Natural gas production from Bovanenkovskoye field in northwestern Siberia reached a record-high 264 million cu m/day last year with the addition of two wells and two booster compressor stations, reports state-owned Gazprom, the operator. Source: News
Marathon Petroleum completes $2-billion midstream dropdown to MPLX
Marathon Petroleum Corp. has closed on a deal to contribute certain terminal, pipeline, and storage assets to MPLX LP for $2.015 billion. Source: News
Samson Resources emerges from bankruptcy, sheds $4 billion in debt
Samson Resources Corp., Tulsa, and its subsidiaries have emerged from Chapter 11 bankruptcy protection, discharging $4 billion of debt and nearly $300 million of annual interest expense. Source: News
Work starts on Leviathan field’s first phase
Wood Group has begun detailed engineering for the 30,000-ton fixed platform to be installed offshore Israel to handle production from deepwater Leviathan natural gas field. Source: News
Neste lets contract for Porvoo refinery
Neste Corp. has let a contract to Neste Jacobs Oy to provide advanced process automation technology for the fluid catalytic cracking (FCC) and FCC gas recovery units at its refinery in the Kilpilahti industrial area of Porvoo, Finland. Source: News
Wintershall abandons shale gas research plans in German fields
Wintershall Holding GMBH has abandoned plans for further scientific research into shale gas in two fields in western Germany. Source: News
MARKET WATCH: NYMEX April crude oil contract settles under $54/bbl
Light, sweet crude oil prices for April dropped on the New York market Mar. 1 to settle just under $53.90/bbl while the May contract also dropped but settled at nearly $54.30/bbl. Oil prices fell on high US crude oil inventories and on a rising dollar. Source: News
OxyChem, Mexichem commission Texas ethylene complex
Occidental Chemical Corp. (OxyChem) and Mexichem SAB de CV (Mexichem) have commissioned their 50-50 joint venture Ingleside Ethylene LLC’s 1.2 billion-lb/year ethylene complex at Ingleside, Tex. Source: News
Senate approves Zinke’s nomination as next Interior Secretary
The US Senate approved President Donald J. Trump’s nomination of Rep. Ryan Zinke (R-Mont.) to be Secretary of the Interior by 68 to 31 votes on Mar. 1 as several Democrats joined Republicans in affirming the selection. Source: News
Linn Energy, Berry Petroleum emerge as standalone companies
Linn Energy Inc., the reorganized successor to Linn Energy LLC, and its affiliated entities have emerged from Chapter 11 restructuring, with Linn and Berry Petroleum operating as standalone companies. Linn and Berry merged in 2013. Source: News