Richard A. Jackson has been appointed vice-president, investor relations, of Occidental Petroleum Corp., which is moving its investor relations office to Houston from New York. Source: News
Texas LNG advances proposed Brownsville liquefaction, export terminal
Texas LNG Brownsville LLC, a subsidiary of Houston-based Texas LNG LLC, has engaged a consortium of Samsung Engineering Co. Ltd. and KBR Inc. to deliver both preliminary final investment decision (FID) detailed engineering and post-FID engineering, procurement, and construction (EPC) services for the first 2 million-tonnes/year phase of a proposed 4 million-tpy LNG export project […]
BHI: Eagle Ford rally contributes to seventh straight US rig count rise
The Baker Hughes Inc. tally of active rigs in the US gained 2 units to 756 during the week ended Mar. 3., representing a seventh straight week of increases as drilling activity continues to ramp up throughout Texas. Source: News
OGA study cites need for UK offshore-project improvement
Oil and gas development projects on the UK Continental Shelf (UKCS) need clearer definition, simplicity to the extent possible, and improvements in accountability of delivery and cooperation between companies and stakeholders, concludes a study by the Oil and Gas Authority (OGA). Source: News
Eni expects to discover 2-3 billion boe over next 4 years
Eni SPA expects to report discoveries totaling 2-3 billion boe over the next 4 years, almost twice the amount in its previous 4-year plan, by drilling around 120 wells in more than 20 countries. Source: News
EPA withdraws oil and gas industry information collection request
The US Environmental Protection Agency withdrew a request that oil and gas industry owners and operators provide information about equipment and emissions at existing operations. Administrator Scott Pruitt said he ordered the Mar. 2 move after deciding that he wanted to reassess the need for the information collection request (ICR). Source: News
MARKET WATCH: NYMEX, Brent crude oil prices drop on oversupply concerns
Light, sweet crude oil prices for April dropped by more than $1/bbl on the New York market Mar. 2 while Brent crude oil prices for May on the London market also fell by more than $1/bbl, which analysts attributed to concerns about world oil supplies. Source: News
Hall joins Baker Botts as corporate oil, gas partner
Larry Hall has joined Baker Botts LLP’s Dallas office as a partner in the corporate department. Source: News
Former Texas Gov. Rick Perry wins Senate approval to lead DOE
The US Senate approved President Donald J. Trump’s nomination of former Texas Gov. Rick Perry to be Secretary of Energy by 62 to 37 votes on Mar. 2. Democrats Catherine Cortez Masto (Nev.), Joe Donnelly (Ind.), Heidi Heitkamp (ND), Claire McCaskill (Mo.), Joe Manchin (W.Va.), Debbie Stabanow (Mich.), Tom Udall (NM), and Mark Warner (Va.), […]
Saudi Aramco planning 'long term' for drilling JVs
Saudi Aramco reported that two joint ventures with drilling companies will become “fully operational” within a few months. Source: News