Neptune Energy and partners plan to start production from high-pressure, high-temperature Seagull oil field in the Central UK North Sea by the end of 2021. Source: News
HPCL due heavy equipment for Visakh refinery revamp
Hindustan Petroleum Corp. Ltd. will receive major heavy equipment ahead of schedule that is to be installed as part of its previously announced program to expand and modernize its 166,700-b/d Vishakhapatnam (Visakh) refinery in Andhra Pradesh on India’s southeastern coast. Source: News
Bernhardt pledges highest ethics if confirmed as Interior secretary
Acting US Interior Sec. David Bernhardt answered environmental and other groups’ assertions that he would cater to oil and gas interests which were clients when he was in the private sector with a pledge to remain committed to the highest ethics possible if the full US Senate confirms his nomination as secretary. Source: News
Indigenous groups eye Trans Mountain stake
An indigenous coalition is forming in Canada with the aim of buying a controlling interest in the Trans Mountain pipeline and expansion project between Alberta and British Columbia from the federal government. Source: News
Aker Energy Ghana submits PDO for Deepwater Tano-Cape Three Points
Aker Energy Ghana Ltd. has submitted an Integrated Plan of Development and Operations (PDO) to Ghanaian authorities for the Deepwater Tano-Cape Three Points block offshore Ghana. Source: News
MARKET WATCH: NYMEX crude settles under $60/bbl on higher US oil supplies
Light, sweet crude oil prices fell modestly Mar. 27 to settle under $60/bbl after the US Energy Information Administration reported a build in crude oil supplies. Source: News
Dallas Fed: oil and gas activity grows modestly as oil price jumps
Energy sector activity grew modestly in first quarter 2019, according to oil and gas executives responding to the Dallas Fed Quarterly Energy Survey. Source: News
Australia to increase environmental transparency for offshore projects
The Australian government has announced there will be increased transparency for all environmental plans for offshore oil and gas activities. All plans will be published, and draft environment plans for offshore seismic and exploration drilling activities will be open for public comment under changes to environmental regulations. Source: News
Aramco agrees to buy SABIC for $69 billion
Saudi Aramco and Saudi Basic Industries Corp., already partners in the development of technology to produce chemicals directly from crude oil, will merge. Aramco signed an agreement under study since last year to buy 70% of the chemical manufacturer from the Public Investment Fund of Saudi Arabia. The private transaction is worth $69.1 billion. Aramco said […]
Higher-octane gasoline seen as more effective fuel efficiency choice
Increasing the octane standard for gasoline sold in the US would improve overall motor vehicle fuel efficiency more effectively than simply waiting for electric and other alternative-fueled cars and trucks to gain a substantial market share, two reports issued by the Alexandria, Va.-based Fuels Institute argued on Mar. 27. Source: News