Qatar Petroleum has let the front-end engineering design contract for the North field expansion project’s offshore pipelines and topsides facilities to McDermott Middle East Inc. Source: News
A cost-benefit review
Review by the US Environmental Protection Agency of procedures for estimating costs and benefits of proposed regulations deserves a warm welcome from the oil and gas industry. Source: News
TransGlobe Egyptian strike due on stream
TransGlobe Energy Corp., Calgary, plans to bring its South Ghazalat (SGZ)-6X discovery in Egypt’s Western Desert on production at an initial rate of 1,000 b/d of 34° gravity crude oil in this year’s fourth quarter under a newly approved develop lease. Source: News
Sierra Leone reopens fourth licensing round
The Petroleum Directorate of Sierra Leone, in partnership with GeoPartners Ltd. and Getech Group PLC, announced the reopening of the fourth licensing round for offshore areas reaching from near short to ultradeep water. Source: News
CNRL agrees to buy Devon’s Canadian assets
Canadian Natural Resources Ltd. will increase its crude oil production capacity by 128,300 b/d before royalties with the purchase of Devon Canada for $3.775 billion (Can.) cash. Devon Energy announced early this year its plan to shed Canadian operations and natural gas production to focus on US oil. Source: News
MARKET WATCH: Crude oil prices rise on US rig count
Oil prices climbed May 28 for a second trading session with light, sweet crude oil for both the July and August contracts settling above $59/bbl as traders returned after a long Memorial Day weekend. Source: News
Court blocks BC anti-Trans Mountain bill
The British Columbia Court of Appeal has ruled against provincial legislation that could have blocked expansion of the federally owned Trans Mountain Pipeline system. The legislation would have enabled the BC government to require a permit for the handling of heavy oil and thus to disallow the expansion project, which Premier John Horgan strongly opposes. […]
Stonepeak invests $1.3 billion in Calcasieu Pass LNG
Venture Global LNG Inc. has received a $1.3 billion equity investment from Stonepeak Infrastructure Partners for its 10-million tonne/year Calcasieu Pass LNG export facility in Cameron Parish, La. Total committed capital to fund construction of Calcasieu Pass and the continued development of Venture Global’s 20 million-tpy Plaquemines LNG and 20 million-tpy Delta LNG facilities is […]
Equinor granted North Sea drilling permit
Equinor Energy AS has been granted a drilling permit by the Norwegian Petroleum Directorate for well 16/5-7 in production license 502 in the North Sea. Source: News
NextDecade lets contract for Rio Grande LNG Phase 1
NextDecade has let an engineering, procurement, and construction contract to Bechtel for Phase 1 of the 27 million-tonne/year Rio Grande LNG plant at the Port of Brownsville in South Texas. Source: News