Aramco to buyout Shell’s interest in Sasref refining joint venture

Saudi Aramco has reached a deal to acquire Royal Dutch Shell PLC’s share of the partners’ 50-50 joint venture Saudi Aramco Shell Refinery Co.(Sasref), which operates the 305,000-b/d refinery at Jubail, Saudi Arabia. Source: News


Hurricane spuds Warwick Deep well off UK

Hurricane Energy PLC has spudded the 205/26b-C well (Warwick Deep) in the Greater Warwick Area (GWA) west of the UK Shetland Islands. Source: News


JAPEX spuds wildcat off Hokkaido, Japan

Japan Exploration Co. Ltd. has spudded an exploratory well 50 km offshore the Hidaka area of Hokkaido, Japan. Source: News


ACG partners approve $6-billion platform

Partners in the Azeri-Chirag-Deepwater Gunashli (ACG) complex in the Caspian Sea offshore Azerbaijan have approved the investment of $6-billion in a new platform able to process as much as 100,000 b/d of oil. Source: News


MARKET WATCH: NYMEX crude for May settles at $64/bbl

Light sweet crude prices on the New York market gained to settle at $64/bbl on Apr. 18, marking the second time in 3 days that the benchmark has reached or broken above that level. Source: News


Port Arthur LNG moves closer to FID with FERC authorization

Port Arthur LNG LLC, a subsidiary of Sempra Energy, received FERC authorization to site, construct, and operate the Sempra-led Port Arthur LNG liquefaction-export facility under development in Jefferson County, Tex., moving the project closer to a final investment decision.    Source: News


ExxonMobil reports 13th discovery offshore Guyana

ExxonMobil Corp. reported a new oil discovery offshore Guyana with the Yellowtail-1 well in Stabroek block, bringing the total discoveries on that block to 13 and adding to an estimated recoverable resource of 5.5 billion boe. Source: News