ExxonMobil and its Mozambique Rovuma Venture partners have received approval from the government of Mozambique for the joint venture’s development plan for Rovuma LNG, which will produce, liquefy, and market natural gas from three reservoirs in the Area 4 block offshore Mozambique, two of which straddle the boundary with neighboring Area 1. Source: News
Meridian lets contract for Davis refinery
Meridian Energy Group Inc. has let a contract to Emerson Electric Co., St. Louis, to provide automation control systems and technologies for the operator’s grassroots 49,500-b/sd high-conversion Davis refinery to be built in Billings County in the heart of southwestern North Dakota’s Bakken shale region. Source: News
China raises US LNG import tariffs to 25%
In retaliation for the US increasing the tariff on $200 billion in Chinese goods to 25% from 10%, which took effect May 10, China reported May 13 it will assess a 25% tariff on US LNG starting June 1—an increase from the 10% level instituted in September. Source: News
Petrobras lets contract for Sepia field project
Petroleo Brasileiro SA (Petrobras) has let a contract to McDermott International Inc. for subsea risers and flowlines for the first phase of Sepia field, 174 miles offshore Rio de Janeiro. The first phase is part of a 15-well Sepia field development in the presalt layer of the Santos basin on Block BM-S-24. Start of oil […]
Meritage to double Powder River basin gas processing
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