The US drilling rig count dropped 10 units to reach 1,012 rigs working for the week ended Apr. 18, according to Baker Hughes data. The count is down 1 unit from the 1,013 rigs working this time a year ago. Source: News
Chrysaor to acquire ConocoPhillips’ UK oil and gas business for $2.675 billion
Chrysaor E&P Ltd. has agreed to purchase the United Kingdom oil and gas business of ConocoPhillips for $2.675, increasing Chrysaor’s pro forma 2018 production to 177,000 boe/d to become one of the largest oil and gas producers in the UK North Sea. Source: News
Tellurian’s Driftwood receives FERC authorization
The US Federal Energy Regulatory Commission has issued the order granting authorization for Tellurian Inc.’s proposed Driftwood LNG export project and an associated pipeline in Louisiana. The project would produce as much as 27.6 million tonnes/year of LNG for export. Source: News
Canada delays Trans Mountain decision
The Canadian government has delayed until June 18 its decision on the contested expansion of the Trans Mountain crude oil and products pipeline between Alberta and British Columbia. Source: News
MARKET WATCH: Crude benchmarks drop despite lower US crude supplies
Light sweet crude prices on the New York market and Brent crude prices on the London market both fell to settle lower Apr. 17 despite the US Energy Information Administration’s weekly inventory report that showed the first weekly decline in US crude supplies in a month. Source: News
Oman-Kuwait JV lets contracts for Duqm refinery
Duqm Refinery & Petrochemical Industries Co. LLC, through contractors, has let two separate contracts to Douglas OHI for work on DRPIC’s 230,000-b/d refinery and petrochemical complex to be built in the Duqm Special Economic Zone in Duqm, Al Wusta Governate, on the southeastern coast of Oman. Source: News
CAPP 'encouraged' by Alberta premier-elect
The Canadian Association of Petroleum Producers greeted the United Conservative Party’s Apr. 16 election victory in Alberta by saying it is “encouraged by Premier-elect Jason Kenney’s commitment to the oil and natural gas industry.” Source: News
Gazpromneft targets West Siberian Achimov
Gazpromneft-Zapolyarye has completed agreements allowing it to start developing Cretaceous Achimov strata in Yamburgskoye oil and gas condensate field and oil-rim deposits in parent Gazprom’s Pestsovoye and En-Yakhinskoye gas fields in the Yamal-Nenets Autonomous Okrug of Russia. Source: News
FERC staff issues final EIS for Gulf Liquefaction LNG project
The proposed Gulf Liquefaction LNG Project would have some adverse environmental impacts which could be reduced to less-than-significant levels if recommended mitigation measures are implemented, the Federal Energy Regulatory Commission’s staff said on Apr. 17 in a final environmental impact statement. Source: News
IOCs recorded high reserve replacement, low F&D costs in 2018, analysis shows
Source: News