The US drilling rig count fell 2 units to reach 988 rigs working for the week ended May 10—the third straight week below 1,000, according to Baker Hughes data. The count is down 57 units from the 1,045 rigs working this time a year ago. Source: News
Energean renews Karish-Cyprus gas line bid
Energean Oil & Gas has submitted an updated proposal to the Cyprus Energy Regulatory Authority to supply gas to the island nation from deepwater Karish field offshore Israel. The operator proposes to lay a 200-km pipeline from the Energean Power FPSO vessel, which will handle production from Karish and Tanin fields, to Vasilicos, Cyprus. […]
Pemex to proceed with Dos Bocas refinery project
Petroleos Mexicanos has decided it will build Mexico’s previously proposed 340,000-b/d refinery in the Port of Dos Bocas, Tabasco, on its own. The refinery, which comes as one of the main projects to help achieve Mexico’s energy independence and ensure national security, will cost about 160 billion pesos and will create 100,000 jobs, Pemex said. […]
OMV, Borealis eye plastic recycling
OMV and Borealis are exploring ways to chemically recycle plastic waste into plastics feedstock at the refining and petrochemical site they share at Schwechat, Austria. Source: News
Woodside lets contact for Scarborough development
Two subcontracts to support development of the floating production unit on Woodside Petroleum group’s proposed Scarborough gas field development on the Exmouth Plateau off Western Australia have been signed by SNC Lavalin, which will provide front-end engineering design support for the semisubmersible hull and mooring system as well as model testing scoping and supervision and […]
Oxy, Anadarko merger moves to approvals phase
A deal to combine Anadarko Petroleum and Occidental Petroleum is moving to the approvals phase. Anadarko on May 9 entered into a definitive merger agreement with Oxy following the termination of its previously announced merger agreement with Chevron. Anadarko paid a termination fee of $1 billion to Chevron. Source: News
HPCL Rajasthan lets contract for proposed Barmer refining complex
HPCL Rajasthan Refinery, a 74-26% joint venture of Hindustan Petroleum and the state government of Rajasthan, has let a contract to Chevron Lummus Global—a partnership of Chevron USA and McDermott International—to provide process technology for a coking unit at the JV’s planned 181,000-b/d integrated refinery and petrochemical complex now under construction at Pachpadra Tehsil, Barmer […]
Louisiana dedicates Lake Charles petrochemical complex
Lotte Chemical USA and Westlake Chemical have completed their long-planned $3.1-billion grassroots petrochemical project in southwest Louisiana. The state of Louisiana alongside Lotte and Westlake officials held a dedication ceremony for the completed petrochemical complex—including its more than 1 million-tonne/year ethane cracker and 700,000-tpy monoethylene glycol plant—on May 9. Source: News
ExxonMobil unit lets contracts for Liza Unity FPSO off Guyana
An affiliate of ExxonMobil Corp. let contracts for the next phase of the Liza project offshore Guyana to SBM Offshore, which will construct, install, lease, and operate for up to 2 years the Liza Unity floating production, storage, and offloading vessel. Source: News
Indonesia opens 2019’s second license round
The government of Indonesia has opened the year’s second oil and gas licensing round, in which two of four blocks on offer were part of the earlier round, the Jakarta Post reports. Oil production has occurred on one of the blocks, West Kampar on the border of Riau and North Sumatra provinces. The other blocks, […]