ExxonMobil, SABIC let contract for USGC petchem project

A joint venture of Saudi Arabian Basic Industries Corp. and ExxonMobil has let a contract to a consortium of Mitsubishi Heavy Industries and Zachry Group to provide construction work on a new unit at the JV’s recently approved Gulf Coast Growth Ventures project, a 1.8 million-tonne/year ethane cracking complex in San Patricio County, Tex., near […]

Rathlin: UK appraisal results ‘encouraging’

Rathlin Energy (UK) is assessing initial results it calls “encouraging” in an appraisal well drilled to assess a natural gas discovery in Humberside, England. Rathlin drilled the West Newton A-2 appraisal well to 2,061 m on PEDL 183 near Hull. It cut 28 m of core and ran wireline logs in the Permian Kirkham Abbey […]

MARKET: Brent crude falls more than $1/bbl

Brent oil prices fell on the London market by more than $1/bbl for August and September delivery while light, sweet crude oil in New York for July delivery settled under $52/bbl on concerns of the possibility of oil shipment disruptions through the Middle East. The price drops came amid talk of a possible military confrontation […]

Dominican Republic set to open first licensing round

The Dominican Republic’s Ministry of Energy and Mines will open its first licensing round at an event in partnership with Wood Mackenzie July 10, with an offering of 14 blocks. Source: News

Equinor to further evaluate Norwegian Sea discovery

Norway’s Equinor and partners Ineos E&P and Faroe Petroleum will evaluate how to further develop an oil and gas discovery made in exploration well 6507/3-13 (Snadd Outer Outer/Black Vulture), 14 km southwest of Norne field in the northern part of the Norwegian Sea and 200 km west of Sandnessjoen in production license 159B. Source: […]

ONGC moves 35 rigs ahead of monsoon season

India’s Oil & Natural Gas Corp. Ltd. reported moving a record-high 35 offshore drilling rigs to new locations ahead of the Indian monsoon season. Aqualis Offshore said it assisted with many of the moves. Source: News

Watching Government: Old idea in new proposal

In what seems to have become an annual ritual, Pennsylvania Gov. Tom Wolf (D) announced a seemingly new infrastructure development program on June 5 that would rely on his usual proposed revenue source. Source: News

Agreement advances Indonesian LNG project

Inpex will submit a revised plan of development for the integrated Abadi LNG project in Indonesia after signing a heads of agreement with authorities on basic principles. The HOA outlines terms agreed in discussions after completion of a pre-front end engineering and design study conducted by KBR in response to the government’s requirement that the […]

Equinor drills duster near Korpfjell gas discovery

Equinor Energy will plug exploration well 7335/3-1 in PL 859, which was drilled 8 km southeast of the 7435/12-1 (Korpfjell) natural gas discovery in the Barents Sea, and 435 km north of Vardo. The well was dry. The well was drilled to a vertical depth of 4,268 m subsea drilled by Seadrill’s West Hercules semisubmersible […]

Shell to sell Martinez refinery to PBF Energy unit

PBF Energy Inc. subsidiary PBF Holding Co. LLC has entered an agreement with Royal Dutch Shell PLC to purchase Shell subsidiary Equilon Enterprises LLC’s (dba Shell Oil Products US) 157,000-b/d dual-coking refinery and integrated logistics assets at Martinez, Calif., for $0.9-1 billion plus the value of hydrocarbon inventory, crude oil supply, and product offtake agreements, […]