29. Source: News
Russia in Venezuela
Arrival in Venezuela late last month of 100 or so Russian military personnel elicited tough talk from the administration of US president Donald Trump. “Russia’s got to leave Venezuela,” declared Sec. of State Mike Pompeo. Source: News
Elephant hunt resumes
Oil and gas companies are hunting the proverbial elephant again. Some of them are, at any rate. Source: News