Thunder Creek Gas Services, a subsidiary of Meritage Midstream Services, is more than doubling natural gas processing capacity on its supersystem in Wyoming’s Powder River basin with construction of a new cryogenic processing plant in Converse County, several miles west of Douglas, Wyo. Source: News
Spur Energy, KKR buy Permian assets from Percussion
Spur Energy Partners LLC, Houston, and investment firm KKR have partnered to acquire oil and gas production and development assets across the Lower 48, beginning with a signed agreement to acquire the Permian Northwest Shelf assets of Percussion Petroleum LLC, Houston. Source: News
Cameron LNG starts production from Train 1
Cameron LNG has started production of LNG from Train 1 of its facility in Hackberry, La. In the initial phases, the production is a precursor to a first cargo, which is expected later this quarter, said McDermott International Inc. Source: News
MARKET WATCH: Oil prices fall awaiting Persian Gulf news
Light, sweet crude oil prices closed just above $61/bbl on the New York market May 13 while Brent prices hovered around $70/bbl in London awaiting more details on repeated attacks within days to Saudi Arabian oil tankers and other vessels near the Strait of Hormuz. Source: News
Equinor claims Shell’s Caesar Tonga stake
Equinor said it will increase its interest in deepwater Caesar Tonga oil field in the Gulf of Mexico to 46% by exercising a preferential right to acquire Shell Offshore Inc.’s 22.45% interest for $965 million. Source: News
Shell unit to buy more interests in Explorer, Colonial lines
Shell Midstream Partners LP, Houston, has agreed to acquire Shell’s 25.97% equity interest in Explorer Pipeline Co. and 10.125% equity interest in Colonial Pipeline Co. for $800 million. The acquisition will increase Shell Midstream Partners’ interest in Explorer to 38.59% and in Colonial to 16.125%. Source: News
Oil price risks rise to perilous levels, energy research firm says
Two Saudi Arabian oil tankers were reportedly attacked off the coast of the United Arab Emirates this weekend, sending crude futures up sharply May 13. Supply disruptions in the Middle East on top of an already tight crude market could send oil prices violently upward, according to independent energy research and business intelligence company Rystad […]
UAE due IMO 2020-compliant refinery
Brooge Petroleum & Gas Investment Co. is building a 250,000-b/d refinery designed to produce bunker fuel in Fujairah, UAE. The refinery will be the first of its kind in the Middle East and North Africa to comply with new regulations of the International Maritime Organization 2020 by capping sulfur content in shipping fuels, BPGIC said. […]
Freeport LNG selects preferred bidder for Train 4 project
Freeport LNG Development LP has selected KBR Inc. as the preferred bidder for the engineering, procurement, construction, and commissioning contract for Train 4 at Freeport LNG’s export facility on Quintana Island near Freeport, Tex. Source: News
Thai refiner to shut down hydrocracker for planned maintenance
Bangchak Corp. Public Co. Ltd. (BCPCL), formerly Bangchak Petroleum Public Co. Ltd., has scheduled a shutdown of the hydrocracking unit for a month of planned maintenance at its 120,000-b/d refinery in Bangkok, Thailand. Source: News