BP PLC has let an integrated engineering, procurement, construction, and installation contract to TechnipFMC for the Thunder Horse South expansion Phase 2 project in the deepwater Gulf of Mexico. The contract, valued by TechnipFMC at $75-250 million, is the second contract let to TechnipFMC by BP following Atlantic Phase 3 in this year’s first quarter. […]
OTC: Industry learning from MODU reactivation
Lessons are being learned as industry reactivates mobile offshore drilling units (MODU) that were cold or warm-stacked during the oil-price slump that started in late 2014, representatives from Northern Offshore and Borr Drilling told an Offshore Technology Conference breakfast audience May 6 in Houston. Source: News
MARKET WATCH: Crude oil rise on changing US relations with Iran, China
Light, sweet crude oil and Brent crude futures prices rose modestly in volatile trading May 6, which analysts attributed to US-Iran tensions and to uncertainty regarding US-China trade talks after US President Donald Trump’s threat that he might raise tariffs on Chinese goods. Source: News
API, IOGP recommend steps to increase US LNG exports to EU countries
The American Petroleum Institute and London-based International Association of Oil & Gas Producers (IOGP) jointly released a position paper outlining ways to increase US LNG exports to countries in the European Union. The May 2 recommendations came during the first EU-US Energy Council Business-to-Business Energy Forum in Brussels. Source: News
FERC staff issues final EIS for Plaquemines LNG, pipeline projects
The proposed Plaquemines LNG export terminal and associated Gator Express pipelines might have adverse environmental impacts that could be less than significant if the sponsor’s proposed impact avoidance, minimization, and mitigation plan and additional Federal Energy Regulatory Commission staff recommendations are implemented, FERC’s staff said in a May 3 final environmental impact statement. Source: […]
Amplify Energy, Midstates Petroleum to merge
Amplify Energy Corp. and Midstates Petroleum Co. Inc. have agreed to a merger pursuant to which Amplify will merge with a subsidiary of Midstates in an all-stock deal. Source: News
BP sanctions second phase of Thunder Horse expansion project
BP PLC has sanctioned development of Phase 2 of the Thunder Horse South expansion project in the deepwater Gulf of Mexico. The project—which at peak is expected to add 50,000 boe/d gross of production from the existing Thunder Horse platform—is due for startup in 2021. Source: News
TransCanada will become TC Energy
TransCanada Corp. shareholders, representing 99.55% of votes cast, have approved a special resolution authorizing the company to amend its articles to change its name to TC Energy Corp. Source: News
NPC submits supplemental assessment of Arctic oil, gas potential
The National Petroleum Council approved and submitted a supplemental assessment to its 2015 US Arctic Oil and Gas Potential Resources Report to Energy Sec. Rick Perry on May 2. It contains recommendations addressing enhanced safety and environmental stewardship, regulatory effectiveness and certainty, drilling season length, lease term competitiveness, and enabling infrastructure, the council noted. […]
Oxy continues push to buy Anadarko, proposes Africa deal
Occidental Petroleum Corp. is continuing its push to acquire Anadarko Petroleum Corp., raising the cash portion of its bid in a revised offer following an agreement struck with Total SA to sell Anadarko’s Africa assets for $8.8 billion, contingent on Oxy closing the deal with Anadarko. Source: News