ExxonMobil Corp. and its partners reported they will invest more into Block 15 offshore Angola to increase production by an additional 40,000 b/d as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas, and Biofuels. Source: News
Angola to offer 10 blocks in bid round
Angola’s new licensing agency will offer 10 oil and gas blocks in the first of several auctions it plans in a 6-year strategy. Paulino Jeronimo, chief executive officer of the National Agency of Petroleum, Gas, and Biofuels (ANPG) said at a conference in Luanda that tendering will begin in October. Source: News
Altus commissions Alpine High gas processing train
Altus Midstream Co., a jointly owned partnership of Apache Corp. and Kayne Anderson Acquisition Corp., has commissioned the first of its three cryogenic natural gas processing trains at its Diamond Cryo Complex in Alpine High in the Delaware basin. With a nameplate capacity of 200 MMcfd, the train is now processing rich gas and delivering […]
East Med due second Turkish drillship
Turkey will increase its controversial drilling in the Eastern Mediterranean when Turkish Petroleum AO launches a second drillship in July. Energy and Natural Resources Minister Fatih Donmez said at a Ramadan fast-breaking dinner that retrofit of the Yavuz drillship, formerly the Deepsea Metro I, is nearly complete, according to the Daily Sabah newspaper. Source: […]
CAPP: Oil, gas investment should double
The Canadian Association of Petroleum Producers seeks federal support for a doubling over the next 4 years of now-slumping investment in Canada’s oil and gas industry. The group made conditions supporting such a recovery part of wish list for the next Canadian government. Elections are scheduled Oct. 21. Source: News
Cooper Energy signs gas sales agreements with AGL
Cooper Energy Ltd., Adelaide, has signed natural gas supply agreements with Sydney distributor and retailer AGL Energy Ltd. for production from Cooper’s Sole field offshore Gippsland basin and its Casino Henry operations in the offshore Otway basin. Source: News
EIA: US crude inventories up 6.8 million bbl
US crude oil inventories for the week ended May 31, excluding the Strategic Petroleum Reserve, increased by 6.8 million bbl from the previous week, according to data from the US Energy Information Administration. Separately, the American Petroleum Institute said its own estimates showed US crude inventories increased by 3.6 million bbl for the week. […]
IHS Markit: Canadian oil sands production growth to slow
Canadian oil sands production growth is slowing, yet total production is expected to reach nearly 4 million b/d by 2030—nearly 1 million b/d more than current levels—according to a 10-year production forecast by IHS Markit. The business information provider expects average year-on-year supply additions will be less than 100,000 b/d in the coming decade. By […]
Dragon Oil due BP’s Gulf of Suez interests
Dragon Oil, Dubai, has agreed to buy BP PLC’s producing and exploration concessions in Egypt, including the British company’s interest in Gulf of Suez Petroleum Co. The move is part of BP’s plan to divest more than $10 billion of assets globally over the next 2 years but does not indicate an exit from Egypt. […]
Anadarko lets contract for Mozambique LNG project
Anadarko Petroleum Corp. has let an engineering, procurement, and construction contract to CCS JV, a joint venture of McDermott International Inc., Saipem, and Chiyoda, for the Mozambique Area 1 LNG Development. Source: News